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3 years ago

The accounts receivable credit column of the cash receipts journal is

1 answer:

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The accounts receivable credit column of the cash receipts journal is "posted in summary at the end of the month and by individual amounts on a daily basis".

Option: D

Explanation:

In general ledger the sums in the debit and credit column are reported personally. The calendar of receivable accounts is lists of all clients 'accounts, account balances, and total amount due. Here the accounts receivable credit column are those in which the cash receipts journal column is the sums that are added separately to the receivable ledger accounts. Although debit column accounts payable are those in which cash payments journal column is the sums that are added separately to the accounts payable ledger.

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Karen usually does not spend much time selecting gifts. However, when choosing a fountain pen for her husband's birthday this ye

Mamont248 [21]

Answer:

Option d: situational involvement

Explanation:

Types of Involvement

Product Involvement; message involvement, situational involvement

Product involvement

In this stage of involvement, consumer's level of interest in product is largely based on perceived risk and application to daily life. This is simply known as a product category that is of high personal relevance.

Message involvement

This is simply the effects the media has on consumers such as high involvement is equal to high cognitive effort required (newspaper) while low-involvement equal to low cognitive.

Situational Involvement

This is simply defined as the circumstances surrounding the purchase area that may temporarily change a low-involvement decision into a high-involvement one. High-involvement is therefore when the consumer perceives risk in a specific situation. This usually takes place at location where purchasing.

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3 years ago

GreenLawn Co. provides landscaping services to clients. On May 1, a customer paid GreenLawn $60,000 for 6-months services in adv

devlian [24]

Answer:

See answer below

Explanation:

Journal entry will be as follows.

Debit Cash Account $60,000

Credit Payables/Service Prepayment Account $60,000.

As service is being rendered on a monthly basis (monthly income = $\frac{60,000}{6} = 10,000$ ), the company will make the following journal entry.

Debit Payables/Service Prepayment Account $10,000

Credit Revenue $10,000.

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3 years ago

Suppose that the value of an investment in the stock market has increased at an average compound rate of about 5% since 1912. It

Fittoniya [83]

Answer:

FV= $159,840.60

Explanation:

Giving the following information:

Initial investment= $1,000

Number of years= 2016 - 1912= 104

Interest rate= 5%

To calculate the value of the investment today, we need to use the following formula:

FV= PV*(1+i)^n

FV= 1,000*(1.05^104)

FV= $159,840.60

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4 years ago

According to Hurka, which action would produce the greatest net gain of intrinsic good in the world?

Katarina [22]

Intrinsic good is something worthwhile not because it leads to something else, but for its own sake alone. So the answer isTaking someone from +7 to +8.

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4 years ago

Marcos owns 1,500 shares of ABC stock which he purchased at $44 a share. The stock has been steadily decreasing in value and he

ch4aika [34]

Answer:

Market sell order for 1,500 shares

Explanation:

The type of order that Marcos should place is Market sell order for 1,500 shares because he already owns 1,500 shares of the ABC stock in which the ABC stock shares was purchased at $44 per share.

Since the stock has been decreasing in value in which he wants to cut his losses now because the stock price may continue to decrease, the best thing for him to do is to use the Market sell order for the 1,500 shares in order to cut the losses that may arise and to avoid losing all the Total amount of the shares bought which is $66,000 ( 1,500 shares ×$44).

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3 years ago