Example : Yazici Advertising purchased supplies costing 2,500 on October 5. An inventory count at the close of business on October 31 reveals that 1,000 of supplies are still on hand. On October 4, Yazici Advertising paid 600 for a one-year fire insurance policy. Coverage began on October 1.

Answers

Answer 1

Question Completion:

Journalize the adjusting entries:

Answer:

Yazici Advertising

Adjusting Journal Entries:

Date            Account Titles            Debit      Credit

October 31:

1. Supplies Expense                     $1,500

Supplies                                                        $1,500

To record the supplies expense for the year ended October 31.

2. Insurance Expense                     $50

Prepaid Insurance                                           $50

To record the insurance expense for the month of October.

Explanation:

a) Data and Analysis:

October 31:

1. Supplies Expense $1,500 Supplies $1,500 ($2,500 - $1,000)

2. Insurance Expense $50 Prepaid Insurance $50 ($600 * 1/12)

3. From the scenario, the year-end is October 31.


Related Questions

In a five-year time period, Jonah's organization has grown from a one-man motorcycle repair shop to a custom bike manufacturing/assembly and rebuild business employing 32 mechanics and technicians. Due to Jonah's difficulty in delegating responsibility, he makes almost all business and design/technical decisions. As a result, he is working 80 hours per week, and the business has stopped expanding, and is suffering a turnover problem. Jonah's business is a(n) ______________ organization.

Answers

Answer: centralized organization

Explanation:

Since Jonah makes almost all business and design/technical decisions, then the business is a centralized organization.

A centralized organization simply refers to an organization whereby the decisions are handled at the top level. In this case, since Jonah owns the company, he handles every decision, therefore it's a centralized organization as it's hierarchical.

Dirk required surgery for a kidney impairment. His total bill for medical services was $50,000. Dirk has a medical expense policy with a $1,000 calendar-year deductible and a $5,000 annual out-of-pocket limit. His coinsurance percentage is 20 percent. The out-of-pocket limit applies to coinsurance only. Assuming this surgery and hospitalization were the first medical care that Dirk received during the year and that all of the hospital services were eligible for coverage under the policy, how much of the $50,000 bill will the insurer pay

Answers

Answer:

$44,000

Explanation:

Calculation to determine how much of the $50,000 bill will the insurer pay

Total bill for medical services $50,000

Less medical expense policy calendar-year deductible ($1,000)

Less annual out-of-pocket limit $5,000

Bill payment $44,000

($50,000-$1,000-$5,000)

Therefore how much of the $50,000 bill will the insurer pay is $44,000

here's a career question :)

Answers

Answer:

A. stock value of the company

Sometimes people are not aware that their personal information is being gathered. This is
o the purpose of data analysis
O a key ethical issue
o the main benefit of using data mining
O one of the data-mining techniques

Answers

Answer:

O a key ethical issue

Explanation:

In the process of gathering data for analysis, it is very important that certain ethical standards are adhered to. One of these very important ethical requirements is making sure that there is consent from the individuals whose data is to be used. Individuals have a right to their privacy. Using data or information about them for whatever purpose without them approving of it is a breach of privacy and might incur lawsuits if they get to know about that.

To prevent such issues from arising, the intent of the analyst should be clearly disclosed and the approval of the informant obtained.

Manual Company sells goods to Nolan Company during 2017. It offers Nolan the following rebates based on total sales to Nolan. If total yearly sales to Nolan are 10,000 units, it will grant a rebate of 2.00%. If it sells up to 20,000 units, it will grant a rebate of 4.00%. If it sells up to 30,000 units, it will grant a rebate of 6.00% In the first quarter of the year, Manual sells 11,000 units to Nolan at a sales price of $110,000.00. Manual, based on past experience, has sold over 40,000 units to Nolan per year. Based upon the above information, what amount should Manual record as revenue based upon both the net and gross method? (check figure: gross method sales revenue $107,800.00)

Answers

Answer: See explanation

Explanation:

Based on the information given in the question, we should note that while using the gross method, the revenue gotten from sales will be calculated by subtracting the rebate of 2% from the full invoice amount of $110,000. This will be:

= $110,000 - (2% × $110,000)

= $110,000 - (0.02 × $110,000)

= $110,000 - $2200

= $107800

Using the net method, the revenue gotten from sales will be calculated by subtracting the rebate of 6% from the full invoice amount of $110,000. This will be:

= $110,000 - (6% × $110,000)

= $110,000 - (0.06 × $110,000)

= $110,000 - $6600

= $103400

Give an example of any factor that influence the size of the multiplier​

Answers

Answer:

The size of the multiplier depends upon household's marginal decisions to spend, called the marginal propensity to consume (mpc), or to save, called the marginal propensity to save (mps). It is important to remember that when income is spent, this spending becomes someone else's income, and so o

Explanation:

If mpt = 0.4, mpm =0.3 and mps = 0.1.

Then mpw = 0.8. The marginal propensity to consume is 0.2.

Therefore, the multiplier effect will be 1/0.8 = 1.25.

2 Nov 2019

Answer:

Explanation:

Changes in the size of the leakages—a change in the marginal propensity to save, the tax rate, or the marginal propensity to import—will change the size of the multiplier.

Division P of Launch Corporation has the capacity for making 78,500 wheel sets per year and regularly sells 63,500 each year on the outside market. The regular sales price is $135 per wheel set, and the variable production cost per unit is $93. Division Q of Launch Corporation currently buys 33,500 wheel sets (of the kind made by Division P) yearly from an outside supplier at a price of $125 per wheel set. If Division Q were to buy the 33,500 wheel sets it needs annually from Division P at $115 per wheel set, the change in annual net operating income for the company as a whole, compared to what it is currently, would be:

Answers

Answer:

$295,000

Explanation:

Calculation to determine what the change in annual net operating income for the company as a whole, compared to what it is currently, would be:

Price paid by Division Q for 33,500 wheel sets: $4,187,500

(33,500*$125 per)

Less: Cost for Division P to produce 33,500 wheel sets × $93 per wheel set ($3,115,500)

Less: Lost profit for Division P to cut back sales to the outside ($777,000)

[($135 per wheel set − $93 per wheel set) × ( 78,500 wheel-63,500-33,500=18,500wheel sets):

Change in net annual operating income for the company as a whole $295,000

($4,187,500-$3,115,500-$777,000)

Therefore the change in annual net operating income for the company as a whole, compared to what it is currently, would be:$295,000

Which of the following is an acceptable way of learning the skills necessary to
become successful in your career of choice:
a) attend a traditional college or university
b) attend a vocational school
c) participate in an apprenticeship
d) all answers are correct

Answers

Answer:

all answers are correct

Answer choice D is correct

All answers are correct

[ANSWERED] Complete the sentence about a presentation delivery method.

A(n) ____ allows you to transmit your presentations over the Internet using ____.


A WEBCAST allows you to transmit your presentations over the Internet using STREAMING TECHNOLOGY.

lmk if this works

Answers

Answer:

Explanation:

A Presentation software allows you to transmit your presentation over the internet using CDs

Answer:

A WEBCAST allows you to transmit your presentations over the Internet using STREAMING TECHNOLOGY.

Explanation:

If supply increases and demand stays the same, there will be a

A) higher equilibrium price and quantity

B) lower equilibrium price and higher quantity

C) lower equilibrium price and quantity

D) higher equilibrium price and lower quantity

Answers

Answer: B) lower equilibrium price and higher quantity

Explanation:

Demand and supply simply shows the interaction that takes place between the producers and their consumers.

In a case whereby there's an increase in the supply for a product while the demand first change and remains the same, this will lead to a surplus, and hence there'll be a higher quantity.

Also, since there is surplus and the demand doesn't change, there'll be a reduction in the price of the product. Therefore, the correct option is B.

Answer:

the answer is B

Explanation:

In which of the following professions did the top 10% of earners make less than $100,000 in 2012?

A. Graphic designers

B. Copywriters

C. Market research analysts

D. Advertising sales agents

Answers

The answer Is A!! Graphic designers

Why is it a good idea to invest in both bonds and stocks?

Answers

Stocks and bonds each have a different level of risk and behave differently in response to changes in the financial markets. They may also be key ingredients in your mutual funds.

Putting portions of your money into different types of investments could help you in case some of them don’t measure up.

Answer:

Diversifying your account by investing in both stocks and bonds provides protection because you can offset some, or all, of your losses in one investment with the gains in the other investment.

Trade policies Group of answer choices alter the trade balance because they alter imports of the country that implemented them. alter the trade balance because they alter net capital outflow of the country that implemented them. do not alter the trade balance because they cannot alter the national saving or domestic investment of the country that implements them. do not alter the trade balance because they cannot alter the real exchange rate of the currency of the country that implements them.

Answers

Answer:

do not alter the trade balance because they cannot alter the national saving or domestic investment of the country that implements them.

Explanation:

Trade policy explains rules, regulations, and standards that are relevant to trade relations between two countries. Trade policy is also called the Commercial policy.

Trade policies do not alter the trade balance because they cannot alter the national saving or domestic investment of the country that implements them.

Respond with Social media accounts

Answers

Ask the question more specifically, and I will edit this answer and give you the answer.

BET SAY LESS nrg_samfortnite or

XxSheLuvMeXx

rjalvarez_ follow the ig

Which of the following accounts would not
use T-Accounts?
A. Shareholder's Capital
B. Cash
C. Dividends Payable
D. None of the Above

Answers

The answer will have to be C
Answer:

I believe the answer is c.

Explanation:

I did some research

FEATURES OF FINANCIAL INSTITUTIONS​

Answers

Answer:

The financial institutions provide loans and advances to the customers. The rate of return is very high in case of investment made in this type of institution. It also gives a high rated consultancy to the customers for their beneficial investments. It also serve as a depository for their customers.

Explanation:

The financial institutions provide loans and advances to the customers. The rate of return is very high in case of investment made in this type of institution. It also gives a high rated consultancy to the customers for their beneficial investments. It also serve as a depository for their customers.

Choose the correct definition for employee internet portal: Multiple Choice A web-based application wherein employees can modify certain payroll-related information. Governs accounting for firms with federal government contracts in excess of $2,000. A way for governmental agencies to track the payroll associated with a government contract. A record of the time worked during a period for an individual employee. Examples of companies used for outsourcing payroll processing.

Answers

Answer:

A web-based application wherein employees can modify certain payroll related information

Explanation:

Employee Portal can be regarded as

Web-based portal which gives enablement to employees to access

payroll information pertaining to them using internet.

Monroe Corporation manufactures modern and antique clocks. Monroe's total overhead costs consist of assembly costs and inspection costs. The following information is available: Cost Antique Modern Total Cost Assembly 3,600 mach. hours 1,200 mach. hours $168,000 Inspections 600 200 $80,000 4,500 labor hours 4,000 labor hours Monroe is considering switching from one overhead rate based on labor hours to activity-based costing. Using activity-based costing, how much of the assembly cost is assigned to the modern clocks

Answers

Answer: $42,000

Explanation:

The total cost of Assembly is $168,000.

This is for the machine hours spent on both Antique and Modern clocks of:

= 3,600 + 1,200

= 4,800 hours

Modern clocks assembly costs would be:

= Modern clock machine hours / Total machine hours on assembly * Cost of assembly

= 1,200 / 4,800 * 168,000

= $42,000

Suppose the average income of students as $100 per day with a standard deviation of $10 now a student is selected at random and the main income is $100 what is the value

Answers

Answer:

The answer is below

Explanation:

Suppose the average income of students is $100 per day with a standard deviation of $10 now a student selected at random and the main income is $100 what percentage of student incomes is below $100

Solution:

The z score is a score used in statistics to determine by how many standard deviations the raw score is above or below the mean score. If the raw score is above the mean score then the z score is positive while if the raw score is below the mean score the z score is negative.

The z score is given by:

[tex]z=\frac{x-\mu}{\sigma} \\\\for\ a\ sample\ size(n)\ \\\\z=\frac{x-\mu}{\sigma/\sqrt{n} }[/tex]

Where μ is the mean, σ is the standard deviation and x the raw score.

Given that μ = 100, σ = 10. Hence:

For x < 100:

[tex]z=\frac{x-\mu}{\sigma} =\frac{100-100}{10} =0\\\\[/tex]

From the normal distribution table, P(x < 100) = P(z < 0) = 0.5 = 50%

All of the following statements regarding vertical analysis are true except a.in a vertical analysis of a balance sheet, each asset item is stated as a percent of total assets b.in a vertical analysis of an income statement, each item is stated as a percent of total expenses c.vertical analysis may be prepared for several periods to analyze changes in relationships over time d.major differences between a company’s vertical analysis and industry averages should be investigated

Answers

Answer:

Option b. is correct

Explanation:

Vertical analysis is a technique used to analyze the financial statements in which each item is listed as a percentage of the base figure.

All of the following statements regarding vertical analysis are true except in a vertical analysis of an income statement, each item is stated as a percent of total expenses.

So,

Option b. is correct

A manager who is reactive and works hard to address problems after they occur is known as a . (a) problem seeker (b) problem avoider (c) problem solver (d) problem manager

Answers

Answer:

(c) problem solver

Explanation:

A manager can be defined as an individual who is saddled with the responsibility of providing guidance, support, supervision, administrative control, as well as acting as a role model or example to the employees working in an organization by being morally upright.

Generally, managers are typically involved in taking up leadership roles and as such are expected to be build a strong relationship between their employees or subordinates by creating a fair ground for effective communication and sharing of resources and information. Also, they are required to engage their staff members (entire workforce) in the most efficient and effective manner.

Hence, a manager who is reactive and works hard to address problems after they occur is known as a problem solver.

This ultimately implies that, a problem solver proffer solutions to a problem after it has occurred already. Problem solver are reactive rather than being proactive by preventing or mitigating the possibility of a problem arising.

Oracle, a firm that sells commercial ERP and database products, provides Linux for free, selling high-margin Linux support contracts for as much as five hundred thousand dollars. Oracle's motivation for this lies in: Group of answer choices accelerating the shift of open source software towards a proprietary regime. impoverishing other open source developers and furthering its own proprietary offerings. protecting itself from the risks of distributing code while unaware of legal implications. using open source software to fuel sales of hardware. using open source software to wean customers away from competitors.

Answers

Answer: using open source software to wean customers away from competitors.

Explanation:

From the question, we are provided the information that Oracle, a firm that sells commercial ERP and database products, provides Linux for free.

Based on other information given in the question, we can infer that Oracle's motivation for this lies in using open source software to wean customers away from competitors.

Since Linux is being provided free by Oracle, this is a way of moving customers towards the company and away from other competitors.

Gidgits Galore has been busy during this lesson continuing its expansion plans throughout the United States. After all, everyone must have a gidgit, the "must-have" gadget! Gidgits Galore has opened up stores in ten new states, hired hundreds of new employees, built two additional factories, and started an advertising campaign that has caught the US by storm! Its expansion has been featured in news magazines across the country. But Gidgits Galore has encountered a few problems and needs some advice.

Gidgits Galore is concerned about hiring employees from other countries whose language skills may not be proficient and is considering hiring only native English speakers. Is this a good idea?
Yes
No

Answers

Answer:

No

Explanation:

Edge 2021

Speaking English opens opportunities in both your professional and personal life. No, employing only native speakers is not a good idea.

How does English improve one's chances of getting a job?

Speaking English opens up a plethora of new opportunities in both your professional and personal life. Employers will see that you've learned a foreign language, such as English, and that you're dedicated and have a work/study ethic. It also demonstrates that you are a dedicated and hardworking individual.

Gidgits Galore is concerned about hiring employees from other countries whose language skills may be inadequate and is considering only hiring native English speakers., it is not a good idea.

Therefore, the above explanation aptly explains the scenario.

Learn more about the importance of English for getting a job here:

https://brainly.com/question/15070883

plz,what is memorandum​

Answers

Answer:

A written message in business or diplomacy.

Explanation:

I hope that this helps!! :)))

an informal written record of an agreement that has not yet become official.

A memorandum (abbrev.: memo; from Latin memorandum est, "It must be remembered") is a written message that may be used in a business office. ... In business, a memo is typically used by firms for internal communication, while letters are typically for external communication.

Given a contribution margin of $20, if 10,000 units are produced at a cost of $400,000 what is the sales revenue in USD? Pls explain how u got the answer

A) $200,000
B) $300,000
C) $60
D) $600,000

Answers

Answer: $600,000

Explanation:

The sales revenue will be gotten as:

= Cost + Contribution Margin

where,

Cost = $400,000

Contribution Margin = $20 x 10,000 = $200,000

Therefore, Sales revenue will be:

= $400,000 + $200,000

= $600,000

Imagine that you are working at a clothing or grocery store, and answer the questions below about inventory and merchandising for the store.

Answers

Answer:

B. To help determine how much inventory to keep in stock of each item in the outlet, I would consider two factors. The first one is the certain amount of each item type in the first week - determining the number of each items input in the stock to be the original data to compare. The second is the number of items sold and still on stock. This would help determine invetory to keep in stock.

B. If I was running a store, I would prefer to use the pick up at store buying method. There would be cashier at the register to check the products and bills as well as receive money from the customers. This is the traditional and still always the most common methods. As the fact that people nowadays still like shopping in physical store, this is definitely the most effective method.

C. The inventory control method I would use when operating a store is to adopt modern technology like bar code to control the inventory stock. By using this technology, I would need to consider the bar code for each type and establishing software to automatically input the information about the number of items sold and in stock. With inputting the number of total items at the beginning and giving each item its corresponding bar code, the sales or number of stock would be tracked by the software.

D. An example of two commodities to be displayed together at store is pencil and rubber. Pencil and rubber undoubtedly are complementary products of each other. Complementary products are made to be used together. Each item requires the other for their complete uses. This is also the case of Rubber and Pencil and each item would not be fully used without the presence of the other.

Explanation:

In the context of a job advertisement, what does 'self-starting' mean?​

Answers

Answer:

A self-starter is a person who is motivated to set and achieve goals and takes initiative within the workplace. Self-starters are especially important in the workplace and highly sought after by employers because they can get their job done with supervision and work through issues and perform tasks on their own.

Explanation:

To be eligible for Bright Futures, you must

submit a statement explaining how all money will be repaid
submit a plan of action for all courses throughout college
take at least three remedial credits in the first semester
take at least six non-remedial credits per semester

Answers

i believe you would submit a plan of action for all course throughout college so Bright Futures knows how their money would be spent :)

Answer:

I think is B. submit a plan of action for all courses throughout college.

Explanation:

do you still have to pay the PS plus even though you have Auto-renew off?

Answers

Answer:

if u want to

Explanation:

Nooooooooooooooooooooo

How does our government
get the money it needs to
Pay its bills?
A Taxes
B Selling bonds
C Borrowing money
D All of the above

50 extra points to whoever is right

Answers

Answer:

The government gets money through taxes.

Answer:

•••••••••••Ans) taxes

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