Answer:
The answer is:
Debit the Merchandise Inventory account
Credit the cash account.
Explanation:
To start with, increase in assets and expenses go into debit side while decrease in assets and expenses go into credit side.
Merchandise inventory is an asset and cash too is an asset. Toys R Fun purchased inventory with cash, this means merchandise inventory increases while cash decreases.
According to the rule in the first paragraph, the recording is as follows:
Dr Merchandise Inventory $4,000
Cr cash. $4,000
Answer:
C. A Debit Rent revenue for $500.
Explanation:
The journal entry for receiving cash in advance is shown below:
Cash Dr $2,500
To Unearned rent revenue $2,500
(Being the advance cash collected)
But for recognize the revenue, i.e earned from rent, the entry is
Rent revenue Dr $500
To unearned rent revenue $500
(Being the unearned rent revenue is recorded)
Hence, the correct option is C.
Answer:
The inventory turnover for the period is 5
Explanation:
Inventory turnover is the ratio which stated that how many times the company replaces as well as sells the stock of goods during a specific year or period.
The formula for computing the inventory turnover is as:
Inventory turnover = Cost of goods sold / Average inventory
where
Cost of goods sold (COGS) = $9,070,000
Average inventory = $1,814,000
Putting the values above:
Inventory turnover = $9,070,000 / $1,814,000
Inventory turnover = 5
Here are the answers the would best complete the statement above. A primary incentive for entrepreneurs is 1: Profit, 2: A skill and happy workforce, and 4: <span> Seeing an idea come into being. When we say incentive, this is the motivation that keeps the entrepreneur on doing their business. Hope this answers your question.</span>
Answer:
The twelve are all important mechanisms for embedding organizational culture, but personally, I believe the following are the most important ones when you are referring to social connections between coworkers:
- 3. Rites and rituals PART OF THE ORGANIZATION'S CULTURE AND VALUES
- 4. Stories, legends, and myths PART OF THE ORGANIZATION'S CULTURE AND VALUES
- 5. Leader reactions to crises LEADERS ARE SPECIALLY NEEDED WHEN THINGS ARE NOT GOING WELL, AND LEADERSHIP CAN UNITE A GROUP
- 6. Role modeling, training, and coaching IT IS VERY IMPORTANT FOR THE PERSON BEING TRAINED TO BE ABLE TO UNDERSTAND HOW THE ORGANIZATION'S CULTURE WORKS
- 7. Physical design OPEN LAYOUTS ARE GOOD FOR SOCIAL CONNECTIONS.
- 11. Organizational structure HORIZONTAL ORGANIZATIONS FOSTER SOCIAL CONNECTIONS AND EQUALITY WITHIN THE ORGANIZATION
Explanation:
Social connections at work refer to how coworkers relate to each other and they are the backbone of the company's culture. Social connections are positive because they can increase your psychological well-being (we are all social animals that need to feel that we belong), your physical health and your work productivity.