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german
3 years ago
8

Assets that are not expected to provide benefits for a number of accounting periods are called __________.

Business
2 answers:
ch4aika [34]3 years ago
7 0

Answer:

I just took the test its *<u><em>current assets*. </em></u>

Explanation:

kiruha [24]3 years ago
5 0
Assets that are not expected to provide benefits for a number of accounting periods are called b. fixed assets
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Dorothy Crusher is a licensed CPA. During the first month of operations of her business (a sole proprietorship), the following e
tensa zangetsu [6.8K]

Answer:

Explanation:

April 2

Dr Cash  34,830

Dr Equipment 15,540

    Cr Owner's capital 50,370

April 2

no entry

April 3

Dr Supplies 830

       Cr Accounts payable 830

April 7

Dr Rent expense 630

        Cr Cash 630

April 11

Dr Accaunts receivable 1360

    Cr Service Revenue          1360

April 12

Dr Cash 3940

     Cr Unearned service revenue 3940

April 17

Dr Cash 2950

     Cr Service Revenue 2950

April 21

Dr Insurance expense 150.30

    Cr Cash 150.30

April 21

Dr wages expense 1280

    Cr Cash                      1280

April 30

Dr Supplies expense 130

     Cr Supplies                130

April 30

Dr Equipment 7000

    Cr Owner's capital 7000

4 0
3 years ago
Product Pricing: Single Product Presented is the 2017 contribution income statement of Grafton Products. GRAFTON PRODUCTS Contri
hodyreva [135]

Answer:

a)647,000

b)658,000 yes as increase net income

c) 2,480,000

Explanation:

a) current net income :                                               842,000

less 13,000 x 12 increce in variable manufacturing  (156,000)

less increase in fixed MO                                        <u>     (39,000)  </u>

                                                                                      647,000

b)

Sales        3,200,000    (16,000 x 200)

Variable   <u> (1,408,000)</u>  988,000x16,000/13,000 + 156,000

Contribution  1,792,000

Fixed MO (819,000)  

Fixed S&A<u> (315,000)   </u>

Net Income 658,000

c)

\frac{Fixed\:Cost + Target \: Profit}{Contribution \:Margin \:Ratio} = Break\: Even\: Point_{dollars}

\frac{Contribution \: Margin}{Sales \: Revenue} = Contribution \: Margin \: Ratio

1,792,000 / 3,200,000 = 0.56

\frac{1,134,000 + 254,800}{0.56} = Break\: Even\: Point_{dollars}

4 0
3 years ago
Please and thank you
uysha [10]

1. Annual percentage rate

2. Secured card

3. Cash advance

4. Balance transfer

I hope this helps!

5 0
3 years ago
Read 2 more answers
What minimum value of ma will keep the system from starting to move?
Andreyy89

Answer:

Explanation:

Block on the table m(A) = m1,

block on the cord m2,

the coefficient of static friction is k1=0.4,

the coefficient of kinetic friction is k2 =0.28

(a)

Block A:

T = F(fr) = k1 •N = k(s) • m1 •g,

Block B: T = m2•g.

k1 • m1 •g= m2•g,

m1 = m2/k(s) = m2/0.4.

(b)

Block A:

T = F(fr) = k2 •N = k2 • m1 •g,

Block B:

T = m2•g.

k2• m1 •g= m2•g,

m1 = m2/k2 = m2/0.28.

6 0
3 years ago
Panner, Inc., owns 35 percent of Watkins and applies the equity method. During the current year, Panner buys inventory costing $
ziro4ka [17]

Answer: $2289

Explanation:

First, we have to calculate the gross percentage which would be:

= (Revenue - Cost of goods sold) Revenue

= ($124000 - $86800) / $$124000

= 30%

Therefore, the amount of gross profit must Panner defer in reporting this investment using the equity method would be:

= ($21800 × 30%) × 35%

= $21800 × 0.3 × 0.35

= $2289

6 0
2 years ago
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