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Nikolay [14]
3 years ago
10

Difference between debit the receiver and credit the giver ​

Business
1 answer:
Vinil7 [7]3 years ago
6 0

Answer:

Explanation:

When a payment is made to somebody, you debit the receiver of that payment and credit Cash or Bank as money is paid from cash or by means of cheque. When money or cheques are received, you credit the person who is paying you and you debit the cash or bank.

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Vandel Inc. bases its selling and administrative expense budget on budgeted unit sales. The sales budget shows 5,900 units are p
Fantom [35]

Answer:

Given:

Sales budget = 5,900 units

Variable selling and administrative expense = $11.20 per unit

Fixed selling and administrative expense = $131,570 per month

Depreciation = $16,520 per month

Therefore, we'll compute cash disbursements for selling and administrative expenses using the following formula:

<em>Cash disbursements = Variable selling and administrative expense × Sales budget +  Fixed selling and administrative expense - Depreciation</em>

Cash disbursements = $11.20 × 5,900 + $131,570 - $16,520

<u><em>Cash disbursements = $181,130</em></u>

3 0
4 years ago
Read 2 more answers
All firms, no matter the type of firm structure in which they are producing, make their production decisions based on the point
Xelga [282]

Answer:

The answer is B.

Explanation:

The profit maximisation point is the point where marginal revenue equals marginal cost(MR = MC). At this point, total revenue is maximized.

Marginal revenue is the change in total revenue when additional units is sold or made while marginal cost is the change in total cost when additional unit of output is made.

When MR > MC, the firm is not manufacturing or producing enough goods and when MC > MR, it means the firm is manufacturing or producing too much and it is making loss with each additional production.

6 0
3 years ago
What does the term cyber security refers to?
mina [271]
Cyber security is online protection from viruses, malware, and spam. There are security softwares that can be bought and downloaded to help protect and online user from unwanted or harmful code. It is important to always keep up-to-date and renew online security software to protect yourself from unwanted intrusions in the online world.

I hope this is what you’re looking for! :)
3 0
4 years ago
Emilee signed a rental agreement for her new condo after she moved out the owner determined that the condo needed to be cleaned
nevsk [136]

Answer:

750

Explanation:

6 0
3 years ago
Read 2 more answers
Paolo and Isadora Shaw are married, file a joint tax return, and have one dependent child, Dante. The Shaws report modified AGI
umka21 [38]

Answer: $2,500

Explanation:

The American opportunity tax credit (AOTC) is a measure by the IRS that is a credit for QUALIFIED education expenses paid on Eligible students.

A maximum of $2,500 in credit can be acquired per eligible student.

To qualify for the full amount of this tax credit, your Modified Adjusted Gross Income (MAGI) must be $80,000 or less ($160,000 or less for married filing jointly).

The Shaws are married and file jointly with a MAGI of $148,000 which is less than the $160,000 limit which means that they are due for the entire credit amount of $2,500 as they pay education expenses for their ONE dependant child assuming Dante meets the various eligibility criteria.

The amount of the Shaws' American Opportunity credit for the year is $2,500.

If you need any clarification, do comment. Cheers.

6 0
4 years ago
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