Below are the list of the possible employment options which are of interest to me together with the scale:
Tour guide - 3Hotel reservationist - 4Restaurant server - 3If I were hired for the position of tour guide, I would provide identification documents such as a driver's license or passport, which have my name, age, work eligibility, and citizenship status. My spouse or parent could claim me as a dependent. I would agree to the drug test and criminal background check as required by my employer.
Who is a tour guide?A tour guide is an individual who gives assistance, information on cultural, historical and contemporary legacy to people on organized sightseeing and individual clients at educational establishments, religious and historical sites like museums, and at various venues of tourist attraction resorts.
Therefore, the correct answer is as given above
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Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands).
2022 2021
Cash $13,200 $10,800
Accounts receivable 22,200 20,200
Inventory 31,600 30,700
Other current assets 12,200 11,909
Total current assets $79,200 $73,609
Total current liabilities $247,500 $311,100
Compute the current ratio for each year.
Answer:
this answer might be rong
Explanation:
it just might be rong
Debt Type
Credit Card 1
Credit Card 2
(Private) Student Loan Debt
Vehicle Debt
Mortgage Debt
Amount
$5000
$2950
$25,745
$10,392
$100,197
1. How long does it take to pay off this debt?
I
2. How much total interest do you pay on your debts?
Interest Rate
which
3. List the debts in which order they are paid off:
26.9%
8.25%
10.5%
4.61%
3.44%
Monthly Payment
150
88.50
Part 1 - High Rate
Enter your 5 debts into the What's The Cost? Calculator, using "Interest Order" (aka
Answer:
Select asks which to pay off first: Credit card debt or student loan debt? According to Bruce McClary, a spokesman for the NFCC, there's a special rule.
1.1.1 Name any one leakage in an economy. NAME ONE SECTOR INVOLVED MULTIPHER 1.1.2 What does the 45° line in the graph represent? 1.1.3 Briefly discuss the term autonomous consumption. 1.1.4 Explain the negative impact of a decrease in consumer spending on the size of the (2) multiplier. (1) IN DERIVING THE MACRO-ECONOMIC 1.2 Why is it important for a country to calculate its national income? [18] (1) 1.1.5 Calculate the multiplier when individual spending on consumption is 60%. Show all calculations. (4) (8)
1.1.1 One leakage in an economy is saving. The saving sector is involved in the leakage as individuals and businesses save a portion of their income rather than spending it on consumption or investment. Saving represents the portion of income that is not immediately injected back into the economy and can lead to a decrease in aggregate demand.
1.1.2 The 45° line in the graph represents the equilibrium level of output or income in an economy. It shows the points where aggregate spending (aggregate demand) is equal to aggregate production (aggregate supply). The line represents the condition where spending equals production, indicating a state of macroeconomic equilibrium.
1.1.3 Autonomous consumption refers to the level of consumption expenditure that occurs even when income is zero or negative. It represents the minimum level of consumption that individuals and households maintain regardless of their income. Autonomous consumption is usually influenced by factors such as basic needs, fixed expenses, or borrowing. It plays a crucial role in determining the level of aggregate demand in an economy.
1.1.4 A decrease in consumer spending has a negative impact on the size of the multiplier. The multiplier refers to the amplification effect that occurs when an initial change in spending or investment leads to a larger overall change in the economy. When consumer spending decreases, it leads to a decrease in aggregate demand, which in turn reduces the level of output and income. As a result, the multiplier effect is dampened, and the overall impact on the economy becomes smaller.
1.2 Calculating national income is important for a country for several reasons:
- It provides policymakers and economists with crucial information about the overall health and performance of the economy.
- National income data helps in formulating economic policies and making informed decisions related to fiscal and monetary policies.
- It allows for the comparison of economic performance across different countries and over time, providing insights into economic growth and development.
- National income calculations help in identifying income distribution patterns and inequalities within a country.
- It serves as a basis for calculating various economic indicators, such as GDP per capita, which are used to assess the standard of living and well-being of the population.
1.1.5 To calculate the multiplier when individual spending on consumption is 60%, we can use the formula:
Multiplier = 1 / (1 - Marginal Propensity to Consume)
Given that the individual spending on consumption is 60% or 0.6, the Marginal Propensity to Consume (MPC) would be 0.6. Substituting this value into the formula:
Multiplier = 1 / (1 - 0.6)
Multiplier = 1 / 0.4
Multiplier = 2.5
Therefore, the multiplier in this case would be 2.5.
Analyse action plan and explain the steps that you must follow when drawing an action plan.
Utilize the following five steps to develop an action plan to assist you in reaching your goal:
Set SMART objectives.
Make a list of things to do.
Make a timetable.
Identify resources.
Follow the development.
develop an action plan
Step 1: Establish your objective. Determine what you want your project to accomplish clearly.
List your tasks in step two. Once you have a goal in mind, make a list of the actions you must take to achieve it.
Step 3: Determine the important duties.
Assign duties in step four.
Step 5: Evaluate and enhance.
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The following balances were extracted from the books of VE Enterprise on 31 December 2021.
Particular RM RM
Capital 50,000
Motor vehicles 90,000
Fixtures & fittings 48,500
Inventory as at 1 January 2021 32,200
Allowance for doubtful debts 500
Accumulated depreciations as at 1 January 2021:
Motor vehicles 16,000
Fixtures & fittings 10,400
3% fixed deposit 30,000
4% bank loan 50,000
Sales 199,070
Purchases 73,500
Sales returns 2,050
Purchases returns 2,120
Discount allowed 2,550
Discount received 2,830
Account receivables 37,700
Account payables 48,650
Carriage inwards 3,570
Interest received 450
Commission received 2,600
Salaries 16,100
Electricity bills 5,400
Custom duty on purchases 3,000
Insurances 450
Maintenance expenses 3,300
Drawing 2,300
Cash in hand 6,800
Cash at bank 25,200
Additional information:
1. Inventory as at 31 December 2021 18,180
2. Depreciation for the year ended 31 December 2021 has yet to be provided as follows:
a. Fixtures & fittings: 10% using straight line method
b. Motor vehicles:15% using reducing balance method.
3. Electricity bills was paid in advanced by RM500. Meanwhile RM400 commission are not
received yet.
4. One of the customers Amri Sport Enterprise was declare bankrupt and unable to pay the
debt amount RM700
5. The provision for doubtful debts is to be adjusted to 5% based on remaining account
receivables
6. Salaries are accrued by RM140.
3
7. ‘Purchases’ include goods valued at RM1,040 that were withdrawn by Azwin for her own
personal use.
Required:
a) Prepare Income Statement for the year ended 31 December 2021
(15 marks)
b) Prepare Statement of Financial Position as at 31 December 2021
a. The Income Statement for the year ended 31 December 2021 is RM80,360.
b. The Statement of Financial Position as at 31 December 2021 is RM206,645.
a) Income Statement for the year ended 31 December 2021:
Sales: RM199,070
Less: Sales returns: RM2,050
Net Sales: RM197,020
Cost of Goods Sold:
Opening Inventory: RM32,200
Purchases: RM73,500
Less: Purchases returns: RM2,120
Add: Carriage inwards: RM3,570
Goods Available for Sale: RM107,150
Less: Closing Inventory: RM18,180
Cost of Goods Sold: RM88,970
Gross Profit: RM197,020 - RM88,970 = RM108,050
Operating Expenses:
Discount allowed: RM2,550
Salaries: RM16,100 + RM140 = RM16,240
Electricity bills: RM5,400 - RM500 = RM4,900
Custom duty on purchases: RM3,000
Insurances: RM450
Maintenance expenses: RM3,300
Total Operating Expenses: RM30,340
Net Profit before Non-operating Items:
Gross Profit - Operating Expenses: RM108,050 - RM30,340 = RM77,710
Non-operating Items:
Interest received: RM450
Commission received: RM2,600 - RM400 = RM2,200
Total Non-operating Items: RM2,650
Net Profit before Tax:
Net Profit before Non-operating Items + Total Non-operating Items: RM77,710 + RM2,650 = RM80,360
b) Statement of Financial Position as at 31 December 2021:
Assets:
Non-current Assets:
Motor vehicles: RM90,000 - (RM90,000 * 15%) = RM76,500
Fixtures & fittings: RM48,500 - (RM48,500 * 10%) = RM43,650
Total Non-current Assets: RM120,150
Current Assets:
Inventory: RM18,180
Account receivables: RM37,700 - (RM37,700 * 5%) - RM700 = RM35,815
Prepaid electricity bills: RM500
Cash in hand: RM6,800
Cash at bank: RM25,200
Total Current Assets: RM86,495
Total Assets: RM206,645
Liabilities and Equity:
Equity:
Capital: RM50,000
Retained Earnings: RM80,360
Total Equity: RM130,360
Current Liabilities:
Account payables: RM48,650
Bank loan: RM50,000
Total Current Liabilities: RM98,650
Total Liabilities and Equity: RM206,645
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Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.
Based on the cost of production by Stam Company, the overhead rate which is applied to the jobs are:
Data and Calculations:
Job 306 Job 307 Job 308
Balances on March 31
Direct materials used (in March) $33,600 $41,900
Direct labor used (in March) $24,600 $20,300
Overhead applied (March) $12,300 $10,150
Costs during April
Direct materials used $139,000 $226,900 $102,000
Direct labor used $94,200 $161,500 $107,300
Overhead applied $55,600 $77,500 $52,500
($94,200 × 50%) ($161,500 × 50%) ($107,300 × 50%)
Job 306 - $47,100
Job 307 - $80,750
Job 308 - $53,650
The overhead rate applied for Job 306 in April is:
= Direct labor cost x 50%
= 94,200 x 50%
= $47,100
The overhead applied for Job 307 in April is:
= 161,500 x 50%
= $80,750
The overhead for Job 308 in April is:
= 107,300 x 50%
= $53,650
Hence, based on the cost of production by Stam Company, the overhead rate applied to the jobs are calculated above.
The given question is incomplete, the complete question is-
Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.
Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal 4. Prepare a schedule of cost of goods manufactured for the month end April 30. Stam Company Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs Total cost of work in process Cost of goods manufactured.
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3. Find the amount of tax owed: residential property valued at $162,000.00; assessed at 15%; taxed at $12.00 per hundred
dollars worth of property.
The amount of tax owed for the residential property is $29.16.
How to calculate the amount of tax owed1. Calculating the assessed value of the property by multiplying the property value by the assessment rate (expressed as a decimal):
Assessed value = Property value x Assessment rate
Assessed value = $162,000.00 x 0.15
Assessed value = $24,300.00
2. Calculate the taxable value of the property by dividing the assessed value by 100:
Taxable value = Assessed value / 100
Taxable value = $24,300.00 / 100
Taxable value = $243.00
3. Calculate the amount of tax owed by multiplying the taxable value by the tax rate:
Tax owed = Taxable value x Tax rate
Tax owed = $243.00 x ($12.00 / $100.00)
Tax owed = $29.16
Therefore, the amount of tax owed for the residential property is $29.16.
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You are an outside project management professional who has been hired by Mainstreet to lead its new Wingra Point Live Work development. You are given an approved vendor list and access to the shared drive containing project templates. You are also introduced to the company’s standard processes and procedures and the submission and approval protocols. What type of project inputs do these elements represent? Project collateral Operational Process Assets (OPAs) EEFs Enterprise assets
These elements represent organizational process assets, which are documents, reports, and plans that are developed within an organization and used to guide project decisions and activities.
What type of project inputs do these elements represent?Generally, Project management is the process of leading a team to achieve specific goals and objectives within a defined timeline and budget. It involves defining project scope, setting goals and milestones, identifying tasks and responsibilities, tracking progress, and making adjustments as needed to ensure successful completion. Key skills in project management include leadership, organization, communication, problem-solving, and time management.
These assets include policies, procedures, guidelines, templates, and historical information that can be used to inform project management decisions and activities.
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What is the purpose of the loans made by the World Bank?
promote sustainable development
stabilize the currency exchange market
generate revenue for the united nations
get countries to accept free trade policies
Answer: promote sustainable development
Explanation:
The purpose of the loans made by the World Bank is to promote sustainable development.
The World Bank is owned by many nations 187 countries and its main role is to help on the reduction of poverty, improve the people's standard of living and also bring about economic growth and development.
An investment will pay you $24,000 in 7 years. The appropriate discount rate is 6 percent compounded daily. What is the present value
Answer:
$15,769.67
Explanation:
The formula for determining present value is
FV x (1 + r/m)^-mn = P
FV = Future value
P = Present value = $24,000
R = interest rate = 6%
N = number of years = 7
m = number of compounding = 365
$24,000 x ( 1 + 0.06/365)^-365 x 7 = $15,769.67
How looting affects the business in terms of the relationship between social responsibility and triple bottom line?
Looting is simply stealing from the business. It is simply an act that is done to make a business inoperable.
Looting is an act of socially irresponsible people. They are acts that do not benefit the society at the end of the day. It reduces economic growth, causes a decline in welfare and also bad to the environment.
The triple bottom effect teaches that organizations should be able to measure their social as well as environmental impacts. Instead of being just focused on gains, they should be focused on the people, the environment also.
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what is 2 + 5
help
pls
Havel and Petra are married and will file a joint tax return. Havel has W-2 income of $38,588, and Petra has W-2 income of $46,227.
Use the appropriate Tax Tables and Tax Rate Schedules.
Required:
a. What is their tax liability using the Tax Tables?
b. What is their tax liability using the Tax Rate Schedule?
Note: Round your intermediate computations and final answer to 2 decimal places.
a. Tax liability using Tax Tables
b. Tax liability using Tax Rate Schedule
1. The liability using Tax Tables will be $7186
2. The tax liability using Tax Rate Schedule is $7,185.28
How to calculate the tax liability?A tax is a mandatory fee or financial charge that a government imposes on a person or a business in order to raise money for public projects like building the greatest infrastructure and services. Different public expenditure programs are then funded with the funds that have been raised. Tax liability is the sum of money that a person, company, or other entity owes to a federal, state, or municipal taxing body.
Total Income ($38,588 + 49,381) $87,969
Less: Standard deduction 2020 for Married Filing Jointly -24,800
Taxable Income $63,169
Tax liability using the tax table $7,186
Tax liability using tax rate Schedule $7,185.28
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Which option identifies the law represented in the following scenario?
Bauer comes out with a new hockey skate, and last year’s model sits on the shelves. The local hockey shop places last year’s model on sale for half price.
law of demand
law of diminishing marginal utility
law of supply and demand
law of supply
Answer:
A. law of demand
Explanation:
conversion costs do not include which of the following costs?
a. Direct Materials
b. Direct labor
c. production
d. all of the above
Answer:
I am pretty sure the answer is A) direct materials
Explanation:
Conversion cost equals direct labour plus manufacturing overhead
How do your habits differ from when you started this course?
When individuals start a course, their habits may differ from later stages. Over time, common changes in habits occur.
How habits may differFirstly, individuals may initially struggle with time management, finding it challenging to allocate sufficient hours for studying and completing tasks.
However, as the course progresses, they develop better time management skills and create structured study schedules. Secondly, at the beginning of the course, individuals may not have a well-established study routine.
As they advance, they often develop a consistent study routine that suits their learning style, helping them stay organized and focused. Lastly, individuals may initially feel excited and motivated about the course. However, as time goes on, they may face challenges or experience periods of lower motivation. Thus, it becomes important to develop strategies to maintain engagement and motivation throughout the course.
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Which of the following influences what you choose to wear
Your activities
All of the Above
Basic needs
Your personal preferences
Answer:
all of the above dnnxndncnvhhdbdbdbd
How does the slope of a supply or demand curve differ from elasticity of supply or demand?
The slope of a supply or demand curve differ from elasticity of supply or demand are to represent quantities to prices because of changes in the level of prices to changes in the level of quantity supply or demand.
What is demand?The term “demand” is believing on people wants and desires to the amount of money of goods and services. Demand is an economic notion that deals with the relation between user demand for goods and services and their market prices.
The slope of a supply curve is upward basis and the demand curve basis on downward to the right was the straight line. It was the change of prices in the level of quantity supply or demand. Elasticity of supply or demand was the quantity to price demanded or supplied.
As a result, the conclusion of the difference between are the aforementioned.
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In the food service industry, recipes are invaluable because they provide a way for cooks, no matter who or where they are, to achieve consistency of _____ and ______. volume; scale
strain; tare
quality: yield
weight: gauge
Answer: quality: yield is correct
Explanation: Took the test
In the food service industry, recipes are invaluable because they provide a way for cooks, no matter who or where they are, to achieve consistency of quality and yield. Thus, option (c) is correct.
What is food?The term “food” refers to an edible and consumable material that provides the body with nutrition and vitamins to maintain itself. Plants, humans, animals, and birds all typically eat food. fruits, vegetables, legumes, dairy, and other nutrient-dense foods. The body need the food in order to function, thus it was consumed.
According to the food service sector, was the offered the information of the food as well as the grade of the cuisine. It instructs the cook on what ingredients to use, how to utilize them, and any nutrition facts that may be useful. A recipe's yield is the number of servings it will make.
Therefore, option (c) is correct.
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The table below shows the total expenditure on a basket of goods and services; use this information to calculate the index number for the cost of a basket of goods and services in period 2, assuming Period 1 is the base year. (Round to 1 decimal place.)
Since Period 2 is the base year, so, index number for Period 2 will be 100 for the given information in Expenditure table.
for period 1 ,
Total Expenditure = $3,100
Index Number = 3100/3350×100
=92.537
for period 2,
Total Expenditure = $3,350
Index Number = 3350/3350×100
= 100
for period 3,
Total Expenditure = $3,400
Index Number = 3400/3350×100
= 101.492
for period 4,
Total Expenditure = $3,500
Index Number = 3500/3350×100
= 104.47
Index numbers are statistical measures that express changes in the value of a variable or a group of variables over time. They are used to compare the value of a particular variable at different points in time or across different regions or groups. Index numbers are useful in economics and other fields where there is a need to track changes in the value of a variable over time or across different units of observation. Common examples of index numbers include price indices, inflation indices, and stock market indices.
the complete question is:
The table below shows the total expenditure on a basket of goods and services; use this information to calculate the index number for the cost of a basket of goods and services in period 2, assuming Period 1 is the base year. (Round to 1 decimal place.)
Total Expenditure Index Number
Period 1 $3,100
Period 2 $3,350
Period 3 $3,400
Period 4 $3,500
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What is an example of product marketing?
Answer:
airbnb is a good example.
Explanation:
it is a process of trying to sell something.
13) Consider the following information for a particular economy. Total population = 60 million Number of employed 30 million Total labour force = 40 million Natural rate of unemployment = 12% a) Find the total unemployment rate b) Calculate the cyclical unemployment rate
Answer:
Explanation:
a) Find the total unemployment rate
Total labour force = 40 million
Number of employed = 30 million
Number of unemployed = 40 - 30 = 10 million
Unemployment rate = (unemployed / Labour force) × 100
Unemployment rate = (10 million / 40 million) × 100 = 25%
b) Calculate the cyclical unemployment rate
Cyclical unemployment rate = Unemployment rate - natural rate of unemployment
Unemployment rate = 25%
Natural rate of unemployment = 12%
Cyclical unemployment rate = 25 - 12 = 13%
Klara wants to compare the price of a wallet she saw at Nordstrom Rack with other stores that may have the same wallet. She locates the product of three different websites, including Amazon. Klara’s quest is an example of how customers are using __________ to solve problems.
This question is incomplete because the options are missing, here is the missing part:
Klara’s quest is an example of how customers are using __________ to solve problems.
A. Price shopping
B. Databases
C. Information technology
D. Social networking
The answer to this question is C. Information technology
Explanation:
Webpages and the internet are part of Information technology because these two tools allow users to obtain or share information by using technologies such as mobile phones or computers. Moreover, nowadays, information technologies help an essential role in the process of selling and buying products because through these companies can advertise their products and customers can obtain information about them or even buy them.
The use of information technology in buying and selling is exemplified by Kiara because she used the internet as a tool to find the web pages that sold a specific wallet and then know the price. Also, the use of this information technology helps Kiara make the best buying decision.
how does a persons work experience affect their pay wage?
Answer:
Up to a certain point, more experience typically translates into higher income. Similar to the last example, if the job requires someone with 10 years of expertise in a specific field and you don't satisfy those qualifications, you can find yourself working at the lower end of the wage scale.
Explanation:
If the monthend bank statement shows a balance of $36,000, outstanding checks are
$10,000, a deposit of $4,000 was in transit at month end, and a check for $600 was
erroneously charged by the bank against the account, the correct balance in the bank
account at month end is
Explanation:
36,000, outstanding checks are
$10,000, a deposit of $4,000 was in transit at month end, and a check for $600 was
erroneously charged by the bank against the account, the correct balance in the bank
account at month end is
In 2015, national income in the United States was $15,665.3 billion. In the same year, 148.8 million workers were employed, at an average wage, including benefits, of $62,187 per worker per year.
Answer:
Dang thats alot no cap
Explanation:
Savings plans A and B have both durations of 5 calendar years.
Savings plan A pays 5.7% annual interest, paid at the end of each year.
Savings plan B pays 5.4% annual interest, paid on monthly basis (12 times a year).
Which savings plan is preferred?
Based solely on the interest earned, Savings Plan A would be preferred over Savings Plan B.
To determine which savings plan is preferred, we can compare the total interest earned under each plan over the 5-year duration.
For Savings Plan A, the annual interest rate is 5.7%, and the interest is paid at the end of each year. Therefore, the total interest earned can be calculated using the simple interest formula: Principal x Rate x Time. Assuming a principal of $1,000, the total interest earned would be $1,000 x 0.057 x 5 = $285.
For Savings Plan B, the annual interest rate is 5.4%, and the interest is paid on a monthly basis (12 times a year). This means that the interest is compounded monthly.
Using the compound interest formula: A = P(1 + r/n)^(nt), where A is the final amount, P is the principal, r is the annual interest rate, n is the number of compounding periods per year, and t is the time in years, we can calculate the total interest earned. Assuming a principal of $1,000, the total interest earned would be $1,000 x [(1 + 0.054/12)^(12x5)] - $1,000 = $279.67.
Comparing the total interest earned, we can see that Savings Plan A yields a higher interest amount ($285) compared to Savings Plan B ($279.67).
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Which of the following best describes a player's role in any game?
O A. The name of his or her character.
O B. The number of turns he or she gets to take.
O C. The way he or she scores points.
O D. The actions expected of him or her.
Consider the following BPMN diagram:
If we look at the process model, we can see that Task A is the first task and must always be completed in order for the model to be run. Further observation reveals that because an exclusive gateway is employed, any of the two jobs, B and C, is carried out individually rather than simultaneously. As we continue to move through the BPMN diagram, we see that task M is the conversing task and is therefore always run along with a networks message flow from it to task F, which is done as soon as a message is received in pool 2 and finishes.
An item of networking hardware or software called a gateway is used in telecommunications networks to allow data to go from one distinct network to another.
The way that gateway differ from routers and switches is that they can join various networks using more than one protocol to communicate and that they can function at any of the seven OSI levels.
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Edison Consulting received a $310 utilities bill and immediately paid it. Edison's general journal entry to record this transaction will include a: Multiple Choice Debit to Utilities Expense for $310. Credit to Accounts Payable for $310. Debit to Cash for $310. Credit to Utilities Expense for $310. Debit to Accounts Payable for $310.
Based on the amount received and the account it was, the corresponding entry will be Debit to Utilities Expense for $310.
How to treat expensesExpenses are treated as a debit in the books which means that when expenses increase, they are debited to their relevant accounts.
As an expense of utilities was received in this scenario, it will have to be debited to the Utilities account.
In conclusion, option A is correct.
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