Share one or two specific examples of how you will use the concepts or strategies presented in this class to contribute to your academic and career success.

Answers

Answer 1

Answer:

Explanation:

e concepts or strategies presented in this class


Related Questions

Question 10 of 10
Which scenario describes the highest level of productivity?
A. Produeing 100 shoes using resources that cost $100
B. Producing 50 shoes using resources that cost $25
c. Producing 50 shoes using resources that cost $50
D. Producing 25 shoes using resources that cost $50

SUBMIT

Answers

Answer:

producing 50 shoes using resources that cost $25

Suppose the demand for French bread rises. Explain what happens to producer surplus in the market for French bread. Explain what happens to producer surplus in the market for flour.

Answers

Answer:

When the demand for French bread rises, the price of French bread will likely increase as well. This means that the quantity of French bread that sellers are willing and able to sell at each price will increase. As a result, the total amount of revenue that sellers of French bread receive will increase, which means that producer surplus in the market for French bread will increase.

In the market for flour, the increase in demand for French bread may lead to an increase in the price of flour. This is because the increased demand for French bread will likely increase the demand for flour as well, since flour is a key ingredient in making French bread. As the price of flour increases, the producer surplus in the market for flour will also increase.

It's worth noting that the exact change in producer surplus in the market for flour will depend on the elasticity of supply of flour. If the supply of flour is relatively inelastic, the increase in price will result in a larger increase in producer surplus, whereas if the supply of flour is more elastic, the increase in price will result in a smaller increase in producer surplus

LEONE COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Finished goods inventory, beginning Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold Gross profit General and administrative expenses Selling expenses Net income $ 84,000 84,000 92.000 $ 3,251,000 $ (8,000) 3,259,000 127.000 603,000 2,529,000


How do you find the cost of goods manufactured?​

Answers

The cost of goods manufactured (COGM) is the cost of all the products that a company has manufactured during a period.

How to calculate

It is calculated by adding the beginning finished goods inventory to the total manufacturing costs, and then subtracting the ending finished goods inventory.

In the income statement you provided, the cost of goods manufactured is calculated as follows:

COGM = $92,000 + $3,251,000 - $127,000 = $3,224,000

Therefore, the cost of goods manufactured for Leone Company is $3,224,000.

Here is the formula for calculating COGM:

COGM = Beginning finished goods inventory + Total manufacturing costs - Ending finished goods inventory

The total manufacturing costs include direct materials, direct labor, and manufacturing overhead.

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what is the difference between hire purchase and differed payment?​

Answers

Explanation:

In deferred payment, the borrower will agreed to pay certain amount of money on the promised date. ... In hire purchase, the purchaser will be getting the belongings without paying the full price of the item. The purchasers would make down payment and the balance is paid in installments.

Explanation:

Hire purchase is a system by which one pays for a thing in regular installments while having the use of it but deferred payments are payments that are completely or partially postponed for financial reasons

The five stress in the workplace

Answers

The five stress in the workplace

WorkloadInterpersonal conflictsLack of controlOrganizational culture and job demandsWork-life balance

The five stress in the workplace

Stress in the workplace can stem from various factors, including excessive workloads, tight deadlines, and a high volume of tasks. Interpersonal conflicts, such as poor communication and personality clashes, can also contribute to workplace stress.

Feeling a lack of control over work-related decisions and schedules, along with a toxic organizational culture or unrealistic job demands, can further exacerbate stress levels. Additionally, difficulties in achieving work-life balance due to long hours and limited personal time can lead to increased stress and burnout.

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In this unit, you learned about using the internet for business purposes. What forms of business communication rely on the internet? How do these forms differ from each other? What are some of the risks associated with internet-based communication? Which form do you think businesses find most useful for reaching the public? Why?

Answers

Answer:The forms of business purpose is Email, instant messaging, websites, blogs, text messaging, voicemail and video messaging.Each form have there way of doing things like emailis a message.and video message is a massage but you can see who you are talking to.The Form that I think is useful is Email because everyone use it.

ty

By saving time and money, switching from paper to electronic communications might actually make it easier for your company to communicate. A few types of electronic communication include email, instant messaging, websites, blogs, text messages, voicemail, and video messaging.

What do you mean by the business Communication?

Information sharing in the workplace and with external parties is referred to as business communication.

Digital media are used in internet marketing to spread awareness of your company and encourage customers to buy your goods and services.

According to the guidelines, despite the huge and constantly expanding range of issues categorized as online safety, they may be divided into four categories of risk: content, interaction, conduct, and commerce.

A useful electronic communication tool for marketing is the blog. Electronic communication that is effective has a distinct message.

Therefore, by saving time and money, switching from paper to electronic communications might actually make it easier for your company to communicate. A few types of electronic communication include email, instant messaging, websites, blogs, text messages, voicemail, and video messaging.

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The Dubuque Cement Company packs 80-pound bags of concrete mix. Time-study data for the filling activity are shown in the following
table. Because of the high physical demands of the job, the company's policy is a 25% allowance for workers. (Round all intermediate
calculations to two decimal places before proceeding with further calculations.)
Element
Grasp and place bag
Fill bag
Seal bag
Place bag on conveyor
Performance
Rating
110%
80%
105%
85%
1
8
37
16
8
Observation (seconds)
2
8
42
17
6
3
9
38
12
9
Bag breaks open; included as delay in the allowance factor
A Conveyor jams; included as delay in the allowance factor
a) The standard time for this process = seconds (round your response to two decimal places).
4
12
34
20
30^
5
8
114
18
34

Answers

Answer:

g

Explanation:

d

what financial institution is most substantial to risks?

Answers

Cybercrime is the financial institution's most substantial risk.

For hackers, the financial industry is like the ideal gift. From your financial information and bank account information to identity information, banks and other financial organizations hold all the information a cybercriminal might possibly need.

Multiple techniques are used to carry out security assaults. For the financial industry, phishing continues to be a serious problem as it has for many years.

One of the challenges in the banking industry is communicating to all parties involved—including the board—that cybersecurity is a problem that affects the entire organization, not just IT.

This is a widespread issue that affects all industries, but the direct attacks on financial services are having a particularly large impact throughout the ecosystem.

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Think about the place where you go for cosmetology services. What keeps you going back to that hair salon, nail salon, or other place of business? Discuss the factors that impact your decision when you are the customer.

Answers

Quality of service and customer experience keep me going back to a cosmetology service provider.

As a customer of a cosmetology service provider, several factors impact my decision to return to a particular business. The most important factor is the quality of service provided. I expect the service provider to deliver excellent results that meet my expectations. Additionally, customer experience is crucial in my decision-making process. A friendly and welcoming atmosphere, attentive staff, and a comfortable environment all contribute to an enjoyable customer experience.

Cleanliness, safety, and adherence to hygiene protocols are also essential considerations. Finally, the price and value for money are critical factors in my decision, and I expect the prices to be competitive and reasonable for the quality of service provided. Overall, a combination of excellent service, enjoyable customer experience, and reasonable prices keep me going back to my preferred cosmetology service provider.

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. What dangers do entrepreneurs face when they court equity investors to provide capital to finance their companies’

Answers

Answer:

Most entrepreneurs are risk-takers by nature, or at minimum calculated visionaries with a clear plan of action to launch a new product or service to fill a gap in the industry. On a personal level, many entrepreneurs take big risks to leave stable jobs to throw their efforts (and sometimes their own money) into launching a business.

Explanation:

For entrepreneurs, there is no guaranteed monthly income, no guarantee of success, and spending time with family and friends can be a challenge in the early days of launching a company. Here are some of the most common risks that every entrepreneur and investor should evaluate and minimize before starting a business.

10 problems Faced by Entrepreneurs in India While starting their business

Financing.

Lack of Planning.

Hiring the right talent.

Effective marketing within a limited budget.

Self-doubt and uncertainty.

Dealing with criticism.

Attractive Customers.

Making Decisions.

c) “Shadow price is the increase in value created by having one additional unit of a limiting resource at original cost”. Provide a comprehensive real world example of where a shadow price can be calculated with multiple limiting factors and with more than one product. Your answer should be in a form of a short case study roughly 4 or 5 sentences. (5 marks)​

Answers

A real world example of shadow pricing would be in a case where a manufacturer produces two product A and B with 2 input such as raw materials and labor.

How is this so?

Two products (A & B) are produced through the use of two primary resources: labor & raw materials. To produce one unit of product A, we require roughly an hour's worth (60 minutes) of work time from our available pool.

Also, approximately two pounds worth of our current stockpile must be incorporated into each instance as well. Comparatively speaking, producing one unit from group B takes almost three times that much effort (3 hours' time), but only requires about half as much by weight (a single pound).

Our maximum allowance stands at exactly 60 work-hours across all levels plus another hundred pounds maximum in terms concerning these earthly elements - with that established pricing amounts to a flat rate where five dollars buys us one metric pound whereas ten dollars goes towards hourly wages; so what is their shadow price?

When dealing with limited input availability, the optimal allocation of resources and production process optimization can be achieved using shadow prices. In this regard, it has been determined that labor's shadow price stands at $10 per hour while the shadow price for raw materials is set at $5 per pound.

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Jorge has a new job in an office. Which of the following safety procedures will he most likely need to learn?​

Answers

Answer: D) How to exit safely in the event of a fire

Explanation:

Drag each label to the correct location on the image.
Identify the parts of the database table.

Drag each label to the correct location on the image.Identify the parts of the database table.

Answers

All of the data in a database is stored in tables, which are database objects. Data is logically arranged in tables using a row-and-column layout akin to a spreadsheet. Each column denotes a record field, and each row denotes a distinct record.

A table is a group of related data stored in a database in a table format. There are rows and columns in it. A table is a collection of data components that use a model of vertical columns and horizontal rows in relational databases and flat file databases. The unit where a row and column cross is called a cell.

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Market research can help you strategize your _______ and _______ goals.

Primary research is more _______ than secondary research.

Your first marketing priority is to find out if you can _______ your product or services.

The grouping of people for marketing purposes is called _______.

Once you find out what people want, there’s a need to know the _______ for their choices.

Answers

Market research can help you strategize your business and marketing goals.

Primary research is more specific and tailored to your specific needs than secondary research.

Your first marketing priority is to find out if you can sell your product or services.

The grouping of people for marketing purposes is called segmentation.

Once you find out what people want, there's a need to know the motivations for their choices.

Market research plays a critical role in shaping business and marketing strategies by providing valuable insights into customer preferences, market trends, and competitive landscapes. It helps in identifying target markets, understanding customer needs, and developing effective strategies to achieve business and marketing goals.

By conducting research, businesses can gather data and information to inform their decision-making and ensure that their goals are aligned with customer expectations and market opportunities.

Primary research involves gathering firsthand data directly from the source, such as through surveys, interviews, or observations. It is more specific and focused on the unique needs and objectives of a particular study. Secondary research, on the other hand, involves using existing data and information from published sources.

While secondary research provides a broader understanding of a topic, primary research allows for more control and customization of the research process to address specific research objectives.

When launching a new product or service, one of the primary marketing priorities is to determine if there is a demand for it in the market.

Market research helps in assessing the viability and potential success of a product or service by gathering insights on customer preferences, needs, and market conditions. This information enables businesses to make informed decisions about product development, positioning, pricing, and marketing strategies.

Segmentation is the process of grouping individuals with similar characteristics or behaviors into distinct segments for marketing purposes.

By segmenting the market, businesses can target specific groups that are most likely to be interested in their products or services. Market segmentation allows for more personalized and targeted marketing strategies, resulting in better customer engagement and increased marketing effectiveness.

Once businesses identify what people want through market research, it becomes crucial to understand the motivations behind their choices. This involves delving deeper into the underlying reasons, preferences, and factors that drive consumer behavior.

By understanding the motivations behind consumer choices, businesses can tailor their marketing messages, product features, and overall customer experience to better align with customer needs and increase the chances of success in the market.

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Wally's Walleyes wants to introduce a new product that has a start-up cost of $7,800. The product has a 2-year life and will provide cash flows of $4,500 in Year 1 and $4,300 in Year 2. The required rate of return is 15 percent. Should the product be introduced? Why or why not?

Answers

The calculated NPV is negative, indicating that the present value of expected cash flows does not exceed the start-up cost of the project. In other words, the project is expected to generate a net loss.

To determine whether Wally's Walleyes should introduce the new product, we can calculate the net present value (NPV) of the project. The NPV measures the present value of expected cash flows, taking into account the required rate of return.

To calculate the NPV, we need to discount the cash flows using the required rate of return (15 percent). The formula for calculating NPV is:

NPV = Cash Flow Year 1 / (1 + Required Rate of Return)^1 + Cash Flow Year 2 / (1 + Required Rate of Return)^2 - Start-up Cost

\(NPV = $4,500 / (1 + 0.15)^1 + $4,300 / (1 + 0.15)^2 - $7,800\)

\(NPV = $4,500 / 1.15 + $4,300 / (1.15)^2 - $7,800\)

NPV = $3,913.04 + $3,537.41 - $7,800

NPV = -$350.55

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What should you remember when you
are scheduled for a job interview?
A. Look them in the eye while you speak to them.
B. You do not need to take documents with you as you
would have submitted them beforehand.
C. Get there on time or a bit late so you don't have to
wait.
D. Frequently look at your watch so they know your
time is valuable.

Answers

Hiiiiiiiiiiiiiiiiiiiiiiiiiiii 61627370+262637737373=262662633y

Answer:

A

Explanation:

"Mr. Bergh sent the firm's then top 60 managers six questions about the pros and cons of the business - and started interviewing each of them." Why would Mr. Bergh ask his managers questions about the pros and cons of the business? What type of information was he attempting to retrieve in his interview process? Do you feel that this is an effective way of communication from a leadership perspective?

Answers

Mr. Bergh asked his managers about the pros and cons of the business to gather valuable insights, encourage collaboration, and enhance organizational performance, making it an effective communication approach from a leadership perspective.

Mr. Bergh likely asked his managers questions about the pros and cons of the business to gain valuable insights and feedback from those who have a deep understanding of the organization's operations. By seeking input from the top 60 managers, he could gather a comprehensive perspective on the strengths and weaknesses of the business.

In his interview process, Mr. Bergh was likely attempting to retrieve information about various aspects of the business, such as identifying areas of improvement, understanding challenges faced by the managers, exploring potential opportunities, and gathering ideas for strategic decision-making.

By asking specific questions, he could assess the managers' knowledge, critical thinking, and problem-solving abilities. The goal would be to obtain actionable insights that could inform the company's future direction and enhance its performance.

From a leadership perspective, this approach can be highly effective. Engaging with managers and soliciting their opinions demonstrates a collaborative and inclusive leadership style.

It empowers managers by involving them in decision-making processes and signaling that their expertise and perspectives are valued. It also fosters a culture of open communication, encourages creativity, and enables the organization to tap into the collective intelligence of its top management.

However, the effectiveness of this approach depends on the receptiveness of the managers, the level of trust and psychological safety within the organization, and how the collected feedback is utilized.

It is essential for leaders to create an environment where managers feel comfortable expressing their views and ensure that the information gathered is acted upon or considered in decision-making processes. Regular and transparent communication should follow to close the feedback loop and demonstrate a commitment to continuous improvement.

In summary, asking managers about the pros and cons of the business and conducting interviews can be an effective way for a leader to gather valuable insights, foster collaboration, and enhance organizational performance when accompanied by a supportive leadership style and a commitment to act upon the feedback received.

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In a traditional economy, decisions about which goods are produced are
based on:
O
A. what businesses believe will generate the most profits.
B. what the government decides is important for society.
ОО
C. what the local community has made for generations,
D. what goods are most likely to sell in international markets.

Answers

The answer is c because in the story it really tells u
Answer for your question is C

If Congress wanted to use contractionary fiscal policy to combat inflation, they wouldQuestion 10 options:Raise taxes and cut spendingCut taxes and raise spendingRaise taxes and raise spendingCut taxes and cut spendingDestroy moneyPrint money

Answers

If Congress wished to battle inflation through contractionary fiscal policy, they would a) raise taxes and slash spending.

A contractionary policy is a monetary measure used by a central bank to restrict government spending or the rate of monetary expansion. It is a macroeconomic measure used to control growing inflation.

The main contractionary measures used by the US government include raising interest rates, boosting bank reserve requirements, and selling government securities. Contractionary measures are intended to prevent potential capital market distortions.

High inflation from a rising money supply, unjustified asset prices, or crowding-out effects, in which a rise in interest rates leads to a fall in private investment spending, dampening the initial increase in total investment spending, are examples of distortions.

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Correct question:

If Congress wanted to use contractionary fiscal policy to combat inflation, they would

a) Raise taxes and cut spending

b) Cut taxes and raise spending

c) Raise taxes and raise spending

d) Cut taxes and cut spending

e) Destroy money

f) Print money

2. What are the issues/problems that Elon Musk and other members of Tesla’s top management team need to address as of mid-2018?

Answers

Ans. The problem is related to the technology used in the production of cars. When you are in a competitive car industry, there will always be issues

Nancy's lease deed clearly states that she will have to pay $1,250 as rent per month and $2,000 as a one-time payment to secure her performance of duties under the lease. This $2,000 is known as _____.

Answers

Answer:

Security Deposit

Explanation:

Security deposit is the correct answer because this is the amount that has been considered by the owner when there is any damage occurs. This amount is paid initially which is more than the monthly payment and refundable when the agreement finishes. In the given question it can be clearly seen that the security money is more than monthly payment of $2000.

Goodies (Pty) Ltd is a retailer of children's toys. The Management Accountant created the sales budgets for the last four months of the financial year ended December 2023. The budget is presented below: Month Cash Sales Credit Sales Total Sales September R 60 000 450 000 510 000 October R 50 000 500 000 550 000 November R 70 000 420 000 490 000 December R 30 000 510 000 540 000 Additional information: Collections regarding credit sales are as follows: . 50% in the month of the sale and is therefore subject to a 4% settlement discount. 25% one month after the month of sale. 20% two months after the month of the sale and the remainder (5%) is uncollectable. Goodies (Pty) Ltd's inventory requirements are 25% of the next month's total budgeted sales amount. Inventory is purchased in the month preceding its expected sale. All inventory purchases are made on credit. The suppliers' terms of payment require that 40% be paid in the month of purchase and the balance (60%) be paid in the month after the month of purchase. Direct wages amount to R15 000 per month. Wages are all paid in cash as they occur. January 2024 sales are expected to comprise of R550 000 credits sales and R30 000 cash sales. The bank is expected to be in an overdraft of R42 000 on 31 October 2023. Selling, distribution, and administrative costs are expected to be 50% of the monthly total sales and include depreciation of R25 000 per month.​
prepare a cash budget for Goodies (Pty) Ltd for the months of November 2023 and December 2023.
show all workings

Answers

Based on the cash budget, Goodies (Pty) Ltd is expected to have a bank overdraft of R105 000 at the end of November, which will increase to R241 000 at the end of December.

To prepare the cash budget for Goodies (Pty) Ltd for the months of November and December 2023, we need to take into account the following information:

Sales (cash and credit) for each month

Collections from credit sales

Purchases of inventory

Payments for inventory purchases

Direct wages

Selling, distribution, and administrative costs

Depreciation

Bank overdraft

Using this information, we can prepare the cash budget as follows:

Goodies (Pty) Ltd

Cash Budget for November and December 2023

November December

Cash receipts:

Cash sales R 70 000 R 30 000

Collections from credit sales:

Month of sale R 225 000 R 255 000

1 month after sale R 105 000 R 84 000

Total cash receipts R 400 000 R 369 000

Cash disbursements:

Inventory purchases R 137 500 R 137 500

Direct wages R 15 000 R 15 000

Selling, distribution, and administrative costs R 245 000 R 270 000

Payments for inventory purchases:

Month of purchase R 55 000 R 82 500

1 month after purchase R 82 500 R -

Total cash disbursements R 535 000 R 505 000

Net cash flow (R 135 000) (R 136 000)

Opening bank balance R 30 000 R (105 000)

Closing bank balance R (105 000) R (241 000)

Bank overdraft R (105 000) R (241 000)

Workings:

Collections from credit sales:

Month of sale: 50% of credit sales = (50% x R450 000) + (50% x R420 000) = R435 000

4% settlement discount: 4% x R450 000 = R18 000

Total collections from credit sales in November: R435 000 - R18 000 = R417 000

Total collections from credit sales in December: R420 000 x 50% = R210 000

Purchases of inventory:

December inventory required: 25% x R550 000 = R137 500

Payments for inventory purchases:

November purchases: 40% x R137 500 = R55 000

December purchases: 60% x R137 500 = R82 500

Selling, distribution, and administrative costs:

November: 50% x R490 000 = R245 000

December: 50% x R540 000 = R270 000

Net cash flow:

November: Total cash receipts - Total cash disbursements = R400 000 - R535 000 = (R135 000)

December: Total cash receipts - Total cash disbursements = R369 000 - R505 000 = (R136 000)

Based on the cash budget, Goodies (Pty) Ltd is expected to have a bank overdraft of R105 000 at the end of November, which will increase to R241 000 at the end of December.

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Read the following paragraphs about four films and then identify the purpose of each paragraph.

Answers

According to the paragraph, (1) The paragraph of the conclusion made to evaluate. (2) To Summarize. (3) To Synthesize. (4) To Analyze.

What is the main purpose of each paragraph?

Your paragraphs help to clarify, establish, and support your thesis statement or argument while also directing the reader through the document.

An successful paragraph should always have the following four components: unity, coherence, a topic sentence, and adequate development. One main topic or point should be covered in each paragraph.

Therefore, After reading the following paragraphs about four films and then identifying the purpose of each paragraph the conclusion made is:

To Evaluate.To Summarize.To Synthesize.To Analyze.

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The complete question is attached:

Read the following paragraphs about four films and then identify the purpose of each paragraph.

For each of the following, indicate if a discrete or a continuous random variable provides the best definition:
a. The number of cars that arrive each day for repair in a two-person repair shop
b. The number of cars produced annually by General Motors
c. Total daily e-commerce sales in dollars
d. The number of passengers that are bumped from a specific airline flight 3 days before Christmas

Answers

a.) Discrete variable renders the proper definition in this case because there is no way we can measure the no. Of cars that arrive for washing each day. It can only be counted.

What is Discrete Variable?

A discrete variable is one whose value is acquired by counting, and a continuous variable is one which is acquired by measuring.

b.) Discrete variable will render the proper definition of cars produced annually because we cannot measure the no. Of cars produced annually rather, we can count it.

c.) Discrete random variables will provide an improved definition in this case because total daily e-commerce sales can only be counted.

d.) Discrete variable is the one which will provide a better definition because of the no. Passengers can only be counted, not measured.

Therefore, Discrete and continuous random variables are indicated above.

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what is large office​

Answers

Answer:

Large office is big organisations with many clerical workers.

I hope it will help you ((:


Ghana is the largest exporter of cocoa, while Netherland is the largest importer of cocoa. How have the two participating countries benefited by global
trade?

Answers

The biggest importer of cocoa is the Netherlands, whereas Ghana is the biggest supplier of the bean. Global commerce helped the two participating nations by boosting their economies.

The Netherlands imports the most cocoa, but why is that?

In more than half of the instances, they were Ivory Coast natives. The world's leading importer of cocoa beans is now the Netherlands. The Dutch chocolate processing industry will get around three-quarters of it, with the remaining one-fourth being immediately sold to other countries.

How does participating in international trade assist countries?

By international trade, nations can get goods and services that would not otherwise be available domestically, so increasing their markets. As a result of international trade, the market is more competitive. As a result, prices become more competitive and the buyer receives a less priced product.

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Which is the best capacity for anoversizearray that records daily phone sales during a month. Maximum number of sales for a single day is 100.
a. 30
b. 31
c. 99
d. 100

Answers

Explanation:

Vinod Airtel line segment join in a minute app to see divided a triangle acid into part equal in area

Since you are selling friendship bracelets online, the Internet service provider (ISP) is your agent.
True
False

Answers

Answer:

false

Explanation:

the internet service provider is a service for internet not an agency

Answer:

true on edgin

Explanation:

Which of the following best describes the front-end function of a cloud computing network?

Which of the following best describes the front-end function of a cloud computing network?

Answers

Answer:

the practice of using a network of remote servers hosted on the Internet to store, manage, and process data, rather than a local server

Explanation:

908 25. द्वितीय लेखाविधि तथा विश्लेषण Nuwakot Consultancy was organized on June 2, 2019, by a group of accountants to provide accounting and tax services to small businesses in Kathmandu. The following transactions occurred during the first month of business. June 2 June 5 June 8 June 15 June 17 June 23 June 28 June 29 Received contributions of Rs. 10,000 from each of the three owners of the business is exchange for shares of stock. Purchased a computer system for Rs. 12,000. The agreement with the vendor requires a down payment of Rs. 2,500 with the balance in 60 days. Signed a two-year promissory note at the bank and received cash of Rs. 20,000. Billed Rs. 12,350 to clients for the first-half of June. Paid a Rs. 900 bill from the local newspaper for advertising for the month of June. Received the amounts billed to clients for services performed during the first half of the month. Received and paid gas, electric, and water bills. The amount is Rs. 2,700. Received the landlord's bill for Rs. 2,200 for rent on the office space that Nano Consultancy leases. The bill is payable by the 10th of the following month. Paid salaries and wages for June. The total amount is Rs. 5,670. Billed Rs. 18,400 to clients for the second half. Declared and paid dividends in the amount of Rs. 6,000. June 30 June 30 June 30 Required: (a) Journal entries on the books of Nuwakot Consultancy. (For the transactions entered into during the month. Ignore depreciation and interest expenses). (b) Post the transactions into T-accounts. (c) A trial balance at June 30, 2019.​

Answers

1. The Journal Entries on the books of Nuwakot Consultancy for the June Transactions are as follows:

Journal Entries:

Date    Transactions                          Debit       Credit

June 2 Cash                               Rs. 30,000

Common Stock                                            Rs. 30,000

June 5 Computer                      Rs. 12,000

Cash                                                               Rs. 2,500

Accounts Payable                                         Rs. 9,500

June 8 Cash                            Rs. 20,000

Notes Payable                                            Rs. 20,000

June 15 Accounts Receivable Rs. 12,350

Service Revenue                                        Rs. 12,350

June 17 Advertising Expense     Rs. 900

Cash                                                                Rs. 900

June 23 Cash                          Rs. 12,350

Accounts Receivable                                Rs. 12,350

June 28 Utility Expense           Rs. 2,700

Cash                                                            Rs. 2,700

June 29 Rent Expense            Rs. 2,200

Rent Payable                                             Rs. 2,200

June 30 Salaries &

   Wages Expense                  Rs. 5,670

Cash                                                          Rs. 5,670

June 30 Accounts Receivable Rs. 18,400

Service Revenue                                   Rs. 18,400

June 30 Dividends                Rs. 6,000

Cash                                                       Rs. 6,000

2. The Posting of the transactions into T-accounts is as follows:

Cash Account

Date    Transactions                          Debit       Credit

June 2 Common Stock             Rs. 30,000

June 5 Computer                                              Rs. 2,500

June 8 Notes Payable             Rs. 20,000

June 17 Advertising Expense                             Rs. 900

June 23 Accounts Receivable Rs. 12,350

June 28 Utility Expense                                  Rs. 2,700

June 30 Salaries and Wages Expense          Rs. 5,670

June 30 Dividends                                         Rs. 6,000

June 30 Balance                                           Rs. 44,580

                                               Rs. 62,350    Rs. 62,350

Common Stock

Date    Transactions                          Debit       Credit

June 2 Cash                                               Rs. 30,000

Computer

Date    Transactions                          Debit       Credit

June 5 Cash                              Rs. 2,500

June 5 Accounts Payable        Rs. 9,500

June 30 Balance                                        Rs. 12,000

Accounts Payable

Date    Transactions                          Debit       Credit

June 5 Computer                                        Rs. 9,500

Notes Payable

Date    Transactions                          Debit       Credit

June 8 Cash                                              Rs. 20,000

Rent Payable

Date    Transactions                          Debit       Credit

June 29 Rent Expense                              Rs. 2,200

Accounts Receivable

Date    Transactions                          Debit       Credit

June 15 Service Revenue          Rs. 12,350

June 23 Cash                                             Rs. 12,350

June 30 Service Revenue        Rs. 18,400

Service Revenue

Date    Transactions                          Debit       Credit

June 15 Accounts Receivable                    Rs. 12,350

June 30 Accounts Receivable                   Rs. 18,400

June 30 Balance                      Rs. 30,750

Advertising Expense

Date    Transactions                          Debit       Credit

June 17 Cash                                  Rs. 900

Utility Expense

Date    Transactions                          Debit       Credit

June 28 Cash                             Rs. 2,700

Rent Expense

Date    Transactions                          Debit       Credit

June 29 Rent Payable               Rs. 2,200

Salaries and Wages Expense

Date    Transactions                          Debit       Credit

June 30 Cash                              Rs. 5,670

Dividends

Date    Transactions                          Debit       Credit

June 30 Cash                                Rs. 6,000

3. The preparation of the trial balance at June 30, 2019, is as follows:

Date    Transactions                          Debit       Credit

Cash                                            Rs. 44,580

Common Stock                                            Rs. 30,000

Computer                                   Rs. 12,000

Accounts Payable                                         Rs. 9,500

Notes Payable                                            Rs. 20,000

Rent Payable                                                Rs. 2,200

Accounts Receivable               Rs. 18,400

Service Revenue                                       Rs. 30,750

Advertising Expense                    Rs. 900

Utility Expense                           Rs. 2,700

Rent Expense                            Rs. 2,200

Salaries and Wages Expense   Rs. 5,670

Dividends                                  Rs. 6,000

Totals                                      Rs. 92,450 Rs. 92,450

What are the journal entries?

Journal entries are made to record the transactions of a business as they occur daily.

Journal entries help post transactions to the general ledger (T-accounts).

With a trial balance, the balances in the general ledger are summarized to prepare financial statements.

Transaction Analysis:

June 2 Cash Rs. 30,000 Common Stock Rs. 30,000

June 5 Computer Rs. 12,000 Cash Rs. 2,500 Accounts Payable Rs. 9,500

June 8 Cash Rs. 20,000 Notes Payable Rs. 20,000

June 15 Accounts Receivable Rs. 12,350 Service Revenue Rs. 12,350

June 17 Advertising Expense Rs. 900 Cash Rs. 900

June 23 Cash Rs. 12,350 Accounts Receivable Rs. 12,350

June 28 Utilities Expense Rs. 2,700 Cash Rs. 2,700

June 29 Rent Expense Rs. 2,200 Rent Payable Rs. 2,200

June 30 Salaries and Wages Expense Rs. 5,670 Cash Rs. 5,670

June 30 Accounts Receivable Rs. 18,400 Service Revenue Rs. 18,400

June 30 Dividends Rs. 6,000 Cash Rs. 6,000

Learn more about journal entries at https://brainly.com/question/28390337

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