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3 years ago

What does the word Psychology means ?

2 answers:

6 0

The prefix psych, means to deal with the mind; ology means the study of. Put them together and you get the definition: the study of the mind.

nevsk [136]3 years ago

5 0

Psychology is the study of behavior and the minds functions.

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A bank has $8,000 in deposits and $6,000 in loans. it has loaned out all it can given the reserve requirement. it follows that t

True [87]

<span>The reserve requirement, which is also referred to as the cash reserve ratio, is 25 percent. This is calculated by subtracting the $6,000 loaned out from the bank's $8,000 in deposits, yielding a reserve of $2,000. The reserve requirement is calculated by dividing $2,000 by $8,000.</span>

4 0

3 years ago

On October 14, the Patrick Company sold merchandise with an invoice price of $1,200 ($770 cost), with terms of 2/10, n/30, to th

Anna11 [10]

Answer:

Patrick Company

Journal Entries:

Oct. 14: Debit Accounts receivable (Baxter Company) $1,200

Credit Sales revenue $1,200

To record the sale of goods on account, terms of 2/10, n/30.

Oct. 14: Debit Cost of goods sold $770

Credit Inventory $770

To record the cost of goods sold.

Oct. 18: Debit Sales returns $220

Credit Accounts receivable (Baxter Company) $220

To record the return of goods (wrong size) by Baxter.

Oct. 18: Debit Inventory $170

Credit Cost of goods sold $170

To record the cost of goods returned.

Oct. 24: Debit Cash $960

Debit Cash discounts $20

Credit Accounts receivable (Baxter Company) $980

To record the receipt of check on full settlement, including discounts.

Explanation:

a) Data and Calculations:

Oct. 14: Accounts receivable (Baxter Company) $1,200 Sales revenue $1,200, terms of 2/10, n/30.

Oct. 14: Cost of goods sold $770 Inventory $770

Oct. 18: Sales returns $220 Accounts receivable (Baxter Company) $220

Oct. 18: Inventory $170 Cost of goods sold $170

Oct. 24: Cash $960 Cash discounts $20 Accounts receivable (Baxter Company) $980

7 0

3 years ago

Mark Paxson maintains that the statement of cash flows is an optional financial statement. Do you agree? Explain.

AlekseyPX

Answer:

I Disagree

Explanation:

The statement of cash flows is of extreme importance for a company and its stakeholders (especially investors). It shows how activities affecting the balance sheet and the financial statement also affect cash and cash equivalents, and while it is true that the balance sheet has an account under that name, it does not provide enough detail.

The statement of cash flows on the other hand details how much cash the company gets from financing, operating, and investing activities, and from this information, a potential investor can make crucial analysis when determining whether to invest or not.

6 0

3 years ago

Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses a

mezya [45]

Answer:

Allocated salary to Grinding = $18,000

Explanation:

<em>The Salary would be allocated between the department using the number f employees as the basis of allocation. This is so because number of employees would be a reasonable factory that influences the amount incurred as salary expense.</em>

This is done as follows:

Allocated Salary expense =

Number of employee in a department/Total employee× Salary

Allocated salary to Grinding Department

= 1500/2500× $30,000=$18,000

Allocated salary to Grinding = $18,000

4 0

3 years ago

A leader's most important job may be to transform the way the company does business so that it's more effective and efficient.

EleoNora [17]

TRUE. A leader's most important job may be to transform the way the company does business so that it's more effective and efficient.

7 0

3 years ago