what is the book of first entry​

Answers

Answer 1

Answer:

Journals

Explanation:

“books original entry refers to the accounting journals in which business transcriptions are initially recorded the information in these books are summarized and posted into a general ledger from which financial statements are produced"


Related Questions

I am Stuck Please Help
Interview five family members or friends. Ask them how many vegetable snack packs they would buy in a seven-day week at these prices: $2.75, $3.25, $4.75, $5.25, and $6.00. Make a table to record the quantities of snack packs they would purchase at each price. Give at least two reasons why you think the price of a product might vary.

Give at least two reasons why a consumer might buy more or less of something depending on the price. Write two paragraphs discussing the relationships between price and demand, and supply and demand.

Ask at least five people of various ages the following questions: Do you believe the economy is in dire straits? Why or why not? What do you see as the outcome of the current downturn? How are you directly affected, and what worries you about the state of the economy? Do you believe it can be "fixed"? If so, how?

Answers

Answer:

Explanation:

In other words, the higher the price, the lower the quantity demanded. The amount of a good that buyers purchase at a higher price is less because as the price of a good goes up, so does the opportunity cost of buying that good.

When a line cook in a restaurant uses raw meat to cook a hamburger that becomes part of the restaurant's Super Burger Special, the cook is taking part in a

Answers

Answer:

Transformation process.

Explanation:

When a line cook in a restaurant uses raw meat to cook a hamburger that becomes part of the restaurant's Super Burger Special, the cook is taking part in a transformation process.

A transformation process can be defined as the capabilities possessed by an organization, which are then integrated into technology, internal processes, and management, for the singular purpose of converting inputs into outputs in order to meet the needs or requirements of their customers.

In this scenario, the cook uses raw meat as an input in the creation of an output, which is the restaurant's Super Burger Special.

Six equal partners own a local pizzeria. The partners have made a tremendous profit and bought many personal items such as cars, boats, new homes, and so on. In order to protect their personal possessions, they decide to incorporate the pizzeria, so that the six partners own shares in the corporation and have limited liability. The business is worth $675,000. After an accident, the partners lose a lawsuit and have to pay $1.2 million in damages. How much money will each partner personally lose to pay this lawsuit

Answers

The amount of damage payable by each partner individually is $112,500 because their loss is limited to their maximum shares.

Given data

Number of partners in Pizzarie is 6 with all having equal shares.

Value of business is $675,000

Total Damage $1.2 million

Hence, the money to be paid by each partners individually is:

= $675,000 / 6

= $112,500.

In conclusion, the amount of damage payable by each partner individually is $112,500 because their loss is limited to their maximum shares.

The stock market represents small businesses. A. True B. False

Answers

I would say the answer is Falsr

Kala's family is shopping for a large screen TV. The TV they decided on has a retail price of $1,000 at four stores. The
state sales tax is 5%. Each store is offering a different sales promotion, as listed in the table.
Store
A
B
Promotional Offer
$80 rebate
10% discount on price
Store pays all sales tax
$40 rebate with store paying half of sales tax
С
D
Which store has the best deal?
O store A
store B
O store C
O store D
Save and Exit
Next
Submit
Mark this and return

Answers

Sorry this is late but here is the answer...

Answer:

Store B.

Explanation:

Kala's family will get more of a discount at store B. Store B has the 10% off while the competitor stores gave "weaker" deals. Store D has a $40 rebate with a tax. So her family won't go there. Rebates aren't the best option because you have to pay the full amount by a certain time where as a discount, you pay everything there on time. So, the answer is B. I hope this helps.

Answer:

STORE B.

Explanation:

THANKSS!!!

Which is an example of E-commerce? A. Hot dog stand B. Cable company C. Online boutique D. Car wash

Answers

An example of an E-commerce is an online boutique.

What is E-commerce?

E-commerce is a business that exists online. For example, if a person establishes sells items on a website or on a social media platform, the person is operating an e-commerce. An example of an e-commerce business is ASOS.

To learn more about e-commerce, please check:

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Suppose the government requires beer drinkers to pay a $3 on each case of beer that they purchase. a. Illustrate the market for beer without the tax. Show the price the buyers pay, the price the sellers receive, and the quantity bought and sold without the tax. b. Now illustrate the market for beer with the per-case tax on consumers. Show the price paid by consumers, the price received by sellers, and the quantity bought and sold with the tax. c. Indicate where one can find the amount of producer surplus in the market with a tax. What about consumer surplus

Answers

Explanation:

a).In the following graph, [tex]$ D_0 \text{ and}\ S_0 $[/tex] are the pre tax demand the supply curve that intersects at the point A with price [tex]$P_0$[/tex] (the price paid by the buyers = price received by sellers) and the quantity [tex]$Q_0$[/tex]  (quantity bought = quantity sold)

b). The tax on the consumers will decrease the demand of the beer shifting the demand curve leftwards from the [tex]$ D_0 \text{ and}\ D_1 $[/tex]  intersecting point [tex]$S_0$[/tex] at point B. Price paid by the buyers is point [tex]$P_1$[/tex], price received by the producers is [tex]$P_2$[/tex]  and the tax per unit is [tex]$(P_1 - P_2)$[/tex] , which is equal to the vertical distance BC. Quantity bought and sold is lower at [tex]$Q_1$[/tex].

c). Producer surplus is the area between supply curve and the price received by the producers, which is equal to the area [tex]$P_2BE$[/tex]. And the consumer surplus may be the area between the price paid by the consumers and the demand curve, and is equal to the area [tex]$P_1CD$[/tex].

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

Answers

Answer:

sales cr profit cash dr

Ethical standards in business are principles or codes for how a business conducts itself with ___, customers, and the public.

A. Other businesses
B.Employees
C.the government
D.charity organizations

Answers

Answer:

B. Employees

Explanation:

The correct answer is B)Employee’s hope this helps.

Taking an online class doesn’t require any special skills.
a) true
b) false

Answers

Answer:

b) false

Explanation:

Taking an online class requires Primary Technology Skills. These skills help both the educator or teacher and the students to know how to navigate through the computer working space environments and the web or internet-enabled applications that are necessary for the online class.

Some of the primary technology skills needed include the following:

1. Skills in Word Processing.

2. Skills in Spreadsheets.

3. Electronic Presentation Skills.

4. Web Navigation Skills.

5. Skills in E-Mail Management.

Hence, the correct answer is FALSE

Answer:

b false

Explanation:

Differentiate among the following.
a. full warranty:
b. limited warranty:
c. implied warranty:

Answers

Full Warranty means the coverage meets the federal minimum standards for comprehensive warranties, while "Limited Warranty" means the coverage does not. ... This is an example of a full warranty. It specifies that the customer has a right to a replacement or a refund if repairs are not possible.

hello im Michal the fox how may tails i have three,two or,four

Answers

Answer:

2

Explanation:

According to the systems perspective, transformational processes are responsible for turning:_____.

Answers

Answer:

inputs into outputs

Explanation:

According to the systems perspective, transformational processes are responsible for turning inputs into outputs.

What is perspective?

The term perspective refers to the art or technique of painting or drawing a scene so that objects in it seem to have depth and distance. A particular way of considering something or to think about a situation or problem in a wise and reasonable way. Perspective is the way individuals see the world.

According to the viewpoint, transformation processes are in charge of turning off the process's input and output. A process is defined as any activity or collection of activities who takes one or more inputs, perspective and contributes to them, and produces outputs for consumers or clients.

As a result, the perspective, transformational processes are responsible for turning inputs into outputs.

Learn more about on perspective, here;

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The process by which prospective buyers "internalize" or consider the information presented by the salesperson is referred to as a black box because:A. sales actions lead to buyer reactions.B. salespeople cannot read a buyer's mind.C. psychological needs outweigh social wants.D. for every stimulus, there must be a response.E. salespeople seem untrustworthy to most buyers.

Answers

Answer:

B. salespeople cannot read a buyer's mind

Explanation:

Since in the question it is mentioned that the prospective buyer or the buyer who wants to purchased considerd that information which is presented by the seller that called as a black box as the sales people is not able to read the purchaser mind as they are also a human and they dont know what actually the buyer wants until the buyer didnt tell them about their need

Therefore, the correct option is B.

What is the first step in amending the Texas Constitution?

Answers

Answer:

The answer is below

Explanation:

According to Article 17 of the Texas Constitution which is otherwise known as "Mode of Amending the Constitution of This State"

The first step in amending the Texas Constitution is that the Texas State Legislature must make a proposition of the amendment in a joint resolution, involving both the Texas State Senate and the Texas House of Representatives. This joint resolution, however, can emerge in either the House or the Senate.

What is scarcity? I need to know

Answers

Answer:

being in short supply of something

Answer: An inadequate amount of something; a shortage.

Scarcity means to be on low of something. So if you were low on stuff in your house like paper towels that means you have a shortage of something.

If the price elasticity of supply is 0.75, then when the price of Good Y falls by 10 percent, the quantity supplied of Good Y:________.
A) rises by 7.5 percent.
B) rises by 133 percent.
C) falls by 7.5 percent.
D) falls by 133 percent.

Answers

Wait I did This let me go get the answer rq so I can answer this question rq

Kahlil, a marketing CEO, usually arrives at the office before others, catches up on emails and other correspondence, and keeps his office neat and clean. Furthermore, Kahlil keeps his door open and encourages suggestions from his team. He leaves office at 5:00 p.m., does not bring work home, and makes sure he participates in all workplace activities. How do leaders such as Kahlil nonverbally communicate the organization’s culture? By acting as role models, coaches, and teachers By using their criteria to reward others By using their criteria to recruit and promote By adequately reacting to major events and crises

Answers

Answer:

By acting as role models, coaches, and teachers

Explanation:

Remember, we are told that as the CEO, Kahlil does certain things not just only telling things to his staff.

Thus, by doing such tasks as keeping his office neat and clean and not bringing work home, he is nonverbally communicating the organization’s culture to his staff; which makes him a  role model, a coach, and teacher to his staff.

A company is doing business with a German entity and, as a result, has entered into a forward exchange contract on December 18, year 2, under which it will purchase 300,000 Euros on February 18, year 3. Relevant exchange rates are as follows: Spot rate Forward rate for 2/18, year 3 November 18, year 2 $1.27 $1.30 December 18, year 2 1.32 1.25 December 31, year 2 1.35 1.31 February 18, year 3 1.37 The company purchased printing supplies from a German supplier on November 18, year 2, on 90 day terms, and is required to pay 300,000 Euros on February 18, year 3. When the exchange rate increased on December 18, the company decided to enter into the forward exchange contract, which was not designated as a hedge. What amount of foreign currency gain or loss should be recognized in income on December 31, year 2

Answers

Answer:

$18,000 gain

Explanation:

Calculation for the amount of foreign currency gain or loss that should be recognized in income on December 31, year 2

Since Forward rate was given as:

December 18, year 2 $1.25

December 31, year 2 $1.31

Which means we have to Deduct the forward rate of December 18, year 2 which is $1.25 from the forward rate of December 31, year 2 which is $1.31 and then multiply it by the amount in which forward rate was purchased which is 300,000 Euro which will in turn give us the amount of foreign currency gain that should be recognized in income on December 31, year 2

Now let calculate

Forward rate December 18, year 2 $1.25

Less Forward rate December 31, year 2 $1.31

=$0.06 gain per Euro

Now let calculate for the amount of foreign currency gain that should be recognized in income on December 31, year 2

Hence,

Forward rate purchased amount 300,000 Euro ×$0.06 gain per Euro

=$18,000 gain

Therefore the amount of foreign currency gain that should be recognized in income on December 31, year 2 will be $18,000 gain.

When irobot introduced new robot models that would clean gutters and mop​ floors, this innovation represented which type of market growth​ strategy?
a. Diversification
b. Product development
c. Market segmentation
d. Market development
e. Market penetration?

Answers

Answer:

b. Product development

Explanation:

When irobot introduced new robot models that would clean gutters and mop​ floors, this innovation represented the product development type of market growth​ strategy.

The rules an organization establishes to guide behavior are called
A. respect
B. crimes
C. laws
D. ethics

Answers

Answer:

ethics

Explanation:

Answer:D

Explanation:a p e x

What term is used to describe an experiment run by an ad agency where the ad agency will recruit consumers to come watch a tv series and commercials? The consumer will then answer questions abiut the ads and the agency uses respinses to determine how well the ads will do in the real world

Answers

Answer:

Copy testing.

Explanation:

Copy testing is a term used to describe an experiment run by an ad agency, where the ad agency will recruit consumers to come watch a tv series and commercials. Sequel to this, the consumer will then answer questions about the ads and the agency uses responses to determine how well the ads will do in the real world.

Hence, copy testing refers to the assessment of the efficacy or effectiveness of an advertisement based on set of consumer behavior, responses or feedback before it is then officially aired or transmitted on the predetermined advertising channel.

Hellllllo mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmoooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo

Answers

The answer to your question would be : Hello ! :)

After a long thought process regarding this question, I concluded that this would be the only acceptable response.

Hillary’s family is thinking of relocating to a different city to save money. They set up a budget comparing the cost of living in four cities.

Answers

Answer:

I think the answer is Santa Fe

Explanation:

One element of ethical research consists of being open minded while researching and ensuring that data is leading your thoughts and not your own bias. Choose the element of ethical research that best describes these ideals.

Answers

Answer:

Objectivity

Explanation:

Objectivity as an element of ethical research requires a researcher to carry out the full research study or experimentation right from the design stage to the final analysis or interpretation to be free of any form of bias towards the outcome of the research study, findings or conclusion.

Hence, in this case, the element of ethical research that best describes these ideals is OBJECTIVITY.

If you owe $2000 on a credit card, at an 18.4% interest rate and you make $50
monthly payments, how long will it take you to pay this card off?

Answers

Answer: A

Explanation:

It will take 7.5 years

Why would a company choose to work through intermediaries when selling products in a foreign country?

Answers

Answer:

It is a way of reducing the risk and cost of operating in a foreign country. They will avoid hassles involved in international distribution and would not need to develop distribution networks.

Explanation:

Companies often use local intermediaries when they want to sell products and run operations in a foreign country.

A major reason for this is to avoid the cost of developing distribution channel from scratch. The intermediaries already have the distribution network so it is an easier option.

Also local intermediaries have the know-how to operate in the foreign country. This includes knowledge on how to access resources cheaply, sourcing for low cost labour, and navigating the political environment.

Costs such as tariffs and custom duties paid dusting international distribution are also avoided by using local intermediaries.

Provide three examples of how busineses respond to the corona pandemic as part of social responsibility

Answers

Answer:

We have to avoid our citizens for doing some wrong work

Answer:

SCARED ,PANICED ,AND LOST HOPE

BUT SOME WERE STRONG  IT JUST DEPENDS.

Explanation:

What were the main factors in both the North and South for the abandonment of Reconstruction?

Answers

Social effects were bringing families back together, the Emancipation act, and churches and schools being available to former slaves. What were the main factors, in both the North and South, for the abandonment of Reconstruction?- Land, jobs, and establishing the Bureau were the main factors for both.

Slim purchases equipment with cash. The accounts affected are:____.
A. Equipment and accounts payable.
B. Cash and equipment.
C. Cash and revenues.
D. Cash and inventory.

Answers

Answer:

Option B, Cash and equipment, is the right answer.

Explanation:

Option “B” is correct because the purchase of equipment shows that the Equipment account debit and cash account credit. Here the debit of equipment account shows that the equipment has been increased and the cash account credit means the cash has been decreased. Therefore, both accounts, cash, and equipment will be affected. The equipment account will be increased while the cash account will be decreased.

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