Journalize the following sales transactions for Luna's Boutique. Explanations are not required. The company estimates sales retums at the end of each month. (Assume the company uses a perpetual inventory system and records sales at the net amount) (Click the icon to view the transactions.) Journalize the sales transactions. Explanations are not required. (Record debits first, then credits, Exclude explanations from journal entries.) Mar. 3. Luna sold $62,000 of women's clothes on account, credit terms aro 3/10, 1/30, to Marcia's Dresses Cost of goods is $30,000, Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step Debit Credit Mar 3 Accounts Receivable-Marcia's Dresses 62000 Sales Revenue Date Accounts 62000 Now joumalize the expense related to the March 3 sale Cost of goods, $30,000 Credit Date Debit 30000 Mar. 3 Accounts Cost of Goods Sold Merchandise Inventory 30000 Mar. 7: Luna granted a sales allowance of $400 for the clothes sold on March 3, Marcia's Dresses did not return the inventory Debit Credit Date Accounts Estimated Returns Inventory 400 Mar. 7 Alev Х More info Mar. 3 Luna sold $62,000 of women's clothes on account, credit terms are 3/10, n/30, to Marcia's Dresses. Cost of goods is $30,000. Mar. 7 Luna granted a sales allowance of $400 for the clothes sold on March 3. Maria's Dresses did not return the inventory. Mar. 10 Luna receives payment from Marcia's Dresses on the amount due, less sales allowance and discount" Print Done

Explanation:

A product life cycle refers to the life of a product in the market, and the processes that it goes through in relation to the business costs, as well as the sales measures. The business life cycle is the progression of a business in phases over time and is most commonly divided into five stages: launch, growth, shake-out, maturity, and decline. One major similarity between the product and project life cycles is that both are comprised of different and several phases or stages. These phases are very vital because they ensure that the requirements of the cycles are provided for and that both the goals and the objectives of the cycles are achieved. For instance, while some of the phases of the product cycle include the growth and maturation stages, those of the project life cycle include the birth and closure phases. The aim of integrating the phases in the life cycles is to ensure that there is proper coordination of the activities that take place in the cycles. The two cycles are closely related to each other. In some cases, a product may consist of more than one project, where the projects act as the subset of the product. This makes it necessary for the bigger product view to be put into consideration when it comes to project management. The product and project life cycles face various challenges which demand the adoption of strategies in the cycle phases, with the aim of ensuring that the cycles give the desired results.

Answer:

Three reason why GM build cars in China:

China has lower labor costs. This is the main reason, a Chinese worker earns a lot less than an American worker, and this results in a substantial cost reduction for GM.

China has important economies of scale. The United States also has important economies of scale, but China may have the edge in some economic sectors.

Finally, the third reason is that China has very good infrastructure like trains, roads, and ports, and this facilitates the logistics for GM.

If the president wants GM to move production back in the US, GM could demand better infrastructure (labor costs cannot be lowered, and the economies of scale are already there), and perhaps other complementary incentives like corporate tax reductions, or even subsidies.

The component that is NOT one of the three components of the Toyota Production System is "six sigma." The three components of the Toyota Production System are:

Continuous improvement (also known as Kaizen): This refers to the ongoing effort to improve processes and eliminate waste in order to increase efficiency and quality.

Standard work practice: This involves developing and following standardized work procedures in order to ensure consistency, quality, and safety.

Respect for people: This component emphasizes the importance of treating employees and partners with respect and dignity, and creating a supportive work environment that encourages creativity, learning, and personal growth.

While Six Sigma is a widely used quality management methodology, it is not one of the three components of the Toyota Production System. Six Sigma focuses on minimizing defects and reducing variability in processes, with the ultimate goal of improving quality and customer satisfaction.

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Answer:

The answer is below

Explanation:

There are various potential difficulties one might encounter when doing business in the Chinese market. Some of which are:

1. Intellectual property issue: this is an area of business that is known to be one of the big issues in China. It is reported that a lot of inventors have problems in protecting their inventions, as many other competitors can just pick the invention idea and build on it without sanctions.

2. Governmental challenges: there is a huge issue of lack of transparency and corruption in China, most especially against foreign business owners.

3. Market Access: because of the diverse and big difference in consumers' consumption habits and distribution operations in China compared to other countries, most especially non-Indochina countries, will make the market access difficult for foreign business.

4. Consumer preference: consumers' preference in China is reported to be different and distinct compared to what is obtained outside China. Hence, foreign business owners will find it challenging to cope.

5. Bureaucracy: to obtain necessary licenses and permits in china requires going through a long process, which may even be more delayed to foreign business owners.

Scarlatti invested $1,000 two years ago at a 6 percent interest rate. In the first year, he earned $60 in interest, which he reinvested. In the second year, he earned $63.6 in interest. We need to identify the term for the additional $3.6 he earned in interest during the second year.

The additional $3.6 in interest that Scarlatti earned during the second year is called "compound interest."

Compound interest refers to the interest earned not only on the initial principal amount but also on the accumulated interest from previous periods. In this case, the $60 earned in the first year was added to Scarlatti's initial investment of $1,000, resulting in a new principal amount of $1,060 for the second year. As a result, the interest earned during the second year was calculated based on the increased principal amount of $1,060.

The additional $3.6 earned in interest during the second year is the result of the compounding effect, where interest is earned on the initial investment as well as the previously earned interest.

In summary, the extra $3.6 earned in interest during the second year is called compound interest, representing the interest earned on the reinvested amount from the previous year.

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Answer:D

Explanation:

i just took quize lol

Answer:

open fridge!!!

Explanation:

STEP 1: open fridge

STEP 2: find the egg then grab with hand!!!!!!!!

(Its really hard!!)

Answer:

knowledge of math skills.

Explanation:

Analyzing the above question, it can be considered that Jessie used her knowledge of math skills, because before she placed an order for the necessary materials, she measured and measured again to make sure her numbers were correct, so she could only check the numbers and the veracity of your measurements, if you have mathematical knowledge.

It follows that Jessie has knowledge and skills in mathematics, for having information learned about mathematics, and skills for knowing how to apply her knowledge, as demonstrated in the question.

Answer:

knowledge of math skills

Explanation:

She is using math for calculations

To determine the best bank for a savings account and a vehicle loan, you should consider the interest rates offered by each bank. The highest interest rate for a savings account is desired, while the lowest interest rate for a vehicle loan is preferred.

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Answer: See explanation

Explanation:

Economics is referred to as a social science that is concerned with how goods are produced, how they're distributed and how they're consumed. Economics is the social science that studies why human beings behave the way that they do.

It is difficult to consider Economics as a science because it lacks a hypotheses that's testable. Also, there is lack of consensus and the scientific method is not followed in Economics.

The value of the apartment complex using a 10% capitalization rate would be $600,000.

The capitalization rate is used to calculate the value of the property.

The capitalization rate is calculated by dividing the net operating income by the value of the property. The higher the capitalization rate, the lower the value of the property.

Therefore, if the capitalization rate is reduced from 12% to 10%, the value of the property will increase from $480,000 to $600,000.

By dividing a property's net operating income by its current market value, the capitalization rate is determined. An investor's probable return on a real estate investment is estimated using this ratio, which is given as a percentage.

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Answer:

TRUE TRUE TRUE

Explanation:

:) :) :) :) :) :)

Answer:

True

Explanation:

kind of common sense lol......

Only when workers are clocked in does a McDonald's management have authority over them. Positions have authority; individuals do not.

In sociology and political science, authority is the rightful control that one individual or group has over others. In a civil state, power is exercised through the judicial or executive branches of government. The phrases "authority" and "power" are misused when referring to the practice of governing.

The terms "authority" and "power" refer to the political legitimacy that confers and justifies the ruler's right to execute the power of government. Accordingly, "authority" is the capacity to take decisions and the "legitimacy to take such lawful judgments and direct their execution."

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By examining the financial figures provided above for John's account, it is clear that check no. 410 for $710.49 was the reason for John's account overdraft. As a result, choice (C) is valid.

A transaction in which the account holder is permitted to take more money than the account's actual balance is referred to as an overdraft from the account. The account balance is negative following a transaction that results in an overdraw.

One can clearly infer from the account statement shown above that an overdraw transaction occurred after Check No. 410 for an amount of $710.49 was drawn since the account's balance was negative for the first time.

Hence, Option (C ) is the accurate one.

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Your question is incomplete, probably the complete question is:

Which transaction caused John to overdraw his account?

(A) The Online Bill Payment of $146.67

(B) Check No. 409 for $100

(C) Check No. 410 for $710.49

(D) The Overdraft Fee of $35

The post highlights the importance of training, empowering, and rewarding customer service representatives (CSRs) in companies like Enterprise Holdings.

It suggests that such practices make employees feel valued and important, fostering a positive work environment. The idea of treating all employees equally and providing rewards for their hard work is emphasized.

The author also shares their personal experience working for a Fire Protection company, where they feel empowered and supported. They mention how their company encourages growth and provides opportunities for career advancement, including assisting with educational expenses.

Overall, the post emphasizes the significance of creating a positive work culture that values employees and offers incentives for their contributions. This approach can lead to higher job satisfaction and employee engagement, which can ultimately benefit both the company and its employees.

Whether I agree or not is not applicable, as I don't have personal opinions. However, the importance of training, empowering, and rewarding employees is widely recognized in organizations to foster a positive work environment and enhance employee motivation and satisfaction.

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A. takers or taker. Companies engaged in pure competition are referred to be price takers since they have no influence over the cost of the products or services they provide.

In a market with just competition, there are many of buyers and sellers, and no one company has any control over the market price. In order to change their output levels, enterprises must accept the market price as provided. A market system known as pure competition has several buyers and sellers of a homogeneous product, which means that the goods sold by each company are equal in terms of quality, features, and other characteristics. No single buyer or seller has a substantial effect on the market price in this kind of market.

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Account payable refers to the debt incurred by a company when it purchases coffee and coffee cups from vendors on credit. As a result, (C) is the best choice.

Net sales are operating revenues obtained by a business by selling its goods or providing its services in bookkeeping, accounting, and financial accounting. They are directly recorded as Sales or Net sales on the income statement and are also known as revenue.

Sales in financial ratios that employ income statement sales numbers are net sales, not gross sales. Sales are the distinctive transactions that take place in professional selling or during marketing campaigns. When things are delivered or services are provided, revenue is generated.

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Answer:

The answer is "The first choice".

Explanation:

Please find the graph file of the given question:

In the given question the first choice is correct because in the graph it has 3 dots, which denotes the (tv's) in 2 that is equal to the two houses.

Answer:

The answer is A.)

Explanation:

(っ◔◡◔)っ

A customer who returns goods or receives an allowance is entitled to a credit for the appropriate amount of sales tax if tax was charged on the original sale. Thus, the given statement is true.

The purpose of this credit is to ensure that the customer is not overcharged for the sales tax on the returned goods or allowance. The sales tax should be refunded or credited back to the customer along with the refund or allowance amount. This is a common practice to ensure fairness and accuracy in the calculation of sales tax for returned or adjusted transactions.

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A customer who returns goods or receives an allowance is entitled to a credit for the appropriate amount of sales tax if tax was charged on the original sale.

True. When a customer returns goods or receives an allowance, they are entitled to a credit for the appropriate amount of sales tax if tax was charged on the original sale.

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It should be noted that Equifax experian and transunion are legally obligated to provide identical information.

Experian and Equifax serves as a credit bureaus in the U.S that collect and research credit information.

They help individuals to rate the overall ability to pay back a debt.

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Answer:

is a term economists use for all of the resources that businesses use to purchase, rent, or hire what they need in order to produce goods or services. 

Explanation:

B. Direct selling is face-to-face selling away from a fixed retail location. This method involves sales representatives engaging with customers directly, often through door-to-door sales, in-home product demonstrations, or at events, rather than at a fixed retail location. In contrast, direct-response marketing (D) typically involves advertisements that prompt an immediate response from the consumer, while telemarketing (C) is conducted over the phone.

It is to be noted that If Zada challenges the purchase as going beyond the powers of the corporation: she will win because purchasing the refrigerator is an ultra vires act. (Option D)

Ultra vires acts are any acts that go beyond a corporation's power to conduct. Acts of ultra vires extend beyond the powers expressly granted in a corporate charter or by law. This can also apply to any behavior that the company charter expressly prohibits.

The Memorandum and Articles of Association, which serve as the company's constitution, outline the company's main goals, powers, scope, and areas of activity, both internal and external. As a result, a firm can do anything that falls within the scope of the authorities indicated in the Memorandum.

It also has the implicit authority to conduct anything that is tangential to its primary goals. If the corporation goes above the authorities indicated in the Memorandum, it will be considered an Ultra Vires Act.

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Full Question:

Mork and Mindy create a for-profit corporation, Mork’s House, to provide shelter to homeless and abused women and children. Mork and Mindy are shareholders of the corporation. Zada is also a shareholder in the corporation, along with five others. Douglas manages the day-to-day operations of the corporation. The bylaws of the corporation provide that the corporation is established for the sole purpose of providing shelter, food, and care for homeless and abused women and children and for no other purpose. When the refrigerator in Mork’s House stops working, Douglas purchases a new refrigerator from Home Depot and charges it to the corporation. If Zada challenges the purchase as going beyond the powers of the corporation:

a) she will win, because the bylaws do not address purchases of appliances.

b) she will lose, because purchasing the refrigerator falls under the implied powers of the corporation.

c) she will lose, because purchasing the refrigerator is an express power of the corporation.

d) she will win, because purchasing the refrigerator is an ultra vires act.

Aggregate expenditure is calculated using the formula AE = C + I + G + NX. The equation, when written out, reads as follows: Total spending = Total Household Consumption.

Transfer payments (such pensions and unemployment compensation) are excluded from G because they would be counted twice. When an economy is open, net exports—defined as total exports minus total imports—are also included in the economy's total spending.

Consumption, investment, net exports of goods and services, and government purchases of goods and services are the four essential categories of expenditures that must be included when calculating the gross domestic product (GDP) (GDP).

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Answer:

working with apple and creating the mac

Explanation:

To determine the present value that will give a future value of $9,280 at a 9.75% interest rate compounded monthly for 2 years and 3 months, we need to calculate the present value using the formula for compound interest.

The formula to calculate the present value (PV) based on future value (FV) and interest rate (r) compounded monthly for a given time period (n) is:

PV = FV /\((1 + r/n)^(n*t)\)

In this case, the future value (FV) is $9,280, the interest rate (r) is 9.75%, the time period (t) is 2 years and 3 months, which is equivalent to 27 months, and the compounding is monthly (n = 12).

Substituting these values into the formula, we can calculate the present value:

PV = $9,280 / \((1 + 0.0975/12)^(12*27)\)

Simplifying the equation, we get:

PV ≈ $7,386.76

Therefore, the present value that will give a future value of $9,280 at a 9.75% interest rate compounded monthly for 2 years and 3 months is approximately $7,386.76.

This means that if we invest $7,386.76 at the given interest rate and time period, it will grow to $9,280 after 2 years and 3 months of compounding.

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When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.

This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.

To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.

Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.

Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.

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B. Profits cannot be used to directly acquire capital for company activities.

Profits are typically used to cover expenses, reinvest in the business, and/or reward shareholders. Profits are the excess of revenue over expenses and represent the company's income.

Profits are not used to fund company activities, but rather to reinvest in the business, pay out dividends to shareholders, or pay off debts.Profits can be used to acquire capital indirectly by using them to pay off current debt or to finance investments, such as stocks and bonds.

However, profits alone cannot provide the capital needed for company activities. Arbitrarily firing employees would also not be a feasible way to acquire capital as it would be detrimental to the company's productivity.

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