Quality Move Company made the following expenditures on one of its delivery trucks:
Mar. 20 Replaced the transmission at a cost of $1,970.
June 11 Paid $1,455 for installation of a hydraulic lift.
Nov. 30 Paid $56 to change the oil and air filter.
Prepare journal entries for each expenditure.
Journal
Accounting Equation
Date Description Post. Ref. Debit Credit Assets Liabilities Equity
1
2
3
4
5
6

average, a married driver pays $160 less per year for car insurance than does a single, unmarried driver. While being married doesn't necessarily make you a better driver, historical data show married couples are more likely to share driving responsibilities than single people.

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Based on the fact that Forward Co. discarded a machine with cost $5,000, the entry to record this transaction in the books would include a credit to Machinery.

When fixed assets are to be disposed of, the accumulated depreciation upt to that point is looked at to calculate the net book value.

This would then show the company if they made a profit or a loss when they sold the fixed asset with a profit being made when the selling price is higher than the net book value.

Regardless of the price the fixed asset is sold at, the company would record a credit to the fixed asset (machinery) account to show that the fixed asset account is decreasing.

In conclusion, there will be a credit to machinery.

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Answer:

I think the way you market a product and how you advertise it is the most important step in the sales process because you can hook your consumers on it and have them buy, and advertising your product can get it out there so more people can see it, and hopefully buy it.

Explanation:

if we are solely considering financial profitability, we should choose Project 1 over Project 2.

How to compare?

To compare the profitability of these two projects, we need to calculate the net present value (NPV) of each project.

For Project 1:

Initial investment = $55,000

Annual cash flow = $15,000

Project life = 7 years

Using a discount rate of 10%, we can calculate the NPV of Project 1 as follows:

NPV = -$55,000 + ($15,000 / 1.10) + ($15,000 / 1.10²2) + ... + ($15,000 / 1.10²7)

NPV = -$55,000 + $11,051.29 + $10,046.63 + ... + $4,583.72

NPV = $4,291.64

For Project 2:

Net present value = $5,000

Project life = 4 years

We don't have information about the initial investment or annual cash flows for Project 2, so we cannot calculate its NPV directly.

However, we know that Project 1 could be sold at the end of four years for $38,000. If we assume that this is the market value of the project at that time, then the NPV of Project 1 after four years would be:

NPV = -$55,000 + ($15,000 / 1.10) + ($15,000 / 1.10²2) + ... + ($15,000 / 1.10^4) + $38,000 / 1.10²4

NPV = -$55,000 + $11,051.29 + $10,046.63 + ... + $6,889.36 + $27,874.04

NPV = $896.32

Based on these calculations, Project 1 has a higher NPV than Project 2. Therefore, if we are solely considering financial profitability, we should choose Project 1 over Project 2.

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Larger growth opportunities based on market size would be an advantage of engaging in international trade over domestic trade. Thus, option (b) is correct.

Businesses can reach a larger market through international trade, increasing their revenue. A company can run a higher risk of failing if it primarily concentrates on the home market since it is more susceptible to domestic economic developments.

International trading enables a business to diversify its clientele and lessen its reliance on a single market.

As a result, the significance of the advantage of engaging in international trade over domestic trade are the aforementioned. Therefore, option (b) is correct.

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Your question is incomplete, but most probably the full question was.

Which of the following would be an advantage of engaging in international

trade over domestic trade?

A. Higher cost of production due to higher labor costs

B. Larger growth opportunities based on market size

C. Clear understanding of laws and statutes concerning business operations

D. Less choice for consumers because of fewer products

a) Credit Inventory for $517,800

b) Debit Inventory for $66,800

c) Credit Accounts Receivable (or Trade Receivables) for the same amount

(a) The journal entry to record the sale of merchandise from Windsor Company to Wildhorse Company on March 2nd would be:

Debit Accounts Receivable (or Trade Receivables) for $854,200

Credit Sales Revenue for $854,200

Debit Cost of Goods Sold for $517,800

Credit Inventory for $517,800

The debit to Accounts Receivable represents the amount owed by Wildhorse Company for the merchandise purchased on account. The credit to Sales Revenue recognizes the revenue generated from the sale. The debit to Cost of Goods Sold recognizes the cost of the merchandise sold, and the credit to Inventory reduces the inventory balance as the goods are no longer in stock.

(b) The journal entry to record the return of merchandise by Wildhorse Company on March 6th would be:

Debit Sales Returns and Allowances for $109,800

Credit Accounts Receivable (or Trade Receivables) for $109,800

Debit Inventory for $66,800

Credit Cost of Goods Sold for $66,800

The debit to Sales Returns and Allowances reduces the revenue from the original sale. The credit to Accounts Receivable reduces the amount owed by Wildhorse Company for the returned merchandise. The debit to Inventory increases the inventory balance as the goods are returned to stock, and the credit to Cost of Goods Sold reduces the cost of the merchandise originally sold.

(c) The journal entry to record the payment received by Windsor Company on March 12th would be:

Debit Cash (or Bank) for the amount received from Wildhorse Company

Credit Accounts Receivable (or Trade Receivables) for the same amount

The debit to Cash represents the inflow of funds from the customer's payment. The credit to Accounts Receivable reduces the amount owed by Wildhorse Company, reflecting the settlement of the outstanding balance.

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The cost of goods manufactured (COGM) is the cost of all the products that a company has manufactured during a period.

It is calculated by adding the beginning finished goods inventory to the total manufacturing costs, and then subtracting the ending finished goods inventory.

In the income statement you provided, the cost of goods manufactured is calculated as follows:

COGM = $92,000 + $3,251,000 - $127,000 = $3,224,000

Therefore, the cost of goods manufactured for Leone Company is $3,224,000.

Here is the formula for calculating COGM:

COGM = Beginning finished goods inventory + Total manufacturing costs - Ending finished goods inventory

The total manufacturing costs include direct materials, direct labor, and manufacturing overhead.

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Answer:

Assumptions and expectations are the root causes of workplace constraints.

Explanation:

To avoid workplace conflicts one needs detailed information and clarity. If we train ourselves to think in a positive way and act without anger will do wonders. Our conduct in a situation is going to be really different if we take some time to look at good intentions instead of immediately reacting. It's much more productive to turn a bunch of assumptions into a shared understanding of the information.

Answer:

Results are below.

Explanation:

To calculate the direct material price variance, we need to use the following formula:

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (19 - 18.8)*2,200

Direct material price variance= $440 favorable

Actual price= 41,360 / 2,200= $18.8

Now, we can determine the direct material quantity variance:

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (8.3*240 - 2,100)*19

Direct material quantity variance= $2,052 unfavorable

The BCG growth-share matrix is a business analysis tool that helps companies analyze their portfolio of businesses and products based on two key factors: market growth rate and market share.

"Stars" - high market growth rate and high market share products, which are expected to continue growing and generating profits;

"Cash cows" - low market growth rate and high market share products, which generate steady profits that can be invested in other areas;

"Question marks" or "problem children" - high market growth rate and low market share products, which require investment to increase their market share;

"Dogs" - low market growth rate and low market share products, which may be candidates for divestment or discontinuation.

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Career values are crucial since they can help define the parameters for your personal fulfillment and professional success. You may be intentional in your employment search and utilize your values to build your future by recognizing your own values and what matters most to you.

Work values, also known as career values, are the personal ideas, drives, and beliefs that guide you in determining what matters most to you in your professional life. Your drive to work and your overall success at work are both influenced by them.

Our actions, relationships, and lives as a whole are influenced by our own values. In addition to helping us make important decisions, our beliefs can affect how we develop personally. Knowing your values will help you make decisions about your profession, relationships with others, and interests that are most important to you.

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Answer:

The "Invisible Hand" orden a sus In his 1776 book The Wealth of Nations, Adam Smith first noted that the operation of a market system creates a curious unity between private interests and social interests. Firms and resource suppliers, seeking to further their own self-interest and operating within the framework of a highly competitive market system, will simultaneously, as though guided by an “invisible hand," promote the public or social interest. For ex- ample, we have seen that in a competitive environment, businesses seek to build new and improved products to increase profits. Those enhanced products increase society's well-being. Businesses also use the least costly combination of resources to produce a specific output because it is in their self-interest to do so. To act otherwi forgo profit or even to risk business failure. But, at the same time, to use scarce resources in the least costly way is clearly in the social interest as well. It "frees up" resources to produce something else that society desires. Self-interest, awakened and guided by the competitive market system, is what in- duces responses appropriate to the changes in society's wants. Businesses seeking to make higher profits and to avoid losses, and resource suppliers pursuing greater mon- etary rewards, negotiate changes in the allocation of resources and end up with the output that society wants. Competition controls or guides self-interest such that self- interest automatically and quite unintentionally furthers the best interest of society The invisible hand ensures that when firms maximize their profits, and resource SP ety's output and and pliers maximize their incomes, these groups also help maximize society income.

Answer:

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The thing that resulted in the board of directors taking the action regarding the pay cut for the CEO is due to A. Unethical actions in regard to a whistleblower's identity.

A whistleblower simply means an individual who can also be an employee for an organization or a government agency that discloses information to the public for wrongdoing.

Based on the complete information, it should be noted that the information illustrated was about Barclay's case study. Based on the information, the pay cut for the CEO wasn't due to the investigation by the Financial conduct authority but rather, due to unethical actions in regard to a whistleblower's identity.

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Answer:

#2 is concierge

#3 is event planner

#4 is cafeteria worker

#5 is garden ranger

#6 is exhibit developer

#7 is kitchen steward

#8 is destination manager

#9 is pastry chef

#10 is desk clerk

#11 is bell captain

#12 is slot supervisor

#13 is club membership developer

#14 is dishwasher

#15 is motion picture something?

#16 is van driver

#17 is amusement ride attendant

#18 is waiter

#19 is sports book writer

#20 is product demonstrator

#21 is festival promotional something?

#22 is animal trainer

#23 is ticket taker

#24 is tour operator

#25 is dietician

#26 is welcome center supervisor

#27 is baggage porter

#28 is cut off

#29 is restaurant owner

#30 is barista

Explanation:

HOPE THIS HELPS! :)

Answer number 1:

The contractor is required to provide the following products and services to the client according to the deal:

1. The mainframe computer cost will be $5,524,956.6

2. Installation charges will be provided by supplier at no cost.

3. Training will be provided by company for free of cost.

Earnings can be acknowledged on the statement of financial position when they are generated and received, according to the accrual basis of accounting.

Receiving the actual money is not required. The term "realizable" indicates that the customer has got the products or services, but that reimbursement is expected afterwards.

The firm's income is based on the items or services that have been supplied.

Because the mainframe computer system product was delivered on July 1, the vendor can record revenue for the device on July 1. So,  There really is no profit based on accounts of products such as implementation and training because they are to be given for free.

Answer number 2:

According to the given agreement, the buyer must pay a balance of $5,524,956.60 during 60 months, considering a 4% per year rate.

Computation:

Valuation

[Year 5 = Year 4 / (1+R)]

So,

Year 5  = $55,24,956.6

Year 4  = $53,12,458.27

Year 3  = $51,08,132.95

Year 2  = $49,11,666.3

Year 1   = $47,22,756.06

Total = $45,41,111.59

So,

Current value of the given agreement = $45,41,111.59

The vendor is entitled to $4,541,111.59 in revenue.

Answer number 3:

Interest income or revenue will IBM recognize in its December 31 regular income = The mainframe computer cost  - Current value of the given agreement

⇒ Interest income or revenue will IBM recognize = $55,24,956.6 - $45,41,111.59

⇒ Interest income or revenue will IBM  = 9,83,845.01

⇒ Monthly income = [9,83,845.01 / 60]

Monthly income = $16.397.42

Interest income or revenue will IBM recognize in its December 31 regular income = Monthly income x 6

⇒ Interest income or revenue will IBM recognize in its December 31 regular income = $16.397.42 x 6

Interest income or revenue will IBM recognize in its December 31 regular income = $98,384.50

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An agency law is a contract for an agent who acts on behalf of a company, government, or an individual called the principal. The relationship formed due to the contract between an agent and the principle is called an agency relationship.

In an agency relationship, the agent acts on behalf of the principal with their authority. The agency relationship can be created through express agreement, implied agreement, or by ratification.  Express agreement is when both parties clearly express their intention to enter into an agency relationship. Implied agreement is when the actions of both parties indicate that they have an agency relationship.

Ratification is when the principal accepts the actions of an individual as their agent, even if they did not originally intend to create an agency relationship. In an agency relationship, the agent has a fiduciary duty to act in the best interests of the principal. This duty includes loyalty, obedience, and disclosure of information.

Overall, an agency relationship is an important legal concept that allows individuals or companies to act on behalf of others. Understanding the responsibilities and duties of both parties in an agency relationship is crucial to ensuring a successful partnership.

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The  terms that best describes buying on margin during the 1920s is: B. Paying fifty cents on the dollar for stock.

In the 1920s buying of  stocks on margin was a popular practice on the American stock market and this involves getting a loan from a broker in order to buy stocks as well as using the stocks as security for the loan.

This tend to  made it possible for investors to purchase more stock than they could have done with their available cash and perhaps profit from rising stock prices. It also exposed investors to high risks because a drop in stock prices could trigger margin calls in which the broker requests more money or assets to settle the loan.

Therefore the correct option is B.

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Answer:

Under IAS 12, current and deferred taxes are measured on the basis of:

rates anticipated when temporary differences reverse.

Explanation:

According to IAS 12, the measurement of the deferred tax assets and deferred tax liabilities are based on the expected tax rate when the underlying asset or liability is recovered or settled.  Deferred taxes arise from the temporary or timing differences between the carrying amount of an asset or liability in the financial statement and the tax base.

A person who requests for a loan and has a low credit score will be subjected to higher interest rates from banks. As a result, choice (B) is accurate.

Between 300 and 550 is regarded as a low credit score. You must make significant efforts to raise your credit score if it is in this area. You will not be qualified to apply for a loan or a credit card if you have a low credit score.

Whether it's a car loan, mortgage, or credit card account, borrowing can be more difficult if you have a poor score interest rates. And even if you are approved, your high risk of default means that you will probably have to pay higher interest rates.

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Answer:

The market environment is the combination of external and internal factors that affect a company's ability to establish a relationship with and serve its consumers.

Explanation:

The internal factors relate to the company itself, such as owners, workers, materials, components, etc.

The external factors are divided into macro and micro components. The macro component is the broad environment which includes societal forces that affect society as a whole. The micro component is task-related, which includes factors that influence the production, manufacturing and distribution of a product or service.

Based on marketing analysis and considering the situation described above, this segmentation can help companies validate their target market.

Segmentation is a process in which companies categorize the market into segments based on related features.

The segmentation process allows firms to create accurately targeted marketing and personalized content.

Significant types of market segmentation include the following:

Hence, in this case, it is concluded that the correct answer is option B. Segmentation.

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Explanation:

Management is the process of organizing, commanding, coordinating and controlling administrative resources. When we talk about management accounting, we relate to a company's financial resources, which are essential for profitability, payments, investments, etc., that is, so that the business can flow effectively.

Therefore, it is correct to say that managerial accounting is the accounting for effective management because accounting is an instrument of control and management for organizing financial accounts and indexes, these being essential instruments in helping to better decision making in a period of time, giving subsidies for managers to adapt and anticipate negative financial situations for example.

There are many factors that contribute to differences in standard of living between countries. Some of the most important factors include:

Economic development: Countries with higher levels of economic development tend to have higher standards of living. This is because they have more resources, infrastructure, and technology to support a higher standard of living.

Natural resources: Countries that are rich in natural resources, such as oil or minerals, often have higher standards of living. This is because these resources can be used to generate wealth and support economic development.

Political stability: Countries that are politically stable tend to have higher standards of living. Political stability encourages investment and economic growth, which can lead to higher incomes and a better standard of living.

Education: Countries with higher levels of education tend to have higher standards of living. Education helps to develop human capital, which can lead to more innovation and higher productivity.

Healthcare: Countries with better healthcare systems tend to have higher standards of living. Good healthcare can lead to longer lifespans, lower rates of disease, and a higher quality of life.

Infrastructure: Countries with good infrastructure, such as roads, airports, and communication networks, tend to have higher standards of living. This is because infrastructure makes it easier to do business, travel, and communicate.

Overall, there are many factors that contribute to differences in standard of living between countries. Improvements in any of these factors can help to raise standards of living and promote economic development.

The "pay yourself first" strategy encourages you to set aside a portion of your earnings for savings for emergencies It encourages you to prioritize saving money

Every time you get paid, if it becomes a habit, you deposit or transfer money into your savings account, you may be less likely to use it for daily necessities. This routine can help you develop a saving habit that will accumulate over time and enable you to be ready for significant or unforeseen bills.

In general, if you own a sole proprietorship, partnership, or LLC, you can take an owner's draw, and you can take a salary when your business is larger. is an LLC taxed like a corporation or a corporation.

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Actual Hours = 3,800 Hours

Standard Hours = 500 × 8.7

= 4,350 Hours

Standard Rate = $18.10

Labor Efficiency Variance = (Actual hours – Standard hours) × Standard rate

= (3,800 – 4,350) × $18.10

= $9,955 Favorable