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3 years ago

Identify each account as asset (a), liability (l), or equity (e).

Business

1 answer:

posledela3 years ago

4 0

Identify each account as Asset (A), Liability (L), or Equity (E)

A. Accounts Payable - liability

B. Cash - asset

C. Owners Capital- Equity

D. Accounts Receivable- asset

E. Rent Expenses - equity

F. Service Revenue - equity

G. Office Supplies - asset

H. Owners Withdrawal - equity

I. Land -asset

J. Salaries Expenses -equity

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How are wages for a particular job determined?

Sauron [17]

Answer:

by the equilibrium between supply and demand for workers

Explanation:

Wages are the amount to pay workers for a particular job when employed. Therefore, determining the wages for a particular job is mostly dependent "on the equilibrium between supply and demand for workers, " and sometimes location.

This is because the higher the number of workers available, the lesser the employers would be willing to increase the wage level of employees given the fact that they can easily find another employee. However, where there is a lesser number of employees for a particular job, the employers would be willing to increase the employees' wages to entice them.

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3 years ago

Donna, vice president of finance, and bob, vice president of human resources, are ____ managers.

LuckyWell [14K]

They are considered to be functional managers—a functional manager is those people with authority that are given to them in a way of controlling a certain department, business or organization, in other words, they have to manage an organizational unit.

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3 years ago

Sheryl's Shipping had sales last year of $10,000. The cost of goods sold was $6,500, general and administrative expenses were $1

Tanya [424]

Answer:

(a) $1,500

(b) $650

Explanation:

Given that,

Sales last year = $10,000

cost of goods sold = $6,500

General and administrative expenses = $1,000

Interest expenses = $500

Depreciation = $1,000

Firm's tax rate = 35%

(a) Gross Profit:

= Sales last year - cost of goods sold

= $10,000 - $6,500

= $3,500

Earning Before Interest and Taxes (EBIT):

= Gross Profit - General and administrative Expenses - Depreciation

= $3,500 - $1,000 - $1,000

= $1,500

Earning after interest before taxes:

= Earning Before Interest and Taxes (EBIT) - Interest expense

= $1,500 - $500

= $1,000

(b) Net income:

= Earning after interest before taxes - Taxes

= $1,000 - (0.35 × $1,000)

= $1,000 - $350

= $650

(c)Cash Flow From operation:

= Net Income + Non Cash Expenses(Depreciation)

= $650 + $1,000

= $1,650

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3 years ago

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B. computerized pre-employment test

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3 years ago

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Give two reasons why value of norminal GDP would increase

lisov135 [29]

1. Positive economic growth means that the value of all goods and services produced in the economy increase by an unknown amount

2. growth in the amount of goods and services produced

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3 years ago

Identify each account as asset​ (a), liability​ (l), or equity​ (e).

Identify each account as asset (a), liability (l), or equity (e).