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solong [7]
3 years ago
12

If the effect of the credit portion of an adjusting entry is to increase the balance of a liability account, which of the follow

ing describes the effect of the debit portion of the entry?
A. increases the balance of an expense account
B. increases the balance of an asset account
C. decreases the balance of an owner's equity account
D. increases the balance of a contra asset account
Business
1 answer:
astra-53 [7]3 years ago
7 0

Answer:

A. increases the balance of an expense account

Explanation:

The following effect can be shown through an example -

If we increase the credit portion of an adjusting entry to increase the balance of a liability account, the effect of the debit portion will be an expense.

For example -

When wages expenses incurred but not paid, at that moment, a liability will increase due to that effect. The journal entry to record that transaction is -

Wages expense     Debit

Wages payable      Credit

Therefore, the adjusting entry increases the liability as well as the expenses.

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Pinkin Inc. needs to determine a price for a new phone model. Pinkin desires a 25% markup on the total cost of the phone. Pinkin
IgorLugansk [536]

Answer:

See below

Explanation:

Total costs = Product costs + Administrative costs

= ($75 × 30,000) + $85,000 - ($50 × 30,000) + $65,000 = $3,900,000

Total cost per unit =Total cost / Units expected to be sold= $3,900,000 /30,000 = $130

Markup per unit = Total cost per unit × Markup percentage = $130.00 × 25% = $32.5

4 0
3 years ago
Mobile marketing has a unique ability to empower users by connecting with them individually and continuously. This socially netw
Luba_88 [7]

Mobile marketing has a unique ability to empower users by connecting with them individually and continuously. This socially networked world will lead to connected users having more direct interactions with sellers.

What is Mobile marketing?

  • Mobile marketing is a multi-channel online marketing technique focused at reaching a specific audience on their smartphones, feature phones, tablets, or any other related devices through websites, e-mail, SMS and MMS, social media or mobile applications.
  • Mobile marketing can provide customers with time and location sensitive, personalized information that promotes goods, services, appointment reminders and ideas.
  • In a more theoretical manner, academic Andreas Kaplan defines mobile marketing as "any marketing activity conducted through a ubiquitous network to which consumers are constantly connected using a personal mobile device".
  • Mobile marketing may include promotions sent through SMS text messaging, MMS multimedia messaging, through downloaded apps using push notifications, through in-app or in-game marketing, through mobile websites, or by using a mobile device to scan QR codes.
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To learn more about mobile marketing: brainly.com/question/4232483

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7 0
1 year ago
If you were charged $1152 in taxes on a $2560 purchase. What percent tax were you charged
katen-ka-za [31]

Answer:

Percent tax = 45%

Explanation:

Given:

Amount of tax charged = $1,152

Amount of purchase = $2,560

Find:

Percent tax

Computation:

Percent tax = [Amount of tax charged / Amount of purchase]100

Percent tax = [1152 / 2560]100

Percent tax = 45%

6 0
3 years ago
If labor in mexico is less productive than labor in the united states in all areas of production:____.
Fudgin [204]

If labor in Mexico is less productive than labor in the united states in all areas of production then both Mexico and us still can benefit from trade.

Labor is the amount of physical, mental and social effort spent to produce goods and services in the economy. We provide the know-how, human resources, and services necessary to turn raw materials into finished products and services.

A business that requires more people and fewer machines is known as a labor-intensive business. The beauty, home construction, education and fashion industries are examples of labor-intensive industries.

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6 0
1 year ago
Calculate the average growth rate. (Enter your answer as a percentage, rounded to 2 decimal places, using intermediate calculati
KIM [24]

Answer:

Growth rate is 6%

Explanation:

Po = \frac{D1}{r-g}

P  = 0.3 / (0.1 - 0.06)

P =  $75

Dividend growth model is used to calculate the stock price based on the dividend growth.

6 0
2 years ago
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