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2 years ago

Journalize the following selected transactions for January. Journal entry explanations may be omitted.

Business

1 answer:

ycow [4]2 years ago

3 0

Answer and Explanation:

The journal entries are shown below:

On Jan 1

Cash $14,000

To Capital owner $14,000

(being cash received)

On Jan 2

Cash $9,500

To Account service revenue $9,500

(being cash received)

On Jan 3

Account receivable $4,200

To Service revenue $4,200

(being service provided on account)

On Jan 4

Advertising expense $700

To Cash $700

(being cash paid is recorded)

On Jan 5

Cash $2,500

To Account receivable $2,500

(being cash received)

On Jan 6

Owner drawings $1,010

To cash $1,010

(being cash paid is recorded)

On jan7

Telephone expense $900

To Account payable $900

(Being telephone bill received)

On Jan 8

Account payable $900

To cash

(being cash paid is recorded)

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For studying demand relationships for a proposed new product that no one has ever used before, what would be the best method to

dolphi86 [110]

Answer:

the answer is D) all of the above are equally useful in this case

Explanation:

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3 years ago

Maintenance, which was about 18 of the total budget less than it spent on administrative personnel. The amount spent on administ

____ [38]

Answer:

the remaining budget for other expenses = 1/8 of the total budget

Explanation:

Since the city's administrative personnel expenses are 1/8 larger than both maintenance expenses and safety expenses, it means that safety expenses are equal to maintenance expenses.

Since maintenance expenses are 1/4 of the total budget, safety expenses are also 1/4 of the total budget.

Administrative personnel expenses are 1/8 higher, so that means that they equal 1/4 + 1/8 of the total expenses.

If we add the three categories = 1/4 + 1/4 + (1/4 + 1/8) = 7/8

So the remaining budget for other expenses = 1 - 7/8 = 1/8 of the total budget

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3 years ago

In 2013, there were approximately 155 million people in the labor force and the unemployment rate was 7.4 percent. If the unempl

Marianna [84]

Answer:

(a) 3.7

(b) 3.7

Explanation:

The unemployment rate is calculated as the ration of unemployed workers over the labor force. The labor force is the total number of employed plus unemployed workers:

$Unemployment\,Rate=\frac{Unemployed\,Workers}{Labor\,Force}=\frac{Unemployed\,Workers}{Employed\,Workers+Unemployed\,Workers}$

Then if there were 155 million people in the labor force and 7.4% where unemployed that means that 11.47 million people where unemployed

$0.074=\frac{Unemployed\,Workers}{155}$

$Unemployed\,Workers=0.074*155=11.47$

If unemployment rate would have been 5% we have

$Unemployed\,Workers=0.05*155=7.75$

That means that 3.72 million fewer unemployed workers. Since Labor Force is the sum of unemployed and employed workers. The reduction in unemployment implies that they were now employed .

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3 years ago

Use your understanding of the strategic management process to complete the sentences below.

pantera1 [17]

A firm’s Strategy is the plan of action that describes resource allocation and activities for dealing with the environment, achieving a competitive advantage, and attaining the organization’s goals.

Explanation:

By acquiring a technology company that develops smartphone apps, a video-streaming business hopes to achieve Synergy , combining its video rights with mobile technology to increase profits.

Example

Drybar, which started in Brentwood, California, in 2010, is a hair salon catering entirely to people with curly or frizzy hair who want their hair straightened. No cuts, perms, or coloring happen here. The store now has over 40 locations.-Target Customer

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A meditation instructor partners with a technology developer to market relaxation apps featuring soothing natural sounds and guided meditation exercises. The tech expert writes the code, and the meditation instructor develops the apps’ content.-This is an example of building up the Synergy

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3 years ago

Consider the following information about production in quarter 1 of 2019. Firm T produces 600 tires at a cost of $28 each, and s

bekas [8.4K]

Answer:

$3,860

Explanation:

Value of stock at the end of Firm T:

Firm T has stock of 20 tires at the end of the year

The cost price is $28 per tire

Value = Closing stock * Cost price of each tIres

Value = 20 * $28

Value = $560

Value of stock at the end of Firm B:

Firm B has stock of 10 bicycles at the end of the year

The cost price is $330 each

Value = Closing stock * Cost price of each bicycle

Value = 10 * $330

Value = $3,300

Value of the inventory investment = Value of stock at the end of Firm T + Value of stock at the end of Firm B

Value of the inventory investment = $560 + $3,300

Value of the inventory investment = $3,860

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2 years ago