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
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.

You might be interested in
Chisholm Associates uses the indirect method to prepare the operating activities section of the statement of cash flows. The fol
Kobotan [32]

Answer:

$58100

Explanation:

The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.

The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.  

The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.

An increase in an asset other than cash is an outflow of cash while an increase in liabilities is an inflow of cash. A decrease in an asset other than cash is an inflow of cash while an decrease in liabilities is an outflow of cash.

Change in

Accounts receivable = $ 42,550 - $ 32,100=

 = $10450   (Asset)

Prepaid insurance = 3,550 - 6,700

= -$3150  (Asset)

Accounts payable = 28,350 - 26,100  

= $2250  (liability)

Unearned revenue = 6,350 - 8,500

= -$2150  (liability)

The net cash flows from operating activities

= $65,500 - $10450  + $3150  - $2250  + $2150

= $58100

7 0
3 years ago
1. Calculate GDP loss if equilibrium level of GDP is $10,000, unemployment rate 9.8%, and the MPC is 0.75.
Mars2501 [29]

Answer: 860

Explanation:

The gross domestic product is the value of the goods and services which are produced in a particular country from the year.

In this question, we are informed that we should calculate GDP loss if equilibrium level of GDP is $10,000, unemployment rate 9.8%, and the marginal prospensity to consume is 0.75.

The GDP loss will be calculated as:

= [(0.75 × 9.8)/100 × 10,000] + 125

= [(7.35/100) × 10000] + 125

= [(0.0735) × 10000] + 125

= 735 + 125

= 860

6 0
3 years ago
Working as a team to design a skyscraper would most satisfy which of these personal benefits of work?
yulyashka [42]
I think it depends on how people think of you and how much money you get paid, but I would say being with others. Just because it said you were working as a team. I would not consider "a want" in this situation.
7 0
3 years ago
Read 2 more answers
The difference between the economic surplus when the market is at its competitive equilibrium and the economic surplus when the
Zarrin [17]

Answer:

Deadweight loss

Explanation:

Deadweight loss can be defined as the lost economic surplus when a market is not allowed to adjust to its competitive equilibrium. The deadweight loss includes losses in both supplier and consumer surplus.

A deadweight loss happens when the equilibrium price for a good or a service cannot achieved usually due to external factors, e.g. price ceilings like rent control, specific taxes, etc.  

4 0
3 years ago
Read 2 more answers
The same brand of chocolate truffles tasted better to julia when she thought they cost $20 a pound than when she thought they co
Nadusha1986 [10]

This example best illustrates the impact of top-down processing which is defined as pattern recognition advancement through the use of contextual information.

Top-down processing entails the brain's sending down stored information to the sensory system as it receives information from the stimulus, allowing a plausible hypothesis to be formed without analyzing every feature of the stimulus. Thus, top-down processing involves combining contextual information from things we already know or have experienced with our senses to perceive new information.

Top-down processing is beneficial because it simplifies how we comprehend our sensory perceptions. Our surroundings are hectic, and we are constantly perceiving multiple things. Top-down processing allows us to shorten the cognitive path that connects our perceptions to their meaning.

Learn more top-down processing here:

brainly.com/question/5641438

#SPJ4

3 0
2 years ago
Other questions:
  • Sunset Foods relies on a highly centralized functional structure to ensure consistency in the quality and taste of its products
    13·1 answer
  • Which of the following best describes the term customer contact points? Group of answer choices
    9·1 answer
  • Suppose that General Motors Acceptance Corporation issued a bond with 10 years until​ maturity, a face value of $ 1 comma 000​,
    8·1 answer
  • When using acronym meet to improve intercultural relations in work place what action does the T represent
    12·1 answer
  • Commercial paper investments are ___. (Select all that apply.)
    15·1 answer
  • Section​ 1(1) of the Restatement​ (Second) of Agency defines agency as​ a(n) _____ relationship ​"which results from the manifes
    10·1 answer
  • Treasury spot interest rates are as follows: Maturity (years) 1 2 3 4 Spot rate (EAR) 1.4% 2.8% 3.6% 4.5% What is the price of a
    13·1 answer
  • A disadvantage of the corporate form of business ownership is that:
    6·1 answer
  • In the welding operations of a bicycle manufacturer, a bike frame has a flow time of about 13.6 hours. The time in the welding o
    9·1 answer
  • Allura’s Little Robotics Company sells Good S in a perfectly competitive market with a downward-sloping demand curve and an upwa
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!