The Pet Store experienced the following events for the Year 1 accounting period:________.
1. Acquired $60,000 cash from the issue of common stock.
2. Purchased $65,000 of inventory on account.
3. Received goods purchased in Event 2 FOB shipping point; freight cost of $900 paid in cash.
4. Sold inventory on account that cost $38,000 for $71,000.
5. Freight cost on the goods sold in Event 4 was $620. The goods were shipped FOB destination. Cash was paid for the freight cost.
6. Customer in Event 4 returned $4,200 worth of goods that had a cost of $2,150.
7. Collected $58,300 cash from accounts receivable.
8. Paid $59,200 cash on accounts payable.
9. Paid $2,600 for advertising expense.
1. Paid $3,100 cash for insurance expense.
Required:
a. Which of these events affect period (selling and administrative) costs? Which result in product costs? If neither, label the transaction
b. Record the above events in a horizontal statement model. In the Cash Flow column, use OA to designate operating activity, IA for NA. investment activity, FA for financing activity, NC for net change in cash and NA to indicate the element is not affected by the event. The beginning balances have been recorded as an example.
Complete this question by entering your answers in the tabs below.
Required A Required B
Which of these events affect period (selling and administrative) costs? Which result in product costs? If neither, label the transaction NA.
Transaction Cost
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4
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Answers

Answer 1

Answer:

I used an excel spreadsheet since there is not enough room here

Explanation:

         


Related Questions

What motivation theories apply to the workers at Aramark?

Answers

The two-element theory of Herzberg served as the foundation for the employees' motivation.

What is motivation theories?

Understanding what motivates a person to work toward a specific goal or result is the subject of motivation theory. Everybody of society can benefit from it, but business and management stand to gain the most.

This is so because motivated employees are more productive, and more lucrative employees are those that are more productive.

Maslow's Hierarchy of Needs, Herzberg's Two-Factor Theory, McClelland's Three Needs Theory, and McGregor's Theory X, Theory Y are four fundamental theories of motivation.

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Question 5 Shop A charges $275.00 for an oil change and has a gross oil profit percent of 39.1% for its total oil gross profit 96. Shop B charges $275.00 for an oil change and has a gross oil profit percent of 28.4% for its total oil gross profit . Both shops pay $21.25 per gallon of oil. What is the Profit per Lube for Shop B?​

Answers

To calculate the Profit per Lube for Shop B, we need to determine the total profit made from each oil change and then divide it by the amount of oil used.

First, we need to find the total oil gross profit for Shop B. We know that Shop B charges $275.00 for an oil change and has a gross oil profit percent of 28.4%. This means the gross oil profit is calculated as a percentage of the total price.

Gross oil profit for Shop B = 28.4% of $275.00

                                = (28.4/100) * $275.00

                                = $78.10

Next, we need to calculate the amount of oil used for each oil change. We are given that both shops pay $21.25 per gallon of oil.

Amount of oil used for each oil change = $275.00 / $21.25 per gallon

                                                     = 12.94 gallons (rounded to two decimal places)

Finally, we can calculate the Profit per Lube for Shop B by dividing the total oil gross profit by the amount of oil used.

Profit per Lube for Shop B = Gross oil profit for Shop B / Amount of oil used

                                       = $78.10 / 12.94 gallons

                                       ≈ $6.03 per gallon

Therefore, the Profit per Lube for Shop B is approximately $6.03 per gallon.

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please help me i will give 70 points and branlyist

Step 1: Understand the Terms
Step 2: Think about What HR Entrepreneurs Do
Step 3:Imagine you are an HR entrepreneur speaking to an owner of the small business from Step 2. Write a speech that explains:What an HR entrepreneur does
How you as an HR entrepreneur could help the business solve a specific problem)

Answers

An entrepreneur is an innovator in an economy who opens or operates a business because he wants to solve a problem that exists in an economy.

What does an HR entrepreneur do?

The role of the Human resource entrepreneur is to help the entrepreneurial activities that are ongoing in a business on the aspects of management.

They are to support the business in a way that would help to maximize performance for the business.

Some of the activities that they would help to do is that they help in the hiring of competent hands that would help the business.

The way that I would be able to help the business to solve a specific problem would be by hiring the competent hand that can do the job well.

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Alfred E. Old and Beulah A. Crane, each age 42, married on September 7,2017. Alfred and Beulah will file a joint return for 2019. Alfred's Social Security number is 111-11-1109. Beulah's Social Security number is 123-45-6780, and she adopted "Old" as her married name. They live at 211 Brickstone Drive, Atlanta, GA 30304. Alfred was divorce from Sarah Old in March 2016. Under the divorce agreement, Alfred is to pay Sarah $1,250 per month for the next 10 years or until Sarah's death, whichever occurs first. Alfred pays Sarah $15,000 in 2019. In addition, in January 2019, Alfred pays Sarah $50,000, which is designated as being for her share of the marital property. Also, Alfred is responsible for all prior years' income taxes. Sarah's Social Security number is 123-45-6788. Alfred's salary for 2019 is $150,000. He is an executive working for Cherry.Inc. (Federal I.D. No. 98-7654321). As part of his compensation package, Cherry provides him with group term life insurance equal to twice his annual salary. His employer withheld $24,900 for Federal income taxes and $8,000 for state income taxes. The proper amounts were withheld for FICA taxes. Beulah recently graduated from law school and is employed by Legal Aid Society.Inc. (Federal I.D. No. 11-1111111), as a public defender. She receives salary of $42,000 in 2019. Her employer withheld $7,500 for Federal income taxes and $2,400 for state income taxes. The proper amounts were withheld for FICA taxes. Alfred and Beulah had interest income of $500. They received $1,900 refund on their 2018 state income taxes. They claimed the standard deduction on their 2018 Federal income tax return. Alfred and Beulah pay $4,500 interest and $1,450 property taxes on their personal residence in 2019. Their charitable contributions total $2,400 (all to their church). They paid sales taxes of $1,400, for which they maintain the receipts. Alfred and Beulah have never owned or used any virtual currency, and they do not want to contribute to the Presidential Election Campaign. Compute the Old's net tax payable (or refund due) for 2019. Suggested software: ProConnect Tax Online

Answers

To compute the Olds' net tax payable (or refund due) for 2019, we need to gather all the relevant information and calculate their taxable income, apply the appropriate tax rates, deductions, and credits. Since the tax calculation involves various factors and tax laws, it would be best to use tax software such as ProConnect Tax Online or consult with a tax professional. The software will streamline the process and ensure accurate calculations based on the specific tax laws and regulations applicable to the Olds' situation.

Which situation is an example of indirect taxation?
OA. Stores charge sales tax on each purchase and give that money to
the government.
OB. Homeowners must pay a percentage of their home's worth to the
government.
OC. Businesses must send a portion of their income each year to the
government.
OD. Every citizen sends the government money to support the armed
forces.
SUBMIT

Answers

Option A is the correct answer. Indirect taxation is the situation where taxes are imposed on products or services and not directly on individuals. Therefore, the example of indirect taxation in the situation given is when stores charge sales tax on each purchase and give that money to the government.

Stores charge sales tax on each purchase and give that money to the government is an example of indirect taxation.Indirect taxation is a method of taxation in which individuals are not taxed directly, but instead, the tax is paid through an intermediary.

The tax is generally imposed on products or services. This tax, which is passed on to the customer as part of the price of the good or service, is then collected by the seller and forwarded to the government.

Sales tax, excise tax, and customs duty are all examples of indirect taxes.

Therefore, Option A is the correct answer.

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PLEASE HELP!! This is economics/business work. Will give brainliest if correct!!

PLEASE HELP!! This is economics/business work. Will give brainliest if correct!!

Answers

IM NOT SURE but I THINK it is 1 Korean car costs 3 motorcycles
i’m pretty sure it’s the last one not 100% sure but i think this because for every car there is 3 motorcycles

4.2.9 Quiz: Selecting a Candidate and Making an Offer
Question 9 of 10
Which of the following is a way for an HR department to ensure it is following
up with job candidates in an EEO-compliant manner?
OA. They ensure that they have asked job candidates about their
willingness to work weekends.
OB. They ensure that have look at their budget before making a firm
offer on the wage or salary.
OC. They ensure that they ask job candidates about why they left their
last job or position.
OD. They ensure job candidates have been recruited from a wide
variety of minority channels.

Answers

One way that an HR department can ensure it is following up candidates right is D. They ensure job candidates have been recruited from a wide variety of minority channels.

What is EEO Compliance ?

It is crucial for organizations to maintain a diverse candidate pool as it upholds EEO compliance, thereby preventing discrimination and enabling equal opportunities, adopting various minority channels in the recruitment process guarantees unbiased consideration of applicants from distinct backgrounds, which counters traditional recruitment methods that may be partial to certain groups.

Through this approach, HR departments can ensure impartiality and inclusivity in their hiring processes while serving the organization's overall best interests.

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Here is a attached photo to my problem needing a answer

Answers

Answer:

That is a good photo that is a problem that needs an answer.

Explanation:

It doesn't have a photo :))

There is no photo lol . I think I get it.

Which statement best describes the difference between a market and traditional economy

Answers

Answer:  in a traditional economy, decisions are based on habit and custom

Explanation:

What happens when demand decreases while supply increases

Answers

Explanation: When demand decreases while supply increases, it creates a situation of surplus, also known as oversupply. This is because there is now more supply available in the market than there is demand for it, leading to a surplus of goods or services.

As a result, businesses may have to lower their prices to incentivize consumers to purchase their products or services. This can lead to a decrease in revenue for the businesses and potentially even lower profits. In some cases, businesses may also need to reduce their supply in response to the decrease in demand.

If the surplus persists over a longer period, businesses may also need to cut costs, such as reducing staff or production capacity, in order to remain profitable. This can have broader economic implications, such as rising unemployment rates and a decrease in overall economic activity.

Overall, a decrease in demand while supply increases can have negative consequences for businesses and the economy as a whole.

Answer: When demand increases and supply increases it leads to reduction in the equilibrium price.

Explanation:

The market price will fall as a result of a decline in demand and an increase in supply because, for any quantity, consumers now place a lower value on the item and producers are ready to accept a lower price.

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chất lượng tối ưu là gì

Answers

Answer:

net là một thị trường hiệu quả hay không hiệu quả

Explanation:

net là một thị trường hiệu quả hay không hiệu quả

Leslie was born on September 12, 2002. When will Leslie be able to purchase alcohol?

Answers

Leslie was born on September 12, 2002. When will Leslie be able to purchase alcohol? In most countries around the world, the legal drinking age is 18 years old or above. In the United States of America, it is 21 years old.

Leslie, born in 2002, is currently 19 years old. This implies that Leslie can purchase alcohol if she resides in a country where the legal drinking age is 18 years or above.

A few countries, such as Italy, allow 16-year-olds to drink beer or wine with a meal if they are accompanied by an adult.

However, these laws vary from one country to another, and the safest bet is to look up the drinking laws in your specific country or region to learn more about legal drinking ages.

Alcohol is harmful when consumed in excessive quantities, causing mental and physical problems.

Thus, it is critical to consume alcohol responsibly, regardless of the legal drinking age in one's region. If Leslie chooses to drink alcohol, she should only do so in moderation and not become addicted to it.

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Should VALORANT give out free skins?

Answers

Explanation:

Take a meme.

Should VALORANT give out free skins?

Once you have this, you can most likely begin creating your slide presentation.

A. An outline of the material you want to cover in your slide presentation.

B. The date and location of your slide presentation.

C. The best colors and size to use for your fonts.

D. A good collection of images

Answers

Answer:

A. An outline of material you want to cover in your slide presentation.

Answer:

A.

Explanation:

What step of the scientific method involves a cosmetologist trying to determine what is behind a clients issue that needs to be addressed? 

A) Identify the problem

B) Develop the explanation

C) Predict future events

D) Test predictions

I’m so stuck on this question cause I would say all of above but there is no selection for that so I just want a second opinion.

Answers

Answer:

A) Identify the problem is the correct answer.

Explanation:

The scientific method is a systematic approach to solving problems and answering questions that involves the following steps:

Identify the problem: This is the first step in the scientific method and involves identifying a problem or question that needs to be addressed. In the case of a cosmetologist trying to determine what is behind a client's issue, this step would involve identifying the specific problem that needs to be addressed, such as a particular skin condition or hair issue.

Develop a hypothesis: After the problem has been identified, the next step is to develop a hypothesis, or an educated guess, about what might be causing the problem.

Test the hypothesis: The third step involves conducting experiments or observations to test the hypothesis.

Analyze the results: This step involves analyzing the data collected during the testing phase to see if the hypothesis was supported or not.

Draw conclusions: Based on the analysis of the results, the final step is to draw conclusions about the problem and communicate the findings to others.

Therefore, the step of the scientific method that involves a cosmetologist trying to determine what is behind a client's issue that needs to be addressed is A) Identify the problem.

In a second-price sealed bid auction, what is the (weakly) dominant strategy for each bidder? Explain and show your reasons.

Answers

A player's offer that is equal to her value weakly outperforms all of her previous bids in a second-price sealed-bid auction. So speaking the truth is a marginally effective tactic.

What is a second-price sealed bid auction?

Generally, A bidder who provides the highest price receives the product at the second-highest price in a second-price sealed-bid auction. The issues with both English auctions and the first encased auctions are resolved by this kind of auction.

Theorem In an auction with sealed bids at the second price, a player's offer that is equal to her value has a little advantage over all of her other bids.

In other words, stating the truth is a strategy that has a marginally dominating position.

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What are the major issues and concerns of macroeconomics?​

Answers

macroeconomics is concerned with how the overall economy works. It studies such things as employment, gross domestic product, and inflation—the stuff of news stories and government policy debates.

Unemployment levels InflationEconomic growth

Explanation:

Choosing a new bank. You’re getting married and are unhappy with your present bank. Discuss your strategy for choosing a new bank and opening an account. Consider the factors that are important to you in selecting a bank—such as the type and ownership of new accounts and bank fees and charges.

Answers

Which bank has the best rating, which bank has the qualifications you want in a bank

A company has a process that results in 24.000 pounds of Product A that can be sold for $8 per pound. An alternative would be to process Product A further at a cost of $160,000 and then sell it for $14 per pound. Should management sell Product A now or should Product A be processed further and then sold

Answers

Answer:

Yes the management should sell product A and processed further

Explanation:

Please mark me as brainlyest

Which scenario describes a job seeker using an online resource for a job search?

Answers

Answer:

A job seeker using an online resources for job search shows how

technology and the internet in particular has helped to simplify our everyday life. The use of online resources shows how much the internet has helped to reshape and revolutionize so many sectors of the society. This use of online resources in job search provides a much faster way of reaching and covering a wide range of available jobs within and far beyond your immediate geographical range. Before the internet, job searches were typically done manually, and the process consumed a lot of time and resources and was mostly limited a certain geographical range. Nowadays, someone in the US can easily apply for a job post on the internet all the way in Germany.

Answer:

these are the questions, how do you forget to put the questions??

Explanation:

A.

Tabitha visits a career expo that many architectural firms are attending.

B.

Samuel speaks to a former coworker to ask about job openings at his company.

C.

Pauline checks job listings on the career page of a company’s website.

D.

Jay registers with an employment agency to help him find jobs in engineering.

Dawn, a grocery store manager, is packaging pasta salad for retail sale at the store. Which three of the following details should she include on the label? the ingredient list the storage guidelines the location of the distributor the date of product packaging the quantity of food

Answers

The three details which Dawn should include on the label for retail sale at the store include the following:

The ingredient list.The storage guidelines.The date of product packaging.

What is a product label?

A product label can be defined as a paper document that is designed and developed to provide specific information about the chemical elements, ingredient list, nutrients, storage guidelines, and other chemical compounds that are present in a product and its general use or function, including storage guidelines.

This ultimately implies that, a product label is a paper document which must be used by manufactures and store managers to specify the nutrients, ingredient list, chemical elements, storage guidelines, expiry date, and other compounds that were used to make a particular product.

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орг. Explain the stages in career development plan.​

Answers

Explanation:

About modern career development, there are six stages of modern career development : Assessment , investment , preparation, commitment , retention, and transition .

assessment: in the assessment you are getting ready for life's works. you started to feel like you want to know more about yourself and make a conscious effort to get in touch with you who you really you are.

key task:

Taking assessment instruments. Working with the career counselor or career cough.

Investment: In the investment sage you are researching that work exits in the world. But if you approach this stage with the positive frame of mind,you will you find that you will learn that possibility you may have considered.

key tasks:

researching the world of tasks.

an entrepreneur worked in a certain industry for 8 years to generate the business idea to start his own enterprise the entrepreneur used his own​

Answers

An entrepreneur utilized his own experience to develop the business concept to launch his own company after working in a certain field for 8 years.

Contrary to an entrepreneur who establishes a business from scratch, who starts a business using an idea or concept that already exists?

An entrepreneur is a person who creates a business from an existing idea and sells goods and services to customers. Entrepreneur is a term used to describe a person who starts a company with a fresh idea or concept and engages in commercial activities.

What actions would a business owner that is actively seeking new possibilities take?

Entrepreneurship is the activity of a person who is continually looking for new things and converting those ideas into lucrative prospects by accepting risk and uncertainty in the business.

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The complete question is:

An entrepreneur worked in a certain industry for 8 years to generate the business idea to start his own enterprise the entrepreneur used his own​ _______

QUESTION ONE
RECOVERY, a family-owned business, manufactures its single product and sells it at K16 per unit.
The business, which currently has a monthly production capacity of 19 000 units, has orders for, and plans to sell 18 000 units in the next month.
The following information is available:
i. Monthly costs for 16 000 units are estimated at K136 000
ii. Monthly costs for 18 000 units are estimated at K148 000
iii. The company only manufactures that which has been ordered and keeps no inventory.

REQUIRED:
(A) Calculate the Variable cost per unit (2 Marks)
(B) Calculate, showing your workings, the estimated Fixed Cost (2 Marks)
(C) For the planned sales of 18000 units, draw a graphical presentation of the following cost lines in Kwacha against the number of Units. (all lines must be in the same graphical presentation) (6 marks)
i. Fixed Cost
ii. Variable Cost
iii. Total Cost
(D) Calculate the Contribution sales ratio (2 Marks)
(E) Calculate the Break-even revenue (3 Marks)
(F) Calculate the Net profit for the planned sales of 18 000 units (5 Marks)

Answers

A. The variable cost per unit is K6.

B. The fixed cost is K40,000 (K136,000 - K96,000)

C. i) The fixed cost of K40,000 will have 2,500 units (K40,000/K16).

ii) Variable cost of K108,000 will have 6,750 units (K108,000/K16).

iii) Total Cost of K148,000 will have 9,250 units (K148,000/K16).

D. The contribution sales ratio = 0.625 (K10/K16)

E. Break-even revenue = Total variable costs + Total fixed costs

= K64,000 (K40,000/0.625)

F. The net profit for the planned sales of 18,000 units is K140,000 (K288,000 - K108,000 - K40,000).

What is break-even analysis?

Break-even analysis is the determination of the units or quantities at which a good or service will be produced so that the company can cover its costs without any loss.

Thus, break-even analysis evaluates the unit at which the company will not incur any loss or sustain a profit.  At the break-even point, the revenue equals the costs.

Data and Calculations:

Selling price per unit = K16

Monthly Production Capacity = 19,000 units

Planned sales = 18,000 units

                                  Production Capacities    Differences

Planned production      16,000        18,000            2,000

Monthly costs           K136,000    K148,000        K12,000

Total variable costs   K96,000   K108,000

Fixed costs                 K40,000    K40,000 (K148,000 - K108,000)

Using the high-low method of cost determination, the Variable cost per unit = K6 (K12,000/2,000).

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Compute the current ratio, acid-test ratio, and gross margin ratio as of January 31. (Round your answers to 2 decimal places.)

Compute the current ratio, acid-test ratio, and gross margin ratio as of January 31. (Round your answers

Answers

Answer:

needs further explanation

Explanation:

an alternative definition of economics involves

Answers

An alternative definition of economics involves the study of how human beings organize production, distribution, and consumption.

What is Economics?

It should be noted that Economics is a social discipline which examines how communities use scarce resources to meet their insatiable needs.

Economics deals with how households and governments allocate limited resources to address divergent needs.

An alternative definition of economics involves the study of how human beings organize production, distribution, and consumption.

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Voss Inc., an accounting firm, adjusts and closes its accounts each December 31. Below are two situations requiring adjusting entries.
Situation 1 Situation 2
On June 1, the company collected $16,800 cash, which is for services to be performed over the next 12 months. For the following two separate cases, prepare the adjusting entry and determine the balance of Deferred
Service Revenue at year-end
Case A: $16,800 was credited to Service Revenue during the year.
Case B: $16,800 was credited to Deferred Service Revenue during the year.

Answers

The commissioner obtains a restraining order against a person who has violated an insurance law. The person continues the violation for 10 days. The person has to pay a fine of, how much?

Answers

Based on the fact that the person continued to violate the restraining order, the fine that the person has to pay is $0.00.

How much should the person pay?

When a restraining order is issued for insurance law, there is a period of 10 days that the fines would not take effect in.

This means that the person can keep committing the violation within those ten days without having to pay any fines so the amount this person will pay is $0.00.

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What is the main goal of career and technical student organizations (CTSOs)? How do they help students achieve their goals?

Answers

Answer:

This is a two part question and therefore has been answered in two separate headings below.

Explanation:

Main Goal of CTSOs

Career and technical student organizations (CTSOs) goal is to strengthen student learning by using methods such as real-life applications, text book instructions, personal and leadership development skills.  

This means that their work forms as an essential part of the classroom syllabus and guide, which in return helps to build student's career skills and  views through taking part in these sessions and applying them in real life scenarios and/or work experience through Career program.

Help Students to Achieve their Goals

Career and technical student organizations (CTSOs) helps students achieve their goals by providing them a career path, study program and opportunities in order to gain the knowledge, skills and abilities that are needed to be successful in their career by way of CTSOs programs, events and activities.

Furthermore, they create opportunities for the students to participate in leadership level positions at local, state and national level and to take part in conferences of leadership development in order to interact with other students as wells as professionals and experienced individuals.  

Answer:

The guy above is correct

Explanation:

Have a nice day man, be safe.

Choose one current event. Describe the event and discuss the economic implications of this event. What economic effects might this have at the individual and societal levels?

Answers

A current event that has had an impact on the economy is the recent coronavirus pandemic. The economic effects at the individual and economic level were the loss of jobs, the bankruptcy of micro-enterprises and economic scarcity.

How is an event capable of impacting the economy?

Macroeconomic factors such as health crises, politics and wars, for example, are capable of generating effects in society that directly impact the lives of individuals individually and collectively, by changing the laws of supply and demand and generating an economic imbalance.

Therefore, the pandemic is an example of a situation that contributed to the economic recession in the US, generated by the closure of companies during the quarantine period, impacting the entire sector, jobs and prices.

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