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3 years ago

Which of these transaction types DECREASE how much you owe the credit card company?

Business

1 answer:

olga2289 [7]3 years ago

3 0

Answer:

Payments

Explanation

A credit card company is a financial institution that give out credit card to customers so they can make use of it.

The transaction type that decreases the amount owed to the credit card company is making payments

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Norred Corporation has provided the following information: Cost per Unit Direct materials Direct labor Variable manufacturing ov

mariarad [96]

Answer:

$134,300

Explanation:

Total indirect manufacturing cost = (Unit Produced * Variable manufactured overhead) + Fixed manufacturing overhead

= (8,000 * 1.60) + 121,500

=12,800 + 121,150

=$134,300

Hencc, the total amount of indirect manufacturing cost is $134,300

4 0

3 years ago

As a preferred stockholder, you are entitled to numerous preferences and privileges over common stockholders. If you are a prefe

Rufina [12.5K]

Answer:

asset distribution preference

Explanation:

In such a situation the preference or privilege that would be best for you is known as asset distribution preference or liquidation preference. This is a clause that dictates that the payout in case of a corporate liquidation (such as when they are about to go bankrupt) must first go to the preferred stockholders in order for them to get their money back first. Therefore, since you are a preferred stockholder this would be the biggest privilege for you, allowing you to recover your money quickly and move on to something else.

6 0

3 years ago

On the cash flow statement, a realized loss on investments should be added back under Cash from Operating Activities because the

Ierofanga [76]

Answer:

The answer is A. TRUE

Explanation:

Realized loss like depreciation or amortization are added back to the net income under the cash flow from operating activities section.

Realized gain/loss is the total amount of realized gains and losses resulting from the sale of investment or securities.

This is usually done under the indirect method of cash flow. This does not occur under the direct method of cash flow

6 0

3 years ago

Vocabulary Word

77julia77 [94]

Answer:

Explanation:

A tool for organizing important information about the competition.

competitive matrix

Those most likely to buy your products and services

target customers

The distribution channel through which your product or service flows from the producer to the customer. value chain

A distinct aspect, quality, or characteristic of a product or service

feature

Something that promotes or enhances the value of the proctor service to the customer. benefit

A group of businesses with a common interest, such as financial services, computers, retail, or groceries. industry

End-users of the service. Beneficiaries

Working model of a new product. Describes how you intend to create and

capture value with your business concept. prototype

4 0

3 years ago

The following transactions occurred during March 2013 for the Wainwright Corporation. The company owns and operates a wholesale

Darina [25.2K]

Answer:

Wainwright Corporation

ASSETS = Liabilities + Paid-in Capital + Retained Earnings

1 . Assets (Cash) increase $30,000 = Liabilities + Paid-in Capital increase $30,000 + Retained Earnings

2 . Assets (Equipment) increase $40,000 and (Cash) decrease -$10,000 = Liabilities increase $30,000 + Paid-in Capital + Retained Earnings

3 . Assets (Inventory) increase $90,000 = Liabilities (Notes Payable) increase $90,000 + Paid-in Capital + Retained Earnings

4 . Assets (Inventory) decrease -$70,000 + (Accounts Receivable) increase $120,000 = Liabilities + Paid-in Capital + Retained Earnings increase $50,000

5 . Assets (Cash) decrease -$5,000 + (Insurance Prepaid) increase $5,000= Liabilities + Paid-in Capital + Retained Earnings

6 . Assets (Cash) decrease -$6,000 = Liabilities + Paid-in Capital + Retained Earnings -$6,000

7. Assets (Cash) decrease -$70,000 = Liabilities (Accounts Payable) decrease -$70,000 = Paid-in Capital + Retained Earnings

8 . Assets (Cash) increase $55,000 and decrease (Accounts Receivable) -$55,000 = Liabilities + Paid-in Capital + Retained Earnings

9. Assets (Equipment) decrease -$1,000 = Liabilities + Paid-in Capital + Retained Earnings decrease -$1,000.

Explanation:

a) The accounting equation states that Assets are equal to Liabilities Plus Paid-in Capital Plus Retained Earnings. This equation is very important in accounting as it keeps the two sides of the balance sheet in balance. The equation shows that assets are funded by liabilities or equity or profits from operation.

b) When common stock is issued for cash, Assets increase and Paid-in Capital increase.

c) The purchase of equipment increases Assets by $40,000 and decreases Assets by $10,000 (for cash payment) and increases Liabilities by $30,000 as note payable.

d) Assets increase by $90,000 with inventory purchased on account and Liabilities (Accounts Receivable) increases by the same amount.

e) Payments for Rent for March will decrease Assets (Cash) and decrease Retained Earnings.

f) The Insurance cost of $6,000 paid in advance will decrease Assets (Cash) and increase Assets (Insurance Prepaid) without affecting the other side of the equation.

g) Depreciation expense also decreases Assets (Equipment) and decreases the Retained Earnings by $1,000 respectively.

6 0

3 years ago