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denis-greek [22]
4 years ago
11

The following transactions were completed by the company. The company completed consulting work for a client and immediately col

lected $5,600 cash earned. The company completed commission work for a client and sent a bill for $4,100 to be received within 30 days. The company paid an assistant $1,450 cash as wages for the period. The company collected $2,050 cash as a partial payment for the amount owed by the client in transaction b. The company paid $720 cash for this period's cleaning services.

Business
1 answer:
Burka [1]4 years ago
7 0

Answer:

See explanation Section

Explanation:

See the image to get the appropriate answer.

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Consider your current organization or an organization with which you were once affiliated. Is there a dominant change approach i
enyata [817]

Answer:

As somebody once said change is the main thing constant throughout everyday life. Be it for an individual or an organization change is required to adjust and advance.  

Change has consistently been there. The main thing diverse in this day and age is the manner by which quick things change and so as to stay aware of this pace each association must have a change the board system set up. Change expands the profundity of an individual's information decidedly.  

Taking a case of Organization An or Org An as it will be alluded to in the accompanying section  

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7 0
3 years ago
from a profit perspective, it makes sense for firms to disperse their productive activities to those countries where they can be
fomenos

The statement is correct. Profitably, it makes sense for firms to shift their productive activities to countries where they can be performed more efficiently.

<h3>What is Profit perspective?</h3>
  • The Profits Perspective is an economic viewpoint that focuses on the financial flows that determine total business profits. It is based on Jerome Levy's profits equation, which he discovered in 1908.
  • It is also linked to the work of Hyman Minsky, a twentieth-century economist. The distinction between the revenue obtained from the sale of an outcome and the costs of all inputs used, as well as any prospect costs, is the financial profit or loss.
  • Economic profit is calculated by subtracting opportunity costs and explicit costs from earnings earned.
  • Economic profit is important because it aids in determining a company's profitability and financial performance.
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7 0
1 year ago
What was the organization created by the kennedy administration to aid the economic and educational progress of developing count
Vladimir79 [104]

Foreign Assistance Act was the organization created by the Kennedy administration to aid the economic and educational progress of developing countries.

<h3>What was Foreign Assistance Act?</h3>

The Foreign Assistance Act  can be regarded as an act that was structured to offer  foreign assistance programs as well as  distinguishing between military from non-military aid.

The foreign aid or assistance can come inform of any type of assistance that is been voluntarily transferred from one country to another country and this can be in form of a gift as well as grant, or loan.

In some cases foreign aid can be inform of capital, as well as food supplies, and services and it can also be categorized as humanitarian aid and military assistance.

Some of the common foreign aid or assistance are;

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Hence, Foreign Assistance Act was the organization created by the Kennedy administration to aid the economic and educational progress of developing countries.

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7 0
2 years ago
A company reported the following in its recent balance sheet:
Genrish500 [490]

Answer:

A) Current Ratio = 186,748 / 36,169 = 5.16

B) Bad Debt Expense = 38,100

Explanation:

A - By ordering the accounts, the Balance Sheet is as follows:

1. ASSET

1.1. CURRENT ASSET – 186,748

1.1.1. Cash 73,514

1.1.2. Accounts receivable 81,526

1.1.3. Inventories 26,006

1.1.4. Supplies 5,702

1.2. LONG-TERM ASSET

1.2.1.Property and equipment  156,028

TOTAL ASSET: 242,776

2. LIABILITIES

2.1. CURRENT LIABILITIES – 36,169

2.1.1. Accounts payable 19,397

2.1.2. Income tax payable 3,702

2.1.3. Wages payable 13,070

2.2. LONG-TERM LIABILITIES

2.2.1. Long-term liabilities 1,899

3. STOCKHOLDERS´EQUITY

3.1.1. Stockholders' Equity 204,708

TOTAL L + SE:  242,776

Current Ratio = Current Asset (CA) / Current Liabilities (CL)

Current Ratio = 186,748 / 36,169 = 5.16

B – The Allowance for Uncollectible Accounts has a balance of 6,200 (credit), but the balance should be of 44,300 (credit), therefore, it must be increased in 38,100 (Credit) against  Bad Debt Expense (Debit) for the same amount.

8 0
3 years ago
Missing amount from an account
statuscvo [17]

Answer:

supplies expense for August  = $2811

Explanation:

given data

August 1 supplies on hand = $1,025

August purchased = $3,110

August 31 supplies on hand = $1,324

solution

we get here supplies expense for August that is express as

supplies expense for August  = August 1 supplies on hand  + August purchased - August 31 supplies on hand  .............1

put here value

supplies expense for August  = $1,025 + $3,110 - $1,324

supplies expense for August  = $2811

7 0
3 years ago
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