A special type of owner's equity account set up to record the owner's withdrawal of cash from the business is called the

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Answer 1

Answer:

Drawing account.

Explanation:


Related Questions

The market structure called perfect competition is best as _________________________ theoretical theoretical commonplace commonplace small small natural

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Answer:

Theoretical

Explanation:

Perfect competition is a theoretical market structure due to the assumptions required for it to exist: perfect information for consumers and producers, as well as the theoretical maximum number of firms in a market which is a number that never empirically exists.

1 of 10
Data collection, database management, and data visualization are the
steps a research analyst takes before starting their research
steps a data scientist takes before determining usable results
practices a data analyst must use to be credible
none of the above
Help me with this

Answers

Data collection, database management, and data visualization are the: C. practices a data analyst must use to be credible.

What is data?

Data can be defined as a representation of instructions or factual information in a formalized manner, especially as a series of binary digits (bits).

Who is a data analyst?

A data analyst can be defined as an expert or professional who is saddled with the responsibility of inspecting, transforming, and modelling data with the sole aim of discovering useful information, providing insights, and creating informed conclusions, so as to support decision-making.

In conclusion, the three (3) main practices a data analyst must use in order to be credible include the following:

Data collectionDatabase managementData visualization

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Freeze Ice Cream Shop sells its specialty shakes for $3.50 each. In the summer months, the shop typically sells 200 shakes a day. The shop's owner thinks if he reduces the price to $3 he will increase sales significantly. However, when he reduced the price, he only sold about 15 more shakes per day. This represents demand that is :___________

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As a result of the demand increasing only slightly compared to the reduction in price, the demand must be inelastic.

Why is the demand inelastic?

The demand is considered to be inelastic if the price elasticity is less than 1.

The price elasticity is:

= (%Change in quantity/% Change in price)

Solving gives:

= 15 / 200 ÷ 0.50 / 3.50

= -0.525

In conclusion, the demand for the shakes is inelastic.

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Acel Co. uses the allowance method to account for bad debts. In January, Acel determined that it could not collect $400 from CTR, Inc. and wrote the balance off. On October 21, Acel received a check for $400 from CTR. The entries to record the receipt of cash on October 21 would include a debit to:_____.
a. Accounts Receivable.
b. Accounts receivable is debited to reinstate"tbecac&unt.
c. Allowance for Doubtful Accounts.
d. Bad Debt Expense.

Answers

Based on the fact that CTR, Inc sent a check to Acel Co, there will be a debit to b. Accounts receivable is debited to reinstate the CTR account.

Which account will be debited?

The Accounts Receivable account will be debited by the Allowance for Doubtful Accounts to bring back the written off debt.

The Account Receivable account will then be credited to cash to account for the cash being received.

In conclusion, option B is correct.

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i think apples are woman and pears are dudes. is that true?

Answers

That’s just not even remotely correct

How do long-term goals differ from short-term goals?

Long-term goals require more money than short-term goals.
Long-term goals require more preparation than short-term goals.
Long-term goals are less attainable than short-term goals.
Long-term goals take longer to plan than short-term goals.

Answers

Answer:

2, long term goals require more preparation than short term goals.

Explanation:

You need to put a lot of thinking and preparation for long term goals.

Short-term goals can be accomplished with less planning than long-term ones. As a result, choice (2) is the right one.

What do you mean by short-term goals?

Your immediate priority is to complete a short-term goal. You can affect significant change by setting short-term goals.

Anything you desire to do soon is a short-term objective. Today, this week, this month, or even this year can all be considered as being in the near future. Something you desire to do quickly is a short-term aim. A long-term aim is something that will require a significant amount of time to complete.

You can advance your career by setting both long-term and immediate objectives. You can think of immediate actions to take by setting short-term goals. You may manage your time better by setting short-term goals. While short-term goals may appear insignificant, achieving them can result in significant achievements in both your personal and professional life.

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______ activities add value directly by transforming inputs into outputs as the firm moves a product or service horizontally along the internal value chain.
A. Complementary
B. Resource
C. Value
D. Primary

Answers

The answer is D. Primary.

Sample T-Shirt Company, INC. needs help with their profit loss statement for their fourth quarter which lasts between October 1st and December 31st. They have sold 14,320 t-shirts this quarter at $20 a shirt. These shirts cost $3 to make. Of all of the shirt orders, 80 percent are shipped to customers. The company offers free shipping, so they must pay an average of $4 in postage per shirt shipped. The company has three employees who each make $80,000 a year. The company has general liability insurance which costs $600 a year, with equal payments every month. The company rents out a small production space for $600 a month. Each month the company pays $300 for web advertising, $200 for print advertising and $500 for television advertising. The company pays 15 percent of their profit in taxes.

Answers

The preparation of the fourth quarter, October 1st to December 31st profit and loss statement for T-Shirt Company, INC., is as follows:

T-Shirt Company, INC.

Profit and Loss Statement

For the fourth quarter ended December 31

Sales revenue                        $286,400

Cost of goods sold                   (42,960)

Gross profit                            $243,440

Rental income                              1,800

Total income                         $245,240

Expenses:

Freight-out              $45,824

Salaries                     60,000

Insurance Expense        150

Advertising expense 2,950  (108,924)

Income before taxes             $136,316

Income tax rate (15%)              20,447

Net income                         $115,869

What is the profit and loss statement?

The profit and loss statement also known as the income statement is a periodic financial statement that summarizes the revenues, costs, and expenses for the specified period.

The statement is used to determine the profit or loss during the stated period.

Data and Calculations:

Number of shirts sold = 14,320

Selling price per t-shirt = $20

Sales revenue = $286,400 (14,320 x $20)

Product cost per t-shirt = $3

Cost of goods sold = $42,960 ($3 x 14,320)

Freight-out to customers = $45,824 ($4 x 14,320 x 80%)

Salaries Expense of employees for the quarter = $60,000 ($80,000 x 3 x 1/4)

General Liability Insurance Expense = $150 ($600/4)

Rental income for the quarter = $1,800 ($600 x 3)

Web = $900 ($300 x 3)

Print = $400 ($200 x 3)

Television = $1,500 ($500 x 3)

Advertising expense = $2,950

Income tax rate = 15%

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Outline 4 ways in which the productivity of land can be improved

Answers

Answer:

(i) irrigation

(ii) Fallowing

(iii) Land tenure

(iv) Fertilizer application

Explanation:

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100 PTs explain how teachers can foster success in their classrooms by providing assessments that encourage personal motivation and are engaging. Give at least one example to support your claim. thx

Answers

Teachers can encourage personal motivation through assessments giving an appropriate amount of time to study, explaining everything that will be covered on the assessment, and being overall encouraging. When a teacher makes sure all of their students understand what is being covered on the assessment, they are reassured and confident in their ability to succeed. When a test is given to a class where very few of the people understand what they are doing, morale and motivation will be very low.

General Contracting was hired by the city of Rockyville to put in a new road through a mountain pass for $2 million. General Contracting did reasonable soil tests as would be expected of a contractor under their circumstances. The job would involve about 80% costs related to highway materials and 20% labor costs. When General Contracting started building the road, they discovered that it was solid granite a few feet down and that the mountain was unlike any they had ever seen in the state. It would cost them over $5 million in costs just to complete the job. If General Contracting refuses to complete the job at a loss and Rockyville sues, what result

Answers

If General Contracting is sued by Rockville for refusing to complete the job, General Contracting can have the contract discharged on an impracticability basis.

What would make a contract impractical?

When parties to a contract agree to a contract that based on normal circumstances and due course, and one party discovers that they cannot complete the contract based on unforeseen circumstances, the contact can be ruled impractical.

General Contracting could not foresee the solid granite foundation and so they could not have known they would pay so much to complete the project. The contract can therefore be impracticable.

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Quentin manages a personal care company that focuses on shampoo, conditioner, and body wash. One of his roles is structuring the company's resources and activities to accomplish its objectives efficiently and effectively. What management function does this example pertain to?

Answers

The management function that structures the resources and activities to accomplish its objectives efficiently and effectively is known as Organizing.

What is Organizing in management?

An Organizing function means a management function that assembles people, organizes resources and distributes the planned work necessary to carry out the managers plan.

In conclusion, the organizing function is very important because its ensures an effective role-job-fit for every employee in the organization.

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As secretaries are often the first point of contact that people meet in a business, what type of skill do they need to develop in order to make a good first impression?
A. people skills
B. shared skills
C. technical skills​

Answers

Answer:

a

Explanation:

According to the text, reducing many of the tariffs that are still in existence will lead to Blank______.

Answers

The reduction of tariffs will provide greater market access to foreign products.

What is a tariff?

It should be noted that a tariff simply means a tax that's on an imported good. This is vital to generate revenue for the government.

Reducing many of the tariffs that are still in existence will lead to greater market access to foreign products.

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Which of the following guidelines about maintaining a network is false? a. Participate in career fairs b. Use business cards when meeting new people c. End network relationships after you find a job d. Communicate with your network using the Internet Please select the best answer from the choices provided A B C D.

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I believe the answer is: end network relationships after you find a job

If you end network relationships after you find a job, you would be automatically considered as rude and that person would no longer contact you in case there is a better opportunity in the future.

Because of this, it is important for you to maintain good networking relationship with as many people as you can to accelerate your career.

Answer:

its C on edge 2022

Explanation:

Bonita Industries issues 4400 shares of its $5 par value common stock having a fair value of $20 per share and 6400 shares of its $10 par value preferred stock having a fair value of $20 per share for a lump sum of $206000. What amount of the proceeds should be allocated to the preferred stock

Answers

Answer:

July this po off free UI to vote no maybe cv kk

What can be a result of increased trade? slowing economic growth creating jobs increasing poverty none of the above.

Answers

Increased trade means that exportation prices have raised as import prices have either kept or declined. The effects of improved trade would be creating jobs in large numbers.

What are the advantages of advanced trade?

It improves growth level through improved in the income level as well increase in the standard of living with extensive career or employment in the nation.

It diminishes poverty with better and more goods and services at more inferior prices that are expected to jobs for a considerable number of people.

The trade has the capacity to improve the productiveness level of the nation, proving the demand for better labor and the latest job opportunities.

Therefore, option B is correct.

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Privately owned media companies in the united states earn most of their revenue from:.

Answers

Answer:

advertising

Explanation: Mark me brainliest!!

Media companies are the group that enabled broadcasting for knowledge, entertainment, and another purpose. The major source of revenue for media companies is advertisements.

What is revenue?

The revenue can be described as the actual amount earned by a business by performing its regular business operations. It can be in the form of fixed income or fluctuating income.

The media companies invested in the gathering of the information and the processing for the development of the broadcasting content.

The major revenue source gained by the private media companies was developed from advertising.

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If a company were to draw from the ideas proposed in the various theories of international trade, from a profit perspective, how would it go about selecting locations for its businesses?

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The business locations regarding the International trade can be selected based on the productive activities to the countries where they can be performed efficiently.

What is international trade?

It should be noted that an international trade simply means the trade between two or more countries.

In this case, it can be deduced that the business locations regarding the international trade van be selected based on the productive activities to the countries where they can be performed efficiently.

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______ policy seeks to foster or discourage various economic or social activities, typically through subsidies or tax breaks.

Answers

Answer:

domestic

Explanation:

try it but i don't know! just a guess

Electric power production and distribution is an industry that is dominated by natural monopolies. Companies are given a monopoly to operate in an area by local, county, or state government, and in return, they have a legal obligation to provide electricity on demand to all customers in a geographic area. As a result, state and federal agencies extensively regulate utility companies to ensure customers and businesses are treated fairly. At the state level, an elected or appointed commission sets the rate of use for consumers, based upon the request of the providers. By law, these rates must allow the utility company to recover its cost of service, as well as to make a profit on their investment. Which form of government regulation does this passage primarily describe? taking over a company to operate it placing price limitations on a producer requiring public ownership of an industry insisting on approval over decision making.

Answers

Answer:

placing price limitations on a producer

Explanation:

"these rates must allow the utility company to recover its cost of service"

A standard electricity supplier is the main integrated owner of production, transmission, and distribution. These are included under natural monopolies.

What are natural monopolies?

One top line reduces both the high cost and the loss of electricity inputs per unit of carrying capacity, transmission and distribution are the only natural monopolies.

The freshly generated energy is transmitted at high voltage and distributed to residential and commercial users at low voltage. Two aspects of electrical power make resources different from many other industries.

First, both high voltage transmission and low-voltage distribution are most economically done in a single line or single line network.

Second, because electricity cannot be stored cheaply, it should be produced as soon as it is needed. Failure to adjust production to demand may result in blurring or darkening of a large area.

In view of these factors, a typical electricity supplier as a natural monopolist is the main integrated owner of production, transmission and distribution.

It holds the administrative mandate given to the government as a legal compensation as a public service to serve all customers in the area.

It (or a few resources) is responsible for the operation of the control area, where it must maintain integrity and deliver economic productivity.

Thus,  a typical electricity supplier as a natural monopolist is the main integrated owner of production, transmission, and distribution.

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A critical component for labeling a person’s behavior as abnormal is that the behavior must:.

Answers

The critical component is that : It must interfere with some aspect of the person's life.

What is behavior?

Behavior refers to action or inaction of an individual to his or her environment. People react or behave differently to any given situation around them.

A behavior is said to be abnormal when it does not confirm to an expected standard in the society.

Hence, a critical component for labeling a person’s behavior as abnormal is that the behavior must is that It must interfere with some aspect of the person's life.

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Herzberg studied the relationship between hygiene factors (e.g., company policies, pay, supervision, working conditions) and __________.

Answers

the answer is…

dissatisfaction

The adjusting entry to record the estimated amount of bad credit sales is a debit to bad debt expense and a credit to.

Answers

Answer: A debit to Answer: Bad Debt Expense and a credit to Allowance for Doubtful Accounts would generally be included in the adjusting entry to reflect the expected bad debts in the period credit sales occur.

The adjusting entry would typically include a charge for bad debt expenses as well as a credit to the allowance for doubtful accounts to represent the anticipated bad debts during the time when credit sales take place.

What is Sales?

A sale is an agreement between a buyer and a seller in which the seller exchanges money for the sale of tangible or intangible products, assets, or services. There are two or more parties involved in a sale. A sale, or a contract between two or more parties, such as the buyer and seller, can be thought of in larger terms.

The debit to Bad Debt Expense and the credit to Allowance for Doubtful Accounts would typically be included in the adjusting entry to reflect the expected bad debts at the time credit sales occur.

By debiting the accounts receivable account and crediting the bad debt expense account, respectively, For instance, if customer Lucy has a $125 invoice that is 91 days overdue, your bad debt expense journal entry would seem as follows: $125 is debited for bad debt expenses. The credit for Receivables is $125.

Therefore, The provision for dubious accounts, which, throughout the period of credit sales, represents the anticipated bad debts.

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If the Federal Reserve contracts the money supply, then interest rates will _____, and GDP will _____.

Answers

Answer:

Interest rates will rise and GDP will fall

Explanation:

If the money supply falls, that makes money more valuable because there's less of it to go around. Interest rates will reflect this change in the value of money, with interest rates increasing because with money more valuable, there will be a greater opportunity cost to lending money. GDP, in turn, will fall, because money is one half of all economic transactions and so a decrease in the money supply necessarily decreases the number of economic transactions made.

Which entity is placed in charge of determining whether a state discriminated against goods or people from another state

Answers

Answer:

Courts first determine whether a state regulation discriminates on its face against interstate commerce or whether it has the purpose or effect of discriminating against interstate commerce.

Explanation:

Which ics functional area sets the incident objectives strategies and priorities.

Answers

Answer:

chicken blender soup Linda soup

Explanation:

this is when a father goes to a mother and mother father seemed to the place that they went to when they went to that place

Artemis wants his employees to get better sleep so that they stay healthy and thus take fewer sick days. He should recommend that his employees:

Answers

Artemis must recommend healthy practices to its employees such as eating properly, sleeping at least 8 hours a day, doing at least 1 hour of daily physical activity and avoiding consuming alcoholic beverages.

How to lead a healthy lifestyle?

A healthy lifestyle is a type of lifestyle that combines various actions that improve the health of individuals by improving various aspects of their life.

What recommendations would you give someone to improve their lifestyle?

Some recommendations to improve lifestyle are related to a healthy lifestyle because this has a positive impact on it. Some recommendations are:

Eat balancedDo not consume alcoholic beveragesDo physical activity dailySleep at least 8 hours a day

According to the foregoing, Artemis must recommend these practices to its employees so that their health remains in optimal conditions and their performance at work is not affected.

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Jones Company's inventory cost is $100. The expected sales price is $110, estimated selling costs are $12. Consistent with the lower of cost and net realizable value approach, this inventory item should be valued at:__________
a) $110.
b) $88.
c) $98.
d) $100

Answers

Answer:

I think A but ion kno thats prolly wrong-

Explanation:

Since she had an established customer base of retail stores when she began her job as a sales representative for unilever, jess can skip one step in the selling process. Which step is she able to skip?.

Answers

the answer is…

Prospecting
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