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True [87]
3 years ago
8

2.1: A debit is A : a decrease to an account. B : an entry on the left side of an account. C : an entry on the right side of an

account. D : an increase to an account.
Business
1 answer:
Luba_88 [7]3 years ago
7 0

Answer:

B : an entry on the left side of an account.

Explanation:

There are two terms i.e debit and credit.  

The accounts that reported as an expense, losses, assets are recorded in the left-hand side of an account as it contains the debit balance.

While the account reported as a revenue, gains, liabilities & stockholder equity are recorded in the right-hand side of an account as it contains the credit balance.

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Last year, Cayman Corporation had sales of $7,000,000, total variable costs of $3,000,000, and total fixed costs of $1,500,000.
UNO [17]

Answer:

b. 13.9%

Explanation:

sales                   7,000,000

variable cost   <u>  (3,000,000)  </u>

contribution       4,000,000

fixed cost           (1,500,000)

interest              <u>   (480,000)  </u>

EBT                     2,020,000

tax expense          (707,000)

net income           1,313,000

contribution margin 4,000,000 / 7,000,000 = 4/7

if sales increase by 7%:

7,000,000 x 0.07 x 4/7 x (1- 0.35) = 182,000

income after increase in sales: 1,313,000 + 182,000 = 1,495,000

increase in earnings: 1,495,000 / 1,313,000 - 1 = 0.138613861 = 13.9%

3 0
3 years ago
While stockholders elect the board of directors of a corporation, the board of hires the president, vice president and other off
klemol [59]

The answer is directors.

<h3>What entity elects the board of directors for a corporation?</h3>
  • The corporation's stockholders elect its board of directors, but they play no other direct role in how the company is run. The board makes the important company decisions of directors.
  • The president of a corporation is chosen directly by its stockholders.
  • In addition to their duty as members of the board of directors, the officers are charged with particular duties. President As the company's chief executive officer, the president, is responsible for the following duties: Preside over board meetings. Served as the executive committee's chairman.
  • The promotion of the organization's work and the recruitment of resources to support its programs and services are some of the duties of board members.

While stockholders elect the board of directors of a corporation, the board of hires the president, vice president and other officers, who manage the corporation.

The answer is directors.

To learn more about The board of directors of a corporation, refer to:

brainly.com/question/21121907

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5 0
1 year ago
Given the acquisition cost of product z is $30, the net realizable value for product z is $27, the normal profit for product z i
vitfil [10]
Lcm requires to value inventory at the lower of acquisition cost or net realizable value.

Net realizable value = $27 - $1 = $26
Cost = $30

Therefore, it would be valued at $26
5 0
3 years ago
When the economy is at full employment,
satela [25.4K]

Answer:

The correct answer is (D)

Explanation:

Actual adjusted budget and cyclically adjusted budget are critical to obtain full employment in the economy. Although, it is quite difficult to achieve full employment rate, but if an economy achieves it, the actual budget is can be equal to cyclically adjusted budget. This means, an economy’s expenditures are exactly equal to spending. It can only be achieved when an economy's GDP is at full potential.

4 0
3 years ago
flattened organizational structures require more open communication but transparent communication can lead to complications if m
forsale [732]

A flat organization structure has less layers of management between workers and top management. It requires more open communication but transparent communication can lead to complications if management is not well trained.

A flat organization structure means that there are few tiers of management between the lowest-level employees and the top executives. The lack of middle managers gives workers additional power, including the ability to make decisions. The authority, control, and reporting structures for employees are determined by the organizational structure of a corporation.

Your internal communications are more rapid, simple, and less prone to errors or misunderstandings. Larger and taller structures make communication challenging since final decisions must pass through more levels of management. Your business can respond to changes more quickly and waste less time on inefficient communications if it has a flat organization structure.

To know more about flat organization structure refer:

brainly.com/question/3084497

#SPJ4

4 0
1 year ago
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