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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.

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If the purchase and sale of a currently illegal drug (for example, marijuana) were decriminalized, economists would expect:
Masteriza [31]

Answer:

A. An increase in demand and supply of this drug.

Explanation:

In this case, if marijuana were to decriminalized, demand would be skyrocket in the short-term. It will achieve equilibrium once it is set to be recreational use only.

6 0
4 years ago
Turnbull Corp. is in the process of constructing a new plant at a cost of $30 million. It expects the project to generate cash f
zepelin [54]

Answer:

44%

Explanation:

Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested

Internal rate of return can be determined using a financial calculator

Cash flow in year 0 = $-30 million

Cash flow in year 1 = $13 million

Cash flow in year 2 = $23 million

Cash flow in year 3 = $29 million

IRR = 44%

To find the IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.  

6 0
3 years ago
The following table reports real income per person for several different economies in the years 1960 and 2010. It also gives eac
icang [17]

Answer:

Thailand

Ireland

c

Explanation:

Thailand  has the highest annual growth rate so it is fastest economy to grow in rela income per person form 1960 to 2010 that is 4.91%

Irleand has the highest real income per person in year 2010 that is $41,558

Ireland, Pakistan and Thailand had lower real income per person than Finland in 1960 but only Ireland had higher real income per person than Finland in 2010.

8 0
3 years ago
My question is what is in decentralization​
jolli1 [7]

Decentralization or decentralisation is the process by which the activities of an organization, particularly those regarding planning and decision making, are distributed or delegated away from a central, authoritative location or group.

4 0
3 years ago
The adjusting entry for accrued interest on a note receivable would include a __________ to __________.
poizon [28]
C. The adjusting entry for accrued interest on a note receivable would include a credit to interest revenue
6 0
2 years ago
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