When the owner took goods from the business for personal use we record it in
A. Sales journal
B. Purchase journal
C. General journal
D. Cash book ​

Answers

Answer 1

Answer:

C. General journal

Explanation:

As it relates both business and personal accounts, we record it in the general journal.

Answer 2
C. General journal

The general journal refers to a book of original entries, in which accountants and bookkeepers record raw business transactions, in order according to the date events occur.

Related Questions

If there are many buyers and sellers and products appear different due to altering the physical appearance, this is called _____.

A. a monopoly

B. perfect competition

C. monopolistic competition

D. an oligopoly

Answers

I think it’s D. An oligopoly

what are challenges you may face when starting a company today?

Answers

Answer:

1. The competition within my working place or area

2. Being not able to employ most people due to lack of income

3. Lack of productivity

5. Not able to make enough profit for my business to grow

Which of the following is not an advantage or disadvantage of shifting to robotics assisted camera assembly methods?

Answers

The cost of capital incurred in shifting to the assembly methods, which are assisted by robotic cameras.

What is the cost of capital?

The cost incurred with a view to earn such expected returns over a financial period is known as the cost of capital.

Hence, the cost of capital is neither advantageous nor disadvantageous in shifting to the robotics assisted assembly methods of cameras.

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What are the other names commonly used for the balance sheet and income statements?
Thanks ~​

Answers

Answer:

statement of financial position

Explanation:

I need help on this please…

6) George wants to start saving more money. What is a good first step for him to follow?

A) Identify and cut all essential expenses.

B) Start putting 15% of his income into savings.

C) Reduce spending on all expenses.

D) Track his expenses for one month.

Answers

Answer:

D: "Track his expenses for a month"

Explanation:

If he ends up tracking his expenses for a month he'll know what to spend his money on and what not to. (Need or Want)

6. Which of the following is not a service quality attribute?
O credence qualities
O search qualities
O experience qualities
O response qualities

Answers

Answer:

search qualities

Explanation:

this is the correct answer

Answer:

Response qualities

Explanation:

Response qualities are like when you draw on your ScanTron, or you put a silly answer on a survery.  Response qualities is a mechanism in place to kick out the wrong or unreadable answers, so it is not a attribute of a service.

What economic concept is applied in this statement?
By earning higher levels of education, students learn skills and are more likely to be employed. in their jobs, they use their skills to provide goodsa
and services to others.
OA
equilibrium
O B. law of demand
O c. law of supply
O D.
negative externality
O E. positive externalit

Answers

Answer:

positive externality

Explanation:

positive externality is defined as benefitting a third party, so education helps the student and then others which would be a 3rd party

Under this market structure, any changes made in price or promotion of products will lead to counter-moves by competition.

A. perfect competition

B. a monopoly

C. monopolistic competition

D. an oligopoly

Answers

That’s obviously a perfect competition
A

what tactics did honest tea leaders most likely use to overcome that resistance

Answers

In contrast to almost any other business that is acceptable by consumers, Honest Tea technology has lowered the sugar ingredient in its beverages by taking into account consumer tastes. Traditional retail structures are being phased out or updated.

Summer cooling drinks made from juice blends with no added sugar were also introduced.

What is the definition of disruptive innovation?

Disruptive innovation is defined as an innovation that creates a new market and stimulates attention by the positioning of a predecessor or its web. It replaces the previous market with a future or modern market, as well as their alliances.

To meet its mission of delivering healthy food options, the Honest Tea group has introduced dynamic capability services.

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A _____ is limited to a select group of suppliers who provide critical high value items to the firm.

Answers

Answer:

The answer is partnered supplier

Explanation:

A partnered supplier is limited to a select group of suppliers who provide critical high value items to the firm.

What's the difference between 1 worker trying to get something vs many workers.​

Answers

Answer:

You don’t have to share the money.

Explanation:

I’m sorry if I’m wrong this is just my opinion but I think it’s a pretty good one i only ask someone if they want something once if they say maybe later I just take it.

What Administrative mistake have you made in the past, and what did you learn from it? Explain in detail, state if more than one.

Answers

Answer:I work at Asana, and recently our team—like many teams around the world—moved to remote work. So I’ve experienced first-hand how Asana can help remote teams manage their projects, align on their tasks, and gain clarity on their work.

With Asana, you can coordinate work across multiple teams and projects. Because Asana brings together your plans, projects, tasks, and communications in one shared space, everyone stays up to date and nothing slips through the cracks. It’s easy to see how work is progressing and who is doing what by when – all without email and status meetings.

The main way to coordinate work is with projects. Projects are how you organize and plan all of the tasks related to a specific initiative, goal, or big piece of work. You can view a project in:

Explanation:

Prepare a trial balance from the following list of balances.

Answers

Answer:

See below ~

Explanation:

Filled in the attachment.

1. What is a product description?​

Answers

Answer:

its where you can see the qualities of the product like a label

The owners of all the Chrysler auto dealerships in a large metropolitan area have an informal meeting during a golf outing. During the meeting, they agree to limit
their orders of a new model of automobile that has received excellent reviews from the trade press for its styling and handling characteristics. Restricting orders will
permit the dealers to sell these models at a price that will be at or above the manufacturer's
suggested retail price for the vehicle. As a result, the dealers will make
more profit on each vehicle sold, due to the high demand for the new model. This type of agreement would be viewed by the courts as

Multiple Choice

horizontal collusion that is illegal

horizontal collusion that is legal.

vertical collusion that is legal

vertical collusion that is illegal

an exclusive distribution arrangement that is legal

help please


Answers

Answer:

the second one is it

Explanation:

i think

explain the Two methods can be used to determine the critical path of a schedule

Answers

Answer:

-The two pass method

-The enumeration method

Blossom Corporation’s balance sheet at the end of 2019 included the following items.

Current assets (Cash $82,000) $236,770 Current liabilities $151,770
Land 31,770 Bonds payable 101,770
Buildings 121,770 Common stock 181,770
Equipment 91,770 Retained earnings 45,770
Accum. depr.-buildings (31,770 ) Total $481,080
Accum. depr.-equipment (11,000 )
Patents 41,770
Total $481,080

The following information is available for 2020.

1. Net income was $55,870.
2. Equipment (cost $21,770 and accumulated depreciation $9,770) was sold for $11,770.
3. Depreciation expense was $5,770 on the building and $10,770 on equipment.
4. Patent amortization was $2,500.
5. Current assets other than cash increased by $29,000. Current liabilities increased by $14,770.
6. An addition to the building was completed at a cost of $28,770.
7. A long-term investment in stock was purchased for $16,000.
8. Bonds payable of $51,770 were issued.
9. Cash dividends of $30,000 were declared and paid.
10. Treasury stock was purchased at a cost of $11,000.

Prepare a statement of cash flows for 2020. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Prepare a balance sheet at December 31, 2020. (Show only totals for current assets and current liabilities.) (List Property, Plant and Equipment in order of Land, Building and Equipment.)

Thanks in advance!

Answers

The preparation of a statement of cash flows and balance sheet for 2020 for Blossom Corporation is as follows:

1. BlossomCorporation Corporation

Statement of Cash Flows

For the year ended December 31, 2020

Operating Activities:

Net Income                          $55,870

Add Non-Cash Expense:

Loss from sale of equipment     230

Depreciation Expenses         16,540

Amortization Expense            2,500

Adjusted cash                      $75,140

Changes in working capital:

Increase in current assets  (29,000)

Increase in current liabilities 14,770

Cash from operations        $60,910

Investment Activities:

Sale of equipment             $11,770

Building cost                     (28,770)

Investment in stock          (16,000)

Cash from investments ($33,000)

Financing Activities:

Bonds payable                $51,770

Dividends payment        (30,000)

Treasury stock                 (11,000)

Cash from financing       $10,770

Net cash flow               $38,680

2. Blossom Corporation

Balance Sheet at the end of 2020

Current assets                   $304,450

Land                                       $31,770

Buildigs                               $150,540

Equipment                           $70,000

Accum. depr.-buildings      ($37,540)

Accum. depr.-equipment   ($12,000)

Long-term stock investment 16,000

Patents                                    41,770

Amortization of Patents        (2,500)

Total assets                      $562,490

Current liabilities               $166,540

Bonds payable                  $153,540

Common stock                  $170,770

Retained earnings              $71,640

Total liabilities + Equity  $562,490

What are Statements of Cash Flows and Balance Sheets?

Statements of cash flows and balance sheets are two of the main financial statements prepared periodically by an entity.

The statement of cash flows shows the cash flows from operating, investing, and financial activities.

The balance sheet shows the financial position (assets, liabilities, and equity) of an entity at a point.

Data and Calculations:

Blossom Corporation

Balance Sheet at the end of 2019

Current assets

(Cash $82,000)                  $236,770    Current liabilities              $151,770

Land                                          31,770    Bonds payable                  101,770

Buildings                                 121,770    Common stock                  181,770

Equipment                               91,770     Retained earnings            45,770

Accum. depr.-buildings         (31,770 )   Total                              $481,080

Accum. depr.-equipment      (11,000 )

Patents                                   41,770

Total                                  $481,080

Ending Cash balance = $120,680 ($82,000 + 38,680)

Current assets = $304,450 (236,770 + $29,000 + $38,680)

Land = $31,770

Buildigs = $150,540 ($121,770 + $28,770)

Equipment = $70,000 ($91,770 - $21,770)

Accum. depr.-buildings = $37,540 (31,770 + 5,770)

Accum. depr.-equipment = $12,000 (11,000 - 9,770 + 10,770)

Long-term stock investment 16,000

Patents                              41,770

Amortization of Patents  (2,500)

Current liabilities              $166,540 (151,770 + 14,770)

Bonds payable                  $153,540 (101,770 + 51,770)

Common stock                  $170,770 (181,770 - 11,000)

Retained earnings            $71,640 (45,770 + $55,870 - 30,000)

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A movement along the demand curve for a good generally results from

Answers

Answer:

business environmental

need to get all the business sector's

Compute cost of goods sold using the following information.


Finished goods inventory, beginning $ 600
Cost of goods manufactured 5,520
Finished goods inventory, ending 1,500

Answers

1500 that’s what I was thinking of

what is primary socialization​

Answers

Answer:

Primary socialization occurs early in a child's life and is primarily due to the influence of family and close friends. Through primary socialization, a child learns basic societal norms and customs. Toilet training is an example of primary socialization.

Explanation:

Khalil works in the gig economy, making deliveries for local stores and restaurants. He's trying to save money so he can go back to college next semester. However, his car stopped working and needs a few repairs. What should Khalil do?

A) Split the money between car repairs + saving for college
B) Make sure that his car is repaired first
C) Put all his money towards college fund so that he can reach his goal sooner
D) Start a savings account where he can put money away for car repairs

Answers

Khalil must split the money between car repairs and college savings.

What is a personal budget?

It is a technique of planning and organizing the financial expenses of a period, which helps an individual to identify their biggest expenses and have greater control over them.

Therefore, it is essential that Khalil plans his personal budget to better allocate financial resources to his needs and goals.

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6) Which of the following shifts the investment curve downward?
a) An increase in national income.
b) An increase in the rate of inflation.
c) An increase in capital gains taxes.
d) None of the above.

Answers

None of the given option leads to the shifts of the investment curve downward.

What is the investment demand curve?

This is a curve that show the amount of money that is spent on investments each year at each interest rate.

The investment demand curve shift downward because of wealth effect on consumption, the interest rate effect on investment and international trade effect on net exports.

Therefore, the Option D is correct.

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If a business has a negative cash flow, the revenue must be _____ operating expenses.

Answers

Answer :

Less than

(If a business has a negative cash flow, the revenue must be less than operating expenses.)

In the formula I=P•r•t, what does r stand for

Answers

Answer:

In the formula I=P•r•t, the r stands for rate.

(PLEASE ANSWER FAST) (15 POINTS)
Clubs, organizations, and CTSOs can help you narrow down what you want to do with the rest of your life.

A. True
B. False
(CAREER)

Answers

The given assertion about the role of clubs, organizations, and CTSOs to help narrow down a career choice is true.

What is a CTSO?

This refers to an acronym that means Career and Technical Student Organizations and they help students to pick a career choice.

Hence, we can see that because of the various importance of both clubs, organizations, and CTSOs, they can help to give real-life solutions and also helps them to develop problem-solving skills.

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Which of the is not one of the risks of starting a new business

Answers

Answer: There are five kinds of risk that entrepreneurs take as they begin starting their business. Those risks are: founder risk, product risk, market risk, competition risk, and sales execution risk.

Explanation:

Calvin Johnson has a ​$ debt balance on his Visa card that charges percent APR compounded monthly. In​ 2009, Calvin's minimum monthly payment is percent of his debt​ balance, which is ​$. How many months​ (round up) will it take Calvin Johnson to pay off his credit card if he pays the current minimum payment of at the end of each​ month? In​ 2010, as the result of a federal​ mandate, the minimum monthly payment on credit cards rose to percent. If Calvin made monthly payments of ​$ at the end of each​ month, how long would it take to pay off his credit​ card?
Question content area bottom
Part 1
a. If Calvin made monthly payments of ​$ at the end of each​ month, how long would it take to pay off his credit​ card?

enter your response here months ​(Round up to the nearest​ unit.)

Answers

It would take him 2.5 years to pay off his credit​ card.

Using financial calculator

I/Y=12.9%/12

PV=5000

PMT=-150

FV=0

CPT N=41.49459395

What is a credit card?

A credit card is a thin rectangular piece of plastic or metal issued by a bank or financial services company, that allows cardholders to borrow funds with which to pay for goods and services with merchants that accept cards for payment.

Credit cards impose the condition that cardholders pay back the borrowed money, plus any applicable interest, as well as any additional agreed-upon charges, either in full by the billing date or over time.

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Communication exchanges are viewed through an individual's , which influences how the communication is interpreted.

Answers

human communication- a process in which people generate meaning through the exchange of verbal and nonverbal messages

value of being an agile manufacturer?

Answers

Value of being an agile manufacturer are:

flexibilityRapid iterationAugmentationBottom-up innovation.

Who is a manufacturer?

manufacturer can be regarded as the producer of a good or services which is the first person in distribution channel.

Therefore, as an agile manufacturer, one will have Rapid iteration and Augmentation.

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What is the equilibrium price

Answers

The equilibrium price refers to the cost of goods and services for the consumer where the forces of market supply are equal to the forces of market demand.

What do you mean by Price?

A price refers to the money that needs to be paid for acquiring a particular good, product, or service.

When the supply of goods and services is equal to the demand of goods and services, it is known as an equilibrium price.

The market is in a state of equilibrium when the forces of supply and demand are equal.

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