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
Nata [24]
3 years ago
9

Accounts payable has a normal beginning balance of $1,000. During the period, there were debit postings of $600 and credit posti

ngs of $500. What was the ending balance?a. 900 debitb. 1,100 creditc. 900 creditd. 11,100 debit
Business
1 answer:
creativ13 [48]3 years ago
7 0

Answer:

c. 900 credit

Explanation:

Account payable is a liability account and as such, the normal balance is in credit.

Opening balance = $1,000

Debit postings represents settlement of account payable.

Debit posting = $600

Credit postings are additions to the liability

Credit postings = $500

Ending balance = - $1,000 + $600 - $500

                          = -$900

Ending balance is a credit of $900. c. 900 credit

You might be interested in
The following pension-related data pertain to Metro Recreation's noncontributory, defined benefit pension plan for 2018:
miss Akunina [59]

Answer:

Please see attached.

Explanation:

Prepare a pension spreadsheet that shows the relationship among the various pension balances, show the changes in those balances , and compute pension expense for 2018

Please see detailed solution to the above question.

7 0
2 years ago
If a company decreases its sales price per unit, the new breakeven point will?
xenn [34]

If a company decreases its sales price per unit, the new breakeven point will increase.

The breakeven point is the point at which general cost and total revenue are identical, which means there's no loss or gain for your small business. In different phrases, you have reached the level of production at which the expenses of production equal the sales for a product.

The break-even point in economics, enterprise—and in particular fee accounting—is the point at which overall cost and total revenue are identical, i.e. "even". There is no internet loss or advantage, and one has "damaged even", though possibility charges had been paid and capital has acquired the threat-adjusted, predicted return.

To calculate the break-even factor in units use the system: spoil-Even point (gadgets) = fixed fees ÷ (income fee according to unit – Variable costs in keeping with the unit) or in income greenbacks the usage of the formula: spoil-Even point (sales dollars) = fixed costs ÷ Contribution Margin.

Learn more about a breakeven point here brainly.com/question/9212451

#SPJ4

8 0
1 year ago
Matt plans to start his own business once he graduates from college. He plans to save $1,400 every six months for the next five
NemiM [27]

Answer:

$18,453.40

Explanation:

the easiest way to determine how much money Matt is going to save is by using the future value annuity factor. Using a future value annuity table, we must look for the value that correspond to 5% interest and 10 periods =  13.181

Now we multiply our annuity factor times the amount of money that Matt saves every 6 months = $1,400 x 13.181 = $18,453.40

When Matt graduates from college he should have saved $18,453.40.

6 0
3 years ago
Suppose that at the beginning of 2019 Jamaal's basis in his S corporation stock is $0, he has a $0 debt basis associated with a
ivann1987 [24]

Answer:

$0 stock basis; $10,000 debt basis

$1,000 (original stock basis) + $4,000 ordinary income − $7,000 distribution = $0 stock basis and a $2,000 distribution in excess of stock basis generating $2,000 of capital gain. Debt basis is not reduced by distributions.

Explanation:

8 0
3 years ago
Mitch is the owner of GameOn, a popular sports bar. He personally trains his servers and then gives them autonomy to make on-the
Elan Coil [88]

Answer:

Mitch is the owner of GameOn, a popular sports bar. He personally trains his servers and then gives them autonomy to make on-the-spot decisions to resolve any customer complaints and issues. This is a form of _____.

a. flexibility

b. assurance

c. empowerment

d. service guarantee

The answer is C. Empowerment

Explanation:

Empowerment is the process of giving authority or power to an individual to carry out an action.  

Mitch training and  giving his serves autonomy to resolve any customer complaint  and issues is a form of empowerment. It goes to show that he has a level of trust in their ability to make decision and respond appropriately to the issues they might face when attending to customers.    

8 0
2 years ago
Other questions:
  • If the price of butter increases, then the demand for margarine will likely _____. increase decrease
    15·1 answer
  • Tim's performance pizza is a small restaurant in philadelphia that sells gluten-free pizzas. tim's very tiny kitchen has barely
    15·1 answer
  • The financial statements for Lexington Service Company include the following items
    12·1 answer
  • Retained earnings on the balance sheet?
    12·1 answer
  • Ballard Company uses the perpetual inventory system. The company purchased $9,800 of merchandise from Andes Company under the te
    10·1 answer
  • In the 2008 global financial crisis, many investors considered the US economy a safe place to move their assets What is the pred
    6·1 answer
  • Artificial intelligence (A.I.) is a powerful tool for aiding human decision making. This activity is important because managers
    13·1 answer
  • Comment benefits of Tourism in 2010 based on households, government and business infrastructure
    11·1 answer
  • Unit price times quantity sold is ______. Multiple choice question. the break-even point total variable cost total profit total
    6·1 answer
  • If you do have your license: how can you continue your driving improvement?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!