Recording purchases, purchases returns, and purchases allowances LO P1 Prepare journal entries to record the following transactions for a retail store. The company uses a perpetual inventory system and the gross method. Apr. 2 Purchased $5,000 of merchandise from Lyon Company with credit terms of 2/15, n/60, invoice dated April 2, and FOB shipping point. 3 Paid $220 cash for shipping charges on the April 2 purchase. 4 Returned to Lyon Company unacceptable merchandise that had an invoice price of $750. 17 Sent a check to Lyon Company for the April 2 purchase, net of the discount and the returned merchandise. 18 Purchased $9,300 of merchandise from Frist Corp. with credit terms of 1/10, n/30, invoice dated April 18, and FOB destination. 21 After negotiations, received from Frist a $500 allowance toward the $9,300 owed on the April 18 purchase. 28 Sent check to Frist paying for the April 18 purchase, net of the allowance and the discount.

The frequent changes to which the organization must adapt demands that employees be continually trained to update their capabilities is known as cross-training program.

A program or a method in which an employee(s) who is a part of the organization is given the training of more than one skill on a frequent basis, such a method is known as cross-training.

Hence, the significance of cross-training is aforementioned.

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Answer:

Identifiable Asset is the one which can be separated from the business and can be identified separately. The asset should have the capability to be disposed of individually. Favorable lease agreements are one such asset which qualifies these conditions. Thus, Favorable lease agreements should be recorded as a distinct asset in Pearl Corporation's consolidated financial statement.

Every such asset which cannot be identified separately should be recorded as goodwill. We cannot recognize Noodle Bowl workforce and Noodle Bowl brand name as a distinctive asset. Thus, they both should be recorded as a part of goodwill.

Adama Garment's Bale-robe store has the highest labor productivity. It generates 200 birr per labor hour, followed by Hawassa (40 birr/hour), Nekemt (16 birr/hour), and Dahirdar (12.5 birr/hour).

To calculate labor productivity, we divide the monthly sales volume by the labor hours. Bale-robe has the highest labor productivity because it generates the most sales per labor hour.

Here is the table showing the labor productivity of each store:

Store Sales volume (birr) Labor hours Labor productivity (birr/hour)

Bale-robe 12,000 60 200

Hawassa 60,000 500 40

Nekemt 40,000 250 16

Dahirdar 25,000 200 12.5

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In the leader role, managers focus on relationships with subordinates, including motivation, communication, and influence.

What Is The Role Of Leader?

A leadership position requires you to successfully and ethically manage a situation, a team, or an entire organisation. Leaders are capable of influencing and directing their team towards a common goal. Additionally, they are in charge of fostering and preserving employee morale, assisting staff in realising their full potential, and encouraging loyalty. As a leader, it's critical that you have effective communication skills. You could need to communicate with a variety of people in your role as a leader, including your team members, subordinates, clients, and suppliers.

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Answer:

1. Earnings per share = $13.13 per share

2. Dividend payout ratio = 26%

3. Dividend yield ratio = 5%

4. Price-earnings ratio = 5

5. Book value per share = $58.00

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question. See the attached pdf for the full question.

The explanation of the answers is now provided as follows:

1. Earnings per share. (Round your answer to 2 decimal places.)

Number of shares outstanding = Common stock / Common stock par value = $140,000 / $10 = 14,000

Earnings per share = Net income / Number of shares outstanding = $183,820 / 14,000 = $13.13 per share

2. Dividend payout ratio. (Round your intermediate calculations to 2 decimal places. Round your percentage final answer to nearest whole number (i.e., 0.1234 should be entered as 12).)

Dividend payout ratio = Dividend per share / Earnings per share = $3.35 / $13.13 = 0.2551, or 26%

3. Dividend yield ratio. (Round your intermediate calculations to 2 decimal places. Round your percentage final answer to nearest whole number (i.e., 0.1234 should be entered as 12).)

Dividend yield ratio = Dividend per share / Market price per share = $3.35 / $61 = 0.0549, or 5%

4. Price-earnings ratio. (Round your intermediate calculations to 2 decimal places. Round your answer to nearest whole number.)

Price-earnings ratio = Market price per share / Earnings per share = $61 / $13.13 = 4.65, or 5

5. Book value per share. (Round your answer to 2 decimal places.)

Book value per share = Total stockholders’ equity / Number of shares outstanding = $812,000 / 14,000 = $58.00

Answer:

I think the answer is Changing workplaces, Ethical and trust issues, Global economic uncertainties, Changing technologies.

Explanation:

I hope this helps.

Based on the rate of increase for cost of living, your grandmother would receive the amount of $3,048.

The article says that the cost of living increase is 1.6%.

The amount to be received by your grandmother is:

= Monthly social security x ( 1 + increase in cost of living)

= 3,000 x (1 + 1.6%)

= $3,048

In conclusion, your grandmother would receive $3,048.

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Based on the change in price and quantity demanded, the cross-price elasticity would be 2.57.

It shows how much the demand for a good is affected by a price change in a related good.

It is calculated as:

= Change in quantity demanded of one good / Change in price of the other good

= 36% / 14%

= 2.57

In conclusion, the cross-price elasticity is 2.57.

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Answer:

$720 and $180

Explanation:

According to the scenario, computation of the given data are as follows:

Premium for 3 years = $2,700

So, premium for 1 year = $2,700 ÷ 3 = $900 per year

Manufacturing operation percentage = 80%

Selling and administrative operation percentage = 20%

So, Premium for manufacturing operation = $900 × 80% = $720

And Premium for selling and admin operation = $900 × 20% = $180

Work activities, worker attributes, and work context are the three main categories of data used in job analysis.

Work analysis is the process of gathering all the essential details about a certain job, including the tasks involved, the knowledge and skills needed to accomplish the job, and the responsibilities and skills necessary for the job to be performed successfully.

One of the most crucial tasks carried out by a human resource manager is job analysis. By defining the relevance, definition, and technique of "job analysis" with an emphasis on the job description & job specification, which are seen as the process's output, this article will help readers understand the concept.

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The categories are being matched with the examples are as follows:

An electronic device is a component through which the information is processed due to the flow of electric currents.

Therefore, the provided examples are clearly matched with the categories.

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Since he is in charge of providing the employees' training, the course instructor is a manager.

The objectives are carried out and the resources are managed by the course instructor. When it comes to planning, the course teacher establishes a goal and makes a strategy to reach it. He also assigns the program, the cost, and the time.

The five fundamental management tasks of staffing, leading, managing, organizing, and planning are the skills that good managers learn to master. Planning entails outlining precisely how to carry out a specific objective. Say, for instance, that the corporation wants to increase sales.

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I can provide a general outline of what you can include in your report:

Briefly introduce the student organization you have chosen and explain why you are interested in participating.

Goals and purposes

Provide an overview of the goals and purposes of the organization, including its mission statement and core values.

Benefits, duties, and responsibilities

Describe the benefits of being a member of the organization, such as opportunities for networking, personal and professional growth, and community service.

Outline the duties and responsibilities of members, including attending meetings, participating in events, and contributing to the organization's goals.

Leadership opportunities

Discuss the leadership opportunities provided by the organization, such as holding officer positions, organizing events, and mentoring newer members.

Highlight how these opportunities can help develop leadership skills, such as communication, decision-making, and teamwork.

Conclusion

Summarize your report and reiterate your interest in joining the student organization.

Remember to research and gather information about the specific student organization you have chosen and tailor your report accordingly.

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Ye principles of internal control do not include restricted asset access

Option E is correct .

The most significant control conditioning concern segregation of duties, respectable authorization of sales and conditioning, acceptable documents and records, physical control over means and records, and self-dependent checks on performance.

Internal control is a procedure, effected by an reality's board of directors, supervision and other workforce, allowed to give reasonable satisfaction That facts is dependable, accurate and immediate. Of compliance with applicable laws, regulations, contracts, programs and processes.

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Answer:

A.Dr Cash 3,000,000

Cr Sales Revenue 3,000,000

Dr Warranty Expense 20,000

Cr Cash, Supplies, Wages Payable 20,000

Dr Warranty Expense 35,000

Cr Warranty Liability 35,000

B.Dr Cash 3,000,000

Cr Sales revenue 2,944,000

Cr Unearned Warranty Revenue 56,000

Dr Warranty Expense 20,000

Cr Cash, Supplies, Wages Payable 20,000

Dr Unearned Warranty Revenue 28,000

Cr Warranty Revenue 28,000

Explanation:

a.Preparation of 2020 Journal entries for Crow

Dr Cash 3,000,000

Cr Sales Revenue 3,000,000

(500×6,000)

Dr Warranty Expense 20,000

Cr Cash, Supplies, Wages Payable 20,000

Dr Warranty Expense 35,000

Cr Warranty Liability 35,000

b.Preparation for 2020 Journal entries for Crow if the warranties are not an integral part of the sale.

Dr Cash 3,000,000

(500×$6,000)

Cr Sales revenue 2,944,000

(3,000,000-56,000)

Cr Unearned Warranty Revenue 56,000

Dr Warranty Expense 20,000

Cr Cash, Supplies, Wages Payable 20,000

Dr Unearned Warranty Revenue 28,000

Cr Warranty Revenue 28,000

(56,000/2)

It appears that the liquidated damages provision in question in the C and H and Sun Ship case was reasonable and enforceable.

In determining whether the liquidated damages provision was enforceable or not, a court will seek to determine whether the clause is a reasonable estimate of the damages that would be incurred by the non-breaching party in the event of a breach.

Under the circumstances described, it appears that the liquidated damages provision was reasonable. Both parties were represented by senior management and legal counsel in the contracting negotiations, indicating that there was a meeting of the minds on the importance of timely delivery of the barge. In addition, the nature of the sugar cane crop's seasonality meant that the availability of ships to transport the raw sugar immediately after harvest was critical to the profitable operation of C and H's business.

The enforceability of the liquidated damages provision is also bolstered by the fact that the actual damages suffered by C and H were likely difficult to determine precisely. This case serves as a reminder of the importance of carefully considering the language of any penalty clauses included in a contract.

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The entries are made as

Apr. 1

DR Cash $30,000

CR Capital $30,000

Apr. 2

DR Rent Expense $2,100

CR Cash $2,100

Apr. 8

DR Equipment $12,000

CR Bank $3,000

CR Accounts Payable $9,000

Apr. 12

DR Cash $3,200

DR Accounts Receivable $1,200

CR Sales $4,400

Apr. 19

DR Utility Bill $225

CR Cash $225

Apr. 25

DR Cash $900

CR Accounts Receivable $900

Journal entry is recorded to report the transactions of a company the journal entries are made as follows for the business of computer repair by George Smyth

Cash is debited while capital is credited

Rent expense is debited while cash is credited

Equipment is debited while bank and accounts payable is credited

Cash and account receivable is debited while sales is credited

Utility expense is debited and and cash is credited

Cash is debited and accounts receivable is credited

Missing part of the question is: on Apr. 1, 20--. During the first month of operations, the firm had the following transactions.

Apr. 1 George Smyth invested $30,000 cash in the business.

2 Paid rent for April, $2,100.

8 Bought equipment for $12,000 and issued a check for $3,000 as a down payment.

12 Performed services for $3,200 in cash, and $1,200 on credit.

19 Paid electric bill, $225.

25 Received $900 on account from credit customers.

Required:

Record these transactions on page 1 of the general journal

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Answer:

A government can influence through taxation, subsidies, regulations, building use, prohibitions, import quotas etc.

Explanation:

Answer:

Legislation and Regulation Another way in which the government can influence the private producers is, through rules and regulations. The economies usually operate with a huge and growing amount of regulations.

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Answer:

Amounts owed to suppliers for products and/or services purchased on credit.

Explanation:

Accounts payable are basically short term debts that a company has with its suppliers. E.g. a retailer purchases goods from a wholesaler on terms n/30. In this case, the accounts payable would be the amount of money owed to the retailer. There is no specific time frame for an accounts payable, since it varies depending on the credit that the supplier gives. E.g. sometimes a supplier will sell on a 45 day credit period, or even 60 day period.

The lieutenant Smith has taken leave, and everything is running smoothly. People are, however, more attentive when she is present. Decisions are being delayed, and morale was low. The and other important supervisors are worried which some people may decide to due to her supervision, leave the service style.

Several issues must be addressed as a result of this case study. Lieutenant Smith's micromanagement technique is causing morale issues and may lead to retention issues, which is one of the main concerns. It's also troubling that she's requesting people to work extra hours without proper authorization or regard for the impact on their personal lives.

As her boss, you ought to tackle these concerns with Lt Smith and advise her on proper supervisory techniques. You could advise her to delegate more responsibilities to her NCOIC and other key supervisors, and to concentrate in strategic planning and decision-making instead of micromanaging every detail. We should also emphasise the significance of adhering to proper procedures for authorising overtime and taking into account the impact on personnel.

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If I am marketing a new running shoe, the sort of mobile applications that might enhance my marketing efforts is Dash and Mopinion.

The  importance of mobile applications in marketing operation is that it help to promote the brand of the company as well as help in the promotion of the company product to the potential customers which can help to increase the number of the customers that were patronizing the company and in the long run , the profit that the company were making initially will increase.

For instance one of the mobile application that can help in the marketing operation of a company is referred as Dash , and this help the company to be able to  organize and use brand's visual content and this will help the company to known , and as a result of this the promotion job will be possible.

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Answer:

we need a full question to this to answer

Explanation:

Answer:

1. Credit Union

2. High-risk

Explanation:

George bought a new car at a car dealership that offered on-the-spot financing through a CREDIT UNION .

George's credit score is poor, but he was still offered a HIGH-RISK loan.

I hope it helps! Have a great day!

The leadership trait would be the most important are:

The term “leadership” refers to leading the team. The team's leadership is in charge, and they have influenced the team members to complete the task. The leadership qualities are maintained and are built into the behavior.

There are the fourteen leadership trait are:

Clarity                                              Endurance

Decisiveness                                  Loyalty

Courage                                         Judgment

Passion                                          Bearing

Humility.                                         Integrity

Dependability                                Justice

Enthusiasm                                    Unselfishness

As a result, the significance of the leadership are the aforementioned.

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The tax implications of organizing Lab as an S Corporation or a C Corporation would depend on the type of income generated by the corporation and the tax rates applicable to that income.

For an S Corporation, the business income is passed through to the shareholders, and they are taxed on their personal tax returns at their marginal tax rate. In this case, Sandra would be taxed on her share of Lab's income at a 37% marginal tax rate.

For a C Corporation, the business income is taxed at the corporate level before being distributed to the shareholders as dividends. The corporate tax rate is 21%, and the qualified dividends and net capital gains are taxed at a rate of 20% for individual taxpayers.

Assuming an 8% return on a $775,000 investment and ignoring entity-level taxes, the annual income would be $62,000. If Lab is organized as an S Corporation, Sandra would pay $22,940 in personal income taxes ($62,000 * 37%). If Lab is organized as a C Corporation, the corporate taxes would be $12,930 ($62,000 * 21%) and Sandra would pay $12,400 in individual taxes on the dividends received ($62,000 * 20%).

In this case, organizing Lab as an S Corporation would result in a higher tax liability for Sandra compared to organizing it as a C Corporation. However, the best option would depend on Sandra's personal financial situation and other factors, such as the type of income generated by the corporation and the tax implications of the different forms of business organization.

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Answer:

There's two definitions.

Explanation:

1: taking personal responsibility for the consequences and costs of what you utilize and buy

2: five consumer responsibilities- staying informed, follow instructions, use products/services properly, speak against violations, and don't illegally purchase things

Inventory control is a process of maintaining the right amount of parts and products in stock to avoid shortages, overstocks, and other expensive problems that might arise in the future.

The purpose of inventory control is to reduce the number of slow-selling products that a company purchases and to increase the number of high-selling products that are purchased. As a result, businesses are able to save time and money. This is because they don't have to spend a lot of time and effort reordering goods that they don't really need, or receiving goods they don't actually need. As an additional benefit, these products are not stored in warehouses at all, which means that transportation costs are reduced and space is freed up for fast-moving finished goods, which is a further benefit.

It is critical to understand that using inventory control can help you avoid making rash decisions, as well as avoiding the pain and expense associated with overstocking your shelves. As its name suggests, inventory control helps you maintain control over your inventory level. This helps you make the best use of your resources and avoid product spoilage and obsolescence.

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Answer:

the answer is b! :)

Explanation:

Answer:

answer is b ok bro ok ok ok

The seller's final fee is $7,200. which is option D. based on the incentive contract.

The seller's final fee can be calculated by subtracting the target cost from the actual cost and multiplying it by the share ratio.

First, let's calculate the difference between the actual cost and the target cost:
Actual cost - Target cost = $249,000 - $240,000 = $9,000

Next, we multiply the difference by the share ratio:
$9,000 * (80/100) = $7,200

Therefore, the seller's final fee is $7,200.

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