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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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In what way, if any, does social media influence a small company's ability to advertise?
Flura [38]

Answer:

I would have to say that its probably gonna be B

Explanation:

that one seems most likely

6 0
3 years ago
When originally purchased, a vehicle costing $23,040 had an estimated useful life of 8 years and an estimated salvage value of $
Novosadov [1.4K]

Answer:

$5,360

(not given in the options)

Explanation:

Depreciation is the systematic allocation of cost to an asset based on estimates. It is given as

Depreciation = (cost - salvage value)/useful life

When originally purchased, a vehicle costing $23,040 had an estimated useful life of 8 years and an estimated salvage value of $1,600

Annual depreciation = ($23,040 - $1,600)/8

= $2,680

After 4 years

Accumulated depreciation = 4 × $2,680

= $10,720

The net book value then

= $23,040 - $10,720

= $12,320  

Since the asset's total estimated useful life was revised from 8 years to 6 years and there was no change in the estimated salvage value

New depreciation = ($12,320  - $1,600)/2

= $5,360

The depreciation expense in year 5 equals $5,360

8 0
3 years ago
Other things equal, an increase in productivity will Multiple Choice reduce aggregate supply and increase real output. reduce bo
leva [86]

Answer:

increase both aggregate supply and real output.

Explanation:

A rise in productivity makes it possible for each and every firm to rise the greater amount of output. due to this  aggregate supply will rise which will lead to increase in the real output.

Also the rise in productivity increase the aggregate supply and the AS curve would be shifted to right that rise the real output but reduce the level of the price in the new equilibrium output level

Therefore the above represent the answer  

6 0
3 years ago
When diversified firms use the revenues from profitable businesses to subsidize the operations of another business and then set
Over [174]

Answer:

<u>Predatory</u>.

Explanation:

This predatory pricing strategy is used when a company aims to create entry barriers for new competitors, significantly lower the price to gain new customers and drive competitors away. The cons of this strategy is that in addition to being illegal, lost revenue is not always recovered, and there are other factors that drive competitors away, not just price.

7 0
3 years ago
The government has granted a patent to a pharmaceutical company for an experimental AIDS drug. That company is the only firm per
morpeh [17]
<span>The question refers to whether that scenario describes a competitive market, and the answer is - no. This scenario that you have presented us with is not an example of a competitive market because there is no free entry. Because firms cannot freely enter this market, this cannot be said to be competitive, because there are no companies to compete if there is only one firm involved. </span>
4 0
3 years ago
Read 2 more answers
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