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shutvik [7]
3 years ago
6

As described in a recent annual report, Verizon Communications provides wireless voice and data services across one of the most

extensive wireless networks in the United States. Verizon now serves more than 100 million customers, making it the largest wireless service provider in the United States in terms of the total number of customers. The following are accounts from a recent balance sheet for Verizon:
a. Accounts Receivable
b. Retained Earnings
c. Taxes Payable
d. Prepaid Expense
e. Common Stock
f. Long- Term Investments
g. Rant, and Equipment
h. Accounts payable
i. Short-Term Investments
j. Long-Term Debit

Required:
For each account, indicate whether the account is usually classified as a current asset (CA), noncurrent asset (NCA), current liability (CL), noncurrent liability (NCL), or stockholders' equity (SE), and whether the account usually has a debit or credit balance.
Business
1 answer:
masya89 [10]3 years ago
3 0

Answer:

                                            Balance Sheet     Debit or Credit  

                                              Classification          Balance

a. Accounts Receivable       Current asset                Debit

b. Retained Earnings           Stockholders' equity     Credit

c. Taxes Payable                  Current liability             Credit

d. Prepaid Expense              Current asset                Debit

e. Common Stock                 Stockholders' equity    Credit

f. Long- Term Investments   Non-current asset        Debit

g. Rant, and Equipment        Non-current asset        Debit

h. Accounts payable             Current liability             Credit

i. Short-Term Investments    Current asset                Debit

j. Long-Term Debit               Non-current liability      Credit

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Viktor [21]

Answer:

c. $14,000 increase

hope it helps

mark me as brainloeast

5 0
3 years ago
1+1<br><br> \ROAST BACK TIMES GOOOOOO GOOOOOOO GOOOOOOO
Anna71 [15]
The answer is 3 most definitely three lol 1+1=3 yup you bet lol
7 0
3 years ago
Read 2 more answers
Hermansen Corporation produces large commercial doors for warehouses and other facilities. In the most recent month, the company
timurjin [86]

Answer:

Variable overhead efficiency variance =  $2,212unfavorable

Explanation:

variable overhead efficiency variance: Variable overhead efficiency variance aims to determine whether or not their exist savings or extra cost incurred on variable overhead as a result of workers being faster or slower that expected.

Since the variable overhead is charged using labour hours, any amount by which the actual labour hours differ from the standard allowable hours would result in a variance  

                                                                                       Hours

5,400 units should have taken (5,400×3.8 hours)   20,520

but did take                                                                <u> 20,800</u>

Labour hours variance                                                280 unfavorable

Standard variable overhead rate                         ×     <u>$ 7.90</u> per hour

Variable overhead efficiency variance                     $2,212  unfavorable

Variable overhead efficiency variance =  $2,212unfavorable

8 0
3 years ago
Henry Hutchins is discontent with his job but believes that his supervisor is a good man who will do whatever is necessary to re
insens350 [35]

Answer: (A) Loyalty

Explanation:

 According to the given scenario, Henry hutchins is dissatisfied with his job but he believes to the supervisor of the company that he helps in reducing the stress and disappointment from the job.

The Henry repose to the given problem is refers as the loyalty as he shows faith to his supervisor and also shows the loyalty that he helps in improve the conditions of his job.

The loyalty is the term that shows the positive, reliable and the trust quality of the person that the one person devoted to other.

 Therefore, Option (A) is correct answer.

5 0
2 years ago
The All-Mine Corporation is deciding whether to invest in a new one-year project. The project would have to be financed by equit
Lerok [7]

A. NPV of the project

NPV = -2000 + 2500/(1.15) = $173.91

B. Value of the firm and its debt and equity components before and after the project addition.

Determine expected cash flows before the project.

($3,000 + $3,000 + $1,000)/3)/1.15 = $2,333.33/1.15 = $2,028.99

($1,500 + $0 + $0)/3)/1.15 = $500/1.15=$434.78

Determine value with project.

($3,000 + $3,000 + $3,000)/3)/1.15 =$3,000/1.15 = $2,608.70

($4,000 + $2,500 + $500)/3)/1.15 = $2,333.33/1.15=$2,028.99

C. The company should not take the project because the NPV does not go to equity but to bond holders.

5 0
3 years ago
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