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atroni [7]
1 year ago
7

Skysong, Inc. returned $140 of goods originally purchased on credit from Concord Industries. Using the periodic Inventory approa

ch, Skysong would record this transaction as:_____.
Accounts Payable 190
Sales Returns and Allowances 190
Sales Returns and Allowances 190
Accounts Receivable 190
Inventory 190
Accounts Receivable 190
Accounts Receivable 190
Sales Returns and Allowances 190
Business
1 answer:
lara31 [8.8K]1 year ago
6 0

Answer:

Sales Returns and Allowances $140 and Accounts Receivable $140

Explanation:

When goods are returned, the sales revenue decreases through Sales Returns and Allowances which is an expense so it is debited and the goods sold on account so the Accounts Receivable which is an asset decreases so it is credited.

Date   Account Titles and Explanations    Debit   Credit

          Sales Returns and Allowances          $140

                 Accounts Receivable                                $140

           (To record sales returns)  

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Use the information below for Harding Company to answer the question that follow. Harding Company Accounts payable $ 40,000 Acco
gtnhenbr [62]

Answer:

$131,000

Explanation:

The computation of the amount of quick assets is shown below:

Quick asset = Account  Receivable + Cash + marketable securities

= $65,000 + $30,000 + $36,000

= $131,000

We simply added the account receivable, cash and the marketable securities so that the quick assets could come plus it contains more liquidity that converted into cash in a very short period of time and the rest of the items are ignored as there are not relevant

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Explain how the boss at the company in the following scenario could have delegated the tasks more appropriately : Samuel and Mar
OverLord2011 [107]

Answer:

Should have had Martha negotiate the logistics of the financial deal then have Samuel come up with the strategy plan

Explanation:

Samuel is quality control so he would know how to come up with a plan to best fit customer and company need assuring that both parties get the most out of the exchange and or business agreement

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1 year ago
Sal and Jen went to the store together, and each bought the same car stereo. Sal used a card to make the purchase, and the full
Dvinal [7]
Given that <span>Sal and Jen went to the store together, and each bought the same car stereo. Sal used a card to make the purchase, and the full amount was immediately withdrawn from his bank account. Jen used a card to make the purchase, and she received a bill within 15 days of the purchase. She paid $21.30 for the next 18 months until the bill was paid in full. The full payment included $58.60 in interest.

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9 0
2 years ago
Read 2 more answers
Which answer best fills in the blank in this sentence?
Levart [38]

Answer:

Less

Explanation:

The answer is Less.

7 0
1 year ago
Match each situation with the most appropriate process-based motivation theory that you would apply to it as a manager.
Anuta_ua [19.1K]

Answer:

  • D (Mia realized that Jason was being overpaid) relates to Equity Theory.
  • B (Offering range of rewards) relates to Expectancy Theory.
  • A (Identifying causes of dissatisfaction) relates to Two Factor Theory.
  • C (Offering trips) relates to The Porter-Lawler Model.

Explanation:

Equity Theory: Equity theory says that employees are motivated by the amount of fair treatment they are getting in the company.

For example: A employee would be satisfied, if he is paid equal to the other employee, but will be dissatisfied if the other is overpaid despite the fact that both have the same position and qualification.

Expectancy Theory: It suggests that employees are motivated by the value of the rewards, the more the value will the more they will be motivated to work.

For example: Employee knows the worth of their own effort, and the reward they will get against those efforts should be worth it.

Two Factor Theory: Suggested by Hezberg, there are factors of satisfaction and dissatisfaction, he categorized them as, <em>Hygiene factors and Motivation factors. </em>So, it's necessary to identify them and fix them.

The porter - Lawler Model: It suggests that the motivation is caused by rewards.

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8 0
1 year ago
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