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Nina [5.8K]
3 years ago
8

Identify the accounts that would normally have balances in the credit column of a business's trial balance.

Business
1 answer:
ira [324]3 years ago
3 0
The answer is Revenues and liabilities. The lessening in liabilities is accounted for on the charge side of a diary section. Proprietor's Equity is accounted for on the monetary record. Proprietor's value accounts have typical adjusts on the credit side. Income accounts have ordinary adjusts on the credit side.
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Marigold’s Pest Control Products has the following information available: net income, $15800; cash provided by operations, $2170
tester [92]

Answer:

The Maigold's free cash flow can be calculated using the below formula:

Cash Provided by Operations-Capital expenditure-Dividends paid

Explanation:

Cash provided by operations   $21700

Capital expenditure                  ($10100)

Dividends paid                          ($3500)

Free cash flow of Maigold's     $8100

8 0
3 years ago
Mohammed works in a marketing department and is working on his Master's Degree in Marketing. His career goal is to become the ma
Zielflug [23.3K]

Answer:

(D) He should include a timeframe.

Explanation:

A concrete mapping of his goal in a timeframe is all Mohammed needs to make his goal SMART (Specific, Measurable, Achievable, Realistic, and Timely).

Since Mohammed is someone who has a strong educational and professional background regarding his goal, then the goal automatically becomes realistic and achievable. On the other hand, it is also specific, since he clearly states his desired position (he emphasizes the job of marketing department manager instead of simply stating he wants a promotion).

Since his goal is a discrete (not continuous) event, the Measurable characteristic is somewhat irrelevant.

All that is left for him to do is to state by which point in time he wants to achieve that goal (e.g. in five years' time).

6 0
3 years ago
The fundamental purpose of an organization's mission statement is to:
Maslowich

Answer:

The correct answer is letter "B": define the organization's purpose in society.

Explanation:

A company's mission reflects what is the purpose of the firms in regards to the impact with its surrounding society. It describes what product is going to be offered, what are the association's potential consumers, and in what sector of the society the firm will focus.

6 0
3 years ago
During February 2018 its first month of operations, the stockholders of Bonita Enterprises invested cash of $49500. Bonita had c
hichkok12 [17]

The balance in Cash at February 28 = $44900

<u>Explanation:</u>

Given:  

Cash invested by stockholders of Bonita Enterprises = $49500

Cash revenues of Bonita = $10100

Expenses paid by Bonita = $14700

Calculation of balance in cash as follows:

The balance in Cash at February 28 = Cash Invested + Cash Revenues - Paid Expense=$ 49,500 + $ 10100 - $ 14,700= $ 44900

Hence the correct answer is $44900

5 0
3 years ago
What is a financial institution’s decision to honor your checks even when you have exceeded your balance.
Anastaziya [24]
Overdraft Protection is a financial institution's decision to honor your checks even when you have exceeded your balance. A fee is charged to you for every overdraft.


6 0
3 years ago
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