Connors company paid​ $700 cash to make a repair on equipment it sold under a​ one-year warranty in the prior year. The entry to record the payment will debit:.

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Answer 1

The Journal entry to record the payment will include a debit to Accrued Warranty Payable for $700 and a credit Cash for $700.

What is a Warranty account?

This account is used by firm to allocate expenses for replacing or repairing damaged products for customers.

Hence, for Connors company, the Journal entry to record the payment will include a debit to Accrued Warranty Payable for $700 and a credit Cash for $700.

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Related Questions

how can you best describe the relationship between the performance of long-term treasury bonds and the s&p 500 during the period 2000-2012?

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The relatedness of the performance of long-term treasury bonds and the S&P 500 during the  period 2000-2012 was such that there was an inverse relationship between both classes of assets.

What is a long-term treasury bonds?

Long-Term Treasury bonds are investment instruments in the US. Essentially, they are US government bonds that mature after at least ten years.

Hence, it is accurate to indicate that The relatedness of the performance of long-term treasury bonds and the S&P 500 during the  period 2000-2012 was such that when one class was in the doldrums, the other was running a profit.

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The first step of the financial evaluation process for capital budgeting is:

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Identification of an investment option is the  first step of the financial evaluation process for capital budgeting.

What is capital budgeting?

The term capital budgeting has to do with the fact that a business would decide to undertake certain projects that they consider to be very major.

The first step to doing this is to identify a major investment option for the business.

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If electro corporation sells a $20 million stock issue to an investment banking firm such as merrill lynch, this transaction takes place in:

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The transaction of Electro Corp. selling their stock to an investment banking firm means that this happened in the Primary market.

What happens in the primary market?

This is the market where a company issues its stock to the market. They can issue it directly, but they usually go through an investment banking firm.

This investment banking firm would buy the stock at a lower price and then sell it to the market at a higher price.

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explain how automation impacts network management

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The automation can impact network management by:

By establishing  perfect network view.Easy access to network data

How can automation can impact network management?

By using automation programs, it make network management to be easy and direct because it improve the control that one has on the network.

With automation, it will be easier to  access network data as well the  performance reports.

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Financially successful people focus on
the short-term.

True or false?

Answers

false !
they focus on long term

Identify a type of market failure. Provide an example of that type of market failure and briefly explain one way that the government could help to reduce the negative effect of that market failure.​

Answers

Monopoly power, inefficiency, absent markets, and other factors can all result in market failure. Government is help to reduce the negative effect of that market failure such as implemented taxes and laws. An example of a market failure is music application.

What is market failure?

When we talk about "market failure," we're talking about an economy where there is an inefficient flow of commodities and services on the open market.

Inefficiency, absent markets, insufficient markets, and negative externalities are the main forms of monopoly power. audio player: All listeners hear the song, yet it cannot affect them directly. It is unable to determine whether or not a user has paid.

The government must address market failure issues brought on by additional regulations, taxes, tariffs, subsidies, and trade restrictions.

As a result, monopoly power, inefficiency and missing markets types of market failure. Government implemented taxes and laws. Ex of music app.

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Valuation of a swap during its life will least likely involve the:

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Valuation of a swap during its life will least likely involve in the application of the principle of no arbitrage.

What is Swap?

Swap involves two individual that exchanging properties or money. This individual use different tools for the exchange as desired by them.

Arbitrage allows for sale of goods or property at the highest asking price and valuation will most like involve in it.

Therefore, valuation of a swap during its life will least likely involve in the application of the principle of no arbitrage

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A help desk can answer 120 calls per hour. The demand rate is 150 calls per hour. What are the cycle time (in minutes per call) and utilization of the call center?

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Cycle time is 0.5 minutes per call and utilization of the call center is 1.

Calculation

Flow rate = Min(demand, capacity)

                = Min(150, 120)

                = 120 calls per hour.

Cycle time = 1/Flow rate

                  = 1/120 hour per call

                  = 1/120 × 60 (minutes/hour)

                  = 0.5 minute per call.

Utilization = Flow rate/Capacity

                 = 120/120

                 = 1

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The clause in a contract that is meant to include the text of a document (although physically separate from the contract) so it becomes part of the contract is generally called the

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The clause in a contract that is meant to include the text of a document  is generally called the Incorporation by reference clause.

What is Incorporation by reference clause?

Incorporation by reference clause can be defined as the way of adding or including  a document to another document.

When a document is Incorporation by reference clause it must be stated that the first document (former) will be included of the second (latter) document.

Therefore the clause in a contract that is meant to include the text of a document  is generally called the Incorporation by reference clause.

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which statement is not true regarding a critical asset in the enterprise environment

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The statement that is not true regarding a critical asset in the enterprise environment is:

It can easily be replaced

What is a critical asset?

Critical assets are the main resources that sustain the daily operation of a business.

These assets are the lifeblood of the business so any attempt to replace them can significantly damage the smooth running of the organization. So, critical assets cannot be replaced.

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which of the following items are initially recorded as an expense on the income statement?

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The items that are initially recorded as an expense on the income statement are:

a. Research and development costsb. Advertising costs

What is an Income Statement?

This refers to financial information that stores all the inflows and income that occurred over a period of time.

Hence, we can see that from the complete text, there are lists of items and the Research and development costs and Advertising costs are initially included as expenses in the income statement.

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24. Megan plans the facility layout of her new shop that would sell a variety of healthcare industry machines. She arranges the machines in a way that the machines are grouped according to their functions. Which of the following types of facility layouts has Megan used in her shop? a. A process layout b. A product layout c. A cellular layout d. A fixed-position layout ANSWER: a

Answers

Based on the fact that Megan arranged the machines according to their functions, this is A. Process layout.

What is a process layout?

This is a way of arranging a shop or factory where machines and equipment are arranged according to their function.

Megan arranged her machines according to how they function so that she can be able to move from one station to another. This is therefore a process layout.

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A man purchased a new power boat with an inboard engine from a boating supply store. The boating supply store properly inspected the boat before delivery, but did not detect a virtually invisible manufacturing defect in the boat's steering mechanism. Later that summer, the man was entertaining some friends on his boat on a lake near a dam. There were some warning pylons near the dam, warning boaters to stay clear. The man decided to show off for his friends by weaving his boat in and out of the warning pylons. As he rounded the last of them, the steering mechanism of his boat jammed, and the boat crashed into the dam. The man was severely injured. The man brings an action for damages against the boating supply store on a theory of strict liability in tort in a jurisdiction that does not apply its comparative fault rules to strict liability actions. Who will prevail

Answers

In this scenario with the boat the person that would prevail is the man that bought the boat.

The reason why the man would prevail

This is due to the fact that the people that sold him the boat should have made sure that they were not selling a defective item.

The accident was not the fault of the man. The defect should have been well detected and dealt with before the sale of the boat.

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Baseball Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $19,300. Budgeted cash receipts total $189,500 and budgeted cash disbursements total $190,600. The desired ending cash balance is $31,300. To attain its desired ending cash balance for January, the company should borrow: Multiple Choice $31,300 $0 $13,100 $49,500

Answers

The correct option is C). $13,100.

What is Budgeted cash receipts and Budgeted cash disbursements?

Budgeted cash receipts refer to the money that the company expects to receive in a specific period of time.

Budgeted cash disbursements are the payments that the company expects to make in a specific period of time.

As per given in the Question:

$19,300 + $189,500 - $190,600 =$18200

Here, $18,200 will be subtracted from $31,300 to determine the amount that the company needs to attain its desired ending cash balance:

$31,300 - $18,200= $13,100

According to this, the company should borrow $13,100.

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If a payment cap is applied and the required payment does not cover the interest expense, the unpaid interest is added to the loan thereby increasing the loan balance even though the required payment is being made. This is known as ___________.

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The condition when a payment cap is applied and the required payment does not cover the interest expense, the unpaid interest is added to the loan thereby increasing the loan balance even though the required payment is being made, is known as a negative amortization.

What is negative amortization?

A condition where the amount owed by an individual keeps adding even after the repayments are done is known as negative amortization.

Such condition of a negative amortization arises as the amount being repaid does not fully or partly cover the interest amount.

Hence, the significance of negative amortization is aforementioned.

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While talking about their supervisors, a group of employees at GreenWire Corp. agreed that one of the supervisors, Samuel, has a winning personality. They found out that they like working for him and often did more than what they were asked to do because they wanted Samuel to like them. From the given information, we can infer that Samuel has __________ power.

Answers

The fact that the employees do more than they are asked to gain Samuel's approval means that Samuel has referent power.

What is referent power?

Referent power refers to the power to influence others to do things that they wouldn't otherwise do.

This power comes from those people respecting who you are and looking up to you. Samuel gets people to work harder because they like him so this is the referent power.

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You are in charge of financial oversight for the hospital where you work. While reading the text you learned that one way to coordinate care more effectively is to:

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You are in rate of economic oversight for the health center wherein you work. While analyzing the textual content you found out that one manner to coordinate care extra efficiently is to Implement a device of digital clinical records.

What is EHR implementation?

Activating the EHR includes a multi-disciplinary method to put together the brand new device, make sure privateness and safety compliance, layout exercise workflows, teach the care crew and manipulate the adoption method. A considerate EHR implementation can assist the exercise adapt extra without difficulty to the brand new device, a good way to advantage patients, physicians and personnel.

Implementing an Electronic Health Record (EHR) is a multi-step method with a purpose to effect all personnel members. As with any new method, a mastering curve is involved. Having a stable plan can keep hours of pressure for all and sundry to your crew.

Your question is incomplete, but most probably your full question was:

You are in rate of economic oversight for the health center wherein you work. While analyzing the textual content you found out that one manner to coordinate care extra efficiently is to:

-Raise the federal poverty line.

-Implement a device of digital clinical records.

-Do all the above.

-Limit your affected person load to folks who are protected through Medicare or Medicaid.

Hence , the proper alternative is "Implement a device of digital clinical records"

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In order to gather additional in-depth information needed for business decisions, marketers must do their own research by gathering:

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In order to gather additional in-depth information needed for business decisions, marketers must do their own research by gathering: primary data.

What is primary data?

This is the data that researchers have to gather by themselves by going into the field.

Primary data is the type of data that can be gotten from direct surveys, questionnaires and other forms of data collection.

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A financial statement that has a date line similar to "For the month ended June 30, 20XX," is a(n):

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A financial statement that has a date line similar to "For the month ended June 30, 20XX," is an income statement.

What is income statement?

An income statement is what measures the profits and losses over a specific period for a company. It is used for reporting the financial performance over an accounting period.  

Hence, a financial statement that has a date line similar to "For the month ended June 30, 20XX," is an income statement.

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Individual consumers supply ____ and purchase ____. Group of answer choices None of the Answers are Correct. Factors of production; final goods and services Intermediate goods; final goods and services National goods and services; factors of production Final goods and services; factors of production PreviousNext

Answers

In the market, individual customers are able to supply Factors of production which allows them to purchase final goods and services.

How did individual customers trade in the market?

Individual customers would offer factors of production such as labor and savings (loans) to companies.

These companies would then produce goods and sell them to consumers who buy them as final goods and services.

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What does copyright law protect?

Answers

Answer:

Copyright, a form of intellectual property law, protects original works of authorship including literary, dramatic, musical, and artistic works, such as poetry, novels, movies, songs, computer software, and architecture.

The extent to which firms are meeting objectives suggests they a. are likely to prosper in the future. b. are likely to continue their present strategy with only minor fine-tuning. c. are virtually certain to make fresh strategic moves. d. recognize the status quo as the best course of action to adopt. e. realize that refocusing will ensure competitive gains.

Answers

The extent to which firms are meeting objectives suggests they are likely to continue their present strategy with only minor fine-tuning.

What are organizational objectives?

Organizational objectives refers to the short-term and medium-term goals in which organizations intend to achieve

Hence, the extent to which firms are meeting objectives suggests they are likely to continue their present strategy with only minor fine-tuning.

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The invisible hand concept suggests that Multiple Choice market failures imply the need for a national economic plan. big businesses are inherently more efficient than small businesses. assuming competition, private and public interests will coincide. the competitiveness of a capitalistic market economy invariably diminishes over time.

Answers

The invisible hand concept says that assuming competition, private and public interests will coincide.

What does the invisible hand concept call for?

It believes that in order for a society to be well off, there has to be competition between firms.

This competition would lead to increased production which will take care of the country better. This would coincide with the public interest of taking care of citizens.

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according to the menu cost theory, firms will be slow in changing their prices because:

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According to the menu cost the firms would be slow to changing prices because .the cost of changing the price might exceed the additional profit the price change would generate.

What is the menu cost theory?

This is the theory in the field of economics that helps to ensure the reflection of the effect of the change in price to an establishment.

According to this theory, the the cost of changing the price might exceed the additional profit the price change would generate.

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the table below reports quarterly gdp and real gdp data for the united states during the great recession, which lasted from the end of 2007 to mid-2009.

Answers

The above exercise has to do with GDP Analysis. It contains a comparison between Real GDP and nominal GDP.

What is real GDP?

Real GDP refers to a version of GDP (Gross Domestic Product) that has been adjusted for the effects of price inflation.

Thus:

From 2007 Q4 through 209 Q2, the real GDP grew by - 3.98%. This was a negative growth.

This was computed by the following formula:
% Increase = (Amount representing increase/ Original Figure) x 100

That is :   ((15,134.10 -15762.00)/15,762.00)*100

= -3.98363151884

≈-3.98

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Which statement best describes how insurance works?
A. Insurance lowers the individual effects of financial loss by spreading the risk to a larger group.

B. Insurance companies collect and hold a customer's premiums and pay claims from that money in the event that the customer has a loss.

C. Insurance companies borrow money from banks when they have to pay claims to policyholders.

D. Insurance companies change the coverage types offered on policies based on an individual's loss history.

Answers

Insurance companies collect and hold a customer's premiums and pay claims from that money in the event that the customer has a loss.

What is insurance?

Insurance involves securing an item against accident or any damages.

An individual can insure properties such as Land, building or Life by paying certain amount of money which serves a premium.

Therefore, insurance companies collect and hold a customer's premiums and pay claims from that money in the event that the customer has a loss.

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Ilene rents a property for the entire year. During the year, Ilene reported a net loss of $15,000 from the rental. If Ilene is an active participant in the rental and her AGI is $140,000, how much of the loss can she deduct against ordinary income in the year

Answers

The loss can she deduct against ordinary income in the year is $5000.

How to calculate the loss?

AGI = $140000

Less: Allowable limit = $100000

Excess = $40000

50% of excess = $20000

Less: Net loss = $15000

Loss deduction = $5000

Therefore, the loss can she deduct against ordinary income in the year is $5000.

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When you market medicare advantage and part d plans, what may you offer as a gift to induce enrollment in a plan?.

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When the insurance agents sold the Medicare plans under part D  then in order to induce the enrollees they can provide them with gifts worth not more than $15 in value.

What is a Medicare plan?

A Medicare plan is an insurance plan provided to US citizens in the healthcare sector by private insurance firms.

Under part D of the Medicare plan, the insurance agents cannot be allowed to provide prizes or gifts having a value of greater than $15, are not permitted to pay for any kind of meals, and also not allowed to give any gift card or any kind of money to the enrollees.

Therefore, the insurance agents can induce the persons to get enrolled in the Medicare plan by giving them gifts of not higher than $15.

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The car-related website and media company, Edmunds, provides reviews and ratings of vehicles and is well respected by individuals in the car industry as a neutral source. Consumers appreciate its advice and information and know they can trust Edmunds for non-biased information. In addition to its own website and magazine, Edmunds is using the ________ Pinterest to post photos and links to recent articles as well as answer questions posed by members of Pinterest.

Answers

In addition to its own website and magazine, Edmunds used the "​bulletin-board site" Pinterest to post photos and links to recent articles as well as answer questions posed by members of Pinterest.

What is bulletin-board site?

Such a website provides a forum for some users to discuss particular subjects. Some talks are only open to a certain group of people, while others are open to everyone.

Some features of bulletin-board site are

A bulletin board, also known as a pinboard, noticeboard, or notice board in British English. It is a surface designed for the posting of public messages, such as those announcing events, offering information, or announcing objects that are sought or for sale.

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Beau, a fashion design company, organizes an online contest. Participants are asked to design women's apparel to be posted on a social media website where its members can vote and provide feedback. Based on those votes, Beau will announce the winner and offer that individual a job at its firm. In this scenario, Beau is involved in _____. a. crowdsourcing b. tagging c. brandjacking d. blogging

Answers

Based on those votes, Beau will announce the winner and offer that individual a job at its firm. In this scenario, Beau is involved in crowdsourcing.

What does Crowdsourcing mean?

Crowdsourcing is the practice of turning to a body of people to obtain needed knowledge, goods or services.

The term crowdsourcing is a combination of crowds and outsourcing and was coined in 2006 by Wired magazine author Jeff Howe in his article "The Rise of Crowdsourcing."

As the term implies, crowdsourcing is when an entity -- whether an individual or an organization -- requests specific resources from a group of people (the crowd). Businesses, individuals and organizations of all kinds have used this process to solicit ideas and raise money as well as consolidate and promote information.

These entities leverage the internet, social media and purpose-built platforms to elicit and receive the knowledge, goods or services they're seeking. This allows them to engage with a broader spectrum of sources than they would if they had used employees, suppliers and other traditional sources of expertise via conventional routes of engagement.

Thus, we can say that the correct option is A.

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