journal entries
sold goods costing Rs. 15000 for Rs.5000 profit​

Answers

Answer 1

Answer:

sales cr profit cash dr


Related Questions

What is meant by the economic problem?

Answers

Answer:

hey! hope this helps love! Economic problems asserts that an economy's finite resources are insufficient to satisfy all human wants and needs. Economics involves the study of how to allocate resources in conditions of scarcity.

Pert networks use a simple statistical method to determine the most likely task completion times. describe how expected activity times and variances can be computed in a pert network. describe a situation in which a project manager would choose pert for her project.

Answers

Answer: Pessimistic time- the optimistic time then divide that number by 6 and square root that number to get the final number.

Explanation:

They can be computed by pessimistic time- the optimistic time divide the number by 6 and square root the number gotten to get the final answer

A manager will choose pert for her project due to uncertainties as regards weather, supplies and availability of labour which would all insert variances into her estimated activity upon completion.

What is a third party check? (bank type of check)

Answers

third-party check. check negotiated through a bank, except one payable to the writer of the check, that is, a check written for cash. The primary party to a transaction is the bank on which a check is drawn. The secondary party is the drawer of the check against funds on deposit in the bank.

The third party is the payee who endorses the check.

A check negotiated to the bank, except one payable to the writer of the check, there is, a check written check.

What are the 3 qualifications of a product

Answers

Explanation:

Product certification or product qualification is the process of certifying that a certain product has passed performance tests and quality assurance tests, and meets qualification criteria stipulated in contracts, regulations, or specifications (sometimes called "certification schemes" in the product certification industry).

Which of the following students is most likely to receive a merit-based scholarship?
A.
a student from a low-income family
B.
a student with a delinquency record
C.
a student from a political family
D.
a student with a high academic score
E.
a student from a middle-income family

Answers

Answer: (Unsure if apply more than 1)

I believe its D a student with a high academic score

They are because the more talented students will receive scholarships.

Explanation:

Answer:

D

Explanation:

Global used million of its available cash to repay million of its​ long-term debt. ​(Select the best choice​ below.) A. ​Long-term liabilities would decrease by ​million, and cash would decrease by the same amount. The book value of equity would be unchanged. B. ​Long-term liabilities would decrease by ​million, and cash would increase by the same amount. The book value of equity would be unchanged. C. ​Long-term liabilities would increase by ​million, and cash would increase by the same amount. The book value of equity would be unchanged. D. ​Long-term liabilities would decrease by ​million, and cash would decrease by the same amount. The book value of equity would change by .

Answers

Answer:

A. ​Long-term liabilities would decrease by ​million, and cash would decrease by the same amount. The book value of equity would be unchanged.

Explanation:

Global had money in its hands, also there is a standing long term liability in the books.

When the liability will be paid, the liability will decrease with the amount it is paid off, and if paid completely the liability will become 0.

Further, if it is paid by using cash of the business, then the cash will decrease with the same amount.

Accordingly on the assets side of the accounting equation cash is reduced.

And simultaneously the liabilities are reduced with the same amount on the other side.

And there shall be no effect on equity value.

Accounting equation is:

Assets = Liability + Equity

When assets are decreased by million and liabilities are also decreased by million then:

Assets - million = Liabilities - million + Equity

Assets - million + million = Liabilities + Equity

Assets = Liabilities + Equity

In which of the following economic systems is the government's role greatest?


O Mixed

O Traditional

O Market

O Command​

Answers

Answer:

command has the government role

Item 8 In a movie's opening weekend, 879,575 tickets are sold in 755 theaters. The average cost of a ticket is $9.50. What is the average amount of money earned by each theater?

Answers

Answer:

the average amount of money is 1,165

Explanation:

The computation of the average amount of money i.e. earned by each theater is shown below:

= Total number of tickets sold ÷ number of theaters

where,

The Total number of tickets sold is 879,575

And, the number of theaters is 755

Now place these values to the above formula

So, the average amount of money is

= $879,575 ÷ 755

= 1,165

hence, the average amount of money is 1,165

Explain what is meant by the business entity concept?

Answers

The business entity concept. The business entity concept states that the business is separate from the owner(s) of the business. Therefore the accounting records for even the simplest business, the sole trader, must be kept separate from the personal affairs of the owner or owners.

When Rita Thomas’s clothing company began to market its line of inexpensive cotton shirts in Africa, it assumed that it would be able to use its television and print advertising that had worked in the United States and other countries. However, the company soon learned that literacy rates and access to television in other areas of the world were not comparable to the level prevalent in the home country. The factors that created difficulties for Rita’s company in this scenario can be regarded as

Answers

Answer:

foreign environment (uncontrollable

Post the journal entries to the​ T-accounts, using transaction dates as posting references in the ledger accounts. Label the balance of each account Bal. We will post to the accounts one transaction at a time. Begin by posting the events from the 1st. July ​1: Yarwood contributed $ 68 comma 000 cash to the business in exchange for Common Stock. ​(We will post to the accounts one transaction at a time. Post only the transaction from July 1 in this​ step.)

Answers

Answer:

Dr Cash $68,000

Cr Common Stock $68,000

Explanation:

1st July

The entry to record the capital investment of Yarwood who contributing $68,000 in cash would result in an increase in common stock and increase in company cash balance which means that increase in common stock must be credited and increase in cash balance must be debited.

Dr Cash $68,000

Cr Common Stock $68,000

What is one way for an entrepreneur to decrease risk?

A) by mimicking popular products
B) by maintaining personal flexibility
C) by creating a strong business strategy
D) by developing reliable sources for materials


The Answer is C) by creating a strong business strategy

Answers

CCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCC

Answer:

c

Explanat

Vsk_jay

When Paul listened to the presidential candidate debates, he heard one candidate proposing to increase taxes and the other candidate responding that this would cause firms to decrease production. How would this be described by an economist?a) As taxes increase, there is an increase in supply. b) As taxes increase, there is a decrease in quantity supplied.c) As taxes increase, there is an increase in quantity supplied. d) As taxes increase, there is an increase in supply and in quantity supplied e) As taxes increase, there is a decrease in supply.

Answers

Answer:

e) As taxes increase, there is a decrease in supply.

Explanation:

            In the context, it is said that one of the presidential candidate in his presidential debate proposes to increase the taxes of the various goods and commodities in order to increase the government revenue through he tax paid by the citizens of the country. Whereas other candidate in the debate opposes such a proposal claiming that increasing tax will result in the decrease of the production of such goods and items in the firm.

           As an economist, I conclude that there is a relation between increase in tax and the production units. when the tax of a certain item is increased, its demand decreases in the market. The buyer has to pay more money and the producer or the seller receives less money, So the product demand decreases in the market. As the demand decreases, the firms produces less number of that items. Thus there is a decrease in the supply.

There is absolutely no good reason to not conduct market research.
True
False

Answers

Answer:

false? i think

Explanation:

There is absolutely no good reason to not conduct market research. This statement is false.

What is market (in economics)?

Market is a means by which the exchange of goods and services takes place as a result of buyers and sellers being in contact with one another, either directly or through indirectly agents or institutions. Markets in the most literal and immediate sense are places in which things are bought and sold. In the modern industrial system, however, the market is not a place it has expanded to include the whole geographical area in which sellers compete with each other for customers.

Types of markets

(1) perfect competition, (2) pure monopoly, (3) monopolistic competition, and (4) oligopoly.

Perfect competition market- In a perfectly competitive market, firms sell their products at prices determined solely by forces beyond their control. Because the products are very similar and each firm contributes only a small amount to the total quantity supplied by the industry, price is determined by supply and demand.  A monopolistic market is a theoretical condition that describes a market where only one company may offer products and services to the public. A monopolistic market is the opposite of a perfectly competitive market, in which an infinite number of firms operate. Oligopoly market arises when a small number of large firms have all or most of the sales in an industry. Examples of oligopoly abound and include the auto industry, cable television, and commercial air travel.

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The type of work you do to earn a living is called A. Occupation B. Skills C. Identity B. Dignity

Answers

Answer:

occupation

Explanation:

If there is always a three-for-one tradeoff between goods X and Y, then the PPF between X and Y is:_______
a. a downward-sloping curve that is bowed outward.
b. a downward-sloping curve that is bowed inward.
c. a downward-sloping straight line.
d. an upward-sloping straight line.

Answers

Answer:

c. a downward-sloping straight line.

Explanation:

In case when there is a three for one tradeoff lies between the X goods and Y goods so the curve of PPF should be fall sloping contains straight line. This slope should be downward as it generated more and more of one goods and it could be sacrificed for the other good and the reason of the straight line is that here the opportunity cost would remain the same or constant

Therefore in the given case, the correct option is C.

A straight line, downward - sloping demand curve often mean that, as price falls, there is an elasticity of demand. If there is always a three-for-one tradeoff between goods X and Y, then the PPF between X and Y is a Downward-sloping straight line.

Trade-off is simply known as a situational decision. It is simply the reduction of one quality, quantity, or property so as to get gains in other areas.

It is simply known as where one thing increases, another have to decrease. it often arise from limitations of a lot of source.

It is often called a tactical or strategic choice made with full knowledge of the advantages and disadvantages of each decision.

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When an sbu has become a _____________, it is essential to either invest in it heavily to gain better market share, acquire competitors to get the necessary market share, reposition its products, or drop it?

Answers

Answer:

problem child

Explanation:

A problem child is a business-related term that is used to describe a situation in which there is a form of low market share but in an increasing and quick thriving enterprise or industry at large.

Hence, in this situation, the correct answer is a PROBLEM CHILD.

Given that when an SBU has become a PROBLEM CHILD, it is essential to either invest in it heavily to gain better market share, acquire competitors to get the necessary market share, reposition its products, or drop it.

When the government attempts to improve equality in an economy the result is often?

Answers

Answer:

a reduction in efficiency

Explanation:

         The term "economy" was coined from Greek, meaning 'the one manages a household.'  Economy primarily deals with the concept of scarcity. An item is considered as a scarce in the society when all in that society cannot posses or have all of that they want of the item.

         And efficiency means the society is getting most of it from the scarce item in the market. The government policies are designed to tradeoff between the equity and efficiency. The government always attempts to increase the equality and to decrease the efficiency in an economy.  

What is the difference between human capital and capital goods?

Answers

Answer:

Capital goods are different from financial capital, which refers to the funds that companies use to grow their businesses. Natural resources not modified by human hands are not considered capital goods, although both are factors of production. ... That means capital goods do not directly create revenue like consumer goods. Physical capital implies the non-human assets of the company, such as plant and machinery, tools and equipment, office supplies etc. that help in the process of production. Human capital refers to stock of knowledge, talent, skills and abilities brought in by the employee, to the organization. Human capital is the economic value of the abilities and qualities of labor that influence productivity. These qualities include higher education, technical or on-the-job training, health, and values such as punctuality. Investment in these qualities improves the abilities of the labor force.

when would you write a report

Answers

Answer:

You write a report when u r being asked.

Explanation:

hope that will help you.

Which best summarizes the purpose of a W-4 form?
1. It helps determine the amount of taxes withheld from an individual's paycheck.
2. It helps determine when taxes are due and if money is owed to the IRS.
3. It helps determine whether a person has dependents who must also pay taxes.
4. It helps determine when a person needs to pay local income taxes.

Answers

The statement that best summarizes the purpose of a W-4 form is It helps determine the amount of taxes withheld from an individual's paycheck.

What is Form W-4?

Form W-4  provide information about employer, as well as employee's filing status and also amount to withhold from each paycheck.

It can be used to derive information about  the amount of taxes withheld from an individual's paycheck, therefore, option 1 is correct.

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The purpose of a W-4 form is it helps determine the amount of taxes withheld from an individual's paycheck. Thus, option 1 is correct.

What is W-4 form?

Employees must complete Form W-4, an Internal Revenue Service (IRS) tax form, to disclose their tax condition to their employer. Based on the employee's marital status, number of benefits and dependents, and other considerations, the W-4 form instructs the employer how much tax should be deducted from the employee's paycheck. Employee's Withholding Allowance Certificate is another name for the W-4.

Employees complete a W-4 form to inform employers of the amount of tax to deduct from their wages based on their marital status, the number of exemptions they are eligible for, the number of dependents they have, etc. The amount withheld from the paycheck is reduced when there are more allowances listed on the form. When a taxpayer's situation changes, such as when they move, they can submit a new W-4 at any time.

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The department heads of a plastics company sit down to discuss next year’s budget. Fabrication says that two of their extruders are outdated and need to be replaced. Accounting explains that without at least two more staffers, they can’t keep up with the books. Shipping wants additional funding to cover the rising cost of gasoline. Sales believes they could obtain more clients with a larger travel fund. Everyone wants a larger budget this year. Which strategy would be most effective in this situation?

Answers

Answer: Averaging

Explanation:

From the question, we are informed that the department heads of a plastics company sit down to discuss next year’s budget. We are informed that fabrication says that two of their extruders are outdated and need to be replaced; accounting explains that without at least two more staffers, they can’t keep up with the books; shipping wants additional funding to cover the rising cost of gasoline and that sales believes they could obtain more clients with a larger travel fund. It was realized that everyone wants a larger budget this year.

The strategy that'll be most effective in this situation is averaging. Averaging simply occurs when group members have to hassle, bargain and yhen negotiate before a compromise is reached. In this scenario, this will be the best option.

Milton Friedman argued that consumers are more likely to alter their behavior based on..
• changes in the unemployment rate.
• short-term changes in the economy.
• long-term changes in the economy.
• changes in the inflation rate.

Answers

Answer:

long-term changes in the economy

Explanation:

My daughter took the test and made 100

He asserted that consumers are likely to alter their behavior based on long-term changes in the economy.

Who is Milton Friedman?

He is an American economist that is popular for his contributions in the realm of monetary economics.

He is one that the stated that because of a long-term changes in an economy, there is a possibility of alteration in the consumer's behavior.

Therefore, the Option C is correct.

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Work environment includes physical and social aspects of work. true or false.

Answers

i ant good but my teacher is cool and told my the answer

Answer:

its true

Explanation:

Consider the following statements: a. Car owners purchase more gasoline from a gas station that sells gasoline at a lower price than other rival gas stations in the area. b. Banks do not take steps to increase security since they believe it is less costly to allow some bank robberies than to install expensive security monitoring equipment. c. Firms produce more of a particular DVD when its selling price rises. Which of the above statements demonstrates that economic agents respond to incentives? Group of answer choices

Answers

Answer:

All of the above.

Explanation:

In economics, it is believed that economic agents which include consumers and producers allocate their scarce resources to the utility/service, and product which would result in the biggest gain. This is done in a bid to not misallocate resources.

All the above-mentioned scenarios represent cases wherein economic agents respond to incentives. For example, in the first case, the consumers of gasoline who are the economic agents would want to allocate a lower price to get more gasoline. The extra gasoline they would get from this gas station is the incentive.

how does better equipment affect Labour productivity

Answers

Answer:

It helps get everything done faster and better.

Explanation:

If you're using good tools obviously you'll get a better outcome in a better time.

What is the customer orientation of a company, and why is it important for a
business to be customer-focused? Give an example of a real organization to
substantiate your answer.

Answers

A costumer-oriented organization places customer satisfaction at the core of each of its business decisions, it focuses on helping customers to meet their long-term needs and wants. An organization that uses this is Chron

Aptitude is the ability to evaluate your strengths and weaknesses (True or False)

Answers

Glad I can can Help!!!

Answer: True

Explanation:

Aptitude is the ability to evaluate your strengths and weaknesses. Entrepreneurship involves risk, which is both an advantage and a disadvantage. It is not necessary to determine how much money it will take to start a business because you will be able to borrow the money you need.

If satisfied with my answer please leave a review and give me brainiest :D

Answer:

False.

Aptitude is how well you are able to able to do something and the natural ability to do it

Hopefully this helps!

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Create a scenario that includes at least 3 needs and 3 wants. HELP ME WITH THIS IS FOR A Business class

Answers

A family has bought a new, luxurious house with a swimming pool and have constructed a basketball court in their huge backyard. They have filled their fridge with food like fruits, vegetables, bread and milk. They have also bought enough water bottles to last a whole week. They have arranged their clothes into the cupboards of their new rooms and have bought some pet toys and beds for their cats.

The survey that found 75% of consumers would consider going to another company after a bad customer service experience surprises some people because it seems almost too low. Why might that other 25% of consumers not be bothered by a bad customer service experience?

Answers

Answer:

They might not be bothered because nothing has happened yet.

Explanation:

The other 25 percent might not use it a lot.

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