to record a sales transaction, use:

Answers

Answer 1

To record a sales transaction, use create invoices- receive payment- make deposits.

What is sales transaction?

Sales Transaction means transactions consummated between a company and subscriber of its capital stock. It is the transfer of a company's asset to another after sales have been completed.

Hence, to record a sales transaction, use create invoices- receive payment- make deposits.

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Related Questions

Mortgage loans made to borrowers with normal credit quality, but who lack the necessary documentation of their financial circumstances typically needed to meet conforming mortgage standards would most likely be considered:

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Mortgage loans made to borrowers with normal credit quality, but who lack the necessary documentation of their financial circumstances typically needed to meet conforming mortgage standards would most likely be considered  alt-A loans.

A loan mortgage is a secured mortgage that lets in you to avail budget with the aid of using imparting an immovable asset, which includes a residence or industrial property, as collateral to the lender. The lender maintains the asset till you pay off the mortgage.Alt-A is a category of mortgages with a chance profile falling among top and subprime. They may be taken into consideration excessive chance because of provision elements custom designed with the aid of using the lender. This kind of mortgage has a tendency to be extra pricey for the borrower, as they'll deliver better hobby charges and/or fees.

Thus the answer will be Alt- A loans.

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In making the best economic choices, consumers compare the benefits of the choice to.

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In making the best economic choices, consumers compare the benefits of the choice to its cost.

What is choice?

This is the option that the consumer has considered to be the best way of satisfying his needs.

The choice of a person is a direct measurement of the benefit of the good and the cost that they can offer up for that good.

Therefore, in order to make the best economic choice, the benefits of a good must be compared to cost.

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During September at Renfro Corporation, $65,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $4,000. The journal entry to record this requisition would include a debit to Manufacturing Overhead of

Answers

Based on the amount of raw materials requisitioned, the journal entry to debit the Manufacturing Overhead would be $4,000.

What amount would be debited to manufacturing overhead?

The manufacturing overhead is for expenses that are not directly involved in the manufacturing process.

This is why it is the indirect material amount of $4,000 that will be debited to the manufacturing overhead account.

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What is the main benefit of the dsu for team members

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The DSU is important for team members to out their thoughts and idea together.

What is Daily Stand-Up (DSU)?

This is a particular time and place members of a team or organization meet to discuss and make critical decisions.

It helps them to organize their thoughts and ideas together.

Therefore, the DSU is important for team members to out their thoughts and idea together.

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a certain value has a standardized score = 1.75. how many standard deviations from the mean does this value fall? is this value greater than or less than the mean?

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Based on the fact that the value has a standardized score of 1.75, this means that the value is 1.75 greater than the mean.

What is a standardized score?

The standardized score of a value is meant to show the value's position relative to the mean value of the data set.

A value with a standardized score of 1.75 is therefore 1.75 standard deviations above the mean.

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pinnacle Corp. budgeted $262,220 of overhead cost for the current year. Actual overhead costs for the year were $257,640. Pinnacle's plantwide allocation base, machine hours, was budgeted at 45,150 hours. Actual machine hours were 53,260. A total of 97,480 units was budgeted to be produced and 98,000 units were actually produced. Pinnacle's plantwide factory overhead rate for the current year is: a.$2.69 per machine hour b.$5.71 per machine hour c.$5.81 per machine hour d.$2.64 per machine hour

Answers

The answer should be A

Education required for an animator

Answers

Answer: A bachelor's degree in an art related field

Explanation: Like most art related careers, you need a strong art portfolio to getting an art related job.

Changing the business task involves defining a new _____.

Answers

Changing the business task involves defining a new question or problem to be solved.

What is involved in changing business tasks?

The process of changing the business task involves these steps:

Assessment of what needs changingPreparation of the business for changeExecution of the changes.

It has been discovered that during the assessment step, customers and competitors should be coopted so that the results of data analysis can be properly verified.

Thus, changing the business task involves defining a new question or problem to be solved.

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notes payable due in six months are reported as

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A short-term liability is a payment that is due in 12 months or less. Hence notes payable due in six months is reported as a short-term liability.

What is a liability?

In the parlance of Accounting and Finance, a Liability is a financial obligation that the company owes to individuals, or organizations with which it has transactional or legal relationship.

Hence, it is correct to indicate that notes payable due in six months is reported as a short-term liability.

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Which of the following is not an advantage of owning mutual funds? A. All of the options are advantages of mutual funds. B. They offer small investors the benefits of diversification. C. They treat income as 'passed through' to the investor for tax purposes. D. They offer a variety of investment styles

Answers

(C) They treat income as 'passed through' to the investor for tax purposes.

What are mutual funds?A mutual fund is an investment vehicle that is professionally managed and collects money from a number of investors to buy securities. The phrase is frequently used in the US, Canada, and India, while open-ended investment companies in the UK and SICAVs in Europe are comparable global structures.Mutual fund distributions, whether made in the form of cash payments or reinvested in additional shares, must be taxed if shares are held in a taxable account. Following the end of each calendar year, the funds submit IRS Form 1099-DIV detailing distributions made to shareholders.Who are investors?A person who invests money does so in the hope of earning a profit or gaining an advantage in the future. The majority of the time, the investor purchases some kind of property using these assigned funds.What is tax?Tax compliance refers to policy actions and individual behavior aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs. A tax is a mandatory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or national). Around 3000–2800 BC, the first recorded taxation was enacted in ancient Egypt.

Therefore, "(C) They treat income as 'passed through' to the investor for tax purposes" is not the advantage of owning mutual funds.

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A company's value-creating activities can offer a competitive advantage in one of these ways. a. contribute to greater efficiency and lower costs and provide a basis for differentiation. b. contribute expense savings and enhance product exclusivity. c. reduce cost disadvantages and market price anomalies. d. contribute customer experience value and conserve operating functionality. e. contribute to competitive assets and discontinue distinctive competencies.

Answers

A company's value-creating activities can offer a competitive advantage by contributing to greater efficiency and lower costs and provide a basis for differentiation.

What is differentiation?

This is a process whereby organizations ensure that their product are recognized in the market space. The aim is to distinguish a company's product from competitors.

Hence, a company's value-creating activities can offer a competitive advantage by contributing to greater efficiency and lower costs and provide a basis for differentiation.

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1. what would be the revised net operating income per month if the sales volume increases by 70 units? 2. what would be the revised net operating income per month if the sales volume decreases by 70 units? 3. what would be the revised net operating income per month if the sales volume is 6,500 units?

Answers

The revised net operating income per month if the sales volume increase by 70 units is $32740.

How to calculate the operating income?

The revised net operating income per month if the sales volume increase by 70 units will be

Sales = 7370 × 31 = $228470

Less: Variable expenses = 7370 × 19 = $140030

Contribution margin = 7370 × 12 = $88440

Less: Fixed expenses = $55700

Net operating income = $32740

When there's a decrease, this will be:

Sales = 7230 × 31 = $224130

Less: Variable expenses = 7230 × 19 = $137370

Contribution margin = 7230 × 12 = $86760

Less: Fixed expenses = $55700

Net operating income = $31060

The revised net operating income per month if the sales volume is 6,500 units will be:

Sales = 6500 × 31 = $201500

Less: Variable expenses = 6500 × 19 = $123500

Contribution margin = 6300 × 12 = $78000

Less: Fixed expenses = $55700

Net operating income = $22300

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Perceived value and signaling value are often an important part of a successful differentiation strategy because a. of the standardization of buyer needs and preferences. b. buyers seldom will pay for value they don't perceive, no matter how real the value of the differentiating extras may be. c. buyer satisfaction cannot be achieved until a product's value is promoted through clever ads. d. differentiation is all about selling products to sophisticated buyers. e. there are no other ways to differentiate a product.

Answers

Perceived value and signaling value are often an important part of a successful differentiation strategy because b. buyers seldom will pay for value they don't perceive, no matter how real the value of the differentiating extras may be.

What is differentiation strategy?

A differentiation strategy can be regarded as an approach to businesses  which is used by the  company to make them unique so as to be able to withstand their competitors may offer in the marketplace.

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suppose the equilibrium price of oranges is $2.00 per pound. if the actual price is above the equilibrium price a:

Answers

If the actual price is above the equilibrium price, a surplus exists and the price falls to restore equilibrium.

What is law of supply and demand?

The law of supply states that when the price of a product changes in a particular direction, the quantity supplied by the producer also changes in a similar direction.

Note that the market price is more than the equilibrium price, the quantity demanded will be lower than the quantity supplied leading to a surplus and price falling to restore equilibrium.

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The size of the money multiplier is: Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices not fixed but depends on how much of their assets banks want to hold as reserves. not fixed but depends on interest rates. not fixed but is set by the Federal Reserve. equal to 2.

Answers

The money multiplier in the United States is not fixed but is set by the Federal Reserve.

What is the money multiplier?

It is a figure that measures the total amount of money that can be derived from a single deposit into the financial system.

It is set by the Fed though indirectly when the Fed sets the required reserve ratio. This is because the money multiplier is calculated as:

= 1 / required reserves

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A firm operating in a perfectly competitive market is a price taker because:

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Firms in perfectly competitive markets are considered price takers because they do not set the price of their goods and services.

What is a price taker?

This refers to a supplier who does not set the price at which they sell their own goods and services but rather takes the price set by the market.

Perfectly competitive markets are like this because suppliers have to face a lot of competition.

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what statement best explains why the supply curve is upward sloping?

Answers

The statement that best explains why the supply curve is upward sloping is: as the price increases quantity supplied increases.

What is supply curve?

Supply  curve can be defined as the amount of goods and service produce  and supplied at a particular period of time.

When the  supply curve slopes upward this tend to means that as the price rise  quantity supplied  will as well increases or rise . This occur when higher prices of goods and service tend to offer higher profits.


Therefore the statement that best explains why the supply curve is upward sloping is: as the price increases quantity supplied increases.

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Sales made on account are recorded with a debit to Accounts Receivable and credit to Sales Revenue for the price times the quantity. Management knows that some of those accounts will not be collected but is unsure which specific customers it will be. Thus, management estimates the amount and records an adjusting entry. Later, when the specific non-paying customer is identified, it writes off the account. The effect of the write off on the accounting equation is to _____. Multiple choice question. increase one asset and decrease another increase assets and stockholders' equity increase liabilities and decrease stockholders' equity reduce assets and stockholders' equity

Answers

The correct answer is option A. The effect of the write-off in the accounting equation is to increase one asset and decrease another.

What is a write off in accounting?

This is a term that is used to refer to the removal of all accounts that are uncollectible for the general ledger of the business.

It is a write off when a person is not able to carry out all of the obligations that they are supposed to do.

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An expansionist strategy in regards to capacity is best characterized by Group of answer choices making small, frequent jumps in capacity expansions. using capacity as a competitive weapon in order to compete on cost. willing to use short-term options (e.g., overtime, subcontracting) to meet the demand that exceeds capacity. reducing the risks of over-optimistic demand forecasts.

Answers

An expansionist strategy in regards to capacity is best characterized by A. making small, frequent jumps in capacity expansions.

What is an expansionist strategy?

An expansionist strategy is a growth strategy aimed at:

Achieving faster growthEarning higher profitsCompeting more favorablyRapidly growing a brandCapitalizing on economies of scale.

An organization can use these growth strategies to expand its operations:

Market penetrationProduct developmentMarket expansionDiversification.

Thus, an expansionist strategy in regards to capacity is best characterized by A. making small, frequent jumps in capacity expansions.

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Judy's Boutique just paid an annual dividend of $2.35 on its common stock. The firm increases its dividend by 3.15 percent annually. What is the company's cost of equity if the current stock price is $38.44 per share

Answers

The company's cost of equity is 9.45%

Given that

Annual dividend paid, D0 = $2.35

Dividend growth rate, g = 3.15% = 0.0315

Current stock price per share = $38.44

Now,

Current price of share = D1 ÷ (r - g) -(1)

Here,

r is the required rate of return

D1 = dividend at year 1 =  D0 × (1 + g)

= $2.35 × (1 + 0.0315)

= $2.424045

Therefore, from (1) we get

$38.44 = $2.424045 ÷ (r - 0.022)

(r - 0.0315) = 0.063060

r = 0.063060 + 0.0315

r = 0.09456

r = 0.0945 × 100% = 9.45%

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________, which are incurred when pursuing a related-diversification strategy, are a function of the number, size, and types of businesses that are linked to one another.

Answers

coordination costs which are incurred when pursuing a related-diversification strategy, are a function of the number, size, and types of businesses that are linked to one another.

What are coordination costs?

This is the term that has to do with the type of costs that people come about through the fact that they collaborate.

Firms are made to work together so that they would be able to carry out an activity.

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what are the three areas on the dashboard that let you find and perform every feature and function you need in quickbooks online?

Answers

The  three areas on the dashboard that let you find and perform every feature and function you need in QuickBooks online are:

Navigation bar top Navigation bar Gear menu

What are the  areas on the dashboard on QuickBooks that allows feature and function?

The dashboard which is online area where your website data is been displayed and on the QuickBooks , there is a navigation bar that help the movement from one data to another.

The top menu bar also posses its function to help the user to be able to enjoy the dashboard.

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Business is a social process . Discuss​

Answers

Answer:

Business is a social process. a single person cannot run a business, there are many single owner but they also need other person's help or market help for their business survival. ex help of the resources,if the business is product based or help of customer If it is service based. all this things work together. the whole economy works together. so it is a social process .

Answer:

Technology aligned solutions integrating the functions and processes of hardware , software , telecommunications and networks . From basic internet connectivity to software development , w provide all kind of technological services based on the type of industry.

Explanation:

Hope this help BLINK!

a. what happens to the number of sandwiches and ice cream cones consumed if the price of ice cream cones rises to $2 a piece?

Answers

The number of sandwiches and ice cream cones consumed will reduce if the price of ice cream cones rises to $2 a piece

Why will the number of sandwiches and ice cream reduce?

The number of sandwiches and ice cream will decrease this is because according law of demand at a higher price the quantity demanded for the goods is reduced. People tend to buy more commodity when the price is reduced.

Therefore, The number of sandwiches and ice cream cones consumed will reduce if the price of ice cream cones rises to $2 a piece

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If the number of sandwiches and ice cream cones consumed if the price of ice cream cones rises to $2 a piece, income and substitution effects will take place.

What is income and substitution effects?

Income effect is the change in the consumption pattern of consumers based on their income at a particular time.

Substitution effects is the change which occurs when consumers replace expensive goods with cheap goods as a result of changes in price and income.

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In the context of the elements of scientific management, time and motion studies focus on: group of answer choices designing different types of activities to overcome the boredom of overspecialized work. increasing the amount of job responsibility through vertical loading. the inclusion of motivation and hygiene factors that affect job satisfaction. the efficient use of labor to the economic benefit of a corporation.

Answers

The time and motion studies In the context of the elements of scientific management focus on the efficient use of labor to the economic benefit of a corporation.

What is the aim of time and motion studies?

This management studies helps to find a more effective and efficient ways for the workers to do their specific tasks.

Hence, the time and motion studies In the context of the elements of scientific management focus on the efficient use of labor to the economic benefit of a corporation.

Therefore, the Option D is correct.

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Outline TWO benefits of using the FIFO system for Mcdonald’s

Answers

There are several benefits for McDonald's by using FIFO methods. Here we will discuss some of them: better food hygiene, which gives more customers satisfaction; easier to reduce products near their end-date—resulting in more sales and less waste;

What is FIFO?

FIFO is a measuring tool for inventory valuation or management. In this, we have sold the goods which come first. This is called a FIFO, which is known as First In First Out.

Thus, McDonald's using the FIFO method gets such benefits as better food hygiene, which gives more customer satisfaction; easier to reduce products near their end-date – therefore more sales and less waste.

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The owner of a national software company has been watching current economic information for the past two quarters and a rapid rise in demand for its software suites. Last month 30 new software engineers were hired to meet the demand. Even though these new hires will finish their project work in a few months, the owner plans to retain them in anticipation of future demand. Why is the owner making these type of decisions for the long-run

Answers

The owner is making this long-run decision based on his rational expectations of economic growth to meet future demands.

What are long term decisions?

They are a strategic process that means designing an economic scenario based on perspectives, vision and organizational goals, with short-run decisions being the actions present to achieve long-run objectives.

Therefore, the owner is making long-run decisions in line with his expectations for the future of the business by looking at the current economic scenario.

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You market many different types of insurance and ordinarily you spend time each evening calling potential clients. To comply with requirements for marketing medicare advantage and part d plans, what must you do about contacting potential clients to market those plans?.

Answers

You have to avoid calling potential clients unless they initiate contact with you and specifically request that you give them a call.

What is a health care plan?

A health care plan refers to a medical plan for the medical care of a particular patient which covers a part or whole risk of the medical expenses incurred such as Medicare.

In this scenario, we can reasonably infer that as a marketer, you should avoid calling potential clients to market those medical plans, unless they initiate contact with you and specifically request that you give them a call.

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In response to ______ discrimination, congress passed the equal credit opportunity act.

Answers

In response to credit discrimination, congress passed the equal credit opportunity act. Read below about Equal Credit opportunity.

What is Equal Credit opportunity?

The Equal Credit Opportunity Act (ECOA) is a United States law which was enacted on 28 October 1974.

What is the provision of the Equal Credit Opportunity Act?

The act makes it unlawful for any creditor to discriminate against any applicant, with respect to any aspect of a credit transaction, on the basis of race, color, religion, national origin, sex, marital status, or age.

Therefore, the correct answer is as given above.

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33. when advertisers use extremely attractive models to demonstrate products, they are relying, in part, on the power of ____ to change consumers' attitudes.

Answers

When advertisers use extremely attractive models to demonstrate products, they are relying, in part, on the power of b. classical conditioning to change consumers' attitudes.

What is classical conditioning in advertising?

Classical conditioning in advertising is the use of positive features that create an atmosphere of enjoyment so that consumers are forced to associate good feelings and having fun with the product.

Classical conditioning creates an unconditioned stimulus (US) and the unconditioned response (UR).

a. observational learning

b. classical conditioning

c. reinforcement

d. punishment

Thus, when advertisers use extremely attractive models to demonstrate products, they are relying, in part, on the power of b. classical conditioning to change consumers' attitudes.

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What is the difference between an expression and an equation? (3x + 2y = 7(7x-2y = 3 please who can give me the definition of density in terms of Archimedes principle. Why does the old grandmother rebuke the girl for not speaking?(10 Points)She was not in bed when grandmother went to wake her.The stranger has promised to make them rich with money.She is being rude to the stranger because she no longer likes him.She returned home pale, and her dress was torn and dirty. What is the distance from -5 to 0?0, because 151=0O 5, because 1-51=5O5, because 1-51=-5O-5, because 1-51 = -57 of 23 QUESTIONSSUBMIT Calculate the following limit:[tex]\displaystyle \lim_{x \to \infty}{\dfrac{\log(x^8 - 5)}{x^2}}[/tex] A production manager is looking for new sources of raw material because he is concerned about the effects of a long-term drought. this manager is engaging in Which detail best describes this map?shows isolines and isobarsshows types of precipitationwas created for newspapersis probably not used to make forecasts PLEASE HELP In one short paragraph below (5 sentences), analyze the Logos, Ethos, and Pathos within ONE of the OTHER SECTIONS of the text you focused on. What IS the truth of that scene? How do you know this to be a CREDIBLE narrator? Describe the EMOTION (or even LACK OF) of the characters/scene. Be sure to use quotes! Logos - Truth which can be backed up with EVIDENCE (quote) Ethos - CREDIBILITY of the narrator Pathos - EMOTION expressed in the narrativeThe excerpt from The Things They CarriedBy Tim OBrien A financial statement that has a date line similar to "For the month ended June 30, 20XX," is a(n): settled territorial disputes between European nations Which of the following is most likely the next step in the series? A person drops off a prescription for a beneficiary who is a regular customer. The prescription is for a controlled substance with a quantity of 160. This beneficiary normally receives a quantity of 60, not 160. You review the prescription and have concerns about possible forgery. What is your next step?. A knowledge management system should help an organization: De-Escalation Test 1. Stress and change is typically the main reason for most workplace violence? True or False 2. Stress can be caused by an individuals experience that is often sudden or unwanted? True or False 3. Typically, aggressive people want something, the key to successfully de-escalating the situation is to try to figure out what it is they want. What should you do to understand the behavior? a) Pay close attention to what is being said & what they are doingb) Test to see if they understand the message you're trying to convey. Put in their own words & use words & convey respectc) Try to identify the real issue, put loose ends together, & ask questions to seek more informationd) Inform the individual to calm down and relaxe) option a, b and c 4. For intimidating threats, workforce can use non-verbal and para-verbal techniques? True or False 5. Self-Awareness is important in de-escalation to identify your own feelings as it could impact your para-verbal techniques? True or False 6. Para-verbal techniques include:What you say and how you say it, Tone of voice, Volume and speed of voice, Being respectful and Empathize ? True or False 7. Appropriate non-verbal de-escalation techniques include: Appearing calm and collective, Standing over the other person to be higher than eye level and Using hand gestures ? True or False8. If an individual is mentally impaired, their threats are not considered workplace violence and should not be reported? True or False9. If an individual is exhibiting violence, workforce members should move back, exit the immediate area and secure the safety of self and others? True or False if sin theta=-3/5 in quadrant III what is cos theta Lyle wants to write an essay about how the government should cut back on some of its current expenditures on space exploration. He wants to acknowledge that NASA has made several achievements related to space exploration and that those achievements have played a significant role in boosting the morale of the country. He also wants to emphasize that space exploration is less significant than a host of everyday issues the country faces. He wants to suggest that redirecting some of the funds spent on space missions to fields such as education or medical research would be more beneficial to humanity. Given Lyle's ideas for his essay, which of the following is the best thesis statement?A.Although space exploration is not a profitable venture, it is necessary for humanity to understand the universe.B.Space exploration is a waste of money and resources, but NASA should continue to fund its next planned mission to Mars.C.While it is not advisable to stop space exploration entirely, the government should prioritize spending on important issues where the benefits may be more tangible.D.Space exploration acts like a magnet, pulling away both intellectual resources and the tax payer's dollars only to produce inconsequential results.E.Before trying to unravel the mysteries of space, we should learn about our own planet. Triangle U S T is shown. Angle U S T is 100 degrees. The length of U S is 9, the length of S T is 10, and the length of U T is s.Which equation correctly uses the law of cosines to solve for the length s?92 = s2 + 102 2(s)(10)cos(100)9 = s + 10 2(s)(10)cos(100)102 = s2 + 100 2(s)(10)cos(100)s2 = 92 + 102 2(9)(10)cos(100) A hot-air balloon has a pressure of 0.715 atm while the temperature outside is 200C. What will the pressure be if the temperature drops to 5C while the volume remains constant?1.12 kPa11.2 atm1203 atm1.12 atm Using a ph meter, you find the ph of an unknown solution to be 8. 0. How would you describe this solution?.