Answer:
See explanation section.
Explanation:
March 1, Purchased Debit $90,000
Accounts payable Credit $90,000
Note: To record the purchased on account.
March 9, Accounts payable Debit $90,000
Cash Credit $88,200
Purchased discount Credit $1,800
Calculation: $90,000 - ($90,000 × 2%) = $88,200
Note: To record the payment.
March 11, No journal entry required.
March 18, Purchased Debit $10,000
Accounts payable Credit $10,000
Note: To record the purchased on account.
March 20, Cash Debit $17,640
Refunds payable Credit $17,640
Note: To record the return.
The journal entries are indicated for each transaction during March, highlighting purchases on account, payment within discount period, return of defective goods, a second purchase, and a refund received. The entries show how these transactions are reflected in the accounting system of Manville Heating & Air Company.
The journal entries for the transactions of Manville Heating & Air Company in the month of March are as follows:
The above journal entries demonstrate the recording of purchasing transactions and returns, considering the discount period and the eventual refund received.
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Answer:
Option a is the answer i.e $0
Explanation:
Basically, Mr Carl who has a salary of $91,500 and interest income of $11,000.
From the US system, one is not allowed or simply put it is not mandatory on you to have a contribution towards your educational savings, IT IS NOT. such action is dependent on individuals volition, it is the individual who has a better plan will think of having a savings for education by way of attending college.
Moroever, in the US, students are enttled to financial aid to support their education while in college. If financial aid is available for students, then there wont be any need for them to have a savings towards their education.
Llike I said, having an educaional savings account is depenedent on the individual and his plans towards college. Hence, Mr Carl has no rule or law that says he must have a maximum or minimum in his educational savings account and as such the answer is 0$.
Answer:
Option D is false
Explanation:
EVC is not the same thing as willingness to pay because EVC is a measure of the value the product produces for a particular customer but doesn't have any effect on it's customers ability to pay for the estimated value.
Answer:
PMI approach = Plus, minus, and interesting
Explanation:
It basically practices the approach to provide validation to all the views of people in discussion, and then, choosing the right alternative.
As different people have different views, it signifies that after considering all the views, decision shall be made as to what the pros and cons and alternatives for the current decision, or project chosen.
It provides a proper and detailed evaluation of the decision through lateral thinking, and keeping an unbiased opinion.
The engineers followed a problem-solving approach, using a combination of strategy, solution, and significance to make a final decision. It required analytical intelligence and some creativity to arrive at the final design. This approach was systematic and perfect for making complex decisions.
The approach that the New Generations Computer Company used is known as a problem-solving approach. It involves a three-stage process wherein the engineers analyzed each design based on a certain strategy, finding a solution, and evaluating the significance, i.e. implications of each of their decision. These steps ensure that the final product is effective, efficient, and meaningful. This approach requires analytical intelligence, with a dash of creativity and insight for a much more meaningful output. The process also involves identifying knowns and unknowns and thorough checking if the design is plausible. Overall, it's a systematic way of making complex decisions, perfect for scenarios such as designing a new product.
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B. Anchoring: This is the overreliance on an initial single piece of information or experience to make subsequent judgments. Once an anchor is set, other judgments are made by adjusting away from that anchor, which can limit one’s ability to accurately interpret new, potentially relevant information.
C. Shifting: This is the bias involved in shifting perspectives too rapidly, thereby forgoing objectivity and sound reasoning.
D. Halo effect: This is an observer’s overall impression of a person, company, brand, or product, and it influences the observer’s feelings and thoughts about that entity’s overall character or properties. It is the perception, for example, that if someone does well in a certain area, then they will automatically perform well at something else regardless of whether those tasks are related.
E. Overconfidence bias: This bias occurs when a person overestimates the reliability of their judgments. This can include the certainty one feels in her own ability, performance, level of control, or chance of success.
Answer:
Option C would be the correct answer.
Explanation:
Throughout objective reasoning, cognitive bias seems to be a weakness that has been triggered by that of the human brain's propensity to interpret knowledge through a prism of individual perspective including interests. The types of cognitive bias but for the remaining change.
The types of cognitive bias are almost as follows:
The latter considerations provided are not closely linked to the case provided. So, the answer above is the right one.
All of the given options are forms of cognitive bias except C. Shifting.
Cognitive biases are systematic patterns of deviation from objective judgment or rationality in decision-making. They can significantly impact the quality of our decisions. Among the listed options, all are recognized forms of cognitive bias except "Shifting."
Confirmation bias involves favoring information that confirms existing beliefs, Anchoring refers to relying too heavily on initial information, Halo effect influences overall judgments based on one aspect, and Overconfidence bias entails overestimating one's judgment's reliability.
"Shifting" is not a documented cognitive bias but may refer to rapidly changing perspectives, potentially leading to inconsistent or less objective reasoning. Understanding these biases is crucial for making more rational and informed decisions in various aspects of life.
So, option C is the answer.
For more questions on cognitive bias:
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Answer:
correction option is A i.e. Flexibility option
Explanation:
correction option is A i.e. Flexibility option
flexibility option make easier for corporation unit to decide on production or raw material on the basis of market condition.
Abandonment option - As the name indicate this option initiate when corporation suffered huge lost or when there is a conditioned of minimum cash flow due to any reason.
Answer:
B
Explanation:
Timing option makes it possible to alter inputs or outputs in production process.
Answer:
$2,500,000
Explanation:
Following the stated assumptions in the question, the money multiplier will be used to calculate the resulting effect of the $500,000 injection into the money supply.
The money multiplier formula is 1/r , where r is the required reserve ratio. So, the resulting change in demand deposits is:
Change in Demand Deposits = Change in Fresh Reserves (that is, the Initial Deposit)×1/r
= $500,000×1/0.20
=$500,000 × 5
= $2,500,000