1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
svetoff [14.1K]
2 years ago
11

On Sept 9, Daniels Corporation earns $2,000 by performing consulting services. Their customer said that she would pay next month

. Daniels Corporation journalized the transaction as follows, but something is wrong with the journal entry. Use your knowledge of what a correct journal entry should look like to identify everything that is wrong. (Check all that apply.)a. Consulting revenue should be listed below the debited account as it is credited.b. Dollar signs should be included in the Debit and Credit columns.c. Accounts payable is not involved in this transaction.d. The Consulting revenue account should be indented, as it is credited.e. The correct account that should be debited is the Accounts receivable account.
Business
1 answer:
anyanavicka [17]2 years ago
4 0

Answer:

The answers are:

A) Consulting revenue should be listed below the debited account as it is credited.

C) Accounts payable is not involved in this transaction.

D) The Consulting revenue account should be indented, as it is credited.

E) The correct account that should be debited is the Accounts receivable account.

Explanation:

You might be interested in
If the M1 multiplier is 3 and the Fed engages in open-market purchases in the amount of $3 billion, then monetary base will Grou
zavuch27 [327]

Answer:

A

Explanation:

By definition, open-market operations change the monetary base.

In this exercise, the Fed engages in open-market purchases, which means that the Fed expands the amount of money in the banking system. Therefore the monetary base will increase by an amount equal to the amount of open-market purchases.

So monetary base will increase by $3 billion.

7 0
3 years ago
DASH Airlines is considering the addition of a flight from Red Cloud to David City. The total cost of the flight would be $1,100
Talja [164]

Answer: add this flight because marginal revenue exceeds marginal costs.

Explanation:

Since the total cost of the flight would be $1,100, of which $800 are fixed costs already incurred, then the variable cost in this case will be )$1100 - $800) = $300.

Since the expected revenues from the flight are $600, thus implies that the total revenue exceeds total variable cost and therefore Dash should add the flight because total revenue is more than total variable cost and the marginal revenue exceeds marginal costs.

7 0
3 years ago
A primary disadvantage of the corporate form of organization is:
yaroslaw [1]

Answer:

Corporate earnings are subject to double taxation.

Explanation:

A corporation can be defined as a business that is owned by its shareholders. These various shareholders have the responsibility of putting in place board of directors to supervise the daily activities of the organization.

The ownership of a corporation by shareholders is fully represented by their shares of stock.

Corporate form of business organization assures the owners of their personal asset protection. Various organisations operating in a corporate form find it easier to borrow money, this provides a wide opportunity for the growth of the company.

4 0
3 years ago
Fischer Company has outstanding 8,000 shares of $100 par value, 5% preferred stock, and 50,000 shares of $1 par value common sto
nikklg [1K]

Answer:

The appropriate solution is "$130,000".

Explanation:

The given values are:

No. of common shares outstanding

= 50,000

Dividend per share

= $1.80

No. of preferred shares outstanding

= 8,000

Dividend per share

= $5

Now,

The total dividend on common shares will be:

=  No. \ of \ common \ shared \ outstanding\times Dividend \ per \ share

On substituting the values, we get

=  50,000\times  1.80

=  90,000 ($)

The total dividend on preferred stock will be:

=  No. \  of \ preferred \ shares \ outstanding\times Divided \ per \ share

On substituting the values, we get

=  8,000\times 5

=  40,000 ($)

Hence,

The total dividend paid by company will be:

=  Total \ dividend \ on \ common \ shares +Total \ dividend  \ on \  preferred \ stock

=  90,000+40,000

=  130,000 ($)

Thus the above is the correct answer.

4 0
2 years ago
Which bank does not charge at all for using the ATM?
const2013 [10]
Bank A is the answer
6 0
3 years ago
Other questions:
  • Tony decides to hold the company’s first adventure race on December 15. Four-person teams will race from checkpoint to checkpoin
    13·1 answer
  • Which of the following statements is (are) TRUE?
    9·2 answers
  • Anyhelp?? anyone??? please?
    13·2 answers
  • How is using a coffee cup calorimeter an effective way to determine enthalpy?
    11·1 answer
  • Attina always spends 30 % of her income on soft-shell crabs. Assume that her income increases by some percentage while the price
    15·1 answer
  • Marketing research indicates that almost 70 percent of all women drivers who have driven a Volkswagen Cabrio prefer it to any ot
    8·1 answer
  • Research in neuroeconomics has found that the function of the _________________ may be to deal with the cognitive demands of a g
    9·1 answer
  • Why is labour productivity important for some businesses?
    5·1 answer
  • Genuine spice inc. began operations on january 1 of the current year. the company produces 8-ounce bottles of hand and body loti
    13·1 answer
  • the 2-year discount factor is 0.92. what is the present value of $1 to be received in year 2? note: do not round intermediate ca
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!