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jeyben [28]
3 years ago
13

To minimize potential risks of harm, a researcher conducting an on-line survey can:

Business
1 answer:
Norma-Jean [14]3 years ago
8 0
To minimize potential risks of harm, a researcher conducting an on-line survey can d<span>esign the survey so that no direct or indirect identifiers are collected.
This way, there will be little or no risks of harm at all, if there is a survey that is going to eliminate any possibility of collecting either direct or indirect identifiers. Given that eradicating any such risks is the most important thing here, such surveys are a must.</span>
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The long-run aggregate supply curve would shift left if the amount of labor available
liq [111]

Answer:

The correct answer is option a.

Explanation:

The long run aggregate supply curve is inelastic and vertical in shape. The reason behind this is that in the long run the output level is not affected by the change in price level. It is rather affected by the quantity of inputs.

A leftward shift in the long run aggregate supply means that the output level is decreasing. This decrease in input in this case is either because of decrease in quantity of labor available,or because of increase in minimum wages the firms are hiring less labor.

So, option a is the correct answer.

8 0
3 years ago
On January 1, 2021, the general ledger of Big Blast Fireworks includes the following account balances:Accounts Debit Credit Cash
wolverine [178]

Answer:

Big Blast Fireworks

a) General Journal to record transactions:

Jan. 3

Debit Inventory $196,000

Credit Accounts Payable $196,000

To record the purchase of 1,750 units at $112 each

Jan. 8

Debit Inventory $216,450

Credit Accounts Payable $216,450

To record the purchase of 1,850 units at $117 each

Jan. 12

Debit Inventory $237,900

Credit Accounts Payable $237,900

To record the purchase of 1,950 units at $122 each

Jan. 15

Debit Accounts Payable $23,790

Credit Inventory $23,790

To record the return of 195 units at $122 each.

Jan. 19

Debit Accounts Receivable $855,000

Credit Sales Revenue $855,000

To record the sale of 5,700 units on account.

Debit Cost of Goods Sold $657,870

Credit Inventory $657,870

To record the cost of sales of 5700 units.

Jan. 22

Debit Cash Account $837,000

Credit Accounts Receivable $837,000

To record cash receipt from customers.

Jan. 24

Debit Accounts Payable $620,000

Credit Cash Account $620,000

Jan. 27

Debit Allowance for Uncollectible Accounts $2,800

Credit Accounts Receivable $2,800

To record the write-off of uncollectible.

Jan. 31

Debit Salaries & Wages Expense $138,000

Credit Cash Account $138,000

To record the payment of cash for salaries

2. Adjusting Entries on January 31, 2021:

Debit Loss on Inventory $3,190

Credit Inventory $3,190

To record the loss in value.

Debit Allowance for Uncollectible Accounts $2,065

Credit Accounts Receivable $2,065

To record the write-off of uncollectible.

Debit Uncollectible Expense $3,722

Credit Allowance for Uncollectible Accounts $3,722

To bring the allowance for uncollectible accounts to $2,957.

Debit Interest on Notes Payable $245

Credit Interest Payable $245

To record accrued interest for the month

3. Adjusted Trial Balance at January 31, 2021:

                                                  Debit           Credit

Cash                                       $104,700

Accounts Receivable                59,135

Allowance for Uncollectible Accounts          2,957

Beginning Inventory                                    49,000

Ending Inventory                       14,500

Land                                           90,100

Salaries                                    138,000

Loss on Inventory                       3,190

Uncollectible Expense               3,722

Interest on Notes Payable           245

Cost of Goods Sold               657,870

Sales Revenue                                          855,000

Accounts Payable                                       32,260

Notes Payable (6%, due in 3 years)          49,000

Interest on Notes Payable                              245

Common Stock                                          75,000

Retained Earnings                                     57,000

Totals                                 $1,071,462 $1,071,462

Balance Sheet at January 31, 2021:

Assets:

Cash                            $104,700

Accounts Receivable      59,135

Less uncollectible allw.  -2,957

Inventory                         14,500

Land                                90,100

Total  $265,478

Liabilities:

Accounts Payable                             32,260

Notes Payable (6%, due in 3 years) 49,000

Interest on Notes Payable                      245       $81,505

Common Stock                                   75,000

Retained Earnings                             108,973     $183,973

Total $265,478

Explanation:

a)  Unadjusted Trial Balance at January 1, 2021:

                                                  Debit           Credit

Cash                                       $ 25,700

Accounts Receivable                46,000

Allowance for Uncollectible Accounts          4,100

Inventory                                   49,000

Land                                           90,100

Accounts Payable                                       25,700

Notes Payable (6%, due in 3 years)          49,000

Common Stock                                          75,000

Retained Earnings                                     57,000

Totals                                 $ 210,800 $ 210,800

b) Accounts Receivable

Beginning balance     $46,000

Credit Sales             $855,000

less write-off                  -2800

less write-off                 -2,065

less cash receipts  -$837,000

Ending balance          $59,135

c) Estimated uncollectible allowance = $2,957 (5% of accounts receivable balance, i.e $59,135)

d) Uncollectible Expense:

Ending balance       $2957

Plus write-off            2,800

plus write-off            2,065

Beginning balance  -4,100

Uncollectible expense   3,722

e) Cash Account balance:

Beginning balance        $25,700

Cash from customers $837,000

Payment to suppliers-$620,000

Salaries                       -$138,000

Ending balance           $104,700

f) Accounts Payable

Beginning balance    $25,700

Inventory:

     1,750 units for     $196,000

     1,850 units for     $216,450

     1,950 units for    $237,900

      195 units return -$23,790

less payment         -$620,000

Ending Balance        $32,260

g) Income Statement:

Sales                     $855,000

less cost of sales   -657,870

Gross Income         $197,130

Salaries                  -138,000

Loss on Inventory     -3,190

Uncollectible Exp     -3,722

Interest on Note         -245

Net Income           $51,973

Retained Earning  57,000

Ending R/Earnings$108,973

Cost of Goods Sold, using FIFO:

490 units at $100 each       $49,000

1,750 units at $112 each    $196,000

1,850 units at $117 each    $216,450

1,610 units at $122 each   $196,420

7,500 units sold                $657,870

5 0
3 years ago
A business practice associated with globalization involves business moving manufacturing and service centers to countries where
baherus [9]

Answer:Multi national Trading or Corporation

Explanation:This is situation where business operations are moved to other nations with cheap labour and raw materials.The importance of this practice is to minimize their cost of operation and maxizmize profit.

4 0
3 years ago
Read 2 more answers
Deet, an unmarried taxpayer, qualified to itemize deductions. Deet's adjusted gross income was $40,000 and he made a $1,500 subs
Blababa [14]

Answer:

$11,000

Explanation:

Based on the information given What will be the MAXIMUM AMOUNT OF THE CHARITABLE CONTRIBUTION ALLOWABLE as an itemized deduction on Deet's income tax return will be the amount of $11,000 which represent the amount the art value that Deet donated to the local art museum which was valued at $11,000.

Therefore the maximum amount of the charitable contribution allowable as an itemized deduction on Deet's income tax return is $11,000

4 0
3 years ago
g The fundamental limitation of a matrix structure is that it ________. A. introduces more errors in the decision-making process
kvasek [131]

Answer:

The correct answer is the option B: Institutes a dual hierarchy that violates the unity-of-command principle.

Explanation:

To begin with, in the business management field the concept known as "Matrix structure" or matrix management as well is refered to the dynamic way of organizating the company that has the characteristic of having the employees of the business answering directly to two or more superiors of leaders instead of just one. Therefore that in this type of organizational structure sometimes the matters of certain departments tend to interfere or collide with the objectives of others. That is the main reason why it does violates the principle of unity-of-command described in the organizational theory.

8 0
3 years ago
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