owen is exploring possible career pathways in logistics and transportation. he likes problem solving and is very passionate about helping to keep the planet safe. what career pathway might be a good fit for owen?

On March 15, the journal entries that Fret Company must include:

Debit Sales Returns $600

Credit Accounts Receivable $600

Debit Inventory $350

Credit Cost of goods sold $350

The journal entries are the daily records that are maintained for sales and purchases transactions, including the return of goods and cash payments and receipts.

Journal entries identify the accounts to be debited and the accounts to be credited, enabling postings to the general ledger to be made.

March 12 Accounts Receivable $7,800 Sales Revenue $7,800

March 12 Cost of goods sold $4,500 Inventory $4,500

March 15 Sales Returns $600 Accounts Receivable $600

March 15 Inventory $350 Cost of goods sold $350

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

#SPJ1

Assuming that in the year 2010, the US Nominal GDP was $15 trillion, while the GDP deflator was 200, then, the US Real GDP for 2010 will equals to $7.5 trillion

This refers to an inflation-adjusted measure that reflects the value of all goods and services produced by an economy in a given year which is expressed in base-year prices and often referred to as constant-price GDP, inflation-corrected GDP etc.

To calculate out Real GDP. We are using this formula "Real GDP=Nominal GDP/GDP deflator×100"

Where: Nominal GDP=$15 trillion, GDP deflator=200

Real GDP = $15 trillion/200 × 100

Real GDP = $7.5 trillion

Read more about Real GDP

brainly.com/question/6348208

#SPJ1

The entry to close the income summary account at the end of the year, after revenue and expense accounts have been closed, is: Net income

This is further explained below.

Generally, The sum of all of a company's earnings that it brings in over the course of a calendar year through the sale of its goods, services, or other holdings is referred to as its annual revenue.

Your annual income does not take into account any of your costs in any way. On income statements, the word "sales" is often used as a synonym for "revenue" because of this reason.

The net profits of the firm are used to determine the amount of retained earnings.

After the company's net earnings have been moved to the retained earnings account, the dividend will then be paid out to the company's shareholders. Initially, the retained earnings account will be funded with the net earnings.

In conclusion,  the equation for the Net income  is mathematically given as

N=annual revenues- expenses

Therefore

N = 188,000 - 105,000

N= $83,000

Read more about annual revenues

https://brainly.com/question/20361757

#SPJ1

$125 simple interest will be earned within the second year.

We can use a simple interest basis,

A = P(1 + in)

A = 100(1 + 0.05(five) )

= $125 at the stop of the 5th year.

Simple interest is a quick and clean method for calculating the interest price on a loan.

Simple interest is decided with the aid of multiplying the day-by-day hobby fee thru the importance via the use of the range of days that elapse among bills.

Simple interest is calculated with the following system: S.I. = P × R × T, where P = most important, R = rate of interest in % in line with annum, and T = Time, generally calculated as the extensive type of years. The charge of interest is in percentage r% and is to be written as r/100.

Learn more about simple interests here: brainly.com/question/20690803

#SPJ1

'A company hires a third party to click on its competitor’s online ads, with no intention of learning more about the advertiser or making a purchase. This is an example of an Affiliate marketer.

Affiliate marketing is a marketing arrangement in which an affiliate receives a commission for each visit, signup, or sale that an affiliate generates for a merchant. This agreement allows companies to outsource part of the sales process.

Affiliate marketing has his three main types: independent affiliate marketing, related affiliate marketing and participatory affiliate marketing.

E-Commerce Affiliate marketing promote other companies' products, services or websites through their own channels and earn commissions. Ecommerce affiliate marketing is growing in popularity and is being used to increase sales and generate online revenue, which benefits both brands and affiliate marketers.

Learn more about Affiliate marketing https://brainly.in/question/9504252

#SPJ1

Here the first semiannual interest payment is $18,000, and the 150,000 bond matures at $153,000 on November 1, 2017.

The reports financial statements each December 31. on may 1, of the current year balance Sheet

Transaction cash assets + non cash assets = liabilities + earned capital

(a)                    $400,000                                        $400,000      ----------

(b)                   ($18,000)                                            ------------     ($18,000)

(c)                  ($153,000)                                        ($150,000)   ($3,000)

(b) first semiannual interest payment

= $400,000 × 9% x 6/12 = $18,000

(c) retirement of $150,000 of the bonds at 102 on November 1, 2017.

= $150,000 x 102% = $153,000

Official records of a person's, a company's, or another entity's financial position and actions are called financial statements. Financial data that is relevant is presented in a structured and understandable manner.

Learn more about Financial statements https://brainly.com/question/14951563

#SPJ4

Using an assumed value, the baseball team in a recent year paid their shorstop $30 million and paid their ace pitcher $60 million, making a total of $90 million for the two salaries.

From our assumed data,

Let a + b = 90 million which is the total paid for the two salaries

Where:

a represent the shortstop

b represent the pitcher

so pitcher (b) gets paid 2 times of what the the shortstop (a) gets paid that means, b = 2a

So a + 2a= 90 million

3a = 90

a = 30

Learn more about simple arithmetic from:

https://brainly.com/question/4231128?referrer=searchResults

#SPJ4

Rollins Inc. ROLLINS INC. Statement of Comprehensive Income trial balance is prepared below :

A trial balance is defined as  a financial report showing the closing balances of all accounts in the general ledger at a point in time. Creating an trial balance is the very first step in closing the books at the end of an accounting time . A trial balance can be  a list of all the general ledger accounts contained in the ledger of a business. This list would  contain the name of every nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance

For the year ended December 31, 2024:

Sales revenue                                                     $6,700,000

Cost of goods sold                                              -4,400,000

Gross profit                                                         $1,500,000

Selling expense                                   480,000

General and administrative expense 300,000    -380,000

Operating Income                                                $800,000

Interest revenue                                    40,000

Interest expense                                  -20,000       20,000

Income before taxes                                           $820,000

Income tax (25%)                                                  -205,000

Income after tax                                                   $615,000

Other comprehensive income:

Gain on projected benefit obligation   260,000

Restructuring costs                               -190,000

Loss on sale of investments                  -10,000

Loss on debt investments                   -160,000  -100,000

Other comprehensive income                           $515,000

Data and Calculations:

Trial Balance as of December 31, 2021:                                                                                                

                                             Debits                             Credits

Sales revenue                                                             5,900,000

Cost of goods sold             4,400,000

Interest revenue                                                            40,000

Interest expense                    20,000

Loss on sale of investments     10,000

Loss on debt investments                   160,000

Gain on projected benefit obligation                                260,000

Selling expense                                      400,000

Restructuring costs                                 190,000

General and administrative expense    300,000

Learn more about trial balance :

brainly.com/question/24696035

#SPJ9

Buyers enjoy consumer surplus when the market price is lower than the highest price buyers are willing to pay; sellers enjoy producer surplus when the market price is higher than the lowest price sellers are willing to accept.

Consumer surplus is the difference between the highest price a consumer is willing to buy a good or service and the price of the good.

Consumer surplus increases as the price of the good decreases. When drawn on a graph, consumer surplus is the triangular area between the price of the good and the highest amount consumers are willing to pay for the good.

Consumer surplus = highest price the consumer is willing to pay – price of the good

Producer surplus is the difference between the price of a good and the lowest price the seller is willing to sell the product. The higher the price of a good, the higher the producer surplus.

Producer surplus = price – least price the seller is willing to accept

Producer surplus and consumer surplus are used to measure the total welfare in the economy.

To learn more about consumer surplus, please check: https://brainly.com/question/25816093

#SPJ1

For Essentium Materials, the company profiled in the opening feature in Chapter 8, an essential financial metric is to work to grow its monthly revenues faster than its monthly burn rate.

In the business and the financial world, the use of the terms burn rate has to do with the ways that a company would have to make use of its venture capital in a way that it would finance the overhead in the business.

This would be before the company would be able to start to generate money from the business operations that they have.

Read more on financial metrics  here: https://brainly.com/question/28146445

#SPJ1

For Essentium Materials, the company profiled in the opening feature in Chapter 8, an essential financial metric is to work to grow its monthly revenues faster than its monthly ________ rate.

A) accounts payable

B) accounts receivable

C) burn

D) return

E) profitability

The cutover strategy in which many organizations replace an information system by slowly phasing in components of the new system while slowly phasing out components of the old one is called the d) phase-in approach.

In the phase-in approach, a project is broken down into pieces to complete it as it is a large project to complete on the whole.

The information systems of an organization are large data collections and cannot be replaced in one go for an organization.

In order for replacing the information system of an organization, the phase-in approach is used. In this approach, the new components of the information system are introduced slowly and the older once are removed slowly. There is a slow phase-in and a slow phase-out so that it is easier to replace a system.

Although a part of your question is missing, you might be referring to this question:

Many organizations replace an information system by slowly phasing in components of the new system while slowly phasing out components of the old one. what is this cutover strategy called?

a. direct conversion

b. parallel start-up

c. pilot start-up

d. phase-in approach

To learn more about strategy, click here:

https://brainly.com/question/28318038

#SPJ4

When interest rate will fall down from 15% t0 10% the future value will get reduced.

Given information:

Let's assume no of years to be 4, n=4

Present value (PV) = $15,000

Interest rate (i) = 15% = 0.15

Future value = Present value (1+i) ^n

FV = 15,000(1+0.15) ^4

     = $26,235.093

If interest rate come down to 10%, (i)= 0.10

Future value = 15,000(1+0.10) ^4

                    = $21,961.5

The worth of a liquid asset at a predetermined time relying on a presumed growth rate is known as future value (FV). Investment professionals and financial planners are concerned with future value since it helps them approximate how much a money invested today will be valued in the future.

Knowing in advance what an asset will provide in future date will help the investors to make a perfect investment decision.

Learn more about future value here:

https://brainly.com/question/14860893

#SPJ4

Yes, a manager who privately and confidentially shares opinions about an ex-employee with a peer at another facility is making his or her own organization vulnerable to certain legal charges.

Leaders can notice and learn if staff members need support or assistance by being visible, accessible, and compassionate. One of the most crucial principles a leader or management should understand is the influence of assisting their colleagues in their work.

More than just being noticed, visible leadership is active. The board's responsibility to establish a culture that demonstrates an organization's values and mission while considering employee and community feedback is unwavering. Leadership and employees communicate in total transparency.

To learn more about leadership, the given link:

https://brainly.com/question/28487636

#SPJ4

Answer:

whats the question your asking

The cost of goods sold for Madison outlet using the FIFO inventory method is $2,600.

FIFO is an abbreviation for first in, first out. FIFO is an inventory method that postulates that the first inventory to be bought is the first to be sold. This means that when a unit of inventory is sold, it is assumed that it is sold from the inventory purchased at the earliest. The ending inventory is made up of inventory that was purchased latest.

Other inventory methods are last in, first out (LIFO) and the average inventory method.

Using the FIFO inventory method, the 12 sales to customers would be taken from the beginning inventory and the inventory purchased on March 14.

Cost of goods sold = $2000 + (2 x $300)

$2000 + $600 = $2,600

To learn more about FIFO, please check: https://brainly.com/question/294129

#SPJ1

Trade accounts receivable, notes receivable, and other receivables are the three categories into which receivables are typically broken down.

Do credit card bills ever get forgiven?

When a credit card issuer determines that a debt is uncollectible, it will often write it off. This often occurs after a minimum of six months without any payments. However, the method used by each creditor to decide whether a debt can be collected varies.

What is the accounts receivable entry?

a journal entry for accounts receivable. The sum that the business is owed by the client for the sale of its products or services is known as account receivable. The accounts receivable account is debited and the sales account is then credited to record the credit sales of goods and services.

Sydney - Buyer 11 Merchandise Inventory 40000 Accounts Payable 40000

11 Items in Inventory 345

Cash 345

12 Products in the Inventory 1400

1400 Accounts Payable

20 Payable Accounts 38600

Inventory of Goods 1158

Cash 37442

Troy - Seller 2.

11 Receivables totaling $40,000

Sales 4000

30000 in cost of goods sold

30000 in merchandise inventory

13 Sales Allowances and Returns 1400

1400 accounts receivable

Price of Good Sold 800

Inventory of Goods 800

21 Cash 37442

Discount in sales 1158

Credit Card Debt 38600

To learn more about accounts from the given link.

https://brainly.com/question/26181559

#SPJ9

Full Question - On May 11, Sydney Co. accepts delivery of $40,000 of merchandise it purchases for resale from Troy Corporation. With the merchandise is an invoice dated May 11, with terms of 3/10, n/90, FOB shipping point. The goods cost Troy $30,000. When the goods are delivered, Sydney pays $345 to Express Shipping for delivery charges on the merchandise. On May 12, Sydney returns $1400 of goods to Troy, who receives them one day later and restores them to inventory. The returned goods had cost Troy $800. On may 20, Sydney mails a check to Troy Corporation for the amount owed. Troy receives it the following day. (Both Sydney and Troy use a perpetual inventory system.)

1. Prepare journal entries that Sydney Co. records for these transactions.

2. Prepare journal entries that Troy Corporation records for these transactions.

The wisest way for Sam to get the cash he needs today is to withdraw the cash from his checking account.

In a financial institution, a checking account is a deposit account that permits both deposits and withdrawals. Checking accounts, also known as demand accounts or transactional accounts, are relatively liquid and can be accessed via cheques, automated teller machines (ATMs), and electronic debits, among other methods. A checking account varies from other bank accounts in that it frequently permits unlimited deposits and a restricted number of withdrawals, in contrast to savings accounts that occasionally restrict both.

Anyone who frequently wants to make withdrawals or other bank account operations should have a checking account. Generally speaking, opening a checking account is very simple. You can apply online or in person at a bank branch and receive a checking account within an hour.

to know more about checking account check the link given below:

brainly.com/question/17014586

#SPJ9

The replacement is rated according to how closely it resembles the entrepreneur's special resource and capability. The alternative serves the same fundamental demand that the original product or service satisfies.

The required details for substitute in given paragraph

A replacement is a product that consumers can quickly swap out for another. In economics, goods are frequently substituted for one another if the demand for one product rises as the price of the other does. In economics and consumer theory, a substitute, or substitutable good, is a thing or service that customers perceive as being substantially the same as or sufficiently similar to another good. A product that serves as a replacement is known as a substitute.

Alternatives are valued by customers and have a significant role in the market.

To know about substitute in given link

https://brainly.com/question/25869125

#SPJ9

It is true that a European Works Council is a transnational, company-level committee of employees that gives workers the opportunity to learn about their company to have a voice in providing feedback.

European Works Councils are organizations that represent a company's European employees. Workers are informed and consulted by management about the progress of the business as well as any significant decisions made at the European level that may affect their employment or working conditions. European Works Councils (EWC) are information and consultation bodies that represent employees in multinational corporations in Europe.

Here is the complete question-

State if this statement is true or false.

A European Works Council is a transnational, company-level committee of employees that gives workers the opportunity to learn about their company's financial health and future plans and to have a voice in providing feedback and ideas about these plans.

Learn more on  employees -

https://brainly.com/question/10741649

#SPJ4

The Walt Disney Company has developed a strategy that pursues diversified business operations in an effort to maintain its competitive edge.

What is corporate diversification strategy ?

When businesses want to expand, they use a diversification approach. In order to boost revenues, it is a practice to add a new product to your supply chain. These goods may represent a new subset of the market that your organization already serves, a strategy known as business-level diversification. Instead, if you enter a new market, corporate-level diversification takes place.

One of the four growth techniques popularized by Igor Ansoff is diversification. One of these growth strategies is more likely to be a fit for your business than the others, depending on the sector, size, and goals of your organization.

To learn more about diversification strategy checkout the link below :

https://brainly.com/question/417234

#SPJ9

A project manager asks these questions at the quality planning stage of the quality management process.

The majority of businesses normally adhere to a set of methods known as a quality management process to guarantee the caliber of the deliverables. Establishing quality goals that have the customers' approval is typically required to start a QMP.

The process of selecting what is most crucial to the project is called quality planning. This happens when you're preparing a project and deciding what elements are essential for its success. This covers the tools required to complete the project, the procedures to follow, and the requirements that must be satisfied.

Learn more about quality management process: https://brainly.com/question/14672838

#SPJ9

If Alejandro wants to pay off his student loan by basing it on how much he is earning at his job after graduation, then Income-Driven Repayment Plan is best for him.

In many countries, the government provides a federal loan to students in need so that they can manage their education. Also, to pay these lean there are different repayment plans that the government launches so that the students can pay off these loans easily.

In the scenario described above, Alejandro plans to pay off the loan with the earnings he gets from a job after graduation. Such a type of repayment plan that is based on income is referred to as an income-driven repayment plan.

To learn more about student loan, click here:

https://brainly.com/question/22503535

#SPJ4

$ 0.0222 per unit is the inventory that turns independent of the price.

Inventory

Inventory, often known as stock, refers to the items and supplies that a company keeps for the purpose of resale, manufacturing, or use. Inventory management is largely concerned with establishing the shape and positioning of stocked products.

McDonalds Inventory: $129.40 Revenue: $17,140.50  COGS:  $11943,70  Gross Profit: $5,196.80

Wendy's Inventory: $54.40 Revenue: $3148.90  COGS: $1534.60       Gross Profit: $1513.40

Inventory Turnover Ratio = COGS/Inventory

McDonalds = 11943.70 / 129.40 = 92.30

Wendy = 1534.60 / 54.4 = 28.21

Holding Cost for one unit

McDonalds = 0.3 [tex]\times[/tex] $ 3 [tex]\times[/tex] 1/92.3 = $ 0.0097

Wendy = 0.3 [tex]\times[/tex] $ 3 [tex]\times[/tex] 1/28.21 = $ 0.0319

Higher for Wendy = .0319 -.0097 = $ 0.0222 per unit

To learn more about Inventory

https://brainly.com/question/24868116

#SPJ9

Speedy sneakers has given a foreign entity the right to produce and sell its running shoes in return for a royalty fee on every unit sold. this is called false Licensing.

An entity that has already been incorporated in another territory, state, or nation is referred to as a foreign entity. In addition to international organizations, foreign governments, and any agency or division of foreign governments, a foreign entity is any corporation, business produce, partnership, trust, society, or other entity or group that is not incorporated or organiszed to conduct business in the United States. A foreign corporation is a company that operates in another country.

To learn more about foreign entity, click here.

https://brainly.com/question/5853745

#SPJ1

Based on the fact that the third party clicks on the competitor's online ads with no intention to interact with the advertiser, this is an example of  Click Fraud.

Click Fraud refers to an unethical action that companies get into these days to increase the advertising costs of their competitors thanks to pay-per-click advertising.

With Click Fraud, a company gets a third party to click on the ads of their competitors with no intention of actually purchasing the goods or service of the company. This way, the company gets charged more for people clicking on their ads, even though their ads don't bring them additional sales.

Find out more on online ads at https://brainly.com/question/1264922

#SPJ1

If bahari owns an international grocery store in new york. he has benefited highly from the trading bloc that allows him to purchase food products from central american nations at a nice discount. with many of his customers from costa rica, the dominican republic, and guatemala, he is particularly grateful for CAFTA-DR , a trading bloc.

CAFTA-DR which full meaning is Dominican Republic–Central America Free Trade can be defined as a form of trade agreement between two or more nation example is the trade agreement between nation of Dominican Republic and the nation of Central America.

The advantage of free trade agreement between nations is that it help to boost trade among countries.

This scenario is an example of  Dominican Republic–Central America Free Trade because bahara has benefited from buying from central american nation.

Therefore we can conclude that bahari engages in free trading.

Learn more about trade agreement here: https://brainly.com/question/6707502

#SPJ1

If during the period the company purchased $61,000 of merchandise and at the end of the period, inventory was $22,000. If the gross profit percentage was 40%, The sales revenue is $115,000.

Using this formula to determine the company sales revenue

Sales revenue = Beginning  inventory + Merchandise - Ending inventory / (1- Gross profit percentage)

Where:

Beginning  inventory = $30,000

Merchandise = $61,000

Ending inventory = $22,000

Gross profit percentage = 40%

Let plug in the formula

Sales revenue :

Sales revenue= $30,000 + $61,000 - $22,000 /(1- .40)

Sales revenue = $69,000 /0.60

Sales revenue= $115,000

Therefore we can conclude that the company has  sales revenue of the amount of $115,000.

Learn more about Sales revenue here: https://brainly.com/question/1539508

#SPJ1

On December 31, the entry for the prepaid insurance in the balance sheet should be adjusted to  $2,200

The fee connected with an insurance contract that has been paid in advance of the coverage period is known as prepaid insurance. Thus, prepaid insurance is the money paid for an insurance contract that has not yet been used after the time period specified in the contract has passed.

From the data, the insurance payment should be fully accounted within 18 months.

Monthly premium cost = $3,600 / 18 = $200

The remaining months on December 31  (from May 31) = 18 months - 7 months = 11 months

Hence, the adjustment for the prepaid insurance is: 11 x  $200 =  $2,200

Learn more about insurance here:

https://brainly.com/question/27015627

#SPJ4

According to the statement about two independent project with cash flow is    You should accept both projects based on both the NPV and IRR decision rules.

Option E is correct.

Cash flow is defined as  the movement of money in and out of a organisation . Cash received identifies  inflows, and cash spent identifies  outflows. The cash flow statement is a financial statement that reports on a company's sources and usage of cash flow over definite  time.

Net present value (NPV) is defined as  the difference between the present value of cash inflows and the present value of cash outflows over a definite  period of time. On contrary , the internal rate of return (IRR) is a calculation used to predict  the profitability of potential investments.

The question is incomplete the missing part is given below:

You are considering two independent projects with the following cash flows. The required return for both projects is 16 percent. Given this information, which one of the following statements is correct?

Learn more about cash flow:

brainly.com/question/10922478

#SPJ9