BUSINESS HIGH SCHOOL

On march 4, micro sales makes $4,850 in sales on bank credit cards which charge a 2.5% service charge and deposits the funds into micro sales' bank accounts at the end of the business day. required: journalize the sales and recognition of expense. refer to the chart of accounts for exact wording of account titles. round your answers to two decimal places.

Answers

Answer 1
Answer:

Answer:

When the sales is made, you have to journalize the following:

  • Dr Accounts receivable 4,728.75
  • Dr Credit Card expenses 121.25
  • Cr Sales revenue 4,850

When the credit card bank transfers you the money, you must journalize the following:

  • Dr Cash 4,728.75
  • Cr Accounts receivable 4,728.75

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SWOT Analysis A SWOT analysis provides organizational strategists with key information and a realistic assessment and understanding of both the internal and external environments. This activity is important because A SWOT analysis is a useful tool in gathering Information about the competitive environment to establish a grand strategy. The goal of this exercise is to challenge your knowledge of SWOT analysis. Select the most appropriate area of the SWOT analysis for each item. 1. The R&D program at the company produces world-class products. Click to select) 2. Our product is targeted to young professionals under 35 years of age. That group is growing. Click to select) 3. The equipment the company owns is last generation and does not have the latest technology, Click to select) 4. There have been several up and coming companies that are beginning to enter our market space. ICR to select 5. Word is that a new highway is being built in the next couple of years, making it easier to transport our products from the factory Cier to select) 6. The employees who work for us are highly skilled and leaders in their field to select) 7. Management does not provide a big budget to support the world-class staff that work for the company Click to select) 8. The company uses a fair amount of short-term debt financed through the bank. Economic projections indicate that interest rates may rise in the future and credit will be more difficult to obtain Click to select) 3

Answers

The most appropriate area of the SWOT analysis for each item is:

1. Strength - The R&D program at the company produces world-class products.
2. Opportunity - Our product is targeted to young professionals under 35 years of age. That group is growing.
3. Weakness - The equipment the company owns is last generation and does not have the latest technology.
4. Threat - There have been several up and coming companies that are beginning to enter our market space.
5. Opportunity - Word is that a new highway is being built in the next couple of years, making it easier to transport our products from the factory.
6. Strength - The employees who work for us are highly skilled and leaders in their field.
7. Weakness - Management does not provide a big budget to support the world-class staff that work for the company.
8. Threat - The company uses a fair amount of short-term debt financed through the bank. Economic projections indicate that interest rates may rise in the future and credit will be more difficult to obtain.

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Which of the following is an example of a fixed variable cost?utility bill

rent

car payment

gym membership dues

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utility bill, due to its fluctuation.

Bonds issued by the government are safer investments because ____.a. amount they pay at maturity
b. credit rating of the issuer
c. interest rate paid
d. current yield

Answers

Bonds issued by the government are safer investments because B. CREDIT RATING OF THE ISSUER

Credit rating is an estimate of the ability of an individual or an organization to fulfill financial commitments based on previous dealings.

Unlike investments on a corporation, government issued bonds are assured of payment upon maturity without fear of bankruptcy or closure. Interests are paid periodically and the face value of the bond is paid upon maturity.

Answer:B

Explanation:

Important issues concerning product quality and safety specifications are governed by the contracts a company signs with its: Multiple Choice government inspectors.
senior supervisors.
human resources division.
suppliers and distributors.

Answers

Answer:

government inspectors.

Explanation:

The U.S. Consumer Product Safety Commission is the government inspector or regulator that supervises product quality and safety in the United States.

Hence, Important issues concerning product quality and safety specifications are governed by the contracts a company signs with its government inspectors or regulators.

A regulator or government inspector has been appointed by the government to monitor activities in a particular industry

Answer:

suppliers and distributors

Explanation:

When a company needs to purchase a product or service, one of the key roles of the buying decision centers is to verify the quality and safety specifications that the company requires. When a purchase contract is being signed with a vendor, the required quality and safety specifications must be included in the contract.

The same happens with the company's distributors that are responsible for the downstream channels. They must comply with the company's quality and safety specifications in order to properly deliver the company's products.

The other options are wrong because:

  • Government inspectors have the duty and the power to regulate product quality and safety specifications, but they do not sign contracts with manufacturers. They can control and establish fines for poor standards, and even withdraw products from the market.
  • A company employs its workers (supervisors and HRM), and the only contract signed with them is the employment contract.

What's your guys' favorite thing about Chrollo?

Answers

Answer:

I really like how he

Explanation:

yea
ummmmmmmmmmmmmmmmmmmmmmmmmm

The first step in developing an ABC system is A. calculate an activity cost allocation rate for each activity.
B. allocate the costs to the cost object using the activity cost allocation rates.
C. select an allocation base for each activity.
D. identify the primary activities and estimate a total cost pool for each.

Answers

Answer:

D

Explanation:

Activity based costing (ABC) is a costing system that uses production activities as basis for cost allocation.All the activities related to production are identified and the cost of each activity are assigned to manufactured goods in the proportion of respective activities consumed.

It entails tracing cost to activities and activities to product.

The first step in developing this model is identifying primary activities and estimate a total cost pool for each.
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