Effective internal control activities over the payroll function may include Reconciliation of totals on job time tickets with job reports by employees responsible for those specific jobs. Verification of agreement of job time tickets with employee time clock card hours by a timekeeping department employee. Custody of rate authorization records by the supervisor of the payroll department. Preparation of payroll transaction journal entries by an employee who reports to the supervisor of the human resources department.

Answers

Answer 1

Answer:

Verification of agreement of job time tickets with employee clock card hours by a payroll department employee.

Explanation:

An effective internal control system

This simply aim to give adequate hope that  the policies, processes, tasks, behaviours etc, of  an organisation, when complied, helps its effective and efficient operation of the organisation etc.

It is very essential in the payroll and personnel cycle to prevent over payments and payments to nonexistent employees. Proper authorization  by  the human resources department should add and delete employees from the payroll or change pay rates and deductions. The number of hours,  overtime, must be approved by employees supervisor.

Payroll computations should be separately verified. A member of management should review the payroll output for any obvious errors or unusual amounts.


Related Questions

A month after your mutual aid agreement is activated for an incident, a participating jurisdiction claims that their responders are suffering from health problems and that is your responsibility to pay for their care. Your first step in this situation should be to: A. Check the Insurance and Liability section of your mutual aid agreement. B. Check the Demobilization section of your mutual aid operational plan. C. Reimburse them. D. Tell them to file a claim with your insurance company.

Answers

Answer:

A. Check the Insurance and Liability section of your mutual aid agreement

Explanation:

Firstly, a mutual aid agreement is a documents that sets the rules or terms under which help or assistance can be provided between two parties, jurisdictions, NGO, etc.

From the above question, it is important that before any step is taken, it is important to check the insurance an liability section of the mutual aid agreement. This will help to ascertain if indeed you are responsible for the healthcare payment of the responders as claimed by the participating jurisdiction.

This helps to clarify who is responsible for the responders.

Cheers

Bob and his sister Betty are co-owners of their late parents' business. Bob actively manages the business; Betty supplies capital from her inheritance but does not work in the business. They squabble over the distribution of profits from the business. Bob likely sees his sister as a _____, whereas Betty views her brother as a(n) _____. Group of answer choices predator; parasite co-owner; employee parasite; predator stockholder; manager

Answers

Answer: Parasite, predator

Explanation:

Managing businesses isn't an easy task despite it might be going well. On managing business, certain agreement has to be reached such as who finances , manages, and how interests are shared, when all these are well spelled out there would be no room for the other party to feel cheated while the other feels same way too. Betty and her brother feel cheated about each other's input regarding their business because they probably didn't spell out how the business operations would be run, they'll need to sort this out so they don't see each other so again.

Machvile Corporation, a robotics company, decides to acquire Chancera Inc., a start-up company that operates within the same industry. To better assess its decision, the management of Machvile Corporation needs to find out the value of Chancera Inc.'s total assets. The management has information regarding Chancera Inc.'s liabilities and stockholders' equity. In this scenario, the management should most likely use the _____ to get the required information.

Answers

Answer: Accounting equation

Explanation:

The accounting equation is a proposition or formula that accesses a company's assets by summing up it's equity and liabilities. It means that the equity of a company would equal it's assets minus liabilities.

Machvile Corporation can access properly the worth of Chancera Inc.'s by using the Accounting equation, weighing their assets and leaving out their liabilities.

Return on shareholders' equity indicates the percent of corporate earnings for each dollar of total equity invested in the corporation, whereas the earnings-price ratio reflects the percentage earned for each dollar of Multiple choice question. preferred stock. retained earnings. average total stockholders' equity. market value of common stock.

Answers

Answer:

market value of common stock.

Explanation:

The formula for earnings-price ratio is as follow

Earnings-price ratio = Earning Per share / Market value per share

This ratio determines the percentage of earnings as compared to each dollar of equity investment.

In this ratio, the equity investment is the market value of the share.

Hence the correct option is "market value of common stock."

Which of the following describes the purpose and activities of a parallel team? Multiple Choice to provide recommendations and resolve issues not specifically connected to production to perform complex tasks that take place in highly visible or challenging circumstances to produce a one-time output (product, service, plan, design, etc.) to integrate activities of subunits across business functions

Answers

Answer:

Provide recommendations and resolve issues not specifically connected to production

Explanation:

Parallel teams can be regarded as highly task-focused team ,which is been drawn on individuals ranging different functional areas as well as locations. This team are usually generally make completion to their work base on defined schedule. In most cases, parallel teams are not usually disbanded but they could be there so they can handle a subsequent set of tasks. It should be noted that One of the the purpose and activities of a parallel team is to Provide recommendations and resolve issues not specifically connected to production.

Morgan Company sponsors a postretirement health care plan for its employees. At the end of the current year, the expected postretirement benefit obligation (EPBO) relating to a particular employee is $25,000. To date, the employee has completed 10 of her 25 years of total expected service. The APBO at the end of the year relating to this employee is equal to

Answers

Answer:

APBO at end = $10,000

Explanation:

Given:

Expected postretirement benefit = $25,000

Years 10 to 25 years

Missing information:

Discount rate = 6% = 0.06

Find:

APBO at end

Computation :

APBO at end = Expected postretirement benefit[10/25]

APBO at end = 25,000[10/25]

APBO at end = 1,000[10]

APBO at end = $10,000

If the Dow Jones Industrial Average is 3.2% down that means that: Question 10 options: The stocks of all the companies in Dow Jones lost 3.2% of their value. The average value of the 30 blue chip stocks is down by 3.2%. the average of the stocks value of the top 500 companies in the U.S. decreased in value by 3.2% It does not have anything to do with the stock market.

Answers

Answer:

b). The average value of the 30 blue-chip stocks is down by 3.2%.  

Explanation:

'Dow Jones Industrial Average' also known as 'DJIA' is characterized as the standard indicator to denote the stock-market prices of the shares of the major companies associated with blue-chip in the United States.

As per the question, a down or fall in DJIA by 3.2% would indicate that the stock prices of the companies trading with 'blue-chip' have faced a reduction in their share prices by 3.2% for that day. So, this allows the investors to keep a check on the stock prices and invest accordingly whenever they find it profitable. Thus, option b is the correct answer as the other options fail to convey this idea rather they either talk about the loss of value instead of decrease(in options a and c) or disassociates the entire concept with the stock market(in option d).

Video news releases are ______. Group of answer choices None of the above options is correct produced by PR agencies and companies for use in TV newscasts aired by TV stations as part of their requirement to serve the public interest public service announcements (PSAs) eagerly accepted by TV news departments, especially in large markets

Answers

Answer:

produced by PR agencies and companies for use in TV newscasts.

Explanation:

Public relations involves the process of professionally maintaining and sustaining a favourable public perception and image by an organization or an elite.

It is a strategic communication process used by PR managers to issue and disseminate quality informations between their principal (usually an individual) or an organization and the public, in order to build a mutualistic relationship and boost their level of sales.

Public relations is a marketing tool that combine news covered by the media which are often not a directly paid for medium and is typically used to influence, inform and persuade the consumer to purchase a product.

A video news releases is a segment or portion of a video that's produced to have similarities with news report and are sent to media houses.

On a related note, video news releases are produced by public relations (PR) agencies and companies for use in TV newscasts.

A furniture producer has decided to buy its upholstery cloth from new suppliers. The president has given the purchasing manager responsibility to make the final selections and negotiate the terms. The purchasing manager looks through books with samples and specifications and then calls salespeople to make presentations to the production manager, who is concerned about how easy the cloth will be to cut and sew. In this case, the purchasing manager is a(n

Answers

Answer: All of the above

Explanation:

The options to the question include:

A. influencer.

B. a buyer.

C. a decider.

D. a gatekeeper.

E. all of the above

Based on the information given in the question, the purchasing manager is a buyer, influencer, gatekeeper, and decider.

The gatekeeper is a person who blocks the way between an individual and the decision maker in an organisation. This can be seen as he looks through books with samples and specifications and then calls salespeople to make presentations to the production manager.

The purchasing manager is also the decider as he makes the decision in the buying process for the organization. He's also the buyer and the influencer. Therefore, the correct option is All of the above.

After operating for years as a privately held corporation, MidAtlantic Ironworks plans to publicly trade its stock. As a midsized firm, MidAtlantic wants to avoid excessive paperwork, and the fear of being delisted in the future. The ________ provides the best fit for MidAtlantic's plans.

Answers

Answer:

I think the answer is"manager".

As a midsized firm, MidAtlantic wants to avoid excessive paperwork, and the fear of being delisted in the future. The over-the-counter market provides the best fit for MidAtlantic's plans.

What is over-the-counter market?

Without the use of a central exchange or broker, market participants can trade stocks, commodities, currencies, or other financial instruments directly between two parties in a decentralized market known as an over-the-counter (OTC) market.

Since there are no physical sites for over-the-counter markets, trading is done online. Comparing this to an auction market structure is completely different. OTC marketplaces often have less transparency and are subject to fewer restrictions than exchanges.

By quoting prices at which they will purchase and sell a security, currency, or other financial instruments, dealers serve as market makers in an OTC market. In an OTC market, a trade can be made between two parties without the other parties being aware of the price at which the deal was made.

Even though OTC markets run smoothly most of the time, there remains a risk known as a counter-party risk that one of the parties to the transaction may default before the deal is finished or won't fulfill the current and future payments that are stipulated in the contract.

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The category of inventory performance metrics that addresses effectiveness in terms of meeting demand requirements is referred to as _____. Multiple choice question. service level asset productivity inventory turnover days of supply

Answers

Answer:

service level

Explanation:

Service level in inventory management is defined as the probability of not hitting a product stock out in a business as it relates to customer demands.

There needs to be a balance between cost of inventory (or storage) and cost of having a stock out. Such that there is a guarantee that a depletion in stock does not occur.

A failure in service level will lead to customer dissatisfaction as a result of missed sales.

During March, the production department of a process operations system completed and transferred to finished goods 19,000 units that were in process at the beginning of March and 110,000 units that were started and completed in March. March's beginning inventory units were 100% complete with respect to materials and 55% complete with respect to conversion. At the end of March, 30,000 additional units were in process in the production department and were 100% complete with respect to materials and 28% complete with respect to conversion. Compute the number of equivalent units with respect to both materials and conversion respectively for March using the weighted-average method.

Answers

Answer:

Production Department

                                                   Materials      Conversion

Equivalent units of production   140,000          118,400

Explanation:

a) Data and Calculations:

                                                Units     Materials      Conversion

Beginning work in process  19,000        100%               55%

Started and completed       110,000        100%             100%

Ending work in process      30,000        100%               28%

Equivalent units of production:

Started and completed       110,000        110,000 (100%)  110,000 (100%)

Ending work in process      30,000         30,000 (100%)     8,400 (28%)

Equivalent units of production               140,000              118,400

Give examples if operational conflicts that could occur in a cross- cultural context because of different attitudes towards:1) time, 2) individualism. Give a country or region that would be different from the US for each of the two variables. (2.5 points).

Answers

Answer:

simple

Explanation:

The role of culture in influencing international business management practices and approaches is an undisputed fact [1, 2]. Studies have shown repeatedly that national cultural systems as well as individual cultures greatly affect the corporate cultural system [3, 4] in many ways. For example, national culture influences managerial decision-making, leadership styles, and human resource management practices [5, 6]. Similarly, national cultures affect managerial functions such as communication, motivation, organizational design, people’s expectations of work design, and reward systems [7]. Moreover, organizational polices (e.g., human resource polices) are influenced by various national institutions such as labor laws, educational and vocational training practices, and industrial standards and regulations [8]. In essence, culture organizes values into mental programs and the behavior of people within organizations is an enactment of such programs [9]. Organizations can be the same in such objective dimensions as physical plant, layout, or product, yet very different in the meanings, which the surrounding human cultures read into them [10]. Not only technologies and markets shape organizational culture, but by the cultural preferences of leaders and employees, national culture has a strong impact on people’s interpretations, understandings, and assessment of those with whom they work. Cultural values are important for interpersonal trust, teamwork, and the role of women in the workplace, among other issues [11, 12].

Which of the following communications must be reviewed and approved by a principal before it can be used? A) An internal memo to be sent to registered representatives describing a new sales technique B) Promotional material to be sent only to mutual funds and insurance companies C) A letter to be sent to all customers reminding them of a change in the tax laws D) A letter to be sent this week to 30 existing customers recommending a new service being offered by the firm

Answers

Answer:  I'm thinking C, but I cant find any evidence to help support it all to much. I looked up the answers and everything and no one knows, i'm sorry if I wasn't of any help

Good luck

The communications that must be reviewed and approved by a principal before they can be used are an internal memo to be sent to registered representatives describing a new sales technique, a letter to be sent to all customers and a letter to be sent this week to 30 existing customers recommending a new service. The correct options are a, c, and d.

An internal memo to be sent to registered representatives: Since this letter involves instructing staff members on sales practices, it should be examined and authorized by a principal. All clients are to get a letter informing them of an alteration to the tax laws: A principal should evaluate and approve this letter to make sure that it contains accurate, understandable information that complies with applicable tax regulations.

30 current clients will receive a letter this week proposing a new service the business is offering. A principal should also examine and approve this communication.  Even though it is directed towards a certain consumer segment, it is still crucial for a principal to check it to make sure the information is correct, pertinent, and compliant with the company's marketing and advertising standards.

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In the economy of Nocoin bank deposits are ​$ billion. Bank reserves are ​$ ​billion, of which two thirds are deposits with the central bank. Households and firms hold ​$ billion in bank notes. There are no coins. Calculate the monetary base and the quantity of money. Calculate the​ banks' desired reserve ratio and the currency drain ratio​ (as percentages).

Answers

Answer:

a.$90 billion

b. $330 billion

c. 20 percent

d. 10 percent

Explanation:

a Calculation to determine Calculate the monetary base

Using this formula

Monetary base =Reserves +Bank notes​ (dollar bills)

Let plug in the formula

Monetary base=$60 ​billion+ $30 billion

Monetary base= ​$90 billion

Therefore the Monetary base is $90 billion

b . Calculation to determine The quantity of money

Using this formula

Quantity of money =Deposits+Bank notes​ (dollar bills)

Let plug in the formula

Quantity of money=$300 billion+$30 billion

Quantity of money=$330 billion

Therefore Quantity of money is $330 billion

c. Calculation to determine The​ banks' desired reserve ratio

Banks' desired reserve ratio =2/3*$30 billion

Banks' desired reserve ratio=20 percent.

Therefore the Banks' desired reserve ratio is 20 percent

d. Calculation to determine The currency drain ratio

Currency drain ratio =1/3*$30 billion

Currency drain ratio=10 percent

Therefore Currency drain ratio is 10 percent sure

Wolfe Company purchased a truck for $62,000, with an estimated useful life of 8 years and a salvage value of $10,000. The company uses the double-declining-balance method of depreciation; however, after year 3 they switch to the straight-line method. There is no change to the estimated useful life or salvage value. What is the accumulated depreciation balance at the end of year 5 (round to the nearest dollar)

Answers

Answer:

$42306

Explanation:

Depreciation expense using the double declining method = Depreciation factor x cost of the asset

Depreciation factor = 2 x (1/useful life) = 2/8

Depreciation expense in year 1 = 2/8 x 62,000 = 15500

Book value at the beginning of year 2 = 62,000 - 15500 = 46500

Depreciation expense in year 3 = 2/8 x 46500 = 11625

Book value at the beginning of year 3 =46500 - 11625 = 34,875

Depreciation expense in year 3 =34,875 x 2/8 = 8718.75

Book value at the beginning of year 4 = 34,875 - 8718.75 = 26156.25

Straight line depreciation expense = (book value of asset - Salvage value) / useful life

26156.25 - 10,000 / 5 = 16156.25 / 5 = 3231.25

Depreciation expense for the remaining 2 years =  3231.25 x 2 = 6462,50

total depreciation = sum of year 1 to 5 depreciation = 6462,50 + 15500 + 11625 + 8718.75 = $42306

Is marketing information as important to small firms as it is to larger firms? Explain.

Answers

Answer:

Yes, it is. --- in my opinion.

Explanation:

There are no right or wrong answers in questions like this, because the question seeks opinions. So, my solution will be based on my opinions.

Marketing information is important to all firms, irrespective of whether the firm operates on a large scale or a small scale.

This is so because one of the means through which firms compete amongst themselves is through the way they market their products and/or services. The way a firm markets their products and/or services may make or mar their presence in the industry. This is not peculiar to large firms alone. In fact, small firms need to put in extra efforts because they are just growing up, and they still have a lot of space to cover in the industry.

Also, when a firm gives high priority to marketing information, such firm is expected to have huge turnouts of sales. The higher the sales a firm makes, the increase the growth of such firm.

Hence, marketing information is important to all firms, irrespective of their size.

Marketing refers to the activities of the company that are aimed at undertaking to promote the business through the method of buying and selling.

Marketing includes the promotion of services and goods. So as to generate demand in the market and potential includes selecting the right audience. The selection of the terms of sale. Checking the price, discounts, and warranty which may include the decision-making capacity of the buyers.The large or the small firm tries to capture the wants and desires of the customers that have the potential to become an economic gain. Hence they are important for large and small business.

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Auditing standards require that auditors document Group of answer choices all conversations with management. results of the procedures performed to address the risk of management override of controls. specific risks of fraud identified at the financial statement level, but not at the assertion level. all of the above.

Answers

Answer:

results of the procedures performed to address the risk of management override of controls.

Explanation:

Internal controls can be defined as the policies, set of rules, and procedures implemented or put in place by an organization to protect its assets, boost efficiency, enhance financial accountability, enforce adherence to company policies and prevent fraudulent behaviors among the employees.

The purpose of internal controls is that companies use strong internal controls to guarantee that loss is eliminated as there's an accurate and reliable accounting system.

Basically, an internal control involves the timely use of both internal and external sources of auditing or financial reporting and as such enhance the maintenance of accurate and proper financial records which would also improve their operational efficiency.

An auditor refers to an authorized individual who review, examine and verify the authenticity and accuracy of business financial records or transactions.

Auditing standards require that auditors document results of the procedures performed to address the risk of management override of controls in accordance with the public company accounting oversight board (PCAOB).

What is the first step in the standard purchasing process practiced by most
companies?
A. Solicit bids
B. Requisition
C. Invoicing
D. Purchase order

Answers

Answer:

B. requisition

Explanation:

i have done this before, hope i helped

I think b
Hope its help for your questions

both dual enrollment and AP courses offer the following possibilities except that

Answers

AP gives you a higher grade point average. Although, Duel Enrollment just requires you to pass the class but AP requires the test to be taken and passed to count towards college education.

For years, the world used a small nation in Central America as a place to assemble goods and benefit from inexpensive labor. The nation decided to shift its base from simple assembly to a full-fledged manufacture of components and finished goods. It introduced a policy that stated 65 percent of the value of a product must be produced locally. This is an example of a(n)

Answers

Answer: Local Content Requirement

Explanation:

Local Content Requirements are the rules whereby a company must get a particular amount of the final value of a good from the domestic firms by buying from the local companies or sometimes through the manufacturing of the good locally.

The local content requirements is used by the government in order to protect and develop the domestic industries and ensure economic growth.

The full disclosure principle: Multiple Choice Prescribes that accounting information is based on actual cost. Provides guidance on when a company must recognize revenue. Prescribes that a company report the details behind financial statements that would impact users' decisions. Prescribes that a company record the expenses it incurred to generate the revenue reported. Means that accounting information reflects a presumption that the business will continue operating instead of being closed or sold.

Answers

Answer:

Prescribes that a company report the details behind financial statements that would impact users' decision

Explanation:

The Full Disclosure Principle refers that the information i.e. relevant and significant for understanding the financial statement of the company should be involved at the time of filing in the public company

Also it reports the information behind the financial statement that have an effect on the decision of the users

Therefore the above statement represent an answer

Consider an economy described by the combined Solow and Romer model. If this economy is on its balanced growth path when an exogenous permanent increase in the depreciation rate occurs: Group of answer choices the level of output per capita on the new balanced growth path will remain unchanged the growth rate of output per capita will remain unchanged there will be an immediate growth effect the economy will not exhibit transition dynamics

Answers

Answer:

there will be an immediate growth effect

Explanation:

In the case of Solow model, if there is an increase in the growth rate of population so it improves the growth of the aggregate output but at the smae time there is no impact on growth of per capita production in the long term

Also, the level of per capita output of steady rate should declines when the growth rate of population increased

Therefore the above statement should be the answer

A Nasdaq-listed stock currently shows an inside market of 15.50 - 15.75, 10 x 10. A broker-dealer that is not a market maker in the stock simultaneously receives orders from two customers, one to buy 500 shares of the stock at the market, the other to sell 500 shares at the market. Rather than send the orders to a market maker for execution, the broker-dealer matches the two orders with one another at 15.625, and charges each client a commission. This transaction is:

Answers

Answer:

cross trade

Explanation:

In simple words, A cross trade can be understood as a transaction  when purchase and sell requests for the identical instrument are balanced alone without transaction being recorded on the market. Whenever a stockbroker performs matching buy and sell transactions for about the exact securities across several customer accounts plus reports these on an interchange, this is known like a cross transaction.

In addition to the Small Business Job Protection Act of 1996 encouraging small businesses to allow employees to enroll into a 401(k), what percentage of vesting begins immediately for the employee

Answers

Answer:

100%

Explanation:

401(k) plans are financial provisions that guarantee financial security after retirement. Prior to the Small Business Job Protection Act of 1996, these provisions were bogus and difficult to understand/comply with by businesses. The Act simplifies the requirements and allows employees to enroll in the 401(k) plans where the annual contributions testing is bypassed. Employees vest 100% of their salary. This means that they cannot forfeit all the money contributed. After retirement, they can benefit from their deferrals and profits.

Drawbacks of using variable or full costing to set transfer prices include ______. Multiple select question. suboptimization that may occur as fixed costs per unit may push the transfer price above market price a lack of incentive to control costs because they are simply passed to another department a lack of cooperation between managers who are being pitted against each other a lack of departmental profit for the supplying department

Answers

Answer:

a lack of incentive to control costs because they are simply passed to another department

a lack of departmental profit for the supplying department

suboptimization that may occur as fixed costs per unit may push the transfer price above market price

Explanation:

The limitation that could come after using the variable or full costing in order to set the transfer price involved the lack of the incentive for controlling cost, lack of departmental profit and the supoptimization that could be arise when the fixed cost per unit force the transfer price i.e. over and above to the market price

Therefore the above statements should be considered

Classify the following exchanges as "Qualifying" or "Not Qualifying" as a like-kind exchange under § 1031. Qualifies / Not Qualifying a. Improved for unimproved real estate b. Rental house for personal residence c. Business land for rental house (held for investment) d. Warehouse for office building (both used for business) e. Truck for computer (both used in business) f. Rental house for land (both held for investment) g. Office furniture for office equipment (both used in business) h. Unimproved land in Jackson, Mississippi, for unimproved land in Toledo, Spain i. General partnership interest for a general partnership interest

Answers

Answer:

a. Improved for unimproved real estate

Classification: Qualifying

b. Rental house for personal residence

Classification: Not Qualifying

c. Business land for rental house (held for investment)

Classification: Qualifying

d. Warehouse for office building (both used for business)

Classification: Qualifying

e. Truck for computer (both used in business)

Classification: Not Qualifying

f. Rental house for land (both held for investment)

Classification: Qualifying

g. Office furniture for office equipment (both used in business)

Classification: Not Qualifying

h. Unimproved land in Jackson, Mississippi, for unimproved land in Toledo, Spain

Classification: Not Qualifying

i. General partnership interest for a general partnership interest

Classification: Not Qualifying

On January 1, 2010, Wayne's Waffle House purchased a freezer for $45,000. The freezer had an estimated useful life of 10 years and an estimated residual value of $3,000 at the time of purchase. Wayne spent $10,000 on January 1, 2012, to replace the freezer motor. This replacement increased the freezer's life by 5 years and the residual value by $2,000. Assuming that straight-line depreciation is used, what will be the depreciation expense for 2012

Answers

Answer:

$3200

Explanation:

Calculation to determine what will be the depreciation expense for 2012

Using this formula

2012 depreciation expense=Estimated residual value+(Residual value/Estimated useful life)

Let plug in the formula

2012 depreciation expense=$3,000+($2,000/10 years)

2012 depreciation expense=$3,000+$200

2012 depreciation expense=$3,200

Therefore what will be the depreciation expense for 2012 is $3,200

Carrington Company uses the allowance method for recording bad debts. On February 1, Carrington wrote off a $3,500 customer account balance when it became clear that the particular customer would never pay. On May 29, Carrington unexpectedly received a check for $3,500 from the customer. On May 29, Carrington will: A. Debit Allowance for Doubtful Accounts and credit Accounts Receivable for $3,500; debit Cash and credit Bad Debt Expense for $3,500. B. Debit Allowance for Doubtful Accounts and credit Bad Debt Expense for $3,500; debit Cash and credit Accounts Receivable for $3,500. C. Debit Accounts Receivable and credit Allowance for Doubtful Accounts for $3,500; debit Cash and credit Accounts Receivable for $3,500. D. Debit Cash and credit Bad Debt Expense for $3,500; debit Accounts Receivable and credit Allowance for Doubtful Accounts for $3,500.

Answers

Answer:

C. Debit Accounts Receivable and credit Allowance for Doubtful Accounts for $3,500; debit Cash and credit Accounts Receivable for $3,500.

Explanation:

The journal entry is given below:

Account receivable Dr $3,500

       To allowance for doubtful debts $3,500

(being the account receivable is recorded)

Here account receivable is debited as it increased the assets and credited the allowance as it decreased the assets

Cash dr $3,500

   To account receivable $3,500

(being collection is recorded)

Here cash is debited as it increased the assets and credited the account receivable as it decreased the assets

Es el costo identificado plenamente en el segmento de producción, puede estar asociado a productos o servicios procesados o ejecutados y se transfieren directamente al producto final.

Answers

Answer:

Costos directos

Explanation:

El costo directo es aquel en el que se incurre durante la producción de bienes terminados y este costo está directamente asociado con los bienes fabricados. Este costo se agrega al valor de los productos finales terminados y luego se agregan otros costos indirectos y costos fijos a los productos terminados según la tasa de absorción.

Other Questions
Picture with the question is posted hear this rapI cant be a bucket for the knicksi know acouple bloods but i know a lot of crips1 vvs the necklace with the ocean make me sickGot puma on my body got me feeling like im nipVerse 2I cant be a center for the heat And when it hit the summer time i might jus get the jeepI hit em wit the step back once we play im too eliteIm steping on they necks them getting mad because im screech A bank loan has been given to a customer at a bank with a FIXED nominal interest rate of 13%. The realinterest rate for the bank's profit margin is 10%.The next year, unanticipated INFLATION has increased another 7%.The new real interest rate isand thewas hurt.O 3%; lenderO 15%; lenderO 8%; borrowerO 3%; borrowerO 5%; lenderO 8%; lender What can be used to store data, plant viruses, or steal data? Croft Corporation has a target capital structure of 70 percent common stock and 30 percent debt. Its cost of equity is 16 percent, and the cost of debt is 8 percent. The relevant tax rate is 24 percent. What is the company's WACC An unknown number becomes 30 when rounded to the nearest ten. Which could NOT be the unknown number? A. 24 B. 25 C. 28 D. 31 18. If, as Mr Fox says, the repair turned out to be so complicated, they___ much earlier. But nobody expected it would be so time-consuming. A. should start B. must have started C. might start D. ought to have started 19. If, indeed, you_____ a police agent who was following you on the train, the situation may soon become very serious. A. had seen B. saw C. have seen D. see 20. I know how much you dislike him, but when you meet him you should behave as if you ___ to your best friendA. had been takingB. would talkC. were talkingD. talk21. A model which___ all these requirements would cost at least a thousand pounds more, which means it would be too expensive for us anywayA. would meetB. will meetC. meetsD. will have met22. You are a smoker yourself, Mr Parker. How did you find out someone ____in your study?A. had to be smokingB. was smokingC. has been smokingD. had been smoking The word "authority" in the second paragraph means Bill's father is three times Bill's age. Three years ago, Bill's father was four times Bill's age.By forming two equations, find Bill's age now. discribe two ways you can zoom in and out from an image Companies can get extra funds by selling shares here 02:Posttest 2: Fractions6.Order the numbers from least to greatest.63113380 5 2035 cuantas personas haban en la habitacin? del poema el cuervo Edgar Allan Poe Given the preimage and image, find the dilation scale factor HELP PLS ! ! !What is |1 8i|?A) -65B) 65C) 65D) 13 A student of mass 50kg takes 15seconds to run up a flight of 50 steps. If each step is 20cm, calculate the potential energy of the student at the maximum height What kind of question would an ancient myth try to answer?How are the moon and the tides connected?What minerals cover the surface of the moon?Which phase of the moon is most beautiful?Why does the moon get smaller and disappear? A line passes through the point (-3, -3) and has a slope of 1/2 What is the equation of the line? hi, please help me.solution. Each day past the winter solstice the noon sun is a little higher above the southern horizon. a. Determining how much change takes place each day at your latitude. solution.b. Does the amount of change take place at each latitude in the Northern Hemisphere? Explain.