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crimeas [40]
3 years ago
11

Oct. 1 Stockholders invest $30,740 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an an

nual salary of $38,880. 3 Buys office furniture for $3,630, on account. 6 Sells a house and lot for E. C. Roads; commissions due from Roads, $12,010 (not paid by Roads at this time). 10 Receives cash of $135 as commission for acting as rental agent renting an apartment. 27 Pays $620 on account for the office furniture purchased on October 3. 30 Pays the administrative assistant $3,240 in salary for October.Prepare the debit-credit analysis for each transaction.
Business
1 answer:
attashe74 [19]3 years ago
6 0

Answer:

cash 30,740 debit (+A)

 common stock 30,740 credit (+SE)

no entry- no effect

furniture 3,630 debit (+A)

   account payable 3,630 credit (+L)

Account receivables 12,010 debit (+A)

     commissions revenue   12,010 credit (+R)

cash          135 debit (+A)

        commissions revenue    135  credit (+R)

Accounts payable   620 debit (-L)

       cash                         620 credit (-A)

salaries expense 3,240 debit (+Ex)

         cash              3,240 credit (-A)

Explanation:

<u><em>Expanded Accounting equation:</em></u>

Assets + Expenses   = Liabilities + Revenues + Stockholder equity

The left side will increase from debit and decrease from credit

While the right side of the equation increase from credit and decease from debit

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Users create expense reports and attach receipts in an Expenses app before submitting them for approval. What should the Adminis
monitta

Answer:

The administrator should consider the App's ability to enable the user to scan and attach receipts with the expense reports.

Explanation:

The App for Salesforce Mobile should be enabled to scan and attach receipts with the expense reports in order to meet the user's requirements.  The easiness of the Mobile App achieving this functionality is very important.  Once users were not always able to easily implement this functionality in the App, then it would not be considered user-friendly.  The scanning should be as simple as taking a shot with the phone's camera.

7 0
3 years ago
Activity-based costing uses one plantwide pool and numerous cost drivers departmental pools and a single cost driver. numerous c
kipiarov [429]

Answer:

numerous cost pools and numerous cost drivers

Explanation:

Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.

In Financial accounting, one of the most widely used activity-based costing technique is the time-driven activity-based costing.

Time-driven activity-based costing (TDABC) avails business owners the opportunity of reporting their costs on an ongoing basis (real time) which give details about the various cost of doing business, as well as the time spent on them respectively.

Cost pool is simply the amount of money spent by a firm on a particular activity.

Generally, an activity-based costing uses numerous cost pools such as manufacturing cost or customer services and numerous cost drivers such as direct labor hours worked, number of changes used in engineering department, etc.

6 0
3 years ago
The Next Monet, Inc., operated art schools. At one of its classes, John Picasso (no relation to the great artist) was praised by
Schach [20]

Answer:

Option B                            

Explanation:

In simple words, The given case is related to the conclusion made by the court in the famous case of  Vokes versus Arthur MurrayLinks, in which the jury in the court rules that,  a determination of a party carrying better information about a subject matter may be treated as a matter of fact even though it would be treated as an opinion if the parties were speaking for deal  on equal conditions.

7 0
4 years ago
while the supply of major film stars is small and relatively fixed in the short run, the demand for the average doctor or nurse
antiseptic1488 [7]

False, while the supply of major film stars is small and relatively fixed in the short run, the demand for the average doctor or nurse is quite large globally. By stating that the marginal benefit of services provided by doctors and nurses is considerably lower than the marginal benefit of services provided by major film stars, the diamond-water paradox is illustrated. This suggests that while there is a greater demand than there is for major film stars, there is a greater supply of doctors and nurses.

The marginal utility that major movie stars provide to moviegoers is greater than the marginal utility that patients receive from doctors and nurses. This is due to the fact that people who use the services of well-known actors and actresses are more willing to pay for them than people who use the services of physicians and nurses. Though a person's health is more important to their quality of life than movies, consumers value movies more for their utility than their health, especially once they have achieved a basic level of sound health. This actually explains the "diamond water paradox," in which consumers are willing to pay more for valuable diamonds than they are for the water that sustains life. In plain English, people are more willing to value the satisfaction they get from watching one more movie than they are from receiving more medical attention. That implies that people only give basic healthcare needs a thought.

Note that the full question is:

Movie stars such as Salma Hayek, Samuel L. Jackson, Dwayne Johnson, and Jennifer Lawrence are paid millions of dollars per movie, which can take as much as 6 months of full-time work for an actor. By contrast, doctors and nurses earn considerably less over the same time period. Why might this be? While the supply of (major film stars OR doctors and nurses) is small and relatively fixed in the short run, the demand for (the average doctor or nurse OR movies featuring these film stars) is quite large globally. By contrast, the marginal benefit of the services provided by (major film stars OR doctors and nurses) is relatively low, although the total benefit is quite high. This illustrates the diamond-water paradox. True or False

Learn more about marginal utility brainly.com/question/15050855

#SPJ4

4 0
1 year ago
Jessica needs her new employee to know that he is using the copy machine incorrectly. He is not in trouble but needs to know how
Korolek [52]

Answer:

In-person conversation

Explanation:

In-person conversations are important because they can help to communicate in the most effective way possible. In-person conversation allows you to directly meet a person and communicate face to face. Jessica must talk to the new employee face to face and tell him how to use the copy machine. This way is better to help the new employee rather than a mail or to confront him in a meeting.

6 0
3 years ago
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