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Gekata [30.6K]
3 years ago
13

On behalf of Bobble Head Manufacturing Company, Carmela types her name at the bottom of an e-mail purchase order and submits the

order to Designer Parts Company. Under the UETA, Carmela’s typed name qualifies as Group of answer choices
Business
1 answer:
Paladinen [302]3 years ago
8 0

Answer:

A signature.

Explanation:

On behalf of Bobble Head Manufacturing Company, Carmela types her name at the bottom of an e-mail purchase order and submits the order to Designer Parts Company. Under the UETA, Carmela’s typed name qualifies as signature.

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For each of the following transactions for New Idea Corporation, give the accounting equation effects of the adjustments require
Lapatulllka [165]

Answer:

first I will journalize the adjustments:

a. Received a $510 utility bill for electricity usage in July to be paid in August.

Dr Utilities expense 510

    Cr Accounts payable 510

b. Owed wages to 15 employees who worked two days at $55 each per day at the end of July. The company will pay employees at the end of the first week of August.

Dr Wages expense 1,650

    Cr Wages payable 1,650

c. On July 1, loaned money to an employee who agreed to repay the loan in one year along with $660 for one full year of interest. No interest has been recorded yet.

Dr Interest receivable 660

    Cr Interest revenue 660

effects on the accounting equation:

    Assets                =                        Liabilities           +      Equity

a.     0                                                 510                             -510

b.     0                                               1,650                         -1,650

<u>c.     660                                              0                               660</u>

       660                                           2,160                         -1,500

    Revenue        -           Expenses          = Net income         Cash flow

a.    0                                    510                      -510                   0 OA

b.    0                                 1,650                   -1,650                   0 OA

<u>c.    660                                 0                         660                   0 OA</u>

      660                             2,160                   -1,500                  0 NC

3 0
3 years ago
The Gramm-Leach-Bliley Act
Feliz [49]

Answer: a. requires financial institutions to ensure the security of customer data.

Explanation:

The Gramm–Leach–Bliley Act (GLBA), which is also known as the Financial Services Modernization Act of 1999 is an act of the 106th United States Congress.

The Act requires that Financial Institutions such as commercial banks, investment banks, securities firms, and insurance companies under the FINANCIAL PRIVACY rule ensure that they explained their information sharing principles of their customers' information to their customers and to safeguard sensitive data.

7 0
3 years ago
The Bob Buckham Senior Center, a not-for-profit entity, serves a hot meal to senior citizens every Friday evening. All the food
elena-14-01-66 [18.8K]

Answer:

c. Report $10,000 revenue and expense | Disclose in the notes

Explanation:

Not-for-profit entities must report the fair value of all the goods they receive as donations. in this case, they would have to report the $10,000 worth of food received from a local supermarket. But they are not required to report the value of volunteer work, they only have to disclose it on the footnotes of their financial statements.

4 0
3 years ago
Product or Service Costing influences: Group of answer choices production managers making manufacturing decisions. all of the ot
OLEGan [10]

Answer: marketing managers making pricing decisions.

Explanation:

Management's product and service choices and decisions can influence the cost behavior. The product design, location of plant, technology used in developing a product, product quality, features of product, distribution of product, profit margins, incentives, labor daily wages, and other factors all can influence the cost and pricing decisions of the product.

6 0
3 years ago
On March 15, a fire destroyed Blossom Company's entire retail inventory. The inventory on hand as of January 1 totaled $5300000.
Svet_ta [14]

Answer:

The value of inventory destroyed=$4,082,000

Explanation:

<em>The value of the inventory destroyed is the difference between the the cost of the total goods available for sale and the cost of goods sold</em>

The value of inventory destroyed = cost of goods available for sale - value of inventory sold

Cost of goods sold = 3540,000 - (20%×  3540,000)= 2,832,000

The cost of goods available for dale = opening inventory + purchases + freight charges

$5300000 + $1432000 +  $182000 = 6,914,000

The value of inventory destroyed = 6,914,000 - 2,832,000 = 4082000

The value of inventory destroyed=$4,082,000

7 0
3 years ago
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