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3 years ago

Which of the accounts are decreased on the debit side and increased on the credit side?

Business

1 answer:

Allushta [10]3 years ago

7 0

Answer: D. Liabilities, stockholders' equity, and revenues.

Explanation: In case of liabilities and equity increase by credit because they are the funds with which the company has to finance the assets according to the balance sheet. Example: Accounts payable suppliers, share capital of shareholders.

Revenues correspond to the income statement and also increase in credit. Example: Revenue from sales, income from commissions.

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The first step in the human resource planning process is forecasting. Forecasting is an attempt to determine the supply and dema

sesenic [268]

Answer:

Missing word "Roll over each of the items below to read about the proportion of marketing employees at different times. Then drag each item into the correct position in the matrix."

Note: The matrix in the question is attached as picture below

Year 2016

Sales mgr Sales Rep Sales asst. Not in

Organisation

2012

Sales Maintain Management Manager Manager

manager Management Representative Assistant Turnover

Position Demotion Demotion

Sales Rep Sales Rep Maintain Rep Rep assistant Sales Rep

Promotion Position Demotion

Sales Asst manager Management Maintain asst. Sales Asst

assistant Promotion Promotion position Turnover

Not in Manager New Sales Rep Sales Assistant

Organi- Hire New Hire New Hire

sation

7 0

3 years ago

Tom’s Tax Services is a small accounting firm that offers tax services to small businesses and individuals. A local store owner

SCORPION-xisa [38]

Answer:

It would need to charge at least 66,960 to break even.

But it should offer his normal fee

Explanation:

Sales revenue 736,000

Cost Labor (466,000)

Lease (49,300)

Rent (42,400)

Supplies (32,300)

Tom salary (73,500)

Operating profit 50,500

increase in labor cost 58,800

increase in lease 4,930

supplies increase 3,230

the rent is a fixed cost, it would not change.

Total incremental cost: 66,960‬

It would need to charge at least 66,960 to break even.

Anyway, Tom should offer their normal fee as this job takes responsabilities and use Tom capacity to attend other client as it would invest time on this store rather than other projects

7 0

3 years ago

The village of Shelburne operates a nine-hole golf course as an enterprise fund. You are provided with the following information

xeze [42]

Answer:

$1,006,701

Explanation:

Preparation of the net position section of Shelburneâ€™s of net position

First step is to calculate the ending balance

Net investment in capital assets:

Beginning balance$585,400

Add Leased equipment $200,000

Less Lease obligation $160,000

($200,000 − $40,000)

Less Sale of equipment $6,100

Add New equipment (lawnmower) $75,000

Less Note related to lawnmower $25,000 Less Depreciation and amortization $75,000

Ending balance$594,300

Now let Prepare the net position section of Shelburneâ€™s of net position

VILLAGE OF SHELBURNE Golf Course Enterprise Fund

Partial Statement of Net Position As of year End

Net Position:

Net Position—Net Investment In Capital Assets $594,300

Add Net Position—Restricted$5,000

Add Net Position—Unrestricted$407,401

Total Net Position $1,006,701

($594,300+$5,000+$407,401)

Therefore the net position section of Shelburneâ€™of net position will be $1,006,701

5 0

2 years ago

In each dropdown that follows, select the correct sign [less than ( <), greater than (> ), or equal (=)] for each comparis

earnstyle [38]

Answer:

1. FIFO inventory is greater than (>) LIFO inventory.

2. FIFO cost of goods sold is less than (<) LIFO cost of goods sold.

3. FIFO net income is greater than (>) LIFO net income.

4. FIFO income taxes are greater than (>) LIFO income taxes.

b. Income shown on the company’s tax return would be lower if LIFO rather than FIFO is used.

Explanation:

FIFO and LIFO are accounting methods used in managing costs related to inventory, stock repurchases at different times and financial activities associated with monetary costs a company had tied up within inventory of feedstocks, raw materials, produced goods, and equipment parts.

Simply stated, FIFO and LIFO are accounting methods is used for the valuation of the cost of goods sold and ending inventory of a company.

FIFO is an acronym for "First In, First Out" and it assumes oldest unit of inventory is sold first, meaning goods that were first added to inventory are the first goods removed from inventory for sale and are recorded as sold first.

LIFO is an acronym for "Last In, First Out" and it assumes last unit to arrive in inventory is sold first, meaning goods that were last added to inventory are the first goods removed from inventory for sale and are recorded as sold first.

5 0

3 years ago

The Gecko Company and the Gordon Company are two firms whose business risk is the same while having different dividend policies.

choli [55]

Answer: 12.98%

Explanation:

The formula for pre-tax return for Gecko company can be calculated is the addition of the capital gains growth rate(g) and the dividend yield.

To get capital gains growth rate, we will use th e after-tax return formula which is:

= Capital Gains Growth Rate (g) + Dividend Yield × (1-Tax Rate)

Capital Gains Growth Rate (g) will now be:

= 12% - 3.5% × (1-28%)

= 12 - 3.5(72%)

= 12 - 2.52

= 9.48%

Pre-Tax Required Return will now be:

= 9.48% + 3.5%

= 12.98%

4 0

3 years ago