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AfilCa [17]
4 years ago
11

Jay and jim spears own a lawn irrigation system business. they perform installations and maintenance of these systems. several o

f their customers are golf courses, but they serve a large group of residential customers as well. when they started the business ten years ago, they made a pact to always operate within the legal limits of the law, but lately, the competition is eating them alive. local competitors have hired illegal immigrants to perform the manual labor. they do not pay taxes on these employees - they just pay them in cash at the end of the week. employment taxes are a burden for small businesses. jay and jim do not want to hire illegal workers. there's a risk if you permit an illegal worker to drive a truck; or, if he/she has an accident on the job. you have just studied business ethics in your class. you inform this partnership that:
Business
1 answer:
inna [77]4 years ago
3 0
This partnership is that they are not taking a chance that a bigger problem may occur because they are indirectly setting the ethics code for their firm. They had the right decision because if they hire illegal workers, then it will just damage their business.
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Journalize entries for the following related transactions of Manville Heating & Air Company. Refer to the Chart of Accounts
Artyom0805 [142]

Answer:

See explanation section.

Explanation:

March 1,   Purchased     Debit      $90,000

Accounts payable        Credit     $90,000

<em>Note: To record the purchased on account.</em>

March 9,   Accounts payable   Debit  $90,000

Cash                                           Credit  $88,200

Purchased discount                  Credit  $1,800

Calculation: $90,000  - ($90,000 × 2%) = $88,200

<em>Note: To record the payment.</em>

March 11,       No journal entry required.

March 18,    Purchased     Debit   $10,000

Accounts payable             Credit  $10,000

<em>Note: To record the purchased on account.</em>

March 20,   Cash    Debit    $17,640

Refunds payable  Credit    $17,640

<em>Note: To record the return.</em>

8 0
3 years ago
peggy practices her gymnastics routine for a total of 21 hours.Each practice session is 1 and 3 4 hours.how many practices sessi
mylen [45]
7 practice sessions
3 0
4 years ago
Identify whether each account would appear on the Balance Sheet or the Income Statement.
Greeley [361]

Answer:

The income statement shows the income items and expense items that are earned by a company for an accounting period. The balance sheet shows assets, liabilities, and the ending balances of equity items. The statement of changes in stockholders equity shows the changes of equity accounts, such as retained earnings and common stock, from its beginning balance to its ending balance.  The statement of cash flows shows the inflow and outflow of cash for an accounting period.

Explanation:

4 0
3 years ago
The equilibrium point is at the confluence of the supply and demand curves. What does "confluence" mean?
sertanlavr [38]

Answer:

intersection point

Explanation:

Confluence means a meeting point or coming together. It is the point at which two or more variables join together. In the law of demand and supply, the equilibrium point is the level where demand meets supply. It is the intersection point of the demand and supply curves.

Confluence point of demand and supply curves will mean the quantity demanded and the quantity supplied will be equal. The confluence point will give a price and quantity acceptable by both buyers and suppliers. As the confluence of demand and supply curves, buyers are willing and able to purchase all the quantities firms are selling at that price level.

5 0
3 years ago
The accounts receivable turnover rate: A) Indicates the proportion of a company's accounts receivable that the independent audit
riadik2000 [5.3K]

Answer:

B) Indicates how many times the receivables were converted into cash during the year.

Explanation:

Account receivable Turnover is a ratio which shows that how many times the account receivable is converted into cash in a given period of time. It shows the efficiency of recovery from customer by a company. A company with higher turnover ratio is considered to more profitable and its liquidity is higher. A company with lower Turnover will have low profits and may face liquidity problems.  

5 0
3 years ago
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