a company purchases a delivery van by paying $11,000 cash and by signing a $31,000 note payable. which of the following correctly describes the recording of the delivery van purchase?
a. The delivery van account is debited for $48,000.
b. Cash is debited for $14,000.
c. The delivery van account is debited for $34,000.
d. Notes payable is debited for $34,000.

Answers

Answer 1

The recording of the delivery van purchase can be described as follows: In the present case, a company purchases a delivery van by paying $11,000 cash and by signing a $31,000 note payable. Thus, the total cost of the delivery van purchase is $11,000 + $31,000 = $42,000.

The purchase of the delivery van should be recorded as follows:

Debit Delivery Van Account $42,000

Credit Cash Account $11,000

Credit Notes Payable Account $31,000

Therefore, option (c) is the answer, which correctly describes the recording of the delivery van purchase.

Option (a) is not the correct answer because it debits the delivery van account for $48,000, which is the total cost of the delivery van purchase plus an additional $6,000.

Option (b) is not the correct answer because it debits cash for $14,000, which is only the cash paid for the delivery van purchase and not the total cost of $42,000.

Option (d) is not the correct answer because it debits notes payable for $34,000, which is only the amount of the note payable and not the total cost of $42,000.

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Related Questions

if the government determines whether you get an apartment, you are most likely living in a [1] economy. In a [2] society, the government controls the resources. In a [3] society, the community in theory is supposed to control the resources, but in reality, the [4] does.
[1]- a. command
b. market
c. traditional
[2]- a. capitalist
b. communist
c. socialist
[3]- a. capitalist
b. communist
c. socialist
[4]- a. government
b. individual
c. market

Answers

Answer:

1.  a. Command

2. c. Socialist

3. b. Communist

4. a. Government

Explanation:

"If the government determines whether you get an apartment, you are most likely living in a Command economy. In a Socialist economy, the government controls the resources. In a Communist society, the community, in theory, is supposed to control the resources, but in reality, the Government does."

1. A command economy is a type of economy where the government determines what is produced when it is produced, the quantity, as well as the price at which commodities are produced. The government also determines other activities in the economy such as the assignment of living spaces as well as the investments in the economy.

2. A socialist economy is an economy where goods are produced for consumption and are distributed to ensure equity by a centrally placed authority, which is the government.

3. A communist society according to Karl Marx is a classless society where all the resources belong to the entire community and properties are not owned by private individuals. In reality, though, the government actually controls the resources in this type of society. China is a country that practices communism.

the final step in active listening involves

Answers

Answer:

The final step is responding.

which of the following describes the free enterprise system the untied states

Answers

Answer:

The free enterprise system of the United States is best described with the following statement: It is a mixed economy with limited government intervention and a great deal of economic freedom.

According to the​ leader-member exchange​ (LMX) theory,​ _______________________. A. Leaders develop ingroup and outgroup relationships with followers B. Leader behavior is contingent on follower behavior C. Leaders are born with certain leadership characteristics and acquire others over time D. The appropriate leadership style depends on the follower readiness level E. Leader behavior adjusts to the task structure

Answers

According to the leader-member exchange (LMX) theory, leaders develop ingroup and outgroup relationships with followers. This means that leaders tend to form closer, more positive relationships with certain followers, known as the ingroup, while maintaining more distant or neutral relationships with others, known as the outgroup.

The LMX theory suggests that leaders establish these different relationships based on factors such as trust, communication, and shared goals. The members of the ingroup typically receive more attention, support, and opportunities for growth from the leader, while those in the outgroup may receive less of these benefits.

This theory recognizes that leader behavior is contingent on follower behavior. In other words, the leader's actions and decisions are influenced by how the followers behave and respond.

If followers are engaged, proactive, and perform well, the leader is more likely to provide them with opportunities and support.

On the other hand, if followers are disengaged or exhibit negative behavior, the leader may be less inclined to invest in them.

In conclusion, the LMX theory emphasizes that leaders do not treat all followers the same way. They develop different levels of relationships with their followers, establishing closer connections with the ingroup and more distant relationships with the outgroup.

The theory also recognizes that leader behavior is influenced by follower behavior, as leaders respond to the actions and attitudes of their followers.

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When streaming music through Spotify, which uses a tiered client-server model, your phone is most likely running:
Select one:
O a.
Application logic layer only
O b.
Data management layer only
O c. Presentation layer, application logic layer, and data management layer
od. Presentation layer only

Answers

c. Presentation layer, application logic layer, and data management layer. When streaming music through Spotify, the client-server model is employed.

The client, which is your phone in this case, interacts with the server to access and stream music. The presentation layer is responsible for displaying the user interface on your phone's screen, allowing you to navigate and interact with the application. The application logic layer handles the processing and functionality of the app, including features like searching, playlist management, and playback controls. Lastly, the data management layer handles the retrieval and storage of music data, including song libraries, user playlists, and metadata. Therefore, all three layers—presentation, application logic, and data management—are actively involved when streaming music through Spotify.

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Phillipe has two job offers as given below and really has no preference for either company. Compare the total compensations for the job offers and explain which job you think Phillipe should accept and why. Company A Gross pay $62,000 Medical insurance $3,400 Paid time off $8,000 Retirement $2,700 Job expenses $800 Company B Gross pay $60,000 25% of gross pay in employee benefits

Answers

Answer:

Explanation:

He should accept job offer #1 bc it pays more and has more benefits.

The ____ price indicates how much the market maker will pay per share to buy a stated quantity of the stock, while the ____ price indicates the price per share at which it will sell the same stock. Ask; bid say on pay; spread spread; say on pay bid; ask

Answers

The Bid price indicates how much the market maker will pay per share to buy a stated quantity of the stock, while the Ask price indicates the price per share at which it will sell the same stock.

What is the bid and the ask price?

In the financial markets, the Bid price and Ask price are the two prices that are most commonly quoted for a security, such as a stock or a bond. The Bid price is the highest price that a buyer is willing to pay for the security, while the Ask price is the lowest price that a seller is willing to accept for the security.

Therefore, the correct answer is "Bid; Ask". The difference between the Bid and Ask price is called the Spread.

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can someone help me with this please.

Answers

There’s no image I think u forgot to insert it

Answer:

sure

Explanation:

no image

Team biden
or
t r u m p

Answers

Answer:

Biden them trump supporters mad mad

drop the name of a person you want a follow back from on Instagram .

drop names and keep it going of the person of your choice and you get a follow back at the strike of midnight .

Answers

Answer:

addison rae lol because i need a bad bleep hahaha

Explanation:

Answer:

cardi b because I want to know how to get the Wap lol

Suppose the inverse demand function is:p = 12 - 4q, and cost is given by c(q) = 4q.the profit-maximizing price equals $_________

Answers

Suppose the inverse demand function is:p = 12 - 4q, and cost is given by c(q) = 4q.the profit-maximizing price equals $ Given,  c(Q) = 4Q  MC (Marginal Cost) = c(Q) / Q => MC = 4 P = 12 - 4Q  TR.

Is price the inverse of demand?

The price is a function of the quantity required when the demand curve is inverse. In other words, the inverse of a demand curve, changes in the quantity required cause variations in price levels.

In each nation, at what price does the monopoly sell its product if resale is not possible?

By operating where its marginal income for each country equals the company's marginal cost, the price-discriminating monopoly maximizes its profit. Therefore, MRUS = MC = MRJ, which means that the marginal revenues for the two nations are equal.

How are QD and Qs calculated?

The quantity demanded and the quantity delivered are equal (Qs = Qd). The market is open. If the market price (P) is greater than $6, for instance, P=8, Qs=30, and Qd=10 (where Qd = Qs). The market is unclear since there are extra supplies because Qs exceeds Qd.

Describe the demand function with an example?

As an illustration, consider the demand equation Qd = f(P; Prg, Y), where Qd denotes the quantity of a good wanted, P denotes the good's price, Prg denotes the price of a related good, and Y denotes income. The function on the right side of the equation is referred to as the demand function.

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Why do schools serve milk instead of water?

Answers

Explanation:

They serve milk because many children need the nutrition. It might seem antiquated, it began in the late 1900–1920's in public schools to provide food for impoverished kids. Some high schools offer a variety of drinks including water, but by that age kids should know better about what to consume.

Answer:

i don't know I think it's because they have water fountain and they are probably just lazy to get water or can't afford it

How can the various templates that are available for new Word documents be accessed?

opening up an instance of Word
pressing CTRL+N with Word open
clicking File to enter Backstage View
all of the above

Answers

Answer: All of the above

Explanation:

When you open up Word newly, the available templates will be listed for you to choose one of your preference and if those are not enough, one can still get more online.

Pressing CTRL+N with Word open will also enable you to have access to the various templates. Finally, clicking File will enable you to enter Backstage View where you can then click on New to see the various templates.

Answer:

the answer is d) all of the above

Explanation:

what is the fourth step in communication planning

Answers

Answer:

Identify the owners, stakeholders, and audience

Explanation:

Assume that you are willing to postpone consumption of​ $1,000 today and buy a certificate of deposit​ (CD) at your local bank with the​ $1,000. Holding the CD for one year provides you with an​ 8% reward for saving or postponing consumption. This reward for postponing consumption implies that at the end of the year you will have how much more money for​ spending?

Answers

Answer:

the amount that should be show more money for spending is $80

Explanation:

The computation of the amount that should be show more money for spending is as follows;

= Certificate of deposit × reward for saving or postponing consumption percentage

= $1,000 × 8%

= $80

hence, the amount that should be show more money for spending is $80

Consider a second hand car market where three types of cars are being sold: High quality (H), medium quality (M) and low quality (L). Sellers value an H at $2000, an M at $1200 and an L at $800, whereas buyers value an H at $1800, an M at $1600 and an L at $1400. As discussed in the "Akerloff's Lemons Market", sellers are able to distinguish between different quality cars but buyers are not and a buyer believes that in this market 40% of the cars is an H, 30% of the cars is an M and 30% of the cars is an L. a) Determine which type of cars will be sold at the efficient allocation. b) Determine which type of cars will be sold at the market equilibrium.

Answers

Answer:

a) Determine which type of cars will be sold at the efficient allocation.

All cars would be sold in a Pareto efficient allocation.

In a Pareto efficient market, resources are all allocated in teh most efficient possible way. This is the reason why this is just a theoretical concept that does not necessarily apply in real life.

b) Determine which type of cars will be sold at the market equilibrium.

Since consumers are only willing to pay up to $1,620 for a used car, only medium quality and low quality cars will be sold. The price of high quality used cars is higher than the equilibrium price.

Explanation:

the most a buyer would be willing to pay for a used car is ($1,800 x 40%) + ($1,600 x 30%) + ($1,400 x 30%) = $720 + $480 + $420 = $1,620

____ is an iterative method in which resources are allocated to activities based on the least slack.
a. Resource leveling
b. Resource monitoring
c. Resource limited scheduling
d. Resource evaluation scheduling

Answers

Resource allocation for activities is done iteratively using the resource-limited scheduling option (c), where the least amount of activities receives the most resources.

Why is resource limited scheduling used?

Resource-limited scheduling seeks to ensure that the project can be finished as quickly as possible utilising the available resources. Although it also limits flexibility and raises the criticality of each event in the project, project managers that employ this method find that it produces a more realistic timetable.

Resource-constrained scheduling, also known as limited resource scheduling, doesn't sound like anything you want to be dealing with in your company. Your ears perk up as soon as terms like "restricted" or "constrained" are said. Despite the negative connotations of these terms, "restricted resource scheduling" is a good thing.

What is the importance of Limited Resource Scheduling?

Planning and scheduling are more crucial than ever due to restricted resources. It is obvious that having a finite amount of resources has a significant impact on the project's timeline and the precise schedule you must adhere to in order to stay on track. Any company may experience difficulties when working on a project with few resources. Therefore, it's critical to comprehend how you use resource-constrained scheduling to prevent significant delays and disruptions.

The final conclusion is that if you use limited resource scheduling and planning, you can meet a deadline. Yes, your situation will be much more complicated. Finding the best project route will be challenging, and event criticality will rise. Less flexibility in how you work will result, but if you achieve your goals, it will all be worthwhile. Project delays can result in financial loss, dissatisfied clients, and other problems. You may prevent these issues and find out how to optimise your project timeline by using restricted resource scheduling.

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9. The controlling function of management could also be described as (1 point)
supervision.
O accounting
O oversight
O evaluation

Answers

Answer:

D) evaluation

Explanation:

took the test

explain the effects of the fed's low interest rates on business investment and use a graph to illustrate your explanation. when the fed lowers interest rates, business investment and the ______ .

Answers

When the Federal Reserve (Fed) lowers interest rates, it typically has an impact on business investment and the overall economy.

Lower interest rates make borrowing cheaper, encouraging businesses to take on debt for investment purposes. Here are the effects of the Fed's low interest rates on business investment:

Increased borrowing: Lower interest rates incentivize businesses to borrow money from banks or other financial institutions to fund their investment projects. Reduced borrowing costs mean that businesses can access capital at a lower cost, making investment more attractive.

Expansion and growth: With easier access to affordable capital, businesses are more likely to undertake expansion initiatives, such as opening new facilities, increasing production capacity, or developing new products and services.

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Name three pros and three cons to being in a team.

Answers

Answer:

Explanation:

Pros of being in a team:

As a result of working in a team, individuals are able to pool their knowledge, experience, and resources. as tasks can be completed more efficiently and effectively, This increases productivity, The unique perspectives, skills, and knowledge of each team member are essential when working together. By doing so, new ideas and approaches may be generated that would otherwise not have been considered.In addition to providing emotional support and motivation, team members can provide encouragement and feedback.

Cons of being in a team:

When members of a team have different ideas, values, or opinions, conflicts or disagreements can occur.Teamwork requires the team to depend on each other for certain tasks to be completed. Having unresponsive or unavailable team members can be frustrating.In a team, some members may contribute more than others, which can lead to feelings of resentment or frustration. Additionally, some team members may rely too heavily on others, which can lead to a power imbalance.

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Experts recommend that people set aside at least six months of income in case of an emergency. True or False?

Answers

Answer: True! :D

Explanation: The majority of experts agree that you need to have an emergency fund with at least three to six months' worth of living expenses covered.

Carlos wrote a check for $44. 92 to pay his gas bill. He’ll use the check register to record his transaction. What will be his new balance? A check register has a balance of 415 dollars and 1 cent. $345. 09 $370. 09 $434. 93 $459. 93.

Answers

Answer is 370.09
415.01-=370.09

what is local technology​

Answers

Local Technology is an IT services company focused on building businesses through leveraging the best technology solutions.

Given a 2 week lead time, an annual demand of 1050 Doolie Twaddles, 52 weeks per year, a periodic review period of 3 weeks, a safety stock of 25, and a current inventory position of 45,how many Doolie Twaddles should be ordered at the current time

Answers

With the given details of lead time demand, safety stock, and current inventory position, 41 Doolie Twaddles should be ordered at the current time.

1. Calculate the average weekly demand:

1050 Doolie Twaddles per year / 52 weeks per year = 20.19 Doolie Twaddles per week

2. Calculate the lead time demand:

20.19 Doolie Twaddles per week * 2-week lead time = 40.38 Doolie Twaddles

3. Calculate the total demand for the periodic review period:

20.19 Doolie Twaddles per week * 3-week review period = 60.57 Doolie Twaddles

4. Calculate the reorder point:

Lead time demand (40.38 Doolie Twaddles) + Safety stock (25 Doolie Twaddles) = 65.38 Doolie Twaddles

5. Compare the reorder point with the current inventory position:

65.38 Doolie Twaddles (reorder point) > 45 Doolie Twaddles (current inventory position), which means it's time to place an order.

6. Calculate the order quantity:

Total demand for the periodic review period (60.57 Doolie Twaddles) + Safety stock (25 Doolie Twaddles) - Current inventory position (45 Doolie Twaddles) = 40.57 Doolie Twaddles

So, you should order approximately 41 Doolie Twaddles at the current time.

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Answer in 150 words

There are many different charts you can use in Excel to convey and analyze data, Pie, Line, and Funnel to name a few. What do you think is the most effective chart to use to read and interpret data. Please explain your reasons for choosing this chart.

Answers

The most effective chart to use to read and interpret data depends on the type of data and the specific insights you are trying to convey.

What is data?

Data refers to information that has been collected, organized, and stored for later use. Data can be structured or unstructured, meaning it may or may not be organized in a specific way. It can be generated from a variety of sources, such as sensors, surveys, social media, and transactions. Data is analyzed to gain insights and make informed decisions in various fields, such as business, healthcare, science, and government. With the increasing use of technology, data is becoming an increasingly valuable resource that can be used to improve efficiency, solve problems, and drive innovation. However, data also raises concerns about privacy, security, and ethics, and must be handled with care.

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Which career would organize, train, and support teachers and educational workers to help them provide better
instruction?
O distance learning coordinator
O education administrator
O instructional coordinator
O regulatory affairs specialist

Answers

Answer:

it is C instructional coordinator

Explanation:

Does a monopolistically competitive firm tend to have a more elastic or less elastic demand than a monopoly? explain why.

Answers

A monopolistically competitive firm will have a more elastic demand than a monopoly because there will likely be more close substitutes.

What is monopoly, in a nutshell?

A market setup where there is only one seller and one sort of items offered. As the only vendor of the goods with no viable alternatives, the seller in a monopoly market has no rivals.

What benefit does monopoly provide?

Monopolies have the benefit of guaranteeing a steady supply of a good that is too expensive to sell in a competitive market. A few negatives of monopolies include price-fixing, inferior products, a lack of incentive for innovation, and cost-push inflation.

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A "deadlock" situation occurs when processes never finish executing and system resources are tied up preventing other jobs from ever starting. Elaborate how does this differ from "starvation" and "aging"? Give scenarios for the three situations by using examples of five processes, PA, PB, PC, PD, PE.

Answers

These scenarios illustrate the differences between deadlock, starvation, and aging, showcasing how processes can be affected by resource unavailability or scheduling decisions in an operating system environment.

Deadlock, starvation, and aging are concepts related to process scheduling and resource management in operating systems. Here's an explanation of each term and scenarios for the three situations:

Deadlock: Deadlock occurs when two or more processes are unable to proceed because each is waiting for a resource held by another process in the same set. In other words, the processes are stuck in a circular dependency, where each process is waiting for a resource that is held by another process, causing a deadlock. Deadlock leads to a situation where no progress can be made, and the resources are effectively wasted.

Example scenario: Process PA holds resource R1 and requests resource R2.

Process PB holds resource R2 and requests resource R1.

Process PC holds resource R3 and requests resource R4.

Process PD holds resource R4 and requests resource R3.

Process PE does not request any resources.

In this scenario, PA is waiting for R2 held by PB, PB is waiting for R1 held by PA, and PC is waiting for R4 held by PD, while PD is waiting for R3 held by PC. These circular dependencies create a deadlock situation.

Starvation:

Starvation occurs when a process is unable to proceed because it cannot access the required resources or is constantly deprioritized in favor of other processes. In other words, the process is continuously delayed or blocked from executing due to resource unavailability or low priority, leading to a situation where the process cannot make progress.

Example scenario:

Process PA requires a high amount of CPU time.

Process PB requires a large amount of memory.

Process PC requires frequent access to the disk.

Process PD requires network access.

Process PE requires I/O operations.

In this scenario, if the system is resource-constrained or the scheduling algorithm does not fairly allocate resources, one or more processes may experience starvation. For example, if the CPU is constantly allocated to other processes, PA may starve and be unable to execute.

Aging:

Aging is a technique used in process scheduling to prevent starvation by gradually increasing the priority of processes that have been waiting for a long time. By gradually boosting the priority, aging ensures that long-waiting processes eventually receive their required resources and prevent them from being starved indefinitely.

Example scenario:

Process PA has been waiting for CPU time for a long time.

Process PB has recently started execution.

Process PC has been waiting for disk access for a long time.

Process PD has recently requested network access.

Process PE has been waiting for I/O operations for a long time.

In this scenario, if a scheduling algorithm with aging is applied, the priorities of processes PA, PC, and PE would gradually increase over time as they continue to wait, increasing their chances of accessing the required resources and preventing long-term starvation.

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Taxes on cigarettes are designed to a. lower the price to reflect their true benefits b . encourage farmers to grow more tobacco . raise the price to reflect their true costs d. restrict sales to government-owned stores

Answers

Answer:

c

Explanation:

A tax is a compulsory sum levied by the government or an agency of the government on goods and services. Taxes increases the price of a good. the aim of tax on cigarettes is to increase the price of cigarettes. this should discourage consumption of cigarettes. taxes on cigarette reflect the true cost of consuming cigarettes

______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???

Answers

Answer : Monopolistic competition

Answer:

Monopolistic Competition

Explanation:

In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.

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