In july, lane co. Sells merchandise to avery co. On account. In august, avery pays the balance in full. The entry that lane will make to record the receipt of cash will include a credit to the _______ account.

Answers

Answer 1

The entry that lane will make to record the receipt of cash will include a credit to the Accounts Receivable account.

What is Accounts Receivable?

Accounts Receivable is the amount, which a company will receive from its customers who have purchased its goods & services on credit.

It refers to the money that the customer owe to the company for the goods or services that they have already received but not yet paid for.

For example- Goods purchase on credit by ABC, the amount gets added to the accounts receivable.

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Related Questions

A stock with a beta of 2.0 has an expected rate of return of 13.15%. the risk-free rate in the market is 3.30%. what is the market premium? assume capm is true.

Answers

The capital asset pricing model of the question is 1.15.

What is the Capital asset pricing method?

The value of a security is determined by the Capital Asset Pricing Model, or CAPM, based on the projected return in relation to the risk investors take when purchasing that security.

The formula for CAPM:

Following is the CAPM formula:

Beta i + R f = E(R i)

(E(R {m})-R {f})

The CAPM formula is:

The expected return on investment is equal to the risk-free rate plus the beta (or risk) of the investment multiplied by the market's anticipated return minus the risk-free rate (the difference between the two is the market risk premium).

The answer is calculated as:

Rf plus beta Equals CAPM* (Rm-Rf) E(r) equals 13.5% 3.3 percent

Rf Beta = ? Rm-Rf, sometimes referred to as market risk premium, is equal to 8.8%. 13.5 % = 3.3 + beta (8.8 percent ) beta = 13.5 percent - 3.3 percent (8.8 percent ) 10.2% is equal to beta (8.8 percent ) Beta = 10.2% / 8.8% = 1.15909

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Suppose that the public holds 50% of the money supply in currency, that the reserve requirement is 20%, and that banks hold no excess reserves. If a customer deposits $6,000 in her checking account, required reserves will increase by:

Answers

The required reserves will be increased by $4,800 if the customer deposits the amount of $6,000.

What is meant by deposits?

Deposits are the amount that the customers put in their savings accounts opened with the banks.

Given values:

Deposited amount: $6,000

Reserve ratio: 20%

Computation of increase in required reserves:

[tex]\rm\ Increase \rm\ in \rm\ Required \rm\ Reserves=\rm\ Customer \rm\ deposits \times\ (100\%-\rm\ Reserve \rm\ Ratio)\\\rm\ Increase \rm\ in \rm\ Required \rm\ Reserves=\$6,000 \times\ (100\%-20\%)\\\rm\ Increase \rm\ in \rm\ Required \rm\ Reserves=\$4,800[/tex]

Therefore, the amount of $4,800 will increase the required reserves on the deposit of $6,000 by the customer.

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What is iatrogenic anemia? How do you prevent it?

Answers

They can be prevented by using of small collection tube, allowing stable patients to carry out the laboratory test and sharing of specimen in the laboratory

What is iatrogenic anemia?

This is a condition of lowered hematocrit and hemoglobin count resulting from frequent removal of blood samples needed for testing purpose in the laboratory.

They can be prevented by carrying out the following:

The use of small collection tubesStable patients should only be allowed to carry out the laboratory testSharing of specimen in the laboratory

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what happens during the storming stage of team development?

Answers

During the storming stage,  people start to push against the established boundaries.

What is Team Development?

    Team development is the process if assembling a group of people who work together to achieve a common goal.

Before a Team is developed it must have passed through different stages which ensure a long lasting team.

During team development, there are five critical stages that must occur. They include

Forming Storming Norming Performing  Adjourning

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Baseball Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $19,300. Budgeted cash receipts total $189,500 and budgeted cash disbursements total $190,600. The desired ending cash balance is $31,300. To attain its desired ending cash balance for January, the company should borrow: Multiple Choice $31,300 $0 $13,100 $49,500

Answers

The correct option is C). $13,100.

What is Budgeted cash receipts and Budgeted cash disbursements?

Budgeted cash receipts refer to the money that the company expects to receive in a specific period of time.

Budgeted cash disbursements are the payments that the company expects to make in a specific period of time.

As per given in the Question:

$19,300 + $189,500 - $190,600 =$18200

Here, $18,200 will be subtracted from $31,300 to determine the amount that the company needs to attain its desired ending cash balance:

$31,300 - $18,200= $13,100

According to this, the company should borrow $13,100.

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The arrival of the Great Recession brought an unprecedented increase in home mortgage defaults despite years of efforts to create more sophisticated underwriting methods and standards. This can be attributed to:

Answers

This can be attributed to period of turmoil in the financial markets at the time of the Great depression.

What is Great Depression?

Great depression refers to the great economic turn down which was stated due to the fall in the market of the stock prices in the year 1929 and 1930. It was the economic depression.

Despite years of efforts to develop more sophisticated underwriting procedures and regulations, the coming of the Great Recession prompted an unprecedented rise in house mortgage defaults. This is explained by period of turmoil in the financial markets.

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When a taxpayer rents a residence for part of the year, the residence is not eligible as a qualified residence for the home mortgage interest expense deduction unless the taxpayer's: Multiple Choice personal use of the home exceeds half of the taxpayer's rental use of the home. personal use of the home exceeds the lesser of 14 days or 10 percent of the taxpayer's rental use of the home. personal use of the home exceeds the greater of 14 days or 10 percent of the taxpayer's rental use of the home. personal use of the home exceeds the taxpayer's rental use of the home.

Answers

When a taxpayer rents a residence for part of the year, the residence is not eligible as a qualified residence for the home mortgage interest expense deduction unless the taxpayer's: personal use of the home exceeds the taxpayer's rental use of the home.

Who is a taxpayer?

A taxpayer is a person or organization subject to pay a tax. Modern taxpayers may have an identification number, a reference number issued by a government to citizens or firms. The term "taxpayer" generally characterizes one who pays taxes.

Therefore, the correct answer is as given above.

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Ben, a trainer, meets his team to discuss the possibility of senior engineers training new engineers. He also meets the human resources director to see if she can offer training seminars and to examine the effect of increased work experience on training requirements. Which step of the rational model of decision making is Ben at

Answers

The step of the rational model of decision-making that Ben is at is known as: Collecting and sorting Facts and or data.

What is Rational Model of Decision-Making?

The above-named model refers to a decision-making technique that allows the user to make logical decisions that are void of emotions.

Hence, it is correct to indicate that the step of the rational model of decision-making that Ben is at is known as: Collecting and sorting Facts and or data.

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The _____ is capable of imaging atoms and incorporating nanomaterial layers into hard disk recording heads and magnetic disk coatings

Answers

The scanning tunneling microscope is capable of imaging atoms and incorporating nanomaterial layers into hard disk recording heads and magnetic disk coatings. Read below on scanning tunneling microscope.

What is scanning tunneling microscope?

Scanning Tunneling Microscope is a high-resolution microscope using neither light nor an electron beam, but with an ultra-fine tip able to reveal atomic and molecular details of surfaces.

Therefore, the correct answer is Scanning Tunneling Microscope.

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What was the opening price of dow jones industrial average on jun 01, 2017 in the format of xxxxx.xx?

Answers

Answer:

21080.28.

Explanation:

if a student chooses to study linguistics at a college, what has that student chosen?​

Answers

When a student chooses to study linguistics at a college then has to choose an academic major subject.

What is an academic major?

An academic major is referred to as a specialization an individual to choose in which he is looking for expertise or career during the college duration.

These major subjects reflect that the student will gain knowledge and developed skills by reading the subject and can utilize it in the future. This will also help to determine the interest of an individual.

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What is the payment on a 72 month, 5.99% car loan for $20,000

Answers

Based on the calculation done below, the payment on the 72-month car loan is $331.36 monthly.

How do we calculate the monthly loan payment?

The monthly payment of the car loan can be calculated using the formula for calculating the present value of an ordinary annuity as follows:

M = PV / ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

M = Monthly payment = ?

PV = Present value or the car loan = $20,000

r = Monthly interest rate = Annual interest rate / 12 = 5.99% / 12 = 0.059 /

12 = 0.00491666666666667

n = number of months = 72

Substitute the values into equation (1), we have:

M = $20,000 / ((1 - (1 / (1 + 0.00491666666666667))^72) / 0.00491666666666667)

M = $331.36

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Shortly after World War II, John Jackson developed and began selling a machine lubricant that was superior to anything currently on the market. While demand kept up with production at first, several strong competitors added new products and he soon had to hire a sales force to sell excess product to manufacturing companies in the area. This is an example of marketing behavior that would occur during the ________ era of U.S. business history.

Answers

The given scenario is an example of marketing behavior that would occur during the sales era of U.S. business history.

What is Marketing?

This refers to the creation of awareness for a particular product by making promotions.

Hence, we can see that based on the given scenario of the machine lubricant that was sold after the WWII, there was the introduction of strong competitors and a sales force had to be hired and this is an example of marketing behavior that would occur during the sales era of U.S. business history.

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Your sister is thinking about starting a new business. The company would require $355,000 of assets, and it would be financed entirely with common stock. She will go forward only if she thinks the firm can provide a 13.5% return on the invested capital, which means that the firm must have an ROE of 13.5%. How much net income must be expected to warrant starting the business

Answers

The net income that must be expected to warrant starting the business is: $47,925.

Net income

Using this formula

Net income = ROE × Total equity

Let plug in the formula

Net income = 13.5% × $355,000

Net income = $47,925

Therefore the net income that must be expected to warrant starting the business is: $47,925.

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A machine is available 10 hours a day. Each part takes 80 minutes to fabricate and 10 minutes to setup. 10% of the parts made are defective and must go through the machine again to be reworked, during which both setup and fabrication have to be performed again. The machine is idle for any unused time. On average, 5 good parts are made each day. What is the overall equipment effectiveness of the machine? Multiple Choice 0.80 0.75 0.067 0.667

Answers

The overall equipment effectiveness of the machine is 0.75

How to determine the effectiveness?

The given parameters are:

Availability = 10 hours ⇒ 600 minutesFabrication time = 80 minutesSetup time = 10 minutesParts made each day = 5Percentage defective = 10%

The total production time for 5 parts is:

Time = 5 * (80 + 10)minutes

Time = 450 minutes

The time to replace defective parts is:

Time = Percentage defective * Parts made each day * Production time for one part

This gives

Time = 10% * 5 * (80 + 10) minutes

Time = 45 minutes

The value added time is the difference between the production time and time to replace defective part

Value added time = 500 - 45 = 455 min

The overall equipment effectiveness of the machine is then calculated as:

OEE = Value added time/Availability

This gives

OEE = 455/600

Evaluate

OEE = 0.75

Hence, the overall equipment effectiveness of the machine is 0.75

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Both karen and bob are out of work. karen applies to a few jobs each week, but does not particularly care to be employed. bob was avidly searching for a job, but a little over a month ago he gave up searching. who would be counted as unemployed by the current population survey (cps)

Answers

According to the current population survey, Bob situation will be counted in the unemployment survey.

What is Unemployment?

Unemployment refers to the situation in which the person is willing to work but he or she is unable to find the appropriate job.

In the given scenario, Karen is unwilling to work as he does care about getting a job. However, Bob is willing to work and all very stressed about not getting the job.

All members of a household who are of working age are asked about their demographics and job status as part of the Current Population Survey (CPS).

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During a sales presentation, your client asks you whether the medicare agency recommends that she sign up for your plan or stay in original medicare. What should you tell her?

Answers

The best thing to tell the client is that the Medicare agency does not endorse or recommend any plan.

What is Medicare?

This refers to the healthcare program in the United States that provides health insurance to people that are over 65 years old.

Hence, we can see that when a person is making a sales presentation and is asked whether there is a recommended plan for them in the medicare agency, the best answer would be to tell the person that the Medicare agency does not endorse or recommend any plan.

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A negative relationship between the quantity demanded and price is called the law of:.

Answers

Answer:

the law of demand

Explanation:

What are some examples of security goals that you may have for an organization?

Answers

Some of the security goals that may exist for an organization are:

Prevention of unauthorized access to sensitive details.Protection of customer information.

What are security goals?

This can be defined to mean all of the precautions that an organization may take in order to safe guard their business from the wrong hands.

To do this they have to ensure that people have their information and data kept safely.

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What do we call written agreements among states that serve as the most important source of international law

Answers

Treaties are written agreements among states that serve as the most important source of international law.

What are Treaties?A formal, written agreement that is enforceable under international law is known as a treaty.It is often made by and between sovereign governments and international organizations, however, it can occasionally involve individuals, corporate bodies, and other kinds of legal persons. Among other names, a treaty is often referred to as a protocol, covenant, convention, pact, or exchange of letters on a global scale. International law, however, only classifies agreements as treaties if they are enforceable by all parties.The first recorded instance of a treaty is a border agreement between the Sumerian city-states of Lagash and Umma in the vicinity of 3100 BC. Treaties are among the earliest examples of international interactions.Most major civilizations utilized some kind of international agreement, and over the early modern age, both their sophistication and number increased.

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When the market rate is 12%, a company issues $50,000 of 9%, 10-year bonds and pay interest semiannually. When the bonds mature, the issuer records its payment of principal with a debit to _______ in the amount of _______.

Answers

When the market rate is 12%, a company issues $50,000 of 9%, 10-year bonds and pay interest semiannually. When the bonds mature, the issuer records the journal entry of its payment of principal with a debit to cash in the amount of $50,000.

What is a journal entry?

A systematic way of making and maintaining the record of the financial transactions in the journal books of an organization, with a proper narration of the same, is known as a journal entry.

Hence, option C holds true regarding the journal entry.

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Suppose that the United States has an absolute advantage over Mexico in producing both agricultural and manufactured goods. In the U. S., the opportunity cost of 1 unit of agricultural output is 2 units of manufactured goods. In Mexico, the opportunity cost of 1 unit of agricultural output is 1.5 units of manufactured goods. Total production in the U. S. and Mexico will be maximized if

Answers

Given the above scenario, the total production in the U.S. and Mexico will be maximized if Mexico focuses on Agricultural produce and the US on Manufactured produce.

What is product maximization?

Product maximization refers to the process via which two trading nationalities or entities focus on the goods where they have the least opportunity cost.

Thus, n this case,  the total production in the U.S. and Mexico will be maximized if Mexico focuses on Agricultural produce and the US on Manufactured produce.

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The return that lenders require on their loaned fund to the firm is called the:

Answers

The return that lenders require on their loaned fund to the firm is called the interest.

What is interest?

Interest is payment made by the borrower to the lender for the use of their funds. Interest depends on the amount borrowed, the interest rate and the length of the loan. The payment of interest is made at predetermined intervals.

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When the project may be completed early with some parts of the project eliminated this is considered to be

Answers

A premature closure occurs when the project may be completed early with some parts of the project eliminated.

What is a premature closure?

This refers to a situation whereby the project is of strategic importance and must be delivered earlier than expected.

Hence, this also occurs when the project may be completed early with some parts of the project eliminated.

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Karen and Anika chose the small business owners niche target market because of their limited resources and experience as entrepreneurs. A significant downside of targeting a niche market is

Answers

A significant disadvantage of targeting a niche market is the limited potential for business growth.

What is the niche market?

It is a strategy for a company to specialize in a particular area, segmenting its audience and becoming an expert in its area of ​​business.

Therefore, although segmenting a niche market has the advantages of customer loyalty to the brand, this strategy can also reduce the possibility of business growth.

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When managers are analyzing the corporate controllable variables, the three key questions they must address about their business include:

Answers

When managers are analyzing the corporate controllable variables, the three key questions they must address about their business include:

Company's target customers?What value does the company want to deliver to these customers?How will the customer value be created?

What are Corporate Controllable Variables?

Corporate controllable variables are factors such as place, price, promotion, and product that the business managers can control to achieve their aim.

For managers to successfully control these variables, they must know who the company's target audience is. They should also know what value they hope to give and the best way they will achieve the same.

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create a(n) _____ query to change the name of a supervisor in an employee table.

Answers

create an update query to change the name of a supervisor in an employee table. Hence, the correct answer is update query. Read below about update query.

What is an update query?

An Update query is a type of action query that makes changes to several records at the same time. For example, you could create an Update query to change the name of a supervisor in an employee table.

Therefore, the correct answer is update query.

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Under the perpetual system, cash freight costs incurred by the buyer for the transporting of goods is recorded in which account?

Answers

Based on the perpetual system, a buyer can incur cash freight costs if they transport Inventory.

How are freight costs treated?

The perpetual system allows for the buyer of inventory to record the freight cost for the merchandise in the inventory account.

This means that the freight cost will be capitalized and added to the cost of the inventory to recover the costs.

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Which is an example of a preventative measure related to possible medical
identity theft?
A. Checking your medical records carefully
B. Calling your medical provider
O C. Calling your insurance company
D. Contacting the Federal Trade Commission (FTC)

Answers

An example of a preventative measure related to medical identity theft would be carefully checking the medical records of a person. Option A is correct.

What is a preventative measure?

In opposition to disease treatment, preventative measures refer to actions or steps taken to ward off illness. The usual categories used to describe preventive care strategies are primary, secondary, and tertiary prevention.

Maintaining control of medical identity cards and routinely reviewing medical bills, credit reports, medical benefit accounts, and instruction invoices are examples of preventative measure.

Medicare and Social Security cards that have been stolen away require to be accounted right away to the Social Security Administration.

Therefore, option A is correct.

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Answer: A. Checking your medical records carefully

Explanation: just got it right

Americans are typically not shy talking up their accomplishments; however, in the United Kingdom, overt self-promotion is taboo. Which cultural influence does this exemplify?

body language

language

cultural baggage

family relationships

Answers

The cultural influence that the given scenario shows is C. cultural baggage

What is Culture?

This refers to the way of life of a person and how he lives his life, the values that he holds dear and his relationship with others.

Hence, we can see that based on the given scenario, the fact that the Americans will brag about their achievements and the British may not because it is considered taboo is a good example of cultural baggage.

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Answer:

cultural baggage was wrong for me

I think it is language

Explanation:

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