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Umnica [9.8K]
3 years ago
8

During January 2020 General Fund supplies ordered in the previous fiscal year and encumbered at an estimated amount of $2,000 we

re received at an actual cost of $2,200. The entry to record this transaction will require a debit to:
Business
1 answer:
ira [324]3 years ago
5 0

Answer:

Expenditures-2020 in the amount of $200

Explanation:

General fund supplies made last year were an estimated amount of $2000 was spent. So for last year there would have been a debit and credit leg for this transaction as.

In the present year 2020 it was received at an actual cost of $2,200. The excess cost (2,200-2,000= $200) must be recognised.

So the debit is passed into expenditures for this year 2020 for amount $200.

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When a buyer is represented by a licensee, who is responsible for following up on issues identified in the inspection report to
s344n2d4d5 [400]

The buyer's agent  is responsible for following up on issues identified in the inspection report to ensure that they are addressed.

<h3>What is a buyer's agent called?</h3>

Long story short: a buyer's agent can technically be called the “selling agent,” once a contract has been entered into.

A listing agent is referred to as the “seller's agent,” since they are representing the seller.

<h3>What is the difference between agent and buyer?</h3>

A seller real estate agent will work only for the seller and have only the seller's interest at heart.

A buyer's broker will work only for the buyer and have only the buyer's interest at heart.

Learn more about buyer's agent here:

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8 0
1 year ago
Danny is considering a stock purchase. The stock pays constant annual dividends of ​$1.54 per share and is currently trading at
Ksenya-84 [330]

Answer:

No he should not buy this stock.

Explanation:

The stock pays a constant dividend thus it means it is a zero growth stock. The formula to calculate the fair price of a zero dividend growth stock is as follows,

  • P = D / k
  • Where D represents dividend
  • k represents required rate of return
  • P = 1.54 / 0.141 = 10.92

The fair price of the stock according to the Dividend discount model is 10.92 while the stock is trading at 21.27 which means that the stock is overpriced. So, it should not be purchased.

7 0
3 years ago
structural unemployment can be caused by all of the following except: a) minimum wages. b) labor unions. c) efficiency wages. d)
olga2289 [7]

Structural unemployment can be caused by all of the following except fluctuations in the business cycle.

<h3>What is Structural unemployment ?</h3>

Structural unemployment is long-lasting unemployment that comes about due to shifts in an economy.

Structural unemployment is caused by a mismatch of skills between the unemployed and available jobs. Structural unemployed is caused by changes in the economy, such as deindustrialization, which leaves some unemployed workers unable to find work in new industries with different skill requirements.

This type of unemployment happens because though jobs are available, there's a mismatch between what companies need and what available workers offer.

For example, employees who produce a specialty clothing product that suddenly is no longer a trend might lose their position producing this specific product, causing structural unemployment.

To learn more about Structural unemployment , refer

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3 0
2 years ago
Please answer the following question:
Elza [17]

Answer:

The response options are:

a) The chances are high that your decision will be biased, especially because the current problem is complex and past patterns will be an inaccurate guide.

b) You will make a decision that is about 80 percent accurate, which is good enough to meet your objectives given the time and information at your disposal."

c) You will rate all alternatives against known criteria and choose the course of action that will maximize return to the organization.

d) Your decision will be based primarily on your preconceptions about social media, what you learn about social media as you begin your research, and Mi Ola's past experiences engaging with customers online.

The correct answer is: c) You will rate all alternatives against known criteria and choose the course of action that will maximize return to the organization.

Explanation:

The rational process for making decisions is a selection between two or more alternatives on some desire, need, object, etc. These decisions must always respond to a solution, if we apply it at an administrative level it can favor or harm the organization or company.

Rational models for decision making require a cognitive process where each step follows the next in a logical order.

As we have determined that this model is a process, it becomes clear that it must have a few steps to follow; Among those we find seven steps to know:

* Step 1: Definition and diagnosis of the problem: If administrators, teams or employees individually do not know the real problems and their possible causes, it is impossible for effective decision making. The definition and diagnosis of problems involves three conceptualization skills: perception, interpretation and incorporation.

* Step 2: Setting goals: Once individuals or teams have defined a problem, they can set specific goals for elimination.

* Step 3: Search for alternative solutions: Individuals or teams should look for alternative means to achieve a goal. This step could involve the search for additional information, creative reflection, expert consultation, research or similar actions.

* Step 4: Comparison and evaluation of alternative solutions: After individuals or teams have identified the alternative solutions, they should compare and evaluate them. This step highlights the expected results and the determination of the relative cost of each alternative.

* Step 5: Selection among alternative solutions: Decision making is usually associated with the making of a final choice. The selection of a solution, however, is just one more step in the rational decision-making process.

* Step 6: Implementation of the selected solution: The fact that the selection of a solution has been carried out correctly does not necessarily mean that its execution will be successful. A technically correct decision has to be accepted and supported by those who will be responsible for implementing it if it is indeed desired that the decision be effective. If the selected solution cannot be implemented for any reason, another should be considered.

* Step 7: Monitoring and control: The single implementation of the preferred solution does not automatically guarantee the fulfillment of the desired goal. Individuals or teams should monitor the implementation activities and maintain their monitoring by evaluating the results. If the implementation does not produce satisfactory results, corrective actions will be necessary.

7 0
3 years ago
An obligation that has an interest rate that floats and that is reset on a daily or weekly basis, and that gives the holder the
Schach [20]

Answer:

Variable rate demand obligation

Explanation:

The question is descriptive of a municipal variable rate demand obligation. Through this a municipality issues a long-term security at short-term and lower interest rates. The interest rate is reset at given period. It could be done daily. The holder can decide to put the bond back to the issuer at any of the reset date. They mature finally at a date of 10 years after issuance, and then they will be repaid.

7 0
3 years ago
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