Answer:
a. Accounts Payable
Accounts payable have a credit balance and will increase under credit effect and decrease under debit effect.
b. Advertising Expense
Advertising expense has a debit balance and will increase in case of debit effect and decrease in case of credit effect.
c. Service Revenue
Service revenue will be credited and will increase in case of credit effect and decrease in case of debit effect.
d. Accounts Receivable
Accounts receivables will be debited and increase under debit effect and decrease under credit effect.
e. Retained Earnings
Retained earnings will be credited and will increase in case of credit effect and decrease in case of debit effect.
f. Dividends
Dividends will be debited which will lead to an increase in it under debit effect and decrease under credit effect.
Answer:
119 customers per day
Explanation:
The computation of the needed capacity requirement is shown below:
But before that first we have to determine the utilization rate which is
As we know that
Cushion rate = 100% - average utilization rate
25% = 100% - average utilization rate
So, the average utilization rate is 75%
Now the needed capacity requirement is
Utilization rate = Average output rate ÷ Maximum capacity × 100
75% = 89 ÷ Maximum capacity × 100
So, the maximum capacity is 119 customers per day
Answer:
A. Retained earnings
Explanation:
The retained earnings and the paid-in Capital are components of the stockholder's equity in the balance sheet.
The retained earnings is the accumulated net income balance over the years. It is affected by the company's profit or loss and dividend declared and paid.
The common stock and Additional paid-In capital are elements of the paid-in Capital .
Answer:
D. Erin pays her monthly personal credit card bill.
Answer: $498.75 million
Explanation:
Of the 40 million shares sold by Braynerd Chemicals, 15 million were sold as secondary shares by investors in the company. The proceeds from these 15 million will therefore not go to the company but to the investors so they are not counted.
Gross total money raised will be;
= 25 million * 21.00
= $525 million
The Underwriter charges 5% of the gross amount as a fee so the Net amount raised will be;
Net Total = 525 * ( 1 - 5%)
Net Total = $498.75 million
