An invoice does not become a debit memo when a purchase is made on account. Instead, the purchase leads to a debit in the Purchases account and a corresponding credit in Accounts Payable. This is separate from a debit card purchase, which could result a debit memo from the individual's bank.
Explanation:When a purchase is made on account, the invoice does not typically become a debit memo. In business, a debit memo is an official document that shows the amount that is due for goods or services. An invoice, on the other hand, is a document that lists the goods or services provided, their quantities, and prices.
For accounting purposes, when a purchase is made on account, it often results in a debit to the Purchases account and a corresponding credit to Accounts Payable. This transaction is separate from a debit memo. But you might confuse it with a debit card purchase where the amount is immediately deducted from the person's checking account. In that case, the person's bank might issue a debit memo to the account, reflecting the immediate subtraction of funds for the purchase.
Learn more about debit memo here:https://brainly.com/question/33934236
#SPJ12
The _____ requires states to provide all eligible citizens with the opportunity to register to vote when they apply for or renew a driver's license.
What makes infographics great marketing tools ?
Answer:
This particular infographic is effective because it gives you all the information you need to know. For example, The infographic gives you the amount of empty calories in both number form and picture form. Another great thing about this infographic is that it is very organized. it has Pictures of the food at the top then the total amount of calories, after that, what the food is,and the amount of food. Then below that it includes the amount of empty calories, first in number form, and then in picture form.The infographic is very easy for anyone to read.
Explanation:
If a congressional leader passes a bill favorable to a particular pharmaceutical firm, then resigns to take a consultant position with the same firm, this may be an example of
The answer to this question is that it is an example of regulatory capture.
Regulatory capture is a situation where in the interest of the business or firm is being prioritized by the firm in order for them to advance and succeed. There are two types of regulatory capture; a materialistic capture and non-materialistic capture.
John buys a $1,000 bond that pays 6% annual interest at 75. what is john's annual yield?
To calculate the current yield of bonds.
We have the given par value of $1000, a market price of $750 and an interest rate of 6%.
Formula of current yield:
Yield = (interest rate * par value)/(market price) * 100%
= ((0.06 * $1000)/$750) * 100%
= ( $60/$750) * 100%
=0.08 * 100%
= 8%
An analysis of medical claims at chaparral steel co. identified lower back problems as the most common problem experienced by steelworkers and managers alike. the interdisciplinary approach most appropriate for this problem would be:
Identify the group that worked to improve the lives of industrial workers.
What is the primary tool that monetary policy uses to affect the overall economy?
Which form would an individual use who has less than $50,000 in taxable income from wages, salaries, tips, unemployment compensation, interest, or dividends, and who is married and does not itemize deductions? A. Form 1040 B. Form 1040EZ C. Form 1040A D. Schedule A
Answer:
C. 1040A
Explanation:
I got it right on the test
Assume the CPI increases from 100 to 110. Explain the impact of this inflation (helped, hurt, not impacted) on each of the following:
A surveyor who took out a 5% fixed-rate loan last year to buy new equipment.
A bank that awarded a 6% fixed-rate loan to a couple buying their first home.
A company signs a contract to clean classrooms at a fixed rate for the next 5 years. The company does not have a labor contract with its employees.
A union worker who received a 10% cost of living adjustment.
A student who currently earns 2% interest on her savings account.
Inflation is the act wherein the general price level of the goods and services have sustained. It is also has a tendency to reduce the value of money when it is too high, but it also depends on the interest rate if it’s higher. Therefore the answers of these would be:
a. Considering the fixed rate of the new equipment, it would gain 4%
b. Due to the loan, 4% would be lost.
c. Lack of the documentation of the employees would allow the company to lose.
d. The result would be unchanged.
e. The result would be the loss of 8%
A presidential _________ is usually expressed as the percentage of the american public who say the president is doing a good job.
A presidential candidate is usually expressed as the percentage of the American public who say the president is doing a good job.
Can anyone be a presidential candidate?A Presidential candidate must be A natural-born citizen (U.S. citizen from start) at least 35 years old and. A U.S. resident (completely lives within the U.S.) for at least 14 years.
Nowadays, in forty-eight states, people participate in primaries or caucuses to pick delegates who aid their presidential candidate of choice. At country-wide birthday party conventions, the presidential contender with the maximum state delegate votes wins the celebration nomination.
Learn more about presidential candidates here: https://brainly.com/question/17068791
#SPJ2
The journal entry to record the transfer from work in process to finished goods would include a debit to
A prospective buyer submits an offer to purchase a home for $256,000. the seller changes the price to $260,000, initials the change, signs the offer and sends it back to the purchaser. what has occurred here?
The seller has made a counteroffer by changing the price and sending it back to the buyer, who can now respond to this new offer.
When the seller increases the original purchase offer from $256,000 to $260,000, initials the change, signs the offer, and sends it back to the purchaser, a counteroffer has been made. This occurs in real estate transactions when the seller is not satisfied with the buyer's initial offer and adjusts the price or terms before agreeing to the sale. The prospective buyer can now decide whether to accept the seller's counteroffer, reject it, or make another counteroffer.
Is it consistent to favor the free exchange of goods within a nation but to support trade restrictions on imported products?
When identifying risks, which domain is an example of insurance denial of care and billing and collections:?
In economics, the term "capital" refers to
Capital in economics refers to man-made resources like machinery and buildings used in the production process, not to be confused with financial capital, which is money used to purchase these resources.
Explanation:In economics, capital refers to the man-made resources that are used to produce goods and services. This includes not only physical objects like buildings, factories, tools, and machinery, but also intellectual properties like software and inventories which can enhance production capacities. For example, for a pizza shop, capital refers to the oven, pizza peel, the building, tables, and chairs, which are instrumental in producing and serving pizza to customers.
Contrary to some misconceptions, capital is not the same as financial capital (money). Money serves as a form of financial capital and can be used to acquire physical capital, but it cannot be used directly in the production process. Capital goods are the result of production and are further used in the production of other goods and services. Therefore, capital is considered both a product of and a resource for production.
Learn more about Capital here:https://brainly.com/question/30319680
#SPJ6
Special retirement after-tax savings accounts created by the government are ________.
Georgia is considering between two health insurance policies. one includes a deductible of $600 and the other includes a coinsurance of 20%. if a bill is $4,000, how much will she be required to pay under the policy with the coinsurance?
All of the following are tools of monetary supply EXCEPT
a. selective credit controls.
c. liability and assets.
b. moral persuasion.
d. open market operations.
Percy gray, a professional nature photographer, is planning to buy a camera. recently, when he came across an ad in a magazine, he carefully considered and evaluated the various attributes of the cameras. he was keen on weighing the advantages against the price and also considered the usability of the products under inclement weather conditions. in this instance, percy gray is focusing on the _____.
When does the appraisal process begin?
a. when the manager defines performance standards for an employee
b. after the manager observes the employee's performance
c. as soon as the employee begins working?
Marketing consists primarily of advertising a product or service.
a. True
b. False
Marx used the term ______ for those people who owned the means of production.
Given the following list of accounts with normal balances, what are the trial balance totals of the debits and credits?
Please see attached image to see the given data.
The trial balance totals of the debits and credits are $2,250 debit, $2,250 credit.
$1000 (cash) +
$500 (Equipment) + $750 (Salaries Expense) = $2,250 Debit
$350 (Accounts Payable) + $900 (Capital) + $1000 (Service Fees) = $2,250 Credit
What is one disadvantage of our free market society?
The major disadvantage of the free market is the uneven distribution of wealth.
Further Explanation:
Free market:
The free market refers to the market where government intervention is minimum or zero. The exchange of goods and services is held voluntarily based on the demand and supply of the product. The main characteristic of the free market is that there is no transaction condition. All the transactions are carried out between the buyer and seller without any condition. Laissez-faire capitalism and voluntary socialism are examples of the free market.
Disadvantage of the free market:
The major disadvantage of the free market is the uneven spread of wealth. Without government intervention, only a handful number of buyers may take over the market and creates a cartel and manipulate the price of the product. It would lead to a higher profit for handful sellers and very little margin for other sellers. It will result in the uneven spread of wealth where a very few sellers would earn most of the profit.
Thus, the major disadvantage of the free market is the uneven distribution of wealth.
Learn More:
Learn more about the management characteristics https://brainly.com/question/10649225 Learn more about the CRM system https://brainly.com/question/6657146 Learn more about the position in the organization https://brainly.com/question/6449808
Answer Details:
Grade: Senior school
Chapter: Free-Market
Subject: Economics
Keywords: one, disadvantage, our, free, market, society, government, intervention, characteristic, voluntarily
An employee who pockets cash received from a customer without recording the transaction is an example ofâ a(n):
a. expense scheme.
b. cash register scheme.
c. disbursement scheme.
d. check tampering scheme.
In the united states, government interventions that restrict a person's ability to immediately produce and sell a product that he or she has discovered or invented are referred to as ________.
Carl lives in a small new england town where he and other residents attend monthly town meetings. at these meeting they publicly vote on issues concerning the town. these monthly town meetings are an example of ________ democracy
________ databases are the most commonly used electronic databases.
The answer to this question is a relational database. A Relational database is a computer database that is stored in which information and data that is stored have a relation with each other. Relational database is also a set of tables, records, and columns. The software that is used in a relational database is called a relational database management system or RDBMS.
Relational databases are the most commonly used electronic databases.
The term "relational database" refers to a particular kind of database that stores and arranges data in tables, with each table having a set of rows and columns. A relational database is a type of computer database where the information and data that are saved are related to one another.
Tables, records, and columns make up a relational database as well. RDBMS, or relational database management system, refers to the program used in relational databases. Numerous industries, including healthcare, finance, and e-commerce, among others, frequently employ relational databases.
Learn more about on databases, here:
https://brainly.com/question/30163202
#SPJ6
The fallacy of _____ is arguing erroneously that what can be said of the whole can be said of the parts.
Answer what is good for the organization is the concern of supervisors,not employees