There is more than one reason, but there are two main things they are looking at. They need to see if you are paying on time. The payment history will show if you get behind or not. And because a utility bill is similar to a loan payment, because you have to pay it or you lose your services, they see how responsible you are by checking that. The second major reason they do this is to see what your debt is already. They want to make sure you can afford, with all your bills, to pay them back.
Answer:
Explanation:
1)
Dr Cash $30,000
Cr Common Stock $30,000
2) No Entry
3)
Dr Office Furniture $3,800
Cr Accounts Payable $3,800
6)
Dr Accounts receivables $10,800
Cr Service Revenue (Commission) $10,800
10)
Dr Cash $140
Cr Service Revenue (Commission) $140
27)
Dr Accounts Payable $700
Cr Cash $700
30)
Dr Salary Expense $3,000
Cr Cash $3,000
Answer:
A positive balance of trade
Explanation:
The theory of mercantilism states that a country’s power depends mainly on its wealth. During the Age of Exploration, this meant that the prosperity of a nation should depend on a large supply of bullion (silver and gold) and a positive balance of trade. A positive balance of trade implies that exports should exceed imports. There were tariffs on imports. This discouraged importation.
Mercantilism was commonly practised in Europe within the 16th to 18th century.
I hope my answer helps you
Answer:
Financial accounting is the aspect of accounting that is concerned with the summary, analysis and reporting of financial transactions related to a business.
While managerial accounting is the aspect of accounting that is concerned with the identification, measurement, analysis, and interpretation of accounting information to help managers plan for the future, make decisions for the company, and determine if their plans and decisions were accurate and efficient.
1. Helps Creditors make lending decisions is related Financial Accounting.
2. Helps in planning and controlling operations is related to Managerial Accounting.
3. Is not required to follow GAAP is related to Managerial Accounting.
4. Has a focus on the future is related to Managerial Accounting.
5. Summary reports prepared quarterly or annually is related to Financial Accounting.
Answer:
Proposal A: 5,455 units
Proposal B: 5,770 units
Explanation:
The break-even point is the number of units required for the revenue to equal the total costs.
For proposal A:
Fixed Costs = $60,000
Variable Costs = $13 / unit
Selling Price = $24 / unit
For proposal B:
Fixed Costs = $75,000
Variable Costs = $11 / unit
Selling Price = $24 / unit
Rounding up to the next whole unit, the break-even points for proposal A and B, respectively, are 5,455 and 5,770 units.
