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allochka39001 [22]
3 years ago
15

Jensen Company has cash proceeds from sales of $8,400. This amount includes $400 of sales taxes. Give the entry to record the pr

oceeds. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Business
1 answer:
Levart [38]3 years ago
5 0

Answer:

Debit Cash account          $8,400

Credit Sales account         $8,000

Credit Sales tax payable      $400

Being entries to record cash proceeds from sale.

Explanation:

Since total cash received from the sale was $8,400, a debit entry for this amount is posted to the Cash account.

Of the amount received, $400 is for sales tax. This is a liability to the organization and as such a credit entry for sales tax payable of $400 is recorded until it is remitted.

The balance of $8000 is the actual amount to be recognized as sales.

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Advertising sales agents typically work under the direct supervision of a manager or supervisor.
wolverine [178]

Advertising sales agents typically work under the direct supervision of a manager or supervisor. True.

Initally, an advertising sales agent works under the direct supervision of a manager or supervisor. They are trained and coached by those who are experienced in the field. Once the sales agent has completed a set amount of hours (based on different agency requirements) they are no longer required to complete check-ins as often. These sales agents are then on their own most of the time by setting their own hours for work as long as they meet company goals.

4 0
3 years ago
A business is operating at 90% of capacity and is currently purchasing a part used in its manufacturing operations for $14.00 pe
yanalaym [24]

Answer

Option C

Decrease in cost   $132,672

Explanation:

T<em>o determine the increase or decrease in  costs associated with making, we will compare the relevant costs of the two options as follows</em>

<em>                                                                          $</em>

Variable cost of making                                10

Variable cost buying                                      <u>14</u>

Savings in  cost per from making                 4

Total cost savings (decrease)    4 × 33,168 = $132,672

Decrease in cost as result of making =$132,672

4 0
3 years ago
In the job performance formula Performance=M+A+E, what does M stand for?
Illusion [34]

<u>Answer: </u>Motivation

<u>Explanation:</u>

In the job performance formula M stands for motivation, A for Ability and skills E for Environmental obstacles. When the company's performance is stable over time because of the employee's performance then the employee's will be rewarded with huge incentives.

This model where Performance=M+A+E it denotes that the compensation benefits does not change the employee behavior towards his performance . Only these three factors determine his performance behavior. When these three factors are not met in enough then it reflects in inefficient performance of the employee.

8 0
4 years ago
David ungar holds a dunkin' donuts franchise. The terms of his franchise agreement require him to use only those ingredients fur
Andrej [43]

In a franchise, the franchisor allows the franchisee to  trade under its name and see its products for a fee  The franchisee pays an original fee to franchisor and a percentage of its profit for the privilege.So,since, Dunkin' Doughnuts is sharing its' brand name and image with David Ungar(his franchisee) it would definately want to improve it...at the least maintain it...David too is right on the other hand as there can be a possibility that he wants to use ingredients of a much higher quality than that provided.But dunkin' doughnuts can't still allow to do that as it has other franchisees to look after.Imagine that=>all the franchisees of dunkin' doughnuts use different ingredients with different quality..wouldn't this affects the image of the franchisor...also all the food items they sell will have a different taste depending on the ingredients.And if one of the franchisee buys cheap ingredients... thereby producing low quality out put ..the customers will not be satisfied...this will not only affect that franchisee but also the Brand image of the whole business worldwide.

To conclude,David may not be wrong with his idea but since dunkin' doughnuts is a big business with a good brand image...it has its' terms and requirements.

5 0
3 years ago
When a company is operating at capacity and they lose revenue from regular customers by accepting a special order, the loss of r
Elden [556K]

Answer:

An opportunity cost

Explanation:

The opportunity cost is the cost where the loss occurs from the benefit could have been enjoyed in the case when the best alternative choice was selected Since in the question it is mentioned that the company operating at a capacity and than lose revenue from the regular customers so it is an opportunity cost

3 0
3 years ago
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