The interest paid for the specified values is $60.
Given,
Loan amount: $600
five years to pay it off.
The interest rate per year is 2%.
The amount of interest due is:
600*2/100*5: $60
An interest rate reveals how costly borrowing is or how profitable saving is. As a result, the amount you pay for borrowing money, stated as a percentage of the total loan amount, is the interest rate if you are a borrower.
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I need help!!! offering brain list
The key principle that we would have here about the contract that has been made would be what is called the Offer and acceptance.
What is a contract?This is the term that is sued to refer to the fact that two people have decided to have an agreement that would enable them to carry out business today. For a contract to exist , there would have to be an offer that has been made which would then be accepted by the other person that is involved.
In the case that we have here, we can see that the manager has not yet executed the contract. Executing the contract would be likened to the fact that he has accepted the conditions that the contract would entail. ]
We can therefore say that the contract is not one that has been valid here. But people or parties would have to be in agreement first for it to be valid. Hence the last option is the correct option.
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Which of these would be counted in the GDP?
Your answer:
O The lumber bought by the lumber yard who then sells it to a furniture manufacturer.
O A tree cut by a woodcutter who sells it to a lumber yard.
O A table made by the manufacturer now sold to a couple in Detroit, Michigan.
O none of the above
A table made by the manufacturer now sold to a couple in Detroit, Michigan would be counted in the GDP.It accounts for all the output produced inside a nation's boundaries
Does GDP count when something is made or sold?
GDP measurement
It accounts for all the output produced inside a nation's boundaries. GDP is made up of products and services generated for market consumption as well as certain nonmarket production, including government-provided defense or educational services.
GDP equals C, G, I, and NX.
C = consumption, or total private consumer spending within an economy, encompassing services, non-durable products (food and clothing), and durable goods (things with a lifespan greater than three years).
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The Chicago Tribune recently reported that the price of new cars, a normal good, has increased and that the quantity of new cars sold has risen. The new price and quantity could have been caused by a(n):
a)decrease in buyers’ incomes.
b)increase in buyers’ incomes.
c)increase in production costs.
d)decrease in production costs.
A rise in consumer incomes could have contributed to the new pricing and quantity. As a result, Option (B) is the best choice.
What is the law of supply?The quantity of an item or service that a producer is willing to offer at each price is referred to as the supply of those commodities and services. The amount charged by the manufacturer for each unit of an item or service is known as the price. A price increase almost always results in more of that good or service being delivered, whereas a price decrease usually results in less of it being supplied.
The law of supply is the term used by economists to describe the correlation between price and amount supplied that shows that higher prices result in higher quantities supplied while lower prices result in lower quantities supplied. The law of supply makes the assumption that all other factors that influence supply will remain constant.
Hence, Option (B) is the proper answer.
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Read the following blog post, and then (a) analyze whether the message is effective or ineffective (explain why), and (b) revise the message so that it follows this chapter's guidelines.
"It has come to my attention that many of you are lying on your time cards. If you come in late, you should not put 8:00 on your card. If you take a long lunch, you should not put 1:00 on your time card. I will not stand for this type of cheating. I simply have no choice but to institute an employee monitoring system. Beginning next Monday, video cameras will be installed at all entrances to the building, and your entry and exit times will be logged each time you use electronic key cards to enter or leave.
Anyone who is late for work or late coming back from lunch more than three times will have to answer to me. I don’t care if you had to take a nap or if you girls had to shop. This is a place of business, and we do not want to be taken advantage of by slackers who are cheaters to boot.
It is too bad that a few bad apples always have to spoil things for everyone."
The message in the given blog post is effective, as this is a friendly reminder about the working time.
So a shift starts from 7:30 am to 5:00 pm and there is a break time between 12:00 pm to 12:45 pm for lunch and other business. In order to facilitate the accuracy of time record and thus improve the fairness in a working environment, a camera will be installed which will moniter the employees. So, this is effective.
So if anyone is late for work more than three times, there will be a penalty. Thus, from following Monday the new cameras are installed for improving the checking time for working of all workers. This is the message given in the blog post.
Hence, such guidelines are to be followed.
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Use the drop-down menu to complete each statement.
According to this graph, at $10 the quantity supplied is about
8.5, 14 or 18
As the price of the good rises, the quantity supplied will
increasing, decreasing or change based on consumer demand
According to this graph, at $10 the quantity supplied is about 14.
As the price of the good rises, the quantity supplied will be increasing.
In the graph, as the price of the good is rising the quantity supplied is also rising, When the price is $10.00 then the quantity supplied is 14 when the price is $15.00 then the quantity supplied is 24 and when the price is $17.50 the quantity supplied is 30.
The volume of a resource, service, or item that people are prepared and able to sell during a certain time period at a given price. If a good's price increases, more of that good is supplied, all other things being equal. When a product's price declines, less of that product is produced.
Two fundamental economic theories are combined in the law of supply and demand to explain how changes in the price of a resource, good, or service impact its supply and demand. Supply grows as the price rises, but demand drops. In contrast, as the price falls, supply is constrained and demand is increased.
The law of supply is a microeconomic principle that asserts, with all other things being equal, that if the cost of an item or service rises, suppliers will offer more of those goods or services and vice versa.
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When using the Search bar, which one of the following can you use to search for the item?
Answer:
Open your web browser.
Type your query in the search bar. ...
Press Enter on your keyboard Enter your search string in the text box. ...
Run the search.
Hope I am right... I didn't quite understand the question so please forgive me if I am wrong.
Explanation:
What is the difference between coercion and voluntary exchange
Answer:
According to Aquinas, describing an action as voluntary means that it arises from or is consistent with one's inclinations; by contrast, coercion is associated with ideas of violence and the involuntary.
An Internet search for information about franchise businesses will not help you find out
A. start-up costs.
B. the number of hours you'll have to put in.
C. support you'll receive from the parent corporation.
D. the variety of franchise businesses available.
An Internet search for information about franchise businesses will not help you find out support you'll receive from the parent company. The restaurant brand has been franchising for nearly six decades and is still looking for franchisees all over the world.
In exchange for a franchise fee, the owner licenses his or her business's operations, as well as its products, branding, and knowledge. The franchisor is the company that grants franchisees licenses. A range of market environment issues, including unsatisfied consumers, high raw material and supplier costs, an increase in bank interest rates, and an internet industry slump, all lead to business failure.
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Zingerman's despised the idea of franchising because it was worried about
Zingerman's despised the idea of franchising because it was worried about profitability. A company's profitability is determined by how much money it makes compared to how much it spends.
More despised effective businesses franchising will make more money relative to their costs than less effective company, which must spend more to make the same amount of money. profitability and expenses are worried to determine profitability. Income is money that the firm makes through its operations. For instance, money is made when livestock and crops are raised and sold.
Nevertheless, money that enters the company through actions like franchising, borrowing money despised does not generate profitability. The accounting concept of profitability is often known as net profitability worried or net income.
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what are the ways of doing inspections?
Planning, Overview Meeting, Preparation, Inspection Meeting, Rework, and Follow-up are the steps in the inspection process. Iterations of the processes of preparation, inspection meeting, and rework are possible. Planning: The moderator organizes the inspection.
What two categories of inspections exist?Inspection before manufacture. Prior to starting production, raw materials should be evaluated during the pre-production stage.
Checking in-line. Additional checks should be made at various production phases.
What three categories of safety checks are there?Checklist for safety inspections. As the name suggests, a checklist is made for routine safety inspection of particular components to make the inspection process easier and avoid forgetting important stages.
A Tour of the safety inspection.
Risk mapping for safety inspections.
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Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, units sold include 140 units from beginning inventory, 270 units from the March 5 purchase, 120 units from the March 18 purchase, and 160 units from the March 25 purchase.
The cost which is assigned to the ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification, is computed below.
So for each of the inventory valuation calculations, we will use the perpetual inventory valuation approach.
Cost Assignment Beginning inventory
(a) Specific identification: 140 units
(b) Weighted average 270 units
(c) FIFO 120 units
(d) LIFO 160 units
For specific identification, Cost of goods sold:
March 5 sale 270 units from the beginning inventory at $50.40 = $2,520
and 120 units from March 18 purchase at $55.40 = $9,972
Mar 25 sale 30 units from the Mar 18 purchase at $60.40 = 1,812
and 160 units from March 25 purchase at $62.40 = 4,368
The total for cost of goods which is sold under specific identification = $18,672
Thus, ending Inventory = Cost of goods available for sale - Cost of the goods sold
= $8,206 ($26,878 - $18,672)
FIFO:
Cost of Goods Sold
March 9 sales of 230 units (70 × $50.40 + 160 × $55.40) = $12,392
March 29 sales of 100 units (50 × $55.40 + 50 × $60.40) = $5,790
Total cost of goods sold = $18,182
Ending Inventory:
Cost of goods available for sale - cost of the goods sold
= $8,696 ($26,878 - 18,182)
LIFO:
Cost of Goods Sold
March 29 sales of 100 units (100*$62.40) = 6,240
Total cost of goods sold = $18,798
Ending Inventory
Cost of the goods available for sale - the cost of goods sold
= $8,080 ($26,878 - 18,798)
The given question is incomplete, the complete question is given below-
Warnerwoods Company uses a perpetual inventory system. It enters into the following sales and purchases transactions for the month March.
Mar. 1 Beginning inventory of the 70 units at $50.40 $3,528
Mar. 5 Purchase 210 units at the $55.40 $11,634
Mar. 9 Sales of 230 units at $85.40 $19,642
Mar.18 Purchases 70 units at $60.40 $4,228
Mar.25 Purchases 120 units at the $62.40 $7,488
Mar. 29 sales of 100 units at $95.40 $9,540
Total units available for sale = 470
Total Sales = 330 units
Compute the cost which is thus assigned to the ending inventory by using (a) FIFO, (b) LIFO, (c) the weighted average, and the (d) specific identification.
For specific identification, the units sold include 140 units from beginning inventory, 270 units from the March 5 purchase, 120 units from the March 18 purchase, and 160 units from March 25 purchase.
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This résumé format focuses on an applicant’s work experience and education:
a.
Chronological
b.
Functional
c.
Skills
d.
Electronic
Answer:
a. Chronological
Explanation: hope this helps.
Ross White wants to reconsider his decision of buying the brackets and is considering making the brackets in-house. He has determined that setup costs would be $25 in machinist time and lost production time, and 50 brackets could be produced in a day once the machine has been set up. Ross estimates that the cost (including labor time and materials) of producing one bracket would be $14.80. The holding cost would be 10% of this cost. (a) What is the daily demand rate? (b) What is the optimal production quantity? (c) How long will it take to produce the optimal quantity? How much inventory is sold during this time? (d) If Ross uses the optimal production quantity, what would be the maximum inventory level? What would be the average inventory level? What is the annual holding cost?(e) How many production runs would there be each year? What would be the annual setup cost? (f) Given the optimal production run size, what is the total annual inventory cost? (g) If the lead time is one-half day, what is the ROP?
Ross White wants to reconsider his decision of buying the brackets and is considering making the brackets in-house. The solution for all problems is
The daily demand rate d=10The optimal production quantityQ=325Time =6.5 days , 65 packagesThe maximum inventory level is $192.4The recommended number of manufacturing runs each year is 8The yearly setup cost would thus be 200dollarsthe total annual inventory cost is 392.4ROP=5This is further explained below.
What is the daily demand rate?Generally, Since bracket demand is essentially consistent throughout the year and there are 250 working days per year, the daily demand rate equals the number of units demanded every day.
[tex]$$\begin{aligned}d &=\frac{2,500}{250} \\\end{aligned}$$[/tex]
d=10
(b) When using the production run model, the ideal production amount should be determined by the yearly setup cost equaling the annual holding or carrying cost.
[tex]\frac{Q}{2}\left(1-\frac{d}{p}\right) C_h=\frac{D}{Q} C_s[/tex]
where d is the daily demand rate, p is the daily production rate, C s is the setup cost, C h is the carrying cost per unit per year, and D is the yearly demand. 10% of this cost would be the holding expense, thus
C_h=10 *$ 14.80
As a result of solving the equation, we get the ideal production volume.
[tex]$$\begin{aligned}Q^* &=\sqrt{\frac{2 D C_s}{C_h\left(1-\frac{1}{p}\right)}} \\&=\sqrt{\frac{2 \times 2,500 \times \$ 25}{\$ 1.48 \times\left(1-\frac{10}{50}\right)}} \\&=325\end{aligned}$$[/tex]
The optimal production quantity is 325 brackets.
(c)
The ideal production volume divided by the daily production rate determines the duration of each production cycle.
[tex]$$\begin{aligned}\frac{Q^*}{p} &=\frac{325}{50} \\&=6.5 \text { days }\end{aligned}$$[/tex]
The number of brackets sold throughout the time period is calculated by multiplying the daily demand rate by the duration of each manufacturing cycle.
[tex]\begin{aligned}\frac{Q^*}{p} d &=\frac{325}{50} \times 10 \\&=65\end{aligned}$$[/tex]
(d)
The maximum inventory level according to the manufacturing run model is 269, because
[tex]$$\begin{aligned}Q^*\left(1-\frac{d}{p}\right) &=325\left(1-\frac{10}{50}\right) \\&=260\end{aligned}$$[/tex]
Additionally, the average inventory is equal to half of the maximum inventory, therefore
[tex]$$\begin{aligned}\frac{Q^*}{2}\left(1-\frac{d}{p}\right) &=\frac{325}{2}\left(1-\frac{10}{50}\right) \\&=130\end{aligned}$$[/tex]
And the annual holding cost is
[tex]$$\begin{aligned}\frac{Q^*}{2}\left(1-\frac{d}{p}\right) C_h &=130 \times \$ 1.48 \\&=\$ 192.4\end{aligned}$$[/tex]
(e)
The recommended number of manufacturing runs each year is
[tex]$$\begin{aligned}\frac{D}{Q^*} &=\frac{2,500}{325} \\& \approx 8\end{aligned}$$[/tex]
The yearly setup cost would thus be
[tex]\begin{aligned}\frac{D}{Q^*} C_s &=\frac{2,500}{325} \times \$ 25 \\&=\$ 200\end{aligned}$$[/tex]
(f)
The entire yearly inventory cost is equal to the annual setup cost plus the annual holding cost when using the ideal manufacturing run size.
[tex]\begin{aligned}T C &=\frac{D}{Q^{-}} C_s+\frac{Q^*}{2} C_h\left(1-\frac{d}{p}\right) \\&=\$ 192.4+\$ 200 \\&=\$ 392.4\end{aligned}$$[/tex]
(g)
Since there is a 2,500 unit annual demand for brackets and that demand is mostly stable, the lead time—defined as the interval from the time an order is placed and the time it is received—is $0.5 days. The reorder point, or ROP is identified as
ROP=Demand per day*Lead time for a new order in days
[tex]\\&=\frac{2,500}{250} \times 0.5 \\&=5\end{aligned}$$[/tex]
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Adding foreign stocks that are riskier than the portfolio average will always increase the risk of the portfolio.
True or False
The given statement is false. A portfolio is a collection of financial assets, such as securities, bonds, commodities, cash, and cash equivalents, such as closed-end funds and exchange-traded funds (ETFs).
How would foreign stocks Help in portfolio diversification?A portfolio is a collection of financial assets, such as securities, bonds, commodities, cash, and cash equivalents, such as closed-end funds and exchange-traded funds (ETFs). Most people think that a portfolio's core consists of equities, bonds, and cash.By diversifying your assets, it is one strategy to maintain a balance between risk and return in your investing portfolio. Spreading your investments out will limit your exposure to any one form of asset. This approach is known as diversification. This routine is intended to gradually lessen the volatility of your portfolio. Building a portfolio with a variety of investments that have various estimated risks and rewards is the technique of diversification. You can be protected by diversification from circumstances that could negatively impact certain investments.Hence, The given statement is false.
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The price of company stocks already trading on the stock market are determined by supply
and demand.
True
False
Which option is NOT a way to get out of a financial emergency?
The way to get out of a financial emergency is as follows
Maximize Your Liquid Savings.Make a Budget.Reduce the number of your monthly bills.Pay Close Attention to Managing Your Bills.assets other than cash, with the goal of maximizing their value.Reduce your balances on your credit cards.Get a Better Deal on Your Credit Card.Make Some Extra Money.This is further explained below.
What is a financial emergency?Generally, An unexpected cost or loss of revenue is an example of an emergency. Some examples of emergencies are a lost paycheck, a damaged roof, a flat tire, or a medical bill.
FEMA P-2142/August 2019. Emergencies that need financial assistance include things like damage to a vehicle, losing a job, needing medical care, experiencing property damage, or having a family emergency.
In conclusion, According to the provisions of Article 360, the President of India has the authority to proclaim a state of Financial Emergency if he has reason to believe that the financial stability or credit of India or any of its parts is in jeopardy.
It is necessary for it to get approval from the Parliament, as well as approval from both Houses of Parliament within a period of two months.
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Complete Question Not found
Options Not found
Use this topic based on a problem or issue you might deal with in one of the following divisions of a company:
a. accounting
1. Discuss the steps taken to narrow the topic,
2. the audience you would be writing for
3. the types of questions that the audience may have.
Explanation:
Assertion (A): Decaying of food is a chemical change.
Reason (R): Decaying of food is not a permanent change.
You are using a gas-
powered counterbalance
forklift to place the last
pallet of stone pavers into
top stock in Outside Lawn &
Garden before you can
break for lunch. You check
your clearances and place
the load safely. However, as
you are pulling straight
back to clear your forks
from the pallet, you back up
too far and hit the rack
behind you. The rack is
damaged, and you think
you smell fumes coming
from your gas tank. What
should you do next?
The most popular trucks utilized in almost all material handling tasks are counterbalance forklifts. Heavy loads need to be transported from one location to another. On solid, level surfaces, they can be utilized outside.
Describe Forklift?A forklift's main use is to move huge, bulky objects across long distances and through difficult terrain. It expedites the lifting, carrying, and moving of large objects when working on projects that require a lot of supplies to be spread out over numerous areas. To protect forklift operators and other surrounding workers, forklift operations must be managed safely. By following SOPs, accidents, risks, and dangers that are related to forklift operations can be reduced.
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Explain the impact of entrepreneurship on the individual, the family and the local community
The impact of entrepreneurship on the individual, the family and the local community is mentioned below.
Describe the effects of entrepreneurship on the person, the family, and the neighborhood.
By offering cutting-edge technologies, goods, and services, entrepreneurs stimulate economic growth. Existing businesses are forced to become more competitive due to increased entrepreneurship competition. Long-term and short-term job prospects are both created by entrepreneurs.
What effect does entrepreneurship have on the neighborhood?
Describe the effects of entrepreneurship on the person, the family, and the neighborhood.
By creating new products and services, they promote new employment, which eventually speeds up economic growth. Therefore, it makes sense to view public policy that encourages entrepreneurship as essential to the advancement of the economy.
Thus Economic Growth is Accelerated by Entrepreneurship.
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Which option is the best example of a good way to use your credit card?
Answer: paying your bill off in full each month
Explanation:
6 Credit card tips for smart users
Pay off your balance every month. ...
Use the card for needs, not wants. ...
Never skip a payment. ...
Use the credit card as a budgeting tool. ...
Use a rewards card. ...
Stay under 30% of your total credit limit.
When should you write a functional (skills) résumé?
a.
When you work history does not have obvious gaps.
b.
When you are making a career change.
c.
When your most recent job is similar to the one you are applying to.
d.
When you are applying to a very traditional company.
When changing careers, you should use a functional (skills) résumé. A functional resume is a resume format that emphasizes skills over experience.
What are functional skills on a resume?A functional resume's purpose is to draw attention to transferable skills rather than a chronological overview of your work history. Because of these characteristics, it is sometimes referred to as a skills-based resume. Functional skills are competencies that can be applied in a variety of work settings. Creating a list of functional skills that you have and enjoy using can help you focus on positions that will fit your talents and provide you with more satisfaction. Communication Knowledge and ideas are exchanged, conveyed, and expressed. A functional resume, as opposed to a chronological work history, focuses on your skills and experience.To learn more about functional (skills) résumé, refer to:
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Using the growth accounting equation, a country finds that half of its growth in output comes from growth in technology. Which of the following help explain the growth in technology?
Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the option once to place a check mark. For incorrect answer(s), click the option twice to empty the box.
check all that apply
Most companies decide to upgrade their computer systems.unanswered
Firms adopt new management techniques that allow them to increase profit.unanswered
A city builds four new warehouses near the river.unanswered
A city builds a new road.unanswered
Farmers adopt new seed varieties that increase yields.unanswered
A greater percentage of the workforce has a college degree.unanswered
The unemployment rate decreases so more workers are employed.unanswered
The government enacts legislation to reduce air pollution.
All the possible answers to this question are listed below:
- A greater percentage of the workforce has a college degree.
- Most companies decide to upgrade their computer systems.
- Farmers adopt new seed varieties that increase yields.
- Firms adopt new management techniques that allow them to increase profit.
Belinda saw that food price’s increased by 11 percent in the past two years. How much would $100 worth of groceries purchased two years ago cost today?
Answer: I'd put 11 x2 first then would subtract 100 from that total. That would be 78
Explanation:
I need help!!! offering brain list (25 points)
José is ready to begin the process of launching his business, but he is feeling overwhelmed by all the steps required to get started. He decides to make a concise list of steps that he should take in this process. The first step is "Choose and register a business name" Option A
This is further explained below.
What is a business name?Generally, Start by establishing a name ideas list and fusing industry buzzwords. Use a company name generator if that looks complex. Keep your company name simple, professional, and distinctive.
In conclusion, José is ready to begin the process of launching his business, but he is feeling overwhelmed by all the steps required to get started.
He decides to make a concise list of steps that he should take in this process. The first step is "Choose and register a business name" Option A
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José is ready to begin the process of launching his business, but he is feeling overwhelmed by all the steps required to get started. He decides to make a concise list of steps that he should take in this process. What should be the first step on José's list?
(1 point)
O Choose and register a business name
O Create and patent a suitable logo
Secure the appropriate licenses and permits
O Schedule any required inspection
2. Are you a Visual, Auditory, or Kinesthetic learner? How will knowing your learning style
help you to succeed in this course?
3. Explain how to develop professionalism and list five characteristics of a true professional.
4. What are Learning Styles? Explain why Learning Styles are important.
5. How has society been changed by technology?
The answers about Learning Styles are descripted below :-
A-2) Humans are usually Visual Learners
When it comes to learning knowledge, different learning styles identify strengths and limitations. Knowing your preferred learning methods will enable you to design study activities that will work best for you. Your preferred method of learning has nothing to do with how you prefer to study.
A-3) How to become more professional includes:
Be successful at work.Establish a professional presence.Be the first to start something.Maintain productive work habits, etc.A-4) A learning style is understood to be the techniques that various pupils frequently employ to study, and this can be done in a variety of ways.
A person's preferred method of learning is essential because it is known to be the best way for that person to be able to absorb, process, grasp, and retain information.A-5) - Among other things, technology has made it easier to travel, establish cities, and cultivate crops, effectively connecting all nations on earth, fostering globalization, and facilitating the expansion of economies and the conduct of business.
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Write the Pitt Fitness database in DBDL notation.
Step 1
The lookup table is used to constrain the values in the particular field of another table. It is one or two field table that contains that particular field as a primary key and establish the relationship with the original table. In our case, the Employee table is an original table and the Titles table is the lookup table that would constrain the values.
Step 2
It is understood that the Lookup table contains one or two fields that are used to constrain the values in a particular field of the related table. In order to create the table Titles that would constrain the values in the Title field of the Employee table. This field will act as a primary key in the Titles table and a foreign key in the employee table.
To create the table Titles following steps need to be followed:
(1) In a query design view create a new query and add the Employee table on which we have to create the Titles table.
(2) Add the number of rows in the query grid using the Totals button.
(3) Create the list of unique values for Title fields by selecting the group by options.
(4) Click on the Make Table button to change the query into a make table query.
(5) Enter the table name Titles in the dialog box and click on the run button to create the tables.
Step 3
Hence, the steps are given above to constrain the values in the Title field of the employee table and to create the new table.
James worked 48 hours last week. His straight time wage is $18 per hour and he earns time-and-a-half for any
hours worked over 40 hours per week. What is James's gross pay for the week?
OA. $1,296.00
OB. $1,152.00
OC. $864.00
OD. $936.00
James's gross pay for the week is $936.
How to find James's gross pay for the week?Given,
working hours of James = 48
Wage/hour = $18
Extra time pay = $27
Normal working hours = 40
Solution:
Total Pay for normal working hour = 40*18 = $720
Total Pay for extra time pay = 8*27 = $216
James's gross pay for the week= Total Pay for normal working hours + Total Pay for extra time pay
= $720+$216 = $936.
James's gross pay for the week is $936.
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[Para. 4-a-2] Encumbrances were recorded in the following amounts for purchase orders issued against the appropriations indicated:
General Government $ 193,220
Public Safety 442,900
Public Works 216,632
Health and Welfare 162,045
Culture and Recreation 143,580
Total $1,158,377
Required: Record the encumbrances in the General Fund general journal and Detail Journal as appropriate. In the Detail Journal, select “Purchase Orders” from the drop down [Description] menu.
The information given is recorded in a General Fund General Journal as indicated in the attached image. See the definitions of Journals and related information below.
What is a General Journal?A journal entry is an act of maintaining or producing records of any economic or non-economic transaction. An accounting journal, which shows a company's debit and credit balances, records transactions. The journal entry can be made up of many records, each of which is either a debit or a credit.
Because a general journal is where commercial transactions and occurrences are first recorded, it is also known as a "book of first entry."
Records are entered in the general journal in chronological order and are accessible in one location, allowing management and accountants to readily assess the data.
The differences between journals and general journals are:
The purchases journal records credit transactions while the general journal records cash purchases. Purchases Journals record only certain types of transactions, while the general journal records all remaining transactions.
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In the following table, list five examples of products or services for which you have noticed price changes. Identify the product or service; show whether the price change was an increase or decrease; and identify the reason for the price change. Answers will vary. WRITE A TABLE
The five examples of products or services for which one notices the price changes includes gas, onions, rice, data service, and call rate.
The breakdown of the products or services mentioned is explained below:
Gas (increase in the price): the price changes due to the War in Russia which resulted in its supply.
Onions (increase in the price): there is an increase in price of onions due to the long season of locust (pest) which destroyed a lot of farm produce.
Rice (increase in the price): the price changes as a result of importation ban on rice and the consequence of the flooding.
Data service (decrease in price): this change is caused by the availability of wifi access which is now killing the idea of data subscription.
Call rate (decrease in price): the change in the price of voice call is as a result of the competition that now exists among the service providers.
The given question is incomplete, the complete question is-
In the following table, list five examples of products or services for which you have noticed price changes. Identify the product or service; show whether the price change was an increase or decrease; and identify the reason for the price change. Answers will vary.
Product or service Price Increase or Decrease Reason for price change
Name food Did the food price
increase or decrease
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Given acceptable credit utilization is 30%, if you have a credit limit of $1000 -
how much can you comfortably spend to maintain a good credit rating?
O $300
O $333
O $150
O $500