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PIT_PIT [208]
4 years ago
7

In alphabetical order below are balance sheet items for Karol Company at December 31, 2017.

Business
1 answer:
algol [13]4 years ago
3 0

Answer:

               Karol Company

Balance Sheet as at December 31, 2017

                                             $

Assets

Current Assets

Cash                                 22,000

Accounts receivable      <u> 71,000   </u>

Total Assets                    <u>93,000 </u>

Equity and Liability

Equity

Common stock                18,000

Retained earnings           <u>10,000</u>

Total Equity                      28,000

Liabilities

Current Liabilities

Accounts payable            <u>65,000</u>

Total Equity & Liabilities<u> 93,000</u>

Explanation:

Balance sheet is the actual presentation of accounting equation which determines that All the asset is equal to the sum of equity and liabilities. It means all the asset made in the company are financed either by equity or liabilities. There are two section in the balance sheet:

Assets section, which accumulates all the assets account balance and their contra accounts as well.

Equity and Liabilities section, which sum up all the account balances of equity and liabilities accounts.

Total of Assets and The total of Equity and Liabilities must be equal.

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9. Study Question #9 Ch 7. Evaluate the following statement describing the strategy that East Asia used from the 1970s to the 19
horsena [70]

Answer:

East Asia's accomplishment in accomplishing a high development rate is a miracle.The example of overcoming adversity centers around outside trade,savings of government and above all in teaching young men and young ladies so that by accomplishing high education level they can accomplish high financial growth.East Asia likewise have a high PPP(Purchasing Power Parity)which helped them to accomplish high growth.Countries like China and Japan are putting more in colleges.  

Fare - situated methodology assumes a significant job being developed of East Asia.Many nations like Japan,Taiwan,China moved to send out polocies to cultivate high econmic growth.Of course,open exchange will be a significant development driven motor and the creating nations will considered it as a most significant weapon in accomplishing growth.Thus,industrialisation is a significant rebound for East Asia to accomplish high financial development.  

Therefore,industralisation,openness to trade,educational accomplishment and import-send out approaches helped East Asia to accomplish high econmic development.  

(b)We know the idea of 'theory of unavoidable losses or Total Factor Productivity.It states that at one point including one extra factor of creation brings about a lessening increment in output.For example,if we utilize laborers to fabricate an item then at a specific level the creation is steady and by utilizing more,the yield decreases.So we can say that the given articulation is valid.  

TFP is a significant factor for high development rate.East Asian nations have accomplished a high growth.Most of this is from factor accumulation.East Asia TFP can't and along these lines the nations lost their normal development achievement.High monetary development brings about low TFP.

8 0
4 years ago
Accompanying the bank statement was a credit memo for a short-term note collected by the bank for the customer. What entry is re
Reika [66]

The entry is required in the company's accounts debit cash ;Credit notes receivable and interest revenue.

If a business frequently trades in goods or services for notes, it would likely add a debit column for notes receivable to the sales book so that the general journal would not need to be used to record these transactions. It is also possible to build a separate subsidiary ledger for notes payable. A corporation should create a separate provision for bad debts account specifically for notes receivable if the quantity of notes receivable is substantial.

A note is considered to be honored when the maker pays it in accordance with the terms written down on it.

Learn more about Banking here

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7 0
2 years ago
Percentage returns:
weeeeeb [17]

Answer:

I. easily convey the return for each dollar invested.

Explanation:

Percentage of returns is used to explain the return on an investment relative to the amount invested.

It can also be called a return on investment (ROI). Return on investements is always expressed as percentages or ration and is usually calculated with formula

​ROI  =   <u> Current Value of Investment−Cost of Investment​</u>       ×     100%

                                Cost of Investment

Cheers.

7 0
4 years ago
A company that manufacturers locomotives is likely to use which layout in its manufacturing​ process?
tekilochka [14]
Plant layout is important for any manufacturing company. It refers to a planned design for the arrangement of all the physical facilities that might be required in the manufacturing process of any product. The physical facilities such as equipments, tools should be arranged in such a way that these are easily available and flow of raw materials take place in the quickest and lowest rates.

A company for the manufacture of locomotives is likely to use Fixed Position Layout in its manufacturing process. In fixed position layout the product which is being produced is fixed at one loaction.
3 0
3 years ago
Read 2 more answers
Question 2 of 5
patriot [66]

Answer:

A

Explanation:

to ensure that you pay at least the minimum amount by the due date.

8 0
3 years ago
Read 2 more answers
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