Answer:
Part a : If JumpStart paid cash
Office Supplies $870 (debit)
Cash $870 (credit)
Part b : If JumpStart placed it on account
Office Supplies $870 (debit)
Account Payable $870 (credit)
Part c : If JumpStart pays the amount due
Account Payable $870 (debit)
Cash $870 (credit)
Explanation:
Part a : If JumpStart paid cash
Recognise an expense for Office Supplies and reduce the assets of cash to reflect outflow of economic benefits in form of cash
Part b : If JumpStart placed it on account
Recognize an expense for Office Supplies and also recognise a Liability - Accounts Payable to reflect a present obligation created by JumpStart to its Supplier
Part c : If JumpStart pays the amount due
Derecognise the Liability - Accounts receivable since the liability has been settled and reduce the assets of cash to reflect outflow of economic benefits in form of cash due to settlement of Account
Answer:
A. 27,000
B. 77,000
Explanation:
What is Reggie's accounting profit?
REVENUE - EXPENSES AND DEPRECIATION
90000-18000-6000-3000=63000
What is Reggie's economic profit?
REVENUE - EXPENSES AND DEPRECIATION - IMPLICIT COSTS
90000-18000-60000-3000-76000 = -13000
1) accounting profit = TR - explicit cost
= 90,000 - 63,000
= 27,000,
2) economic profit = TR - economic cost
= 90,000-(13,000)
= 77,000
Answer and Explanation:
$102100 is the foreign earned income exclusion limit for 2017 , therefore Helen who is a U.S. citizen can exclude $102100 from gross income in the U.S.
Answer: Have them work on their own and only meet with the rest of the team when absolutely necessary.
Explanation:
From the question, we are informed that Sara and Juan, are having difficulty cooperating with one another even though their individual assignments are highly related.
To improve their cooperation, the best thing to do is to have them work on their own and only meet with the rest of the team when absolutely necessary.
Answer: The stage of communication is MESSAGE DECODING.
Explanation: Decoding of a message involves interpreting and understanding a message. It is the process of converting a message sent into thoughts.
A message is first received by a receiver who then begins to interpret it. The receiver translates the message into meaningful symbols that is easily understood by him. When you decode a message, you get the meaning out of a conversation or message. As such, a message can be said to be completely decoding when then is successful communication.
