The amount of money you need to maintain in your account to avoid a fee is the?

Biloxi Gifts uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general jou

SpyIntel [72]

Solution and Explanation:

The following journal entries are passed in the books of accounts.

Purchase of merchandise on credit - no entry is to be passed

Contribution of automobile to the company:

Date Details debit credit

12- nov Automobiles 17000

TB Capital 17000

( To record contribution of automobile to the company)

Sale of merchandise on credit:

Not recorded in gernal journal

Return of merchandise sold:

Date Details debit credit

19- Nov Sales return and allowances 175

accounts receivable - KM 175

3 0

3 years ago

Sunland Corporation has retained earnings of $708,900 on January 1, 2020. Net income during 2020 was $1,663,000, and cash divide

andriy [413]

Answer:

Beginning RE 708,900

prior period adjustment 89,470

adjusted beginning RE 798,370‬

net income 1,663,000

cash dividends (77,800)

ending RE 2,383,570‬

Explanation:

The amend of the mistake is done to adjust the beginning retained earnings as it didn't occur in the current accounting cycle.

We have to added as it was posted as an expense something it wasnt Thus, our expense were overstated making a lower net income

then, we proceed normally by adding the net income and decreasing the cash dividends paid to arrive to ending RE

5 0

3 years ago

Curtab, a company that manufactures digital watches, implements marketing strategies to attempt to eliminate analog watches from

Gnesinka [82]

Answer:

A) Design competition

Explanation:

Digital watch manufacturers and manufacturers of analog watches compete against each other because their products basically satisfy the same needs. Each one offers a very different product with its pros and cons, but even though their products are so different, they can be considered substitutes.

In the concept of innovation streams, Curtab is the innovator that is trying to create a sustainable competitive advantage because it works by designing an innovative product while its competitors rely on updating old designs.

4 0

3 years ago

Jing-Sheng facilitated a hiring committee for his advertising company. Six employees (including two managers) met together to di

Ganezh [65]

Answer:

Option (D) Participative Leadership

Explanation:

Because Participative leadership is a managerial style that invites input from employees on all or most company decisions. The staff is given pertinent information regarding company issues, and a majority vote determines the course of action the company will take.

3 0

3 years ago

Read 2 more answers

Ellen enjoys working at Starbucks because of her interactions with customers and co-workers. The satisfaction that Ellen feels w

mojhsa [17]

Answer:

B) nonfinancial compensation

Explanation:

Non-financial compensation doesn't have any monetary value; instead, it involves the satisfaction that an employee receives from his work environment. This satisfaction can be emotional and psychological.

8 0

3 years ago