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Leona [35]
3 years ago
6

Threadless allows customers to submit their own designs and to vote on which designs they would like to see printed on a T-shirt

. This business uses a ________ technique.A. offshoring B. crowdsourcing C. peer-to-peer D. binge watching
Business
1 answer:
natta225 [31]3 years ago
5 0

Answer:

The answer is B: crowdsourcing.

Explanation:

Crowdsourcing involves obtaining work, information, or opinions from a large group of people who submit their data via the Internet, social media, and smartphone apps.

Crowdsourcing allows companies to obtain ideas and work of people anywhere, which lets businesses hit into a vast collection of skills and expertise without incurring the normal overhead costs of in-house employees.

Crowdsourcing presents the following advantages:

- Gain Fresh Perspectives: Imagine a community comprised of hundreds or even thousands of willing participants eager to innovate.

- Connect with Customers: directly involved by asking for customer feedback. Encourage them to share in the creation, and improving products and services a company provides.

- Reduce costs: When funding is a concern finding solutions using a traditional, in-house approach might not be feasible.

- Network to Build an Engaged Community: Contributions by those connected via the Internet are breathing life into projects.

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On January 1, 2022, the ledger of Oriole Company contained these liability accounts. Accounts Payable Sales Taxes Payable Unearn
kondaur [170]

The preparation of the journal entries is as follows:

<h3>Journal Entries for January Transactions:</h3>

Date                 Account Titles and Explanation     Debit    Credit

Jan. 1, 2022:   Cash                                             $518,000

                        Notes Payable                                           $518,000

  • (To record borrowing on notes payable for 4 months at 5%.)

Jan. 5, 2022:  Cash                                                $5,936

                       Sales Taxes Payable                                        $336

                       Sales Revenue                                              $5,600

  • (To record the sale of merchandise for cash.)

Jan.. 12, 2022: Unearned Service Revenue       $11,700

                        Service Revenue                                         $11,7004

  • (To record the performance of services for customers.)

Jan. 14, 2022: Sales Taxes Payable                   $8,200

                        Cash                                                            $8,200

  • (To record the payment of sales taxes collected in December.)

Jan. 20, 2022: Accounts Receivable            $384,780

                          Sales Taxes Payable                              $21,780

                          Sales Revenue                                    $363,000

  • (To record the sale of 660 units at $550 per unit, plus 6% sales tax.)

<h3>Adjusting Journal Entries:</h3>

Date                Account Titles and Explanation     Debit    Credit

Jan. 31, 2022: Interest Expense                           $2,158

                       Interest Payable                                           $2,158

  • (To record the interest on outstanding notes payable.)

Jan. 31, 2022: Wages Expense                         $98,000

                       Wages Payable                                        $98,000

  • (To record the wages expenses accrued.)

Jan. 31, 2022:  Wages Expense                        $14,295

                         Payroll Taxes Payable                          $14,295

  • (To record payroll and withholding taxes.)

Jan. 31, 2022: Payroll Taxes Expense              $7,497

                       Payroll Taxes Payable                            $7,497

  • (To record employer's payroll taxes.)

2. The preparation of the current liabilities section of the balance sheet at January 31, 2022, is as follows:

<h3>Liability Accounts:</h3>

Accounts Payable                 $44,100

Sales Taxes Payable               22,116

Unearned Service Revenue   8,900

Notes Payable                     518,000

Wages Payable                    98,000

Payroll Taxes Payable          21,792

Interest Payable                     2,158

Total current liabilities   $715,066

<h3>Transactions Analysis:</h3>

Liability Accounts:

Accounts Payable $44,100

Sales Taxes Payable 8,200

Unearned Service Revenue  20,600

Jan. 1, 2022: Cash $518,000 Notes Payable $518,000 4-month, 5%

Jan. 5, 2022: Cash $5,936 Sales Taxes Payable $336 Sales Revenue $5,600

Jan.. 12, 2022: Unearned Service Revenue $11,700 Service Revenue $11,700

Jan. 14, 2022: Sales Taxes Payable $8,200 Cash $8,200

Jan. 20, 2022: Accounts Receivable $384,780 Sales Taxes Payable $21,780 Sales Revenue $363,000

Jan. 31, 2022: Wages Expense $98,000 Wages Payable $98,000

Jan. 31, 2022:  Wages Expense $14,295 Payroll Taxes Payable $14,295

Jan. 31, 2022: Payroll Taxes Expense $7,497 Payroll Taxes Payable $7,497

Jan. 31, 2022: Interest Expense $2,158 Interest Payable $2,158

<h3>Liability Accounts:</h3>

Accounts Payable $44,100

Sales Taxes Payable 22,116 (8,200 + 336 -8,200 + 21,780)

Unearned Service Revenue 8,900 (20,600 - 11,700)

Notes Payable $518,000

Wages Payable $98,000

Payroll Taxes Payable $21,792 ($14,295 + 7,497)

Interest Payable $2,158

Learn more about journalizing sales transactions at brainly.com/question/17201601

#SPJ1

3 0
2 years ago
Grace called a team meeting at her company to go over the results of her marketing research. Before walking through the results,
bearhunter [10]

Answer:

sorry,I don't know the correct answer

5 0
3 years ago
Read 2 more answers
Net income (in millions) $150 Shares outstanding (in millions) 300 Stock price $30.00 What is the price-earnings ratio (to the n
Aloiza [94]

Answer:

60

Explanation:

price-earnings ratio = price / earnings per share

earnings per share = net income / shares outstanding = $150 / 300 = $0.50

$30 / $0.50 = 60

3 0
3 years ago
Basso includes in his song "Chords" a few seconds of Dante's copyrighted sound recording "Etudes" without permission. Some feder
Margarita [4]

Answer: c. a "fair use" exception to the provisions of the act.

Explanation: such digital sampling has been found by some federal courts to be a "fair use" exception to the provisions of the act. Fair use as a legal concept allows the reproduction or copying of copyrighted material without obtaining permission from the makers of such material and without paying fee or royalties. Purposes such as reviews, teaching, news reporting, etc. are all considered under the act.

5 0
3 years ago
An annual reporting period consisting of any twelve consecutive months is known as:________.1. Calendar year2. Natural business
11111nata11111 [884]

Answer:

4. Fiscal year

Explanation:

Reporting period refers to the period or time covered by a set of financial statements. It is the accounting period in which a given financial report will be covered. It may either be monthly, quarterly or yearly depending on organization's choice.

Now, fiscal year is an accounting period or reporting period that consist of 12 month used for accounting purposes. It is a yearly reporting period made up of 12 consecutive months. It may or may not correspond to the normal calendar year depending on the organization's choice or decision.

3 0
3 years ago
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