1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sloan [31]
4 years ago
7

When a company is using double-entry accounting, what elements of a given ledger must be equal?

Business
1 answer:
VLD [36.1K]4 years ago
5 0
<span>When a company is using double-entry accounting, the elements of a given ledger that must be equal are the debit and the credit. They should reflect the balance of the books. There should be an equal amount in the debit column and in the credit column.</span>
You might be interested in
Many cities in southeast Michigan are struggling with financial problems due to current economic conditions. At the same time, s
asambeis [7]
The best and most correct answer among the choices provided by the question is the third choice. The direct result of the problems is that <span>less city workers to plow the streets causing an increase in the number of car accidents during the winter months. </span>I hope my answer has come to your help. God bless and have a nice day ahead!
3 0
3 years ago
Break Even Analysis 1. A USB thumb drive production line will have $240,000 fixed costs variable costs per unit of $1.97. Each u
melomori [17]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Fixed costs= $240,000

Unitary variable cost= $1.97

Selling price per unit= $4.97.

First, we need to calculate the break-even point in units:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 240,000 / (4.97 - 1.97)

Break-even point in units= 80,000 units

<u>The break-even point analysis provides information regarding the number of units to be sold to cover for the fixed and variable costs.</u>

If the forecasted sales are 120,000, this means that the company will cover costs and make a profit. The margin of safety is 40,000 units.

3 0
3 years ago
Miguel is doing a research paper on new york city's stone wall riots of 1969. he visits the scene of the riots, interviews peopl
marta [7]
The answer is Case study.
7 0
3 years ago
An investment offers a total return of 11 percent over the coming year. Alex Hamilton thinks the total real return on this inves
Ahat [919]

Answer:

2.87%.

Explanation:

The total return, also refer to as Nominal return or Money return, is based on the nominal interest rate. For example, let's say that you deposited $100 into a bank account and the bank offers you an annual return of 11%. This 11% is the stated interest rate, it is known as nominal interest rate, and it is rate before taking into account the effect of inflation. When we deduct the effect of inflation from nominal rate, it gives us the real rate. Real rate reflects the Purchasing Power. The Fisher equation will be used to determine the expected inflation rate. The Fisher equation is as follows:

                                            (1 + i ) = (1 + r) * (1 + h)

where

i = Nominal (Money) rate

r = Real rate

h = Inflation rate

Simply adjust the equation to calculate the inflation rate;

⇒ h = [(1 + i) / (1 + r)] - 1

OR h = [(1 + .11) / (1 + .079)] - 1 = 2.87%.

8 0
3 years ago
Workers who are not good team members might cause ______. A. Increased quality b. Reduced management c. Increased self-esteem d.
adoni [48]

From the given choices for the question, the best answer would be (C) reduced productivity.

When there is a worker who isn’t a good team member in a group, the productivity of the entire group would be decreased. For example, if the worker doesn’t contribute his or her share of work, that would impact the group’s work tempo in completing the assigned goal.

7 0
4 years ago
Read 2 more answers
Other questions:
  • The debt has an interest rate of 8.50% (short term) and 10.50% (long term). The expected rate of return on the company's shares
    11·1 answer
  • Suppose you are a salesperson for an office supply company. one of your customers left you a message indicating that they were u
    8·1 answer
  • It ONLY makes sense to implement an ABC system when: A. ABC provides information to make better decisions. B. Its benefits excee
    11·1 answer
  • According to Colorado Real Estate License Law, how long is an agent responsible for maintaining client confidentiality?
    14·1 answer
  • On December 31 of the current year, Jerome Company has an accounts receivable balance of $329,000 before any year-end adjustment
    12·1 answer
  • The Two Sisters has a return on assets of 9 percent and a dividend payout ratio of 75 percent. What is the internal growth rate
    7·1 answer
  • Kelly Slater owns a parcel of land in Palm Springs and is considering two possible development options which both use his signat
    9·1 answer
  • Speaking effectively, writing concisely, and listening attentively are all examples of the transferable skill of
    8·2 answers
  • Question 5 of 10
    14·2 answers
  • a municipal finance professional wants to make a political contribution to a candidate for mayor in the town that she resides in
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!