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
Finger [1]
3 years ago
6

Accounts with a normal credit balance include: (select all that apply)

Business
1 answer:
ArbitrLikvidat [17]3 years ago
3 0

Answer:

C). Bad Debt Expense

E). Sales Revenue

Explanation:

As per the question, the accounts that are kept with a normal credit balance includes 'bad debt expense' and 'sales revenue account.' Bad debt account is characterized as the account made for noting the expenses incurred in a business due to incollectibility of debts from the debtors or <u>customers who were sold the goods or money on credit and are unable to pay the amount. </u>While <u>sales revenue account is made for the revenue generated by the company from either provision of services or sale of goods</u>. It includes both the cash and a part of it is also held for sales revenue remunerated on credit. Thus, <u>options C and E</u> are the correct answers.

You might be interested in
Connie opened a link that she received in an email. It led to a webpage that congratulated her on winning $1 million. The webpag
Mariana [72]

Answer:

This kind of malware attack is known as ransomware.

Explanation:

-Ransomware is a type of malicious software that typically involves encrypting the files of a victim's PC, laptop or systems. The hacker(s) This essentially denies the victim any access to their data.They then demands payment in order to allow the victim access to their own data. The payment is always required to be transferred in crypto-currency to the hackers.

-Examples of ransomware includes Reveton, CryptoLocker, CryptoWall and the infamous Wannacry which attacked many victims PC across the globe in 2017. Ransomware attacks can be initiated by a user unknowingly visits an infected website.The malware then self downloads and installs itself onto the user’s PC without their knowledge.

-Ransomware attacks can be prevented by using advanced antivirus.

7 0
3 years ago
In a process-costing system, the cost of abnormal spoilage should be A. Included in the cost of units transferred out. B. Prorat
Olin [163]

Answer:

D. Treated as a loss in the period incurred.

Explanation:

The process-costing system is used by firms that produce goods that goes through a set of manufacturing departments i.e it's used when firms mass produce nearly identical or similar units through various processes.

Under process-costing system, direct costs of production are accumulated,  summarized, and then assigned to all the units produced during the period.

Thus, a single product cost is calculated by dividing process cost in each manufacturing department by the respective units produced during the production period.

Some organizations that use the process-costing system are oil refineries, chemical processing companies, eraser manufacturing companies, and food production companies.

In a process-costing system, the cost of abnormal spoilage should be treated as a loss in the period incurred.

The abnormal spoilage refers to the cost exceeding normal level, associated with spoiled units of a manufacturing process. It should be treated as a loss in the period incurred because it cannot be recovered

4 0
3 years ago
Target costing begins with determining the cost of the product and then focusing on developing ways to sell the product at a pri
Archy [21]

Answer:

Target costing does not begin with the determination of the cost of the product  and then focusing on developing ways to sell the product at a price that will enable the company to achieve its desired profit margin.

The correct answer is B

Explanation:

In target costing, the company does not determine the price because the price is determined by the market. Target costing begins with determining the target profit. Then, the company deducts the target profit from the market price in order to obtain the target cost.

6 0
3 years ago
Consider a project that will payoff $2 million if it is successful and nothing if it is not successful. If the probability of su
Paul [167]

do you have to pay this all the bills

8 0
3 years ago
Taylor company has current sales of 1,000 units, at a selling price of $190 per unit, variable costs per unit of $76 and fixed e
yaroslaw [1]
Let us calculate net profit on each unit; after the changes, we have that the company sells 1300 units and eah unit has a profit margin of 175-100=75$.We also have that the fixed costs are in total 96000-20000=76000$. Consider the profit function P(x) that depends on the number x of units sold. P(x)=75*x-76000. Substituting x=1300, we have that P(x)= 97500-76000=21.500$. This is the Net operating Income after the changes.
4 0
4 years ago
Other questions:
  • Which of the following would cause demand-
    7·1 answer
  • Cherokee Manufacturing Company established the following standard price and cost data: Sales price $ 12.00 per unit Variable man
    13·1 answer
  • The substitution effect is the change in the quantity demanded of a good that results fromâ ______________, holding constant the
    6·1 answer
  • ________ make tactical decisions, which deal with activities such as short-term planning, organizing, and control.
    12·1 answer
  • A job can be done with Machine A that costs $12,500 and has annual end-of-year maintenance costs of $5000; its salvage value aft
    14·1 answer
  • Vertical integration appears particularly advantageous when the organization has: Question 40 options: 1) a very specialized pro
    7·1 answer
  • Advise on the purchasing procedure
    10·1 answer
  • Jelf and Ricardo share a hotel room for Jason's wedding Jeff and Ricardo predictably drink too much alcohol, felf passes out. Ai
    7·1 answer
  • A graph titled Funding for House Elections 2011 to 2012 shows parties on the horizontal axis and dollars (hundreds of millions)
    14·2 answers
  • Crystal believes that outsourcing the bookkeeping needs of her firm would save money. She researches various companies and runs
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!