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3 years ago

In a general ledger, credits always go on the

Business

2 answers:

Alenkasestr [34]3 years ago

6 0

Answer:

The correct answer would be, Credit always goes on the right side.

Explanation:

General Ledger is the set of accounts that businesses keep and maintain to have a record of their financial transactions. These ledger accounts help the accountants to make the financial statements and reports of the organization. Each account contains full detail about the specific account title. For example there would be a general ledger of Cash and this ledger will record all cash related transaction, and in the end will tell you the balance of cash account.

The format to write the ledge is to make a T account, and write Debit on the left side and credit on the right side, and record the transactions.

elena-s [515]3 years ago

3 0

Answer:

And for anyone wondering, debits go one the right.

Explanation:

"In a general ledger, debits always go on the left and credits always go on the right."

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Jeff earns well and belongs to a good team, but he is quite dissatisfied with his boss and the critical remarks he receives desp

creativ13 [48]

Answer: D.) Supervision

Explanation: In an organizational setting, it is imperative to oversee, monitor, evaluate and carry out performance appraisal of workers or employees in other to access and ensure that workers carry out their fuctions as perfectly as possible based on organizational benchmark and standard. The supervisory role is usually overseen by an individual of higher position who who inturn gives a verdict or remark based on the employee's performance. In the scenario above, Jeff's lack of job satisfaction could be traced to Supervision due to the critical remark he earns despite giving best.

3 0

3 years ago

Sandstorm Corporation decides to develop a new line of paints. The project begins in 2019. Sandstorm incurs the following expens

Whitepunk [10]

Answer:

$0 and $12,750

Explanation:

To check deductions for 2019 and 2020, we need to check total expenses:

Total Expenses = $85,000 + $30,000 + $12,500

= $127,500

Since it has a 60 month deferral and amortization period, we need to check for each month. Therefore we have:

=Total expenses / 60months

= $127,500 ÷ 60 months

= $2,125

Therefore, in 2019 there's no benefit or deduction since all expenditures are made.

To get the 2020 the deduction we use:

= Monthly amortization or defferal cost * number of months

= $2,125 × 6 months

= $12,750

The 6 months is calculated assuming books are closed on December 31. It is from July 1 to December 31.

7 0

3 years ago

What is the balance between supply and demand called ?

n200080 [17]

The balance between supply and demand is known as the market equilibrium.

The supply and demand are determined through the price mechanism in a free market. Such as if the goods or services are bought more frequently then their prices will go up and vice versa.

This means that the price mechanism helps to determine what goods are to be produced. In the case where the demand for good increase will result in price go up and will ultimately result in producers supplying more of those goods.

This system of price helps to scale the point where competing demands may be weighed by the consumer or producer requirements.

However, the movement towards the price equilibrium and the resulting balance between the supply and demand is known as the market equilibrium.

Learn more on supply and demand here: brainly.com/question/4804206

5 0

3 years ago

Read 2 more answers

Franklin Corporation bought equipment on January 1st, 2022 .The equipment cost $150,000 and had an expected salvage value of $30

Dima020 [189]

Answer:

$120,000.00

Explanation:

Depreciable cost is the amount of money that can be depreciated over time from the value of an asset. It is the total book value an asset loses for being in production in its useful life. Depreciable cost is important is calculating the annual depreciation.

Depreciable cost is a result of the cost of an asset minus its expected salvage value.

In case case: $150,000- $ 30,000

=$120,000.00

Depreciable value is $120,000

8 0

3 years ago

Pittsboro Corporation produces and sells a single product. Data for that product are: Sales price per unit $590 Variable cost p

Fofino [41]

Answer:

The company will need to sale 3,883 units to maintain its current operating income of 400,000

Explanation:

We will calculate the point at which the company mantains his current income in units at the new scenario:

$\frac{Fixed\:Cost + target \: income}{Contribution \:Margin} = Break\: Even\: Point_{units}$

<u>Where:</u>

$Sales \: Revenue - Variable \: Cost = Contribution \: Margin$

625 - 190 = 435 each units contributes this amount to afford the fixed cost and make a gain.

Current income: contribution x units sold - fixed cost

(590-190) x 4,000 - 1,200,000 = 400,000

(1,200,000 + 89,000 + 400,000) / 435 = 3,882.75862 = 3,883 units

The company will need to sale 3,883 units to maintain its current operating income of 400,000

5 0

3 years ago