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Kisachek [45]
3 years ago
5

In May 2013, Nikea recorded the transaction by debiting accounts receivable for $10,000 and crediting service revenues for $10,0

00. What is the effect of this entry on the accounting equation
Business
1 answer:
Zepler [3.9K]3 years ago
5 0

Answer:

Please see explanation below.

Explanation:

Given the above, Accounts receivable is an asset. A debit in asset increases the asset. Also, crediting servicing revenue means an increase in equity because service revenue is also part of what makes an equity.

Therefore, debiting accounts receivables and crediting servicing revenue has increased both the assets and equity of Nikea inc.

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Use the following information to compute profit margin for each separate company a through e. (Round your answers to 1 decimal p
irina1246 [14]

Answer:

the Company C is the most profitable  

Explanation:

The computation of the profit margin for the following companies is

We know that

Profit margin = Net income ÷ Net sales

Now  

<u>Company     Net income      Net sales      Profit margin  </u>

a                         $5,253           $44,140         11.9%  

b                         $86,033         $392,846      21.9%  

c                          $90,324         $251,598      35.9%  

d                          $63,120          $1,434,550    4.4%  

e                          $72,787          $428,158      17.0%  

Based on the calculation above, the Company C is the most profitable  

7 0
3 years ago
One of your sales employees is taking a trip to several conventions over the next several weeks and will need to have access to
Aleksandr-060686 [28]

Answer:

c. Airprint

Explanation:

AirPrint -

It refers to as one of the technology of Apple, which enables to generate complete output , where the process of downloading or installation is not required , is referred to as AirPrint .

It enables to get a very high quality images and document , from any apple device like the iPad , Mac , iPhone , iPod .

The feature is available in the MacOS and even in iOS operating system .  

Where the printing process is done via LAN .

The most attractive feature of AirPrint is that, it does not require any printer - specific drivers .

Hence, from the given information of the question,

The correct option is - AirPrint.

4 0
4 years ago
Which of the following is an indicator of how much output the average person would get if all output were divided up evenly amon
Effectus [21]

Answer:

C. per capita  GDP

Explanation:

Per capita income is the average income earned per person in a country during a specified period of time . It is the measure of a country's Gross domestic products against its total population.

Per capita GDP is a measure of a country's economic output that accounts for its number of people. It divides the country's gross domestic product by its total population.  it a good measurement of a country's standard of living. It tells you how prosperous a country feels to each of its citizens.

It is calculated by dividing the total GDP of a country by its population

therefore going by the question and the explanation given the best possible answer is C. Per capita GDP

5 0
3 years ago
Jenny (35 years old) is considering making a one-time contribution to either a traditional 401(k) plan or to a Roth 401(k) plan.
Lisa [10]

Answer:

The statement which is true is as follow:

A. If Jenny's marginal tax rate in the year of contribution is higher than her marginal tax rate in the year of distribution, she will earn a higher after-tax rate of return on the traditional 401(k) plan than on the Roth 401(k) plan.

Explanation:

  • Traditional and Roth 401(k) are the retirement saving plans and have a difference that is important to understand by you.
  • In Traditional 401(k), contributions are made before tax that means your withdrawals are taxed Roth 401(k) contributions are made after tax that mean withdrawals are not taxed.
  • The option A is correct as Jenny's marginal tax rate in the year of contribution is higher than her marginal tax rate in the year of distribution but she will earn a higher after-tax rate of return on the traditional 401(k) plan than on the Roth 401(k) plan as it has been discussed in the above point that in traditional 401(k), our withdrawals are taxed but not in Roth 401(k).

4 0
3 years ago
____ is not a characteristic common to all organizations. Select one: a. Equal authority and responsibility b. Common goal or pu
Lyrx [107]

Answer: Equal Opportunity and Responsibility.

Explanation: Every successful organization share in common: a common goal they target to achieve, proper coordination, and hierarchy of authority.

In most organizations authority is NOT equal and each individual has their key roles they perform to ensure success is achieved.

There is always a leader or a team of leaders and those following their lead.

5 0
3 years ago
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