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Zybrea Knight
Answers (9)
ZK
Answered
Neubert Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During December, the company budgeted for 5,300 units, but its actual level of activity was 5,340 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for December:Data used in budgeting: 
Actual results for December:
The net operating income in the flexible budget for December would be closest to:
A) $16,430
B) $16,994
C) $11,795
D) $11,974
Actual results for December: The net operating income in the flexible budget for December would be closest to:A) $16,430
B) $16,994
C) $11,795
D) $11,974
On Aug 05, 2024
B
ZK
Answered
Money is created when
A) a bank gives you a $1,000 loan.
B) you pay back a $1,000 loan to a bank.
C) you write a check for $1,000.
D) you deposit $1,000 cash to be deposited in your checking account.
E) you cash a check for $1,000 at your bank.
A) a bank gives you a $1,000 loan.
B) you pay back a $1,000 loan to a bank.
C) you write a check for $1,000.
D) you deposit $1,000 cash to be deposited in your checking account.
E) you cash a check for $1,000 at your bank.
On Aug 04, 2024
A
ZK
Answered
Clan control flows through an organization's hierarchy of authority.
On Jul 06, 2024
False
ZK
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Unions can be certified automatically by the labour relations board when the employer engages in unfair labour practices.
On Jul 05, 2024
True
ZK
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Consolidated financial statements show the financial statements of all entities under the parent's control,including all subsidiaries.
On Jun 06, 2024
True
ZK
Answered
On January 6 Whitson Co. sells merchandise on account to Garcia Inc. for $7000 terms 2/10 n/30. On January 16 Garcia Inc. pays the amount due. Prepare the entries on Whitson's books to record the sale and related collection.
(b) On January 10 Jill Hoyle uses her Berkman Co. credit card to purchase merchandise from Berkman Co. for $9000. On February 10 Hoyle is billed for the amount due of $9000. On February 12 Hoyle pays $4000 on the balance due. On March 10 Hoyle is billed for the amount due including interest at 2% per month on the unpaid balance as of February 12. Prepare the entries on Berkman Co.'s books related to the transactions that occurred on January 10 February 12 and March 10.
(b) On January 10 Jill Hoyle uses her Berkman Co. credit card to purchase merchandise from Berkman Co. for $9000. On February 10 Hoyle is billed for the amount due of $9000. On February 12 Hoyle pays $4000 on the balance due. On March 10 Hoyle is billed for the amount due including interest at 2% per month on the unpaid balance as of February 12. Prepare the entries on Berkman Co.'s books related to the transactions that occurred on January 10 February 12 and March 10.
On Jun 05, 2024
(a)
Jan. 6 Accounts Receivable-Garcia. 7,000 Sales Revenue 7,00016 Cash ($7,000−$140) 6,860 Sales Discounts (2%×$7,000) 140 Accounts Receivable-Garcia 7,000\begin{array}{lll} \text {Jan. 6 } & \text {Accounts Receivable-Garcia. } &7,000\\ &\text { Sales Revenue } &&7,000\\ \text {\quad\quad16 } & \text { Cash \( (\$ 7,000-\$ 140) \) } &6,860\\& \text { Sales Discounts \( (2 \% \times \$ 7,000) \) } &140\\& \text { Accounts Receivable-Garcia } &&7,000\\\end{array}Jan. 6 16 Accounts Receivable-Garcia. Sales Revenue Cash ($7,000−$140) Sales Discounts (2%×$7,000) Accounts Receivable-Garcia 7,0006,8601407,0007,000
(b)
Jan. 10 Accounts Receivable-Hoyle 9,000 Sales Revenue9,000 Feb. 12 Cash4,000 Accounts Receivable-Hoyle4,000 Mar. 10Accounts Receivable-Hoyle 100Interest Revenue100[2%×($9.000−$4.000)]\begin{array}{lll} \text { Jan. } 10 & \text { Accounts Receivable-Hoyle } &9,000\\&\text { Sales Revenue}& & 9,000 \\\\ \text { Feb. } 12 & \text { Cash} & 4,000 \\&\text { Accounts Receivable-Hoyle}&&4,000\\\\ \text { Mar. } 10 &\text {Accounts Receivable-Hoyle } & 100 \\&\text {Interest Revenue}&&100\\& \text {\( [2 \% \times(\$ 9.000-\$ 4.000)] \)}\end{array} Jan. 10 Feb. 12 Mar. 10 Accounts Receivable-Hoyle Sales Revenue Cash Accounts Receivable-HoyleAccounts Receivable-Hoyle Interest Revenue[2%×($9.000−$4.000)]9,0004,0001009,0004,000100
Jan. 6 Accounts Receivable-Garcia. 7,000 Sales Revenue 7,00016 Cash ($7,000−$140) 6,860 Sales Discounts (2%×$7,000) 140 Accounts Receivable-Garcia 7,000\begin{array}{lll} \text {Jan. 6 } & \text {Accounts Receivable-Garcia. } &7,000\\ &\text { Sales Revenue } &&7,000\\ \text {\quad\quad16 } & \text { Cash \( (\$ 7,000-\$ 140) \) } &6,860\\& \text { Sales Discounts \( (2 \% \times \$ 7,000) \) } &140\\& \text { Accounts Receivable-Garcia } &&7,000\\\end{array}Jan. 6 16 Accounts Receivable-Garcia. Sales Revenue Cash ($7,000−$140) Sales Discounts (2%×$7,000) Accounts Receivable-Garcia 7,0006,8601407,0007,000
(b)
Jan. 10 Accounts Receivable-Hoyle 9,000 Sales Revenue9,000 Feb. 12 Cash4,000 Accounts Receivable-Hoyle4,000 Mar. 10Accounts Receivable-Hoyle 100Interest Revenue100[2%×($9.000−$4.000)]\begin{array}{lll} \text { Jan. } 10 & \text { Accounts Receivable-Hoyle } &9,000\\&\text { Sales Revenue}& & 9,000 \\\\ \text { Feb. } 12 & \text { Cash} & 4,000 \\&\text { Accounts Receivable-Hoyle}&&4,000\\\\ \text { Mar. } 10 &\text {Accounts Receivable-Hoyle } & 100 \\&\text {Interest Revenue}&&100\\& \text {\( [2 \% \times(\$ 9.000-\$ 4.000)] \)}\end{array} Jan. 10 Feb. 12 Mar. 10 Accounts Receivable-Hoyle Sales Revenue Cash Accounts Receivable-HoyleAccounts Receivable-Hoyle Interest Revenue[2%×($9.000−$4.000)]9,0004,0001009,0004,000100
ZK
Answered
Congress passed the ________ which requires lenders to disclose the finance charge and the annual percentage rate.
A) Fair Credit Reporting Act
B) Equal Credit Opportunity Act
C) Truth-in-Lending Act
D) Fair Debt Collection Practices Act
A) Fair Credit Reporting Act
B) Equal Credit Opportunity Act
C) Truth-in-Lending Act
D) Fair Debt Collection Practices Act
On May 07, 2024
C
ZK
Answered
What is demographics?
A) the study of social influences
B) the study of economic climate
C) the study of geographic migration
D) the study of population statistics
A) the study of social influences
B) the study of economic climate
C) the study of geographic migration
D) the study of population statistics
On May 06, 2024
D
ZK
Answered
Which of the following is an issue related to executive compensation?
A) Little or no relationship seems to exist between the performance of an organization and the compensation paid to its senior executives.
B) Most senior executives are exempt from the perquisites provided by an organization to its employees.
C) Executive compensation in the United States is far lower than that paid to senior executives in other countries.
D) Executive compensation only involves incentive pay, which is based on the years of service in an organization and commission from the clients brought to it.
A) Little or no relationship seems to exist between the performance of an organization and the compensation paid to its senior executives.
B) Most senior executives are exempt from the perquisites provided by an organization to its employees.
C) Executive compensation in the United States is far lower than that paid to senior executives in other countries.
D) Executive compensation only involves incentive pay, which is based on the years of service in an organization and commission from the clients brought to it.
On May 05, 2024
A