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3 years ago

13

In double-entry accounting, where should you record money that is leaving your company to pay bills? A. In the debits column B.

In the credits column C. In the asset column D. In the cash flow column

2 answers:

Andre45 [30]3 years ago

6 0

B. In the credits column

PtichkaEL [24]3 years ago

5 0

The Answer is B. In the credits column Hope this Helps

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What are the primary functions of a central bank?

Vesnalui [34]

Answer:

The correct answer is:

Conduct monetary policy;
Ensure that the financial system is stable;
Provide banking services to commercial banks, depository institutions, and the federal government.

Explanation:

A central bank is the apex monetary authority in a country. It plays several crucial roles in the smooth working of the economy.

A central bank issues currency on behalf of the government.
It formulates monetary policy on behalf of the government.
It acts as a banker for the government.
It acts as a banker for commercial banks.
It supervises all financial institutions.

The role of providing services to businesses and consumers is played by commercial banks. Fiscal policy is formulated by the government. The responsibility of ensuring the growth of the economy also falls with the government.

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2 years ago

Most offers can be revoked even after the offer has been accepted.<br><br> True<br><br> False

Jlenok [28]

I'm going with false. Let me know.

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3 years ago

Unilever has a subsidiary in Japan. The valuation of this MNC should

Vlad [161]

Answer: increase; appreciate.

Explanation:

A multinational firm is regarded as a firm that's located in different countries. It should be noted that the valuation of this multinational company should

rise when there's an event that causes the expected cash flows from Japan to increase and also when the currency JPY is expected to appreciate. Appreciate her simply means when there's an increase in the value of JPY.

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2 years ago

He Bradley Corporation produces a product with the following costs as of July 1, 20X1: Material $5 per unit Labor 3 per unit Ove

blsea [12.9K]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

July 1, 20X1:

Material $5 per unit

Labor $3 per unit

Overhead $1 per unit

Total cost= $9

Beginning inventory= 3,200 units.

December 1, 20X1:

Bradley Corporation produced 12,400 units.

These units had a material cost of $4, labor of $6, and overhead of $4 per unit.

Total cost= $14

A) Units sold= 16,800 units

Selling price= $13

The total inventory is= 3,200+12,400= 15,600

<u>We will assume that production levels with sales.</u>

Sales= 16,800*13= $218,400

Cost of goods sold= (3,200*9 + 13,600*14)= (219,200)

Gross profit= (800)

B) We will assume the ending inventory is 300 units:

Inventory= 300*14= $4,200

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3 years ago

An employee has enrolled in his company's nonqualified deferred compensation plan. The benefit paid at the time of the employee'

OLga [1]

Answer:

A) taxable as ordinary income to the employee and can be taken as a deduction by the employer.

Explanation:

When an employee defers to receive the compensation plan he gets the benefit of lower tax bracket each year, ultimately decreasing his tax liability.

Further when he receives the complete amount his income stands taxable. Accordingly at that time ordinary tax rates as per FICA are applicable.

On the employers part it is only deductible when the employee includes it in the income of the year, and pays tax on such compensation received.

Thus, when he receives it as compensation on retirement it is normally taxable at ordinary rates to the employee and deduction can be claimed by the employer.

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3 years ago