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2 years ago

All of the following accounts have normal debit balances except for? cash. expenses. capital. accounts receivable.

Business

1 answer:

Firlakuza [10]2 years ago

7 0

Capital

Capital have credit balance because capital is the owner's investment in the business and its a liability for the business to pay the capital in future.

Increase will capital have credit balance and it is reported on the liabilities side of the balance sheet.

Cash , expense, accounts receivable have debit balance as it is treated as asset of the business and have debit balance.

As per the double entry system , every transaction has debit and credit. multiple accounts are affected.

The amount of capital will always equal to the the all assets less all liabilities.

In the year end , profit or loss is apportioned in the capital account.

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Planning practices are different from organization to organization. do you agree? explain

Snowcat [4.5K]

Answer:

yes I agree

Explanation:

because different organizations manufacture or provide different goods and services so it's not possible for them to have the same planning practices take for instance an organization that deals with the provision of food to refugees and an organization that deals with the manufacturing of goods these two organizations will plan differently on how to go about with there businesses.

I hope this helps

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3 years ago

If the public decides to hold more currency and fewer deposits in banks, bank reserves a. decrease and the money supply eventual

romanna [79]

If the public holds money, supply does not change, however, bank reverse will decrease, option C is correct.

<h3>What is Money Supply?</h3>

In simple terms, it can be defined as the total amount or volume of money in public or the volume of money in possession of the public.

When the bank holds a large amount of money than the public, the money in circulation will decrease.

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7 0

2 years ago

krek1111 [17]

Answer:

A shift to the right of the demand curve can be caused by any factor other than price that increases the willingless of consumers to purchase a product of service (in this case newspapers).

Two other events can result in a shift to the right of the demand curve for newspapers:

Local elections are held in Baltimore - when local elections are held, people become more interested in following local news in order to decide their vote, therefore, they are willing to purchase more newspapers.
A dramatic event occurs in Baltimore - it could be a natural disaster, a massacre, or an economic crisis, if things become too far from normal, people will want to learn about what is happening, and will look out for information in newspapers.

8 0

3 years ago

Yeâ€™ Olde Barrel Shop sells oak barrels to a local winery. The Master Cooper would like to reduce her oak lumber inventory by d

mihalych1998 [28]

Answer:

The EOQ is 642

The reorder point is 2,699

Explanation:

In order to calculate the EOQ we would have to calculate the following formila:

EOQ=√2DS/H

According to the given data we have the following:

D = 55,000

S = 21

H=40%*purchase cost

H=0.4*14 = 5.6

Therefore, EOQ=√(2*55,000*21)/5.6

EOQ=642

To calculate the reorder point If a service level of 98% is desired during the reorder interval, we would have to use the following formula:

reorder point=dL+z√σ∧2dL+σ∧2Ld∧2

reorder point=(7*205.22)+√(2.05*√(5∧2*7)+(3∧2*205.22∧2)

reorder point=2,699

7 0

4 years ago

Determine the due date and the amount of interest due at maturity on the following notes:

bekas [8.4K]

I think the answer is c. july 3rd !

6 0

2 years ago

Read 2 more answers