Shaman, Inc. purchased $400 of supplies on account. This was recorded by debiting Supplies for $400 and crediting Cash for $400. The entry needed to correct this error is:
A) Debit Accounts Payable for $400 and credit Cash for $400.
B) Debit Accounts Receivable for $400 and credit Cash for $400.
C) Debit Cash for $400 and credit Accounts Payable for $400.
D) Debit Cash for $400 and credit Accounts Receivable for $400.
C) Debit Cash for $400 and credit Accounts Payable for $400.
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The following organizational approaches accomplish tasks necessary to develop and manage products: product manager approach, and the ____ approach.
A. brand manager B. functional team C. multiproduct manager D. special projects E. venture team
You know that regular tax-deferred investments are a popular investment choice for many people preparing for retirement
Did you know that if you invest $2,000 today and at the end of every year for 40 years at an annual rate of 10% that you will have grown your portfolio to a value of $975,704 at the end of that time? How much of that future value dollar amount comes from the $2,000 investment you made today? A) $975,704 B) $885,185 C) $23,798 D) $90,519
Cheryl has been examining data from her company and discussing its successes and failures with the different division heads and managers. She has drawn up a list of the company's strengths and found that it is very good at promotion and meeting clients' delivery needs on time. She has discovered that the company is very slow with collecting its receivables and therefore has a significant lag between the time merchandise is ordered, delivered, and when payment is made. She also discovered that a new company is producing the same goods as hers and is selling them for less money and with a better guarantee. Finally, she has discovered that there is a great need for her company's product in the education field and that this market is virtually untapped. Which of the following best describes
Cheryl's activities? A. She is doing an environmental analysis. B. She is doing a SWOT analysis. C. She is writing an executive summary. D. She is drafting the marketing strategies.
The payroll register of the Retro Manufacturing Company showed total employee earnings of $37,000 for the week ended January 18, 2019. Compute the employer's payroll taxes for the period. Use a rate of 6.2 percent for the employer's share of the social security tax, 1.45 percent for Medicare tax, 0.6 percent for FUTA tax, and 5.4 percent for SUTA tax. Assume all earnings are taxable.
What will be an ideal response?