what is the source document for payment on account​

Answers

Answer 1

Answer:

RECEIPT

Explanation:

Receipt is an evidence of making the payment on account of any business transaction. This source document is prepared for showing the proof of giving any cash to the party (who receives the cash) on account of any business transaction.


Related Questions

Relevant Cash Flows Kenny, Inc., is looking at setting up a new manufacturing plant in South Park. The company bought some land six years ago for $5.3 million in anticipation of using it as a warehouse and distribution site, but the company has since decided to rent facilities elsewhere. The land would net $7.7 million if it were sold today. The company now wants to build its new manufacturing plant on this land; the plant will cost $29.3 million to build, and the site requires $1.41 million worth of grading before it is suitable for construction. What is the proper cash flow amount to use as the initial investment in fixed assets

Answers

Answer: $38,410,000

Explanation:

When recording investments in fixed assets, it is best to use the market value at the time.

The market value of the land will therefore be the relevant cost here.

Initial investment in fixed assets = Market value of land + Cost to build plant + Cost of grading

= 7,700,000 + 29,300,000 + 1,410,000

= $38,410,000

Lauren could tell something was not right. She has always thought that sales representatives were always pleasant to the customers. The sales rep who sold a well-known line of tools to the hardware store where she worked was anything but pleasant to her manager. The rep was insisting that his tools should be more prominently displayed and a better assortment would mean more sales. The manager had other plans and told him so. To say the conversation was unpleasant would be an understatement. What Lauren was observing was an example of:

Answers

Answer: channel conflict

Explanation:

Based on the information given, Lauren was observing a channel conflict. A channel conflict occurs when there's a conflict or dispute between the channel partners such as the wholesalers, distributors or retailers.

In this case, the activity of one of them affects the sales or revenue of the other channel partner and the product as a whole.

Use the following information for the Exercises below. Skip to question [The following information applies to the questions displayed below.] Hudson Co. reports the contribution margin income statement for 2019. HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (11,200 units at $280 each) $ 3,136,000 Variable costs (11,200 units at $210 each) 2,352,000 Contribution margin 784,000 Fixed costs 567,000 Pretax income $ 217,000 Exercise 18-17 Target income and margin of safety (in dollars) LO C2 1. Assume Hudson Co. has a target pretax income of $156,000 for 2020. What amount of sales (in dollars) is needed to produce this target income? 2. If Hudson achieves its target pretax income for 2020, what is its margin of safety (in percent)? (Round your answer to 1 decimal place.)

Answers

Answer:

1. $2,892,000

2. 21.58%

Explanation:

1. Calculation to determine What amount of sales (in dollars) is needed to produce this target income

First step is to calculate the Contribution margin ratio

Contribution margin ratio =$784,000 /$ 3,136,000 Contribution margin ratio= 25%

Now let calculate the Required sales using this formula

Required sales = (Fixed cost+Target income)/Contribution margin ratio

Let plug in the formula

Required sales= ($567,000 +$156,000)/0.25 =

Required sales=$723,000/0.25

Required sales=$2,892,000

Therefore the amount of sales (in dollars) needed to produce this target income will be $2,892,000

2. Calculation to determine margin of safety (in percent)

First step is to calculate the Break even sales

Break even sales = ($567,000/0.25)

Break even sales= $2,268,000

Now let calculate Margin of safety (%

Margin of safety (%) =$2,892,000- $2,268,000)/$2,892,000

Margin of safety (%)=$624,000/$2,892,000

Margin of safety (%)=0.2158

Margin of safety (%)=21.58%

Therefore margin of safety (in percent) will be 21.58%

I NEED THIS FAST PLEASE
Due today!

Which of the following scenarios best reflects a list price?

A. Earrings that are buy one get one free

B. A bike that is half off because of a holiday promotion

C. Socks that have a suggested retail value of $39.99

D. A dress that is 25% off

Answers

Answer:

C. Socks that have a suggested retail value of $39.99

The following scenarios best reflect a list price of Socks that have a suggested retail value of $39.99. Thus the correct option is C.

What is the list price?

The specified price at which some is advertised for sale through a specific channel, such as a factory, a retail store, a catalog, or a retail, wholesale, or distributor website is The list price.

The difference between the listing price and the sale price of a property is known as the "listing price," also referred to as the "asking price."The highest price at which a thing may be sold is its list price.

The cost at which a seller decides to put their house on the market is known as the list price. You can specify a particular range of costs and make them exclusive to a certain clientele using a pricing list.

Therefore, option C is appropriate.

Learn more about the list price, here:

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Delon needs to modify the style of his form elements in Access 2016. Which tab in the ribbon should he use to apply Quick styles to a form? Form Design Tools > Design Form Design Tools > Arrange Arrange Form Design Tools > Format

Answers

Answer:

Form Design Tools > Format                    edg 2021

Explanation:

Form Design Tools> Format is the style Delon needs to modify the form of his elements. Thus, option D is correct.

What is a design tab?

The Table Tools contextual tab will appear on the ribbon when you insert or select a table in Microsoft Publisher . You can easily arrange your table, add or remove rows and columns, set the alignment of cells, and format the typography of the text in your table using the two options on this tab, Design and Layout.

Table formatting, cell and table borders, placement of the table on the page, and table size are all included in the Design tab. You can manage the design and appearance of your presentation using the commands on the Design Tab. You can choose a theme from the ones that are offered, and you can alter the color schemes as well. The use of themes streamlines the process of developing polished presentations.

Learn more about design tab here:

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Sandra acquired a passive activity three years ago. Until last year, the activity was profitable, and her at-risk amount was $300,000. Last year, the activity produced a loss of $100,000, and in the current year, the loss is $50,000. Assuming Sandra has received no passive activity income in the current or prior years, her suspended passive activity losses from the activity are: a. $90,000 from last year and $50,000 from the current year. b. $100,000 from last year and $50,000 from the current year. c. $0 from last year and $0 from the current year. d. $50,000 from the current year.

Answers

Answer:

c. $0 from last year and $0 from the current year.

Explanation:

$300,000 - $100,000 = $200,000 new at risk basis at the end of last year

at risk basis at the end of current year = at risk basis at the end of last year - current year's loss = $200,000 - $50,000 = $150,000

since at risk basis is still $150,000 (not negative), there is no suspended passive activity loss

Pandora allows users to

A. interact with other users.

B. run free background checks.

C. stream radio to mobile devices or computers.

D. protect themselves against identity theft.

Answers

Answer:

C

Explanation:

C! Pandora allows users to stream music!

How would you assess your current work habits, either at school or on the job? What could you improve upon? Explain.

Answers

Answer: I make sure that I look professional, complete tasks in a time manner and try to work with a team. I can always improve my team working skills because you are constantly working with new people.

Cliches are useful to a business writer because they help readers understand the main idea better.


Please select the best answer from the choices provided

T
F

Answers

Answer:

F

Explanation:

Answer:

FFFFFFFFFFFFFFFFF

Explanation:

right on edge

On January 1, 2021, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2022. Expenditures on the project were as follows: January 1, 2021 $ 300,000 September 1, 2021 $ 450,000 December 31, 2021 $ 450,000 March 31, 2022 $ 450,000 September 30, 2022 $ 300,000 Dreamworld had $5,000,000 in 12% bonds outstanding through both years. Dreamworld's average accumulated expenditures for 2021 was:

Answers

Answer: $450,000

Explanation:

Average expenditure means that the expenditure is based on the months that are left in the year when it was incurred.

Average expenditure for 2021 is:

= January expenditure weight + September expenditure weight + December expenditure weight

=  (300,000 * 12/12 months) + (450,000 * 4 months left/ 12 months) + (450,000 * 0/12 months)

= $450,000

Expenditure is termed as the spending that is done by the household or the consumers on the consumption of the goods and services that are availed in the market by the suppliers of the goods and services.  

The correct answer for Dreamworld's average accumulated expenditures for 2021 is $450,000

Average expenditure for 2021 is:

= January expenditure weight + September expenditure weight + December expenditure weight

=  [tex](300,000 \times \frac{12}{12} \: months) + (450,000 \times \frac{4}{12} \:months) + (450,000 \times \frac{0}{12}\: months)[/tex]

= $450,000

Therefore, Dreamworld's average accumulated expenditures for 2021 is $450,000

To know more about the accumulated expenditure, refer to the link below:

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A company sells 15,000 units of its single product annually. Annual revenues are $450,000, variable costs are $315,000, and fixed costs are $125,000. The company is considering whether to accept a special order for 3,000 units at the price of $24 each. Fixed costs will remain unchanged if the company accepts the order. The company only has production capacity to make a total of 16,000 units of the product in any given year. If the company accepts the special order, what is the impact on the company’s profit?

Answers

Answer:

Decrease in profit = $9,000

Explanation:

The impact on the profit would be the sum of the increase in contribution from the special order less the lost contribution by forgoing the standard order.

Accepting the special order of 3,000 units would mean losing standard contribution on 2,000 units from the current sales unit of 15,000. Remember the company only has excess capacity of 1, 000 units i.e (16000-15,000) So, the additional 2,000 units would need to be forgone at standard price.

Variable cost per unit = 315,000/15,000 = $21

Standard selling price = 450,000/15,000 = $30

Special order price = $24

                                                                                                          $

Additional contribution from special order = (24-21) × 3,000 =  9,000

Lost contribution from forgoing standard order (30-21) × 2000 =(18,000)

Decrease in profit                                                                           (9,000)

By accepting the special order, the company would lose $9,000 of its profit

explain the term democracy!!​

Answers

un
a system of government by the whole population or all the eligible members of a state, typically through elected representatives.

Hope this helps!

What is one consequence of stagflation?

Answers

Answer: The economy drastically slows down as money loses its buying power.

Explanation:

What is the minimum amount due on the following credit card statement?
Money Credit Card Company
Credit Card Holder Account Number
Maurice James 90002002003
Closing Date
5-1-2010
Payment Due Date
5-13-2010
Previous Balance
0.00
Minimum Payment Due
New Balance
202.23
10.00
Credit Line Summary
Total Credit Limit Credit Available
$2,000.00
$1,797.77
New Activity for Maurice James
Posting date Trans. Date
Transactions
4-15-2010 4-15-2010 Store ABC
4-16-2010 4-16-2010 Gas Station
Charge
$130.23
$72.00
2010 Gyron, Inc
$1,797.77
$10
$202.23
$15

Answers

Answer: $10

Explanation: It is in the box labeled Minimum Payment Due

Answer:

$10

Explanation:

According to the video, what are some things that Human Resources Managers do? Select four options.
oversee hiring and firing
purchase computers
distribute office supplies
develop training programs
develop personnel policies
develop pricing strategies
develop recruiting programs

Answers

Answer: 1 4 5 7

Explanation:

Answer:

1,4,5,7

Explanation:

on ed2021

buenas noches es mi tarea de inglés alguien me puede explicar porfavor
He likes to teach, ________. *

does he?
doesn't he?
wil he?
won't he?

She's eating a piece of cake, _________. *

isn't she?
are she?
will she?
is she?

You don't work every day, ________. *

does you
don't you?
are you?
do you?

The car is clean, ________. *

isn't it?
is it?
are they?
aren't they'?

We can study geometry, _________. *

can't we?
can we?
do we?
don't we?​

Answers

Answer:

doesn't he

isn't she

isn't it

can't we

Answer:

He likes to teach, doesn't he?

She's eating a piece of cake, isn't she?

You don't work every day, do you?

The car is clean, isn't it?

We can study geometry, don't we?​

Explanation:

Soy un hablante nativo de inglés por lo que las respuestas deben ser correctas. Lo siento si mi español es incorrecto. Lo estoy aprendiendo en la escuela.

¡Espero que esto ayude!

_____ is the most common form of business ownership.

A - Sole proprietorship
B - Partnership
C - Corporation
D - Limited liability company

Answers

The answer is "Sole proprietorship"

Hope this helps! :D

Answer:

A. Sole proprietorship

                                                         

For over 10 years, Erudite, a publishing and educational company that produces college textbooks, has been selling its books online through studysmart, a popular online retailer that sells textbooks published by different companies. Recently, Erudite stopped selling its books through studysmart and set up its own website to sell its books. This change in channel organization is called ________. franchising intensive distribution disintermediation brokering selective distribution

Answers

Answer:

disintermediation

Explanation:

Disintermediation refers to the practice of diminishing the use of intermediaries (middlemen) between consumers and producers in future transactions.

Erudite stopped selling its books through studysmart and set up its website to sell its books. This change in channel organization is called disintermediation.

Should the Minimum Wage increase to $11 an hour instead of $15? Why?

Answers

Answer:

I think you mean increase to $15 instead of $11.

In one recent poll, 67 percent of small business owners support the minimum wage increase to $15 an hour. They say it would spark consumer demand, which would enable them to retain or hire new employees. And raising the wage doesn't seem to compel employers to cut jobs.

It would help 900,000 people out of poverty. Raise income for 17 million people (one in 10 workers), to the tune of $509 billion over 10 years. Potentially increase wages for another 10 million people.

How can employees in the marketing industry use time management skills to meet deadlines?

Answers

Answer: Employees in the marketing industry can use time management skills to meet deadlines by setting out a plan to complete the tasks.

How do banks make most of their profits?

fees charged to customers for account maintenance

fees on debit cards

savings account deposits

interest charges on loans

Answers

fees charged to customers for account maintenance :)

maple products is a manufacturer of electronic goods that markets its products in several countries across the world. The company makes usre that the spare parts of the products are availble in all their markets and also ensures that the technical personnel in their retail outlets are adequately trained to repair their products. In the context of the dimensions of quality, as suggested by David a. garvin, the efforts taken by the company will enhance the ____ dimension of its product quality

Answers

Answer:

serviceability

Explanation:

Maple products markets electronic goods in several countries across the world.

The company makes sure that the spare parts of the electronic goods can be bought easily from the market and the technical personnel in their retail outlets are also trained efficiently to repair their the electronic goods or the products.

The efforts taken by the company will enhance the serviceability dimension of its product quality

can someone help me with this please.

Answers

There’s no image I think u forgot to insert it

Answer:

sure

Explanation:

no image

I need help ASAP with personal finance

Answers

AnswER:

What do you need help with

Explanation:

Leadership is best defined as ________. Group of answer choices the ability to induce the team members to focus on individual goals rather than collective goals the ability to influence a group toward the achievement of a vision or set of goals the ability to reduce the dependence of team members on each other the ability to merely project one's abilities in the lack of actual accomplishments the ability to use factors like training and experience to reduce dependence on formal leadership

Answers

Answer:

the ability to influence a group toward the achievement of a vision or set of goals

Explanation:

a.
3. A written communication between two departments of a company would be made by:
Letter
b. Memo
Intercom
d. Viewdata
C.​

Answers

internet service providers

24. The company is considering two independent projects with an initial cost of $18,000 each. The cash inflows of Project A are $3,000, $7,000, and $10,000 for Years 1 to 3, respectively. The cash inflows for Project B are $3,000, $7,000, and $15,000 for Years 1 to 3, respectively. The required return is 12 percent and the cutoff discounted payback period is 3 years. Based on discounted payback, which project(s), if either, should be accepted

Answers

Answer: Project B

Explanation:

To find out the project that should be accepted based on the discount rate and the cut-off discounted payback periods, find the present value of the three year cashflows of each project. If it is larger than the initial investment then it should be accepted:

Project A

= 3,000 / (1 + 12%) + 7,000 / (1 + 10%)² + 10,000 / (1 + 12%)³

= $15,376.73

Project A's present value is less than the initial investment of $18,000 so it should not be chosen.

Project B

=  3,000 / (1 + 12%) + 7,000 / (1 + 10%)² + 15,000 / (1 + 12%)³

= $18,935.63

Project B's present value is larger than the initial investment of $18,000 so it should be chosen.

Which of the following budgets
would be considered balanced?


A budget where the amount you spend is greater than the amount you
earn.

A budget where the amount you earn is equal or less than to the amount
you spend.

A budget where the amount you save is less than the amount you spend.

A budget where the amount you spend is equal or less than the amount
you earn.

Answers

the bottom one because equal is balanced

Salaries and wages are an example of this operating expense.
O professional services
O licenses
O phone and utilities
O payroll

Answers

It’s payroll truss me

Can someone please help me with this!!!!

Answers

Answer:

Eh easy aall you have to do is pay 4,305 dolllars

Explanation:

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