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2 years ago

What is debit? And what is credit?

1 answer:

5 0

What exactly are debits and credits? In a nutshell, debits (dr) record all money that flows into an account, while credits (cr) record all money that flows out of an account.

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To reduce waste of raw materials, the government of Sperland is considering requiring household appliances to be broken down for

Alekssandra [29.7K]

Answer:

The correct answer is A.

Explanation:

According to the previous argument, imposing the rate at the time of recovery would reduce waste more effectively, as consumers tend to keep old appliances for longer if they face a fee for disposal. So, what Sperland would be causing is for consumers to look for different alternatives to avoid incurring such expenses.

7 0

3 years ago

Selected condensed data taken from a recent balance sheet of Heidebrecht Inc. are as follows. HEIDEBRECHT INC. Balance Sheet (pa

Anuta_ua [19.1K]

Answer:

Explanation:

Working Capital:

Working Capital represents the capital available to an organisation to run its day to day expenses.

Formula= Current Assets-Current Liabilities

Total Current Assets= $45,210,000

Total Current Liabilities= $40,020,000

Working Capital= 45,210,000-40,020,000= $‭5,190,000‬

Current Ratio

This measures an organisation's ability to meet its financial obligations due within a year

Formula= Current Assets÷ Current Liablities

= 45,210,000÷40,020,000

= 1:13

Acid-test Ratio

The acid-test ratio is also known as the Quick Ratio. It represents a company's measure of liquidity and it indicates the company's ability to cover its short-term liabilities through its short-term Liquid (easily converted to cash) Assets.

Formula: (Current Asset-Inventory-Other Current Assets)÷ Current Liabilities

Current Asset- Inventory= 45,210,000-14,570,000-5,430,000= ‭25,210,000‬‬

Acid-test Ratio= ‭25,210,000‬÷ 40,020,000=0.63

Note: Other Current Assets were also deducted because we cannot easily decide whether they can be quickly or easily converted to cash or not.

7 0

3 years ago

The Chris Beehner Company manufactures two lines of designer yard gates, called model A and model B. Every gate requires blendin

Softa [21]

Answer:

producing 200 units of Model A would be the best of the 25,000 lbs of steel and 4,000 zinc available

With a profit of 200 units x $90 each = 18,000 dollars

Explanation:

Model A contribution:

90 / 125 = 0.72

90 / 20 = 4.5

Model B contribution:

70/ 100 = 0.7

70/ 30 = 2.33

As model B generates lower contribution for both scarse resources is not convinient to produced altogether.

It should produce Model A as much as it can and only fill with Model B if needed

25,000 lbs of steel / 125 per Model A = 200 units of A

200 units of A x 20 lbs of zinc each = 4,000 lbs of zinc

producing 200 units of Model A would be the best of the 25,000 lbs of steel and 4,000 zinc available

5 0

3 years ago

Which form of investment has the most amount of risk involved? 1. savings account

BlackZzzverrR [31]

Out of the following choices, the form of an investment that has the most amount of risk involved is a mutual fund. The answer will be 3.

8 0

4 years ago

Read 2 more answers

Company collected the following data regarding production of one of its products. Compute the total direct materials cost varian

Xelga [282]

Answer:

The total direct materials cost variance is $3,790 favorable

Explanation:

The computation of the total direct materials cost variance is shown below:

Total direct materials cost variance = Actual cost - standard cost

where,

Actual cost is $267,790

And, the standard cost = Actual finished units produced × Direct materials standard

= 22,000 × $12

= $264,000

Now put these values to the above formula

So, the value would equal to

= $267,790 - $264,000

= $3,790 favorable

6 0

3 years ago

What is debit? And what is credit?​

What is debit? And what is credit?