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Lelu [443]
4 years ago
12

Classify the following item as belonging in the revenue, expenditure, human resources/payroll, production, or financing cycle:

Business
1 answer:
Semmy [17]4 years ago
6 0

Answer:

d. Establish a $10,000 credit limit for a new customer

s. Collect payments on customer accounts

r. Sell a DVD player

l. Sell concert tickets

a. Purchase raw materials

e. Pay for raw materials

o. Pay utility bills

Expenditure

c. Hire a new assistant controller

f. Disburse payroll checks to factory workers

k. Record factory employee timecards

n. Send new employees to a business ethics course

q. Pay federal payroll taxes

u. Pay sales commissions

Human Resources/Payroll

g. Record goods received from a vendor

j. Complete a picking ticket for a customer order

i. Decide how many units to make next month

v. Send an order to a vendor

w. Put purchased goods into the warehouse

Production

b. Pay off mortgage on a factory

h. Update the allowance for doubtful accounts

m. Draw on line of credit

p. Pay property taxes on an office building

t. Obtain a bank loan

Financial Cycle

Explanation:

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If the government should impose the per unit tax, the parts that would be affected are the average variable cost and the average cost

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This is the tax that is imposed per unit or on each unit of a good that has being sold or a service that has been rendered.

This is the type of tax that would affect the average variable cost and the average cost.

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The __________ system is a free online service that allows employers to check the legal status of their employees.
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The answer is E-verify.

The E-verify system is a free online service that allows employers to check the legal status of their employees.

What is E-verify system?

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4 0
2 years ago
The Lancet, a leading medical journal, published a paper on a possible link between autism in children and the measles, mumps, r
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Answer: The correct answers are "A. The study included a large number of children who had been immunized against MMR and showed signs of autism", "D. The MMR vaccine contains themerosal, a preservative known to increase the risk of autism" and "C. The survey was conducted on a large group whose members were randomly selected ".

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7 0
3 years ago
At the beginning of Year 2, Oak Consulting had the following normal balances in its accounts:
kvv77 [185]

Answer:

    Cash                                                  Accounts receivable

    debit              credit                          debit              credit

    42,000                                              25,000

c.  140,000                                       a.   185,000

d.                        120,000                 <u>c.                         140,000</u>  

<u>e.                        31,400   </u>                      70,000

    30,600

    Service revenue                               Accounts payable

    debit              credit                          debit              credit

a.                         185,000                                            8,400

    <u>185,000                       </u>                b.                        45,800

       0                     0                        <u>e.   31,400                      </u>

                                                                                    22,800

    Common stock                                 Retained earnings

    debit              credit                          debit              credit

   <u>                        24,000</u>                                              34,600

                           24,000                  f.   10,000

                                                              <u>                        19,200</u>

                                                                                      43,800

    Operating expenses                        Salaries expenses

    debit              credit                          debit              credit

b.  45,800                                         d.  120,000                  

<u>                            45,800</u>                       <u>                      120,000</u>

       0                      0                                  0                    0                      

in order to determine the balance of the retained earnings account at the end of the year, we must first close all the temporary accounts:

Dr Service revenue 185,000

    Cr Income summary 185,000

Dr Income summary 165,800

    Cr Operating expenses 45,800

    Cr Salaries expense 120,000

Dr Income summary 19,200

    Cr Retained earnings 19,200

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