3 true statements about recording journal entries in Quickbooks

Answers

Answer 1

Answer:

Explanation:

Journal entries allow you to correct inaccurate information in your accounting records or add transactions that you cannot add in other sections of the software, such as tax adjustments or depreciation expenses.

What are the 3 golden rules?

Golden Rules of Accounting

Debit the receiver, credit the giver.

Debit what comes in, credit what goes out.

Debit all expenses and losses and credit all incomes and gains.


Related Questions

Which amendment to a law made it illegal to discriminate based on pregnancy? Which law was amended?

The (Blank) amendment to the (Blank) law made discrimination based on pregnancy illegal.

First one has a list of these three options.
ADA
PDA
ADEA

Second one has a list of these three options.
Title VII
Title I
Title IV

Answers

Answer:

I believe it's "The PDA amendment to the Title VII law made discrimination based on pregnancy illegal"

Explanation:

briefly explain how undertaking of agricultural modernisation is reducing open - urban employment​

Answers

increased demand for labour

What is one major measure of economic growth?

Answers

Answer:

yo mama

Explanation:

yo mama's so ugly, she made a blind kid cry.

How to write email asking for further details and paying procedure

Answers

Answer:

considering that an address is not mentioned, following is a letter in regards to payment procedure,

xxx

xxx(address),

To whoever it may concern,

Dear Sir/Madam,

I am writing this letter to you, seeking a few answers in regards to your leaflet.I recently came accross your advertisement for products.

I wanted to inquire in regard to the sauna Belt that ur offering.it was mentioned that a scale is going on till the 31st of January. could you kindly mention the suitable payment procedure for this order.

Thank you,

your sincerely,

shivangi sharma

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Thato, a manager for an insurance company, was disappointed in Miya, one of his direct reports. Miya’s job is to sell insurance, but she did not meet her quota for calls to potential new customers in the last month. Thato let Miya know that, “If this continues in the next 30 days, you’ll probably be let go.” Which behavior modification may Thato need to implement?

Answers

There are different ways used by people to modify behavior.  behavior modification may Thato need to implement is punishment.

Behavior modification is simply known to be act of changing the behavioral trend via the use different means such as learning techniques, positive or negative reinforcement, punishment etc.

Punishment is often done to weaken a specific behaviors. This is done through the linking of an unpleasant stimulus to a behavior. Example is Maya losing her job for not meeting her target

See full question below

Thato, a manager for an insurance company, was disappointed in Miya, one of his direct reports. Miya’s job is to sell insurance, but she did not meet her quota for calls to potential new customers in the last month. Thato let Miya know that, “If this continues in the next 30 days, you’ll probably be let go.” Which behavior modification may Thato need to implement?

a- negative reinforcement

b- punishment

c- extinction

d- positive reinforcement

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What would be the benefit of selling on Friday?

Answers

Answer:

In the U.S, Fridays that are on the eve of three-day weekends tend to be especially good. Due to generally positive feelings prior to a long holiday weekend, the stock markets tend to rise ahead of these observed holidays.

Explanation:

“Friday is the best day to sell” is already marginalised in the Investopedia article dedicated to it[1] .

The assumption “if everyone is selling” cannot be true, when there are only people willing to sell there is no trade, and with that no price.

It same assumption also includes a notion that there are fewer parties that are willing to hold over the weekend than there are willing to sell. In other words: it implies there are more short term traders than long term traders and (buy and hold) investors.

Rein Inc. reported deferred tax assets and deferred tax liabilities at the end of 20X3 and at the end of 20X4.
According to Statement of Financial Accounting Standard No. 109 Accounting for Income Taxes, for the year ended 20X4, Rein should report deferred income tax expense or benefit equal to the
A. Sum of the net changes in deferred tax assets and deferred tax liabilities.
B. Increase in the deferred tax liabilities.
C. Amount of the current tax liability, plus the sum of the net changes in deferred tax assets and deferred tax liabilities.
D. Decrease in the deferred tax assets.

Answers

Answer: A

sum of the net changes in deferred tax assets and deferred tax liabilities.

Explanation:


20) Tudor's Deli and Catering could have sold their delivery van on December 31, 2010 for $16,000. If they
could sell the same van on December 31, 2011, for $13,000, then the economic depreciation in 2011 for this
van

Answers

Answer:

13000-16000=3000

The property depreciated for 18.75 percent

which is true in a perfect economy ?
business owners should focus on telling customers how the features of their products are different from other available products.
determining the best price for the product is more important than the marketing. business owners should focus on pricing their products correctly so customers choose it over competitors products. advertising will have little effect on the success of the products and it not needed​

Answers

Answer:

business owners should focus on pricing their products correctly so customers choose it over competitors products.

Explanation:

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Pie City Pizza and Pizza Palace are rival restaurants in a small town. Pie City Pizza sets its prices below average variable cost for two years. After the second year, Pizza Palace goes bankrupt and exits the market. In the third year, Pie City Pizza raises prices significantly. Pie City Pizza is practicing ________ pricing. g

Answers

Pie City Pizza is practicing Penetration pricing.

Penetration pricing is a pricing strategy where competitors lower the prices of their goods and services to gain ground in the market. After they have captured, the market base, they increase their prices to make their gain.

This can be applied when the company wants to promote its products. In the case of Pie City Pizza, they adopted the penetration pricing system that captured the customers of their competitors.

When the competitors left the market, they increased their prices.

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A company has sales of $375,000. Its gross profit is $157,500, and total expenses of $75,000. Its cost of goods sold equals

Answers

The cost of goods sold equals $217,500

Cost of goods sold is the cost of a product to a manufacturer or retailer. It is a direct cost incurred in the production of goods and services

Cost of goods sold includes but not limited to the following :

Material costDirect labor costDirect factory overhead

Cost of goods sold is computed as :

= Sales - Gross profit

Given that :

Sales = $375,000

Gross profit = $157,500

Then,

Cost of goods sold would be :

= $375,00 - $157,500

= $217,500

Hence, the company's cost of goods sold is $217,500

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Question 56 of 75. Louise is a 29-year-old taxpayer who will use the head of household filing status. Her 2020 modified adjusted gross income is $48,000. During the year, she made a $1,500 contribution to her employer's 401(k) plan. She has never taken a distribution from any retirement plan. The maximum amount Louise may receive for the retirement savings contributions credit (Saver's Credit) is:

Answers

Considering the situation described above, the maximum amount Louise may receive for the retirement savings contributions credit (Saver's Credit) is "$150."

This is because according to the Internal Revenue Service regulations, for individuals filing under the head of household filing status, with an adjusted gross income of $31,876 - $48,750, such person would only be able to receive 10% of his retirement savings contributions credit (Saver's Credit).

Therefore, Louise has only contributed $1,500 to her employer's 401(k) plan. Consequently, she can only receive 10%, which is "$150."

Hence, in this case, it is concluded that the correct answer is "$150."

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Spontaneous financing refers

Answers

Answer: In business, "spontaneous finance" refers to financing that arises out of regular, day-to-day operations. Unlike with other common sources of financing, such as loans or bonds, obtaining additional spontaneous financing doesn't require any special action by the company; it just "happens," hence the name spontaneous.

Write four elements of economic objectives of business ?​

Answers

Profitability, Growth, Stability, Efficiency and Survival

Answer:

the person above this is correct

A useful clue about an organization's culture is

Answers

Answer:

Who is Hired and Fired

Explanation:

If this helped, please give brainliest answer! thanks!

the process by which companies get new customers, keep the customers they already have, and grow the bussiness by increasing their share of customers purchases is referred to as

Answers

Buisnesses and organisations are able to attract and retain valuable customers due to Customer relationship management (CRM)

Customer relationship management (CRM) is a process in which an organisation uses based on principles and guidelines to efficiently interact and cater to its customers.

Typically with the use of technology of CRM systems such as data analysis, Businesses are able to study and compile large and different amounts of information of their target customers.

This will enable them to effectively cater to their needs leading to improved sales yields and retainment of customers.  

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23-The journal entry to record a payment made on an installment note would include:
a. A debit to Installment Note Payable
b. A debit to Interest Expense
c. A credit to Cash
d. All the above

Answers

The answer would be A

A. Purcha


C. Purchase of in 2018.

Answers

Hell how may I assist you in any way if so ask away in the comments as a fellow Brainly user I am here to help and next time if you will please write a full question so we are able to answer.

Rent payments that are processed through a third-party network after March 11, 2021, should be reported to the taxpayer on:

Answers

After March 11, 2021, such rent payments as described above should be reported on Form 1099-MISC, Miscellaneous Information.

The subject of rent payments made through third party networks is covered under the American Rescue Plan Act which:

Was signed by President Biden on March 11, 2021.Clarifies the scope of Form 1011-K.

The Act shows that when rent payments are made through third-party networks, they should be treated as miscellaneous information and reported on Form 1099-MISC.

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explain why maximizing Production does not always maximize profit​

Answers

When the price to produce a product is higher than the income the product, makes, money is lost. Just how too little supply is dangerous to a company, so is too much. A balance between supply and demand is essential to maximize profit.

A group of 10 golfing buddies have the following annual incomes: $32,000, $12,000, $56,000, $120,000, $10,000, $38,000, $70,000, $16,000, $20,000, $24,000. The share of income received by the lowest quintile of this income distribution is

Answers

The lowest quintile received $22,000.

Data and Calculations:

The number of golfing buddies = 10

A. = $10,000

B.  = $12,000

C.  = $16,000

D.  = $20,000

E.  = $24,000

F.  = $32,000

G.  = $38,000

H.  = $56,000

I.  = $70,000

J.  = $120,000

Total - $398,000

The lowest, first, or bottom quintile is between 0 to 20%.

Thus, the lowest quintile received $22,000 ($10,000 + $12,000) from the income distribution.

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Question 4
4-1) Consider any organization you are aware of from work, study, or the
media. How do they manage people? Do people in those organizations
feel important?

Answers

Answer:

save the children they aware a lots of people to save thir child future

20 Points
Describe the educational background or training necessary for your chosen career (Doctor).

Answers

Step 1: Earn an Undergraduate Degree

The path to becoming a doctor begins with a bachelor's degree program. There is relative flexibility in the subject studied, but undergraduate schooling for doctors should include a pre-med focus, which ensures that necessary science-based core curriculum is coveLred prior to the candidate's progression to medical school. These programs typically have a heavy focus on biology and chemistry, with plenty of physics, math and English courses to prepare a student to apply to med school.

Step 2: Pass the MCAT2103

The Medical College Admission Test (MCAT) is a multiple choice exam taken before admission into medical school. The MCAT tests an aspiring doctor's knowledge of the physical and biological sciences and verbal reasoning and writing skills. The test is computerized and it takes approximately five hours to complete.

Step 3: Attend Medical School

Doctor education and training continues with medical school. The initial two years are spent in classrooms and laboratories, where students take the necessary courses to prepare them for diagnosing and treating patients. During the second year of doctors' education, students must pass the first of a series of the United States Medical Licensing Examinations, referred to as 'The Boards', which are administered by the National Board of Medical Examiners. During the second half of medical doctor training, prospective doctors practice under the tutelage of attending physicians to learn the realities of practicing medicine. During their fourth year of medical school and first year of residency training, doctors take their remaining medical licensing examinations.

Step 4: Complete Residency Training

In their fourth year of medical school, candidates are paired with a residency training program in a rite of passage called 'Match Day.' Depending upon his or her specialty, a candidate may spend between three and seven years in residency at a medical facility. Beyond taking classes to become a doctor, this gives them on-the-job experience. They work under the direct supervision of an attending physician and focus on practical training in general medicine and their chosen specialty.

Step 5: Get Licensed

In order to become a doctor, a candidate must obtain a license to practice medicine. Requirements for medical licensing differ from state to state and all states issue their own licenses based on state regulations. Licensing generally requires completing medical school and successfully passing all medical licensing examinations.  How many years does it take to become a doctor? It usually takes between 11 and 15 years to meet all the education and training requirements. This includes an undergraduate degree, medical school, and a residency. Once a prospective doctor finishes all the necessary education and physician training, they should see a number of job opportunities, as job growth is expected to rise 13% from 2016-2026 and a rewarding salary should also be anticipated.

responsible for the overall performance of an organization or one of its
major self-contained subunits or divisions.*
General Manager
Functional Manager
Front-line Manager
СЕО

Answers

It is functional manager

How will the business function if something happens to one of the key members of the management team?

Answers

By putting together an emergency or a business continuity plan. For example. All sales people in a company will not be allowed to travel on the same plane to the conference location.

When the business function if something happens to one of the key members of the management team so, by creating a company continuity strategy or an emergency plan or replace with another member.

What do you mean by the business function?

An organization's activities are referred to as business functions, and they can be further broken down into core and support functions.

The production of finished goods or services destined for the market or for other parties is one of an enterprise's core business functions.

Because completing the other management functions significantly depends on having a good plan, planning is a crucial management function.

Organizations have closed their doors permanently as a result of poor management. High employee turnover is a direct outcome of poor leadership.

Therefore, when the business function if something happens to one of the key members of the management team so, by creating a company continuity strategy or an emergency plan or replace with another member.

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IRAC Briefing
BURNETT v. PURTELL
Who were the plaintiff and defendant? Were they merchants?
Describe the sales transaction.
Was there tender of delivery of the goods? Why is this issue important to the outcome of the case?
Who bore the risk of loss when the goods were destroyed?

Answers

no se inglés y tampoco se la respuesta si no si te la hubiera dicho

Jessie's car broke down, and she needs to borrow money to pay for repairs. She wants to use her car as collateral for a short-term loan. This type of loan is called a ____.

A. title loan
B. line of credit
C. mortgage
D. payday loan

Answers

Jessie wants to use her car as collateral for a short-term loan. This type of loan is called a title loan.

What is title loan?

Title loan is the loan in which assets are required for the collateral, this loan is very popular because it takes very short span of time to get approvals from the financial institute and credit rating is not considered at the time of giving loan.

Thus, option A is correct.

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Consider a property with NOI of $72,000 and a debt coverage ratio of 1.2 applied to first year NOI. What would be the estimated monthly mortgage payment

Answers

Answer:

$10000 per month

Explanation:

I don't know

Speciality Steel Inc. will manufacture and sell 250,000 units of their product next year. Fixed costs will be $250,000. Variable costs will be 40% of sales. The firm wants to achieve a level of earnings before interest and taxes of $260,000. What selling price per unit is needed to accomplish this

Answers

Based on the amount to be sold and the intended level of earnings, the selling price per unit should be $3.40

The Contribution margin needed is:

= Fixed cost + Required earnings

= 250,000 + 260,000

= $510,000

To get to this amount, the sales should be:

Contribution margin = Sales x ( Selling price - Variable cost)

510,000 = 250,000 × 0.6x

510,000 = 150,000x

x = 510,000 / 150,000

x = $3.40

In conclusion, the selling price is $3.40

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Suppose the economy is in long-run equilibrium. If there is a sharp increase in the minimum wage as well as an increase in taxes, then in the short run, real GDP will:____.
a. rise and the price level might rise, fall, or stay the same. In the long run, the price level might rise, fall, or stay the same but real GDP will be unaffected.
b. fall and the price level might rise, fall, or stay the same. In the long run, the price level might rise, fall, or stay the same but real GDP will be unaffected.
c. rise and the price level might rise, fall, or stay the same. In the long run, the price level might rise, fall, or stay the same but real GDP will be lower.
d. fall and the price level might rise, fall, or stay the same. In the long run, the price level might rise, fall, or stay the same but real GDP will be unaffected.

Answers

Suppose the economy is in the long run equilibrium. If there is a sharp increase in the minimum wage as well as an increase in taxes then in the short run, real GDP will

fall and the price level might rise, fall, or stay the same. In the long run, the price level might rise, fall, or stay the same but real GDP will be lower.

Given that this economy is in the long run equilibrium. Given a sharp increase in minimum wage and taxes, then real GDP will decrease in the short run as well as the price level.

In the long run it may stay the same. But the Real GDP will definitely be lower.

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