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1 year ago

True or false: a contra-asset account, such as accumulated depreciation, will have a normal debit balance.

Business

1 answer:

sergey [27]1 year ago

7 0

a contra-asset account, such as accumulated depreciation, will have a normal debit balance.

This problem is false statement.

What is accumulated depreciation?

Any collection of activities and procedures utilized during the manufacture of any items constitutes a manufacturing system. Businesses have evolved a number of diverse systems and procedures over time, but they have grown in significance as a component of any production environment.

Therefore,

This problem is false statement.

To learn more about accumulated depreciation from the given link:

brainly.com/question/1287985

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Suppose the elasticity of demand for your parking lot spaces, which are located in a downtown business district, is –1.8, and th

LekaFEV [45]

Answer:

ELASTIC

DECREASING PRICE

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.

The demand for your parking lot spaces is elastic. if the price of parking is reduced, the demand for parking would rise

4 0

3 years ago

Frolic Corporation has budgeted sales and production over the next quarter as follows: July August September Sales in units 46,5

Digiron [165]

Answer:

61,500 units

Explanation:

July August September

budgeted sales 46,500 58,500 <u> </u><u>61,500</u>

budgeted production 47,050 58,800 63,150

beginning inventory 5,300 5,850 6,150

ending inventory 5,850 6,150 7,800

ending inventory August = beginning inventory + budgeted production - budgeted sales = 5,850 + 58,800 - 58,500 = 6,150

units sold during September = beginning inventory + budgeted production - ending inventory = 6,150 + 63,150 - 7,800 = 61,500

8 0

3 years ago

Amsted, Inc. is considering a project that will increase revenues by $2.5 million, cash operating expenses by $700,000, and depr

sergij07 [2.7K]

Answer:

incremental after tax cash flow for 2011: $1,145,000

Explanation:

Additional revenue $2,500,000

Cash operating expenses ($700,000)

Depreciation and amortization expenses ($300,000)

<u>Reduced inventories ($200,000)</u>

Pretax income $1,300,000

<u>Less taxes 35% ($455,000)</u>

Net income $845,000

<u>Add Depreciation and amort. expenses $300,000</u>

Free cash flow $1,145,000

5 0

3 years ago

Run-of-the-Mills provides your marketing firm with the following data: When the price of penguin patties decreases by 20%, the q

aalyn [17]

Answer:

Penguin patties and kipples should be advertise together.

Explanation:

The cross-price elasticity formula is:

CPE= % Δq of good A/ %Δp of good B

The CPE of penguin patties and raskels is:

CPE= -22%/-20%

CPE= 1.1

If the CPE is positive, then both goods are substitutes, which means that an increase in price of on good will affect positively the quantity demanded for the other good.

The CPE of penguin patties and kipples:

CPE= 7%/-20%

CPE=-0.35

If the CPE is negative, then both goods are complementary, which means that an increase in price of one good will affect negatively de quantity demanded for the other good.

You should advertise complementary goods together because both could be positively benefited by advertising. If the demand for good A increases, it is probable that the demand for good B increases too. If you advertise substitute goods, people will always prefer one, then the advertising will only be effective for one of the good but not for both.

6 0

3 years ago

1. This is the credit report for how many people?

Tanya [424]

Based on the focus of the report, the credit report is for <u>A. 1 person.</u> The length of time that Lille took the mortgage is<u> c. 30 years </u>and the accounts opened were b. One mortgage and one credit card.

<h3>What does a credit report show?</h3><h3 />

A credit report shows how risky it is to lend money to a person. The credit report in question is that of Lille so it is for one person.

She most likely took out a mortgage of 30 years as the other options are either too long or too short. Standard accounts to open would be a single mortgage account, and a credit card account.

There is no given information to continue the rest of the question.

Find out more on credit reports at brainly.com/question/9913263.

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6 0

2 years ago