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3 years ago

Which one of the following accounts will have a credit balance?

Business

1 answer:

Tems11 [23]3 years ago

3 0

Answer:

Common Stock

Explanation:

We know that

The debit sections track assets, expenses side, and dividend while revenues, stockholder equity, and the liability side are reported in the credit section.

So in the given question, the common stock has credit balance whereas the dividend, supplies, and the salary expense has a debit balance

By proper posting of accounts in the correct columns, the total of debit and credit columns would be matched.

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Candy Company had sales of $320,000 and cost of goods sold of $112,000. What is the gross profit margin (ratio of gross profit t

Strike441 [17]

Answer:

The gross profit margin of Candy Company is 65% (second option)

Explanation:

The gross profit margin is defined as:

Mg = (sales - costs) / price of sales

If for Candy Company the cost are $112,000 and sales $320,000 then the gross profit margin is:

Mg = ($320,000- $112,000) * 100% / $320,000 =

Mg = $208,000 * 100% / $320,000 = 0.65 * 100%

Mg = 0.65 * 100%

Mg = 65%

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3 years ago

Cochrane Associate's net sales last year were $525 million. If sales grow at 7.5% per year, how large (in millions) will they be

Serhud [2]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

Cochrane Associate's net sales last year were $525 million. If sales grow at 7.5% per year, how large (in millions) will they be 8 years later?

We need to use the following formula:

FV= PV*(1+i)^n

FV= 525*(1+0.075)^8

FV= $936.33

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2 years ago

Billie Bradford worked for the Kentucky Department of Community Based Services (DCBS). One of Bradford's co-workers, Lisa Stande

AlladinOne [14]

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3 years ago

Easy points

Alex777 [14]

Answer:

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Read 2 more answers

Individual activities and their durations are developed during the ________ phase of the project life cycle.

salantis [7]

Individual activities and their durations are developed during the planning phase of the project life cycle.

<h3>What is a business plan?</h3>

A business plan is a document that outlines a company's primary business operations and how it intends to accomplish its objectives.
Business plans are used by startup enterprises to gain traction and draw in outside investors.
An executive team can utilize a business plan as an internal roadmap to maintain focus on and progress toward short- and long-term goals.
Businesses may write a typical business plan that is longer or a lean startup plan that is shorter.
An executive summary, sections on products and services, marketing strategy and analysis, financial planning, and a budget should all be included in good business plans.

To learn more about Planning, refer to the following link:

brainly.com/question/27989299

#SPJ4

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11 months ago