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poizon [28]
2 years ago
9

Lupe's recorded balance was off by $43, and she thinks that it’s because she made a mistake in her records. What mistakes did sh

e make? Give your answer in the form of one or two complete sentences.

Business
2 answers:
nataly862011 [7]2 years ago
4 0

Answer:

In the wrong column, Lupe recorded her paycheck. She had forgotten to report one of her purchases too.

Explanation:

As we can see in the picture that Lupe recorded her paycheck in the wrong column.

Moreover, She had forgotten to report one of her purchases too.

By this mistake, Lupe recorded balance was off by  $43 and she thinks the same that she made a mistake while recording the transactions with respect to purchasing, deposits, paycheck, etc

Nat2105 [25]2 years ago
3 0

Answer:

For one Lupe put one of her paycheck in the Deposit. She also forgot to record a transaction.

Explanation:

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Shannon Corp. uses the aging method to account for bad debt expense. Shannon determines that a customer account of $10,000 shoul
lozanna [386]

Answer:

The write off of the account should include a debit to the allowance for uncollectible accounts, and a credit for bad debt expense:

Account                                             Debit              Credit

Bad Debt Expense                                                  $10,000

Allowance for Uncollectible

Accounts                                          $10,000

This is because under the aging method, when an account is actually written-off, it must be charged against the bad debt expense that was forecasted or anticipated earlier.

6 0
2 years ago
On January 1, 2017, a subsidiary sold equipment to its parent for $520,000. The subsidiary's original cost was $200,000 and as o
Mnenie [13.5K]

Answer:

C. $340,000

Explanation:

Compute the Subsidiary's Unrealized Profit

This will help to determine, this will help us get the amount by which the Equipment Account will be reduced.

First, we calculate the Unrealized profit made on selling of the equipment

The equipment was sold for $520,000

The original cost to the Subsidiary was $200,000.

Furthermore, the Accumulated Depreicaiton of the Asset = $20,000

The Net Book Value of the Equipment = Cost - Accumulated Depreciation

The Net Book Value = $200,000 - $20,000 = $180,000

The Profit on Sale of the Equipment

= Sales Value - The Net Book Value

= $520,000 - $180,000 = $340,000

7 0
2 years ago
The home electronic store conducts a similar conjoint analysis in another country, where customer preferences are different. In
pochemuha

Answer:

The quality offering.

Explanation:

Conjoint analysis is measure to analyse preference by respondents. The customer preference are different based on their geographical locations. If the home electronics store conducts an analysis and introduces quality offering instead of size offering, will result in maximizing its revenue. Segment A and segment B customers will choose quality offerings and will pay $2,000 for the purchase. This will be 50% of potential customers who will choose home electronics.

8 0
2 years ago
A small college employs two economists. Rob has been employed by the college for 15 years and Bill has been employed for one yea
Korvikt [17]

Answer:

E. efficiency wages

Explanation:

Clearly this isn't a discrimination case, as Rob has a robust background with the company (15 years). Although their work output may be the same, Rob's experience justifies the higher pay.

This is one form of efficiency wage theory, holding that higher wages lead to increased employee productivity. This way, Rob gets an incentive for staying with the company.

5 0
2 years ago
During its first month of operations in March, Volz Cleaning, Inc., completed six transactions with the dollar effects indicated
Alekssandra [29.7K]

Answer and Explanation:

The Preparation of classified balance sheet for Volz Cleaning, Inc., at the end of March is shown below:-

Assets

Current Assets:

Cash                                          $27,000

($45,000 - $8,000 - $2,000 - $7,000 + $3,000 - $4,000)

Investment (short term)             $4,000

($7,000 - $3,000)

Notes receivables                     $2,000

Total Current Assets                 $33,000

Long Term Non Current Assets:

Computer equipment                  $4,000

Delivery Truck                              $35,000

Total long term                            $39,000

Total assets                                   $72,000

Liabilities

Liabilities

Notes payable                           $27,000

Total liabilities                            $27,000

Stockholder equity

Common Stock                        $6,000

Additional Paid in Capital $39,000

Total Stockholder's equity  $45,000

Total Liabilities & Stockholder's

equity                                         $72,000

6 0
2 years ago
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