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
zloy xaker [14]
3 years ago
10

Which of the following statements about credits is true? A : Credits decrease both assets and liabilities. B : Credits increase

both assets and liabilities. C : Credits decrease assets and increase liabilities. D : Credits increase assets and decrease liabilities.
Business
1 answer:
e-lub [12.9K]3 years ago
7 0

Answer:

The correct answer is C. Credits decrease assets and increase liabilities.

Explanation:

A credit is a provision of money in the form of a loan, granted by a creditor (lender) to a debtor (borrower). For the creditor, the transaction gives rise to a claim on the borrower, under which he can obtain repayment of the funds and payment of remuneration (interest) according to a fixed schedule. For the borrower, whether it is a business or an individual, the credit establishes the existence of a debt (increasing liabilities) and opens the availability of a temporary financial resource.

You might be interested in
If Amazon enters the Japanese online market by translating its U.S. website into Japanese the company is using which internation
Nina [5.8K]

If Amazon enters the Japanese online market by translating its U.S. website into Japanese, the strategy used is the meganational strategy.

A meganational strategy is an international strategy that focuses on reaping cost reductions through the economies of scale. It's a strategy that's used in seeing the world as one big national market.

Since Amazon enters the Japanese online market by translating its U.S. website into Japanese, then the strategy that is used is the meganational strategy.

Read related link on:

brainly.com/question/19505671

5 0
2 years ago
The income statement for the year 2018 of Fugazi Co. contains the following information: Revenues $70000 Expenses: Salaries and
olga_2 [115]

Answer:

Explanation:

incorrect answer

a credit balance of $7500

correct answer

a debit balance of $7500.

6 0
3 years ago
Read 2 more answers
Department G had 3,600 units 25% completed at the beginning of the period, 11,000 units were completed during the period; 3,000
dlinn [17]

Answer:

Total Cost of Work in Process

$57,854

Total cost of the units

d. $120,060

Total cost of beginning inventory

c. $62,206

Explanation:

Department G has 3,600 units which were 25% completed. The units completed during the period are 11,000.

3,600 * 25% = 900

Units completed 11,000

total units 11,900

Cost per unit is $10.08.

Total cost of units completed = 11,900 * 10.08 = $120,060.

4 0
3 years ago
The following transactions occur for Cardinal Music Academy during the month of October:
tamaranim1 [39]

Answer:

The entries to record the transactions are given below.

a. Provide music lessons to students for $7,000 cash.

Debit Cash Asset                          $ 7000

CreditService Revenue income   $ 7000

b. Purchase prepaid insurance to protect musical equipment over the next year for $3,000 cash.

Debit Prepaid Insurance equipment Asset $ 3000

Credit Cash Asset                                          $ 3000

c. Purchase musical equipment for $10,000 cash.

Debit Equipment Asset    $ 10,000

Credit Cash Asset            $ 10,000

d. Obtain a loan from a bank by signing a note for $10,000

Debit Cash Asset            $ 10,000

Credit Notes payable     $ 10,000

7 0
3 years ago
A student organization is developing promotions for its clothing fundraiser. Email blasts across campus will be part of the camp
Masja [62]

Answer: Logistic regression

Explanation:

The type of model that the student group can utilize to analyze which features are important for explaining whether someone opens a promotional email is the logistic regression.

Logistic regression is the regression analysis that's used to conduct in a case whereby the dependent variable is binary.

With regards to the question, the logistic regression can provide the best model which will be used to forecast the most important features for the opening of the promotional e-mail.

8 0
2 years ago
Other questions:
  • Monica owns an equestrian clothing store. After many customers complained that her clothing only fit petite riders, she decided
    8·1 answer
  • Albee Township’s fiscal year ends on June 30. Albee uses encumbrance accounting. On April 5, year 1, an approved $1,000 purchase
    14·1 answer
  • Each business unit has marketing and other specialized activities (e.g., finance, manufacturing, or research and development) at
    6·2 answers
  • A ____________ approach to solving the recession in this example would have no uncertainty regarding the attainment of the short
    12·1 answer
  • What American business had a monopoly on the fur trade in the Far West?
    9·1 answer
  • their major products, the plastic container. Budgeted quantity Budgeted price Direct materials 0.25 pounds $30 per pound Direct
    15·1 answer
  • Suppose sales increase by 20 percent next month. Calculate the effect that increase will have on her profit. (Round your interme
    13·1 answer
  • Theo quan điểm hiện đại khi tiếp cận chi phí chất lượng, chi phí chất lượng thấp nhất là khi
    15·1 answer
  • A A rocket shoots up 123 meter<br>i. What is its initial velocity -​
    8·1 answer
  • When and under which Act citizen investment trust was established ?
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!