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Oduvanchick [21]
3 years ago
15

1. B. Journalize the transactions for May, starting on Page 20 of the journal.*

Business
1 answer:
jeyben [28]3 years ago
8 0

Answer:

Rent Expense (Dr.) $5,000

Cash (Cr.) $5,000

Inventory (Dr.) $35,380

Accounts Payable Martin Co. (Cr.) $35,380

Accounts Receivable Korman Co. (Dr.) $62,000

Sales (Cr.) $62,000

Cost of Goods Sold (Dr.) $48,500

Inventory (Cr.) $48,500

Explanation:

Advertising Expense (Dr.) $21,800

Cash (Cr.) $ 21,800

Cash (Dr.) $62,000

Accounts Receivable Korman Co. (Cr.) $62,000

Customer Refund Payable (Dr.) $31,500

Cash (Cr.) $31,500

Sales Salaries Expense (Dr.) $12,000

Office Salaries Expense (Dr.) $ 38,000

Cash (Cr.) $50,000

Store Supplies Expense (Dr.) $2,200

Cash (Cr.) $2,200

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What is the purpose of the color coded tape located at the front entrance of
irina1246 [14]

Answer:

D. None of the above

Explanation:

The color-coded tape are used at the front entrance of  Dollar General stores is a way to attract the customers in the store.

The color-coded tape attracts customers and shows the safety information to customers directly at the point.

Hence, the correct option is "D. None of the above".

8 0
3 years ago
What is the basic objective of monetary policy? What are the major strengths of monetary policy? Why is monetary policy easier t
Mars2501 [29]

Answer: The answers to the question are provided below.

Explanation:

The basic objective of the monetary policy is to achieve economic growth, full employment, and price stability in an economy. The major strengths of the monetary policy are its flexibility and speed when compared to fiscal policy. Monetary policy is faster to implement and brings about desired changes faster.

Monetary policy is easier to conduct than fiscal policy because:

• Monetary policy is implemented by independent monetary authorities. Therefore, unpopular decisions such as the increase of interest rates to decrease inflationary pressure can be used.

• Fiscal Policy is the use of taxation and government spending to control economic activities but it is difficult to get a department that is willing to have its spending cut in order to help the economy.

• Increasing taxes will always be unpopular among individuals and firms and increasin corporations and income tax may lead to supply side effects. For example, increasing income tax may lead to the reduction in the incentives to work.

Fiscal and monetary policies are both effective. In a deep recession and a liquidity trap, the fiscal policy can be more effective than the monetary policy because the government creates job, pays for new investment schemes, rather than relying on the use of monetary policy to indirectly motivate businesses to invest. Likewise, the monetary policy is also more flexible and faster.

4 0
3 years ago
If an organization wishes to comply with the law and still increase the diversity of its workforce, it should ___________. selec
Mama L [17]

Answer:

The answer is use recruitment as a tool for attracting a more diverse and qualified applicant pool.

Explanation:

When it comes to increasing diversity in a company based on race, gender, sexual orientation and other demographic characteristics, the best way for a company to do this would be recruiting external candidates. De-emphasizing KSAO selection processes should be avoided because it would lead to a decrease in workforce quality in terms of their abilities to complete the job that they were hired for. Using subjective prediction methods should not be employed in the first place because it would instead create a possible avenue for a lawsuit.

6 0
3 years ago
Wendy was awarded a volleyball scholarship to the university of michigan, so on graduation her parents gave her the dollar-sign
luda_lava [24]

Total investment = $19000

Three investments

A. 10% per annum = $X

(Assumed simple interest, since compounding period not known)

B. low risk stock at 2% = (19000-X)/2

C. high risk stock at 40% = (19000-X)/2

Value at the end of one year

10%(X)+2%(19000-X)/2+40%(19000-X)/2 = 22440-19000

Simplify

0.1X+190-0.01X+3800-0.2X=22400-19000

0.11X=3990-3440

X=550/0.11=5000

So investments are $5000 on private company, (19000-5000)/2=7000 on low risk, and 7000 on high-risk.


6 0
3 years ago
Assume each gallon of gasoline that is produced gives rise to an external cost of $1.25. On any given day, the production of the
Korolek [52]

Answer:

the private cost of the 10,000th gallon is $2.25

Explanation:

The computation of the private cost is shown below:

Private marginal cost is

= Social marginal cost - External cost

= $3.5 - $1.25

= $2.25

hence, the private cost of the 10,000th gallon is $2.25

We simply applied the above formula so that the correct value could come

And, the same is to be considered

3 0
3 years ago
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