1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
AlladinOne [14]
3 years ago
13

Wiley Consulting purchased $7,800 worth of supplies and paid cash immediately. Which of the following general journal entrie wil

l Wiley Consulting make to record this transaction? Assume the company's policy is to Initially record prepaid and unearned Items In balance sheet accounts. Multiple Choice Accounts
Accounts Payable 7,800
Supplies 7, 800
Business
1 answer:
mel-nik [20]3 years ago
4 0

Answer: Debit Supplies and Credit Cash

Explanation: From the above question, Wiley paid cash for the supplies and in accounting you debit the receiver and credit the giver.

In the question above, the supplies account is receiving value while the cash is giving value. Then the right journal entry is to Debit supplies and credit cash.

You might be interested in
Pharma One’s analgesic drug KleenKare has a 50% share in the analgesics market in the country of Syria. Its closest competitor,
elixir [45]

Answer:

Pharma One

The statement that indicates that KleenKare is a cash cow according to the the Boston Consulting Group (BCG) matrix is:

2. The demand for analgesic drugs in the Syrian market is expected to maintain a low-growth, high-share status.

Explanation:

A cash cow depicts the BCG matrix quadrant where there are higher returns, high market share in a low-growth market.  The cash cow requires little investment to generate high returns.  It also provides the cash for financing the other quadrants (dogs, stars, and question marks).  Basically, the BCG matrix, also known as the Growth/Share Matrix, depicts the products' growth opportunities.

4 0
3 years ago
When you finish your budget, you should have:
Basile [38]

Answer:

Zero balance

Explanation:

Because you finished all your money.

5 0
3 years ago
Read 2 more answers
The previous value of a portfolio that must be regained before a hedge fund can charge their investors performance fees is known
Margarita [4]

Answer:

high watermark

Explanation:

A high watermark refers to the mark at which the investment could be reached at a high peak. It to be calculated on that date when the performance fees are charged and it could be charged only on that case when there is a rise in the value of the portfolio

Moreover,  in the high watermarks there is no need to pay the performance based fee when there is a poor performance

Therefore the given situation represent the high watermark

4 0
3 years ago
Your parents will retire in 29 years. They currently have $200,000 saved, and they think they will need $2,400,000 at retirement
zhannawk [14.2K]

Answer:

8.95%

Explanation:

Data provided in the question:

Time, n = 29 years

Principle amount = $200,000

Future value = $2,400,000

Now,

Using the compounding formula

Future value = Principle × [ 1 + r ]ⁿ

here,

r is the interest rate

Thus,

$2,400,000 = $200,000 × [ 1 + r ]²⁹

or

[ 1 + r ]²⁹ = 12

taking the natural log both the sides, we have

29 × ln(1 + r) = ln(12)

or

ln(1 + r) = 0.08569

or

1 + r = e^{0.08569}

or

1 + r = 1.0895

or

r = 0.0895

or

r = 0.0895 × 100% = 8.95%

3 0
3 years ago
Keisha is renting a one-bedroom apartment but allows her best friend to move in and pay $200 per month to sleep on the couch for
sasho [114]

Answer:

It would be A. None of these items.

Explanation:

Insurance would never cover a TV, headphones, and two laptops.

6 0
3 years ago
Other questions:
  • Which of the following is not considered a credit?
    15·1 answer
  • Jim saw a decrease in the quantity demanded for his firm's product from 8000 to 6000 units a week when he raised the price of th
    6·1 answer
  • Torres Company uses the gross method and a perpetual inventory system. Assuming the following entries, compute the amount that T
    9·1 answer
  • A concern voiced by critics of globalization is that today's increasingly interdependent global economy shifts economic power to
    9·1 answer
  • Where do banks get money to lend to borrowers?
    13·2 answers
  • On the worksheet, Accounts Receivable has a debit balance of $15,000 on the Unadjusted Trial Balance. In the Adjustments there i
    12·1 answer
  • A company incurs total costs of $8,000 to process Product A. The company can then sell Product A as is for total daily revenue o
    10·1 answer
  • Aquilera, Inc., has sales of $19.6 million, total assets of $14.6 million, and total debt of $5.4 million. The profit margin is
    11·1 answer
  • Select the FALSE statement from below: A. The National Response Framework explains how, at all levels, the nation effectively ma
    8·2 answers
  • Ehere is miley fans here i csnt see​
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!