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quester [9]
1 year ago
5

Expenses ______ retained earnings; therefore, to increase any expense, one would ______ the expense account.

Business
1 answer:
Liula [17]1 year ago
6 0

Expenses decreases retained earnings; therefore, to increase any expense, one would debit the expense account

What does retained earnings mean?

Retained earnings are profits retained in the business  for reinvestment and for expansion purposes, in essence, expenses would reduce the retained earnings, the higher the expenses, the lesser the retained earnings become.

From a double entry point of view, an increase in expenses would be debited to expense account and a decrease is credited instead.

Find out more retained earnings on:brainly.com/question/15175380

#SPJ1

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What are the disadvantages of using social media to evaluate candidates for a job opening? Check all that apply
leva [86]

Answer:

a. Some candidates may have little or no social media presence.

d. Social media profiles may not paint a complete picture of people.

e. Social media profiles cannot accurately predict future job performance.

Explanation:

i just got it right :)

5 0
2 years ago
Read 2 more answers
Royal Technology Company uses a job order cost system. The following data summarize the operations related to production for Mar
torisob [31]

Answer:

To Determine

Job order costing

Job order cost system provides a separate record of each particular quantity of product that passes through the factory. Each quantity that is manufactured in the business is known as job. Job order costing is used when the product produced are significantly different from each other.

To record: the journal entry to record all the summarized operations.

View image for journalized entry.

5 0
3 years ago
Hull Company’s record of transactions concerning part X for the month of April was as follows.
olga55 [171]

Answer:1. $7720  

2. $7945

3. $7758

Explanation: 1. First in First out method which means the first inventory to be purchased by company will be the first to be sold.  

Total cost of Sales   = Total number of units Sold * Total Cost of inventory sold    

                                  = 100units*$5+ 300units*$5.30+ 200units*$5.35 + 450units*$5.60

                                   =$7720

Total units sold=1450  we started from first inventory which was the balance of inventory of 100 units downwards up to the 1450th unit sold that was purchased on the 26th of April by the company.

2. Last in first out method is where the last bought inventory is sold first.

Total cost of sales= Total number of units sold * Total cost of units sold =200units$*5.80+ 600units*$5.60+ 200units*$5.35+300units*$5.30+150units*$5.1

=$7945

Total units sold still 1450 but we calculated the cost from the last purchased unit from 30th April to the 1450th unit sold which was on the 12th of April.

3. Average Cost = (Sum of all costs/Total number of costs)* total units sold

                     = (($5+$5.1+$5.3+$5.35+$5.6+$5.8)/6)* 1450

=$7769.58

4 0
3 years ago
All of the following are technical problems that the designers of MMOG must address and solve EXCEPT ____.
Katarina [22]

They are in charge of making sure the game's graphics aren't too complex for the user base.

What is game's graphics?

Throughout the history of video games, a variety of computer graphic approaches have been employed to display game content. The supremacy of specific methodologies has changed over time, mostly as a result of hardware developments and limitations such those imposed by central or graphics processing units.

Learn more about game's graphics with the help of given link:-

brainly.com/question/27112141

#SPJ4

5 0
2 years ago
Fall Co. paid $500 in freight-out charges to ship $25,000 of inventory on consignment to Rodgers Co. Rodgers printed and mailed
Aloiza [94]

Answer:

$5100

Explanation:

The cost of the inventory in $25000 and the cost of shipping it to the consignee, $500.

The cost of marketing brochures an comissions are recognized as expense and do not affect inventory.  If 80% of the inventory was sold, 20% remains, which will have a carrying value of $25,500 X 20% = $5100

6 0
2 years ago
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