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barxatty [35]
2 years ago
12

In a supermarket, a vendor's restocking the shelves every Monday morning is an example of:________

Business
1 answer:
attashe74 [19]2 years ago
7 0

Answer:

it may be fixed order interval because the vendor is restocking every monday only.

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For each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense, (2) identify the
romanna [79]

Answer:

Please see explanation.

Explanation:

1. and 2.

                                  Type of accounts            Normal balance

a. Cash                                asset                            Debit

b. Legal Expense               expense                       Debit

c. Prepaid Insurance          asset                            Debit

d. Land                                asset                            Debit

e. Accounts Receivable     asset                            Debit

f. Dividends                         equity                          Debit

g. License Fee Revenue    revenue                      Credit

h. Unearned Revenue        liability                        Credit

i. Fees Earned                     revenue                      Credit

j. Equipment                        asset                           Debit

k. Notes Payable                 liability                        Credit

l. Common Stock                equity                          Credit

Journal entries to increase the balance:

                                                             Dr                          Cr

a. Cash                                            Cash                        Revenue

b. Legal Expense                     Legal expenses              Cash

c. Prepaid Insurance               Prepaid Insurance          Cash        

d. Land                                      Land                                Cash                                    

e. Accounts Receivable        Accounts receivable        Revenue

f. Dividends                           Retained earnings            cash

g. License Fee Revenue      Cash                                   License Fee Revenue

h. Unearned Revenue         Cash                                  Unearned revenue

i. Fees Earned                     Cash                                   Fees Earned

j. Equipment                        Equipment                          Cash

k. Notes Payable                Cash                                    Notes Payable

l. Common Stock                Cash                                    Common Stock

7 0
3 years ago
General mills offers three sizes of its popular cereal cheerios: 10-, 14-, and 18-ounce boxes, and they are priced at approximat
Marina86 [1]

General Mills sold three sizes of cereal cheerios at $2.99, $3.99, and $4.49 each. Selling tactic used by the company is psychology pricing. General Mills used this technique to encourage customers to respond on emotional levels rather than logical ones.

<span>Setting the price of the cereal at $2.99 is proven to attract more consumers than setting it at $3.00, even though the difference is only $.01. Consumers are said to put more attention on the first number on a price tag than the last. </span>

4 0
2 years ago
In your resume you need to mention the names and contact information of your previous employers under
GaryK [48]

Answer:

work history

Explanation:

4 0
3 years ago
You deposit $1,500 in a bank where you have a savings account. The bank
skad [1K]
Interest rate risk

Interest rate risk is the risk that arises for fixed-rate investments from fluctuating interest rates. How much interest rate risk a fixed-rate investment has depends on how sensitive its price is to interest rate changes in the market.
8 0
3 years ago
Grouper Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first ye
Fynjy0 [20]

Answer:

Feb-01

Dr Cash $4,368,000

Cr Prefered stock $2,080,000

Cr Paid-in capital in excess of par value-Preferred $2,288,000

Jul-01

Dr Cash $7,134,000

Cr Prefered stock $6,150,000

Cr Paid-in capital in excess of par value-Prefered $984,000

Explanation:

Preparation of the journal entries

Feb-01

Dr Cash(41,600 shares*$105) $4,368,000

Cr Prefered stock(41,600 shares*$50) $2,080,000

Cr Paid-in capital in excess of par value-Preferred $2,288,000

($4,368,000-$2,080,000)

Jul-01

Dr Cash(123,000 shares*$58) $7,134,000

Cr Prefered stock(123,000 sahres*$50) $6,150,000

Cr Paid-in capital in excess of par value-Prefered $984,000

($7,134,000-$6,150,000)

3 0
2 years ago
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