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Murrr4er [49]
3 years ago
15

Which of the following journal entries is recorded correctly and in the standard format?

Business
1 answer:
Zanzabum3 years ago
3 0

Answer:

D. Salaries and Wages Expense 530

Advertising Expense 910

Cash 1440

Explanation:

Salaries and wages expense, and advertising expense, are expenses, therefore, when they increase, they are debited.

Cash is an asset account, when it decreases, as in this case, it is debited.

The entry would be:

Account                                        Debit              Credit

Salaries and Wages Expense     530

Advertising expense                   910

Cash                                                                      1440

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Both Phoebe and Connor are trying to maximize their lifetime income. Each has a different plan on how to do it best. Phoebe clai
andrew11 [14]
The correct answer is C. By attending college, Connor actually stands better prospects to earn a significant salary throughout his lifetime. Employees having gone through post-secondary education generally earn more income than those who have not studied till college. The simple reason is, by attending college, you acquire sharper knowledge and insights of disciplines you wouldn't otherwise have access to. You get skills that are in line with a demanding and fast-paced environment. People often regret not attending college because they could have grabbed a certificate that could have been a stepping stone for professional opportunities and higher incomes.
7 0
3 years ago
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Leila is giving a speech about a new café that recently opened near her college campus. Her audience consists of her fellow clas
Hitman42 [59]

Answer: Discussing about the services and inexpensive items in the menu.

Explanation: In the given case, Leila's target customers are the students in college campus. The college students do not have a lot of money to spend. Therefore, she should inform the audience about the inexpensive items in the menu that they can purchase.

She can also persuade them by telling them the services provided by cafe. The nearness of the cafe from the campus could save time of the students, thus it could be a good point to attract the students.

8 0
3 years ago
On May 3, 2020, Windsor Company consigned 90 freezers, costing $480 each, to Remmers Company. The cost of shipping the freezers
aivan3 [116]

Answer:

a. Value of Ending inventory  $ 22025

b. Profit=  $ 10429

c. Amount Remitted to the Consignor  $32454      

Explanation:

Windsor Company

Goods Sent on Consignment  90 * $ 480= $ 43,200

Shipping Charges                                              $ 850

Total                                                                    $44050

Cost of One Freezer = $ 44050/ 90= $ 489.44

Cost of 45 Freezers= $22025

The ending inventory value is calculated by multiplying the unit costs with the units at hand.

a. Value of Ending inventory at the Hands of the Consignee = Units* Cost Price = 45 * $ 489.44= $ 22025

Sales by the Consignee           45* $ 780= $ 35100

b. Profit= Sales - (Cost + Expenses) =  $ 35100- ($22025 + $2646)  

= $ 10429

Profit is calculated by subtracting all the expenses and the cost from the sales

Installation Charges                                 $330

Advertisement Costs                                $ 210

Commission (6% of 35100)=                     $2106

Total  Expenses                                      $2646  

c. Amount Remitted to the Consignor = Sales - Expenses=  ( $ 35100-  $2646 )= $32454                        

3 0
3 years ago
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Camille, a buyer, wants to change the price already agreed to in a sales contract. what document should she use?
e-lub [12.9K]

She should use <u>a </u><u>New contract</u>.

A contract is a legally enforceable agreement that establishes, defines, and controls the mutual rights and obligations between parties. Contracts typically include the transfer of goods, services, money, or promises to transfer at a future date.

In the event of a breach of contract, victims are entitled to legal remedies, including damages and withdrawal. Contract law, the field of law of obligations dealing with contracts, is based on the principle that agreements must be honored.

learn more about contracts here.   brainly.com/question/984979

#SPJ4

6 0
2 years ago
Omar and Janet decide to revise their budget for Rings and Things. What suggestions about labor
Citrus2011 [14]

Answer:

Review labor costs downwards

Explanation:

Janet and Omar should consider revising their budget for labor downwards. In the current state, labor costs are $1000, which is approximately 57 percent of all costs. As a rule of thumb, labor costs should be between 25 to 35 percent of total costs. This implies that Janet and Omar's labor costs are very high in relation to the other costs.

Janet and Omar should aim for a profit. Ideally, a 25 to 30 percent profit is a good target for such a business. For this to happen, they need to cut down labor to between $300 to a maximum of $400.

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