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avanturin [10]
3 years ago
8

Mesia has come to you for help. For the third time this month, she has recorded a cash receipt twice. She wants you to record a

correcting entry that will reverse her mistakes. The correcting entry she wants you to make will record a credit to the Cash account and a debit to Sales. What would you do? Would you also accept a dinner offer from Mesia to fix her mistake?
Business
1 answer:
gayaneshka [121]3 years ago
4 0

Answer:

Any adjustment section in the Accounts ought to be assessed and ought to be endorsed by the controller before posting it. The supporting clear archive to be delivered and held with the voucher for review reason.  

Here, the case is money receipt is recorded twice, and requirements to book revising passage. Necessities to examine about the section, and need to cross check with money equalization and deals balance, Cash receipt number etc.to ensure this is a real case and ensure no fraud is occurring.

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Which sentence best completes the diagram?
Ivanshal [37]

Answer:

C. Prices in the country Increase

Explanation:

Inflation describes the general increase in prices in a country over time. Prices tend to rise with the increase in economic growth. A high economic growth rate implies that prices will increase at a high rate.

The Inflation rate is measured by assessing changes in the prices of products and services representing people's consumption. A rise in the inflation rate indicates a general increase in prices.

6 0
2 years ago
A company reports the following amount in its December 31, Year 1, income statement.
kow [346]

Answer:

Multiple-step income statement for the year ending December 31, year 1

Sales                                                    $275,200

Cost of Goods Sold                           <u>($185,000)</u>

Gross Profit                                                               $90,200

Operating Expenses:

Administrative Expense                                          ($35,000)

Selling expenses                                                     <u>($55,000)</u>

General Expense                                                     <u>($45,000)</u>

Operating Income                                                    ($44,800)

Non-Operating Revenue                                         <u>$105,000</u>

Operating Income before tax                                  $60,200

Income taxes                                                            <u>($25,000)</u>

Operating Income after Tax                                     <u>$35,200</u>

Explanation:

Multi-step Income statement segregate the Operating Income and Expenses from non operating Income and Expense. It shows the gross profit and net operating income separately.

4 0
2 years ago
Nan has extensive experience in ergonomic product design. Though she is not a manager, she is often called on by product manager
garri49 [273]

Answer: Expert power

Explanation: Expert power is the personal power based on expert knowledge whereby the associates or another member of the company clearly have the awareness that the individual's skill and extensive experience will help in solving a particular problem or in decision-making. The person with such power is not necessarily a manager, it could be an employee who has the specialist abilities and proficiency that the others do not have.

However, this type of power gives the person holding it a high reputation and he or she gains some level of trust and respect from the managers, coworkers and the company as a whole.

7 0
3 years ago
Asteroid Industries accumulated the following cost information for the year:
frez [133]

Answer:

Factory overhead costs = 3000 + 7500 + 11800 = $22,300

Explanation:

Factory overhead costs are the costs that are not directly attributable to the production. This would include all the costs except for the direct materials and direct labor.

the total factory overhead costs would be,

Factory overhead costs = 3000 + 7500 + 11800 = $22,300

These costs are then allocated using the appropriate cost base to all the units produced.

Hope that helps.

7 0
3 years ago
Select the correct answer.
USPshnik [31]
C or d sorry if wrong
8 0
2 years ago
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