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avanturin [10]
4 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]4 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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Johnny is a sophomore in college and has a 1.5 cumulative grade point average (GPA). Johnny's cumulative GPA will fall even furt
Debora [2.8K]

Answer: B

Explanation:

With the options given, Johnny can only perform worse if he performs worse than his cumulative GPA and also if he performed less than he ever performed before. The last option about Johnny's performing worse than last semester might not necessarily have an effect on his GPA. A cumulative GPA is the total GPA Johnny has gotten since he started school. The last semester might be one of his best semesters and probably had a good result so getting a result slightly lower than his last semester might not necessarily mean there will be a reduction in his cumulative GPA. So option B is correct.

6 0
3 years ago
Explain what ""market value of a corporation"" means. How does that compare to the ""book value"" of a corporation?
lidiya [134]

Answer:

Market value of a corporation is its value according to the stock market. Book value on the other hand is the difference between assets and liabilities of a corporation.

Explanation:

The market value of a corporation is the value attributed to it by the financial market. It is calculated by multiplying the price of each share by the number of outstanding shares.  

The book value is the value of the corporation if the assets are liquidated and liabilities are paid off. It is calculated by finding the difference between assets and liabilities.  

If the market value of a corporation is greater than its book value it means the market does not believe that the company is worth what it has mentioned in its book value.  

If the market value is higher than the book value, it indicates that the market has confidence in the corporation's ability to generate earnings in the future.

6 0
4 years ago
What has consequences in the interaction between the service provider and the customer?<br>​
Sav [38]

Answer:

I think it is getting fired and getijng sued

Explanation:

4 0
3 years ago
On January 15, Marigold Corp. sells merchandise on account to Bramble Associates for $5700 with terms 2/10, n/30. On January 20,
mr Goodwill [35]

Answer:

Marigold Corp.

The amount received from Bramble is $4,508.

Explanation:

a) Computation of Amount Received:

Jan. 15 Sales = $5,700

Jan. 20 Returns (1,100)

Balance due     $4,600

Jan. 24 discount  ($92)

Cash collected $4,508

b) Discount allowed = 2% of $4,600 = $92

c) This is in accordance with the trade terms 2/10, n/30, which allows a cash discount of 2% if payment was made within 10 days from the date of purchase, with the last allowed credit within one month.  From January 15 to January 24 is 10 days.  So, the cash discount of 2% applies on the balance due after the sales returns.

3 0
3 years ago
Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither
WINSTONCH [101]

Answer:

a. Producer surplus

b. Neither

c. Consumer surplus

Explanation:

The producer surplus is the difference between the minimum price a producer is willing to accept for a product and the price he actually gets.  

The consumer surplus is the difference between the maximum price a consumer is willing to pay for a product and the price he actually gets.  

a. Here, the person gets $189 for his laptop but he was willing to accept $180 as well. This is an example of producer surplus. The producer surplus, in this case, is $9.  

b. In this example, we only know the price that the producer actually received and the price the consumer actually paid. The maximum price the consumer was willing to pay or the minimum price that the producer was willing to accept is not mentioned. So this is neither an example of producer surplus nor consumer surplus.  

c. Here, the consumer was willing to pay $47 for a sweater, but he actually has to pay $40. This is an example of consumer surplus. The consumer surplus is equal to $7.

3 0
3 years ago
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