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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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Pro Corp., a U.S.-based MNC, uses purchasing power parity to forecast the value of the Thai baht (THB), which has a current exch

aleksklad [387]

Answer:

Option "B" is the correct answer to the following statement.

Explanation:

Given:

Exchange rate of 1 Baht= $0.022

Expected inflation in united states (Assume) = 3% = 0.03

Expected inflation in Thailand (Assume) = 10% = 0.10

Computation:

After 1 year rate of 1 Baht in Dollar

The price in US = 1 × (1+0.03) = $1.03

The price in Thailand = 1 × (1+0.10) = 1.10 baht

1 baht = 1.03×0.022÷1.1 = $0.0206

Therefore, 1 baht = $0.21 (approx)

4 0

3 years ago

The primary difference between a change in supply and a change in the quantity supplied is: Select an answer and submit. For key

kipiarov [429]

Answer:

Explanation:

A change in quantity supplied is as a result of a change in the price of the good. This change in the price leads to a movement along the supply curve. If price increases, there is an upward movement up along the supply curve and if there is a decrease in price, there is a movement down the demand curve.

A change in supply is caused by other factors other than price. Some of these factors include :

A change in the number of suppliers
The cost in the price of raw materials needed in the production of the good.

A change in supply leads to a movement outward or inward

3 0

3 years ago

You are planning your retirement in 15 years. You plan to retire with $3,000,000 and your retirement account earns 4.8% compound

Maslowich

Answer:

The retirement fund will last for 33 years and 7 months

Explanation:

We need to solve for time in an ordinary annuity

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C $15,000.00

rate 0.004 (4.8% divide by 12 month)

PV $3,000,000

time n

$15,000 \times \frac{1-(1+0.004)^{-n} }{0.004} = 3,000,000\\$

we clear for n as much as we can and solve

$(1+0.004)^{-n}= 1-\frac{3,000,000\times0.004}{15,000}$

$(1+0.004)^{-n}= 0.20$

now we use logarithmic properties to solve for n:

$-n= \frac{log0.2}{log(1+0.004)$

-403.16

this will be a value in months so we divide by 12 to get it annually

403/12 = 33,5833

we convert the residual to months:

0.5833 x 12 = 6.996 = 7 months

6 0

3 years ago

1.2 Which of the following is not a nominal account?

bonufazy [111]

Answer:

i can say is capital

Explanation:

8 0

3 years ago

Departmental overhead rates may not correctly assign overhead costs due to:

Vika [28.1K]

Answer:C.overreliance on volume as a basis for allocating overhead costs where products differ regarding the number of units produced, lot size, or complexity ofproduction.

6 0

3 years ago