A customer paid Critter Sitters Animal Care cash for dog sitting services. Which two accounts are impacted by this transaction?
O cash and accounts payable
O Cash and sales
O Sales and accounts payable
O Sales and accounts receivable

Answers

Answer 1

In the books of Critter Sitters Animal Care, the two accounts impacted by the cash sales transaction are B. Cash and sales.

What are the accounting impacts of cash sales transactions?

When a customer pays for services or the sale of goods, the selling entity will debit its cash account and credit its service revenue or sales revenue account.

For the paying customer, the accounting impact is to debit purchases, expenses, or inventory and credit the cash account.

These debit and credit entries agree with the double-entry system of accounting and the accounting equation that states that assets are equal to liabilities and equity, given each business transaction.

Transaction Analysis for Critters:

Cash $ Sales $

Thus, Critters Sitters Animal Care should debit its cash account and credit its sales revenue account.

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Related Questions

True or False: Logistics management is the primary process of supply chain management.

True or False: The Economic Production Quantity depends in part on the maximum inventory and setup costs.

Answers

Answer:

1 .)True

2.)True

Explanation:

thanks for the points

You are currently paying off a $5,000 car loan with a 5% fixed interest rate. Is inflation helping you or hurting you? Why?

Answers

If you are paying off a car loan with a fixed interest rate, then it can be inferred that inflation is helping you.

How does inflation affected fixed interest payers?

Inflation refers to the general rise in the prices of goods and services over time. It therefore leads to the value of money reducing. For instance, thanks to inflation, the value of a dollar in 1988 is more than the value of a dollar in 2023.

If one is paying a fixed interest rate on a loan, it means that they are paying the same amount in interest regardless of inflation. This means that they are actually paying less because inflation has reduced the value of the amount they pay. There are therefore being helped.

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I’m ancient times, memory was a vital component in public speaking because?

Answers

Rhetoric was the primary element of composition and speaking speech delivery in classical Greece and Rome, both of which were essential abilities for individuals to utilise in both ancient public and private life.

Citizens in ancient Greece spoke for themselves rather than having experts, such as modern lawyers, speaking on their behalf. One can better understand the present by studying history. Consider studying ancient history if you're interested in learning how the art of public speaking has changed over time. About 2,500 years ago, in ancient Athens, public speaking was invented. Men were expected to speak as part of their civic responsibilities, which included doing so in legislative bodies and in court.

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Question 6 of 10
What was the main purpose of the Sarbanes-Oxley Act?
A. To increase competition in the accounting industry
B. To increase tax revenue for the government
O C. To create jobs for accountants
D. To protect investors from fraud and false financial reporting

Answers

The main purpose of the Sarbanes-Oxley Act is to protect investors from fraud and false financial reporting (option D).

What is financial reporting?

Financial reporting is described as a process through which the financial statements of an organization are issued. It is a process that includes communication as well as documentation of the financial performance and financial activities of an organization that is carried out for a specific period.  

The Sarbanes-Oxley Act is a law in the US, and the main purpose of this act is to protect investors. The disclosure made through financial reporting is made accurate and reliable through the implementation of this act.

It can be concluded that the main purpose of the Sarbanes-Oxley Act is to protect investors from fraud and false financial reporting (option D).

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what are the nature's of market imbalance in economics​

Answers

Answer:

Market disequilibrium is an imbalance between supply and demand - such that supply exceeds the level of demand or demand exceeds the available supply. Types of disequilibrium are labor market disequilibrium and balance of payments disequilibrium

how can i implement sponsorship to launch a sports brands

Answers

Consider the kind you want. Selecting the ideal sponsorship might be difficult at times because there are so many factors to take into account. Finding Companies Wanting to brands Sponsor Athletes and Selecting the Best Athlete Sponsor.

Make an effort to find sponsors. Supporting events has a number of advantages for businesses, most notably the following: increased brand awareness thanks to media coverage, event advertising, and the event itself. Sponsorship chances during events that assist build their brand equity. Direct interaction with a warm lead brands audience. When seeking corporate support, be sure to emphasise how your initiatives will further the company's greater charitable objectives.

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Can someone help me on this please?

Answers

Answer:

Here are the answers

Explanation:


What are some public policies and what the broad social goals that are most likely targeted by the policies?


Help please:/

Answers

Answer:

Students work in small groups and are assigned a version of diary excerpts written by a student intern working for a policymaking legislator. Half the groups read a diary that focuses on stability, security, and equity as broad social goals. The other half read a diary that focuses on freedom, efficiency, and growth. Students determine which broad social goals are emphasized in their reading.  During a debriefing, students will discuss broad social goals and identify how trade-offs arise when a society pursues competing social goals. Finally, students choose a current social issue and develop a public policy to deal with that issue, identifying the goals they are attempting to achieve and trade-offs that might arise in terms of other worthy goals.

Explanation:

The argument that fixed manufacturing overhead is a cost of production because it is necessary to
produce units of output, is a characteristic of:

Answers

For cost-based pricing decisions, many managers favor absorption-costing information. They contend that the fixed cost of manufacturing is an essential component of production.

When employing variable costing, what does fixed manufacturing overhead entail?

Fixed manufacturing overhead is recognized as a period cost under variable costing and is fully charged against the income for the current period. 7-2 Both variable costing and absorption costing treat selling and administrative costs as period costs.

What justifications exist for classifying fixed manufacturing overhead expenses as product costs?

According to absorption costing, some of these fixed manufacturing costs can be diversified by product or the entire costs can be divided by the total number of products, therefore they should be classified as product costs.

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Shareholders have financial interest in companies and therefore they are stakeholders of the company. True or false?

Answers

Answer:

True

Explanation:

Mo’yur lawn landscaping worksheet

Answers

Answer:

Company Chart of AccountsAssets100 Cash110 Accounts Receivable120 Inventory125 Supplies128 Prepaid Insurance129 Prepaid Rent130 Computers & Software132 Accumulated Depreciation -Computers & Software136 Company Vehicles137 Accumulated Depreciation - Vehicles138 Office Building139 Accumulated Depreciation - Office Building140 Land150 Intangible Assets (Patents, Copyrights, etc.)Liabilities200 Accounts Payable210 Wages Payable220 Taxes Payable230 Short-term Loan240 Unearned Revenue220 Long-term LoanOwner's Equity300 Owner's Capital Contribution310 Owner's Draws320 Retained EarningsRevenue400 Merchandise Sales410 Fees Earned420 Other RevenueExpenses500 Wages Expense510 Rent Expense520 Utilities Expense530 Office Supplies Expense540 Depreciation Expense550 Meals & Entertainment Expense560 Maintenance & Repair Expense570 Postage Expense580 Printing Expense590 Miscellaneous Expense

We're Not Broke - The Corporate Tax Cheats of America - Discussion Questions

Answers

We're Not Broke film describes the consequences of a rigid tax policy so riddled with loopholes that multinational corporations with billions of dollars in annual revenue can get away with paying no federal taxes. We're Not Broke film contends that there is the untapped political will to change this.

We're Not Broke tells the story of how corporations have been able to hide over a trillion dollars from the government, and how citizens across the country take to the streets to express their displeasure—and vow to hold them accountable.

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A target return profit pricing objective implies that a company chooses to

Answers

A target return profit pricing objective implies that a company chooses to select a profit target, which is frequently decided by its board of directors.

A target return is a pricing strategy that is tightly linked to an investment in a particular project or product. The target return is determined using the total amount invested in a certain project, as well as the profit the investor expects to get in return, and adjusting for the time value of money. Target return pricing is a method for determining a product's price based on the anticipated rate of return on investment.

Target return pricing is a pricing approach used by e-commerce specialists to assist them to establish the price of a product based on the projected rate of return of their business. In other words, it is the profit that the firm may expect in the future from a specific investment.

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Donald is a 21-year-old full-time college student. During 2021, he earned $2,550 from a part-time job and $1,150 in interest income. If Donald is a dependent of his parents, what is his standard deduction amount? If Donald supports himself and is not a dependent of someone else, what is his standard deduction amount?

Answers

His standard deduction amount would be of $ 2,900

To determine his standard deduction amount, he must first compute it. In the event that Donald is considered a dependent by his mother and father, we would need to do the following calculation:

His adjusted gross income is more than $1,150; hence, his standard deduction would be equal to $2,550 plus $350.

The amount deducted as the standard would be $2,900.

In light of this, Donald's standard deduction amount would be $ 2,900, provided that he is considered to be dependent on his parents.

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Your new marketing assistant just handed you a presentation that you are to give on
the phases of an effective social media marketing campaign. One of the slides lists the
phases of a typical campaign as follows:
1. Goal setting
2. Develop strategies
3. Target audience
4. Produce content
5. Implement the plan
6. Monitor
7. Measure
Is there anything wrong with the ordering of these phases?
O No, the phases are listed in the correct order.
O Yes, the phases are ordered incorrectly. Measure and Monitor should be switched.
O Yes, the phases are ordered incorrectly. Target audience and Develop strategies
should be switched.
O Yes, the phases are ordered incorrectly. Goal setting and Develop strategies
should be switched.
O Yes, the phases are ordered incorrectly. Produce content and Target audience
should be switched.

Answers

Yes, the phases are ordered incorrectly. audience and Develop strategies should be switch.

Tell all about slides lists ?

Goal Setting: Goal-setting is that the process of taking active steps to achieve your desired outcome.

Develop strategies: Strategy development may be a company's plan to achieve consistent growth. this system lists detailed data and objectives that describe how your team plans on accomplishing each goal.

Target audience: A audience is a group of people defined by certain demographics and behavior. Often, businesses use what they realize their target audience to create user personas. These personas guide their decisions on marketing campaigns.

Produce content: Content production is that the process of developing and creating visual or written assets, like videos, eBooks, blog posts, whitepapers, or infographics.

Implement the plan: An implementation plan—also referred to as a strategic plan—outlines the steps your team should take when accomplishing a shared goal or objective. This plan combines strategy, process, and action and can include all parts of the project from scope to budget and beyond

Monitor: Monitoring is that the regular observation and recording of activities taking place in a project or programme. it's a process of routinely gathering information on all aspects of the project. to watch is to check on how project activities are progressing. it's observation; ─ systematic and purposeful observation

Measure: the method of associating numbers with physical quantities and phenomena. Measurement is prime to the sciences; to engineering, construction, and other technical fields; and to most everyday activities.

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Suppose that a company has a beta of 1.25, the current dividend is 6 euros per share, the
risk-free rate is 5% and the equity market risk premium is 4%. The stock is currently trading at 94 euros.
Determine the constant dividend growth rate that would be required to justify the market price of 94
euros.

Answers

The constant dividend growth rate that would justify the market price of 94 euros is 3.4%.

What is the growth rate?

The Gordon constant growth formula can be used to determine the value of a stock given its dividend, growth rate and the required rate of return.

Value of the stock = next dividend / (required return - growth rate)

V = D1 / r - g

Where:

D1 = current dividend x (1  + growth rate)

V = D0 / (r - g)

The first step is to determine the required return. The required return can be determined using the capital asset pricing model.

Required return = risk free rate of return + (beta x risk premium)

5% + (4 x 1.25)

5 + 5 = 10%

Substitute for r V and D0 in the constant growth formula:

94 = 6 (1 + g) / (0.1 - g)

94(0.1 - g) = 6(1 + g)

9.4 - 94g = 6 + 6g

9.4 - 6 = 94g + 6g

3.4 = 100g

g = 3.4 / 100

g = 0.034

g = 3.4%

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Camila is completing a project for her architectural design class. She has completed
some drawings of a model home and needs to fill them in with color. Which design
tool will she MOST LIKELY select?
Rendering tools
A level
A sketchbook
Fabric swatches

Answers

Camila is completing a project for her architectural design class. She has completed some drawings of a model home and needs to fill them in with color. Fabric swatches design tool she will MOST LIKELY select.

First of all, "cloth" is a material interwoven with fibers. Generally, fabrics are named after the textile user who made them. Some fabrics use a blend of different fibers. Fabrics are named according to the fibers used, their patterns and textures, and the manufacturing processes used. can be separated. Common examples of natural fibers are cotton, denim, wool, and silk.

A cloth is a cloth or other material made from interwoven cotton, nylon, wool, silk, or other threads. The fabric is used to make clothing, curtains, sheets, etc.

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A good filing system shares all of the common characteristics of a _________.
a.
Highway -- files often travel to different destinations
b.
Database -- it must store information for easy access and retrieval
c.
Business -- each folder must have a unique structure to serve different clients
d.
Library -- all files, whether they are used or not, must be in one location

Answers

Answer:

I'm pretty sure that the answer is option b (Database).

i) From one of his market researches, the marketing manager of one of the mobile phone companies in Uganda estimated the demand and supply functions for mobile phones as follows: Qd=140,000-1 00P and Qs=80,000+50P respectively. Required:

a) Determine the market equilibrium price and quantity of the mobile phones and also comp ute for the total company's revenue at the market equilibrium situation.

b) If the government sets a fixed price for phones at P=$200, what nature and amount of market imbalance is created in the market, hence state the price policy the government h as applied. ​

Answers

Answer:

200 is the ancerw $200

Explanation:

20007578

What is a technique used to obtain primary data?

A. gaining access to an unpublished government report from the Federal Trade Commission (FTC)

B. conducting personal interviews with potential customers

C. establishing a database to store and cross-index articles from leading academics and researchers

D. reviewing the best-selling trade books and textbooks that present marketing principles

Answers

B. Conducting personal interviews with potential customers

Personal interviews with prospective clients are one method for gathering primary data. Thus, option (B) is correct.

What is the interview?

An interview is an organized dialogue in which one person asks questions and the other responds. The term “interview” is commonly used to refer to a one-on-one talk between an interviewer and an interviewee. Individual and group interviews are the two forms of interviews. Interviews with individuals:

There are many techniques to gather primary data. However, self-administered surveys, interviews, field observations, and experiments are the most popular methods.

Therefore, Thus, option (B) is correct.

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The company, where you are working, wants to implement a quality management system based on the standard of ISO 9001:2015. As a quality consultant to the company, elaborate on the steps that you will undertake to achieve its implementation.
Include in your answer the different types of documentations required.

Answers

The steps which i will take will be as followed - i will Identify the Responsibilities, Policies, and Objectives, clear and Develop the Documents, Launch the Quality Management System, review the Performance, Assess and Register for Certification and maintain Continual Improvement.

How to keep your company's ISO 9001 certification ?Determine the best implementation strategy for your business.Conduct planning and diagnostics.Run training sessions. .Include your staff in this upkeep. Conducting internal audits. Think about using a software planning and development company's support.How is the Quality Management System maintained?Suggestions for enhancing your Quality Management SystemSubstitute processes for procedures. .Change the system so that more people, not fewer, control it. Remove Extraneous Documents. Investigate Using Lean Management Principles. Utilize software that can save archival data.

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Explain how implementing these public policies could result in “trade-offs” that harm other broad social goals


Helppppppppppp

Answers

Placing a tax on soda restricts the freedom of producers and consumers to sell and buy a legal food.If the tax restricts consumption  of sugary drinks and leads to reduced obesity, this may improve economic security for workers and if this improves productivity, it can increase economic growth.

Providing subsidies for farmers increases security for the farmers and for consumers who see more stable food prices.However, subsidies result in inefficient farms remaining in business and keep food prices artificially low, harming lower-cost farm producers in other countries. Low food prices may be viewed as providing equity for consumers.

What is economic systems?

All economic systems strive to achieve a set of broad social goals, including economic efficiency, equity, freedom, growth, security and stability. How these goals are prioritized and how successful an economy is at attaining these goals influences the quality of life for all its citizens.

Achieving theses goals is difficult because although the goals complement each other in some cases but in many cases there are trade-offs to face.

What is Trade-offs?

It is a situational decision that involves diminishing or losing one quality,quantity or property of a set or design in return for gains in other aspects.

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Which one of the following accounts will not appear in a balance sheet?
a.) accounts payable.
b.) accounts receivable.
c.) retained earnings.
d.) Owners' equity.
e) utility expanse.

Answers

Answer: Owners' Equity

Explanation: Assets=Liabilities+Shareholders’ Equity

Technically owner's equity is an asset of the business owner—not the business itself

Which of the following is not an advantage of using Macabacus’ Export to PowerPoint/Word features in the Excel add-in?

Answers

Answer: Exported object/text in PowerPoint/Word are linked to Excel data and can be refreshed within the Excel add-in when the data is modified

Explanation:When refreshing links to reflect updated Excel workbook content, it can be directly done in the PowerPoint add-in by simply clicking the Refresh button. Neither the source workbook nor Excel need to be open to refresh linked shapes.

Please help instructions are attached.

Answers

lease follow the instructions in the browser window. Press "Yes" if you have authenticated and "No" if you failed. The breakdown of this total is shown in the ...

A business during which stage of a business life-cycle is most likely to have profits without cash?
a. Start up
b. Mature
c. Declining
d. Bankrupt

Answers

During a growth stage, your business may begin to make more money, breaking even, becoming profitable or increasing profitability.

What is growth stage?

Growth stage or the growth and expansion stage is the second of five key phases in the business life cycle. The life cycle also includes launch, shake-out, maturity, and decline. During the growth stage, a startup will see sales increase rapidly. This is the phase in which businesses start to see profit.

What is business maturity stage?

The maturity stage is when the sales begin to level off from the rapid growth period. At this point, companies begin to reduce their prices so they can stay competitive amongst the growing competition.

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what would be the most important factors to consider for the network channel design

Answers

The most important factors to consider for the network channel design would be network resilience and redundancy; software and hardware standards; and integrated security mechanisms.

There are four crucial factors in network design that you must take into account if you want a network that is dependable, secure, and efficient. Solid network architecture will be more durable and provide overall higher performance. The ideal platform for all the apps you want to utilize is provided by effective networks, which operate swiftly and effectively.

Network design is the process of organizing and putting into place a computer network architecture. The majority of the time, network designers, engineers, IT administrators, and other relevant staff members do network design. It is carried out prior to the installation of a network infrastructure.

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Mars Electronic Company receives cash from a stockholder, John Tilden, and issues common stock to him. The two accounts involved in this transaction are ________.
Select one:

A.
Common Stock and Accounts Payable

B.
Common Stock and Accounts Receivable

C.
Accounts Payable and Cash

D.
Cash and Common Stock

Answers

The two accounts involved in this transaction are Cash and Common Stock. Thus the correct option is D.

What is Stockholder?

A stockholder is referred to as an individual who purchases the stock of any company and holds the authority of selling that stock. The stockholders who own a higher percentage in any company will receive voting rights.

A remaining right to a company's present and future earnings is represented by its common stock. In the account of this, shareholders are referred to as co-owners of a business.

In the given case,  Mars electronic companies receive cash from the stockholder and issue common stock to him refer as a transaction of Cash and Common Stock

Therefore, option D is appropriate.

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When we move up or down a given demand curve_______
a. only price is held constant.
b. income and the price of the good are held constant.
c. all nonprice determinants of demand are assumed to be constant.
d. all determinants of quantity demanded are held constant.

Answers

When we move up or down a given demand curve downward from the left to the right.

Price elasticity of demand is a dimension of the change in the consumption of a product in relation to a change in its price. Expressed mathematically, it's Price Pliantness of Demand = Chance Change in Quantity Demanded ÷ Chance Change in price.

A good's price pliantness of demand is a measure of how sensitive the volume demanded is to its price. When the price rises, the volume demanded falls for nearly any good, but it falls more for some than for others. Price pliantness of demand is the rate of the change in volume demanded of a product to the chance change in price. Economists employ it to understand how force and demand change when a product's price changes.

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What type of market should be considered for these services or products: An orphan drug that is marketed for a rare genetic disease?

Question 2 options:

Micro-market


Mass-market


Untapped markets


Targeted markets


Redefined market

Answers

Concerning the orphan drug that is marketed for a rare genetic disease, the type of market that we should be considered for these services or products is known as a targeted markets.

What is known as targeted markets?

In marketing, a target market refers to the group of people that have been identified as the most likely potential customers for a product because of their shared characteristics such as age, income, lifestyle, condition etc. This market has a group of customers with shared demographics who have been identified as the most likely buyers of a company's product or service. Its also can inform a product's specifications, packaging and distribution.

The action of identifying the target market is a key part of the decision-making when a firm designs, packages and advertises its product. Therefore, identifying such market for the orphan drug for a rare genetic disease is important in the development and implementation of a successful marketing plan for any new product.

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