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Flura [38]
2 years ago
12

Alex invested $30,000 in cash in his business. How will this entry be posted in the ledger accounts? (You may select more than o

ne answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
Business
1 answer:
Wittaler [7]2 years ago
3 0

Answer:

1) The $30,000 will be posted to the debit side of the Cash account.

2) The $30,000 will be posted to the credit side of the Common Stock account.

Explanation:

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Pleasantville maintains an appropriations ledger for police department supplies. The amount appropriated for supplies was $100,0
satela [25.4K]

Answer:

Appropriation available for spending = 37000

Explanation:

In the appropriations ledger, the amount available for spending at any moment is the total appropriation minus expenditures plus outstanding encumbrances.

100000 - 35000 - 28000 =  37000

3 0
2 years ago
Explain the impact of effective purchasing on an operation’s cash flow.
Paraphin [41]

Answer:

Thus, effective purchasing Implies buying the right items needed for operations at the right/fair price so as to reduce the total cost of operations, which invariably leads to more Profit since there's reductions in costs.

8 0
1 year ago
Interaction jobs are those jobs which: A. require intense levels of interaction with clients. B. require close coordination and
Andrei [34K]

Answer: Require close coordination and collaboration.

Explanation:

Interaction jobs are jobs that requires an employee to constantly interact with customers to listen to their complaints/challenges faced as regards a company's product and seeking for means of solution to the complaints/challenges. Interaction jobs needs an employee to constantly work with consumers of a company's product.

3 0
2 years ago
Abbit Co uses LIFO for it's inventory valuation. Given the historical cost of product Z is $60, the selling price of product Z i
Tom [10]

Answer:

$41

Explanation:

The last-in, first-out inventory valuation method establishes that the inventory will be valued at the same price as the last units purchased or produced. This system considers that the last units that enter our merchandise inventory are the first ones to be sold.

In Abbit's case, the last units to enter their inventory cost $41 per unit (replacement cost). SO if we use the LIFO system then we will use the $41 per unit cost.

8 0
2 years ago
Whenever there is an errand to run around lunchtime, Abdul always volunteers. His boss thinks this is because Abdul is a highly
Shtirlitz [24]

Answer:

Fundamental attribution error.

Explanation:

Fundamental attribution error refers to people's cognitive prejudiced in assuming that the behavior of an individual relies on what kind of person he is instead of on the social and environmental variables that determine that person. It refers to the tendency to describe the conduct of someone based on internal factors, such as personality and to underestimate the impact external factors, such as situational factors, have on actions of the person concerned. As per the question, underestimating the environmental factors to explain Abdul's behavior reflects the fundamental attribution error of his boss.

6 0
2 years ago
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