Answer:
her current net worth is $75,500
Explanation:
The computation of the her current net worth is shown below:
As we know that
Net worth is
= Total assets - total liabilities
= ($50,000 + $500 + $100,000) - ($75,000)
= $150,500 - $75,000
= $75,500
Hence, her current net worth is $75,500
We simply deduct the liabilities from the asset to determine the net worth
Answer:
Debit Cash $1,470
Debit Expense - Credit card fee $30
Credit Sales revenue - $1,500
Explanation:
The sales revenue for Appliance world will be $1,500 as this is the gross sale made at point of sale.
- Since, this sale is made via credit card, the credit card fee will be <u>deducted</u> from the sales revenue,
- Difference will be <u>cash received</u> after deducting the credit card fee from sales revenue.
The fee charged by credit card company is the <u>expense</u> for ApplianceWorld:
The fee would be charged at the purchase made by the customer i.e. $1,500×2% = $30
The cash that would be recovered to ApplianceWolrd will be $1,500 - $30 = $1,470 (net of the credit card fee).
<u>Journal entry</u>
Debit (increase) Cash $1,470
Debit (increase) Expense - Credit card fee $30
Credit (increase) sales revenue - $1,500
Answer:
Based on the options you have mentioned under the "comments" section, I'd choose option A. Its not useful to let social media influence you and do the deciding for you!
Explanation:
Looking at the price, comparing the cost and quality of various similar products, reading and analyzing the product reviews are all great ways to be informed and educated before spending your hard earned cash on something.
However, getting influenced through social media or through any media and letting the fancy words, graphics and quotes in marketing campaigns cloud your rational judgement is not very wise (its actually Stupid!) of course they influence you in some way, yet you must always decide rationally through logical reasoning.
Do I really need this? Are there any other products with the same quality at a lower price? Why is this so expensive? How long will it last? are some of the other basic questions you should answer before making a purchase. In the process of fining answers to such questions, you'll eventually make an informed purchase!
A private not-for-profit entity estimated its Allowance for Contractual Adjustment. During the next year, the hospital found that the actual total of contractual adjustments applied to receivables on hand at the end of the previous year was $4,000 higher than the estimate. How should the difference be reported
Answer:
C. Automation
Explanation:
The situation explained in the question perfectly explains Automation. New technologies and advancements lead to more efficient and advanced procedures and processes, particularly when such procedures and processes require very little human interaction or assistance. Now if we talk about the manufacturing industry, procedures like CAD (computerized aided design), CAM (computer aided manufacturing) and EDI (electronic data interchange) have pretty much eased and transformed the manufacturing procedures and environments.
Job exportation mostly relates to employment in international corporations usually located in growing and developed countries.
Outsourcing is the contracting out of certain aspects of business to third party specialist organizations who mostly specialize in that particular work domain.
Offshoring is the transfer and reallocation of SBU (strategic business units) from one country to another.
