Answer:
A. Bill’s collected $15,600 from customers for services related to games played in July.
Dr Cash 15,600
Cr Service revenue 15,600
B. Bill’s billed a customer for $600 for a party held at the center on the last day of July. The bill is to be paid in August.
Dr Accounts receivable 600
Cr Service revenue 600
C. The men’s and women’s bowling leagues gave Bill’s advance payments totaling $1,850 for the fall season that starts in September.
Dr Cash 1,850
Cr Unearned service revenue 1,850
D. Bill’s received $1,500 from credit sales made to customers last month (in June).
Dr Cash 1,500
Cr Accounts receivable 1,500
Answer: The correct answers are "A. Write contracts that ensure that the interest of the managers and shareholders are closely aligned.", "C. Mount hostile takeovers.", "D. Ensure that employees are paid with company stock and/or stock options." and "E. Ensure that under-performing managers are fired.".
Explanation: The strategies that are available to shareholders to help ensure that managers are motivated to act this way are:
- Write contracts that ensure that the interest of the managers and shareholders are closely aligned. - This ensures that managers and shareholders point in the same direction.
- Mount hostile takeovers.
- Ensure that employees are paid with company stock and/or stock options. - In this way they motivate employees to work in favor of the interests of the shareholders.
- Ensure that under-performing managers are fired. - Dismissing managers who have poor performance pressure managers to work hard and for the benefit of shareholders.
Answer: Primemerica
Explanation: Its a financial company where you get to build a business within the company. You will be helping families financially. You going to help people get out of debt, make sure they have the right amount of life insurance coverage, and show them how to reach their goals (such as saving for retirement, college fund, vacation, buying a house, or whatever their goals are). Most people don't have a plan on how to reach their goals. Without a plan, their goals will never come true because there are too many distractions in life.
Besides helping families, you can also recruit people into your business and every recruit has the same opportunity as you do. Why recruit? For one, there's only 24 hours in a day and you are just 1 person. How much work can you do by yourself? If you recruit people, more work gets done. Second, you get to make new friends by recruiting. Third, you override your recruits. That means every time your recruit helps a family, the company pays you an override. An override is not a split in commissions. Its profits earn from a sale. That's how every business work. For example, if you worked at McDonalds, every time you sell a burger, the company earns a profit. Do you think the owner of a McDonalds restaurant is there? Of course not. He or she is probably enjoying life.
Override leads to freedom. The top earners in this company earning millions of dollars per year really don't do any work anymore. They live off overrides and residual income (which is work they done in the past continues to pay them forever). Some of these million dollar earners do training and teach others valuable lessons on how to build a business. If you look at the background of these million dollar earners, most of them came from a poverty or middle class families. Are these people any better than you or me? Of course not. They just worked harder than anyone else. Will you get to be a million dollar earner? Only if you work as hard as they did and do it long enough. It all depends on how badly you want it and how much do you believe in yourself.
Answer:
Prices may be rising, but Americans shopped more than expected in January
Explanation:
Prices may be rising, but Americans shopped more than expected in January: US retail sales rose by 3.8% in January from the month prior, adjusted for seasonal swings -- more than the 2% increase economists had predicted. That puts the sales total at $649.8 billion for the first month of 2022, the Census Bureau reported Wednesday. #accelerationism
Answer:
Option C.
Current liabilities, $420,000;
Long-term Debt, $1,260,000.
Explanation:
The reason is that the amount that will be paid within the next 12 is current liabilities, so the amount $420,000 is current liability as it will be paid within the next 12 months. So the remainder of the amount that is not payable in the next 12 months is long term liability.
Long Term Liability = $1,680,000 Total Payable Amount - $420,000 Current Liability
Long Term Liability = $1,260,000
