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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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Roofing Issues. Sally agrees to roof a house for Bob. After doing his research, Bob chooses Sally based on her great reputation
expeople1 [14]

Answer:

C. Spencer will win because regardless of whether Glen was acting within the scope of his employment, Sally is liable for his negligence

Explanation:

Spencer will win the lawsuit and Sally is liable for negligence.

This is because, Sally was the person originally hired to do the roofing job.

She hired other workers to help her with the job, so she's liable to their actions and inactions.

Sally is operating under a working agreement (contract) and has already charged a fee of $10,000 so any punitive damages would be her responsibility.

Spencer was moving around and Glen threw some roofing shingles without any word of warning to people that might be in harm's way. So for Glenn's actions, Sally is liable for his negligence.

5 0
3 years ago
Suppose apples come in two quality​ levels, low quality and high quality. At a store in the​ apple-growing region, the price of​
dedylja [7]

Answer:

Yes.

Explanation:

Given that,

Price of​ low-quality apples = ​$1 per pound

Price of high-quality apples = $4 per pound

Marginal utility of low-quality apples = 3 utils

Marginal utility of high-quality apples = 12 utils

Equimarginal:

(Marginal utility of low quality apples ÷ Price per apple) = (Marginal utility of high quality apples ÷ Price per apples)

(3 utils ÷ $1) = (12 utils ÷ $4)

3 = 3

Yes, Timmy is maximizing his utility as his equimarginal utility is same for both the goods as shown above.

5 0
2 years ago
Employees are required to take vacations. 2. Any member of the sales department can approve credit sales. 3. Paul Jaggard ships
aliina [53]

Answer:

1. <em>This is an example of the practice of good human resource principles</em>

<em>2.This is an example of poor establishment of responsibilities</em>

<em>3. This is an example of lack of segregation of duties</em>

<em>4. This is an example of independent internal verification</em>

<em>5. This is an example of the practice of physical control</em>

<em />

Explanation:

1. Employees are required to take vacations.

<em>This is an example of the practice of good human resource principles</em>

<em />

2. Any member of the sales department can approve credit sales.

<em>This is an example of poor establishment of responsibilities</em>

<em />

3. Paul Jaggard ships goods to customers, bills customers, and receives payment from customers.

<em>This is an example of lack of segregation of duties</em>

<em />

4. Total cash receipts are compared to bank deposits daily by someone who has no other cash responsibilities.

<em>This is an example of independent internal verification</em>

<em />

5. Time clocks are used for recording time worked by employees.

<em>This is an example of the practice of physical control</em>

<em />

7 0
2 years ago
This marketing strategy involves marketing products that are similar to ones already on the market and are in-line with cultural
kari74 [83]

Answer:

B, Cultural congruence

Explanation:

Cultural congruence is a kind of marketing technique/strategy in which a new product with similar characteristics as with the currently existing product is marketed. This technique of marketing helps to reduce resistance as consumers see the new product as the same as the existing product.

I hope this helps.

6 0
3 years ago
One Laptop Per Child is a nonprofit initiative with the goal of making extremely low-cost laptops available to children in the d
meriva

Answer:

Reverse innovation

7 0
3 years ago
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