For each of the following items, indicate whether that item would be considered a transaction at Gerbig Pet Grooming Corporation
a. A customer, Layne Gracen, gives Gerbig a check for $620 to prepay for her dog's grooming appointments for the upcoming year. YES
b. Gerbig pays $310 for last month's electric bill. YES
c. Gerbig selects a new supplier for its shampoos and conditioners. NO
d. The controller for Gerbig pays the bill for a catered lunch at its annual training event for employees. YES
e. Gerbig files its articles of incorporation with the state. NO
f. Gerbig acquires a new stainless steel tub by signing a note payable with PetStar, a supplier of pet grooming supplies and products. YES
g. Maggie Cramer, a customer, signs a contract for next year's dog grooming with Gerbig. NO
h. Gerbig pays its employees an annual bonus on December 31. YES
Answers
The items which are considered a transaction are a customer giving Gerbig a check for $620 to prepay for her dog's grooming appointments (option a), Gerbig paying $310 for last month's electric bill (option b), the controller for Gerbig paying the bill for a catered lunch (option d), Gerbig acquiring a new stainless steel tub by signing a note payable with PetStar (option f), and Gerbig paying its employees an annual bonus (option h). The items which are not considered a transaction are Gerbig selecting a new supplier (option c), Gerbig files its articles of incorporation with the state (option e), and a customer signing a contract for next year's dog grooming with Gerbig (option g)
For each of the following items, the items which are a transaction at Gerbig Pet Grooming Corporation are as follows:a. A customer, Layne Gracen, gives Gerbig a check for $620 to prepay for her dog's grooming appointments for the upcoming year. This is a transaction. This would be considered a transaction as money is exchanged for a service.
b. Gerbig pays $310 for last month's electric bill. This is a transaction. This would be considered a transaction as money is exchanged for a service.
c. Gerbig selects a new supplier for its shampoos and conditioners. This is not a transaction. This is not considered a transaction as no money is exchanged.
d. The controller for Gerbig pays the bill for a catered lunch at its annual training event for employees. This is a transaction. This would be considered a transaction as money is exchanged for a service.
e. Gerbig files its articles of incorporation with the state. This is not a transaction. This is not considered a transaction as no money is exchanged.
f. Gerbig acquires a new stainless steel tub by signing a note payable with PetStar, a supplier of pet grooming supplies and products. This is a transaction. This would be considered a transaction as money is exchanged for a service.
g. Maggie Cramer, a customer, signs a contract for next year's dog grooming with Gerbig. This is not a transaction. This is not considered a transaction as no money is exchanged.
h. Gerbig pays its employees an annual bonus on December 31. This is a transaction. This would be considered a transaction as money is exchanged for a service.
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Related Questions
1. A company is creating a new product and must determine how to effectively create the product as well as appeal to the market and target a wide range of customers.
Answers
Answer and Explanation:
One good way to know how to effectively create a product and also target quite a wide range of consumers is to watch out for trends. Through the internet and social media, a producer can tell what product consumers would be ready to buy at a certain period due to the fact that it is what is trending at that time. The producer could go ahead to add new features to the product to make it stand out for potential customers.
.
The information regarding the new product should be explained in the explanation part.
The following information should be considered:
There is one good way for knowing how to effectively develop a product and also there is a wide range of consumers is to watch out for trends.By using the internet and social media, a producer can tell what product consumers would be ready to purchase at a specific period.Learn more: https://brainly.com/question/25300841?referrer=searchResults
X Company acquired land in Costa Rica for a total cost of $45,000,000. Engineers conducted a study at an additional cost of $500,000 to determine that there were oil reserves that should yield approximately 1,000,000 barrels of oil. The purchase agreement includes a requirement that the land be restored when the oil has been extracted, which is expected to cost $1,300,000, after which the land is expected to be worth $4,500,000. In 20X2, X Company incurred $200,000 in development costs and extracted and sold 130,000 barrels of oil. How much depletion will X Company recognize during 20X2
Answers
Answer:
X Company will recognize $819,000 depletion in 20X2.
Explanation:
Depletion Expense = (Cost - Salvage Value) × (Period`s Production / Total Expected Production)
= ($45,000,000 + $500,000 + $1,300,000 - $4,500,000) / ( 130,000 / 1,000,000)
= $819,000
Note : Cost of Land Includes Purchase Price and any costs directly incurred in placing the land in condition required for operation by management as well as decommissioning costs.
For long term success, what type(s) of motivation is/are necessary? a. intrinsic b. extrinsicc. mostly extrinsicd. intrinsic and extrinsic
Answers
a. intrinsic type(s) of motivation is/are necessary.
How long-term is intrinsic motivation?The findings demonstrated the long-term and potent boosting effects of intrinsic drive on later academic achievement, self-efficacy, identity, and course effort.
In contrast, the indicated motive could be context-sensitive and so open to change in the long-term outcomes.
There is evidence to support the claim that intrinsic motivation produces the best results in the majority of cases.
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The theory of _____ in which countries specialize in goods that have a lower opportunity cost, is citied by supporters of free trade
Answers
Answer:
comparative advantage
Explain the difference between co-signing, a joint account, and an authorized user.
Answers
Answer:
Co-signing, a joint account, and an authorized user are all ways in which multiple people can be involved in managing a single account, but they have some key differences.
Co-signing refers to when two or more people are responsible for repaying a loan or debt. The co-signer is not the primary borrower, but they are responsible for the debt if the primary borrower fails to make payments. Co-signing is commonly used when the primary borrower has little credit history or a low credit score and needs someone with a better credit profile to co-sign in order to get the loan.
A joint account is a bank or credit account that is owned by two or more people. Each person has full access to the account and can make deposits or withdrawals, write checks, and make purchases. Joint accounts are commonly used by married couples or partners, but can also be used by business partners or family members.
An authorized user is someone who is added to a credit card account by the primary cardholder. The authorized user can use the card to make purchases, but they are not responsible for repaying the debt. The primary cardholder is responsible for all the charges on the card. Authorized users are commonly used to help a person who has no credit or poor credit to establish a credit history, or as a convenience for a parent or partner.
In a nutshell:
Co-signing: A Co-signer guarantees the debt but not a full access.
Joint account: Both have full access and are responsible for the debt
Authorized user: Has access to the account but only primary user is responsible for the debt.
When it comes to the management of finances or funds in an organization there are various solutions accessible, each with its own set of benefits and drawbacks based on which selection is made.
What is an authorized user?When is someone who has been granted authorization to use a credit card or bank account but is not liable for the debt or the funds in the account is called an authorized user.
A joint account is a bank account shared by two or more people. Each account holder has identical access to the account's funds and is accountable for its management.
A co-signer is someone who agrees to be liable for the loan if the primary borrower is unable to pay it back. Borrowers with a limited credit history or a history of loan defaults often choose this option.
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Briefly analyse the role of the public manager by indicating his/her role in directing all resources towards achieving strategic objectives
Answers
The role of the public manager is to plan, organize, direct and control organizational resources to achieve strategic objectives.
What are the responsibilities of public managers?It is a professional responsible for managing resources in order to satisfy the needs of a public, as in governmental institutions whose objective is to promote public health and safety.
Therefore, a public manager must be able to analyze the needs and manage an organization effectively to achieve the objectives determined by planning.
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Britain is becoming more of an entrepreneurial country as the number of new
businesses continues to grow. In 2019 there were 5.8 million small businesses.
This was an increase of 3.5% from 2018.
How many small businesses set up in 2019?
SELECT ANSWER
20,300
5.6 million
203,000
1.66 million
Answers
Answer:
5.6 million
Explanation:
As previously mentioned, at the start of 2019 there were 5.9 million businesses in the UK, up from 5.6 million the previous year.
in your communication plan, who is the sender/owner responsible for communicating the training schedules, locations, and other details to office green employees?
Answers
Project manager is indeed the sender/owner accountable for informing office green personnel of the training schedules, places, and other specifics as stated in the communication strategy.
Explain the role of Project Manager?The person in charge of carrying out the project is the project manager.
Working within established reporting structures, the project manager is accountable for:
creating and utilising effective project management.requirements for the NI Gateway Assessment Process's integration.overseeing the creation of the necessary deliverables.planning and project management.implementing any form of delegation and employing roles for project assurance.within established reporting frameworks.Project, stage, and exception plans should be created and maintained as needed.managing project risks, which includes creating backup plans.If the project is a component of a programme, coordination with programme management and related projects is necessary to make sure that no work is missed or done twice.Thus, project manager is indeed the sender/owner accountable for informing office green personnel of the training schedules, places, and other specifics as stated in the communication strategy.
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The marketing manager at a company producing laundry products sees great
long-term profits from selling to many consumers worldwide who care about
low prices. Which of the following tactics would best support this manager's
low-price strategy?
A. Develop products with more features than the competition offers
B. Design simple, inexpensive packaging
C. Offer a customer help line for advice in using the products
D. Work with retailers that specialize in speedy checkout and fast
delivery
Answers
The tactics that would best support this manager's low-price strategy is Designing simple, inexpensive packaging. Thus option B is correct.
What is the manager?A manager refers to a person who is responsible head of any project and helps in arranging the resources, checking the progress, and timely completion of it in order to achieve the vision and goal of the organization.
In order to cater to a large number of potential consumers the low pricing strategy is used where the manager focuses on simple and inexpensive designs which help in the affordability of consumers.
Therefore, option B is appropriate.
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Your organization wants employees to be less offensive, and it asked you to evaluate its diversity training program using an internal criterion. Three of the following questions would accomplish this goal. Which question does NOT represent an internal criterion?
Group of answer choices
Did trainees' behaviors related to diversity improve once they were back working at their jobs?
Did trainees enjoy the training?
Would trainees recommend the training to other employees?
Did trainees learn the training material?
Part of Sharon’s job is to check applicants’ references and do background checks. When would you recommend that Sharon do this?
Group of answer choices
30 days after an employee starts the job.
Only when an applicant is identified as a finalist for the job.
Immediately after an applicant submits an application or resume.
Only when Sharon believes that the information provided by an applicant is suspicious.
Answers
According to the findings, organisations in the top quartile with gender-diverse executive teams were 21% more likely than their industry peers to experience above-average profitability.
Organizations with ethnic and culturally diverse leaders outperform their peers by 33%.
Diversity training is effective when it: Establishes an inclusive, rather than divisive, company culture. Instead of simply "tolerating" different approaches that result from diverse employees, respects, seeks out, and embraces them. Attempts to build true understanding by going beyond a list of dos and don'ts.
A diverse workforce requires more than an HR seminar or workshop. When done correctly, there are real benefits to workplace diversity. More diverse workforces, for example, have been shown to be more creative, faster problem solvers, more innovative, and better decision makers. Yes, he or she will
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All of the following statements are true regarding negotiated municipal underwritings EXCEPT the:A initial offering price of each maturity must be disclosedB spread must be disclosedC participation amount of each underwriter must be disclosedD customer must be sent a copy of the Official Statement, if available
Answers
Answer:
D
Explanation:
customer must be sent a copy of the official statement, if available
The class trip is going to cost each of the fifty
students $130.00. If tax is 5%, what is the total
cost for the entire class?
Answers
Answer:
$6,825.00
Explanation:
50x$130=$6,500.00
$6,500 × 5% = $325.00
$325.+$6,500=6,825.00
the length and Length breadth and height of a room in a house are 8m 6m and 4m respectively the house on a decides to paint the four walls of the room at the cost of ,0.04 square of wall how much will the owner spend in painting the walls
Answers
Answer:
\(Cost\ of\ 112m^2 = 4.48\)
Explanation:
Given
Dimension
\(Length= 8m\)
\(Breadth = 6m\)
\(Height = 4m\)
Cost per \(m^2\) = 0.04
Required
Determine the total cost to paint 4 walls
First, we need to calculate the area of the 4 walls.
\(Area = 2*(Length * Height) + 2 *(Breadth * Height)\)
Substitute values for Length, Breadth and Height
\(Area = 2*(8m* 4m) + 2 *(6m* 4m)\)
\(Area = 2*(32m^2) + 2 *(24m^2)\)
\(Area = 64m^2 + 48m^2\)
\(Area = 112m^2\)
Cost per \(m^2\) = 0.04.
\(Cost\ of\ 112m^2 = 112 * 0.04\)
\(Cost\ of\ 112m^2 = 4.48\)
Making the buying and selling of a good illegal shifts the demand curve ________ and shifts the supply curve _______A. leftward; leftwardB. demand; leftwardC. supply; leftwardD. decrease; less than; decrease
Answers
Option a: When a trade becomes illegal, the demand curve for a good move to the left and the supply curve moves to the left.
The supply curve can change depending on many variables, including: Changes in production costs (eg, raw material and labor costs), technological advances, levels of competition and number of vendors/producers, and changes in the regulatory and tax environment.
The demand curve can shift completely to the right or left depending on changes in variables such as average income and preferences. For this reason, it is required more or less at a certain price. As before. The demand curve shows the relationship between price and quantity demanded, when other parameters remain unchanged.
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________ consumption occurs with objects and events that are considered to be ordinary and everyday. sacred profane objectified ritualized
Answers
Ordinary consumption occurs with objects and events that are considered to be ordinary and everyday, such as basic food items, household products, or daily routines.
Ordinary consumption refers to the act of acquiring and utilizing goods and services that are considered commonplace and part of our everyday lives. It involves the acquisition and use of ordinary objects and participation in routine events that are not perceived as special or sacred.
In this context, objects and events are regarded as ordinary because they lack significant symbolic or cultural value beyond their utilitarian purpose. They are typically mass-produced and easily accessible to the general population. Examples of ordinary consumption include purchasing groceries, using household items like cleaning supplies or kitchen utensils, and engaging in daily activities like commuting to work or watching television.
Ordinary consumption is distinct from sacred consumption, which involves objects and events imbued with deep cultural, religious, or symbolic meanings. Sacred consumption is associated with rituals, ceremonies, and special occasions that hold spiritual or significant social value. In contrast, ordinary consumption is characterized by its mundane nature, as it relates to the routine and practical aspects of our daily lives.
Understanding the distinction between ordinary and sacred consumption is important for marketers and sociologists alike. It helps businesses identify target markets and design strategies tailored to meet the needs and desires of consumers in different contexts. Additionally, studying consumption patterns and rituals can shed light on the cultural, social, and economic dynamics of a given society.
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a scrum team consists of the following a. project manager b. program manager c. product owner d. product manager
Answers
The following individuals make up a Scrum Team: developers, product owners, and scrum masters.
Who makes up the scrum team?The Scrum master, the product owner, and members of the development team make up a Scrum team. Many people like the Scrum project management process. A Scrum Team is a group of people who collaborate to deliver the committed and desired product increments. All work that is completed for the customer inside the Scrum Framework is done by dedicated Scrum A Scrum Team needs everyone on the team for it to function successfully. Actually, a rugby scrum served as its inspiration. In order to work together to advance the ball, the rugby team forms what is known as a scrum.
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Question #4
Multiple Choice
Values are principles that typically guide or influence an individual's decision-making process. Two
areas of life most often affected or influenced by values include
emotions and reactions
decisions and responses
physical health and feelings
attitudes and behaviors
Answers
The two spheres of life that are most frequently impacted or altered by values are attitudes and behaviors. The correct response is option (4).
Define attitudes and behaviors.An individual's attitude is defined as their mental perspective, or how they feel or think about someone or something. Behavior describes the actions, motions, conduct, or behaviors of an individual or a group toward other individuals. built upon. Experience and observation.
When people put more focus on their own attitudes and feelings, they tend to act more in line with those feelings, therefore there is a link between attitude and behavior. Additionally, when people feel greater responsibility for their individual actions rather than the actions of a collective, their opinions are more consistent with their behavior.
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Fixed costs that usually arise from annual spending decisions by management are called?
Answers
Fixed costs that usually arise from annual spending decisions by management are discretionary costs.
What is CBA?CBA is an acronym for cost-benefit analysis and it can be defined as a financial technique (utilitarianism) which is used by individuals, business firms and government to examine and compare the cost that is associated with a product, project or task and the benefits that would be derived from it.
What is a discretionary cost?A discretionary cost can be defined as a type of fixed cost that is usually generated from various annual spending decisions by the executive management of a business organization.
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This is for my class in finance
What is one way to minimize the impact of unplanned spending on a budget?
I will mark brainliest !!!
Answers
Answer:
1. Work with credit card companies. ...
2. Sell your stuff. ...
3. Earn extra income. ...
4. Take on a short-term money loan. ...
5. Re-budget to live below your means. ...
6. Ask for a paycheck advance. ...
7. Make sure you're prepared for next time.
20 POINTS AND WILL GIVE BRAINLY
PLS ANSWER
Answers
Why did U.S. leaders decide to create the Federal Reserve?
A. The United States needed to have a single type of currency.
B. Economic panics showed that the banking system was not stable.
C. State banks needed the power to create their own currencies.
D. Small banks requested additional government oversight.
Answers
Answer:B, Economic panics showed that the banking system was not stable.
Explanation:APEX
The U.S. leaders decide to create the Federal Reserve for as Economic panics showed that the banking system was not stable Option(b) is correct.
How U.S. leaders decide to create the Federal Reserve?The Federal Reserve is broadly viewed as perhaps of the main monetary establishment on the planet. The Fed can either be a harmless assistance or a cranky test, and its style is generally an element of the Federal Reserve's leading group of lead representatives.
The United States was impressively more unsteady monetarily before the production of the Federal Reserve. Panics, occasional money crunches and a high pace of bank disappointments made the U.S. economy a more hazardous spot for worldwide and homegrown financial backers to put their capital. The absence of reliable credit hindered development in numerous areas, including farming and industry.
Americans from the get-go, in any case, likewise didn't need a national bank, as they considered this to be a model in view of the Royal Crown and its Bank of England. New America would have rather not been made in that frame of mind of Britain, and furthermore preferred a more decentralized state-by-state way to deal with its political economy.
Therefore Option(b) is correct.
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Tom, a customer care executive, receives an order of 25 personal computers from a customer who wants the goods to be delivered to him in two days. Tom needs to inform the customer of that there will be a delay in shipping goods in bulk in such a short span of time. In order to maintain trust, Tom should: _________
a. update the customer only when they enquire on the delay in the shipment.
b. update the customer regarding the delay as per his own convenience.
c. update the customer regularly and keep the customer informed of any further delay
d. update the customer only when he or she raises a complaint regarding non-receipt of goods.
Answers
Answer:
b. update the customer regarding the delay as per his own convenience.
Based on the given information, Tom should update the customer regarding the delay at his own convenience. Thus the correct option is B.
What is a Customer?A customer is referred to as an individual who purchases a product or service. He may or may not be the consumer. A consumer refers to a person who utilizes or consume goods and service.
In the given case, it is explained that A customer orders 25 personal computers for Tom, a customer service representative, and requests that the items be delivered to him in two days.
Now it is observed that the order is getting delayed, in order to maintain trust with the customer he should inform the client of the delay at his earliest possible opportunity to avoid any dissatisfaction among customers.
Customer satisfaction is the key to the success of any business which can be achive through better customer service. If any delay is caused it is better to inform than to create any misunderstanding or confusion for later.
Therefore, option B is appropriate.
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What does it mean to use diverse marketing strategies?
Answers
Answer:
Diversity refers to the fact that there are various ethnic or cultural groups within society. By using diverse marketing strategies, you appreciate this societal makeup with all of its different talents, needs, interests, and skills. It also means tolerating different preferences and ways of life — even in religious or sexual orientation.
Explanation:
Which of the following best describes a stock.
A) An incredibly stable investment that is always a safe investment
B) Is insured by the FDIC
C) Represents a share of ownership of a corporation
D) Only sold in the United States
Answers
Answer: C
Explanation: A stock represents a share of ownership of a corporation. Stocks are bought by people so they can get money. If the company's stock they by it from goes well, they get money as well as interest. The answer is C. Hope this helps!
Client 4
My business partner and I are 25 and 26 years old. We run a small but growing business. We buy auto parts made in Taiwan for American cars. Then we sell the parts to auto repair shops in five cities in our state and two cities in nearby states. We are now getting requests for our auto parts from auto repair dealers in four new states. To meet these requests, we will need a major expansion of our warehouse, and we will need to hire some new employees.
What type of business organization do you recommend? Why?
Answers
Partnership is the type of business organization recommended
What is partnership?A partnership business, by definition, consists of two or more people who combine their resources to form a business and agree to share risks, profits and losses
Partnership is when two or more people are in business together.
Advantages of partnership includes:
You have an extra set of hands.You benefit from additional knowledgeYou have less financial burdenThere is less paperwork. There are fewer tax formsYou can't make decisions on your ownLearn more about partnerships at:https://brainly.com/question/14034519
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in its relationship with an agent, an exporter is known as the:
Answers
An exporter's connection with an agency is referred to as the Principal. Here option A is the correct answer.
In the context of international trade, an exporter refers to a business or individual who sells goods or services to buyers located in other countries. When an exporter engages the services of an agent to facilitate their international sales, the exporter assumes the role of the principal in the relationship. The agent, acting on behalf of the exporter, represents their interests and promotes their products or services in the target market.
The exporter, as the principal, maintains control over the export process and retains ownership of the goods or services being sold. They establish the terms and conditions of the export agreement, including pricing, payment terms, and delivery arrangements.
The agent, on the other hand, acts as an intermediary, working closely with the exporter to find potential buyers, negotiate contracts, handle documentation, and facilitate the export transaction. By establishing a relationship with an agent, the exporter can leverage the agent's local knowledge, contacts, and expertise in navigating the target market.
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Complete question:
In its relationship with an agent, an exporter is known as the:
A) Principal
B) Supplier
C) Importer
D) Distributor
A blind help-wanted ad is usually for door-to-door salespeople.
True or False
Answers
It seems very unlikely that a blind person would go door to door to ask for help.
In a free market economy, the market, not the
determines prices. The interactions of
and
determine the price in the market?
Answers
Answer: 1. government , 2. consumers , 3. producers
Explanation: edmentum / plato
Which of the following types of business environment is MOST typical of the Commonwealth Caribbean
Answers
a) Corporate state
b) Mixed economy
c) Centrally planned
d) Perfectly competitive
Answer is b) Mixed economy
What is the hazard? Chris works for a city public works department. One hot afternoon the temperature outside reached 92 degrees. While Chris was shoveling dirt in a vacant lot, he started to feel dizzy and disoriented. He fainted due to the heat.
Answers
Answer: dehydration
Explanation:
Answer:
dehydration and heat exhaustion.
Explanation:
I hope this helps! :)