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3 years ago

The envelope method, notebook and pencil, and online software are all methods of ______.

Business

1 answer:

masha68 [24]3 years ago

3 0

Answer:

tracking your spending

Explanation:

In personal and business activities inner needs to track spending in order to know financial status and budget effectively with available funds.

Without tracking spending there is tendency that waste will occur and spending on unimportant items will occur.

The envelop method entails having money for each category of spending in different envelops. At the end of a period you can check the envelops to see how much has been spent in each category.

Notebook and pencil involves writing down expenses.

Online software such as QuickBooks can be used to track how much an individual or business has spent.

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George Bailey purchased equipment from M. Potter for $450,000, paying $35,000 cash as a down payment and financing the remainder

Lorico [155]

Answer:

Equipment $450,000 (debit)

Cash $35,000 (credit)

Suppliers Loan $415,000 (credit)

Explanation:

George Bailey must recognize the Asset of Equipment, de-recognize the Assets of Cash and recognize the Suppliers Loan as above.

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3 years ago

Abraham is wanting to move out of his parents house, and must create a budget to see if he can afford the change in expenses. He

olchik [2.2K]

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3 years ago

Using the following accounts and balances, prepare the Stockholders’ Equity section of the balance sheet. Refer to the lists of

uysha [10]

Answer:

Explanation:

Stockholder's Equity

Paid in Capital:

Common Stock $48,000,000

Paid in Capital in excess of Par - Common Stock $6,400,000

Paid in Capital from sale of Treasury Stock $4,500,000

[58,900,000]

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3 years ago

the weighted moving average forecasting model uses a weighting scheme to modify the effects of individual data points. this is i

solniwko [45]

The weighted transferring common forecasting version makes use of a weighting scheme to alter the results of person facts points. that is its primary gain over the easy transferring common version. the weighted transferring common forecasting version makes use of a weighting scheme to alter the results of person facts points. that is its primary gain over the easy transferring common version is true.

Forecasts produced the usage of exponential smoothing strategies are weighted averages of past observations, with the weights decaying exponentially due to the fact the observations get older. In one-of-a-kind words, the more ultra-modern the declaration the higher the associated weight.

Quantitative forecasts lease one or more mathematical models that rely upon historical information and/or casual variables to forecast demand. Qualitative forecasts include such factors due to the fact the choice maker's intuition, emotions, private experiences, and rate system.

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1 year ago

A company sells electronics and with a warranty attached and estimates that they will experience an estimated 5% of sales for wa

eimsori [14]

Answer:

b. debit warranty expense $10,000; credit estimated warranty liability $10,000

Explanation:

The journal entry to record the estimated warranty expense is shown below:

Warranty Expense Dr $10,000 ($200,000 × 5%)

To Estimated Warranty Liability $10,000

(being the warranty expense is recorded)

Here the warranty expense is debited as it increased the expense and credited the estimated warranty liability as it also increased the liability

Therefore the option b is correct

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3 years ago