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cluponka [151]
3 years ago
10

Which of the following is true about a "credit"?a) It is part of the double-entry procedure that keeps the accounting equation i

n balance. b) It represents a decrease to assets. c) It represents an increase to liabilities. d) It is on the right side of a T-account.
Business
1 answer:
Sav [38]3 years ago
6 0

Answer:

All of them.

Explanation:

Accounting systems are designed to show the increases and decreases in each financial statement item as a separate record. This record is called an account. In the T account, the debit is on the left and the credit is on the right.

The equity for credits and debits for each transaction is build into the accounting equation: assets = liabilities + equity. Because of this doble equality, this system is called double entry accounting system.

In balance sheet accounts:

-asset accounts debit for increases and credit for decreases.

-liability accounts debit for decreases and credit for increases.

-equity accounts debit for decreases and credit for increases.

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the future value is $1.08

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The computation of the future value is shown below:

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What does the quantity theory speculate about the cause of inflation?
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Read 2 more answers
Production Volume4,000 Units5,000 UnitsDirect Materials$85.80 per unit$85.80 per unitDirect Labor$56.10 per unit$56.10 per unitM
guapka [62]

Answer:

4300 units would cost  $ 898461 or $ 208.9 ≅ $ 209 per unit

Explanation:

Production Volume                   4,000 Units       5,000 Units

Direct Materials                 $85.80 per unit        $85.80 per unit

Direct Labor                     $56.10 per unit             $56.10 per unit

Manufacturing overhead   $73.60 per unit           $62.10 per unit

Total Manufacturing Costs   $ 215.5 per unit         $ 203.7 per unit

The best estimate of the total cost to manufacture 4,300

4000 units at $ 215.5 = $ 862,000

5000 units at $ 203.7= $1018500

9000 units would Cost = $ 862,000+$1018500= $ 1880500

We have taken the total of the two costs and then divided with the number of 9000 units to get an average price as the fixed costs are decreasing as the number of units increase from 4000 to 5000.

4300 units would cost = $ 1880500/ 9000 * 4300= $ 898461 or $ 208.9 ≅

$ 209 per unit

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