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Varvara68 [4.7K]
3 years ago
11

When reconciling a 6 column worksheet for a closing - after totaling up the debits and credits, the closing agent needed to add

a $30,000 Debit to the Seller Debit column to make it equal to the Seller Credit column. What does this Seller Debit represent?
Business
1 answer:
enyata [817]3 years ago
5 0

Answer:

A $30,000 payment the seller will receive from this closing.

Explanation:

The debit column represents the money the seller is receiving from this sale (seller's proceeds).

All the debit's correspond to money received by the seller (e.g. earnest money), while the credits correspond to payments carried out by the seller (e.g. any fees paid by the seller).

So if there is some amount that need to be debited at the end, it can only be money that the seller should receive.

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Sheffield Corp. produces three versions of baseball bats: wood, aluminum, and hard rubber. A condensed segmented income statemen
nekit [7.7K]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Sales=$775000

Variable expenses= 523000

Contribution margin= 252000

Fixed expenses= 132000

Net income= $120000

Hard Rubber:

Sales=$65000

Variable expenses=58000

Contribution margin= 7000

Fixed expenses= 22000

Net income= -15000

New net income= 120,000 + 15,000 - 22,000= 113,000

6 0
3 years ago
What is the purpose of a free-market system?
Nady [450]

Answer:

<em>D. To allow consumers and producers to make their </em>

<em>own decisions</em>

Explanation:

A <em>free-market system</em> is the market form determined by free market forces of demand and supply.

No government intervention takes place in this form of market as in a centrally planned economic system. This non- intervention of the government prevents <em>economic distortions</em> in the system, which is good for the market.

In a <em>free market system</em> the forces of demand and supply, decide the price of the goods and thereby the output adjustments. The consumers are free to decide the demand and producers are free to decide the product the supply of goods.

Hence, it can be said that <em>the purpose of a free-market system is to allow consumers and producers to make their own decisions.</em>

6 0
3 years ago
Read 2 more answers
5. What kind of culture does the organization have? What are the values and norms? What effect does the organizational culture h
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The correct answer to this open question is the following.

Although the question is incomplete because it does not provide the name of the organization or any other reference, we can comment on the following.

The kind of culture that the organization should have is one that fosters diversity, openness, respect, values, and tolerance. The values and norms are so important because they are the standard of conduct that has to be instilled in the organization so people can know what to expect under different circumstances.

The effect the organizational culture has on the way employees behave or treat customers is a guideline based on values, traditions, conducts, and norms, that establish the foundation and the standard of performance that makes the organization unique. This way consumers will always prefer this organization for the kind of customer service it has and the way employees make clients feel special.

5 0
3 years ago
Along a given downward-sloping demand curve, an increase in the price of a good will: have no effect on consumer surplus. increa
tensa zangetsu [6.8K]
The answer to this question is the last item in the choices which is "decrease consumer surplus". Thus, we have it like along a given downward-sloping demand curve, an increase in the price of a good will also result to decrease consumer surplus. Also, when decrease consumer surplus is happening it will effect also to increase producer surplus.
8 0
3 years ago
__________ are inputs used by organizations. Group of answer choices Raw materials Trademarks Incentives Contingencies Esprit de
asambeis [7]

Raw materials are inputs used by organizations

<h3>What are raw materials?</h3>

They are some of the inputs used to produce an output or products in an organization.

They are products are required by company ] to generate a profit by selling.

Therefore, Raw materials are inputs used by organizations

Learn more on raw materials from

brainly.com/question/511243

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