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3 years ago

For each item below, indicate whether a debit or credit applies.

Business

1 answer:

Mandarinka [93]3 years ago

8 0

Answer and Explanation:

The indication of each transaction is as follows

a. Note payable contains credit balance so if there is decrease so it would be shown on the debit side

b. Dividend contains debit balance so if there is an increase so it would be shown on the debit side

c. Common stock contains credit balance so if there is an increase so it would be shown on the credit side

d. Unearned rent revenue contains credit balance so if there is an increase so it would be shown on the credit side

e. Interest payable contains credit balance so if there is decrease so it would be shown on the debit side

f. Prepaid insurance contains debit balance so if there is an increase so it would be shown on the debit side

g. Expense contains debit balance so if there is an decrease so it would be shown on the credit side

h. Supplies contains debit balance so if there is an decrease so it would be shown on the credit side

i. Revenue contains credit balance so if there is an increase so it would be shown on the credit side

j. Account receivable contains debit balance so if there is an decrease so it would be shown on the credit side

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2 years ago

Financial Statement Analysis, specifically Ratio Analysis is often performed by managers, investors, and creditors. What is the

IceJOKER [234]

Answer:

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2. Investors perform ratio analysis of the financial statements of companies in order to evaluate the financial health of the companies and estimate likely future performances. By performing ratio analysis, investors can determine how a company receives financing, uses resources, settles maturing debt obligations, and generate profits.

3. On the part of creditors, they are always interested in knowing if a company is overtrading, uses debt resources efficiently, is credit-worthy, and has the ability to repay.

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Ratio analysis reveals important insights about a company's profitability, liquidity, operational efficiency, and overall solvency. Ratio analysis shows a company's performance in important indices over time. It can also be used as a tool to compare one company with another, especially if they are in the same industry or economic sector. Various stakeholders, including managers, creditors, investors, and employees, use ratio analysis to understand the company's value creation ability.

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2 years ago

Accounts Receivable from sales to customers amounted to $80,000 and $70,000 at the beginning and end the year, respectively. Inc

Kipish [7]

Answer:

$332,000

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Net Income $252,000

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3 years ago

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AleksAgata [21]

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3 years ago

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