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sergeinik [125]
3 years ago
5

Jackson's Programming paid its June rent of $500 cash. Demonstrate how to use the accounting equation to record the transaction

by completing the following sentence.
Jackson would decrease _________ and increase ________ in the accounting equation.
Business
1 answer:
Ivan3 years ago
3 0

Answer:

Cash account; rent expense

Explanation:

The journal entry to record the rent expense for June month is shown below:              

Rent expense A/c Dr $500

       To Cash A/c $500

(Being the payment of rent for cash is recorded)

Since the rent is an expense which increases the expense account by $500 ad the cash is also paid which reduced the cash balance by $500 so the expense is increased and the cash is decreased

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WP Corporation produces products X, Y, and Z from a single raw material input in a joint production process. Budgeted data for t
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Answer:

WP Corporation

Which of the products should be processed beyond the split-off point? Product X Product Y Product Z

B) yes no yes

Explanation:

a) Data and Calculations:

Budgeted data for the next month:

products                                                           X             Y              Z

Units produced                                              2,400      2,900       3,900

Per unit sales value at split-off                   $ 21.00   $ 24.00   $ 24.00

Added processing costs per unit                $ 3.00     $ 5.00     $ 5.00

Per unit sales value if processed further $ 25.00  $ 25.00    $ 30.00

Added profit after further processing        $ 1.00    ($4.00)      $ 1.00

Further processing of the products X, Y, and Z will yield further or added profit of $1.00 from products X and Z, but a loss of $4 from product Y.  Therefore, product Y should not be processed further, unless its cost structure is such that there is a more than $4 profit to be generated and its further processing is necessary for the other two to be sold, that is if the three products must be sold jointly.  In such a case, management could take further analysis to reduce the cost for consumers.

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3 years ago
You decide that you need more information on how employees feel about diversity, so you create a paper and pencil survey on empl
fgiga [73]

Answer:

Discrimination against women and other minorities

Explanation:

The most likely ground for concern would be Discrimination against women and other minorities.

Diversity in the workplace means that an organization employs a diverse team of persons that reflects the views of the society in which it exists and operates. Through diversity and inclusion, no employee is treated unfairly on account of their gender, race, ethnicity.

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Answer:

B) A Trend Decision

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An example of the use of trend forecasting is the fashion industry. Since customers change their purchasing behavior rapidly, so a particular garment becomes popular for one season and then it goes out of fashion. Fashion forecasters use trend forecasting to predict the trends by including the work designers and the early adoption of a trend among the people

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Suppose a market is initially perfectly competitive with many firms selling an identical product. Over time, however, suppose th
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a decrease in market output and an increase in the price of the product.

Explanation:

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9. Emil Motycka is considered an entrepreneur because
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Answer:

he started and managed a business.

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