Sweet Catering completed the following selected transactions during May 2016:
May 1: Prepaid rent for three months, $2,700 May 5: Received and paid electricity bill, $170
May 9: Received cash for meals served to customers, $2,300
May 14: Paid cash for kitchen equipment, $2,700
May 23: Served a banquet on account, $2,000
May 31: Made the adjusting entry for rent (from May 1).
May 31: Accrued salary expense, $1,300
May 31: Recorded depreciation for May on kitchen equipment, $180
Required:
If Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have recorded for the month of May?
Answer:
ask the internet
Explanation:
to get your answer hope this was helpful to you
Zang Company had no office supplies on hand at the beginning of the year. During the year, the company purchased $250 worth of office supplies. At the end of the year, $50 worth of office supplies were on hand. How much should Zang Company report as office supplies expense for the year
Answer:
Hdhdi
Explanation:
Explain the role of a good business plan in setting up your business. Why is it an important step
in the success of your business?
Answer:
A business plan is a very important and strategic tool for entrepreneurs. A good business plan not only helps entrepreneurs focus on the specific steps necessary for them to make business ideas succeed, but it also helps them to achieve short-term and long-term objectives.
Explanation:
It is important to help articulate a strategy for your business. It also provides insight on steps to be taken, resources required for achieving your business goals and a timeline of anticipated results. And help your business prosper and grow.
Activity-based costing for varying batch production
A manufacturing company has the following two activities associated with completion of products:
The setting up of machines for running batches of products
The actual production of units produced
The company has annual manufacturing overhead costs of $2,000,000, of which $200,000 is directly involved in setting up machines for batch runs. During the year, the company expects to perform 400 machine setups, one setup per batch for a total of 400 batches of production. Assume that the batch sizes vary considerably, but the work involved in setting up the machines is not appreciably different from one job to the next.
If the company estimates that the $200,000 costs associated with setups will yield 400 setups this year, the cost associated directly with each setup will be $ per setup. Because each job will require its own setup, setup costs are viewed as batch costs. Because $200,000 of the $2,000,000 are costs associated with setups, this means that costs associated directly with the production of units equal $.
give the advantages of business partnership structures
Answer:
Your welcome! Hope you have a nice wonderful day :)
Explanation:
One of the advantages of having a business partner is sharing the labor. Having a partner may not only make you more productive, but it may afford you the ease and flexibility to pursue more business opportunities. It might even eliminate the downside of opportunity costs.
Explain the difference between a public and private company
Answer:
a private company is owned by the company's founders, management, or a group of private investors. A public company is a company that has sold all or a portion of itself to the public via an initial public offering.
Explanation:
Graphs can be used to estimate information not represented on the graph. Please select the best answer from the choices provided T F
Answer:
True :)
Explanation:
The answer is true :)
Please mark brainliest if you get it right! :)
Answer:
True shahzadanwar25
is correct.
(give that person brainliest lol)
Please answer need help asap
Answer:
Machinery
Explanation:
Để hành nghề, thẩm định viên bắt buộc phải có những năng lực tối thiểu về
Explanation:
here is the answer enjoy and please mark me as brainliest and follow me
Marketing programs that track purchases history, personal information and preferences and provide incentives to loyal, repeat customers are called?
A. loyalty program
B. tracking systems
C. customer app
D. marketing tricks
Marketing programs that track purchase history and provides incentive to their loyal customers are known as loyalty programs.
The correct answer to this question is option A. Loyalty programs as the name implies are offered to those customers that are found to be loyal to a business.
These types of programs offer special discounts, rewards, as a way to retain these customers and also attract new ones.
Such programs are established to encourage repeat business.
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On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances:
Accounts Debit Credit
Cash $ 26,400
Accounts Receivable 48,800
Allowance for Uncollectible Accounts $ 5,500
Inventory 21,300
Land 59,000
Equipment 21,500
Accumulated Depreciation 2,800
Accounts Payable 29,800
Notes Payable (6%, due April 1, 2019) 63,000
Common Stock 48,000
Retained Earnings 27,900
Totals $ 177,000 $ 177,000
During January 2021, the following transactions occur:
January 2 Sold gift cards totaling $8,200. The cards are redeemable for merchandise within one year of the purchase date.
January 6 Purchase additional inventory on account, $148,000.
January 15 Firework sales for the first half of the month total $136,000. All of these sales are on account. The cost of the units sold is $74,300.
January 23 Receive $125,500 from customers on accounts receivable.
January 25 Pay $91,000 to inventory suppliers on accounts payable.
January 28 Write off accounts receivable as uncollectible, $4,900.
January 30 Firework sales for the second half of the month total $144,000. Sales include $10,000 for cash and $134,000 on account. The cost of the units sold is $80,000.
January 31 Pay cash for monthly salaries, $52,100.
Prepare an adjusted trial balance as of January 31, 2021.
The Adjusted Trial Balance of ACME Fireworks on January 31, 2021 is as follows and totals $517,300 on both sides.
Adjusted Trial Balance
January 31, 2021
Accounts Debit Credit
Cash $27,000
Accounts Receivable 188,400
Allowance for Uncollectible Accounts $ 600
Inventory 15,000
Land 59,000
Equipment 21,500
Redeemable Gift Cards 8,200
Accumulated Depreciation 2,800
Accounts Payable 86,800
Notes Payable (6%, due April 1, 2019) 63,000
Common Stock 48,000
Retained Earnings 27,900
Sales Revenue 280,000
Cost of Goods Sold 154,300
Salaries Expenses 52,100
Totals $ 517,300 $ 517,300
Data and Calculations:
ACME Fireworks General Ledger Account Balances
January 1, 2021
Accounts Debit Credit
Cash $ 26,400
Accounts Receivable 48,800
Allowance for Uncollectible Accounts $ 5,500
Inventory 21,300
Land 59,000
Equipment 21,500
Accumulated Depreciation 2,800
Accounts Payable 29,800
Notes Payable (6%, due April 1, 2019) 63,000
Common Stock 48,000
Retained Earnings 27,900
Totals $ 177,000 $ 177,000
Analysis of Transactions:
Jan. 2 Cash $8,200 Redeemable Gift Cards $8,200
Jan. 6 Inventory $148,000 Accounts Payable $148,000
Jan. 15 Accounts Receivable $136,000 Sales Revenue $136,000
Cost of Goods Sold $74,300 Inventory $74,300
Jan. 23 Cash $125,500 Accounts Receivable $125,500
Jan. 25 Accounts Payable $91,000 Cash $91,000
Jan. 28 Allowance for Uncollectible Accounts $4,900 Accounts Receivable $4,900
Jan. 30 Cash $10,000 Accounts Receivable $134,000 Sales Revenue $144,000
Cost of Goods Sold $80,000 Inventory $80,000
Jan. 31 Salaries Expense $52,100 Cash $52,100
Adjustments of the Trial Balance with Transactions:
Accounts Debit Credit
Cash $ 26,400 + 8,200 + 125,500 - 91,000 + 10,000 - 52,100
Accounts Receivable 48,800 + 136,000 - 125,500 - 4,900 + 134,000
Allowance for Uncollectible Accounts $ 5,500 - 4,900
Inventory 21,300 + 148,000 - 74,300 - 80,000
Land 59,000
Equipment 21,500
Redeemable Gift Cards 8,200
Accumulated Depreciation 2,800
Accounts Payable 29,800 + 148,000 - 91,000
Notes Payable (6%, due April 1, 2019) 63,000
Common Stock 48,000
Retained Earnings 27,900
Sales Revenue 136,000 + 144,000
Cost of Goods Sold 74,300 + 80,000
Salaries Expenses 52,100
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Which of the following is not a characteristic of a cafeteria?
A tray is used to collect chosen dishes.
Customers tell servers what they want.
Food is displayed along the serving line.
Amounts are usually "all you care to eat" with no limits.
Answer:
The last option
Explanation:
In cafeterias you don't get an unlimited amount of what you want. Sometimes you don't even get what you want.
What does Daniel Pink's research indicate about motivators used at work places? Financial motivators always work for employees irrespective of financial fairness levels. Carrot motivators work well for employees who need to be innovative at their jobs. Carrot motivators increase creativity at work places and improve efficiency. Stick motivators are especially helpful to tackle unethical and illegal behavior. Carrot motivators decrease innovation and turn creative work into drudgery.
Daniel Pink's research indicated that "Carrot motivators decrease innovation and turn creative work into drudgery."
This implies that when people know that their innovation might not work out and lead to penalties, they wouldn't want to function well or try any creativity at work.
Daniel Pink suggested in his research work that three components drive humans to improve their productivity in workplaces. These components are autonomy, mastery, and purpose.
Daniel Pink is famous for being an author and four times New York Bestseller.
Hence, in this case, it is concluded that the correct answer is option E. "Carrot motivators decrease innovation and turn creative work into drudgery."
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Another name for back rushing is?
Answer:
Ruffing
Hope this helps!!!
hina's growth rate of real GDP in 2005 and 2006 was 10.5 percent a year and its population growth rate was 0.5 percent a year. If these growth rates continue, in what year would real GDP per person be twice what is was in 2006? If these growth rates continue, real GDP per person would be twice what is was in 2006 at the end of _______.
Considering the situation described above, if these growth rates continue, the real GDP will be twice what it was in 2006 during the year "2013."
This is based on the Rule of 70. The rule of 70 states that the number of years needed for any variable to double is approximately 70, divided by the annual percentage growth rate of the variable.
Thus, given that the Real GDP is growing at 10.5 percent a year;
We have 70 ÷ 10.5 = 6.7;
Therefore, the Real GDP will double in 6.7 years, which is during the year 2013.
Hence, in this case, it is concluded that the correct answer is 2013.
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Nicole and Larry have decided to perform the landscaping of their new home by themselves. They also plan to take a do-it-yourself class at a local home store so they can replace the tile in the master bathroom without using a contractor. The effect of performing these tasks themselves will result in an increase in their:
The effect of performing these tasks themselves will result in an increase in their sweat equity.
Sweat equity is simply known as the interest gotten by the owner or increase in worth that is brought about by direct input of hard work by the owner(s).
It is the one method that is mostly adopted in building equity for low-cash entrepreneurs in their start-up ventures due to the fact that they lack the capability to aid much financial capital to their business.
Conclusively, This sweat equity helps individuals or companies to get funds without having more debts while for the workers, it is a case of high risk to get high reward.
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Why is it important to know that it will take 4-6 business days to process your payment request?
The process of Automated Clearing House make it take up to 4 to 6 business days to process payment request.
The payment request is a process initiated by the someone who want to send money and it is majorly based on website platform such as P.aypal, P.ayoneer etc.
Usually, when a payment request is initiated, a process called Automated Clearing House (ACH) is used by those plaform to help transfer money to respective account of receivers.
However, the Automated Clearing House process can take up to 3, 4, or 5 business days before the account will be credited even after the sender account have been debited.
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______________ is the amount an employee earns before payroll withholding is performed.
A.
Net pay
B.
Gross pay
C.
Taxable interest
D.
An estate
Please select the best answer from the choices provided
A
B
C
D
A company just starting business made the following four inventory purchases in June:June 1 150 units $ 390 June 10 200 units 585 June 15 200 units 630 June 28 150 units 510 $2,115 A physical count of merchandise inventory on June 30 reveals that there are 250 units on hand. The inventory method which results in the highest gross profit for June is Select one: a.the weighted average unit cost method. b.the FIFO method. c.the LIFO method. d.not determinable.
https://brainly.com/question/add?entry=1642&task_content=Michael+Anderson%2C+Social+Security+No.+999-00-3691%2C+works+for+a+weekly+paycheck.+He+is+single+and+claims+no+allowances.+Last+week+he+worked+five+days%2C+for+a+total+of+46+hours.+His+regular+rate+of+pay+is+%247.80+an+hour.+%0AIn+addition+to+required+deductions+and+social+security+and+Medicare+taxes%2C+he+also+has+insurance+withheld+of+%2416+a+week+and+puts+4+percent+of+his+gross+pay+into+a+retirement+account.+Use+the+state+and+federal+tax+withholding+tables+on+textbook+pages+38%E2%80%9339.+%0AIf+an+amount+box+does+not+require+an+entry%2C+leave+it+blank+or+enter+%220%22.+%0AEMPLOYEE+WITHHOLDING+SHEET+%0AEmployee+Name+%0AMichael+Anderson+%0ASocial+Security+Number+%0A999-00-3691+%0APay+Period%3A+%0Aweekly+%0ANumber+of+Allowances%3A+%0A0+%0Asingle+%0AGROSS+PAY+%0A1.+Regular+Wages%3A+%0A40+%0A+hours+at+%24+%0A7.80+%0A+%2Fhr.+%3D+%24+%0A312+%0Aor+%0A2.+Regular+Salary%3A+%3D+%0A3.+Overtime%3A+%0A6+%0A+hours+at+%24+%0A+%2Fhr.+%3D+%0AGROSS+PAY+%24+%0AREQUIRED+DEDUCTIONS+%0A4.+Federal+Income+Tax+(use+tax+tables)+%24+%0A5.+State+Income+Tax+(use+tax+tables)+%24+%0A6.+Social+Security+Tax+(use+6.2%25+%C3%97+gross+pay)+%24+%0A7.+Medicare+Tax+(use+1.45%25+%C3%97+gross+pay)+%24+%0AOTHER+DEDUCTIONS+%0A8.+Insurance+%24+%0A9.+Union+Dues+%24+%0A10.+Credit+Union+%24+%0A11.+Savings+%24+%0A12.+Retirement+%24+%0A13.+Charity+%24+%0A14.+Other%3A+%24+%0ATOTAL+DEDUCTIONS+(total+lines+4+through+14)+%24+%0ANET+PAY+(subtract+total+deductions+from+gross+pay)+%24
Answer:
lol so much linkExplanation:
You have been asked to evaluate two alternatives, X and Y, that may increase plant capacity for manufacturing high-pressure hydraulic hoses. The parameters associated with each alternative have been estimated. Which one should be selected on the basis of a present worth comparison at an interest rate of 14% per year
Question 3 of 10
form from their clients that
Independent contractors receive a
verifies their earnings for the year.
O A. W-2
B. 1099
O C. 1040
D. W-4
Answer:
B. 1099
Explanation:
Answer:B
Explanation: I just got it right
Variable expenses are defined as those that vary with changes in volume. Examples include
Answer:
Electricity
Explanation:
m is studying the delivery times of two raw material suppliers. The firm is basically satisfied with supplier A and is prepared to stay with that supplier if the mean delivery time is the same as or less than that of supplier B. However, if the firm finds that the mean delivery time of supplier B is less than that of supplier A, it will begin making raw material purchases from supplier B.
Answer:
So in other words your company or business is looking for the most consistent/reliable supplier who's supply rate is the better out of the two according to overall and long-term supply of said product
Which of the following is an advantage of conducting business in totalitarian nations
Answer:
INTERNAL COMPANIES
what is job specification?
Answer: A section in a job advertisement that details the type of person a company is looking for. Things in a job specification include: skills, qualities, qualifications, education and previous experience
Explanation:
Questions-
.............
Answer:
????
Explanation:
where the questions
How service managers could use the pigmalion effect in practice give example
Answer:
Employee burnout and work-related stress are linked to the Pygmalion effect of leaders' expectations and influence on workers. For example, higher expectations lead to higher performance, which in turn encourage even higher expectations
Small business commonly employ what type departmentalization
Answer:
line departmentalization
Explanation:
Hope this helps:)
~Kisame'sAbs
What happened to the U.S. dollar when President Nixon closed the gold
window?
A. It became part of a total commodity system
B. It came part of a partial fiat system
C. It became part of a total fiat system
D. It became part of a partial commodity system
Answer:
I think it's c but I'm not 100 percent
The Nixon Shock actually directed the future of the Bretton Woods Agreement and the convertibility of U.S. dollars into gold. Nixon uncoupled gold from its set $35 price and stopped the convertibility of dollars into gold by alien governments and central banks.
What occurred to the U.S. dollar when Nixon shut the gold window?
The Nixon Shock actually directed the future of the Bretton Woods Agreement and the convertibility of U.S. dollars into gold. The Nixon Shock stood as the catalyst for the stagflation of the 1970s as the U.S. dollar depreciated.
Nixon uncoupled gold from its set $35 price and stopped the convertibility of dollars into gold by alien governments and central banks. At this moment, the dollar evolved virtually free-floating, estimated only by analogizing it to other order currencies.
Therefore, the correct answer is option C. It became part of a total fiat system
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