The following transactions were completed by the company.a. The company completed consulting work for a client and immediately collected $5,500 cash earned.b. The company completed commission work for a client and sent a bill for $4,000 to be received within 30 days.c. The company paid an assistant $1,400 cash as wages for the period.d. The company collected $1,000 cash as a partial payment for the amount owed by the client in transaction b.e. The company paid $700 cash for this period's cleaning services.Required:
Write the impact of each transaction on individual items of the accounting equation.
Answer:
The payment of cash decreases the cash account balance and increase the expenses account.
Explanation:
A) The cash earned will increase the balance of cash in the asset and the revenues of the equity will also be increased.
B) The company completed the commission work and sent a bill to the customer, the bill amount is $4,000.
C) The company paid the wages to the assistant in cash. The balance in the cash account will be reduced and the expenses account balance will be increased by $1,400.
D) The company collects the cash of $1,000 from the customer, which the customer needs to pay for the company. Therefore, the accounts receivable account will be decreased of ($1,000) and the cash account will be increased for $1,000.
E) The company paid $700 as cash for the cleaning services. Therefore, the cash account balance will be decreased and the expenses account will be added to determine the total expenses made by the company for $700.
Learn more about transactions, refer :
https://brainly.com/question/12788630
How goal succession takes place? Explain the conditions responsible for goal succession.
Which of the following control objectives is achieved by reviewing and testing control procedures over physical inventory count?
A) Validation of purchase transactions
B) Verification of existence of inventory
C) Authorization of the manufacturing orders
D) Posting and summarization of inventory transactions
Critically explain the five functions of management (200 words)
Answer:
Henri Fayol was one of the first theorists to define functions of management in his 1916 book “Administration Industrielle et Generale”. Henri Fayol identified 5 functions of management, which he labelled: planning, organizing, commanding, coordinating and controlling. Henri Fayol theorized that these functions were universal, and that every manager performed these functions in their daily work.Henri Fayol also identified 14 general principles of management and organizing, which can be read about in the article: What are Henri Fayol’s 14 Principles of Management? In part, these 14 principles give normative guidance on how managers might master and execute their 5 managerial functions effectively.
Below, a short description of the five functions is presented.
Planning
Managers must plan for future conditions, develop strategic objectives and secure the achievement of future goals. Therefore, managers must evaluate future contingencies affecting the organization, and shape the future operational and strategic landscape of the company.
Organizing
Managers must organize the workforce in an efficient manner and structure and align the activities of the organization. Managers must also train and recruit the right people for the job, and always secure a sufficiently skilled and educated workforce.
Commanding
Managers must supervise subordinates in their daily work, and inspire them to achieve company goals. Likewise it is the responsibility of managers to communicate company goals and policies to subordinates. The commanding of subordinates should always be consistent with company policies, and every manager should treat subordinates in line with the standards of the company.
Coordinating
Managers must harmonize the procedures and activities performed by the company, meaning that every activity of each organizational unit should complement and enrich the work of another.
Controlling
Managers must control that company activities are in line with general company policies and objectives. It is also the responsibility of the manager to observe and report deviations from plans and objectives, and to make initiatives to correct potential deviations.
The five functions theory of Henri Fayol is a very normative and functional view on management, and the theory might not fully convey the managerial complexities faced by managers in their daily work. As such, Henry Fayol’s five functions focus very little on informal relationships between managers and subordinates, and do not touch very much upon how to develop and maintain a motivated workforce.
The 5 functions put forward by Henri Fayol may therefore not completely represent the total complexity faced by managers, and the normative approach may be too rigid to illustrate which functions managers need to perform in modern contemporary companies and organizations. However, the 5 functions presented by Henri Fayol give a structured overview of several tasks needed to be performed by all managers, which gives managers an initial overview of which main functions they should be focusing on in their daily work.
Other theorist such as Frederick Herzberg and Elton Mayo focused more of their attention to trying to explain how people are motivated, and on which motivational factors can secure a satisfied and motivated workforce.
Explanation: this might help you and please mark me as the brainiest
A/an
is a self-employed person who agrees to work for
someone else for a fee.
A. wage-earning employee
B. salaried employee
C. exempt employee
D. independent contractor
SUBMIT
Answer:
Option C
Explanation:
make sure to follow me and mark me as the brainliest
Answer: independent contractor
Explanation: I got it right
The heat of the welding can reach about how many Fahrenheit?
Answer:
10,000 degrees Fahrenheit
which type of comprehension focuses on who, what, where,when,why
Answer:
Literal Comprehension
Mihee's old job was to answer phones in a call center. Her job was redesigned, and now she also does customer surveys. This is an example of
Answer:
Job Enlargement
hope dis helps ^-^
A financial institution and a business establish an arrangement that defines a maximum loan balance the institution allows the business to maintain. What banking service is this an example of?
a. Line of credit
b. Certificate of deposit
c. Letter of credit
d. Revolving credit
Where is Nova City Islamabad located? Also is it under progress or has the development been completed?
Answer:
Nova City is a prime location in Islamabad
Explanation:
It is a few kilometers away from the New Islamabad International Airport. It is right next to CPEC Ring Road Interchange and is at the center of twin cities.
The project is not yet launched, but the development of the infrastructure has started that will attract the investors towards the project.
Nếu tổng sản lượng quốc gia: 4.000; Thu nhập khả dụng: 3.000; Ngân sách chính phủ thâm hụt 100; Tiêu dùng của các hộ gia đình: 2.500; Cán cân thương mại thặng dư 100 thì chi tiêu của chính phủ cho hàng hóa và dịch vụ phải là bao nhiêu
Answer:
tôi không biết xin lỗi
Explanation:
tôi không biết xin lỗi
tôi không biết xin lỗi
tôi không biết xin lỗi
tôi không biết xin lỗi
tôi không biết xin lỗi
tôi không biết xin lỗi
tôi không biết xin lỗi
tôi không biết xin lỗi
tôi không biết xin lỗi
tôi không biết xin lỗi
tôi không biết xin lỗi
tôi không biết xin lỗi
tôi không biết xin lỗi
ways in which Shoprite could deal with right to dignity in the workplace
Answer:
Creating high supervision on workers routine.
Speedy has net income of $31,955, and assets at the beginning of the year of $213,000. Assets at the end of the year total $259,000. Compute its return on assets.
three reasons for the looting of shops and malls
How to deal with the new weekly invite limits?
Answer:
The new LinkedIn invite limits are affecting the marketing efforts of many businesses. However, don’t worry! There are some high-quality LinkedIn automation tools that have features to solve this problem.
Using Email Invites Send Personalized MessagesAnswer:
You're under a weekly limit of new invites.
...
You can also try:
First restriction - Wait a few hours before you try again.
Multiple restrictions a day - Wait a few days to try again. ...
If you have a lot of pending invites, withdraw all of them except the recent 500 and then try again – How to cancel sent pending invites?
what is 2 + 5
help
pls
Rico, told his subordinate, Gracie not to share an e-mail with anyone because of its proprietary information, but another manager, Nicholas, asked her to forward it to him, saying that Rico approved. Without asking for a written request. Gracie forwarded the e-mail to Nicholas. When Rico found out, he said Gracie was guilty of being insubordinate, refusing to believe her story. What was the disadvantage of the oral communication between Gracie and Nicholas?
a. The receiver of oral communication cannot sense the sender's sincerity.
b. Oral communication can lead to spontaneous emotional outbursts.
c. Oral communication provides no scope for direct and immediate feedback.
d. The receiver of oral communication has too much time to think about the message
e. Oral communication allows no scope for a permanent record of the message
Answer:
e. Oral communication allows no scope for a permanent record of the message
three reasons for looting expect political,in shoos and mall
There is NO reason to loot.
People can make thier voices heard without looting local business and larger corporations.
BREIFLY EXPAIN THE WEEKNESSES OF RSA INDUSTRAIL DEVELOPMENT ZONES
Answer:
Disadvantages
Revenue losses because of the various tax exemptions and incentives.
Many traders are interested in SEZ, so that they can acquire at cheap rates and create a land bank for themselves.
The number of units applying for settimg up EOU's is not commensurate to the number of applications for setting up SEZ's leading to a belief that this project may not match up to the expextions.
Hope it helps you.a method for screening applicants and identifying the most appropriate candidate is called what?
recruiting
advertising
the selection process
performance appraisal.
Answer:
the selection process is the ans
An organization that provides goods and services while seeking to operate at a profit is atn)
(Enter one word in the blank)
The organization where the goods & services should be operated for profit is known as the business.
The following information related to the business is:
It is an organization or the company where the entity should be engaged in commercial activities, industrial activities, etcIt is the efforts & activities of an individual or the company that generated the production and sale of the goods and services for the profit purpose.Therefore we can conclude that The organization where the goods & services should be operated for profit is known as the business.
Learn more about the organization here: brainly.com/question/22159975
what is industrialization
Answer: Industrialisation is the period of social and economic change that transforms a human group from an agrarian society into an industrial society. This involves an extensive re-organisation of an economy for the purpose of manufacturing
Explanation:
Answer:
Industrialization is the process through which an agrarian (farm-based) economy transforms into one based on mass manufacturing. Before the 1800s, human society was mostly organized around rural economies with a focus on farming.
This info was answered using Robinhood :)
hope this helps :p
how legislation can contribute to the success and failure of companies
Suppose that you are able to buy papaya at the wholesale price of $1/lbs and sell it for $4/lbs. Suppose demand is Poisson-distributed with a mean of 100? Which of the following is true?
a. The optimal stocking level is higher than 100
b. The optimal stocking level is lower than 100
c. The optimal stocking level is equal to 100
Your firm wants to borrow $1 million and repay this loan in 10 equal annual installments. The first installment will be one year from now. The bank charges an interest rate of 10%. What will your annual installment be? (Hint: the present value of your payments using a discount rate of 10% should equal the amount you borrow) Enter the answer with two decimal points
Answer:
110,000 dollars a year for ten years
Explanation;
100,000 x .10 = 10,000
10,000 + 100,000 = 110,000
110,000 dollars a year for ten years the amount you borrow) Enter the answer with two decimal points.
What is the Amount?The size or quantity of non-count nouns is indicated by the word "amount." You can count the volume of air in a bottle or the volume of water in a beaker, for instance. The amount can be a noun or a verb, as was said above. Use of the noun: Add a little water to the dish. The dogs require various amounts of food, noun use. It is three bucks and change, to be exact.
EMI = [P x R x (1+R)N]/[(1+R)N-1] is the formula for computing EMIs. P denotes the loan amount or principle, R denotes the monthly interest rate (for example, if the annual interest rate is 11%, the monthly interest rate will be 11/(12 x 100)), and N denotes the number of monthly payments.
100,000 x .10 = 10,000
10,000 + 100,000 = 110,000
Therefore, The sum you borrow) Type the Amount response using two decimal places.
Learn more about the amount here:
https://brainly.in/question/1564038
#SPJ2
Which three things does money help people do in an economy?
(Select three answers.)
Remove value
Exchange commodities
Measure the value of commodities
Store value
Avoid inflation
Increase inflation
Hide the price of a commodity
Answer:
measures the value of commodities
store value
increase inflation
Explanation:
please mark me as branliest
Answer:
Exchange commodities , Measure the value of commodities , Store value
Explanation:
Choose the account(s) below, that would have a normal credit balance. Multiple select question. revenues accounts payable expenses common stock unearned revenues dividends
Answer:unearned revenues
Common stock
Revenues
Accounts payable
Explanation:
The account that contains the normal credit balance is revenue, account payable, common stock, and unearned revenue.
The following information should be considered:
The revenues, liabilities & stockholder equity contains the normal credit balance.Dividend, expenses, and the asset contain the normal debit balance.Therefore we can conclude that the account that contains the normal credit balance is revenue, account payable, common stock, and unearned revenue.
Learn more about the debit here: brainly.com/question/12269231
how will the cpi influence the economy?
Explanation:
When the CPI is rising it means that consumer prices are also rising, and when it falls it means consumer prices are generally falling. In short, a higher CPI indicates higher inflation, while a falling CPI indicates lower inflation, or even deflation.
per company policy, tools with a purchase price greater than $1,000 are capitalized what is the correct entry to record a tool purchase of $500
So, the correct entry is "Debit Tools Expenses $ 500, Credit Cash $ 500".
Learn more:
brainly.com/question/17153993 brainly.com/question/1142613
Ben is a successful salesperson with Victor International Inc.He sells capital goods to large industries.He is expected to give a presentation to a client for a $100 million deal.While waiting in the lobby before the presentation,he may feel _____.
A) episodic acute stress
B) role ambiguity
C) felt stress
D) chronic stress
E) situational stress
Answer:
D) Situational Stress
Explanation:
It is a short term for of stress that occurs in temporary situations. It is a short term stress when the problem/concern has a solution and then the stress goes away