Businesses can contribute to employee wellbeing by providing a safe and healthy work environment, offering competitive benefits and perks, promoting work-life balance, fostering professional development, and encouraging open communication and feedback.
Businesses can contribute to the improvement of employee wellbeing in several ways:
1. Providing a safe and healthy work environment: Businesses should prioritize the physical safety and mental health of their employees. This can be achieved by implementing safety measures, ergonomic workstations, and regular health and safety training. Offering a supportive and inclusive work culture can also contribute to the overall wellbeing of employees.
2. Offering competitive benefits and perks: Businesses can enhance employee wellbeing by providing comprehensive benefits packages. This may include health insurance, retirement plans, flexible work arrangements, and paid time off. Offering wellness programs, such as gym memberships or mental health resources, can also support the physical and mental wellbeing of employees.
3. Promoting work-life balance: Businesses should encourage employees to maintain a healthy work-life balance. This can be done by implementing policies that promote flexible working hours, remote work options, and reasonable workload expectations. Encouraging employees to take breaks and vacations can also help prevent burnout and improve overall wellbeing.
4. Fostering professional development: Supporting employees' professional growth and development can contribute to their overall wellbeing. Businesses can provide opportunities for training, workshops, and educational programs to help employees develop new skills and advance in their careers. Recognizing and rewarding employees' achievements can also boost morale and job satisfaction.
5. Encouraging open communication and feedback: Establishing a culture of open communication and feedback is crucial for improving employee wellbeing. Regular check-ins, one-on-one meetings, and team-building activities can create a supportive and collaborative work environment. Listening to employee concerns, addressing issues promptly, and involving employees in decision-making processes can help build trust and enhance overall job satisfaction.
By prioritizing these aspects, businesses can create a positive work environment that supports the wellbeing and satisfaction of their employees.
To know more about work-life balance refer here:
https://brainly.com/question/6842800#
#SPJ11
A(n) __ can administer self-assessment tools to help you understand your personality and preferences .
A Corporation declared a 4 for 1 stock split on 12,000 shares of \$5 par value common stock. If the market price of the share of stock had been $20 a share before the split, the par value, number of shares and approximate market value after the split would most likely be: 1) $1.25 par, 48,000 shares and $5.00 market value 2) $5.00 par, 24,000 shares and $20.00 market value 3) $20 par, 3,000 shares and $80.00 market value 4) $5.00 par, 24,000 shares and $4.00 market value
To determine the par value, number of shares, and approximate market value after a 4 for 1 stock split, we need to divide the original values by the split ratio.
In this case, the corporation declared a 4 for 1 stock split on 12,000 shares of $5 par value common stock. Therefore, we divide the values by 4.
$1.25 par, 48,000 shares, and $5.00 market value:
Par value after split: $5 / 4 = $1.25
Number of shares after split: 12,000 shares * 4 = 48,000 shares
Market value after split: $20 / 4 = $5.00
$5.00 par, 24,000 shares, and $20.00 market value:
Par value after split: $5 / 4 = $1.25 (incorrect)
Number of shares after split: 12,000 shares * 4 = 48,000 shares (incorrect)
Market value after split: $20 / 4 = $5.00 (incorrect)
$20 par, 3,000 shares, and $80.00 market value:
Par value after split: $5 / 4 = $1.25 (incorrect)
Number of shares after split: 12,000 shares * 4 = 48,000 shares (incorrect)
Market value after split: $20 / 4 = $5.00 (incorrect)
$5.00 par, 24,000 shares, and $4.00 market value:
Par value after split: $5 / 4 = $1.25 (incorrect)
Number of shares after split: 12,000 shares * 4 = 48,000 shares (incorrect)
Market value after split: $20 / 4 = $5.00 (incorrect)
Therefore, the correct answer is option 1) $1.25 par, 48,000 shares, and $5.00 market value.
To Learn more about Corporation Click this!
brainly.com/question/16257159
#SPJ11
corning, inc. transforms a blend of materials to create optical fiber capable of carrying much of the telephone traffic in the united states on a single strand. it is an example of an organizational buyer in which market?
A commercial area. Operating in the industrial sector, Corning, Inc. produces optical fibre that can carry a significant portion of the phone traffic in the US on a single strand using a complex mixture of materials.
Operating in the industrial sector, Corning, Inc. produces optical fibre that can carry a significant portion of the phone traffic in the US on a single strand using a complex mixture of materials. They operate in the B2B sector, and the goods they produce will be used extensively throughout the US. In contrast to the B2C industry, where we deal with individual clients, the B2B market is completely different. However, the industrial market is where we deal with the commercial sector, where people use the product to create their own goods. A commercial area. Operating in the industrial sector, Corning, Inc. produces optical fibre that can carry a significant portion of the phone traffic in the US on a single strand using a complex mixture of materials.
Learn more about Corning here:
https://brainly.com/question/14930022
#SPJ4
what type of contractual system describes a situation in which assistance in selecting the location, setting up the store or facility, advertising, and training personnel is provided by the parent company? multiple choice
Franchise System is the type of contractual system that describes a situation in which assistance in selecting the location, setting up the store or facility, advertising, and training personnel is provided by the parent company
A franchise is a sort of permit that gives a franchisee admittance to a franchisor's restrictive business information, cycles, and brand names, consequently permitting the franchisee to sell an item or administration under the franchisor's business name. In return for obtaining an establishment, the franchisee normally pays the franchisor an underlying beginning-up expense and yearly permitting charges.
A portion of the broadly perceived benefits of establishments incorporates an instant business recipe to follow, market-tried items and administrations, and, much of the time, laid-out memorability. For instance, on the off chance that you're a McDonald's franchisee, choices about what items to offer, how to format your store, or even how to plan your representative garbs have previously been made. Some franchisors offer preparation and monetary preparation, or arrangements of supported providers. Nonetheless, in spite of these advantages, the achievement is rarely ensured.
Know more about the franchises system- https://brainly.com/question/28139100
#SPJ4
Complete Question -
what type of contractual system describes a situation in which assistance in selecting the location, setting up the store or facility, advertising, and training personnel is provided by the parent company?_________
A manager wants to cut costs by laying off all workers who are 50 and older
and replacing them with younger workers. What should the HR department
advise in this situation?
A. The idea is smart because it should bring a significant
improvement in productivity.
B. The idea is illegal because employers must provide reasonable
accommodations to older employees.
C. The idea is illegal under the Age Discrimination in Employment
Act.
D. The idea is legal but will require extra money for training.
SUBMIT
A manager wants to cut costs by laying off all workers who are 50 and older and replacing them with younger workers, then the HR department should inform that the idea is illegal under the Age Discrimination in Employment Act.
What is Employment Act?The Terms of Employment Act of 1994 mandates that an employer submit a written explanation of wages and working conditions to its employees inside of 2 months of their start date.
This act also indicated that the employees are not removed on the basis of age discrimination.
In the above case, if a management wishes to save money by laying off all employees aged 50 and up and replacing them with younger employees.
Then, the HR department should warn the manager that this is against the Age Discrimination in Employment Act.
Therefore, option C is correct.
Learn more about the Employment Act, refer to:
https://brainly.com/question/13793187
#SPJ2
Answer: The idea is illegal under the Age Discrimination in Employment
Act.
Explanation: Just took the test
QUESTION 18 The market model of competition requires price taking behavior by many buyers and sellers. O True O False QUESTION 19 Globalization benefits all trading nations equally and fairly in the short run and the long run.
O True O False
It is inaccurate to say that globalization benefits all trading nations equally and fairly in the short run and the long run.
Question 18: The market model of competition requires price-taking behavior by many buyers and sellers. This statement is true in economics. It refers to the condition in which the prevailing price is beyond the control of any single seller or buyer.
The market sets the price instead of any one entity. A price-taking firm or entity is a small producer or consumer in a particular market. These firms cannot set their own prices. Instead, they must accept the market price that prevails. In a perfectly competitive market, no individual buyer or seller can affect the market price, so all are forced to take the price that the market sets. This, therefore, requires price taking behavior by many buyers and sellers.
Question 19: Globalization benefits all trading nations equally and fairly in the short run and the long run. This statement is false. Although globalization has many benefits, it does not benefit all trading nations equally and fairly in the short run or long run. The benefits of globalization include increasing the flow of goods and services across borders, creating jobs, and reducing poverty.
However, many countries are not able to benefit from globalization because of their size, location, and economic structure. Some countries may become too dependent on a few key exports or vulnerable to economic crises. Others may lose their jobs and industries as global competition forces companies to relocate or downsize. Therefore, it is inaccurate to say that globalization benefits all trading nations equally and fairly in the short run and the long run.
Learn more about Globalization here,
https://brainly.com/question/25499191
#SPJ11
What does the visible property control?
A which fields are displayed for each record
B how an object is affected by resizing the window
C how many objects can be included in a single form
D the number of records that can be displayed on a form
Answer:
A
Explanation:
EDGE 2021
SKATEBOARDERS. WHAT ARE SOME DISADVANTAGES AND ADVANTAGES OF YOUR SKATEBOARD?
What would you change if you could. Just wondering
Answer:
uh how i fall off sometimes disadvandage and it going right for me advandage
Explanation:
Identify and explain reasons why communication will be difficult in a business that has a Tall Organization structure?
help!!! :(
Answer:
Because there will be so many people, nobody will have time to talk, business will be booming, and there will be a lot more people. Nobody will want to stay, because its a big business, but small businesses, are a lot smaller (ofc) and people will be connected more, then having hundreds of people.
Explanation:
Which of the following is the best description of the Supreme Court's first ruling on the issue of the nationalization of the Bill of Rights in 1833?
The best way to describe the Supreme Court's first decision on the issue of nationalization is that the Bill of Rights restricts the national government but not state governments. Option A is correct.
A list of a nation's most essential rights is known as a bill of rights—also known as a declaration of rights or a charter of rights. The objective is to safeguard those rights from being violated by private citizens and public officials.
The Federalists made concessions to get the document ratified, and the First Congress proposed a Bill of Rights to protect people who were afraid of a strong national government. After being ratified by three-fourths of the state legislatures, the Bill of Rights went into effect in December 1791.
Learn more about Supreme Court:
brainly.com/question/29934714
#SPJ4
Complete question as follows.
Which of the following best describes the Supreme Court's first ruling on the nationalization of the Bill of Rights in 1833?
A. The Bill of Rights limits the national government but not state governments.
B. In 1833, the Supreme Court ruled that the Bill of Rights should not apply to state actions.
C. The Bill of Rights increase the national government power as well as state government.
Erin's weekly health deduction from her check is $5.35. If his employer pays 80% of the premium, how much is her annual premium?
Answer:
Explanation:
I assume they are asking for the total premium paid per year, but I will also show just the amount she pays per year.
To figure out the total annual premium:
If the employer pays 80%, then the employee pays 20% (100%-80%).
Total Premium x .20% = 5.35
Total Premium = 5.35/.2 (20%)
Total Premium = 26.75 per week
Total annual premium is 26.75 x 52 weeks = 1,391
‘The employee only pays 20% or 5.35 per weekly paycheck. Her annual costs is 5.35 x 52 weeks=278.20
Inventions and innovations can lead to increased efficiency and production. Which is the correct match of invention with its impact on expanding business in texas after the civil war?.
It should be noted that the invention of railroad after the Civil War was important to the development of the economy.
What is invention?Your information is incomplete. Therefore, an overview will be given. An invention simply means the process that beings about an improvement in the society.
It should be noted that Inventions and innovations can lead to increased efficiency and production. An invention that expanded usiness in Texas after the civil war was the introduction of trains.
Learn more about Civil War on:
https://brainly.com/question/24992590
what is a business strategy?
Fashion Designers should know all of the following:
(Select 3 answers)
Select 3 correct answer(s)
Knowledge of raw materials, production processes, quality control, costs,
and other techniques for maximizing the effective manufacture and
distribution of goods.
Knowledge of children, teens, and adult textile fabrics.
Knowledge of design techniques, tools, and principles involved in production of
precision technical plans, blueprints, drawings, and models.
Knowledge of the structure and content of the English language including the
meaning and spelling of words, rules of composition, and grammar.
Knowledge of techniques and equipment for potting. growing., and harvesting
products (both plant and animal) for fabric and textile techniques.
To thrive as a fashion designer, you must possess traits like creativity, initiative, good sewing technique, interpersonal skills, business acumen, leadership, and the capacity to adapt to shifting trends.
What are the foundational principles of fashion design?In the world of fashion, the four primary design elements or features used are shape or silhouette, line, color, and texture. The silhouette of the entire garment can be considered. This is the aspect of the garment that stands out the most. It produces the first effect before any additional factors are seen.
It is important for fashion designers to have a thorough understanding of the raw materials, manufacturing processes, quality control, costs, and other techniques for maximizing the effective production and distribution of goods.Knowledge of the concepts, instruments, and design techniques required to create precise technical plans, blueprints, drawings, and models.having knowledge of the techniques and equipment used to cultivate and harvest (both plant and animal) materials for clothing and textilesLearn more about fashion design: https://brainly.com/question/30593045
#SPJ1
plssssssssssssssssssssssssssssssssssssssssss i need this asap
what is the most likely reason why a text-only billboard that is advertising a new vacuum cleaner not get a heavy consumer response?
a. bc the product is poor quality
b. bc the billboard isn't attention grabbing
c. bc the target audience won't see the billboards
d. bc no one buys vacuum cleaners anymore
Answer:
b
Explanation:
because it makes sense
Answer:
c
Explanation:
the most reasonable answer.
An income statement is referred to as a single-step income statement because ______. Multiple choice question. the format separates total revenues from expenses and reports a single measure of income it reports only one accounting period of activity it is the first statement prepared of the 4 financial statements the assets are reported separately from liabilities and reports a single measure of stockholders' equity
It should be noted that An income statement is referred to as a single-step income statement because the format separates total revenues from expenses and reports a single measure of income.
What is an income statement?An income statement can be regarded as financial statement which helps to display company's income and expenditures.
Therefore, an income statement is An income statement is referred to as a single-step income statement.
Learn more about income statement at;
https://brainly.com/question/14037774
The amount by which an additional unit of a factor increases a firm's total _____ during a period is the _____.
The amount by which an additional unit of a factor increases the firm's total revenue during a period is marginal revenue product.
Hopefully, this helped!
The amount by which an additional unit of a factor increases a firm's total revenue or production during a period is the marginal product.
What is marginal product?The additional output, return, or profit generated per unit as a result of benefits from production inputs is referred to as marginal productivity or marginal product. Raw materials and labor are examples of inputs or factors of production.
The excess production produced as a result of an increase in the company's input is known as its marginal product. It is also known as MPP, or marginal physical product. It studies under the economies of scale in term of law of variable proportionality or declining marginal utility.
Practically, this might refer to the extra doughnuts made in a donut shop if they hire an extra worker.
Thus marginal product is account for when extra factor employed.
Learn more about marginal product refer:
https://brainly.com/question/29652804
#SPJ6
What are ethics ? In business
Answer: Business ethics are policies that guide the behavior of corporate entities, especially regarding controversial subjects.
Business ethics protect companies from legal liability and ensure that they treat their customers and team members with respect.
Corporate ethics codes often include subjects like social responsibility, insider trading, discrimination, corporate governance and bribery.
Explanation:
I WILL GIVE BRAINLIES, FIVE STARS AND MY THANFUL THANKS!!!~
Using complete sentences post a detailed response to the following.
Lionel works for an energy company interested in drilling for oil off the coast of a small island. The representative for the local fishing industry, Rochelle, says that locals are vigorously opposed to Lionel’s idea. A town meeting is held. Lionel explains how his company is dedicated to practicing the safest drilling techniques. He explains that oil piped from the ocean’s floor is purer and that it can be harvested in a more efficient way than an oil rig on land. Lionel also emphasizes how much the trucks carrying fish to the markets all over the country would save if local oil was able to be used. Rochelle fires back that in the past, serious accidents with offshore oil drilling have been reported. She points out that if there were a spill, the resulting death of fish would cost the local fisherman their livelihood. Local opinion on the issue is split. Before the town agrees to side with Lionel’s energy company or Rochelle’s local fish industry, officials order a report from a biotechnologist. Everyone agrees to go with what the biotechnologist recommends. Which side do you think the biotechnologist will agree with? Why?
Answer:
they need more detail because how is his livelihood
Explanation:
Give a proper definition of money.
Answer:
Money is an economic unit that functions as a generally recognized medium of exchange for transactional purposes in an economy. Money provides the service of reducing transaction costs, namely the double coincidence of wants. Money originates in the form of a commodity, having a physical property to be adopted by market participants as a medium of exchange. Money can be: market-determined, officially issued legal tender or fiat money, money substitutes, and fiduciary media, and electronic cryptocurrencies.
Explanation:
An economy that using its resources to produce the maximum number of goods and services is described as? A. Efficient B.underutilized C.growing. D.trading off
Answer:
underutilized
Explanation:
The demand curve for money shifts to the right when:________
The demand curve for money shifts to the right when money demand decreases.
What happens to the interest rate when money demand decreases?
The quantity of money demanded at a certain interest rate is represented by the money demand curve. Because the demand curve for money slopes downward, people will opt to keep less of their wealth in the form of cash if interest rates on bonds and other alternative investments rise.
The central bank manages the money supply and does business with other organisations. This interaction is a hallmark of the money market and may be shown as a supply curve.
The supply and demand for money in a country are represented by the money market, a kind of economic model. Money, including cash and checking and savings accounts, is a need for both individuals and organisations.
to learn more about demand curve click:
https://brainly.com/question/25910814
#SPJ1
highlight four ways of improving productivity of labour as a factor of production
Answer:
Following are the four ways for improving the productivity of the labour is given below
Explanation:
If we give the proper resource assignment to each worker at the proper time we will increase the productivity of the labor .Increasing the skills by guiding the labor to the latest technology so they know the latest or the current technology they will increase the productivity .If we enhancing the physical capital it means if we dependent on the machinery they will increase the productivity . Giving the incentive to labor at the particular interval of time we will increase the productivity.In business writing, the main idea of a written work should be located
a. At the end of the first paragraph
b. In the body of the document
At the beginning of the first paragraph
d. In the salutation of the document
C.
Please select the best answer from the choices provided
Ο Α
B
С
OD
Answer:
c
Explanation:
cccccccccccccccccccccccccc
Answer:
well i blive its c
Explanation:
Disadvantages of choosing a job that is extremely popular or in demand
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
Read more on jobs here: https://brainly.com/question/26355886
#SPJ1
mike chooses a daas arrangement for his small business because it reduces costs. why is daas less costly than the traditional alternative?
Mike chooses DaaS for his business as DaaS (desltop as a service) is less costly than traditional alternative as there is no in-house database installation, maintenance, or monitoring.
In a cloud computing service called desktop as a service (DaaS), a service provider gives end users virtualization via the Internet which are authorized on a per-user basis. For small organizations who find building its own virtualization architecture to be too costly or resource-intensive, the provider handles backend maintenance. This management often entails upkeep, data storage, backup, and upgrades. Additionally, desktop security & application management may be handled by cloud service providers, or users may handle these service aspects on their own. The foundation of DaaS (desktop as a service) is the idea that data products could be made available to users on demand, regardless of corporate or geographical barriers.
Learn more about desktop as a service (DaaS) here:
https://brainly.com/question/29382808
#SPJ4
The ledger of cullumber company contains the following balances: owner's capital $ 30,700. owner's drawings $ 1,700, service revenue $ 49,000, salaries and wages expense $ 26,500, and supplies expense $ 6,100. prepare the closing entries at december 31. (credit account titles are automatically indented when amount is entered. do not indent manually. if no entry is required select "no entry for the account titles and enter for the amounts:) date account titles and explanation debit credit dec. 31 (to close revenue account) dec. 31 (to dose expense accounts) dec. 31 (to close net income (loss)) dec. 31
Net income that needs to be reclassed to retained earnings
Date General Journal Debit Credit
Dec 31 Income Summary 16,400
Retained Earnings 16,400
Now, According to the question:
Closing journal entries are recorded at the end of an accounting period to close out the income statement accounts for the year and move the net income to retained earnings. The income statement is a companies revenue, expenses, and net income for a year and then the balances are closed out and moved to the balance sheet. An account called income summary is used for the closing journal entries. This is a temporary account. Once the revenue and expenses are moved to the income summary account and closed out to 0 then the balance in the income summary account is moved to retained earnings on the balance sheet. Retained earnings appears in the equity section of the balance sheet . To close out service revenue we must debit revenue to decrease the balance to 0 and credit income summary.
Date General Journal Debit Credit
Dec 31 Service Revenue 49,000
Income Summary 49,000
To close out the salaries expenses account and the supplies expenses account we must credit and expense account to make the balance 0 and debit income summary.
Date General Journal Debit Credit
Dec 31 Income Summary 26,500
Salary and Wages
Expenses 26,500
The difference between revenue and expenses is the net income (loss) and will be the balance in the income summary account after the closing journal entries are made. The net income needs to be moved to the retained earnings account which appears on the balance sheet.
Date General Journal Debit Credit
Dec 31 Income Summary 6,100
Supplies Expenses 6,100
$49,000 - $26,500 - $6,100 = $16,400
Net income that needs to be reclassed to retained earnings
Date General Journal Debit Credit
Dec 31 Income Summary 16,400
Retained Earnings 16,400
Learn more about Income summary at:
https://brainly.com/question/9122916
#SPJ4
brandon and jane forte file a joint tax return and decide to itemize their deductions. the fortes' income for the year consists of $120,800 in salary, $1,400 interest income, $1,900 nonqualifying dividends, and $1,900 long-term capital gains, and they have $3,400 in investment interest expense. assuming the fortes make no special elections, what is the amount of their investment interest expense deduction for the year?
To calculate the amount of the Fortes' investment interest expense deduction, we need to first determine their "net investment income," .
Which is the total of their investment income (interest income, nonqualifying dividends, and long-term capital gains) minus any investment expenses (such as the investment interest expense):
Net investment income = Interest income + Nonqualifying dividends + Long-term capital gains - Investment interest expense
Net investment income = $1,400 + $1,900 + $1,900 - $3,400
Net investment income = $2,800
The next step is to determine the Fortes' "investment interest expense deduction limit," which is the amount of investment interest expense that they can deduct in the current year. The investment interest expense deduction limit is generally equal to the amount of investment income that exceeds investment expenses, multiplied by a factor of 30%. In this case, the calculation is as follows:
Investment interest expense deduction limit = (Net investment income - Investment expenses) x 30%
Investment interest expense deduction limit = ($2,800 - $3,400) x 30%
Investment interest expense deduction limit = -$180 x 30%
Investment interest expense deduction limit = -$54 (rounded to the nearest dollar).
Learn more about investment here:
https://brainly.com/question/15353704
#SPJ11
In which situation would a savings account be the be investment to earn interest
Information related to Harwick Co. is presented below.
A. Prepare the journal entries to record these transactions on the books of Harwick Co. under a perpetual inventory system.
B. Assume that Harwick Co. paid the balance due to Botham Company on May 4 instead of April 15. Prepare the journal entry to record this payment.
1. On April 5, purchased merchandise from Botham Company for $23,000, terms 2/10, net/30, FOB shipping point.
2. On April 6, paid freight costs of $900 on merchandise purchased from Botham.
3. On April 7, purchased equipment on account for $26,000.
4. On April 8, returned damaged merchandise to Botham Company and was granted a $3,000 credit for returned merchandise.
5. On April 15, paid the amount due to Botham Company in full.
E5-2 General Journal
Date Account Titles Debit Credit
(a)
Apr. 5
6
7
8
15
(b)
May 4
Answer:
A.
April 5
Dr Merchandise inventory $23,000
Cr Accounts payable $23,000
April 6
Dr Merchandise inventory $900
Cr Cash $900
April 7
Dr Equipment $26,000
Cr Accounts payable $26,000
April 8
Dr Accounts payable $3,000
Cr Merchandise inventory $3,000
April 15
Dr Accounts payable $20,000
Cr Cash $19,600
Cr Merchandise inventory $400
B. Dr Accounts payable $20,000
Cr Cash $20,000
Explanation:
A. Preparation of the journal entries to record these transactions on the books of Harwick Co. under a perpetual inventory system.
April 5
Dr Merchandise inventory $23,000
Cr Accounts payable $23,000
April 6
Dr Merchandise inventory $900
Cr Cash $900
April 7
Dr Equipment $26,000
Cr Accounts payable $26,000
April 8
Dr Accounts payable $3,000
Cr Merchandise inventory $3,000
April 15
Dr Accounts payable $20,000
($23,000-$3,000)
Cr Cash $19,600
[$20,000*(100%-2%)]
Cr Merchandise inventory $400
($20,000-$19,600)
B. Preparation of the journal entry to record this payment Assume that Harwick Co. paid the balance due to Botham Company on May 4 instead of April 15.
May 4
Dr Accounts payable $20,000
Cr Cash $20,000
($23,000-$3,000)