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3 years ago

The following errors took place in journalizing and posting transactions:

Business

1 answer:

seropon [69]3 years ago

7 0

Answer and Explanation:

The journal entries are given below:

a. Cash A/c Dr 17600

To Fees earned 8800

To Accounts Receivable 8800

(being wrong entry made, now rectified)

Accounts Payable Dr 1760

To Supplies Expense 1760

Supplies a/c Dr 1760

To Cash 1760

(being wrong entry made, now rectified)

These 3 entries should be recorded for the two parts

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The major issues in the __________ stage of team development concern how the tasks and responsibilities will be divided among me

defon

Answer:

3rd stage or Norming stage of group development.

Explanation:

3rd stage or Norming stage of group development.

In this stage responsibilities among group member is divided on the basis of their skills. During this stage members start to cooperate with other co members. A bonding among the members is start to developed which result in understanding each other contribution and identity. The main advantage of this understanding is that conflicts and misunderstanding issues has been resolved at faster rate.

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4 years ago

The foreign exchange rate is:

ElenaW [278]

Answer:

Option C: the price of one country's currency in terms of another country's currency

Explanation:

Exchange rate is simply the rate at which one currency is converted into another currency. foreign exchange market is said to be a market for changing or converting the currency of one country into that of another country. It enables conversion of the currency of one country into the currency of another and provides some insurance against foreign exchange risk.

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3 years ago

At the beginning of the video, we learn that Rosalie’s sales numbers have declined. The Marketing Director, Product Development

Volgvan

Answer:

The answer is letter A. Environmental Scanning.

Explanation:

At the beginning of the video, we learn that Rosalie’s sales numbers have declined. The Marketing Director, Product Development lead, and Sales Manager proceed to engage in a broad discussion of the different factors that may have led this decline. They are engaging in a process known as _Environmental Scanning._______.

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4 years ago

Which of the following are acceptable to use as references on a resume/job application? A. Past employers B. Teachers C. Family

Kaylis [27]

The correct option is D.
When writing a resume or an application letter, the only kind of people that one can use as referees are teachers and employers. These people are considered suitable as referees because they will be able to give honest account of one's capacity and intelligence.

4 0

3 years ago

Read 2 more answers

Compute the payback period for each of these two separate investments:

Gnesinka [82]

Answer:

A. 1.89 years

B. 2.33 years

Explanation:

According to the scenario, computation of the given data are as follows,

(A) After-tax income = $72,115

Expected cost = $250,000

Useful life = 4 years

Salvage value = $10,000

Depreciation Value = ($250,000 - $10,000) ÷ 4 = $60,000

Annual net cashflow = After tax income + Depreciation

= $72,115 + $60,000 = $132,115

Payback Period = Machine expected cost ÷ Annual net cash flow

= $250,000 ÷ $132,115

= 1.89 years

(B) After-tax income = $39,000

Machine cost = $200,000

Useful life = 8 years

Salvage value = $13,000

Depreciation value = ($200,000 - $13,000) ÷ 4 = $46,750

Annual net cashflow = After tax income + Depreciation

= $39,000 + $46,750 = $85,750

Payback Period = Machine expected cost ÷ Annual net cash flow

= $200,000 ÷ $85,750

= 2.33 years

4 0

3 years ago