Blog

If a company purchases supplies worth $1,000 but uses only $700 during the accounting period, what adjusting entry should be made? 

What is the second step in processing transaction in the accounting cycle? 

Welcome!  Before you begin please show the camera the following: Periodic table: front and back Formula Sheet: front and back Calculator if you are using one Blank Paper Thank you and good luck! You’ve got this!!

Pinpoint the pulmonary trunk.

On October 2, 20X8, Penn purchases goods for a U.S. dollar equivalent of $19,000 from a Swiss company. The transaction is denominated in Swiss francs (SFr). The payment is made on November 10. The exchange rates were as follows. Exchange Rates Date Currency Exchange rate October 2 1 Swiss franc =    $    0.95 November 10 1 Swiss franc =    $    0.92 What entry is required to re-value foreign currency payable to U.S.-dollar-equivalent value on November 10? (Hint: Translate accounts payable into Swiss francs first.) Options for Entry Required to Re-value Foreign Currency Option Accounts and explanation Debit Credit A Foreign currency transaction loss 570      Accounts payable (SFr) 570 B Accounts payable (SFr) 600      Foreign currency transaction gain 600 C Foreign currency transaction loss 600      Accounts payable (SFr) 600 D Accounts payable (SFr) 570      Foreign currency transaction gain 570  

Suppose that the direct foreign exchange rates in U.S. dollars are as follows: 1 Swiss franc = $1.0371 1 Swedish krona = $0.1526 Based on this information, how many Swiss francs are required to purchase goods costing $3,000 (USD)?

Which of the following are the three (3) key areas in university athletics that are evaluated under Title IX (note: this is not the 3-part test)?

In order to state an Equal Pay Act claim, a plaintiff must show his/her position was substantially equal to that of the comparator position(s) with respect to which of the foregoing attributes:

The decision to keep the code for the World Wide Web created at CERN in Switzerland in 1989 available on a royalty-free basis, forever, sparked a global wave of creativity, collaboration and innovation never seen before. Discuss.  (Answer in about 90 words)

While developing a customer support software application in the “Soft Systems” company based in North Virginia Technology Park, the software developer, Tom, suspects a possible vulnerability that can leak customers’ private data. His manager, Jim, wants the new application released asap. Tom is trying to convince Jim to delay the release of the software application until proper software testing is conducted. Discuss briefly some legal and ethical arguments that Tom can present to Jim?  (Answer in about 90 words)