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3 years ago

Identify each of the following as Asset, Liability, or Equity.

Business

1 answer:

adoni [48]3 years ago

3 0

Answer:

a. Accounts Payable Liability

b. Cash Asset

c. Common Stock Equity

d. Accounts Receivable Asset

e. Rent Expense Equity

f. Service Revenue Equity

g. Office Supplies Asset

h. Dividends Equity

i. Land Assets

j. Salaries Expense Equity

Explanation:

Assets:

The assets will be the property, plant and equipemnt owned by the company or the right or claim it has on third party to provide cash in favor of the company (accounts receivables) or services ( prepaid insurance)

Liabilities:

Will be debt or obligation to do taken from the company in exchange of soemthing

Equity:

The equity will represent the investment of the owner plus the accumualted earning thus, the revenus and income have impact on equity.

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Hotel California Hotel California is a luxury hotel which has just got a new manager, Rocky. Given its location and quality, the

harkovskaia [24]

Answer:

Hotel California

a) The cost of reserving too little by one, (the underage cost) Cu

= $100

b) The cost of reserving too much by one, (the overage cost) Co =

= $200

c) The optimal service level

= 0.33

d) The number of rooms that should be reserved for last-minute customers, Q

= 3

Explanation:

a) Data and Calculations:

Charges per room per night (purchase cost) = $200

Charges for last-minute requests per room per night (selling price) - $300

Value of unsold reserved rooms (Salvage value) = $0

Minimum of last-minute customers, Min = 1

Maximum of last-minute customers, Max = 10

a) The cost of reserving too little by one, (the underage cost) Cu = Selling price - Purchasing cost

= $300 - $200

= $100

b) The cost of reserving too much by one, (the overage cost) Co = Purchasing cost - Salvage value

= $200 - $0

= $200

c) The optimal service level = Cu/Co+Cu

= $100/$200 + $100

= $100/$300

= 0.33

d) The number of rooms that should be reserved for last-minute customers, Q

= Cu/Co+Cu (Max - Min) + Min

= 0.33 * (10 - 1) + 1

= 0.33 * (10)

= 3

7 0

3 years ago

Townson Company had gross wages of $200,000 during the week ended December 10. The amount of wages subject to social security ta

Lina20 [59]

Answer:

1. Dr Wages Expense200,000

Cr Social Security Tax Payable 10,800

Cr Medicare Tax Payable 3,000

Cr Employees Federal Income Tax Payable 32,000

Cr Wages Payable 154,200

2. Dr Payroll Tax Expense15,264

Cr Social Security Tax Payable10,800

Cr Medicare Tax Payable3,000

Cr State Unemployment Tax Payable 1,272

Cr Federal Unemployment Tax Payable 192

Explanation:

1. Preparation of Journal entry to record the payroll for the week of December 10.

Dr Wages Expense200,000

Cr Social Security Tax Payable 10,800

($180,000 x 6%)

Cr Medicare Tax Payable 3,000

($200,000 x 1.5%)

Cr Employees Federal Income Tax Payable 32,000

Cr Wages Payable 154,200

[200,000-(10,800+3,000+32,000)]

2) Preparation of the Journal entry to record the payroll tax expense incurred for the week of December 10.

Dr Payroll Tax Expense15,264

(10,800+3,000+1,272+192)

Cr Social Security Tax Payable10,800

Cr Medicare Tax Payable3,000

Cr State Unemployment Tax Payable 1,272

($24,000 x 5.3%)

Cr Federal Unemployment Tax Payable 192($24,000 x 0.8%)

6 0

3 years ago

Identify and analyze a department in your organization that experiences frequent equipment or process failures. If you are not c

lord [1]

Answer:

Find the explanation below.

Explanation:

The name of my organization is Prime Plc. known for the production of confectionaries. The Production Department in my organization has been experiencing frequent equipment failures quite recently. A close investigation showed that the delays were caused by a breakdown of the sugar mills, mixers and, coating machines. This has resulted in delays in the production process. To improve these failures, I believe that the organization should:

1. Employ Technicians who can quickly carry out repair work on these machines when they breakdown instead of outsourcing the repair work for this would take a longer amount of time to get the machines up and running.

2. Introduce the periodic maintenance of these machines. Machines are subject to wear and tear, so I would suggest that the maintenance of these machines is carried out within intervals of three months.

3. Train the production personnel on the proper usage of these machines. Production personnel should be updated on current and effective ways of handling machines so as to guarantee their safety and longer use.

4. Make provisions for backup machinery and equipment. The organization would do well to purchase backup equipment especially for machines that the organization cannot do without so that in the event of an equipment failure, the production process would not be stalled.

When these measures are considered, there would be a significant improvement in the production department.

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3 years ago

____ combines all the promotional tools employed by a firm into one comprehensive and unified promotional strategy.

photoshop1234 [79]

Answer: Promotion mix

Explanation: In simple words, promotion mix can be defined as a group of tools used by an organization for their promotional practices which further leads to accomplishment of organisational objectives. It is seen as subset of marketing mix.

Promotion mix is a group of activities related to advertising, public relations,sales promotion, direct marketing and personal selling.

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3 years ago

explain how the looting of shops and malls will affect businesses in terms of the relationship between social responsibility and

ololo11 [35]

The main purpose of a business is to make profit. A businessmen will feel secure to operate his business activities in a country where he feels himself and his business activities secure.

When the shops and malls are looted in a country, the businessmen will have feeling of insecurity and so they will shut down their business activities because whatever profits they make from running business, it is looted by robbers.

There is always some social responsibility of the citizens that even in case of emergency situations they should not be unethical activities and indulge in criminal activities.

Learn more at brainly.com/question/24383317

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3 years ago