On July 18, Coronado Company would debit Cash for $4508, debit Sales Discounts for $92, and credit Accounts Receivable for $4600. This is because they received a payment within the discount period stated in the terms of 2/10, n/60, allowing for a 2% discount.
Explanation:The subject of your question deals with accounts receivable and sales discounts.
Coronado Company sold goods on credit to Wildhorse Company for $4600 with the terms defined as 2/10, n/60. This type of terms means Wildhorse gets a 2% discount if payment is made within 10 days (the discount period), but the net amount of the invoice is due in 60 days.
As Wildhorse made the payment on July 18, i.e., within the discount period, they would apply the 2% discount on the sale price. Therefore, Coronado would receive and record a payment of $4508 (98% of $4600) rather than the full $4600, with the $92 difference being accounted for as sales discount.
So, the ledger entries on July 18 for Coronado would be:
Debit: Cash $4508Debit: Sales Discounts $92Credit: Accounts Receivable $4600Learn more about Accounts Receivable here:https://brainly.com/question/31928398
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All's fair appliance company is an appliance wholesaler. select the most appropriate audit procedure from the list below and enter the number in the appropriate place on the grid. (an audit procedure may be selected once, more than once, or not at all.) audit procedure: 1. compare selected amounts from the accounts payable listing with the voucher and supporting documents. 2. review drafts of the financial statements. 3. search for unrecorded liabilities. 4. select a sample of receiving documents for a few days before and after year-end. 5. obtain a listing of the accounts payable and agree total to general ledger control account.
a. Compare designated amounts from the accounts payable listing with the voucher and supporting entitites.
b. Select a sample of receiving documents for a few days before and after year end.
c. Obtain a listing of the accounts payable and agree total to general ledger control account.
d. Review drafts of the financial statements
Toll-free hotlines that companies set up to give employees a place to report misconduct are associated with which aspect of ethics programs?
The correct answer to this question is creating systems to monitor and implement ethical standards. Because here the company has taken an action of setting up toll free hotlines to enforce ethical standards. It talks about establishing systems and here in the given scenario toll free hotlines system has been established.
Final answer:
Toll-free hotlines for reporting misconduct are part of a company's whistleblowing policies within its ethics programs, designed to protect whistleblowers and promote an ethical workplace culture.
Explanation:
Toll-free hotlines that companies set up for employees to report misconduct are associated with whistleblowing policies within an organization's ethics programs. These hotlines, often confidential, provide a secure avenue for whistleblowers to report unethical activities or misconduct. The goal of such hotlines is to foster an environment where ethical concerns can be raised without fear of retaliation, thus cultivating a culture of transparency and accountability.
Organizations may also offer recurring job training to deal with common and egregious scenarios related to ethical issues. However, the establishment of a company culture committed to consistently ethical behavior often plays a more significant role in ensuring ethical practices than policies and rules alone. Leaders who are committed to such behavior support the development of an ethical workplace culture.
"parents with children list a gps system (28%) and a dvd player (28%) as "must have" accessories for a road trip.12 suppose a sample of n 1000 parents are randomly selected and asked what devices they would like to have for a family road trip. let ˆp be the proportion of parents in the sample who choose either a gps system or a dvd player"
_____ would not be included in a demographic segmentation of consumers.
A make-to-order operation would be primarily concerned with:
PEMDAS
P- Parenthesis
E-Exponents
M-Multiply
D-Divide
A-Add
S-Subtracting
Hope it helped you.
-Charlie
At what point does a firm maximize profit? the point at which marginal
A firm maximizes profit at the point at which marginal cost equals marginal revenue.
What is the importance of profit maximization?Profit maximization is a strategy that can promote effective and long-term business expansion. A company can weather an economic disaster and pay higher salaries and dividends to its stockholders when it has bigger earnings.
The additional money that results from raising the quantity is known as the marginal revenue. A corporation divides the change in its total revenue by the change in its total output quantity to determine its marginal revenue.
When marginal cost and marginal revenue are equal, your company's output level is at its highest. At this point, efficiency is at its peak and profits are at their highest point.
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Inland eastex inc. manufactures toothpastes. even when the company increased the price of its toothpastes last year, the sales did not drop. this is an example of _____.
Gencorp. has a total debt of $140 million and stockholders' equity of $50 million. it also has 26 million shares outstanding, with a market price of $4.00 per share. what is gencorp's market debt-equity ratio?
Gencorp's market debt-equity ratio is approximately 1.346, which is calculated by dividing its total debt of $140 million by the market value of its equity, which is $104 million.
Explanation:The market debt-equity ratio is calculated by comparing a company's total debt to its total market value of equity. Based on the information provided for Gencorp, we can calculate the market value of equity by multiplying the number of shares outstanding (26 million) by the market price per share ($4.00). This gives us a market value of equity of $104 million. With the total debt being $140 million, we can now calculate the market debt-equity ratio by dividing the total debt by the market value of equity.
Market debt-equity ratio = Total debt / Market value of equity
= $140 million / $104 million
= 1.346 (approximately)
Therefore, Gencorp's market debt-equity ratio is 1.346, which indicates that for every dollar of equity, there is approximately $1.346 of debt.
If you invest $2,000 today for three years at 5% interest paid annually, you will earn a total of $_____ in interest. assume you re-invest all interest.
By investing $2,000 at a 5% annual interest rate compounded annually for 3 years, the total interest earned would be $315.25, assuming all interest is reinvested.
If you invest $2,000 today for three years at 5% interest paid annually and re-invest all interest, we can use the formula for compound interest to calculate the total interest earned over the investment period. The compound interest formula is A = P(1 + r/n)(nt), where A is the amount of money accumulated after n years, including interest, P is the principal amount (initial investment), r is the annual interest rate (decimal), n is the number of times that interest is compounded per year, and t is the number of years the money is invested for.
Let's calculate the total amount first:
P = $2,000r = 0.05 (5% annual interest rate)n = 1 (interest is compounded annually)t = 3 yearsA = $2,000(1 + 0.05/1)(1×3)
A = $2,000(1 + 0.05)3
A = $2,000(1.05)3
A = $2,000(1.157625)
A = $2,315.25
The total amount after 3 years is $2,315.25. The total interest earned is the difference between the final amount and the initial investment:
Total interest = A - P
Total interest = $2,315.25 - $2,000
Total interest = $315.25
So, if you invest $2,000 today for three years at 5% interest paid annually, you will earn a total of $315.25 in interest, assuming you re-invest all interest.
A study examined consumption levels of oil and carbon dioxide emissions for sample of counties. the response variable in this study is
The response variable in this study is the level of carbon dioxide emissions.
In statistical studies, the response variable, also known as the dependent variable, is the outcome or variable being studied and measured. Here, the study examines the relationship between oil consumption (an explanatory variable) and carbon dioxide emissions. The amount of carbon dioxide emissions is what the study aims to predict or explain. By exploring how variations in oil consumption levels affect carbon dioxide emissions, researchers can draw conclusions about the impact of oil usage on environmental pollution and sustainability.
Identifying the response variable is critical in understanding the dynamics of the study. It allows for a focused analysis on how changes in the consumption of resources like oil are directly correlated with environmental metrics. This information can then be utilized for creating policies or interventions aimed at reducing carbon emissions. The findings provide valuable insights into how specific variables are interconnected and influence broader ecological outcomes.
From 2016 to 2017, accounts receivable increased from $4,000 to $4,800. the percent increase is:
To solve for the accounts receivable increase take:
$4,800 - $4,000 = $800 then take the difference from the increase amount and the original amount and divide them from each other. $800/$4,000 = 0.20. To turn the decimal into a percentage multiplu 0.20 by 100 = 20% increase.
What process was used to make the shang dynasty ritual wine vessel (3.3?
The fiscal 2016 financial statements of nike inc. shows net operating profit margin (nopm) of 11.4%, net operating asset turnover (noat) of 3.83, return on equity of 30.1%, and adjusted return on assets of 17.1%. what is the company's nonoperating return?
a. (13.6)%
b. 18.7%
c. (14.5)% d) 35.4% e) there is not enough information to calculate the ratio.
Increasing your 401k deduction will ________ your take-home pay and __________ your federal taxes in the current year.
Suppose you are in charge of sales at a pharmaceutical company, and your firm has a new drug that causes bald men to grow hair. assume that the company wants to earn as much revenue as possible from this drug. if the elasticity of demand for your company's product at the current price is 1.4, what would you advise the company to do?
Grocery stores use scanners not only for faster check-out times, but as a tool to obtain merchandise sales data and create short-term forecasts. this system is known as _______________ production.
An entrepreneur is someone who starts and runs a business. is an employee of a business. invents products for other businesses. works for multiple developing businesses.
An entrepreneur is someone "who starts and runs a business".
An entrepreneur is a person who begins and runs a business with limited assets and arranging, and is in charge of the considerable number of dangers and prizes of his or her business adventure. The business thought for the most part includes another item or administration as opposed to a current plan of action.
The entrepreneur will hazard his or her money related security and vocation, investing energy just as capital on a questionable endeavor, organizing the fundamental capital, crude materials, fabricating areas and talented workers.
zecola is a beverage manufacturer. it presents wyb, a zero-calorie drink to compete with we fresh's shire, a low-calorie drink. when wyb is released in the market, we fresh cuts down the price on shire to match wyb's price. this scenario is an example of a(n) _____.
In a sales contract, the only exception to a buyer claiming title warranty occurs if the
(c) using okun's law, how more much would total output (gdp) have had to grow to create that many jobs?
If bill gates purchases stock in a foreign corporation then
In august 2016, richard purchased and placed in service an office building costing $753,000, including $134,000 for the land. the amount of depreciation richard may claim in 2016 is __________.
For bonovia, what is the opportunity cost of a pound of cheese? 0.8 pounds of ham
Every year, shutterstock hosts an annual hackathon in which employees are given the opportunity to imagine, design, and implement an idea they think can provide value to the company, and shutterstock awards prizes to the best ideas in different categories. this is an example of _______.
This is the third investigatory agency created, which fell under the department of treasury during its inception:
The settempvar action is in the ____ category of the action catalog.
Select the best definition of labor productivity:
The amount of output and the amount of labor required to achieve that output are compared to determine labor productivity, which is a gauge of economic performance.
By dividing the total output produced during a certain time period by the total number of employees, one can measure labour productivity. Increases in worker productivity, which may be summed up as how efficiently we do tasks, are the source of long-term, sustained economic performance. The amount of value an employee produces for every unit of their input is known as labor productivity.
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Computing the cronbach's alpha is the way to check if the:
Cronbach's Alpha is a statistical method used to measure the internal consistency or reliability of a test or measuring instrument. It ensures the test or instrument is reliable and indicates how consistently different parts contribute to the overall score.
Explanation:Computing the Cronbach's Alpha is a method used in statistics to measure internal consistency or reliability of a test score or measurement.
In other words, it verifies if different parts of a test or measuring instrument are consistent with each other and contribute to the overall score or measurement in a consistent manner. This measure helps to ensure that the test or measurement is reliable and valid.
The value of Cronbach's Alpha ranges between 0 and 1. A value close to 1 indicates high internal consistency while a value close to 0 indicates low internal consistency.
It's important to note that Cronbach's Alpha assumes that the variables are unidimensional, meaning that they measure a single latent construct.
Additionally, it also assumes that all items in the test or instrument are equally correlated, an assumption that might not always hold in reality.
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The health information management department plans to install an automated tumor registry, and the vendor documentation is very, very lengthy giving instructions on how to work the system. all tumor registry staff thinks a "cheat sheet" or 1- to 2-page instruction summary should be written for ease of reference and increased data quality. who should develop this reference?
The correct answer is that the tumor registry staff should develop the reference "cheat sheet."
The tumor registry staff are the end-users of the automated tumor registry system and will be utilizing it on a daily basis. They are the ones who are most familiar with the specific tasks and information that they need quick access to. By creating the "cheat sheet" themselves, they can ensure that it includes all the necessary information in a concise and easily accessible format tailored to their workflow. This will not only help in increasing data quality but also in streamlining their daily tasks by providing a quick reference guide. Additionally, involving the staff in the development process will empower them and increase their familiarity and comfort with the new system, which can be crucial for successful implementation and adoption. It is also important that the staff who will be using the "cheat sheet" are involved in its creation to ensure that it meets their needs and preferences, which can vary depending on their specific roles and responsibilities within the tumor registry.
True or false- it’s important to keep track of debit card purchases so you know how much money is in your account.