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Raynald Thomas
Answers (6)
RT
Answered
When recording the raw materials purchases in transaction (a) above, the Raw Materials inventory account will increase (decrease) by:
A) $1,366,200
B) $1,472,460
C) ($1,366,200)
D) ($1,472,460)
A) $1,366,200
B) $1,472,460
C) ($1,366,200)
D) ($1,472,460)
On Jul 20, 2024
A
RT
Answered
An aggregate demand curve can be drawn by:
A) shifting the 45-degree line.
B) letting changes in autonomous spending shift the aggregate expenditure line.
C) letting changes in the price level shift the aggregate expenditure line.
D) letting changes in the level of income shift the aggregate expenditure line.
E) letting changes in real GDP shift the aggregate expenditure line.
A) shifting the 45-degree line.
B) letting changes in autonomous spending shift the aggregate expenditure line.
C) letting changes in the price level shift the aggregate expenditure line.
D) letting changes in the level of income shift the aggregate expenditure line.
E) letting changes in real GDP shift the aggregate expenditure line.
On Jul 17, 2024
C
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Answered
Shown below is a page from a special journal.
1. What is the name of this journal?
2. Give an explanation for each of the transactions in this journal.
3. Explain the following:
(a) the numbers under the bottom lines.
(b) the checks entered into the Post. Ref. column.
(c) the numbers 113 and 416 in the Post. Ref. column.
(d) the (x) below the Other Accounts column. 11eb1392_1bea_af6a_8021_958fa69abcab
1. What is the name of this journal?
2. Give an explanation for each of the transactions in this journal.
3. Explain the following:
(a) the numbers under the bottom lines.
(b) the checks entered into the Post. Ref. column.
(c) the numbers 113 and 416 in the Post. Ref. column.
(d) the (x) below the Other Accounts column. 11eb1392_1bea_af6a_8021_958fa69abcab
On Jun 20, 2024
1. Cash receipts journal.
2. May 27- Tony Karr has paid for merchandise previously purchased on account. He is paying within the discount period and taking the discount.
May 28- A note receivable has matured. Payment is received for the $5000 face value and $480 of interest revenue.
May 29- A cash sale of merchandise is made for $425. The cost of the merchandise sold was $250.
May 31- Jim Borke has paid $500 on account.
3. (a) The numbers in parentheses under the bottom line of the journal indicate that these column totals have been posted to the general ledger accounts with these account numbers.
(b) The check in the posting reference column of the journal indicated that the accounts receivable subsidiary account for that customer has been credited for the amount shown in the accounts receivable column of this journal.
(c) The 113 indicates that account No. 113 in the general ledger Notes Receivable has been credited for the $5000. The 416 indicates that account No. 416 in the general ledger Interest Revenue has been credited for $480.
(d) The (x) below the Other Accounts column indicates that this column total is not posted. All the amounts in this column have already been posted individually to the appropriate general ledger account.
2. May 27- Tony Karr has paid for merchandise previously purchased on account. He is paying within the discount period and taking the discount.
May 28- A note receivable has matured. Payment is received for the $5000 face value and $480 of interest revenue.
May 29- A cash sale of merchandise is made for $425. The cost of the merchandise sold was $250.
May 31- Jim Borke has paid $500 on account.
3. (a) The numbers in parentheses under the bottom line of the journal indicate that these column totals have been posted to the general ledger accounts with these account numbers.
(b) The check in the posting reference column of the journal indicated that the accounts receivable subsidiary account for that customer has been credited for the amount shown in the accounts receivable column of this journal.
(c) The 113 indicates that account No. 113 in the general ledger Notes Receivable has been credited for the $5000. The 416 indicates that account No. 416 in the general ledger Interest Revenue has been credited for $480.
(d) The (x) below the Other Accounts column indicates that this column total is not posted. All the amounts in this column have already been posted individually to the appropriate general ledger account.
RT
Answered
_____design represents the outcomes of a decision-making process that includes environmental factors,strategic choices ad technological factors.
A) Organization
B) place
C) multinational
D) virtual
A) Organization
B) place
C) multinational
D) virtual
On Jun 17, 2024
A
RT
Answered
A payroll tax is also referred to as a social insurance tax.
On May 21, 2024
True
RT
Answered
Of all the human resource functions,payroll activities were one of the first functions to be computerized in medium and large organizations in Canada.
On May 18, 2024
True