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3 years ago

10 points...........

Business

2 answers:

dedylja [7]3 years ago

7 0

Double entry, a fundamental concept underlying present-day bookkeeping and accounting, states that every financial transaction has equal and opposite effects in at least two different accounts. It is used to satisfy the accounting equation:

Assets
=
Liabilities
+
Equity

Assets=Liabilities+Equity

With a double entry system, credits are offset by debits in a general ledger or T-account.

So debit is the answer

Vaselesa [24]3 years ago

5 0

A) Debit is correct

<h3>Explanation: </h3>

It is

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Last year Attic charged $2,334,667 Depreciation on the Income Statement of Andrews. If early this year Attic purchased a new dep

olga nikolaevna [1]

Answer:

Note: The correct option is a. Increase Net Cash from operations.

Explanation:

Note: This question is not complete as the options are omitted. The options are therefore provided to complete the question before answering the question as follows:

a. Increase Net Cash from operations

b. Decrease Net Cash from operations on the Cash Flow Statement

c. No impact on Net Cash from operations

d. Just impact the Balance Sheet

The explanation of the answers is now provided as follows:

Since the assets was purchased early in the year, depreciation will be charged on it in the income statement for the year at the end of the year. Since depreciation is a non-cash item, it will added back to the net income in the indirect Cash Flow Statement method as one of the adjustments to the net income under the Cash from operations. This adding back of the depreciation will therefore lead to an Increase Net Cash from operations.

Therefore, the correct option is a. Increase Net Cash from operations.

6 0

3 years ago

Which Act can be used to coordinate a securities registration filing under the provisions of the Uniform Securities Act

weqwewe [10]

Answer: Securities Act of 1933

Explanation:

The Act of 1933 is the Act that can be used to coordinate a securities registration filing under the provisions of the Uniform Securities.

The Securities Act of 1933 consists of two main aims which are that the investors should get financial and necessary information with regards to the securities that are offered for public sale and also that fraud, deceit, and misrepresentations should be prohibited when selling securities.

7 0

3 years ago

Martin Jackson receives an hourly wage rate of $30, with time-and-a-half pay for all hours worked in excess of 40 hours during a

Musya8 [376]

Answer:

$1,009.75

Explanation:

Since Martin Jackson worked 46 hours during the week and normal weekly working hours is 40, he'll be paid standard wage rate for 40 hours and time-and-a-half pay for all hours worked in excess of 40 hours during a week.

Hence Gross Pay = [($30 × 40 hours) + ($30 × 1.5 × 6 hours)] = $1,470

Net Pay = Gross Pay - (Federal Income Tax + Social Security Tax + Medicare Tax)

The net pay will be his gross pay less all statutory deductions

Net Pay = $1,470 - [$350 + ($1,470 × 6.0%) + ($1,470 × 1.5%)] = $1,009.75

8 0

4 years ago

A hamburger factory produces 60,000 hamburgers each week. The equipment used costs $10,000 and will remain productive for four y

Liono4ka [1.6K]

Answer:

A. 195 hamburgers

B. Yes

Explanation:

The computation is shown below:

A. Productivity measure = (Annual output) ÷ (Annual labor cost + annual equipment cost)

where,

Annual output = 60,000 × 52 weeks = $3,120,000

Annual labor cost = $13,500

Annual equipment cost

= $10,000 ÷ 4

= $2,500

So, the productivity measure is

= ($3,120,000) ÷ ($13,500 + $2,500)

= 195 hamburgers

B. Productivity measure = (Annual output) ÷ (Annual labor cost + annual equipment cost)

where,

Annual output = 60,000 × 52 weeks = $3,120,000

Annual labor cost = $11,000

Annual equipment cost

= $13,000 ÷ 5

= $2,600

So, the productivity measure is

= ($3,120,000) ÷ ($11,000 + $2,600)

= 229 hamburgers

Since the productivity is increased from 195 hamburgers to 229 hamburgers so the equipment should be purchased.

7 0

3 years ago

A commercial bank has $100 million in checkable-deposit liabilities and $12 million in actual reserves. The required reserve rat

Iteru [2.4K]

Given:
Checkable deposit = $100 million
actual reserves = $12 million
required reserve ratio = 10%

100 million * 10% = 10 million
10 million - 12 million = 2 million excess reserves

D.) $2 million is the bank's excess reserves

3 0

4 years ago

10 points...........​

10 points...........