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seraphim [82]
3 years ago
7

On March 8, Monty Candy Company bought supplies on account from the Arcade Fire Company for $664. Monty Candy Company incorrectl

y debited Equipment for $600 and credited Accounts Payable for $600. The entries have been posted to the ledger. the correcting entry should be _________.
Business
1 answer:
GalinKa [24]3 years ago
3 0

Answer:

Correcting Entry

March 8         Dr.       Cr.

Supplies     $664

Equipment             $600

Account Payable   $64

Explanation:

Entry Should be

March 8         Dr.       Cr.

Supplies     $664

Account Payable  $664

Entry Recorded

March 8         Dr.       Cr.

Equipment  $600

Account Payable  $600

Firs error is amount recorded as $600 rather $664 and the second is account of equipment debited rather the account of Supplies Inventory.

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Paul and Micheal sell magazine subscriptions by telephone. {aul is paid $1.00 for every five calls he makes, while Mike is paid$
BARSIC [14]

Paul and Micheal sell magazine subscriptions by telephone. Paul is paid $1.00 for every five calls he makes, while Mike is paid$1.00 for every subscription he sells, regardless of the number of calls he makes. Paul's telephoning is reinforced on a <u>fixed-interval</u> schedule, whereas Mike's is reinforced on a <u>variable-ratio</u> schedule.

<h3><u>What is a fixed-interval timetable?</u></h3>

The initial response is rewarded only after a predetermined period of time has passed in fixed-interval schedules. This schedule results in rapid responses near the end of the interval but slower responses right after the reinforcer are given. A fixed-interval (FI) schedule consists of two parts:

  • It calls for the passage of a certain amount of time before reinforcement will be supplied in response to a response, and
  • No response during the interval is reinforced; only the first response after the interval's completion is reinforced.
<h3><u /></h3><h3><u>What is the variable-ratio schedule?</u></h3>

A schedule of reinforcement known as a variable ratio schedule rewards a behavior after a predetermined number of responses. High, consistent response rates are the result of this type of timetable. Because they believe that the subsequent reaction might be the one they need to receive reinforcement, organisms are persistent in responding.

Learn more about the fixed-interval schedule with the help of the given link:

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5 0
2 years ago
Suzie Smith is a real estate sales associate. She is a top producer and likes to maintain her independence. She sets up her offi
Tems11 [23]

Answer:

No

Explanation:

Suzie's situation isn't workable because she is meant to be under the direct supervision of her broker no matter what her personal preference for independence.  

This is because should anything go wrong in any of her dealings, the brokers's license will be revoked. This means that the broker is directly responsible and accountable for her actions and as such must ensure that she is present at the office at all times.

Cheers.

8 0
3 years ago
A recent study conducted by the state government attempts to determine whether the voting public supports a further increase in
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8 0
3 years ago
When positive externalities are present in a market a. private benefits will be greater than social benefits. b. social benefits
Oxana [17]

Answer:

b. social benefits will be greater than private benefits

Explanation:

Positive externalities can be defined as those that produce positive effects for society in relation to the consumption of a good or service.

This is because the social benefit is the sum of the private benefit plus the sum of the external benefit.

An example of positive externality pertinent to the present is the fact that vaccinating people generates greater positive effects on society, because when vaccinating an individual there is less chance of having more people infected with some disease.

So it is correct to say that the social benefits will be greater than the private ones. Letter b.

5 0
3 years ago
The objectives of U.S. monetary policy are to achieve​ ______.
SSSSS [86.1K]

Answer:

A. maximum employment and stable prices

Explanation:

The Fed has various roles. Among its key objectives is to monitor the economy to ensure maximum sustainable economic growth. To achieve this growth, the Fed uses different monetary tools to regulate inflation and influence unemployment levels.

The Fed receives economic data from other government agencies that help it determine the appropriate cause of action. For example, if the bureau of labor statistics reports a high level of unemployment, it could mean the economy is slowing down. The Fed then applies expansionary policies to stimulate growth.  If inflation is low or very high, it affects price stability. The Fed has tools to regulate inflation.

4 0
3 years ago
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