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cluponka [151]
2 years ago
14

The chart of accounts for the Corning Company includes the following: Account Name Account Number Cash 11 Accounts Receivable 13

Prepaid Insurance 15 Accounts Payable 21 Unearned Revenue 24 Common Stock 31 Dividends 32 Fees Earned 41 Salaries Expense 54 Rent Expense 56 Page 3 of the journal contains the following entry: Description Post. Ref. Debit Credit Prepaid Insurance 1,530 Cash 1,530 What is the posting reference that will be found in the prepaid insurance account? a.15 b.3 c.13 d.11
Business
1 answer:
jeka942 years ago
8 0

Answer:

a.15

Explanation:

Posting reference in an accounting entry relates to the account number reference, as there are multiple entries there are chances that wrong account might be debited or credited, as for this referring to account number reduces the probability of wrong account debited or credited.

As in the given instance,

Prepaid Insurance Account is debited as against cash, in front of Prepaid Insurance account the posting reference will be account number of Prepaid Insurance, that is: 15

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SashulF [63]

Answer:

the 1st on is false and the second is true

3 0
2 years ago
The CEO of Tough Mudder believes that teams in his company are not working as effectively as they could, and he is asking you fo
cupoosta [38]

Answer:

A) Speak about everyone on the team as though they are the same to help team members feel they are being treated equally.

Explanation:

CEO Tough Muddler should:

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6 0
2 years ago
2. What type of market is Huy Fong targeting with its sriracha sauce?
Luda [366]

Answers with Explanations:

1. What type of market is Huy Fong targeting with its Sriracha sauce?

"Huy Fong's Food Inc." is a company that sells <em>Sriracha sauce</em> made in California. It has also partnered with several companies in order to provide variety of products based on its official flavor.

Since Huy Fong is <u>open to competition with other rivals</u>, it is clear that the company is using the "monopolistic competition" <u>type of market.</u> Hung Fung is not the only company that sells sriracha sauce, other companies like <em>Heinz</em> and <em>Tabasco</em> are also selling the same sauce.

However, it has been branded as the most authentic and original of all. Such <u>uniqueness of the Huy Fung Sriracha sauce</u> makes it<em> stand out from the rest</em>. In this aspect, the company is <em>monopolizing the competition.</em>

2. Of the four categories of segmentation variables, which is most important to Huy Fong's segmentation strategy, and why?

Of the four categories of segmentation variables, "demographic" is the most important to Huy Fung's segmentation strategy. The company's target market are men and women who belong to the<u> age range of 20-30 in the United States.</u>

This is the<em> specific population</em> that the company is focusing on. These people are considered to be<em> budgeting their money</em> and in that sense, they'd be able to afford the sriracha sauce.

4 0
2 years ago
Changes in variables, such as income, cost of living, interest rates, and savings and borrowing patterns most likely reflect cha
Effectus [21]

Answer:

A. economic

Explanation:

Economic environment -

It consists of all the economic factors that can affect the economic market , consumers behavior , is referred to as the economic environment .

These factor are capable to alter any business .

Any changes in the monetary value , like cash , income , savings and interest rate can alter the economic environment as well .

Hence , from the given information of the question,

The correct option is A. economic environment .

3 0
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Aleks04 [339]
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Disruptive innovation refers to the type of innovation that potentially eliminate existing similar product in the market, and product change is an additional adjustment that made toward a similar product that already exists int he market.</span>
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