The unadjusted trial balance of Sheridan Exposure Inc. had these balances for the following select accounts: Supplies $3,162, Uneared Service Revenue $8,364, and Prepaid Rent $1,224. At the end of the period 1. A count showed $510 of supplies on hand, 2. Services of $2,958 had been performed related to the unearned revenue account. 3. One month's worth of rent, worth $408, had been consumed by Sheridan Exposure. Record the required adjusting entries related to these events. (Credit account titles are automatically indented when the amount is entered Do not indent manually)
Date Account Titles and Explanation Debit Credit
Answers
Recorded the adjusting entries related to these events in tabular form:
Date Account Title and Explanation Debit Credit
January 31st (end of the month) Supplies Expense $2,652 (Credit)
January 31st (end of the month) Service Revenue $5,406 (Credit)
January 31st (end of the month) Rent Expense $408 (Debit)
Further details about the data:
1. Date Account:
Assuming the adjusting entries are being made at the end of the month, let's say the date is January 31st.
2. Titles and Explanation:
Adjusting entries for supplies, unearned service revenue, and prepaid rent.
a) Supplies Expense: To record the adjustment for supplies on hand at the end of the period.
b) Service Revenue: To record the revenue earned for services related to the unearned service revenue.
c) Rent Expense: To record the rent expense for one month's worth of rent consumed.
3. Debit Credit:
Adjusting entries for supplies, unearned service revenue, and prepaid rent.
a) Supplies Expense: Supplies on hand at the end of the period: $3,162 - $510 = (Credit) $2,652
b) Service Revenue: Unearned service revenue earned: $8,364 - $2,958 = (Credit) $5,406
c) Rent Expense: Rent consumed for one month = (Debit) $408
Note: The debit and credit amounts may vary depending on the specific accounts and their balances in the unadjusted trial balance. It is important to refer to the actual account balances and financial transactions of Sheridan Exposure Inc. to accurately record the adjusting entries.
To know more about balance sheets visit:
https://brainly.com/question/26323001
#SPJ11
Related Questions
One problem in relying on price elasticity and demand curves when setting prices is the way a product or service is marketed can have a profound impact on price elasticity. the underlying ideas of the demand curve and elasticity are less relevant in the modern economy. only economists can properly analyze demand curves and set prices using this tool. competitors can construct the same demand curves, so there is no advantage in using them. marketing split from economics over the ideas of demand and elasticity.
Answers
Answer: the way a product or service is marketed can have a profound impact on price elasticity.
Explanation:
What determines the prices of the market is the demand, this affects the price elasticity. Price elasticity and demand curves are the result of various factors, and in most scenario they determine the pricing factor in the market.
One problem in relying on price elasticity and demand curves when setting prices is the way a product or service is marketed can have a profound impact on price elasticity.
Which country's low scores on the cultural dimensions of future orientation and performance orientation indicate that it may struggle to transition from a centrally planned economy to free-market capitalism
Answers
The country is Russia.
Cultures with a low future orientation (or present-oriented cultures) value spontaneity and living in the moment. They are less concerned about the future and frequently ignore the required planning and sacrifices to achieve future goals. They frequently utilize strong, rigid language.
The degree to which innovation, high standards, and outstanding performance are fostered and rewarded is referred to as performance orientation. Countries with a strong performance orientation priorities materialism and competition, and they plan to spend in training to boost performance. Performance orientations are high in the United States and Europe, whereas they are low in Argentina, Russia, and Greece.
Therefore, the answer is Russia.
To know more about Russia click here:
https://brainly.com/question/26533505
#SPJ4
Using the following prices, calculate the unit price to determine how much it would cost for 7 muffins and 14 juice boxes. $7. 74 for 6 muffins $5. 52 for 8 juice boxes a. $18. 69 b. $19. 89 c. $21. 91 d. $26. 52 Please select the best answer from the choices provided A B C D.
Answers
Answer: a
Explanation:
Currently, information technology replaced the term ______ ______ with its role being to change business methods.
Answers
Currently, information technology replaced the term business and intelligence with its role being to change business methods.
Information technology (IT) is the practise of creating, processing, storing, protecting, and exchanging all types of electronic data through the use of computers, storage, networking, and other physical hardware, software, infrastructure, and procedures. IT is typically employed in the context of commercial operations as opposed to personal or recreational use of technology. Both computer technology and telecommunications are included in the business usage of IT.
Information technology involves creating communication networks for a business, protecting data and information, managing databases, assisting staff in troubleshooting computer or mobile device issues, and performing a variety of other tasks to guarantee the effectiveness and security of business information.
To know more about Information technology visit:
https://brainly.com/question/29820042
#SPJ4
tions (Online
Virtual)
Click this link to view O*NET's Wages and Employment section for Construction Managers. According to O*NET,
what is the projected growth for this career between 2019-2029?
average
O much faster than average
o little or no change
o slower than average
Answers
Answer: much faster than average
Explanation: Construction managers are the people that are responsible for the coordination and supervision of projects that has to do with construction of building, bridges, road, hospitals etc.
The construction manager is responsible for monitoring finances and ensuring that every firm of hazard is removed from the workplace.
According to O*NET, the projected growth for this career between 2019-2029 would be much faster than average.
Therefore, the correct option is B.
B- Much Faster Than Average
Explanation:Attached is the O*Net conclusion and my Edge answer. Please read the question carefully to make sure that you are answering the right one, this is for Construction Managers
What is your initial response to the Pantene ad shown in the video?
Answers
I think that it is time to finally see the rise of women that is taking over because for whatever reason men feel as though this is “a mans world”. Its sad that when women try and take over we’re are being ‘’bossy’’, ‘’pushy’’, ‘’annoying’’, or that “we think we know everything”. When in reality it’s the other way around. Men can be all of those things but yet, no one acknowledges these things. Men feel as though they know everything and that women don’t know anything. I feel as though there should be more people that look like me in charge. Now you may say “What do you mean?” I mean that I want to see more women taking control. We aren’t trying to seem “bossy” or “pushy” when giving directions or anything, we just want whatever the task is to be done right! I want to see more women because as a female I feel as though I need the empowerment.
Which factor might pose the greatest risk to a person applying for a credit
card for the first time?
O A. A short grace period
B. A low introductory credit limit for the first six months
C. A lack of fees
D. A low introductory rate that will increase over time
Answers
A low introductory rate that will increase over time is the factor might pose the greatest risk to a person applying for a credit card for the first time. Hence, option D is correct.
What is introductory rate?Introductory rate is the interest rate that is charged to the person at the initial stage of the loan. The interest rate can be minimal, or it is not necessary to charge the interest rate.
The introductory rate is used to sell the loan to customers and make it seem appealing. They may or may not apply to cash advances, although they are frequently utilized for the application of balance transfers.
Thus, option D, A low introductory rate that will increase over time is correct.
For more details about Introductory rate, click here:
https://brainly.com/question/9194048
#SPJ5
For the Real Estate firm, Exercise 10.1, N = 1500 n = 110 C = 3 N Single sampling and using the Poisson distribution. What is the level for the producer's risk. The percent nonconforming where (alpha - 5%) and 95% of the lots are accepted? + dari For the Real Estate firm, Exercise 10.1, N = 1500 n = 110 C = 3 Single sampling and using the Poisson distribution. What is the level for the consumer's risk (beta = 10%). The percent nonconforming where 10% of the lots are accepted? 1. A real estate firm evaluates incoming selling agreement forms using the single sampling plan N = 1500, 110, and e = 3. Construct the OG curve using about 7 points.
Answers
Summary:
For the given scenario of a real estate firm using the single sampling plan with N = 1500, n = 110, and c = 3, we need to determine the level for the producer's risk (α = 5%) and the level for the consumer's risk (β = 10%). We also need to calculate the percent nonconforming where 95% of the lots are accepted and where 10% of the lots are accepted.
To determine the level for the producer's risk (α = 5%), we need to refer to the operating characteristic (OC) curve. The OC curve shows the probability of accepting a lot at various levels of nonconformity. By constructing the OC curve using about 7 points, we can find the point where the probability of accepting a lot is 95%. The corresponding level of nonconformity at that point would represent the percent nonconforming where 95% of the lots are accepted.
Similarly, to determine the level for the consumer's risk (β = 10%), we again refer to the OC curve. We need to find the point on the curve where the probability of rejecting a lot is 10%. The corresponding level of nonconformity at that point would represent the percent nonconforming where 10% of the lots are accepted.
By analyzing the OC curve and calculating the appropriate points, we can determine the levels for both the producer's risk and the consumer's risk, as well as the corresponding percent nonconforming for the given scenario of the real estate firm using the single sampling plan with N = 1500, n = 110, and c = 3.
Learn more about Producer's risk here:
https://brainly.com/question/27256567
#SPJ11
3 td
(1 po
mm
8. When Dr. Norman travels, she always stays at a Hawks family hotel. She is brand loyal, and
thinks that Hawks offers the best service. On this trip, Dr. Norman stayed at three different
Hawks hotels. Customer service was excellent at two of the hotels, but at the last hotel, the
person checking in guests was rude. Dr. Norman completes a comment card on each hotel,
knowing that Hawks strives for excellent customer service. This scenario exemplifies which
service characteristic?
Omarketability
Ovariability
O inseparability
O intangibility
Answers
Answer:
Variability
Explanation:
Variability expresses the notion that a service may vary in standard or quality from one provider to the next or from occasion to the next.
the level of savings in an economy: multiple choice can be an important determinant of future productivity. can be an important determinant of capital investment. can be a source of funding for physical capital. all of these are true.
Answers
the level of savings in an economy:
determinant of future productivity. can be an important determinant of capital investment. can be a source of funding for physical capital.Thus, all of these are true and correct.
What is saving?Savings are unspent income or deferred consumption. One way to save is to spend money. Set aside in a savings account, retirement account, mutual fund, or cash. Savings also means reducing expenses, such as recurring expenses.Savings are the portion of your income that is not spent on current expenses. In other words, it is money that is reserved for future use and not immediately spent.Saving is a way out of life's uncertainties and offers opportunities for quality living. Many hurdles and obstacles in life can be overcome by systematically investing large sums of money.
Thus, saving means a determinant of future productivity which can be an important determinant of capital investment and it can be a source of funding for physical capital.
learn more about saving here:
https://brainly.com/question/25863693
#SPJ4
what happened to the value of the us dollar relative to the japanese yen and canadian dollar between june 25
Answers
The value of the US dollar increased relative to the Canadian dollar.
Between June 25 and July 25, the value of the US dollar relative to the Japanese yen and Canadian dollar fluctuated. There was a decrease in the value of the US dollar relative to the Japanese yen and an increase in its value relative to the Canadian dollar. The US dollar was trading at approximately 111 Japanese yen on June 25th, but by July 25th, it had dropped to around 109 Japanese yen. This means that the value of the US dollar decreased relative to the Japanese yen. On the other hand, the US dollar was trading at around 1.33 Canadian dollars on June 25th, but by July 25th, it had risen to approximately 1.34 Canadian dollars. This means that the value of the US dollar increased relative to the Canadian dollar.
To know more about trading visit:
https://brainly.com/question/31282816
#SPJ11
A Sign That Ethics Has Become A Primary Concern For Boards Of Directors Is That Multiple Choice Directors Area. More Often Chosen For Their Political Connections Than For Their Expertise b. Modern Executive Compensation Is Closely Linked To The Firm's Employee Retention Rate. C. Poor Financial Performance Is The Most Common Reason For CEOs To Be Fired Saved Help
Answers
Modern executive compensation is closely linked to the company's employee retention rate.
To elaborate: Ethical behavior toward employees is one of the primary responsibilities of the Board of Directors. They shouldn't be fired for little things. They should be given a chance to grow and develop.
2. the environment in which a manager works In addition to their social and ethical responsibilities, managers need to be aware of the environment in which they operate. If the business is to be viable and successful in the long run, they must take into account all of these factors.
What does "Board of Directors" mean?A board of directors is a group of people who represent the interests of shareholders. In addition, it offers advice to an organization's chief executive officer and executive team. A board provides general oversight of operations without getting involved in the day-to-day operations.
The hiring of the company's CEO or general manager and the evaluation of the company's overall strategy and direction are the board of directors' primary responsibilities. The CEO or general manager is responsible for hiring all other employees and overseeing the business's day-to-day operations.
The majority of the board of directors consists of the chief executive officer and occasionally other senior managers, as well as board members who are not otherwise associated with the company. The most common definition of an inside director is an employee of the company, though significant shareholders may also be included from time to time.
Learn more about the Board of Directors :
brainly.com/question/29359566
#SPJ1
what is conceptualization
Answers
Answer:
the action or process of forming a concept or idea of something in your mind
Explanation:
In most cases, the reason products cost relatively little in one country and cost more in another is the Group of answer choices profiteering measures taken by exporting companies. consistency in perception of quality in all countries. inelastic demand of most consumer goods. requirement that all export goods must use set skimmed price. higher costs of exporting.
Answers
The main reason why cost of product is little in one country and more in another is because of
profiteering measures taken by exporting companies.higher costs of exporting.Cost of exportation of goods, taxes, original product cost, Profit measures are all part of reasons why exported goods are more higher in cost when compared to the cost in producing country.
The company who imported the product will ensure its makes profiton the sales and also, the cost of moving the product into the country are usually high, therefore, they all contributed to the high cost
Therefore, the Option A and E is correct because profiteering measures taken by exporting companies and higher costs of exporting contributes to the higher cost of exported products
Read more here
brainly.com/question/12906042
If the return of two stocks has a correlation of 1, what does this imply about the relative movements in the stock prices?.
Answers
The prices of two stocks have a perfect positive correlation of 1, which means that they always move in the same direction and by the same amount.
How closely do the two stocks' returns correlate?The average price of each stock must be established before you can calculate their correlation. Choose a time period, add the daily prices for all the stocks throughout that time period, and then divide that total by the number of days. That is the average price. Finding a daily variance for each stock is the next stage.
What can we infer from a correlation of 1?If the correlation is exactly positive (+1), then the two variables are moving in the same direction.
To know more about stocks visit:-
https://brainly.com/question/28663581
#SPJ4
You have become a trusted resource for your organization, and they have asked for your advice on gaining a competitive advantage in the field. More specifically, they would like your analysis and recommendations on ways to bring their company culture, demographics, and technologies up to current industry practices and beyond. Review the demographic and technological information about your company. If the information is not public, base your decisions on a similar company and research. This information will assist you as you complete your Organizational Presentation in Step 2 of this assessment.
Answers
Improving company culture, demographics, and technologies can contribute to gaining a competitive advantage.
To enhance company culture, it is essential to foster an environment that values employee engagement, collaboration, and innovation.
This can be achieved through initiatives such as promoting open communication channels, encouraging continuous learning and professional development, recognizing and rewarding employee achievements, and creating a diverse and inclusive workplace culture.
In terms of demographics, it is important to have a workforce that reflects the diversity of the customer base and target market. This can be achieved through targeted recruitment and hiring practices, implementing diversity and inclusion programs, and providing equal opportunities for career growth and advancement.
Regarding technology, staying up to date with current industry practices and adopting cutting-edge technologies can give your organization a competitive edge. This may include investing in cloud computing, data analytics, artificial intelligence, automation, and digital transformation initiatives.
It is crucial to regularly assess technological needs, conduct market research, and invest in training and development to ensure employees have the necessary skills to leverage these technologies effectively.
For more such question on company visit:
https://brainly.com/question/6528766
#SPJ8
how to answer people question without typing a question 1st?
Answers
6 key principles of Comprehensive Behavior Management
Answers
6 key principles of Comprehensive Behavior Management are Establish simple classroom rules, Encourage commitment from the pupils, Build relationships with them, Show support, Involve the parents and continually be motivated. Correct answer is option A.
Teacher are assisted by Comprehensive Behaviour Management: Schoolwide, Classroom, and Individualized Approaches in preventing management issues and dealing with disruptive behaviour when it takes place in classrooms.
Three levels of behaviour management tactics are presented in detail in the text: individual, classroom, and schoolwide. Each level helps to create a supportive learning environment. The literature incorporates a focus on social learning that places human behaviour within an ecological framework.
To learn more about Comprehensive Behavior Management, click here.
https://brainly.com/question/32125894
#SPJ4
The question is incomplete, complete question is mentioned below.
6 key principles of Comprehensive Behavior Management:
A. Establish simple classroom rules, Encourage commitment from the pupils, Build relationships with them, Show support, Involve the parents and continually be motivated.
B. Knowledge, learning environment and critical growth.
C. Personalized learning, critical reflection and growth.
D. None of these.
Sustainable competitive advantage can only be maintained until competitors are able to duplicate or develop a compelling substitute. A. True B. False.
Answers
The given statement "Sustainable competitive advantage can only be maintained until competitors are able to duplicate or develop a compelling substitute" is True.
A sustainable competitive advantage is achieved when a company has a unique and valuable position in the market that is difficult for competitors to replicate.
However, competitors are always looking for ways to gain an advantage, which means that they may eventually be able to duplicate or develop a compelling substitute that undermines the company's competitive advantage.
The companies need to continually innovate and adapt to maintain their advantage in the market. It is essential to invest in research and development to stay ahead of the competition and keep up with the evolving market trends.
Ultimately, the ability to maintain a sustainable competitive advantage depends on a company's ability to adapt and stay ahead of its competitors.
Therefore the statement is True.
To know more about Sustainable, refer here:
https://brainly.com/question/11850743#
#SPJ11
Classify the customer buying motive as rational or emotional.
A person pays to join an exclusive country club.
rational
emotional
Answers
Answer:
Emotional because joining such a club wont benefit him economically, only his prestige
The Consumer Financial Protection Bureau protects the interests of customers by ensuring that federal consumer-protection laws are enforced. True or False?
Answers
Answer:
true
Explanation:
The Consumer Financial Protection Bureau (CFPB) is a government agency that protects consumers' rights by:
enforcing consumer protection laws that prohibit financial institutions from practicing unfair, abusive, deceptive, predatory or discriminatory policies against its customers, e.g. redlining or charging higher interests based on race or gender.they get consumer complaints about unfair treatment from financial institutions and they investigate them.are a source of financial information about the services offered by financial institutions.are in charge of monitoring the activities of financial institutions and making sure that they do not affect consumers negatively.and others.which of the following are cited by economists as determinants of potential output growth? instructions: in order to receive full credit, you must make a selection for each option. for correct answer(s), click the box once to place a check mark. for incorrect answer(s), click the option twice to empty the box. check all that apply the rate of technological improvementunanswered none of these options are correctunanswered the growth rate of the capital stockunanswered the growth rate of the labor forceunanswered
Answers
The determinants of potential output growth are important factors for economists to consider when analyzing economic growth.
According to economists, the rate of technological improvement, the growth rate of the capital stock, and the growth rate of the labor force are all cited as determinants of potential output growth. Technological improvement allows for increased efficiency and productivity in production processes, leading to higher potential output. The growth rate of the capital stock refers to the amount of physical capital available for production, including machinery, equipment, and infrastructure. A higher growth rate of the capital stock can lead to increased investment and production, resulting in higher potential output. The growth rate of the labor force refers to the number of workers available for production, and a higher growth rate can lead to increased output through more available labor. Therefore, economists consider these factors when analyzing potential output growth and making economic predictions.
In summary, the rate of technological improvement, the growth rate of the capital stock, and the growth rate of the labor force are all important determinants of potential output growth according to economists.
To know more about determinants visit :
https://brainly.com/question/30977250
#SPJ11
in economics, the demand for a good refers to the amount of the good that people: group of answer choices will buy at various prices. need to achieve a minimum standard of living. would like to have if the good were free. will buy at alternative income levels.
Answers
the demand for a good refers to the amount of the good that people a group of people will like to have different options and different prices at which they can buy a product.
Demand for goods and services
Economists use the term demand to relate to the quantum of some good or service consumers are willing and suitable to buy at each price. Demand is grounded on requirements and wants — a consumer may be suitable to separate between a need and a want, but from an economist’s perspective they're the same thing. Demand is also grounded on capability today. However, you have no effective demand, If you can not pay.
What a buyer pays for a unit of the specific good or service is called price. The total number of units bought at that price is called the volume demanded. An increase in the price of a good or service nearly always decreases the volume demanded of that good or service. Again, a drop in price will increase the volume demanded.
To know more about demand for a good, visit: brainly.com/question/28475159
#SPJ4
Measuring how a customer views a firm under the balanced scorecard framework is important because g
Answers
Measuring how a customer views a firm under the balanced scorecard framework is important because they must be translated into the action, what the company should do to meet the expectations of its customers.
What is a balanced scorecard? what are its advantages?Balanced scorecards is that management system, that monitors, measures and changed the performance system of the organization in order to achieve the pre-determined objectives of the firm.
The main advantage of the balanced scorecard is that it helps the company in identifying and improving the internal operations of it and get the better external outcomes.
It measures the past data of the company for comparison and making the better future.
Learn more about the balanced scorecards here:-
https://brainly.com/question/25645358
#SPJ1
Fault Tree Analysis (FTA) employs logical operators, most notably the OR and AND gates. When an electric car is unable to start, create three (3) layers of FTA conditions (engine not running).
Answers
By using Fault Tree Analysis (FTA), we can systematically identify the possible causes of an electric car being unable to start, with the engine not running as an intermediate event.
The three layers of FTA conditions:
Layer 1: Electric Car Unable to Start (Top Event)
The top event in this Fault Tree Analysis is the electric car being unable to start. This is the main issue that needs to be addressed.
Layer 2: Engine Not Running (Intermediate Event)
The intermediate event in the Fault Tree Analysis is the engine not running. This is a potential cause of the electric car's inability to start.
Layer 3: Possible Causes
In this layer, we identify possible causes that could result in the engine not running. These causes can include various components or subsystem failures, such as:
Battery failure
Faulty ignition switch
Fuel system malfunction
Ignition system failure
Starter motor failure
Engine sensor issues
Each of these causes can be further analyzed using the logical operators (OR and AND gates) to identify the contributing factors and potential failure modes within each cause.
This analysis allows for a comprehensive understanding of the various factors that can contribute to the issue, enabling effective troubleshooting and mitigation strategies to be developed.
To know more about Fault Tree, visit
brainly.com/question/30198769
#SPJ11
The pros and cons of new product concepts are analyzed during the idea generation phase of new product development.
True
False
Answers
Which federal regulatory agency would most likely bring a civil suit against a business that broke securities laws?
Answers
Which federal regulatory agency would most likely bring a civil suit against a business that broke securities laws?
answer:
THE SEC
What is meant by the invisible hand? Explain thoroughly using these terms in your explanation; “competition” “self-interest” “self-regulating
Answers
Answer:
The invisible hand is the term in economics and political philosophy for the invisible mechanism that drives a free market system, coined by economist Adam Smith. Ever since then, it has been a central concept for economists and conservative politicians in their arguments for a pure, non-state intervention free market, laissez-faire policy.
In his analysis, Adam Smith argued that the free market itself is a mutually beneficial arrangement that occurs in itself, spontaneously, as if some invisible hand is operating, by a chain of thousands of exchanges without participants thinking anything about the consequences.
Therefore, through competition guided by the market participants' self interests, all market participants would benefit in a collateral way, provided that there is a proper self regulation of the market, and not a regulation guided by the government.
what makes recession and recover different?
Answers
The thing that makes recession and recover different is that Economic recovery serves as the business cycle stage which do follow recession .
What is recession and recovery?Recession and recovery can be described as the economuic terms that is been used by the ecconomist whereby the recession can be seen as the period of economic meltdown where there is usually a high inflation of goods as well as services.
It should be noted that the recovery period do follow the reccession which can be described as the sustained period of improving business activity that can happen in a country.
Learn more about Recession at:
https://brainly.com/question/1417711
#SPJ1
Maya deposits $500 in her savings account and earns a simple interest of 5 percent. What will be the balance in her account after two years?
A. $1,000
B. $550
C. $600
D. $577.50
E. $527.50
Answers
Answer:
B. $550
Explanation:
\(A = p(1 + \frac{r}{100} ) {}^{n} \\ = 500(1 + \frac{5}{100} ) {}^{2} \\ = 550 \: dollars\)