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Olenka [21]
3 years ago
10

For each of the following accounts indicate the effects of a debit and a credit on the accounts and the normal balance of the ac

count.
1.Accounts Payable

2.Advertising Expense

3.Service Revenue

4.Accounts Receivable

5.Common Stock

6.Dividends
Business
1 answer:
inn [45]3 years ago
3 0

Answer with Explanation:

Remember that Liabilities and equities are credit in nature and this can be explained from the following equation:

Assets = Equity + Liabilities

Assets = (Common Stock + Revenue + Retained Earnings + Sales -Expenses - Dividends) + Liabilities

Assets + Expenses + Dividends = Common Stock + Revenue + Retained Earnings + Sales  + Liabilities

This means Assets, expense and dividends on the left side are debit in nature and Common stock, revenue, retained earnings, sales and liabilities are credit in nature.

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Economists make assumptions in order to Select one: a. mimic the methodologies employed by other scientists. b. minimize the num
Deffense [45]

Answer:

The correct answer would be option D, Focus their thinking on the essence of the problem at hand.

Explanation:

An economist is a person who has expertise or who is an expert in the field of Economics. The Economists make assumptions about the economies to focus their thinking on the essence of the problem they have at the moment. They predict the economy, they analyze the economy, they suggest solutions to the problems concerning the economy on the basis of their experience and the new studies being carried up by them. So for this purpose they make assumptions because they want to clearly analyze the situations and want to see what impact their decision will make on the economy, which give them a clear picture about the possible solutions of the problem they have at hand at the moment.

6 0
3 years ago
A small assembly line currently produces 8000 widgets per week. Assume that there are two inputs: labor and materials. There are
Ostrovityanka [42]

Answer: 1 widget per dollar

Explanation:

The weekly productivity level for this operation will be calculated thus:

Output = 8000 widgets per week.

Input = Labor Cost + Material Cost

= (5 × 40 × $15) + (100 × $50)

= $3000 + $5000

= $8000

Productivity = Output / Input

= $8000 / $8000

= 1 widget per dollar

5 0
2 years ago
Total Company North South Sales $ 600,000 $ 400,000 $ 200,000 Variable expenses 360,000 280,000 80,000 Contribution margin 240,0
seraphim [82]

Answer:

1. Company wide break-even point in dollar sales= $425,000

2. Break-even point in dollar sales for North region= $200,000

3. Break-even point in dollar sales for South region = $100,000

Explanation:

1. Computation of the companywide break-even point in dollar sales

First step is to find the Contribution margin ratio

Using this formula

Contribution margin ratio = Contribution margin / Sales

Contribution margin ratio:

Total company: ($240,000/$600,000)=0.4

North : ($120,000/$400,000)=0.4

South : ($120,000/$200,000)=0.6

Now let compute the Company wide break-even point in dollar sales using this formula

Company wide break-even point in dollar sales= Fixed costs / Contribution margin ratio

Let plug in the formula

Company wide break-even point in dollar sales= ($120,000 + $50,000) / 0.4

Company wide break-even point in dollar sales= $425,000

2. Computation for the break-even point in dollar sales for the North region using this formula

Break-even point in dollar sales for North region = Traceable fixed expenses / Contribution margin ratio

Let plug in the formula

Break-even point in dollar sales for North region= $60,000 / 0.3

Break-even point in dollar sales for North region= $200,000

3. . Computation for the break-even point in dollar sales for the South region.

Using this formula

Break-even point in dollar sales for South region = Traceable fixed expenses / Contribution margin ratio

Let plug in the formula

Break-even point in dollar sales for South region = $60,000 / 0.6

Break-even point in dollar sales for South region = $100,000

5 0
2 years ago
Compton Company expects the following total sales: Month Sales March $ 37,000 April $ 27,000 May $ 21,000 June $ 32,000 The comp
Rina8888 [55]

Answer:

$11,025

Explanation:

From May sales, Total Credit sales = $21,000*70% = $14,700

Cash Collected in May (for sales) = Total Credit sales * 25%

Cash Collected in May = $14,700*25%

Cash Collected in May = $3,675

Accounts Receivables Balance = Total Credit sales (May) - Cash Collected in May

Accounts Receivables Balance = $14,700 - $3,675

Accounts Receivables Balance = $11,025

So, the budgeted accounts receivable balance on May 31 is $11,025.

5 0
3 years ago
Before Puya's job interview, she wants to ensure that her social media presence is impressive to the employer. What should she d
saveliy_v [14]

In other to ensure that her social media is impressive to the employer, Puya has to do the following:

  • She has to remove all questionable online content that are going to make her appear like she is not a professional  
  • She has to try to set up a professional page on social media.
  • She has to be deliberate and selective about the people that she has on her friends list.

Maintaining a good social media presence is of great importance. Employers would not want to employ a person with questionable character or abnormal behavior as a worker in their company.

Read more on brainly.com/question/8293640?referrer=searchResults

8 0
2 years ago
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