Answer:
Net Sales
= Sales - Sales returns - Sales discounts
= 500,000 - 30,000 - 10,000
= Php 460,000
Net Purchases
= Purchases - Purchase returns - Purchase discounts
= 100,000 - 20,000 - 10,000
= Php 70,000
The net sales and net purchases of Happy Selling are Php 460,000 Php 70,000 respectively.
What are net sales and net purchases?Net sales refer to the sales value that is obtained after adjusting the return and discounts. Therefore the net sales will be:
[tex]\rm Net \:sales = Total \:sales - Sales\:returns-\:Sales \:discounts\\\\\rm Net \:sales = Php\: 500,000 - Php\: 30,000 - Php\: 10,000\\\\\rm Net \:sales = Php\:460,000[/tex]
Therefore the net sales are Php 460,000.
Similarly, net purchases refer to the purchase value that is obtained after adjusting the return and discounts. Therefore the net purchases will be:
[tex]\rm Net \:purchases = Total \:sales - Purchase \:returns-\:Purchase \:discounts\\\\\rm Net \:purchases = Php\:100,000 - Php\: 20,000 - Php\: 10,000\\\\\rm Net \:purchases = Php\:70,000[/tex]
Therefore the net purchases are Php 70,000.
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Now that each account has been classified, assign account numbers to each account. You must assign account numbers so that accounts receivable, accounts payable, and expense accounts are in alphabetical order (by last name, in the case of accounts receivable). Use 3-digit account numbers and number the accounts within a division by 10s.
Answer:
I dont know the answer im just saying this so I can come back to it when there is an answer
Explanation:
What effects does scarcity of economic resources have on choices?
Explain one benefit to a business of using crowd funding as a source of finance
Answer:
Explanation:
Crowdfunding can be regarded as a way in which businesses can raise funds through the contribution of large number of people to the project.
SPEED AND ACCESSIBILITY
Crowdfunding helps the entrepreneur/ Businesses to get the necessary capital without passing through arduous process involving in loan collection, and this is good for small and medium companies that doesn't have enough creditworthiness in taking loan. As far as crowdfunding is concerned, no special qualifications involved in starting a crowdfunding campaign, within some hours ones page can be outlined and make visible to crowdfunding platform’s audience. There is no hunt down of specific venture capitalists.
Which statements describe a Treble Clef correctly? Pick Two
Treble Clef is your right hand.
Treble Clef is your left hand.
Treble Clef sounds higher.
Treble Clef sounds lower.
Answer: c and a
Explanation:
hey can y'all help me out some my birthday is April 7th and I get to oder things off Amazon and I'm a person who likes to do nails so do y'all know a case on Amazon where I can put all my nails stuff
Yes, there are many nail cases available on Amazon where you can store all your nail supplies like Frenessa Acrylic Nail Polish Organizer and Hiker Large Capacity Cosmetic Case.
What is amazon?Amazon is a multinational technology company based in Seattle, Washington, United States. It was founded in 1994 by Jeff Bezos as an online marketplace for books and later expanded to sell a wide variety of products, including electronics, clothing, toys, and household items.
Amazon is now one of the largest online retailers in the world, with operations in over 100 countries and an extensive network of warehouses, delivery centers, and data centers.
These are just a few options to consider, but there are many other nail cases available on Amazon to fit your specific needs and preferences.
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On January 1, Andrea reviews her investment portfolio and finds out that she has had a very profitable year. To offset some of her gains, Andrea sells 100 shares of Big Bear Corporation for $10,000. She purchased those shares for $15,000 two years earlier. On January 25 of the same year, Andrea reads a newspaper article indicating that the price of Big Bear Corporation is expected to increase substantially. Second-guessing the wisdom of selling her previous shares of Big Bear stock, she purchases 100 shares of Big Bear Corporation for $8,000. What are the tax consequences to Andrea this year
Answer:
$5,000 realized, but not recognized loss
Explanation:
Based on the above information given we were told that two years earlier She purchased some shares for the amount of $15,000 in which in order for her to offset few of her gains she sells those 100 shares of Bear Corporation for the amount of $10,000 making her to REALIZED the amount of $5,000 ($15,000-$10,000) reason been that a loss will be realized instantly in a situation were an assets is sold out for a loss.
Therefore the tax consequences to Andrea this year will be the amount of $5,000 Realized, but not recognized loss.
Sometimes you find yourself getting off-task because your boss keeps piling on the work, and you aren't sure what to prioritize. Which would be a work ethic "best practice"?
Ask your boss which assignments take priority, and pass those assignments to your coworkers who you think have more time.
Ask your boss if any assignments take priority, and make a task list to help you remember.
Tell your boss that they need to cut back on your work load. , Not Selected
Just keep doing your work in the order it was assigned.
Answer: B
Explanation:
Compensatory damages received on account of physical personal injury or physical sickness can be excluded from gross income. b. A payment for damaged or destroyed property is treated as an amount received in a sale or exchange of the property. c. Compensatory damages awarded on account of emotional distress cannot be excluded. d. Punitive damages are excluded from gross income. e. Compensatory damages received for age discrimination or injury to one's reputation cannot be excluded.
Answer:
a. True.
b. True.
c. True.
d. False.
e. True.
Explanation:
Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.
The different types of tax include the following;
1. Income tax: a tax on the money made by workers in the state. This type of tax is paid by employees with respect to the amount of money they receive as their wages or salary.
2. Property tax: a tax based on the value of a person's home or business. It is mainly taxed on physical assets or properties such as land, building, cars, business, etc.
3. Sales tax: a tax that is a percent of the price of goods sold in retail stores. It is being paid by the consumers (buyers) of finished goods and services and then, transfered to the appropriate authorities by the seller.
The following are considered when filing for tax;
a. True: compensatory damages received on account of physical personal injury or physical sickness can be excluded from gross income.
b. True: a payment for damaged or destroyed property is treated as an amount received in a sale or exchange of the property.
c. True: compensatory damages awarded on account of emotional distress cannot be excluded.
d. False: punitive damages are excluded from gross income. All punitive damages incurred by a business or an individual are to be included as part of gross income.
e. True: compensatory damages received for age discrimination or injury to one's reputation cannot be excluded.
What is a target market?
Question 9 options:
company’s share of the total market
A business-to-business market
A group of people who have enough money to buy a product
A group with specific characteristic who are most likely to become customers
Answer:
If am not mistaken it should be D- A group with specific characteristic who are most likely to become customers
Explain the word taxation.
Emmanuel would like to start a business with a popular fast food company. He agrees to pay a fee and royalties. This is an example of which type of business?
A. Franchise
B. S corporation
C. Nonprofit corporation
D. C corporation
Answer:
yeah A
Explanation:
how do ordinary people get involved in a democratic country
Answer:
Citizens vote for their government officials and these officials represent the concerns and ideas of the citizens in government. For example, your Governor is elected by the voters in your state. ... Voting in an election and contacting our elected officials are two ways that Americans can participate in our democracy.
Answer:
same as his/her answer
Explanation:
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Why did the Great Depression of 1928 affect people from almost all parts of the world?
A.
The world economy by this time was quite dependent on global trade.
B.
People who lost their jobs in the United States moved to Asia for jobs.
C.
Sharp rise in price of goods in the United States led to an increase in imports.
D.
Trade routes between the United States and Asia were temporarily closed down.
E.
The United States stopped exporting goods to Europe.correct answer is SHAPES
i just took the quiz
Answer:
C. Sharp rise in price of goods in the United States led to an increase in imports.
Explanation:
The Great Depression was a period of severe economic meltdown or downturn (crisis) of the industrialized world and it started from the United States of America, typically lasting for about ten years (1929-139).
Basically, the Great Depression started in America on the 4th of September, 1929 as a result of a major fall in the prices of stocks and consequently, leading to a stock market crash on the 29th of October, 1929.
Hence, the negative effects of the Great Depression includes a decline in investments, tax revenues, market price, personal income level, consumer spending, profits and a general rise in unemployment rate.
In conclusion, the Great Depression of 1928 affect people from almost all parts of the world because sharp rise in price of goods in the United States led to an increase in imports.
Answer:
C. Sharp rise in price of goods in the United States led to an increase in imports.
Explanation:
Hope this help
Your roommate told you she doesn’t need renter’s insurance because her parent’s homeowner’s policy covers her stuff. Is she correct? Explain your answer.
Answer: no she is not correct because if she has her own house or apartment then no she is not on homeowner's insurance. now she has to get her own.
Explanation:
hope this helps.
The roommate should not be correct.
What is insurance?Insurance represents the arrangement where the company or the government agency gives the guarantee with respect to the compensation for the particular loss, damage and in return, the payment should be made with respect to the premium. Also, she is not correct since she has her own house so it is not the homeowner insurance.
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60 points please help
Review Questions
1. What is logistics?
2. What is hospitality? What is one career in hospitality?
3. What are three locations or sites that people in hospitality or tourism careers work?
4. If you were an innkeeper, what would do for work?
5. What is mobile equipment maintenance?
Critical Thinking Questions
1. Imagine you want to become a chef and restaurant owner. What education and skills would you need?
2. Think about a city bus system. What goes into getting buses where they need to be on time to get people where they need to be?
3. Imagine that you run an amusement park. You have to hire people to work in your park. What skills or characteristics would you look for? Why?
4. Why are transportation jobs important?
5. If you were putting together a bus route in your town, what would you need to think about to make it run well?
Answer:
Logistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics is the management of the flow of things between the point of origin and the point of consumption to meet the requirements of customers or corporations.
2. Carla has 15 items on her "to do " list when she arrives at work today. By noon she has completed 3/5 of the items. How many has she completed?
A. 3
B. 5
C. 9
D. 12
What is Seth Godin’s overall message to companies?
Answer:
Don't put all your money into marketing. Focus on those people who are passionate about your product and figure out what people want and focus on them.
(coursehero.com)
Which form of market segmentation is Coca Cola using when they look at the values, attitudes, and lifestyle of their target market?
Question 11 options:
Geographic
Behavioral
Demographic
Psychographic
Answer:
D- phychographic
Explanation:
In psychographic segmentation, Coca Cola buyers are divided into different groups
lol is this a test you are taking? :)
Answer:
D- phychographic
Explanation:
Hope you have a great day
Determine which of the following statements best describes the control principle as it relates to an accounting information system. Multiple choice question. The principle prescribes that management should verify all transactions before they are entered into the accounting system. The principle prescribes that an accounting information system have internal controls. The principle describes the U. S. GAAP rules of double entry accounting within an accounting system. The principle outlines the rules regarding when revenue should be recognized within an accounting system.
Answer:
The principle prescribes that an accounting information system have internal controls.
Explanation:
The statement which best describes the control principle as it relates to an accounting information system is that, the principle prescribes that an accounting information system have internal controls.
Answer:
The principle prescribes that an accounting information system have internal controls.
Explanation:
Because it is the "Correct Answer"
According to Goldratt: Two activities scheduled to be carried out sequentially and using the same scarce resource benefit from having the same project manager. Two activities scheduled to be carried out in parallel and using the same scarce resource are independent. Two activities scheduled to be carried out in parallel and using the same scarce resource are not independent. Two activities scheduled to be carried out sequentially and using the same scarce resource require different project managers.
Answer:
Two activities scheduled to be carried out in parallel and using the same scarce resource are independent.
Explanation:
An Israeli physicist named, Eliyahu M. Goldratt developed the Critical Chain Project Management (CCPM) and introduced it in his book "Critical Chain" in 1997.
The CCPM is a project management methodology used by managers to better manage a project. The CCPM ensures that the project plan is feasible and immune from any uncertainty or statistical fluctuations.
In the CCPM activity network, there are no milestones and all non-critical activities are performed as late as possible.
CCPM adopts the use of drum buffers, so as to ensure extra safety is applied to a project immediately before using constrained resource.
According to Goldratt, two activities scheduled to be carried out in parallel and using the same scarce resource are independent.
what is the purpose of creating a prototype?
Answer:
Prototypes provide a way to see how a possible product, idea, design, etc., would function in natural environments (not in the lab/workshop), but in the real world. They also can let designers, and those building it see if there are anything that needs to be changed or altered.
Due TODAY!
A tour wholesaler is an example of a travel trade intermediary.
False
True
It should be noted that A tour wholesaler is an example of a travel trade intermediary.
What is wholesaler?wholesaler serves as a merchant middleman that get the produci from the producer and sell to the retailers, other merchants.
Therefore, a wholesaler is an intermediary agent in the chains of distribution.
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Which of the following are automatically withheld from paychecks?
How does email marketing help companies nurture customers?
Answer:Email helps with a lot of things , emails can help companies keep track of things such as documentary , reciepts,checks and more.
Explanation:
MetLife was able to dramatically expand its global footprint by acquiring Alico, a global player in the insurance business, from AIG in 2010 when AIG was in financial distress. This shows that not all diversification moves erode performance.
a) true
b) false
Answer:
True
Explanation:
It is true that not all diversification erodes performance. That is it is not all diversification moves that reduces performance or destroys it. Sometimes diversification could lead to greater risks or greater costs of investment. By diversifying and acquiring Alico metlife was able to increase and expand globally
How do intermediaries benefit companies?
what important technology has done the most
Which of these is a critical interaction in the hotel industry?
A.
a breakfast order through room service
B.
a first glimpse of the hotel
C.
a swim at the hotel pool
D.
a visit to the hotel boutique
Why might some investors become careless about their portfolios ?
How can sports marketers cater to their female fan base without resorting to stereotypes and
overgeneralizations?