On Oetober 25 the Cash register reading For Wabel Company shows a total amount of sales plus sales tax of 112,000 . Sales are subject to 12% sales tax. CLO-1). Instructions: 1. Compute the amount of sales net of tax? (1.5 marks) ( CLO-1). 2. Prepare the journal entry to record the sale in Wabel Company books for the month of October.
Answers
The total amount of sales plus sales tax is $112,000. Since sales are subject to a 12% sales tax, we can calculate the sales tax amount by multiplying the total amount by 12%: $112,000 x 12% = $13,440.
To compute the sales net of tax, we subtract the sales tax amount from the total amount: $112,000 - $13,440 = $98,560. Therefore, the sales net of tax for Wabel Company is $98,560.
To record the sale in Wabel Company's books for the month of October, we would make the following journal entry:
Date: October [date]
Account Debit Credit
Cash [amount of sales net of tax]
Sales Revenue [total amount of sales]
Sales Tax Payable [sales tax amount]
The debit to Cash represents the amount of sales net of tax received in cash, the credit to Sales Revenue records the total amount of sales including tax, and the credit to Sales Tax Payable represents the sales tax amount that will be remitted to the tax authorities.
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Related Questions
Which view is used to enter data into an Access table by default?
Datasheet
Grid
Design
Layout
Answers
The answer is Datasheet.
What is the datasheet view?A web datasheet view in an Access app displays online data arranged in rows and columns in a web browser. It can allow data edits or not, as you prefer. When you create a web datasheet view in Access, it opens in Design View, where you can set the record source.
Which view is used to display the data of the table?In relational databases, data is structured using various database objects like tables, stored procedures, views, clusters, etc. This article aims to walk you through 'SQL VIEW' – one of the widely-used database objects in SQL Server.
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What is collateral?
•
a type of unsecured credit
O property given as security for a loan
funds borrowed to buy property
a payment to reduce overall debt
Answers
A collateral is a property given as security for a loan. Thus, the correct answer is option B.
What is a collateral?A valuable asset that a borrower offers as collateral for a loan is known as collateral in the financial industry.
The house is used as collateral for the financing when a home buyer gets a mortgage. The automobile is the security for a car loan. When a company seeks bank financing, it may use valuable assets like real estate or machinery as collateral for the loan.
An unsecured loan has a higher interest rate than one that is backed by collateral. If there is a default, the lender has the right to transfer the collateral to make up the difference.
Therefore, property given as security for a loan is a collateral
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Which factors can affect a stock's price? Check all that apply.
market performance
the company's financial health
the quantity products produced
location of the company
the economy
Answers
Answer:
market performance
the company's financial health
the economy
Explanation:
Stocks or shares represent small units of ownership in a business. The stocks of a public limited company are traded in the stock exchange markets. Investors trading shares are guided by the potential to make profits in deciding what shares to buy.
Share that shows signs of good returns attract many buyers. Investors will focus on a company's financial health as presented in financial statements, the overall state of the economy, and the general market performance to evaluate profits potential. If the conditions are favorable, a stock price will always be rising and present opportunities for profits.
Answer:
1, 2, 5
Explanation:
Which situations offer examples of Banking and Related Services workers? Check all that apply.
Anna analyzes loan applicants to decide whether to give them loans.
Aaron helps customers put money into and remove money from their accounts.
Jared researches the credit history of people applying for credit.
Tamara reviews the finances of a business to determine whether it is profitable.
Raquel helps individuals and companies prepare their tax forms.
Troy helps a family create a budget to save more money.
Answers
Anna provides loan applicants to decide to give them loans, put money into and remove money from their accounts and Jared researches the credit history, hence options A, B and C are correct.
What are Banking and Related Services workers?The five most significant banking services include checking and savings accounts, loan and mortgage services, wealth management, issuing credit and debit cards, and overdraft services.
An individual who works for a bank and assists customers with standard financial transactions is known as a bank teller or bank clerk.
They do daily tasks that include processing withdrawals, making deposits, and giving customers of bank money orders or cashier's checks.
Therefore, these services also comprise analysis loan applicants with basic features and a device for utilizing the account (such as a debit card and online banking ID), hence options A, B, and C are correct.
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Answer:here the answer for this question
Explanation:edge2023
An increase in a firm's number of shares outstanding without any change in owners' equity is called a:
Answers
An increase in a firm's number of shares outstanding without any change in owners' equity is called a stock split.
In a stock split, the company divides its existing shares into multiple shares, effectively increasing the total number of shares available in the market.
The split is usually expressed as a ratio, such as 2-for-1 or 3-for-1. As a result of the stock split, the price per share is adjusted proportionally. The primary goal of a stock split is to make shares more affordable and increase liquidity by attracting a larger number of potential investors. While the total value of owners' equity remains the same, the number of shares held by each shareholder increases, maintaining their proportional ownership stake in the company.
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Straight commission plans are plans that Group of answer choices are common among insurance and real estate agents. are useful when the organization wants salespeople to concentrate on listening to customers. provide a straight salary to employees. are uncommon among car salespeople. are used to attract risk-averse employees.
Answers
Answer:
are common among insurance and real estate
Explanation:
The straight commission plans are the plans that are given to the employee by the company in terms of the sales to be done by the employee. It is basically a straight commission that depend upon the percentage of the sales made. No extra salary or amount should be given
So this would be common in the insurance and real estate area as it deals in buying and selling of insurance and real estate properties
hence, the first option is correct
Social workers help to improve the quality of life for their clients.
A-True
B-False
Hurry
Answers
Answer:
A
Explanation:
Answer:
I think True
Explanation:
How impactful was late shipments on customer questions?
Answers
There is some impact on customer questions due to delay in shipments.
As can be seen from the data that percentage shipped on time has been falling month on month (though) at a declining rate. This definitely would have caused some concerns in the minds of consumers leading to higher customer questions. However the customer questions have been rising month on moth (increasing trend) while shipments have been delayed at declining rate, which points to the fact that there are other reasons too for rising customer questions.
According to the study, 69% of consumers "are least interested in shopping with such a retailer in the future" due to shipping errors on customer questions.
For instances like when a purchased item is not delivered two days after the promised date.
Transporting Mistake
It alludes to any kind of mix-ups which are in the shipment details, that incorporate, distribution center mistake with practically no impediment,, picking blunder, , overage, naming blunder, any Item lack, harm ,requesting blunder.
Chargebacks are one of the many consequences of shipping errors. Other consequences includeclients ends up being MiserableBombed conveyances equivalent additional fuel and driver finance.Returns on products equal additional operating expenses.Concerns from customers about the productCustomers have negative perceptions of the business.since when they shop online, customers always expect perfection. Throughout this process, the business frequently fails to satisfy customers.To know more about shipments visit
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based on the breadth of tasks fulfilled by genealogists at ancestry described in the article, which alternative to job specialization has likely been used in job design to overcome the problems associated with overly specialized jobs?
a. Work teams
b. Job enlargement
c. Job rotation
d. Job enrichment
Answers
Option (c), Job rotation, an alternative to job specialization, has likely been employed in job design to address the issues with excessive job specialization, according to the range of duties carried out by genealogists at ancestry as detailed in the article.
How could job rotation help with the problems caused by job specialization?Employees are trained in advance by managers so they can rotate jobs and gain a variety of skills and experiences. It is necessary for someone to fully develop. Also, they are aware of the problems other departments are experiencing and attempt to adapt to or address them.
What other types of employment are there?Employment specialization was initially replaced by job rotation, job enlargement, and job enrichment. The five aspects of skill diversity, task identity, task relevance, autonomy, and feedback are said to boost a job's capacity to motivate personnel.
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Compare Chapter 7 and Chapter 13 of the Bankruptcy Code.
liquidate assets
develop payment plan
make payments over 3 years
Answers
Answer:
Liquidate assets- Chapter 7
Develop payment plan & make payments over 3 years- Chapter 13
Explanation:
If you are referring to the test on plato (edmentum) this is correct.
The comparison of the Bankruptcy Code according to the chapter 7 is liquidate assets and according to the chapter 13 is develop payment plan and make payments over 3 years.
What do you mean by the Bankruptcy?A person or business may file for bankruptcy if they are unable to pay their debts or other commitments.
A petition is filed, either on behalf of the debtor, which is more often, or on behalf of creditors, which is less frequent, to start the bankruptcy process.
One significant distinction between Chapter 7 and Chapter 13 bankruptcy is that within a predetermined time period, Chapter 7 bankruptcy permits clients to totally discharge their unsecured debt. In contrast, Chapter 13 enables debtors to reorganize their debts while making partial payments on their debts.
Therefore, the comparison of the Bankruptcy Code according to the chapter 7 is liquidate assets and according to the chapter 13 is develop payment plan and make payments over 3 years.
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how existing businesses changed the way they operate to keep afloat during the lockdown periods.
Answers
Answer:
Combine speed and stabilityTurn digitization into an advantageDrive systemic change through cooperationExplanation:
Office companies moving to at home working
Shops creating online shops
Rotten managers are to blame for the surging wave of job burnout — and the fix has to come from them, not overworked employees.
Answers
The burnout from the jobs are to be fixed in ways that are different from the workers taking more vacations.
What are job burnouts?
These are work related stress and experiences that may result in a state of physical and emotional exhaustion.
This can lead to a reduction in the performance and the accomplishment of workers.
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The carrying value of bonds at maturity always equals:.
Answers
The carrying value of a bonds at the time of maturity will always equals: par value.
What is Par value?Par value can simply be defined as the price of a bond or face value of a bond.
The carrying value of bonds at the time of maturity will always equals par value by adding or lessing the carrying amount or unamortized discount or unamortized premium.
Inconclusion the carrying value of a bonds at the time of maturity will always equals: par value.
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Do you think large multinational corporations in general like Wal-Mart, Apple, McDonalds and Frito Lay are good or bad for the world? Is "globalization" another word for “Americanization”? Why or why not? (3 points) Explain using complete sentences.
Answers
Answer:
I think multinational corporations in like these are bad. Because even people on diets or trying to diet, and people buy it for them not knowing its hard for them to say no.
Explanation:
d.
What is the difference between Sources of Information and
'Methods of Getting Information' in foreign employment?
Answers
The difference between Sources of Information and 'Methods of Getting Information' in foreign employment is network technology.
The network technology involves the use of data systems to manage and deliver digital resources over a computer network.
The sources of information in foreign employment as notice board, newspaper, electronic media ( radio, FM, television) with some online websites.
The Methods of Getting Information' are basically offline tools like notice board, public programs etc.
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Match the scenario to the organization/team responsible.
1. As a result of a tornado, many water pipes are broken and it is feared sewage is leaking into the drinking water.
A. CDC
2. As a result of an earthquake, many stores cannot sell food and it is feared some crops have been contaminated.
B. DHS
3. As a result of a disaster, it is determined the local resources cannot adequately address all the needs of a community.
C. FDA
Answers
Answer:
A. people were drinking contaminated water
Explanation:
which of the following is a macroeconomic factor that contributed to the financial crisis in 2007? group of answer choices deeper levels of integration across financial markets challenges and failures in financial regulation financial market innovation global saving and investment imbalances
Answers
The financial crisis in 2007 was primarily caused by a combination of macroeconomic factors, including deeper levels of integration across financial markets, challenges and failures in financial regulation, and financial market innovation.
These factors contributed to the buildup of systemic risk in the financial system, which eventually led to the collapse of several major financial institutions and a widespread credit freeze. Additionally, global saving and investment imbalances played a role in exacerbating the crisis, as they created a demand for high-yielding assets that helped fuel the growth of the subprime mortgage market. Overall, the financial crisis of 2007 was a complex and multifaceted event that reflected the interplay of many different macroeconomic factors.
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Choose a bank in your community and ask for the forms that you need to fill out in order to open a checking account and a savings account. You may be able to get the forms from the bank branch or to download them from the bank’s website. Fill out both forms.
Then, for each account type, describe the following requirements:
- the information the bank wants
- the documentation required to support the information you provided
- the agreement you’re entering into with the bank by signing the form
(for finance class)
Answers
Answer:
This applies for the Bank of America
- the information the bank wants
For opening a savings or a checking account, the Bank of American only needs some basic personal information, and at least $25 from you, in order to start the account.
- the documentation required to support the information you provided
You need to provide the Bank with these documents:
A primary ID (for example, a driver's license, or a state's issued ID with photo)
A secondary ID (For example, a college ID)
Current mailing address
Social Security Number
Email address
Account number (in case you already have an account)
- the agreement you’re entering into with the bank by signing the form
The agreement is too long to transcribe in this answer, but it essentially compromises you to accept the terms or service of Bank of America. It also gives you information about how the Bank of America will manage your account, and how it will protect its security.
Answer:
Bank of America
- the data the bank needs
For opening an investment funds or a financial records, the Bank of American just necessities some fundamental individual data, and at any rate $25 from you, to begin the record.
- the documentation needed to help the data you gave
You need to furnish the Bank with these reports:
An primary ID (for instance, a driver's permit, or a state's given ID with photo)
A secondary ID (For instance, a school ID)
Current postage information
Social Security Number
Email address
Account number (on the off chance that you as of now have a record)
- the understanding you're going into with the bank by marking the structure
The arrangement is too long to even think about interpreting in this answer, however it basically bargains you to acknowledge the terms or administration of Bank of America. It likewise gives you data about how the Bank of America will deal with your record, and how it will ensure its security.
Explanation:
what is the most money you get in a job?
Answers
Answer:
it depends on the job but it is a Anesthesiologists
Answer:
I think being a rapper or being in the NBA OR NFL OR MLB
Explanation:
How long does it take to get a doctorate in education?
Answers
what is equilibrium income if the aggregate expenditures function is ae = 300 .4y?
Answers
The equilibrium income, where aggregate expenditures equal income, is 500 in this case.
To find the equilibrium income, we need to set the aggregate expenditures (AE) equal to the income (Y). In this case, the aggregate expenditures function is given as AE = 300 + 0.4Y.
At equilibrium, AE equals Y. Therefore, we can set the equation equal to itself:
Y = 300 + 0.4Y
To solve for Y, we can simplify the equation:
0.6Y = 300
Dividing both sides of the equation by 0.6:
Y = 300 / 0.6
Y = 500
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if net income is $2,700 and owner withdrawals are $9,600, how much did the owner contribute (owner, capital)?
Answers
The owner contributed $9,600. This amount is taken out of the owner's capital account and added to the owner's personal account. This reduces the net income of the business from $2,700 to a loss of $6,900.
Owner contributions, also known as capital contributions, are the funds that owners put into a business to finance its operations. When a business is started, the owner typically puts in some of their own money to get the business up and running. These contributions can include cash, personal or business property, or services.
In this case, the owner contributions are equal to the difference between the net income and the owner withdrawals. Net income is the total amount of money earned by a business after all expenses have been paid and taxes have been deducted. Owner withdrawals are the amount of money taken out of the business by the owner for their personal use.
To calculate the owner contributions, subtract the owner withdrawals from the net income. In this case, the owner contributions are equal to $2,700 - $9,600 = -$6,900. This means that the owner put in $6,900 more money than they withdrew from the business.
Owner contributions are an important part of a business's capital structure. By contributing their own funds, the owner is investing in their business and demonstrating their commitment to its success. This can be used to help secure financing from other sources, such as lenders, investors, or venture capitalists.
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what advantages does the forecasted financial statement method have over the afn equation for forecasting financial requirements?
Answers
The forecasted financial statement method has several advantages over the AFN equation for forecasting financial requirements. These advantages include:
More comprehensive analysisMore accurate forecastsBetter decision makingWe proceed to analyze the main advantages of the forecasted financial statement method:
More comprehensive analysis: The forecasted financial statement method considers all the elements of the financial statement, including assets, liabilities, and equity. This provides a more comprehensive analysis of the company's financial requirements than the AFN equation, which only considers the additional funds needed.More accurate forecasts: The forecasted financial statement method uses historical data and trends to make more accurate forecasts of the company's financial requirements. This is more reliable than the AFN equation, which relies on assumptions and estimates.Better decision making: The forecasted financial statement method provides a more detailed analysis of the company's financial requirements, which can help management make better decisions about the company's future financial needs.See more about financial statement at https://brainly.com/question/20715261.
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Which of the following statement is INCORRECT
in describing the purpose of bypass diode for the PV panel? Group
of answer choices It minimizes power loss under heavy shadow It
restores the PV panel vo
Answers
The statement which is incorrrect in describing the purpose of bypass diode for the PV panel is "It increases the current rating of a solar panel." Therefore, option C is the answer.
Bypass diodes are not specifically designed to increase the current rating of solar panels. Their main function is to provide a current path to bypass shadowed or failed cells in the solar panel. This minimizes power loss in heavy shade, bypasses the affected cells to restore panel voltage, and reduces shade-induced hotspot formation.
Bypass diodes allow current to flow around shaded or failed cells without significantly impacting the overall performance and efficiency of the solar panel.
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The complete question is:
Which of the following statement is INCORRECT in describing the purpose of bypass diode for the PV panel? Group of answer choices
A. It minimizes power loss under heavy shadow
B. It restores the PV panel voltage minus the affected cell(s)
C. It increases the current rating of a solar panel
D. It help reduces the creation of hot spot due to shading of the cell(s)
E. It provides a current path to bypass the shaded cell(s)
You are looking for a sales associate position in a retail store. You find an online job posting for a retail store that sells casual apparel for young men and women. What are some ways that you could find out more information about the company before you apply for the retail store position?
Answers
You can learn more about the position from a variety of sources, including job advertisements, career counselors, career profiles, and your network of friends.
What are some methods by which you could learn more about the business?
1. Career profiles: You can talk with people using these to learn more about jobs and obtain interview preparation advice.
2. Career counselors: They are the ideal people to assist you in finding a job.
3. Job Advertisement: This is a fairly straightforward technique to learn about the fundamental requirements and assess how well you meet them.
4. Network: Knowing the job and succeeding at it both depend on networking.
Here, you can learn more about the sales associate position in detail by reading the job description on the firm's website or in a job portal, browsing the website to get ready for the interview, and connecting with your friends to learn more about the profile in general.
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Larger companies will nudge employees to save by offering to match ________ For example, an employee contributes 5% of his salary and the company will match it, with another 5%. The total is 10% of earnings, a respectable level. It is equivalent to a 5% raise except the money cannot be spent immediately.A. charitable contributionsB. retirement savingsC. volunteer time with time-off
Answers
Larger companies will nudge employees to save by offering to match retirement savings. Hence option B. is correct.
What is employee matching contribution?Matching contributions are contributions that employers make to their employees' company-sponsored retirement savings plans. An employer's matching contribution is typically a percentage of the employee's deferral or contribution to the plan. The majority of employer matching contribution programs require the employee to contribute a certain amount of money to the plan before the employer contributes. A matching contribution is also known as a matching deposit.
In conclusion, a company will often provide an employee match for retirement savings contributions. This practice of offering matching contributions is designed to help employees save more for retirement and is commonly offered as a benefit by larger companies.
Hence option B. retirement savings is correct.
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What is the name for the process of paying attention to important properties while ignoring nonessential details?
Answers
Answer:
Abstraction
Explanation:
Abstraction can be defined as the doing way of some details that are not too necessary so that the main subject or features have maximum attention.
absstraction is very important in the aspect of object oriented programming
It should be noted that the process of paying attention to important properties while ignoring nonessential details is Abstraction.
Olde ple designs and manufactures shoes Olde ple can select only one of two protsenth of which wow Depending on the state of the economy, nach project has different throws Project Casual shoes Formal shoes Weak Economy 200,000 800,000 Strong Economy 1.600.000 1.400,000 The probability of a weak economy is 45% and a strong economy in 65%. The firm needs to raise 600.000 cott toner om next year Calculate the total firm wealth for both projects in both scenarios. If Olde ple's managers wish to maximize the total wealth of the who they invest in? Calculate the wealth available to shareholders for both projects in both scenarios. It Olde ple's managers wish to maximize shareholder en which proact should they invest in? mark it.
Answers
To calculate the total firm wealth and wealth available to shareholders for both projects in both scenarios, we can multiply the profits of each project by their respective probabilities.
Let's calculate the total firm wealth: For Project Formal shoes: Weak Economy: 800,000 * 0.45 = 360,000 Strong Economy: 1,400,000 * 0.65 = 910,000 Now, let's calculate the wealth available to shareholders: Assuming the cost of capital is 600,000: For Project Casual shoes: Weak Economy: 90,000 - 600,000 = -510,000 (Loss) Strong Economy: 1,040,000 - 600,000 = 440,000 To maximize total firm wealth, Olde Ple should invest in the project with the highest total firm wealth. In this case, it would be Project Formal shoes, which has a higher total firm wealth in both scenarios. To maximize shareholder wealth, Olde Ple should invest in the project that provides a positive wealth available to shareholders. In this case, it would be Project Formal shoes in the strong economy scenario, which has a wealth available to shareholders of 310,000.
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The federal False Claims Act can be beneficial for both the government and whistleblowers because both can benefit financially from successful qui tam lawsuits ?True or False
Answers
True. The federal False Claims Act is a law that allows individuals to file qui tam lawsuits on behalf of the government against companies or individuals that have defrauded the government.
If the lawsuit is successful, the government can recover damages and the whistleblower who initiated the lawsuit can receive a portion of the recovery, typically between 15-30%. This incentivizes individuals with knowledge of fraud against the government to come forward and report it, which helps the government recover funds that were fraudulently obtained. The False Claims Act has been a successful tool for the government in combating fraud, waste, and abuse, and has resulted in the recovery of billions of dollars. Overall, the False Claims Act benefits both the government and whistleblowers financially, and serves as an important deterrent against fraud and corruption.
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The following list accurately represents levels of organization in the body from smallest tolargest: nucleus → chromosome → liver cell→ liver epithelial tissue → liver→ digestive systemTrue False
Answers
The given statement "The following list accurately represents levels of organization in the body from smallest tolargest: nucleus → chromosome → liver cell→ liver epithelial tissue → liver→ digestive system" is False. Because the correct order of levels of organization in the body is molecule, cell, tissue, organ, organ system, and organism. The given list includes incorrect items and is not in the correct order.
The correct order of levels of organization in the body from smallest to largest is
molecule → cell → tissue → organ → organ system → organism
The list given in the question is not in the correct order and also includes some incorrect items. The correct levels of organization in the body are
Nucleus is an organelle found within a cell, and it is not a level of organization on its own. Chromosome is a structure composed of DNA that is found within the nucleus of a cell, and it is not a level of organization on its own.
Liver cell is a single cell that is part of the liver tissue. Liver epithelial tissue is a group of cells that work together to perform a specific function. Liver is an organ made up of different types of tissues that work together to perform specific functions.
Digestive system is an organ system made up of multiple organs working together to digest food and absorb nutrients. So, the given statement is false.
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