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MArishka [77]
3 years ago
8

By paraphrasing, an individual is:

Business
2 answers:
natita [175]3 years ago
6 0
By paraphrasing, an individual is:
ANSWER C. Putting another person's idea into different words or context
Kipish [7]3 years ago
6 0
C. putting another person's idea into different words or context.
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For each item described: Identify the type of account (Asset, Liability, Equity, Revenue or Gain, Expense or Loss), normal balan
Juli2301 [7.4K]

Answer:

Identification of Type of Account, etc.:

Letter  Account

2.         Sales & Services  

6.    Allowance to for Doubtful Accounts  - 6. (Asset), Credit, Balance Sheet, No

1.     Office Salaries Paid  - Expense or Loss, Debit, Income Statement, Yes

Notes Payable

8.    Cash  - Asset, Debit, Balance Sheet, No

1. Sales Returns & Allowances - Expense or Loss, Debit, Income Statement, Yes

Explanation:

NB: Notes Payable are Liabilities, Credit, Balance Sheet, No.

The normal balance of Assets is debit.  Assets are stated in the balance sheet and are not closed at the end of the period.  The normal balance of Liabilities and Equity is credit.  Liabilities and Equity are stated in the balance sheet and are not closed at the end of the period.  The normal balance of Revenue or Gain is credit.  Revenue or Gain is stated in the Income Statement and is closed at the end of the period.  The normal balance of Expense or Loss is debit.  Expense or loss is closed at the end of the period.

8 0
3 years ago
In the long run a company that produces and sells kayaks incurs total costs of $15,000 when output is 30 kayaks and $20,000 when
elena55 [62]
The right answer is b 99% right

4 0
3 years ago
7. Social and emotional development can include using A. television viewing. B. flashcards. C. tablet apps. D. games.
Romashka-Z-Leto [24]
A. television viewing
7 0
3 years ago
Read 2 more answers
In a process-costing system, the cost of abnormal spoilage should be A. Included in the cost of units transferred out. B. Prorat
Olin [163]

Answer:

D. Treated as a loss in the period incurred.

Explanation:

The process-costing system is used by firms that produce goods that goes through a set of manufacturing departments i.e it's used when firms mass produce nearly identical or similar units through various processes.

Under process-costing system, direct costs of production are accumulated,  summarized, and then assigned to all the units produced during the period.

Thus, a single product cost is calculated by dividing process cost in each manufacturing department by the respective units produced during the production period.

Some organizations that use the process-costing system are oil refineries, chemical processing companies, eraser manufacturing companies, and food production companies.

In a process-costing system, the cost of abnormal spoilage should be treated as a loss in the period incurred.

The abnormal spoilage refers to the cost exceeding normal level, associated with spoiled units of a manufacturing process. It should be treated as a loss in the period incurred because it cannot be recovered

4 0
3 years ago
Looking to increase the profits of his lemonade stand, Johann doubled the price of a cup of lemonade from 25 cents to 50 cents.
hjlf

Answer:

<u>1. Johann is looking to double the profits of his lemonade stand</u>

Explanation:

Note that Johann was<em> still making m</em>oney from lemonade stand but was not content with the profits he was making that was his argument or reason for increasing the price of a cup of lemonade from 25 cents to 50 cents.

<em>Without having forsight</em> Johann's decision eventually resulted in him selling fewer cups at the new price and therefore making less money than before.

7 0
3 years ago
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