paid rent of Rs.25000 by cheque. make journal entry ​

Answers

Answer 1

Answer:

see below

Explanation:

Rent is an expense to the business. An increase in expenses is debited.

rent was paid by cheque. The transaction will reduce money held at the bank( asset) by Rs. 25,000. A reduction in assets is credited.

The journal entry will be

Rent A/c  Dr. Rs. 25,000

Bank A/c           Cr. Rs. 25,000


Related Questions

if the united states imposes an import quota on imported soybeans, how much will the united states produce domestically

Answers

Answer:

If the United States imposes an import quota, domestic production will rise, from what was produced at the world price (because the world price is the price the equilibrium price in the absence of tariffs), to the level of production determined by the domestic price.

Explanation:

This increase in production will only benefit domestic producers though, because they will now sell a higher quantity at a higher price, raising their incomes substantially.

Consumers, however, will be worse off, because before the tariff, they could buy the same amount of soybeans at the lower world price, but with the tariff, they are obliged to purchase the soybeans at the higher domestic price, lowering their available income for other goods and services.

With SMART goals, what does the “T” stand for?
a
Training
b
Time bound
c
Task
d
Teaching

Answers

Answer:

time bond

Explanation:

time frame given to achieve that goal

time bound

like giving yourself time

Participative leadership is enhanced when:______

Answers

Answer:

employees partake in the decision making in an organization.

Explanation:

Participative leadership is enhanced when employees are involved in the decision making of an organization, hence creating a collaborative approach towards running and managing the organization.

In participative leadership approach, all the members within a team collaborate in terms of identifying essential goals and finding a means to achieving those goals. The importance of participative leadership is that it boost the morale of employees by giving them sense of belonging.

25 POINTS AND BRAINLIEST!! PLS HELP

What items should be included in signatures on business e-mail?


threads

e-mail address

name and title

company name

inspirational messages

phone and fax numbers

mailing address

Answers

Hey there!

The following should be the answers:

e-mail address

name and title

company name

phone and fax numbers

mailing address

Hope it helps and have an amazing day!!!

Answer:

yeah they right on OW

Explanation:

Select the correct answer from the drop-down menu
If a society decides to produce consumer goods from its avalable resources, It is answering the basic econamic question,
How to produce?
What to produce?
For whom to produce?

Answers

Answer:

What to produce?

Explanation:

A society has to make choices in order to meet the diverse needs of its members. The resources available in all economies are insufficient to meet all needs. Because of this scarcity, a society has to make informed decisions on what to produce at any given.  

Societies make choices on what to produce with the available resource. In every decision, there is a sacrifice to be made.

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.
Wrtie down the most appropriate area of the SWOT analysis for each item.


1. The R&D program at the company produces world-class products
2. Our product is targeted to young professionals under 35 years of age. That group is growing.
3. The equipment the company owns is last generation and does not have the latest technology,
4- There have been several up and coming companies that are beginning to enter our market space,
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.
6. The employees who work for us are highly skilled and leaders in their field.
7. Management does not provide a big budget to support the world-class staff that work for the company.
g. 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

Answers

Answer:

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.

Explanation:

"Consider a C corporation. The corporation earns $2.5 per share before taxes. After the corporation has paid its corresponding taxes, it will distribute 50% of its earnings to its shareholders as a dividend. The corporate tax rate is 30%, the tax rate on dividend income is 20%, and the personal income tax rate is set at 28%. What are the shareholders earnings from the corporation after all corresponding taxes are paid

Answers

Answer:

$0.70 per stock

Explanation:

before tax corporate income = $2.50 per stock

after tax corporate income = $2.50 x (1 - 30%) = $1.75 per stock

distributed dividends = $1.75 x 50% = $0.875 per stock

since the tax rate on dividends is 20%, then the after tax gain earned by stockholders is $0.875 x (1 - 20%) = $0.70 per stock

Some dividends are taxed as long term capital gains (like these), which decreases the tax rate paid by stockholders. If they were taxed at the normal income rate, the tax rate would have been 8% higher.

Viral promotion involves: Group of answer choices offering rebates and incentives to customers for adopting a product or service. paying celebrities to use a product visibly to lure customers into unwittingly buying the product. emphasizing customer retention and satisfaction, rather than a dominant focus on sales transactions. leveraging a firm's customers to promote a product or service.

Answers

Answer:

Leveraging a firm's customers to promote a product or service

Explanation:

Viral promotion can be regarded as

business strategy which are utilized in promoting products/services of a company through existing social networks, it could be achieved by creating videos , photos on social networks and other network, it deals with spreading of information that concern the product. It should be noted that Viral promotion involves leveraging a firm's customers to promote a product or service

Which 3 transactions in QuickBooks Online are reflected in the Accounts Payable Aging Detail report?

a. Bill
b. Statements
c. Vendor Credits
d. Bill Payments
e. Purchase Orders

Answers

Answer:

a. Bill

c. Vendor Credits

d. Bill Payments

Explanation:

QuickBooks Online is an accounting software that has millions of users most of whom are medium and small time businesses. It is very useful in ensuring that the needs of even novices in accounting are taken care of.

In the Accounts Payable Aging detail report, QuickBooks online includes Bills which gives a list of vendors purchased from. It includes Vendor credits which shows the vendors owed and the payment terms of the debt and Bill payments which show the history of payments both owed and already made to certain vendors.

what are some fixed costs of a grocery store

Answers

Answer:

Rental lease payments, property taxes, interest expenses, insurance, or salaries.

Explanation:

Fixed costs are the expenditures that doesn't change base on sales.

Determine the future value of $19,000 under each of the following sets of assumptions (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Round your final answers to nearest whole dollar amount.)

Answers

Answer and Explanation:

The computation of the future value in the following situations:

As we know that

Future value = Present value × (1 + rate of interest)^number of years

1. For semiannually

= $19,000 × (1 + 0.10 ÷ 2 )^8 × 2

= $19,000 × (1.05)^16

= $19,000 × 2.1829

= $41,475

2. For quartely

= $19,000 × (1 + 0.12 ÷ 4 )^2 × 2

= $19,000 × (1.03)^4

= $19,000 × 1.2268

= $23,309

3. For monthly

= $19,000 × (1 + 0.36 ÷ 12 )^15

= $19,000 × (1.03)^15

= $29,602

Decision making is often a biased and flawed process. This activity is important because a person who can identify and be aware of their biases may be able to make better decisions for themselves and may be able to diagnose flawed decisions that affect their workplace. The goal of this exercise is to test your knowledge of the nine fundamental decision-making biases given below.

a. Availability Bias
b. Representativeness Bias
c. Sunk-Cost Bias
d. Anchoring and Adjustment Bias
e. Confirmation Bias
f. Overconfidence Bias
g. Hindsight Bias
h. Framing Bias
i. Escalation of Commitment Bias

Answers

Answer:

a. Availability bias ⇒ Cori

This bias refers to the mind's tendency to evaluate a topic based on the examples that they already know of and therefore come to their mind first. Cori thought of her weather at home first and related it to Australia.

b. Representativeness Bias ⇒ Trinity

This bias is one that people make when things are related. They assume that if it is the case for an event, related events should work the same as well.

c. Sunk-cost bias ⇒ Zion

This bias refers to the making of decisions based on sunk costs. Zion's transmission is a sunk cost but he used it as a basis to fix the brakes.

d. Anchoring and Adjustment bias ⇒ Nishka

This bias occurs when we look upon new information with a biased view as Nishka did when they looked at the prices of cheaper cars.

e. Confirmation bias ⇒ Declan

Confirmation bias is when we only listen to information that supports our view much like Declan here who disregarded information that criticized his car model.

f. Overconfidence bias ⇒ Milo

This bias results from having unfounded confidence in our ability to do something much like Milo here who believed he was good enough to invest as his broker who had to go through more intensive training.

g. Hindsight bias ⇒ Sai

Believing that we always knew something was going to happen after the thing happens.

h. Framing bias ⇒ Rosa

This bias occurs when decisions are made based on one aspect due to the decision being framed from that aspect.

i. Escalation of Commitment Bias ⇒ Amara

This bias occurs when we continue to follow a decision path even though that decision has proven to provide negative consequences.

Damon convinced his aunt to lend him $6,900 to purchase a plasma digital TV. She has agreed to charge only 12 percent simple interest, and he has agreed to repay the loan at the end of one year. How much interest will he pay for the year

Answers

Answer:

444

Explanation:

Simple Interest for a year can be calculated using

I = PRT/100

P= Principle amount

R= percent simple interest

T= time

(3700)(12)(1)/100 = 444

Crane Corp. had total variable costs of $269,100, total fixed costs of $111,600, and total revenues of $390,000. Compute the required sales in dollars to break even.

Answers

Answer:

the break even point in dollars is $360,000

Explanation:

The computation of the break even sales in dollars is given below:

Break even sales in dollars is

= Fixed cost ÷ contribution margin ratio

where,

Contribution margin ratio is

= (Sales - variable cost) ÷ (Sales)

= ($390,000 - $269,100) ÷ ($390,000)

= 31%

Now the break even point in dollars is

= $111,600 ÷ 0.31

= $360,000

Hence, the break even point in dollars is $360,000

does anyone know a free app that i can watch shows on? what show u may ask it called the 100​

Answers

Answer:

You can download Tubi or Pluto tv they have shows and movies as well

Explanation:

Distinguish between small and large office.

Answers

Answer:

A small office is usually found in a small organisation because the volume of clerical activities is small.  An example of a large office is a bank. A factory could also be an example of a large office if it has more than ten people working in it. In a large office, work is divided among the many clerical workers.

ook at these two sentences about Undeposited Funds: By posting to Undeposited Funds, you can create a single bank deposit for multiple payments, making it easy ___________. When receiving a payment, make sure _________________.

Answers

Answer:

1. To match your bank register with your bank statement; 2. the Deposit to account is Undeposited Funds

Explanation:

In order to reconcile with the company book accounts to the bank statement. If the posting is to be done in non-deposited funds so it would be develop the bank deposit for multiple payments that could easy for matching also at the time of payment received make sure that the deposit should be undeposited funds

So the same is relevant

Upon graduating from High School in 2019, you were granted a $6,000 college scholarship for academic year 2019-2020. As a full-time student and degree candidate during the fall term of 2019 you received $2,000 and spent $1,200 on tuition and fees, $300 on books and $500 on room and board. How much of your scholarship is taxable on your 2019 Federal return

Answers

Answer:

The answer is "$500".

Explanation:

The student is indeed a professional student and a graduate candidate of a qualifying organization and utilizes the sum of a grant for salary payments. The study money is income.  

Registered costs include university fees, book sales but do not cover room and boarding spending. In federal return, such expenditure for room and boarding is deductible. Even so, in the 2019 Fiscal return, $500 of the amount of the grant is deductible.

When the Sales Tax feature is enabled in QuickBooks Online, where must you record sales tax payments?

Answers

Answer:

Sales Tax Center

Explanation:

          QuickBooks Online is an online service for accounting software package that is developed as well as marketed by Intuit. Its products are mainly small or medium sized business and other accounting applications and cloud based version which accept management and payment of bills, business payments, payroll functions, etc.

         In QuickBooks, we use the Pay sales tax window to create the sales tax payments. Intuit offers a new and advance version of sales tax feature in QuickBooks Online. We must record the sales tax payments in the sales tax center when the sales tax feature is enable in QuickBooks Online.

Pat decides to leave her job as an engineer to start a her own business. She estimates that her costs in rent, inventory, supplies, total $150,000. She will also give up her $80,000 salary as an engineer to work in her business. How much is her implicit cost

Answers

Answer:

Pat

Her implicit cost is:

$80,000

Explanation:

Pat's implicit cost is one part of the opportunity cost that arises when she utilizes her resources, knowledge, and skills toward a project or business without any explicit compensation for the utilized resources.  She will be giving up $80,000 from all salary as an employed engineer to start her own business.  She does not necessarily need to make a monetary payment for her implicit cost, unlike her explicit cost of $150,000.

When the purchasing company bears the liquidation expenses it will debit the expenses to:_______

a. Vendor Company’s Account
b. Bank Account
c. Goodwill Account
d. Debtors Account

Answers

Answer:

c. Goodwill Account

Explanation:

In the case when the company is in liquidation and the purchasing company paid the liquidation expense as it is beared by them so here the expenses would be debited to the goodwill account

Therefore as per the given situation, the option c is correct as the liquidation expenses should be debited to the goodwill

So the rest of the options are wrong

Select the correct answer from each drop-down menu. In which year was Sarbanes-Oxley Act passed and what was its main objective? The Sarbanes-Oxley Act was passed in . Its main objective is to drive improvements in companies’ internal controls to safeguard .

Answers

Answer:

1. Sarbanes- Oxley Act was passed into law in 2002, precisely in July 2002.

2. Its main objective is to restore investors' confidence in the financial markets.

Explanation:

The U.S. law that makes corporate financial disclosures more reliable and accurate is known as the Sarbanes-Oxley Act of 2002 or the Public Company Accounting Reform and Investor Protection Act of 2002. It followed the financial disasters (of Enron and Worldcom).  It primary purpose was to restore investors' confidence in the financial markets, especially with respect to audits.

Answer:

The Sarbanes-Oxley Act was passed in 2002. Its main objective is to drive improvements in companies’ internal controls to safeguard investor interest.

Explanation:

I'm doing the same Edmentum course and was wondering if anyone else needed the answer because I found it.

If there are so many risks to investing in the stock market, why do so many people do it?

Answers

There's an obvious answer... high risk; ergo high return.

Identify each statement as true or false. 1. Process cost systems are used to apply costs to similar products that are mass-produced in a continuous fashion. select between True and False 2. A process cost system is used when each finished unit is indistinguishable from another. select between True and False 3. Companies that produce soft drinks, movies, and computer chips would all use process cost accounting. select between True and False 4. In a process cost system, costs are tracked by individual jobs. select between True and False 5. Job order costing and process costing track different manufacturing cost elements. select between True and False 6. Both job order costing and process costing account for direct materials, direct labor, and manufacturing overhead. select between True and False 7. Costs flow through the accounts in the same basic way for both job order costing and process costing. select between True and False 8. In a process cost system, only one work in process account is used. select between True and False 9. In a process cost system, costs are summarized in a job cost sheet. select between True and False 10. In a process cost system, the unit cost is total manufacturing costs for the period divided by the equivalent units produced during the period.

Answers

Answer:

1. True

2. True

3. False - movie companies will not.

4. False

5. False

6. True

7. True

8. False

9. False

10. True

Compare and Contrast the four current perspectives of organizational effectiveness.

Answers

Explanation:

The four current perspectives of organizational effectiveness are the ability that a company has to acquire knowledge, use, share and keep.

In the globalized and competitive business scenario, the organizations that stand out and are well positioned are those that know how to use their resources most effectively, extracting knowledge from each organizational resource that will provide subsidies for the continuous improvement of all organizational systems.

A company can acquire knowledge through experience in the market, consulting, training, benchmarking, interactions, technologies, etc., and through this acquired knowledge it is necessary to use it in line with organizational objectives and goals and also having the responsibility that its actions and strategies will impact directly in the internal and external environment, so knowledge will align the company and its values ​​with the values ​​of its stakeholders.

Knowledge sharing is also essential for companies to manage human resources and transmit the values, policies, procedures, etc. to their workforce, which will guide the work and create an organizational climate favorable to individual and team development. job.

Storing information can be understood as meaningful and learned values ​​for companies that are valuable for their effectiveness and compliance with strategies.

It is ideal that companies adapt to new technologies and market trends, seeking to satisfy their stakeholders, exercise corporate governance and manage processes in search of continuous improvement.

Suppose there are 100 residents on the island of Mahalo. Whenever someone purchases a palm tree to plant on the island, everyone on the island receives the same benefits from the tree, which include beauty, shade, and erosion control. The table below shows the total social cost (which is also the total private cost) and the total private benefit received per resident depending on the quantity of palm trees purchased. Use this information to answer the questions that follow.

Quantity of palm trees Total social cost (total private cost) Total private benefit per resident
0 $0 $0
1 200 8
2 400 12
3 600 14
4 800 15

Required:
a. Does the purchase of palm trees create a negative externality, a positive externality, or no externality? Explain.
b. Draw a graph that depicts the marginal social cost and the marginal social benefit of palm trees.
c. What quantity of palm trees would be purchased if they were sold in a private market? Explain.
d. What is the socially optimal quantity of palm trees? Explain.
e. In this situation are palm trees a private good, a public good, or a common resource?
f. What could be an appropriate governmental policy response to this situation?

Answers

Answer:

a. Does the purchase of palm trees create a negative externality, a positive externality, or no externality? Explain.

A positive externality is created since individuals that have nothing to do with the original transaction still benefit from it.

b. Draw a graph that depicts the marginal social cost and the marginal social benefit of palm trees.

Q of palm trees             Marginal private cost      Marginal private benefit

0                                               $0                                    $0

1                                             $200                                 $800

2                                            $200                                 $400

3                                            $200                                 $200

4                                            $200                                 $100

See attached graph

c. What quantity of palm trees would be purchased if they were sold in a private market? Explain.

3 palm trees, since marginal cost = marginal benefit

d. What is the socially optimal quantity of palm trees? Explain.

3 palm trees, since marginal cost = marginal benefit

e. In this situation are palm trees a private good, a public good, or a common resource?

a public good because every citizen can benefit from them, and they are not rival in consumption  

f. What could be an appropriate governmental policy response to this situation?

The government could subsidize palm trees in order to lower the private cost, so more trees are purchased, increasing total social benefit.

Brent has to complete a final group project and his group members aren't
doing their share of the work. Brent generally believes in being kind to others,
but at the last group meeting, he was so frustrated that he yelled at the group
and threatened to stop working on the project. Which value system is mainly
in question here?
A.ethics
B.law
C.business law
M.morality

Answers

Answer: M. Morality

Explanation:

Morality is the value system is mainly in question here. Hence, option D is correct.

What is Morality?

Moral and just standards define what constitutes unacceptable behavior in society and what constitutes right and acceptable behavior.

A civilisation uses moral standards to decide what is reasonable, right, or acceptable. The majority of nations agree that murder is evil, while some grant an exemption for murder committed when waging a war to defend the nation or when acting in self-defense.

According to Louis Pojman, morality has five objectives: "keep society from disintegrating," "lessen human suffering," "promote human flourishing," "resolve conflicts of interest in just and orderly ways," and "give praise and blame, reward the good, and punish the guilty".

Thus, option D is correct.

For more information about Morality, click here:

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what are some common tasks performed by Municipal Clerks? Check all that apply.

recording and editing the minutes (notes) of meetings
performing inspections to make sure restaurants meet standards
planning the maintenance of documents
issuing public notifications of meetings
drafting and proposing legislation
traveling to attend conferences in other states
participating in administration of elections

Answers

Answer:

record minutes of council meetings; answer official correspondence; keep fiscal records and accounts; and prepare reports on civic needs.

Answer:

1, 3, 4, 7

Explanation:

Hi, I'm sorry I'm late but maybe it will help others. ;D

Dealing with a customer or seller in another country ________.

a. A U.S. company can always choose to be governed by U.S. law.
b. A U.S. company is always required to deal with the law of the foreign country.
c. Always raises issues over which country or countries law(s) will be applied and issues of jurisdiction to hear the case.

Answers

Answer:

iraq

Explanation:

Dealing with a customer or seller in another country A U.S. company is always required to deal with the law of the foreign country. Thus the correct option is B.

What is a Customer?

A customer is referred to as an individual who purchases a product or service. He may or may not be the consumer. A consumer refers to a person who utilizes or consume goods and service.

An e-commerce company will be governed by the rules and legislation of any other countries or states where you sell to customers. In the case, when the customer makes any complaint it will be handled by a foreign jurisdiction.

Therefore, it is crucial to start any business on an international border first need to check the legal environment to avoid any consequences in later terms and helps in the better positioning of the business.

Therefore, option B is appropriate.

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A businessman wants to buy a truck. The dealer offers to sell the truck for either $120,000 now, or six yearly payments of $25,000.What is the interest rate being offered by the dealer in percentage (rounded to the closest integer number)

Answers

Answer: 6.77%

Explanation:

Based on the information given in the question, the following can be deduced:

Initial amount (PV) = $120000

Annual payment (PMT) = $25000

Number of payment period (NPER) = 6

Annual rate = Rate(nper, pmt, -pv)

= Rate(6, 25000, -120000)

= 6.77%

Other Questions
In a zoo theres 5 tigers, 4 lions, and 7 cheetahs. What is the ratio of Cheetah: Tiger?7:44:75:75:47:5 PLS HURRY!!How did the printing press influence the Renaissance?It allowed math symbols to become more standardized.It encouraged governments to have written constitutions.It inspired more artists to create sculptures and paintings.It caused an increase in literacy and the spread of new ideas. List someexamples of adaptive evolution: How many neutrons are in neon? Augustus compares his cancer to a battle and to war but the metaphor doesnt quite work, especially when he says, My cancer is me. Explain what he means by this statement and his later statement about dying with glory 1-i need to mix 25% mineral spirits to the varnish i am using what ratio of spirit to varnish am i using? 2-if i use 240 ml of varnish what quantity of mineral spirits will i need in ml ? 3-Robison's tapestries all measure 1.5m x 1m wide. Express the proportion of the tapestries' heights to width using whole numbers. Give the answer in ration. The length of the rectangle is three meters less than twice the width. The perimeter is 36meters. Whats the demensions of the rectangle Which of the following statements is true of the number 651.44A) The 4 in the hundredths place has a value that is 10 times that of the 4 in the tenths place B) The 4 in the tenths place has a value that is 10 times that of the 4 in the hundredths place C) The 4 in the tenths place has a value that is 100 times that of the 4 in the hundredths placeD) The 4 in the tenths place has a value that is 1/10 that of the 4 in the hundredths place Either Jason or Sanchez will wear (their, his) slippers to the meeting. choose the correct pronoun plzzzz Work backwards using the Distributive Property.8(2) + 6(2) =O 6(8+2)O 8(2 +6)O (8+6)2O 2(6+2) pls explain how to do this What are some things to be aware of that can lead to higher than expected totals when making a purchase or checking out Factor this polynomial completely.x^2-8x+16A. (x-4) (x-4)B. (x+4) (x+4)C. (x-4) (x+4)D. Does not factor 1. What is the subject of "Boys and Girls"? By Sandra Cisneros 2.what is the most significant moment in the text? What did European nations say ant from Asian and African colonies? what is the chemical formula of water. The belief that Europeans are the superior class in society is called? Read the passage.John had improved his study habits by always completing his homework before dinner. Then, spring and good weather came. He regressed; he started playing basketball until dinner every night and sometimes didn't get to his homework until right before class the next day.What does the word regressed mean?A. changed his mindB. moved forwardC. rearrangedD. moved backward Which of the following terms is NOT used to refer to white blood cells? Can someone help me?