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Anestetic [448]
3 years ago
6

Hokies uses the following accounts:

Business
1 answer:
Nadya [2.5K]3 years ago
8 0

Answer:

Explanation:

The indications are shown below:

1. Pay a cash dividend = dividend is debited and cash is credited

2. Pay rent in advance for the next three months = Prepaid account is debited and cash is credited

3. Provide services to customers on account = Account receivable is debited and service revenue is credited

4. Purchase office supplies on account = Supplies account is debited and account payable is credited

5. Pay salaries for the current month = Salaries expense is debited and cash is credited

6. Issue common stock in exchange for cash. = cash is debited and common stock is credited

7. Collect cash from customers for services provided in (3) above. = Cash is debited and account relevance is credited

8. Borrow cash from the bank and sign a note = Cash is debited and note payable is credited

9. Pay for the current month's utilities = Utilities expense is debited and cash is credited

10. Pay for office supplies purchased in (4) above = Account payable is debited and cash is credited

You might be interested in
The manufacturing overhead budget at Polich Corporation is based on budgeted direct labor-hours. The direct labor budget indicat
Anastasy [175]

Answer:

Total overhead cash disbursement= $155,160

Explanation:

Giving the following information:

The direct labor budget indicates that 7,500 direct labor-hours will be required in February. The variable overhead rate is $8.40 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $110,250 per month, which includes depreciation of $18,090.

First, we need to calculate the allocated variable overhead:

Variable overhead= 7,500*8.4= 63,000

Depreciation is not a cash disbursement:

Fixed overhead= 110,250 - 18,090= 92,160

Total overhead cash disbursement= 63,000 + 92,160= $155,160

8 0
3 years ago
. What do you understand by term “advertising”. What would happen if ethical advertisement is not followed by businesses? Explai
Blababa [14]

Answer:

Ethics means a set of moral principles which govern a person’s behavior or how the activity is conducted. And advertising means a mode of communication between a seller and a buyer.

Thus ethics in advertising means a set of well defined principles which govern the ways of communication taking place between the seller and the buyer. Ethics is the most important feature of the advertising industry. Though there are many benefits of advertising but then there are some points which don’t match the ethical norms of advertising.

An ethical ad is the one which doesn’t lie, doesn’t make fake or false claims and is in the limit of decency.

Nowadays, ads are more exaggerated and a lot of puffing is used. It seems like the advertisers lack knowledge of ethical norms and principles. They just don’t understand and are unable to decide what is correct and what is wrong.

The main area of interest for advertisers is to increase their sales, gain more and more customers, and increase the demand for the product by presenting a well decorated, puffed and colorful ad. They claim that their product is the best, having unique qualities than the competitors, more cost effective, and more beneficial. But most of these ads are found to be false, misleading customers and unethical. The best example of these types of ads is the one which shows evening snacks for the kids, they use coloring and gluing to make the product look glossy and attractive to the consumers who are watching the ads on television and convince them to buy the product without giving a second thought.

<em>Ethics in Advertising is directly related to the purpose of advertising and the nature of advertising. Sometimes exaggerating the ad becomes necessary to prove the benefit of the product. For e.g. a sanitary napkin ad which shows that when the napkin was dropped in a river by some girls, the napkin soaked whole water of the river. Thus, the purpose of advertising was only to inform women about the product quality. Obviously, every woman knows that this cannot practically happen but the ad was accepted. This doesn’t show that the ad was unethical. </em>

Ethics also depends on what we believe. If the advertisers make the ads on the belief that the customers will understand, persuade them to think, and then act on their ads, then this will lead to positive results and the ad may not be called unethical. But at the same time, if advertisers believe that they can fool their customers by showing any impractical things like just clicking fingers will make your home or office fully furnished or just buying a lottery ticket will make you a millionaire, then this is not going to work out for them and will be called as unethical.

Recently, the Vetican issued an article which says ads should follow three moral principles - Truthfulness, Social Responsibility and Upholding Human Dignity.

Generally, big companies never lie as they have to prove their points to various ad regulating bodies. Truth is always said but not completely. Sometimes its better not to reveal the whole truth in the ad but at times truth has to be shown for betterment.

Pharmaceutical Advertising - they help creating awareness, but one catchy point here is that the advertisers show what the medicine can cure but never talk about the side effects of that same thing or the risks involved in intake of it.

Children - children are the major sellers of the ads and the product. They have the power to convince the buyers. But when advertisers are using children in their ad, they should remember not to show them alone doing there work on their own like brushing teeth, playing with toys, or infants holding their own milk bottles as everyone knows that no one will leave their kids unattended while doing all these activities. So showing parents also involved in all activities or things being advertised will be more logical.

Alcohol - till today, there hasn’t come any liquor ad which shows anyone drinking the original liquor. They use mineral water and sodas in their advertisements with their brand name. These types of ads are called surrogate ads. These type of ads are totally unethical when liquor ads are totally banned. Even if there are no advertisements for alcohol, people will continue drinking.

Cigarettes and Tobacco - these products should be never advertised as consumption of these things is directly and badly responsible for cancer and other severe health issues. These as are already banned in countries like India, Norway, Thailand, Finland and Singapore.

Ads for social causes - these types of ads are ethical and are accepted by the people. But ads like condoms and contraceptive pills should be limited, as these are sometimes unethical, and are more likely to loose morality and decency at places where there is no educational knowledge about all these products.

(that is same question on my papers)

7 0
2 years ago
A free rider is a(n) Group of answer choices interest group that files an amicus curiae brief. person who enjoys the benefits of
SVETLANKA909090 [29]

Answer: Person who enjoys the benefits of a collective good, action, or service without any effort on their part.

Explanation:

In Economics, Free riders are people who benefit from resources and/or goods that are communal in nature and yet either do not pay or pay an insubordinate amount for enjoying same. Essentially they enjoy the benefits of a collective good without any effort on their part.

As a result, the good might become overused and degraded as it is not being maintained enough.

3 0
3 years ago
The degree to which a job is perceived to have a substantial impact on others inside or outside the organization is ________.
AURORKA [14]

The degree to which a job is perceived to have a substantial impact on others inside or outside the organization is Task Significance.

Task significance is defined as perception or believe that an individual's job implies a positive influence and well-being on other people. It states about the help provided to the work or other co-worker.

The impact created by this is characterized by support, help and optimizing the external work environment by an individual doing the job. It can be seen through giving opportunity to a particular employee to do the task.  

To learn more about Task Significance and other core job dimensions,

brainly.com/question/27328497

#SPJ4

6 0
1 year ago
Tamarisk Leasing Company signs a lease agreement on January 1, 2017, to lease electronic equipment to Carla Vista Company. The t
bixtya [17]

Answer:

a. $46,000

see the other answers in the explanation

Explanation:

(a) Fair value of leased asset to lessor $245,000

Less: Present value of unguaranteed residual value $24,335 X .63017

(present value of 1 at 8% for 6 periods) $15,335

Amount to be recovered through lease payments $229,665

Six periodic lease payments $229,665 ÷ 4.99271 $46,000*

*Present value of an annuity due of 1 for 6 periods at 8%.

b.

(c)

1/1/17

Lease Receivable 245,000

Cost of Goods Sold 229,665

Sales Revenue 229,665

Inventory 245,000

1/1/17

Cash 46,000

Lease Receivable 46,000

12/31/17

Lease Receivable 15,920

Interest Revenue 15,920

1/1/18

Cash 46,000

Lease Receivable 46,000

12/31/18

Lease Receivable 13,514

Interest Revenue 13,514

8 0
2 years ago
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