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
beks73 [17]
3 years ago
12

Growler Commercial Cleaning Company collects $1,000 deposit associated with the rental of industrialcleaning equipment. The depo

sit is refundable upon return of the equipment. When the customerreturns the cleaning equipment, Growler should debit the liability – refundable deposits.
Business
1 answer:
Elza [17]3 years ago
5 0

Answer: (d) liability - refundable deposits.

Explanation:

The refundable deposit of $1,000 was a liability because Growler owed it to the customer and were simply holding it for when the customer returned the equipment.

Upon receipt of the deposit, they credited the Refundable deposits accounts which is a liability account. Now that the customer has returned the cleaning equipment and the deposit is to be refunded to the customer, Growler should now debit the Refundable deposits account to cancel out the liability.

You might be interested in
Crane Company has the following sales data: August September October November December Cash Sales $4000 $5000 $6000 $7000 $16000
umka21 [38]

Answer:

<em>Collections for September is $ 57,100</em>

Explanation:

Computation of cash receipts for September

Collections from cash sales of September                                       $   5,000

Collections from credit sales of August - 57 % of $ 50,000           $  28,500

Collections from credit sales of September 40 % of $ 59,001       <u>$  23,600 </u>  

Total collections for September                                                        $  57,100

5 0
3 years ago
What is operating leverage, and how does it affect a firm's business risk?a. Show the operating break-even point if a company ha
raketka [301]

Answer:

$10

Explanation:

cause 1f

6 0
3 years ago
Ghost, Inc., has no debt outstanding and a total market value of $240,000. Earnings before interest and taxes, EBIT, are project
Elina [12.6K]

Answer:

a-1. We have:

Recession EPS = $1.49

Normal EPS = $2.13

Expansion EPS = $2.45

a-2. We have:

Recession percentage change in EPS = -30.00%

Expansion percentage change in EPS = 15.00%

b-1. We have:

Recession EPS = $1.12

Normal EPS = $1.76

Expansion EPS = $2.08

b-2. We have:

Recession percentage change in EPS = -36.36%

Expansion percentage change in EPS = 18.18%

Explanation:

Note: See the attached excel file for the calculations of the EPS and the percentage changes in EPS.

From the attached excel file, we have:

a-1. Calculate earnings per share (EPS) under each of the three economic scenarios before any debt is issued.

Recession EPS = $1.49

Normal EPS = $2.13

Expansion EPS = $2.45

a-2. Calculate the percentage changes in EPS when the economy expands or enters a recession.

Recession percentage change in EPS = -30.00%

Expansion percentage change in EPS = 15.00%

b-1. Calculate earnings per share (EPS) under each of the three economic scenarios assuming the company goes through with recapitalization.

Recession EPS = $1.12

Normal EPS = $1.76

Expansion EPS = $2.08

b-2. Given the recapitalization, calculate the percentage changes in EPS when the economy expands or enters a recession.

Recession percentage change in EPS = -36.36%

Expansion percentage change in EPS = 18.18%

Download xlsx
3 0
3 years ago
Which is an Internet service<br><br> A. Antivirus <br> B. Chat<br> C. Firewall <br> D. Router
djverab [1.8K]

Answer:

B. Chat

Explanation:

A. Antivirus is a program that runs on your computer and prevents it from being infected by stuff encountered on the Internet.

B. Chat is a messaging service that uses the Internet to work.  It's not a classical Internet service like the Web or email, but that's the closest thing in your answer choices.

C. A Firewall is another form of protection from the Internet, it blocks certain communications, but a firewall is not a service and it's not Internet-based.

D. Router is a machine that directs traffic between computers, not a service.

8 0
3 years ago
Read 2 more answers
When writing a message to express condolences, you should mention the loss tactfully, recognize the good qualities of deceased,
Romashka-Z-Leto [24]

When writing a message to express condolences, you should mention the loss tactfully, recognize the good qualities of deceased, assure the receiver of your concern, offer assistance, and <u>conclude on a reassuring note.</u>

Explanation:

Certain points that are to be kept in Mind when writing a  Condolence Messages  are:

  • Don't unintentionally say the wrong thing in a sympathy message
  • The Condolence message should be short and crisp
  • In the message try to recall a funny memory of the deceased.
  • In the message ,you should not simply sign rather mention your full first and surname.
  • Don't mention any financial obligation of the deceased or offer any financial help
  • Don't try to offer any other help like cooking a good meal

Thus we can say that ,When writing a message to express condolences, you should mention the loss tactfully, recognize the good qualities of deceased, assure the receiver of your concern, offer assistance, and <u>conclude on a reassuring note.</u>

3 0
3 years ago
Other questions:
  • Roll over each item on the left to read the description. Identify whether each of the statements is an argument for or an argume
    15·1 answer
  • Parkway Void Co. issued 15-year bonds two years ago at a coupon rate of 9.4 percent. The bonds make semiannual payments. If thes
    12·1 answer
  • To a greater or lesser degree, many governments can be considered pragmatic nationalists when it comes to foreign direct investm
    6·1 answer
  • Which of the following scenarios describes an offer?a.Raoul asks Wendy if she would be willing to sell her first-edition copy of
    9·1 answer
  • 0. Sarah takes home $33,000 per year from her job as a computer repairperson. Her only debt obligations are a car loan payment o
    11·1 answer
  • Craftsman Corporation began operations on January 1, 2020 when $200,000 was invested by shareholders of the company. On March 1,
    7·1 answer
  • 5b. MousePad Computer Company, in addition to its retail sales, conducts night classes in computer technology. MousePad has prov
    13·1 answer
  • _____ reflects performance in brief, special circumstances that demand a person's best effort.
    10·1 answer
  • What method is generally preferred to resolve contract disputes because it saves time, money, and preserves relationships betwee
    7·1 answer
  • Plz answer this not trying to be rude plz
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!