Answer:
A. Cash balance per bank $ 9,066
Cash balance per books $9,066
B.Jul'31
Dr Cash $1,216
Dr Expenses for collection $ 26
Cr Note receivables $ 1,200
Cr Interest revenue $ 42
Jul'31
Dr Miscellaneous Expenses $ 34
Cr Cash $ 34
Explanation:
A. Preparation of Bank Reconciliation at July 31
BANK RECONCILIATION
Cash balance per bank, July 31, $7,863
Add Deposit in transit $ 1,800
Less Outstanding checks ($597)
Adjusted cash balance $ 9,066
Cash balance per books, July 31 $7,884
Collection of note receivable $1,216
($1200+$42-$26)
Less Bank service charge ($34)
Adjusted cash balance $ 9,066
B. Preparation of the adjusting journal entries at July 31 on the books of Crane Video Company
JOURNAL ENTRIES
Jul'31
Dr Cash $1,216
Dr Expenses for collection $ 26
Cr Note receivables $ 1,200
Cr Interest revenue $ 42
(To record note collection by bank)
Jul'31
Dr Miscellaneous Expenses $ 34
Cr Cash $ 34
(To record bank service charges)
Can I get help with this pls
Answer: Savings account at a member bank
Explanation:
After the Great Depression caused many to lose their savings on account of so many banks failing, the Federal Government under President Roosevelt established the Federal Deposit Insurance Corporation (FDIC) to ensure that it doesn't happen again.
The FDIC protects the deposits of depositors into banks that are members of the FDIC so if you have money in a member bank, you are insured up to $250,000 should the bank fail.
Credit Unions are not covered by the FDIC but are covered by the National Credit Union Administration (NCUA).
In one of the case studies in the textbook, Stefan Winkler was the controller for a beverage company in south Florida. Money was collected by either the delivery drivers who brought in the cash and checks from their route customers (route deposits), or by credit customers who mailed in their payments (office deposits). Winkler stole cash from the route deposits and made up for it by using checks from the office deposits. How did Winkler conceal his crime
Answer: d. All of the above
Explanation:
After taking checks from the office deposits and using them to make up for the cash he took, he had to alter the files to show that some checks never came in. He then stole cash receipt journals and copies of customer checks so as to alter the records.
He then removed his personnel file so that it wouldn't look like he was ever there to have altered the record in the first place. This is a bad thing because it could cost an employee their job
GMR industries entered the airport space in early 2000's and is today 1
counted amongst the top 5 airports, private airport developer and operators
globally. GMR industries presently owns and operates Delhi International
Airport and Hyderabad International Airport. Apart from being the largest
airport company in India, GMR industries are the only Indian Airport
developer to have developed and operated airports outside India.
Identify the types of industry and its category being discussed in the above
case?
Answer:
f
Explanation:swsw
Your co-worker, the operations manager of Blue Ocean Seafood Restaurants, has pointed out a slight decline in diners ordering and eating the chain's famous cheesy butter biscuits. The head of product development has a theory that people want lighter options today, and she has recommended test marketing a lower-fat version of the biscuits at select locations in eight major cities across the United States. As the marketing director, how do you respond
Answer:
You agree that test marketing could be helpful, but you point out that it may also reveal your ideas to your competitors.
Explanation:
In the give scenario the existing famous cheesy butter biscuits sales are going down. In an effort to increase the revenue of the business the head of product development has a theory that people want lighter options today, and she has recommended test marketing a lower-fat version of the biscuits at select locations in eight major cities across the United States.
This is an innovative solution to the problem and the head of product development should be encouraged to drive the test marketing.
However marketing a lower-fat version of the biscuits at select locations in eight major cities will expose the strategy to competitors. It will be better to conduct the test in a more controlled environment away from competitors.
When the cost of services from a shared activity is ________ the cost of comparable services provided by a division itself or by an outside supplier than the division, general managers have a strong incentive ________. Group of answer choices less than; to use the services of an outside supplier equal to; to use the services of an outside supplier less than; to use the services of shared activities greater than; to use the services of shared activities
Answer:
less than; to use the services of shared activities
Explanation:
In the case when the service cost arise from the shared activity should be less than the comparable service cost that provided by an outside supplier so here the general manager could have the incentive with respect to the services that are used for the shared activities
Therefore as per the given situation, the above should be the answer
A checking account
-is a time deposit account
-never earns interest
-is a demand deposit account and may have a charge for each check written
-has a limited number of withdrawals
Use the drop-down menus to complete the steps for creating a subform.
1. Open the form in the view.
2. Zoom in to make the form easier to see as needed.
3. Under Form Design Tools, open the tab.
4. Click the Subform/Subreport button.
5. Place the cursor at an insertion point, and to create a space for the subform.
6. The will open to allow you to add fields.
7. Click Finish.
ANSWERS: Design, Design Tab, Click and Drag, Subform Wizard
Answer: Design, Design Tab, Click and Drag, Subform Wizard
Explanation: just did it
design, design, click and drag, subform wizard
HD radio: a. is made possible by a small satellite transmitter in special radios. b. makes it possible for radio stations to transmit real-time text-based information services as well as programming. c. eliminates advertising. d. is only available in subscription form from certain car companies. e. broadcasts overseas stations in the US.
Answer:
b. makes it possible for radio stations to transmit real-time text-based information services as well as programming.
Explanation:
HD radio is a technical term used in describing the high definition of radio. It is characterized by its ability to transmit digital information or in-band on the channel. It is a better option compared to AM or FM radio.
Hence, considering the available options, the correct answer, in this case, is that HD radio "makes it possible for radio stations to transmit real-time text-based information services as well as programming."
Elizabeth and Niko are very organized and do an excellent job organizing their personal financial records. How will this BEST help them when they file their taxes?
Answer:
They will get faster responses.
Two coworkers at Nortel came up with an idea for renting software over the Internet.Nortel's top management liked the idea and set up a special division called Channelware devoted to taking the idea and making a new product.The establishment of a new company and assigning the employees in the division the task of making the idea a reality requires which management function?
A) communicating
B) controlling
C) organizing
D) planning
Answer:
C) organizing
Explanation:
From the question we are informed about Two coworkers at Nortel who came up with an idea for renting software over the Internet.Nortel's top management liked the idea and set up a special division called Channelware devoted to taking the idea and making a new product.In this case, the establishment of a new company and assigning the employees in the division the task of making the idea a reality requires organizing, which is a management function. Functional management can be regarded as most common type of organizational management, Management which is set of principles that relates to the functions such as planning, controlling as well as organizing and directing. Organizing can be regarded as process involving identification and grouping of work that is needed to be performed, it entails defining as well as delegating the responsibility. It can be regarded as establishment of relationships to enable people to work together in effective way to achieve goals
Which of these statements qualify as an unexpected expense? Your buddy, who owns the coolest computer in the world, just bought a new one and wants to sell his old one for cheap, for cash. You've got first crack at buying it. Your car insurance just went up, and you hadn't expected a bigger bill. The biggest game store is going out of business, and you'd like to pick up some absolutely awesome games at half price. You're living on your own, and your computer crashes. It has to be repaired. Your best friend is in the hospital in another city, and you need to fly to that city and head to the hospital. Which ones are unexpected expenses
Answer:
1.Insurance
2.Computer Crashes
3.Having to go to another City
If you 2,000,000,000 dollars what would you do with all that money
Answer:
put about 500,000,000 in stocks ,and 200,000,000 in bitcoin. Than start my own business save 1,100,000,000 in a bank or store it somewhere no one else can find it and than buy a beach side home and classic mustang cuz why not im rich
Explanation:
cuz I can
The systems viewpoint sees organizations as entities made up of four interrelated parts known as Group of answer choices inputs, outputs, transformation processes, and feedback. planning, design, inputs, monitoring, outputs, and follow-up feedback. vision, planning, design, production, monitoring, and follow-up feedback. planning, inputs, monitoring, outputs, and feedback. planning, design, monitoring, production, and feedback.
Answer:
inputs, outputs, transformation processes, and feedback.
Explanation:
The viewpoint of the system that could see the organziation as the entities as they should be made of the input as the raw material, output as the finished product, transformation process as when the raw material is converted into the finished product and the feedback as the client feedback related to the product and service
So as per the given situation the above should be the answer
Effective leadership involves all the following, except: a. Managing oneself through personal time management, stress management, and other activities b. Managing team members through motivation, delegation, supervision, and team building c. Maintaining tight control of all project resources and providing information to team members only as needed d. Employing and utilizing project champions where they can benefit the project
Answer:
c
Explanation:
Sam and his wife Ann purchased a home in Lubbock, Texas, in 1980 for $100,000. Their original home mortgage payment was $90,000. The house has a current market value of $175,000 and a replacement value of $200,000. They still owe $55,000 of their home mortgage payment. In their current balance sheet, their home will be reflected as: Group of answer choices
Answer:
$175,000 asset and $55,000 liabiliy
Explanation:
The computation is shown below:
In the present balance sheet, the home should considered the following amounts
1. The current market value of the house i.e. $175,000
2. And, the home mortgage payment of $55,000 that we called as the liability
These two amount should be presented on the balance sheet
Hence, the above should be the answer
Gray uses Hofstede's cultural values that were discussed in Chapter 1 to:
a Set forth accounting values that can be used to define a country's cultural foundation with respect to financial reporting
b Set forth corporate governance provisions that define an ethical organization culture
c Define what is meant by the public interest in accounting
d Define what is meant by internal controls over financial reporting in a cultural context
Answer:
a. Set forth accounting values that can be used to define a country's cultural foundation with respect to financial reporting.
Explanation:
Gray Hofstede's presented six dimensions of cultural values. Power distance index, Individualism vs collectivism, Masculinity vs Femininity, Uncertainty Avoidance Index, Long term vs short term orientation, Indulgence vs Restraint. He used footing for comparing state based accounting values. He set accounting values to define a country's cultural foundation with respect to financial reporting.
A company reported total assets at the end of the previous year of $95,000; including cash of $35,000, accounts receivable of $20,000, and inventory of $40,000. It reported total assets at the end of the current year of $110,000; including cash of $44,000; accounts receivable of $29,000, and inventory of $37,000. Compute the net increase or decrease in cash for the current year.
Answer:
there is $9,000 increase in cash
Explanation:
The computation of the increase or decrease in cash is as follows;
In the previous year, the cash balance is $35,000
In the current year, the cash balance is $44,000
So the differenceis
= $44,000 - $35,000
= $9,000
This $9,000 represent an increase in cash
So, there is $9,000 increase in cash
Which of the following is true about development? Group of answer choices It involves the movement, over generations, of the bulk of jobs from agriculture to manufacturing and service industries. The least developed countries have most of their populations employed in manufacturing. The least advanced countries have completed the transition from manufacturing to services and have entered the information age. Technological change does not influence development.
Answer: It involves the movement, over generations, of the bulk of jobs from agriculture to manufacturing and service industries
Explanation:
Development involves the movement, over generations, of the bulk of jobs from agriculture to manufacturing and service industries. Technology is also influenced by technological change.
The least developed countries have most of their populations employed in the primary sector like agriculture and haven't completed the transition from manufacturing to services and have not yet entered the information age.
Melika spends all her income on two goods, magazines and carry-out lunches. The price of a magazine is $5, and the price of a carry-out lunch is $7. At the current consumption bundle, the marginal utility of magazines is 10, and the marginal utility of carry-out lunches is 21. To maximize utility given her income, Melika should: Group of answer choices increase her consumption of carry-out lunches and decrease her consumption of magazines. increase her consumption of magazines and decrease her consumption of carry-out lunches. consume equal amounts of magazines and carry-out lunches. continue to consume the current bundle.
Answer: increase her consumption of carry-out lunches and decrease her consumption of magazines.
Explanation:
Melika should buy more of the good that gives her more utility per dollar spent.
Magazine utitlity per dollar spent:
= Marginal utility / Price
= 10 / 5
= 5 per dollar
Carry-out lunches:
= 21 / 3
= 7 per dollar
Carry-out lunches give her a greater utility per dollar so Melika should consume more of that than magazines.
SHINNING STAR BUS COMPANY (PTY) Ltd
Answer:
is that a question?????????
In the context of business ethics,. Involves clear misconduct, unline an ethical dilemma that involves a conflict
Answer:
an ethical lapse
Explanation:
In the context of business ethics, AN ETHICAL LAPSE involves clear misconduct, unlike an ethical dilemma that involves a conflict.
The above statement is true because Ethical Lapse is a form of blunder or offense in which the individual's judgment or action leads to detrimental effects or results. Ethical lapses in workplaces could be caused by issues relating to insider stock trading, expense account extortion, sexual assault or harrassment, and many other issues against the interest of the company.
The accounts of Melissa Manufacturing showed the following balances at the beginning of December: Account Debit Raw Materials Inventory $59,000 Work-in-Process Inventory 75,000 Finished Goods Inventory 30,000 Manufacturing Overhead 24,000 The following transactions took place during the month: December 2: Issued direct materials $39,000 and indirect materials $6000 to production. December 15: Incurred $5000 and $4000 toward factory's direct labor cost and indirect labor cost, respectively. What should be the balance in the Work-in-Process Inventory following these transactions
Answer:
$120,000
Explanation:
Calculation to determine What should be the balance in the Work-in-Process Inventory following these transactions
Beginning balance in WIP $75,000
Add: Direct materials transferred $39,000
Direct factory labor cost $6,000
Ending balance $120,000
($75,000+$39,000+$6,000)
Therefore What should be the balance in the Work-in-Process Inventory following these transactions is $120,000
Evaluate the current financial performance of eskom
Answer:
Eskom Holdings SOC Limited dominates the electrical business in South Africa (Eskom).
They provide a significant amount of power for the country, accounting for over 95% of all power in South Africa.
In the first half of the 2018/19 financial year, Eskom made a profit of $48.05 million, down 89 percent from the previous year.
Higher borrowing expenses, higher gasoline prices, and increased staffing costs, they claimed, were to blame for the earnings dip.
Explanation:
Hope this helps!
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Noah's Ark is a successful child care center. It focuses on actively developing, finding, and communicating new knowledge to its employees so that workers can modify their behavior to reflect this new knowledge. Noah's Ark is an example of a(n) ________ organization. Group of answer choices customer-focused research innovative learning evolving
Answer:
learning
Explanation:
Since in the given situation it is mentioned that the child care center focused on the developing, communicating the new knowledge in order to modify the behavior so here this means that it have the learning environment in the child care center so that everyone could aware of anything also they have dont any problem regarding it. Moreover it increased the skills also
Therefore as per the given situation, the above should be the answer
Following are transactions of Gotebo Tanners, Inc., a new company, during the month of January: Issued 10,000 shares of common stock for $15,000 cash. Purchased land for $12,000, signing a note payable for the full amount. Purchased office equipment for $1,200 cash. Received cash of $14,000 for services provided to customers during the month. Purchased $300 of office supplies on account. Paid employees $10,000 for their first month's salaries. What was the balance of Gotebo's Cash account following these six transactions
Answer:
$17,800
Explanation:
Calculation to determine the balance of Gotebo's Cash account following these six transactions
Using this formula
Cash Account= Beginning Cash-Office equipment+Cash for Service rendered-Employee salaries
Let plug in the formula
Cash account = ($15,000 - $1,200 + $14,000 - $10,000)
Cash account= $17,800
Therefore the balance of Gotebo's Cash account following these six transactions is $17,800
A ______ resume is customized to highlight the specific qualifications and experience needed for a particular job.
A targeted
B combination
C chronological
D functional
Answer:
A. targeted
Explanation:
A resume (curriculum vitae) can be defined as a short text-based document that a job applicant use to briefly outline his or her qualifications, abillities and accomplishments, haven completed and obtained an academic certificate.
Generally, all job applicants are required to have a resume (curriculum vitae). This brief and concise document is always requested by human resource managers during the job application process.
Furthermore, the primary way to make a resume persuasive (to convince or inform an action in the minds of the readers - potential employers) is by customizing it to fit each company and position.
This ultimately implies that, job applicants are expected to tailor their resume to fit or match the position that is advertised by a company's human resources department.
Hence, a targeted resume (curriculum vitae) is customized (tailored) by a job applicant to highlight the specific qualifications and experience needed for a particular job.
Linda Baer has already saved $6,500 to buy a used vehicle. Ignoring taxes and assuming her money is invested in a money market account earning 3 percent compounded annually, how long will it take to buy a car that costs $9,000?
Answer:
11 years.
Explanation:
Below is the calculation for the time period:
Present value of the money = $6500
Interest rate = 3%
Future value of the money = $9000
Future value = Present Value (1 + r )^n
9000 = 6500 (1 + 3%)^n
9000/6500 = (1 + 3%)^n
1.3846 = (1.03)^n
Now solve for the value of n by taking ln on both sides.
Thus n = 11 years.
When determining the human resources needs for a well-known engineering firm, the HR director realized that the company lacked a critical mass of engineers under the age of 30. The company could not afford to get caught short in this competitive business climate. An important recruitment strategy for the HR director's department was to start attending college fairs as well as considering hiring interns. We define his recruitment efforts as developing relationships with
A) external sources
B) median sources
C) internal sources
D) civilian sources
Answer:
The correct answer is the option A: External sources.
Explanation:
To begin with, in the field of business management when it comes to terms of sources of recruitment the extarnal sources are understood to be those who come from outside the organization and are needed to create a relationship in order to obtain good results. The external sources of recruitment are considered to be very expensive in comparison with the interanl sources and also to be more demanded of time as well. However, they also bring a great deal to the company due to the fact that increase the options available for the business to find the best of the best when it comes to potential employees.
Explain why unions have declined in power in the last few decades.
Answer: See explanation
Explanation:
There are a number of reasons for the reduction in the power of unions in the last few decades.
One reason attributed to this is due to the shift in the composition of the economy of the United States. Nowadays, there are more people whom work in the service industries, and these sector usually have lower unionization rate.
Also, there is a reduction in the number of unions in the ndustrial sector. Some states have a right to work laws in place which has also led to reduction in the power of the unions.
Lastly, thecemployer reactions are also a contributory factor as they're more aggressive so as to keep unions from their companies.
The law of diminishing marginal utility suggeststhat A) Price and quantity demanded are directly related. B) People will substitute lower-priced goods for more expensive goods, ceteris paribus. C) As marginal utility decreases, the willingness to pay increases. D) People are willing to buy additional quantities of a good only if its price falls.
Answer:
D) People are willing to buy additional quantities of a good only if its price falls.
Explanation:
Marginal utility is the additional satisfaction that a person gets from consumption of an extra unit of a product.
Diminishing marginal utility states that as more units of a good is consumed the satisfaction derived reduces.
Since people are less satisfied with consumption, they are less willing to to pay for more.
However if the price of the good falls people will now be more willing to buy as they are spending less on a product they are less satisfied with.