Example : Yazici Advertising purchased supplies costing 2,500 on October 5. An inventory count at the close of business on October 31 reveals that 1,000 of supplies are still on hand. On October 4, Yazici Advertising paid 600 for a one-year fire insurance policy. Coverage began on October 1.

Answers

Answer 1

Question Completion:

Journalize the adjusting entries:

Answer:

Yazici Advertising

Adjusting Journal Entries:

Date            Account Titles            Debit      Credit

October 31:

1. Supplies Expense                     $1,500

Supplies                                                        $1,500

To record the supplies expense for the year ended October 31.

2. Insurance Expense                     $50

Prepaid Insurance                                           $50

To record the insurance expense for the month of October.

Explanation:

a) Data and Analysis:

October 31:

1. Supplies Expense $1,500 Supplies $1,500 ($2,500 - $1,000)

2. Insurance Expense $50 Prepaid Insurance $50 ($600 * 1/12)

3. From the scenario, the year-end is October 31.


Related Questions

How will $9.82 in change be given from a $20.00 bill?

$10 bill__
$5 bill__
$1 bill__
Quarter__
Dime__
Nickel__
Penny__

answer choices for the blanks are 0, 1, 2, 3, 4

Answers

I believe the answer is;
1 $10 bill
1 Dime
1 Nickel
3 Pennies

Answer:

1 $10 bill

1 Dime

1 Nickel

3 Pennies.

Explanation:

Online shopping can be categorized into which of the following types of retailers?
O Brick-and-mortar
O Non-store retailers
O Specialty retailers
O Convenience retailer

Answers

Answer:

O Non-store retailers

Explanation:

Online shopping is the type of shopping where there is no physical shop in which the goods are advertised but rather, the are advertised online using pictures. When a customer makes purchases, the seller would then pick up the purchased goods from his house and send to the buyer through a reliable local or international logistics company. It is non-store due to the fact that, no physical store or office is required before trading can occur.

A company faces two kinds of risk. An example of a firm-specific risk is the risk that a competitor might enter its market and take some of its customers. An example of a market risk is the risk that the economy might enter a recession, reducing sales. True or False: The company's shareholders would more likely demand a higher return due to the stock's firm-specific risk because it affects only that particular stock.

Answers

Answer:

true

FALSE

Explanation:

Systemic risk are risk that are inherent in the economy. They cannot be diversified away. They are also known as market risk. examples of this risk include recession, inflation, and high interest rates. Investors should seek compensation for systemic risk. Systemic risk is measured by beta. The higher beta is, the higher the systemic risk and the higher the compensation demanded for by investors

Non systemic risk are risks that can be diversified away. they are also called company specific risk. Examples of this type of risk is a manager engaging in fraudulent activities.

I WILL GIVE BRAINLIES, FIVE STARS AND MY THANFUL THANKS!!!~
Using complete sentences post a detailed response to the following.

Lionel works for an energy company interested in drilling for oil off the coast of a small island. The representative for the local fishing industry, Rochelle, says that locals are vigorously opposed to Lionel’s idea. A town meeting is held. Lionel explains how his company is dedicated to practicing the safest drilling techniques. He explains that oil piped from the ocean’s floor is purer and that it can be harvested in a more efficient way than an oil rig on land. Lionel also emphasizes how much the trucks carrying fish to the markets all over the country would save if local oil was able to be used. Rochelle fires back that in the past, serious accidents with offshore oil drilling have been reported. She points out that if there were a spill, the resulting death of fish would cost the local fisherman their livelihood. Local opinion on the issue is split. Before the town agrees to side with Lionel’s energy company or Rochelle’s local fish industry, officials order a report from a biotechnologist. Everyone agrees to go with what the biotechnologist recommends. Which side do you think the biotechnologist will agree with? Why?

Answers

Answer:

they need more detail because how is his livelihood

Explanation:

In the month of June, a department had 20,000 units in beginning work in process that were 70% complete. During June, 90,000 units were transferred into production from another department. At the end of June there were 10,000 units in ending work in process that were 40% complete. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. The equivalent units of production for conversion costs for June were

Answers

Answer:

Equivalent units of production for conversion costs for June were :

104,000 units  - Weighted Average Cost method

90,000 units   - FIFO method

Explanation:

If Weighted Average Cost method is used for this question.

Conversion Costs

Units Completed and Transferred (100,000 x 100%)      100,000

Units In Ending Work In Process (10,000 x 40%)                4,000

Total Equivalent units of production                                104,000

If FIFO method is used for this question.

Conversion Costs

To finish Opening Work In Process (20,000 x 30%)          6,000

Started and Completed  (80,000 x 100%)                        80,000

Units In Ending Work In Process (10,000 x 40%)               4,000

Total Equivalent units of production                                 90,000

 

To get more speed, your driven gear needs to be ________________ the drive gear.


a
larger than
b
smaller than
c
the same size as

Answers

The correct answer is A.
Is larger than the driver it’s a

A nation that has a comparative advantage in producing a good or service compared to
another nation can produce that good or service with a lower
O Efficiency
O Profit
O Resource cost
O Opportunity cost

Answers

Answer:

Opportunity cost

Explanation:

A country is said to have a comparative advantage in producing a good, if it has a lower opportunity cost of producing that good in comparison to the other country. For instance if the opportunity cost of producing Wheat in U.S is 2. While that in China is 1. It shows that China has a comparative advantage in producing wheat as compared to the U.S.

So a nation that has a comparative advantage in producing a good or service compared to the other nation can produce that good or service with a lower opportunity cost.

Efficiency, Profit and Resource cost are not directly related to comparative advantage. Although efficiency can contribute towards lower opportunity cost but it is not a scale used for international trade.

Thus, lower opportunity cost is the best alternative.

what is meant by net operating surplus​

Answers

Answer: See explanation

Explanation:

Net operating surplus is the balance that shows how income is allocated between production factors and the government sector. It measures the yield from the factors of production like the land, the capital and labour in the income account.

It is also referred to as the difference between the gross operating surplus and the capital consumption which is fixed.

Granville Transportation, a designer and manufacturer of self-driving buses and streetcars, is working on developing the next generation of electric vehicles. Granville has chosen to focus on a narrow buyer segment of medium-sized cities with populations between 100,000 and 1,000,000, and is outcompeting rivals by manufacturing its vehicles at a lower cost via artificial intelligence-guided robots. Which of the five basic strategic approaches has Granville Transportation decided upon

Answers

Answer:

best-cost provider

Explanation:

The five basic strategic approaches has Granville Transportation decided upon are;

✓Broad low-cost strategy.

✓Best-cost strategy.

✓Broad differentiation strategy.

✓Focused differentiation strategy.

✓Focused low-cost strategy.

Best-cost provider strategy can as well be regarded as 'best-cost strategy', this strategy focused on how to get quality of products increased and reducing costs at the same time, it aims in providing customers with more value.

Oriole Company had 302000 shares of common stock issued and outstanding at December 31, 2020. During 2021, no additional common stock was issued. On January 1, 2021, Oriole issued 404000 shares of nonconvertible preferred stock. During 2021, Oriole declared and paid $171000 cash dividends on the common stock and $155000 on the nonconvertible preferred stock. Net income for the year ended December 31, 2021, was $964000. What should be Oriole's 2021 earnings per common share, rounded to the nearest penny

Answers

Answer: $2.68

Explanation:

Oriole's 2021 earnings per common share would be calculated by using the formula:

​​​​= (Net income - preference dividend) / outstanding common stock

= ($964000 - $155000) / 302000

= $809000 / 302000

= $2.68 per common share

please help meeeeeeeeeee​

Answers

One benefit of building a good brand image: Customer recognition. Having a strong brand works to build customer recognition. This means when a customer is shopping for a particular product or considering a company to perform a service, they recognize your company in the running. Consumers are far more likely to choose a brand that they recognize over something unfamiliar, even if they don’t know a great deal about your company at the time.

look at the picture ​

Answers

Okay, Lets get started.

For number one lets make a company named "Bluberry"

One way we use technology is for creating our websites, Employing people, and to talk to our workers.

2. BlueberryBoss and BerryPIcker

The rest I have no Idea how to help with.

Which of the following statements concerning service guarantees is FALSE? A service guarantee is a mechanism to build customer loyalty. A service guarantee is a way to avoid compensating customers for a service failure. A service guarantee is a tool to clarify exactly what the service must provide. A service guarantee is a way to define a service and ensure satisfactory delivery to the customer.

Answers

Answer:

A service guarantee is a way to avoid compensating customers for a service failure.

Explanation:

Ed lives in Merchantville , a state that has a so-called merchant protection statute (or shopkeeper's privilege). One day Ed goes to the grocery store to shoplift some steaks for dinner. The owner of the grocery store catches Ed red-handed in the act of shoplifting. He and an employee gently restrain Ed in the back room, feeding him gourmet food and wine until the local sheriff finally shows up three days later. If Ed sues the grocer for the tort of false imprisonment, he will win if he can prove that

Answers

Answer:

the gourmet food that he was fed was poorly prepared

Explanation:

Shopkeeper's priviledge is the law that allows United States shop owners detain people that shoplifted from their shop.

They must have proof that the person did the crime and also are only able to hold him for a reasonable time.

In the given scenario the shop owner catches Ed red-handed in the act of shoplifting. He and an employee gently restrain Ed in the back room, feeding him gourmet food and wine until the local sheriff finally shows up three days later.

Ed can win a tort of false imprisonment if the gourmet food that he was fed was poorly prepared.

There must be proper care given while the suspect is being detained. Being fed poorly prepared food means he was detained under conditions that could be detrimental to his health

1. Which of the following is a dynamic industry covering a wide range of
job roles?
A. Bread and Pastry C. Handicrafts
B. Food and Beverage Service D. Public Director
________ 2. Which is not one of the main goals of Food and Beverage Services?
A. Impart value for money.
B. Promotes the heritage of a country with the use of
indigenous materials and it preserves traditional knowledge and
talents.
C. Provide friendly and welcoming atmosphere.
D. Provide professional, hygienic, and attentive service.
________ 3. Which job titles is similar to Wine maker?
A. Cookbook Author C. Line Chef
B. Food Entrepreneur D. Vineyard Manager
________ 4. Which of the following is NOT the primary duties of Chef?
A. Formulating original recipes
B. Overseeing kitchen management
C. Preparing meals
D. Satisfying patron requests in a timely manner

________ 5. Which career role includes overseeing the entire facility from the
accommodation to food services and be involved in many operations?
A. Baker C. Food and Beverage owner/manager
B. Chef D. Pastry artist
________ 6. Which job title is not similar to Service crew?
A. Bartender C. Front Desk Clerk
B. Culinary Historian D. Housekeeper
________ 7. Which career functions include creating new food and beverage
products, improving food processing methods and performing research for food
manufacturing companies?
A. Clinical Dietician C. Research Chef
B. Food Photographer D. Waiter
________ 8. Which is true about Food and Beverage Services?
A. Contributes a great deal to the profits in hospitality industry
B. Produce things with hands to meet the needs of the people in their
locality without using machines.
C. Refers to the grain-based food industry
D. Transformation of agricultural products into food, or of one form
of food into other forms.

________ 9. Which job title is similar to Food Photographer, Public Relations
Director and Social Media Specialist?
A. Culinary art instructor C. Restaurant Publicist
B. Nutritionist D. Wine Maker
________ 10. Which of the following job titles is included in unique careers?
A. Chef C. Food and Beverage Manager
B. Culinary Arts Instructor D. Service Crew

Answers

2=C because we don't produce beverages and food to welcome friends

Oracle, a firm that sells commercial ERP and database products, provides Linux for free, selling high-margin Linux support contracts for as much as five hundred thousand dollars. Oracle's motivation for this lies in: Group of answer choices accelerating the shift of open source software towards a proprietary regime. impoverishing other open source developers and furthering its own proprietary offerings. protecting itself from the risks of distributing code while unaware of legal implications. using open source software to fuel sales of hardware. using open source software to wean customers away from competitors.

Answers

Answer: using open source software to wean customers away from competitors.

Explanation:

From the question, we are provided the information that Oracle, a firm that sells commercial ERP and database products, provides Linux for free.

Based on other information given in the question, we can infer that Oracle's motivation for this lies in using open source software to wean customers away from competitors.

Since Linux is being provided free by Oracle, this is a way of moving customers towards the company and away from other competitors.

the directors want to give R500 000 to a local school.Give Two reasons why companies take such decision.​

Answers

Answer:

To make investments that will grow over time and provide education for less fortunate children

To have a good public image so they can get more customers.

plz,what is memorandum​

Answers

Answer:

A written message in business or diplomacy.

Explanation:

I hope that this helps!! :)))

an informal written record of an agreement that has not yet become official.

A memorandum (abbrev.: memo; from Latin memorandum est, "It must be remembered") is a written message that may be used in a business office. ... In business, a memo is typically used by firms for internal communication, while letters are typically for external communication.

Gina wants to attend a college with a current tuition of $10,000 a year. She will graduate from high school in two years. Roughly how much will Gina need to save for one-year’s tuition to account for an annual rate of inflation of 2%?

$204.00
$14,00.00
$10,404.00
$20,000.00

Answers

Answer: $14,000(B)

Explanation:

Each year the tuition costs 2% more. She doesn’t start college for another two years so that makes the rate 4% more the 10,000 which is 14,000

Answer:

C

Explanation:

C : $10,404.00 is correct. I got it right on the test. B is wrong.

A manager who is reactive and works hard to address problems after they occur is known as a . (a) problem seeker (b) problem avoider (c) problem solver (d) problem manager

Answers

Answer:

(c) problem solver

Explanation:

A manager can be defined as an individual who is saddled with the responsibility of providing guidance, support, supervision, administrative control, as well as acting as a role model or example to the employees working in an organization by being morally upright.

Generally, managers are typically involved in taking up leadership roles and as such are expected to be build a strong relationship between their employees or subordinates by creating a fair ground for effective communication and sharing of resources and information. Also, they are required to engage their staff members (entire workforce) in the most efficient and effective manner.

Hence, a manager who is reactive and works hard to address problems after they occur is known as a problem solver.

This ultimately implies that, a problem solver proffer solutions to a problem after it has occurred already. Problem solver are reactive rather than being proactive by preventing or mitigating the possibility of a problem arising.

THESE ANSWQERS I AM ASKING RE ALL CORRECT., THESE ARE FOR YOU

The steps in an indirect message include which of these? *
4/4
The buffer

The apology
The Rationale

A good will attempt

The bad news


In an indirect message, the actual bad news should be given in which paragraph? *
1/1
First
Second

Third
Fourth

Make sure your entire message is as negative as possible so you don't give the person receiving the message mixed signals. *
1/1
True
False


When providing reasons for the bad news, which of the following are things you need to consider? *
2/2
What date will you deliver the bad news?
Who is the message intended for?

How severe is the message?

Will giving the bad news cause problems for you?

When giving an explanation for the bad news, which of these are things should you NOT do? *
1/1
Explain company policy
Be as vague as possible

Give the complete explanation before the bad news, don't split it.
Be clear and logical

Severe or life-changing bad news should be given face-to-face. *
1/1
True

False

Which of the following is the best wording to use in a bad news message? *
1/1
We regret that the beds have failed and will be discontinued and recalled but we will not be taking the beds back or replacing the beds.
The beds have been discontinued and recalled but there will be no returns accepted or replacements offered.

Unfortunately, the beds will be discontinued and recalled with no refunds, returns or replacements offered.
The beds have been discontinued and recalled and we are unable to offer refunds, returns or replacements.

Offering a coupon or some other alternative might help cushion bad news for customers and keep good will for the company. *
1/1
True

False

Repeat the bad news in your closing to be sure the message was received. *
1/1
True
False


In giving the bad news, make sure you mention all the impacts to the company. *
1/1
True
False


If there are benefits to the reader/receiver of the bad news message, mestion them but do NOT make any up. *
1/1
True

False

Answers

Answer:

number 1  

The buffer The Rationale, A good will attempt, and the bad news.

Number 2= Second

Number 3= False

Number 4= Who is the message intended for and How severe is the message

Number 5= Be as vague as possible

Number 6= True

Number 7= The Beds have been discounted and recalled but there will be no returns accepted or replacements OFFERED

Number 8= True

Number 9= False

Number 10= False

Number 11=True

Explanation:

(a) What kinds of financial assets are traded in capital markets? (b) How are these different from the financial assets traded in money markets?

Answers

Answer: See explanation

Explanation:

Capital market is a market where securities are being sold such as stocks, bonds etc. The financial assets traded in capital markets are usually bonds, and stocks.

On the other hand, money market refers to the market where short term debt investments are traded. The financial assets traded include promissory notes, treasury bills, commercial papers, certificates of deposit, etc.

Considering the financial analysis, the kinds of financial assets traded in capital markets include bonds and stocks.

The stocks are known to be a form of shares in the ownership of a business or company.

On the other hand, bonds are the debt that the issuing entity pledges to repay at an agreed date.

The capital market is different from the financial assets traded in money markets because the Capital market is riskier and of long term assets. In contrast, money markets are less riskier, and they are short-term assets.

Financial assets that are traded in the money market include the following:

Treasury bills, Certificates of deposit,Commercial paper, Federal funds, Bills of exchange, etc.

Hence, in this case, it is concluded that the capital market is different from financial assets in many ways.

Learn more about the capital market here: https://brainly.com/question/21863998

John Deere is a manufacturer of agriculture equipment. Deere supplies replacement parts to dealerships across the globe. John Deere has begun utilizing technology so it can identify the geographic location of the parts. This information is available to dealerships and is especially useful in reducing equipment downtime. Agriculture equipment owners can have their machines repaired with replacement parts in a shorter amount of time than before the use of the tracking technology. This is an example of a phenomenon referred to as the _______.

Answers

Answer: Internet of Things

Explanation:

The above scenario explained in the question shows that John is utilizing the Internet of Things.

Internet of Things (IoT) simply refers to the internet-connected objects which can be used to gather data over a wireless network and also transfer them.

The Internet of things is vital in this case as it helps to to have devices that self report in real-time, and improving efficiency.

Manual Company sells goods to Nolan Company during 2017. It offers Nolan the following rebates based on total sales to Nolan. If total yearly sales to Nolan are 10,000 units, it will grant a rebate of 2.00%. If it sells up to 20,000 units, it will grant a rebate of 4.00%. If it sells up to 30,000 units, it will grant a rebate of 6.00% In the first quarter of the year, Manual sells 11,000 units to Nolan at a sales price of $110,000.00. Manual, based on past experience, has sold over 40,000 units to Nolan per year. Based upon the above information, what amount should Manual record as revenue based upon both the net and gross method? (check figure: gross method sales revenue $107,800.00)

Answers

Answer: See explanation

Explanation:

Based on the information given in the question, we should note that while using the gross method, the revenue gotten from sales will be calculated by subtracting the rebate of 2% from the full invoice amount of $110,000. This will be:

= $110,000 - (2% × $110,000)

= $110,000 - (0.02 × $110,000)

= $110,000 - $2200

= $107800

Using the net method, the revenue gotten from sales will be calculated by subtracting the rebate of 6% from the full invoice amount of $110,000. This will be:

= $110,000 - (6% × $110,000)

= $110,000 - (0.06 × $110,000)

= $110,000 - $6600

= $103400

Which statement best describes the circular flow of an economy?

the flow between businesses and resources

the exchange of money, goods, and services in an economy

a circular flow happens only in a resource market

a circular flow happens only in a goods and services market

Answers

Answer:

C

Explanation:

The statement "the exchange of money, goods & services in an economy" should represent the best description of the economy's circular flow.

According to the economic perspective, circular flow refers to the money flow and the resources i.e. goods and services lies between the people in which there is an exchange of resources that could be done in return for the money.

It involved two types of market i.e. factors and goods and in these two markets,  the resources should be provided in order to receive the monetary value.

The following statements represent the circular flow of an economy:

It does not have a flow between the business and resources.It does not have the flow only in the resource market.It does not have the flow only in the goods and services market.

Therefore we can conclude that the statement "the exchange of money, goods & services in an economy" should represent the best description of the economy's circular flow.

Learn more about the circular flow of the economy here: brainly.com/question/11324259

functions of the economic commission for Africa.​

Answers

Answer:

The main functions of the ECA include the study of problems of the economic and social development of the African countries, the promotion of the economic development of the African states, and the strengthening of their economic relations both with one another and with other countries.

The ECA's key responsibilities include researching problems of African countries' economic and social growth, fostering African states' economic development, and improving their economic relations with one another and with other countries.

For more information about this topic, you can always check out: https://encyclopedia2.thefreedictionary.com/Economic+Commission+for+Africa#:~:text=The%20main%20functions%20of%20the,another%20and%20with%20other%20countries.

Hope this helps; have a great day!

what motivates a person to start an informal business​

Answers

You have to have confidence in order to start a business

The law of demand illustrates
A
a direct relationship between price and quantity demanded.
B
an inverse relationship between price and quantity demanded.
ООО
C
a direct relationship between price and demand.
D
an inverse relationship between price and demand.

Answers

Answer: A

Explanation:

name both anime characters
WRONG ANSWERS ONLY!!!!!!!!!!

Answers

Answer:

it vegata loll..............

Answer: it’s definitely bakugo

Explanation:

In a model with two large open economies, the world real interest rate is such that A. desired international lending by one country equals desired international borrowing by the other country. B. desired international borrowing will be the same in both countries. C. desired international lending will be the same in both countries. D. desired international lending and borrowing will be zero in both countries.

Answers

Answer:

A. desired international lending by one country equals desired international borrowing by the other country.

Explanation:

Rate of return can be defined as the percentage of interest or dividends earned on money that is invested.

In Financial accounting, a return refers to the amount of profit generated by an investor on an investment over a specific period of time.

Basically, the rate of return which is typically expressed as a percentage of the initial costs of an investment can either be a gain or a loss on an investment. Therefore, a positive rate of return on an investment over a specific period of time, simply means that an investor is making a profit (gains) while a negative rate of return on an investment over a specific period of time, indicates that the investor is running at a loss.

In a model with two large open economies, the world real interest rate is such that desired international lending by one country equals desired international borrowing by the other country.

Thus, the willingness of one country to lend is met by an equal willingness of another country to borrow.

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