Answer and Explanation:
The Journal entry is shown below:-
1. Jul 15
Cash Dr, $29,960
To Sales revenue $24,000
To Sales tax payable $960
($24,000 × 4%)
(Being sales is recorded)
2. Jul 15
Cost of goods sold Dr, $12,000
To Merchandise inventory $12,000
(Being cost of goods sold is recorded)
3. Aug 01
Sales tax payable Dr, $960
To Cash $960
(Being payment of sales tax is recorded)
4. Nov 03
Cash Dr, $720.00
To Unearned ticket revenue $720.00
(Being sale of advance tickets is recorded)
5. Nov 20
Unearned ticket revenue Dr, $120
(
$720 ÷ 6)
To Ticket revenue $120
(Being ticket revenue is recorded)
<span>The type of work that
Derrick is engaging on is edgework. The edgework is a work in which a person
takes risk in activities or in his or her line of work. It could be seen in the
scenario above of which Derrick has to go through just to deliver his messages
of which are his tasks in his line of work.</span>
Answer:
A) there was no way to foresee that the incident would happen.
Explanation:
Wayne hadn't done anything wrong before in the company, his behavior at the workplace could be described as very good; no complaint in 20 years and no criminal record what so ever. If Wayne was frustrated about his job, he disguised it very well. No one can predict this type of behavior if the person shows no prior signs of violence or frustration.
Answer:
The correct answer is c. Management Information System.
Explanation:
A Management Information System is a computer system that gathers, stores, analyzes, displays and reports data with the purpose of aiding decision-makers to be informed and make high quality decisions that are useful to a company. It consists of:
- People, that take advantage a MIS to make effective decisions.
- Hardware, physical structure that supports the MIS.
- Software, computer programs that aid in all the processes to handle the data e.g. analysis, retrieval, etc.
- Databases, that store the data of a MIS.
The information can be related to any area of the company, for example Research & Development (R&D), Marketing, Finances, Project development, Human Resources, etc.
The use of a MIS allows a company to have easy access to information, fast data processing and information retrieval, accurate data analysis, reduction of duplicates and reliable backup for the information stored.
Answer:
The Seller would be primarily liable
Explanation:
Since in the question, it is mentioned that the seller had sold a house to a buyer for taking up the loan i.e. based on a subject. But after two years the buyer does the default and does not pay the money.
Therefore for lending the note, the seller is primarily liable as the seller permit the buyer for taking the loan
