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Yuki888 [10]
3 years ago
8

Samantha is the store manager of a sporting goods store. A customer came in to return a fishing reel because the reel did not wo

rk properly. In what type of account will Samantha record this transaction?
Business
1 answer:
Arturiano [62]3 years ago
8 0
The type of account Samantha should recod the transaction is the contra account.
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When preparing a journal entry for a transaction that affects retained earnings, the "Retained Earnings" account should not be d
Studentka2010 [4]

Answer:

True

Explanation:

As we know that the ending balance of retained earnings is computed by considering the following equation

= Starting balance of retained earnings + net income - dividend paid

Since the net income which is come by subtracting the expenses from the revenue and the dividend paid is debited or credited at the time of passing the journal entries instead of retained earning account because these above accounts are got affected.

Like expenses account are always debited while the income account are always credited

8 0
3 years ago
Write a two page essay on politics (also this is for glassaqt)
Art [367]

Answer:

The agrarian reform’s goal, in general, is to bring harmony between the rural and the urban

people. Agrarian reform is fundamental because of its economic gain of the country because

more than half the population is employed in the agricultural area. Agriculture is the primary

source of living, especially for the countries that are still in the process of developing. Tsarist

Russia failed to have peaceful relations with its citizens due to their unsuccessful agrarian law.

Bolsheviks planned to avoid such mistakes.

Making a change to the agrarian law was very important to not only the Bolsheviks but to the

Menshevik Georgians as well. For Russia, The First World War and the revolution crippled

Russia’s economy and brought instability and chaos to the country. The new Russian state

would mainly have to rely on the agrarian reform, because as mentioned before it brings

economic uprising to the country, and that is precisely what they needed. Support from the

working class and peasants was necessary if the crippled Bolshevik state was going to strive,

leading to the new government establishing the law that said that the control of the land would

be passed on to the lower class in the form of state collective farms.

The previous government failed to address the agrarian question and what the Bolsheviks

offered to the lower class, was acceptable to the majority of the citizens, although the promises

that were made were far from being perfect. The lower class wanted land divided up into

millions of smallholdings while the Bolsheviks trusted in collective farms worked on by the lower

class on behalf of the population. Lenin knew that if his Revolutions was going to live for a long

time, he needed to establish several things, such as: Winning over the peasants by offering

them the land that the previous government failed to do. While property was not exactly gifted to

the peasants, the new agrarian law meant that those who worked on the land after the 1917

Revolution had much more control over the way that land was farmed. The collective farms may

not have been a utopia for the peasants, but they were living better than they were, during the

former government. Lenin knew that he had to offer the lower class something that would be

unheard of in previous governments in order to gain the population's trust and keep the new

communist state in power.

In Georgia, on the other hand, there had been the usage of an ambitious, and mainly practical,

program to separate the large estates and distribute land to the landless lower class.

Hope this helps! Have a nice day!

3 0
3 years ago
Read 2 more answers
Suppose that this year a small country has a GDP of $100 billion. Also assume that Ig = $30 billion, C = $60 billion, and Xn = –
dexar [7]

Answer:

G = $20 Billion

Explanation:

Given that

C = $60 billion

GDP = $100 billion

Gross Investment = $30 billion

Net export = $10 billion

Recall that

GDP = C + Ig + G + Xn

Therefore

G = GDP - ( C + Ig + Xn )

G = 100 - ( 60 + 30 + [-10])

G = 100 - (90 - 10)

G = 100 - 80

G = 20

Thus, government expenditure is $20 billion.

8 0
3 years ago
A pattern of relationships and accountability between a superior and his or her subordinates is established by the process of:
crimeas [40]
Delegation of Authority

The delegation of authority is having upper level management funnel tasks and information through their chain. Delegation is assigning someone below them (usually) a task to complete. 

Often the delegation of authority looks like this:
Top level management
Middle level employee
Low level employee
Operating level employee
7 0
3 years ago
A hospital revenue bond issue is being underwritten on a negotiated basis. The offering consists of $100,000,000 par value of te
GenaCL600 [577]

Answer:

The syndicate member earns $20.

Explanation:

When bonds are sold directly to the public, the syndicate member earns the total takedown. Total takedown refers to the selling concession plus the additional takedown $22.00 + $20.00 = $42.00.

In this question, it indicated that a selling group was used to find customers. This means that the syndicate member will not earn the total takedown because he has given up his selling concession of $22.00 to the selling group member, leaving the syndicate member to earn only the additional takedown of $20.

3 0
3 years ago
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