Completed work for a client and sent a bill for 27000 to be paid within 30 days
Pass a journal entry for the above transaction
Answer:
See below
Explanation:
This is an ordinary business activity that results in revenue for the company. Revenue for the business will increase by 27000. Revenue is an equity account; there will be a credit entry of 27,000.
The client will pay within 30 days. The account receivables ( assets account) will increase (debit)by 27000.
The journal entry will be
Account receivable Dr. 27,000
Sales / services account Cr. 27,000
Under the Federal Insurance Contributions Act, where do the funds for Social
Security and Medicare come from?
Answer:
It is deducted from the workers
Explanation:
All employers are required to deduct social security and medicare taxes from their employees' paychecks. The deducted amounts are remitted to the government through the social security administration authority.
Therefore, the funds for Social Security and Medicare come from the employees' paycheck. It is the workers who contribute these funds from their income.
Specialization can help a country's economy by:*
A) increasing its overall opportunity costs.
B)reducing the level of division in its labor force
C)increasing the cost of its voluntary exchanges
D)reducing its need to be self-sufficient,
Answer:
D)reducing its need to be self-sufficient,
Explanation:
Specialisation by a country's economy means that it produces only the specialised goods & even export it, import the other goods.
It decreases opportunity costs, decreases cost of voluntary exchanges. Higher level of specialisation implies there is increased labor force division.
However, it reduces need of country to be self sufficient. As, it can gainfully trade its specialised goods for other goods (in which other economy specialises).
Answer:D
Explanation:
For each obstacle, select the best solution.
not getting in to a class:
failing a class:
not being accepted to college:
not saving enough money to pay for college:
Answer:
3 3 1 2
Explanation:
Answer:
3 3 1 2
Explanation:
describe the process of career planning
Answer:
The career planning process involves taking the time to decide what your career goals are and how you'll get there. You might engage in this process on your own or with a guidance or career counselor. You can also start the career planning process at any point in your career.
Explanation:
Answer:
aalu jasto answer dinxa
What is it called when you are able to touch and feel a product?
he loves me, he gives me all his money, that gucci prada comfy, my suger daddy:)
Answer:
what did he sayyyyyyyyyy
dunn dunn dun dunn dun
A record store that sells $1,000 woth of CDs per day to 40 customers ( the average cost of goods sold per unit is $12.50) How much is the store COGS? ____________________
Answer:
$500
Explanation:
COGS or the cost of goods sold is the total cost of all goods sold in a period. It is the direct cost of productions and include direct labor costs, direct materials, and direct overhead costs.
In this case, The average cost of goods sold per unit is $12.50. The business sells to 40 customers. The totals cost of goods sold or the COGS will be
=$12.50 x 40
=$500
Select the correct answer.
Why are borrowing and lending money important in the United States?
A.
They ensure that people and businesses can buy what they need.
B.
They ensure that money is distributed equally and fairly to all.
C.
They ensure that the government's financial regulations are followed.
D.
They ensure that the nation can avoid an economic recession.
Answer:
A.
They ensure that people and businesses can buy what they need.
Explanation:
Borrowing involves requesting and receiving a huge sum of money in a lump sum. Households and firms borrow from lenders to finance business expansion or domestic consumption.
In the economy, borrowing is significant as it facilitates the acquisition of start-up capital, capital goods, and household developments. Without borrowing and lending, these investments and consumption would not be possible as they require large sums of money to initialize. If firms and households depended on savings for capital and consumption expenditure, the rate of economic growth would be very slow. It would take many years to achieve the substantial amount needed for expansion and development projects.
Answer:
A. They ensure that people and businesses can buy what they need.
Hope this helps!
Explanation:
Compare these costs.
48 paper plates for $2.99
75 paper plates for $3.99
Answer:
the $3.99 one cost less per unit
Explanation:
the $2.99 = $0.06 per unit
the $3.99 = $0.05 per unit
Select the correct answer.
Kruger Trading Inc. buys goods on credit. In which two accounts will the company post this transaction after entering it into the journal?
Answer:
с. Purchases and Creditors
Multiple choices
A. Goods and Cash
В.Goods and Creditors
с. Purchases and Creditors
D.Purchases and Cash
Explanation:
The purchase account is used to record purchased goods. Accountants and bookkeepers usually do not operate a goods account. When goods are purchased, they increase the purchases account.
Purchased goods are either paid in cash or on credit. Cash purchases reduce cash held in the business and are recorded in the cash account. Credit purchases increase liabilities and are recorded in the creditor's accounts.
what is another name for needs (select all that apply)
fixed expense, varible expense essentail expense, and discretionary expense
Answer:
essential expense
Explanation:
Needs are the items we must have to survive or accomplish somethings. A need is that thing one cannot afford not to have or things we cannot do without. Food, shelter, and clothing are considered basic needs because, without them, one's survival is threatened.
Needs are, therefore, essential for survival. Any expenditure on needs is an essential expense.
Q1. This organizational structure violates the unity of
command principles because of dual reporting
relationship.
A. Functional organization
B. Line type organization
C. Matrix organization
D. Network organization
Q2. It is a collection of independent, mostly single
function enterprises that collaborate on a good
or service.
A. Divisional organization
B. Functional organization
C. Matrix organization
D. Network organization
Q1. This organizational structure violates the unity of command principles because of dual reporting relationship.
Q2. It is a collection of independent, mostly single function enterprises that collaborate on a good or service.
Answer:C. Matrix Organization A. Divisional Organization Explanation:That's my opinion and I hope it helps ^_^
#CARRYONLEARNING #STUDYWELLMark Simpson earns $980 biweekly as a security guard for Albany Med. His group medical insurance costs $7,000 a year. The company pays 90% of the cost of medical insurance. How much is deducted from Marks biweekly paycheck for medical coverage
Answer:
$26.923
Explanation:
Biweekly payment means payments every 14 days or 2 weeks. One year has 52 weeks. Mark is paid 26 times per year
if the company pays 90% of $7000, then Mark pays 10% of $7000
Mark pays = 10/100 x $7000
=0.1 x $7000
=$700
The amount of $700 is spread over 26 weeks.
Each paycheck, Mark will be deducted
=$700/26
=$26.923 per check
Your classmate is telling you how they plan to become financially secure.
Which of the following factors can help him do so?
saving money
both saving and investing money
investing money
neither saving nor investing money
it is not just the answer "Saving money" i already took the test and that answer was wrong
Answer:
both saving and I vesting
Why is it usual for architects, carpenters, and building inspectors all to be investigative?
They all get their primary satisfaction from their relationships.
O They all value order and power.
They all value observation and organizing information and data.
O They all prefer to deal with mechanical rather than aesthetic issues.
Answer:
They all value observation and organizing information and data.
Explanation:
Architects, carpenters, and building inspectors tend to be perfectionists that strive to achieve perfection, by gathering information and data.
Select the examples that best represent Architecture and Construction customers. Check all that apply.
a supermarket company that wants to build a new store
a company that needs its vehicles to be maintained
a homeowner who wants the house cleaned for a party
a company that cleans up pollution in rivers
a homeowner who wants to remodel the home
a city that wants to repair its roads
Answer:
Explanation:
1 5 6
The best examples that represents a person that works in construction and architecture are:
a supermarket company that wants to build a new store.a homeowner who wants to remodel the homea city that wants to repair its roadsWhat is architecture?This is a type of job that requires the modeling of houses. Architects are people that are involved in the building and the remodeling of houses and buildings.
A construction worker is a person that works on site. Such people are known to fix roads.
Read more on architecture here:
https://brainly.com/question/9760486
Promotional discounts are given to stores by manufacturers to place their products in preferred locations in the store and to display their products in a ski manufacturer sells a local ski shop 35 pairs of their new store window: skis for $7000, which is a discount of $2,625. What is the percentage of the discount given to the store? (Round your answer to the nearest whole percent.)
Answer:
27%
Explanation:
The ski was sold for $7,000 which has a discount of $2,625.
the price before discount is
= $7,000 + $2,625.
=$9,625
the discount as a percentage
=$2,625 / $9,625 x 100
=0.272727 x 100
=27.27%
=27%
Describe the difference between an idea and a business opportunity.
A new business should be based on an entrepreneur's individual interests because the entrepreneur must...
A. have sufficient confidence to succeed.
B. be willing to take personal responsibility.
C. have enough determination to work alone.
D. dedicate as many hours as needed to the work.
Will mark brainliest!
Answer:
A.................
Explanation:
look at my pokemon
Answer:
D
Explanation: because i said so but it might not be right
what is judiciary and executive?
what are some good jobs for an 15 or 16 year old ?
Answer:
dog walker,babysitting, fastfood restaurants
Answer:
Babysitter, Newspaper Delivery, Lawn Mowing, Lifeguard, Working Retail, Fast Food Server
Explanation:
explain fixed capital
Answer:
see below
Explanation:
Fixed capital refers to the durable assets required to start and maintain business operations. They are long-term investments such as equipment, plants and machinery that are used repeatedly over a long time to produce goods and services. The term fixed implies that these assets are not consumed or get diminished in the production process.
Fixed capital comprises tangible assets that are not meant for sale in the current period. They have a useful life of several years, necessitating depreciation techniques to be applied.
Why do older kids think they know every thing?
Answer:
I have no clue tbh lol they think they are the boss of us
Services’ marketing is not as advanced as products marketing.
true or false
Answer:
false
Explanation:
Which of these is a financial service offered to business owners?
A.) Core Competencies
B.) Dividend payments
C.) Insurance
D.) Operational efficiencies
Answer:
C.) Insurance
Explanation:
Financial services include the services offered by banks, insurance companies, investment houses, real estate brokers, lenders, and finance companies. These services have a commercial aspect of either saving (pooling of resources), borrowing, or investing.
In this list, insurance is a financial service. Insurance is the purchase of protection or cover against risks. Insurance companies undertake to provide financial compensation in the event of loss arising from the risk insured against in exchange for premiums. Insurance companies pool resources together to compensate a member who has suffered a financial loss.
The advantages of personal financial planning include:
a. Increased effectiveness in obtaining, using and protecting your financial resources
b. Increased control of your financial affairs by avoiding excessive debt and bankruptcy
c. Improved personal relationships resulting from better communicated financial decisions
d. All of these
e. None of these
Answer:
d. All of these
Explanation:
Personal financing is the process of organizing and managing an individual or household's income to achieve set financial goals. It involves managing personal finance activities such as income, expenditure, savings, and investments. The primary objective of personal finance is to assist individuals maximize their current incomes and make future plans. As a result, they can achieve both short term and long term goals.
Write a three- to five-sentence paragraph that defines economics. Based on your definition, explain why it is difficult to consider economics an exact science. You may want to consider how economists approach economics to help you explain your answer.
Answer: See explanation
Explanation:
Economics is referred to as a social science that is concerned with how goods are produced, how they're distributed and how they're consumed. Economics is the social science that studies why human beings behave the way that they do.
It is difficult to consider Economics as a science because it lacks a hypotheses that's testable. Also, there is lack of consensus and the scientific method is not followed in Economics.
What are the two factors used to calculate productivity?
A. Goods produced and number of customers
B. Resources invested and goods lost
C. Goods produced and employees hired
D. Goods produced and resources invested
Goods produced and resources invested re the two factors used to calculate productivity.
How productivity is measured?Productivity is measured from different factors in the organization like the profit generate from the sales, number of customer increases, the amount of money invested in the company, the goods that are consumed of sell within span of time and others.
Thus, option D is correct.
For more details about productivity is measured, click here:
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#SPJ2
Answer:
Goods produced and resources invested
Explanation:
which of the following is an internet job search "do"
a. post your resume without considering privacy
b. pay attention to all directions before responding to job postings
c. assume that email is informal, private , or temporary.
d. take a passive role during your online job search.
Answer:
B
Explanation: