1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lyudmila [28]
4 years ago
12

The double-entry system requires that each transaction must be recorded a. in two sets of books. b. in a journal and in a ledger

c. in at least two different accounts. d. first as a revenue and then as an expense. 11. An accountant has debited an asset account for $1,500 and credited a liability What can be done to complete the recording of the transaction? a. Credit another asset account for S700. b. Credit another liability account for $800. c. Dredit an equity accont for $700. d. Dredit an equity accont for $800. account for $700.
Business
1 answer:
iragen [17]4 years ago
8 0

Answer:

Credit an equity account for $800

Explanation:

We assume that the accountant has debited an asset account for $1,500 and credited a liability account for $700 so we have to credit the equity account for $800 to balance the accounting equation

In every balance sheet, the accounting equation has used that means

Total assets = Total liabilities + Shareholder equity

In mathematically,  

$1,500 = $700 + $800

$1,500 = $1,500

Balanced both sides of the balance sheet.

You might be interested in
Heartsong LLC is a designer and manufacturer of replacement heart valves based in Peoria, Illinois. While it is a relatively sma
zhannawk [14.2K]

Answer:

Explanation:

Competitive advantages are those factor that put a manufacturer in a better position over rivals in the market and gives her the benefit of higher pricing and brand loyalty.

In this scenario , the competitive advantage that Heartsong has in the industry is her world wide reputation as a provider of choice for high-quality leading -edge artificial heart valves.

However, she has fund limitation to enhance research and development , larger production and maintain additional inventory as demanded by the market . The sales on account pattern as vendors are not paid immediately and short lead time for ordering due to the nature of the heart valve was not helping the situation.

The outsourcing arrangement to Edfex will ease the stress on delivery as it has hightech warehouses in most major population centers around the country. The focus will now be on research and development and increased production capacity.

4 0
3 years ago
Assume that the risk-free rate is 6% and the market risk premium is 5%. Given this information, which of the following statement
lana [24]

Answer:

d. An index fund with beta = 1.0 should have a required return of 11%.

Explanation:

required rate of return for a market indexed portfolio = 6% + (1 x 5%) = 11%

If the required rate of return is less than 11%, the beta is lower than 1.

If the required rate of return is more than 11%, the beta is larger than 1.

If beta doubles, then the required rate of return = 6% x (2 x 5%) = 16%

3 0
3 years ago
Cork Inc. declared a $160,000 cash dividend. It currently has 6,000 shares of 7%, $100 par value cumulative preferred stock outs
Ira Lisetskai [31]

Answer:

$124,000 is the correct answer if we use 6% which is the correct question scenario. If we take 7% then its

Explanation:

The cash dividend announced is $160,000. Remember the first payment goes to preferred shareholders and then the amount left would be distributed among the ordinary shareholders.

The dividend share of Preferred shareholders = 6000 shares * $100 par value * 6% fixed rate = $36,000

After deducting this amount from the dividend announce will go to ordinary shareholders and is calculated as under:

Share of Dividend of ordinary shareholders = $160,000 - $36,000

= $124,000

Similarly if we use 7% fixed rate, then

The dividend share of Preferred shareholders = 6000 shares * $100 par value * 7% fixed rate = $42,000

After deducting this amount from the dividend announce will go to ordinary shareholders and is calculated as under:

Share of Dividend of ordinary shareholders = $160,000 - $42,000

= $124,000

5 0
3 years ago
Although most international business is conducted in English, levels of comprehension can vary. How can you enhance your oral co
Arturiano [62]

The following from the given are the ways that would enhance the oral communication skills internationally,

  • Option A: Follow up in writing.
  • Option B:  Accept blame.
  • Option E: Encourage accurate feedback.
  • Option F: Smile when appropriate.

<u>Explanation:</u>

Oral communication can be said as the most easiest and fast way of conveying the message or the information. It is more important to develop the oral communication skills for each and every individual.

The following are some of the steps to upgrade the level of language and communicating ability internationally,

Listen - Keep listening whenever the other person speaks.

Accept the mistakes - This will help in rectifying the errors.

Body language - It is not only the words but the gestures of the individual speaks too. So, try to be more appealing when it comes to body language.

Watch your tone - Maintain the right tone in the right place.

6 0
4 years ago
Financial Statement Analysis Portfolio
Inga [223]
When ended hebebsvdudje eheiwuehsbsheisshsuhsbsjssis
4 0
3 years ago
Other questions:
  • Which of the following statements applies to media planning? a. The location of the advertising target is irrelevant in media pl
    14·1 answer
  • Ersatz kreme will sell its filling to hunky donuts only if hunky donuts agrees not to buy filling from other suppliers. this is
    6·1 answer
  • A 3-year bond with 10% coupon rate and $1000 face value yields 8%. Assuming annual coupon payment, calculate the price of the bo
    14·1 answer
  • In the context of the customer-focused dimension of a global matrix, the _____ structure supplies customers in a coordinated and
    7·1 answer
  • A private university charges the same tuition for both in-state and out-of-state students, and it notices that in-state and out-
    10·1 answer
  • Farmer Ted sells winter wheat in a perfectly competitive market. The market price for a bushel of winter wheat is $9. Ted has tw
    5·1 answer
  • Which of the following are assumptions of perfect competition? Group of answer choices The products are identical. consumers hav
    10·1 answer
  • On September 30, 2021, the San Fillipo Corporation issued 8% stated rate bonds with a face amount of $180 million. The bonds mat
    5·1 answer
  • Nathalie is willing to apply for a car loan. She is 18 years old, still lives at home with her parents and has a part-time job d
    13·1 answer
  • Lorenzo is considering starting a trucking company either in texas or oklahoma. he will relocate his family, which includes his
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!