NI
Nipuna Ilukpitiye Gedara
Answers (6)
NI
Answered
Describe the transaction that created the following journal entries (amounts omitted).
On Jul 13, 2024
1.Cash was received from a customer in advance of providing the good or service.
2.A utility bill was received but not yet paid.
3.A sale was made to a customer on account.
4.Employee wages were paid using cash.
5.Goods or services were provided to customers that previously paid in advance.
2.A utility bill was received but not yet paid.
3.A sale was made to a customer on account.
4.Employee wages were paid using cash.
5.Goods or services were provided to customers that previously paid in advance.
NI
Answered
Using responsible packaging for products is an example of a _____.
A) business regulatory reform
B) global branding strategy
C) sustainable business practice
D) product liability suit
A) business regulatory reform
B) global branding strategy
C) sustainable business practice
D) product liability suit
On Jul 10, 2024
C
NI
Answered
A small community has 40 people, each of whom has a wealth of $3,000.Each individual must choose whether to contribute $400 or $0 to the support of public entertainment for their community.The money value of the benefit that a person gets from this public entertainment is b times the total amount of money contributed by individuals in the community.
A) This game has a dominant strategy equilibrium in which nobody contributes anything for public entertainment.
B) If 40b 1, everybody is better off if all contribute to the public entertainment fund than if nobody contributes, but if 40b 1, everybody is better off if nobody contributes than if all contribute.
C) If 40b 1, there is a dominant strategy equilibrium in which everybody contributes.
D) Everybody is worse off if all contribute than if nobody contributes if b 1, but if b 1, everybody is better off if nobody contributes.
E) In order for there to be a dominant strategy equilibrium in which all contribute, it must be that b 40.
A) This game has a dominant strategy equilibrium in which nobody contributes anything for public entertainment.
B) If 40b 1, everybody is better off if all contribute to the public entertainment fund than if nobody contributes, but if 40b 1, everybody is better off if nobody contributes than if all contribute.
C) If 40b 1, there is a dominant strategy equilibrium in which everybody contributes.
D) Everybody is worse off if all contribute than if nobody contributes if b 1, but if b 1, everybody is better off if nobody contributes.
E) In order for there to be a dominant strategy equilibrium in which all contribute, it must be that b 40.
On Jun 13, 2024
B
NI
Answered
A tombstone advertisement is a prospectus with a notice written in a conspicuous font at the top of the page warning investors that the registration has been filed with the Securities and Exchange Commission but is not yet approved.
On Jun 10, 2024
False
NI
Answered
On July 1 of the current year, the assets and liabilities of John Wong, DVM, are as follows: Cash, $27,000; Accounts Receivable, $12,300; Supplies, $3,100; Land, $35,000; Accounts Payable, $13,900. What is the amount of owner's equity
(John Wong's capital) as of July 1 of the current year?
(John Wong's capital) as of July 1 of the current year?
On May 13, 2024
NI
Answered
The average number of times a company's inventory is sold during an accounting period, calculated by dividing cost of goods sold by the average inventory balance, is the:
A) Accounts receivable turnover.
B) Inventory turnover.
C) Days' sales uncollected.
D) Current ratio.
E) Price earnings ratio.
A) Accounts receivable turnover.
B) Inventory turnover.
C) Days' sales uncollected.
D) Current ratio.
E) Price earnings ratio.
On May 11, 2024
B