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lana66690 [7]
3 years ago
9

Which idea forms the basis of double-entry accounting?

Business
1 answer:
valina [46]3 years ago
5 0

Answer:

A. For every single transaction, at least two accounts will be

affected.

Explanation:

Double-entry accounting is a record-keeping method where a transaction is recorded in a minimum of two accounts. There is no upper ceiling on the actual number of accounts that may be used in a transaction.

Every account has two columns, with debits on the left and credit entries on the right. The aggregate of the debit entries must equal the result of all credit entries. If this happens, the transaction has balanced.  If not, the transaction is  "out of balance."

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a manfucturing firm is considering two locations for a plant to producr a new product. Location A has a foxed cost of 80,000 and
9966 [12]

Answer: 15,000 units

Explanation:

The annual output that would make them indifferent is the one that would equate both costs.

Assume that output is x.

80,000 + 20x = 140,000 + 16x

20x - 16x = 140,000 - 80,000

4x = 60,000

x = 60,000/4

x = 15,000 units

7 0
3 years ago
Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $360,000 and credit sa
VARVARA [1.3K]

Answer:

Account titles and explanation       Debit                 Credit

bad debt expense                           $16,800  

allowance for d doubtful account                                $16,800

Explanation:

Aging of accounts =5% of accounts receivable

Which is 360,000 x 5% = 18,000 expected allowance

current balance before adjustment  =1,200 credit

Adjustment = 18,000 - 1,200 = 16,800

Adjusting entry BY Tanning Company

Account titles and explanation       Debit                 Credit

bad debt expense                           $16,800  

allowance for d doubtful account                                $16,800

3 0
2 years ago
In terms of global business strategy, the governance of ________ firms has been likened to a federal structureâ "strong central
Leokris [45]

Answer: Transnational (multinational)

Explanation: A transnational firm is a multinational firm that operates across national boundaries. Global business strategy allows a firm's revenue to run across borders and these firms can then trade in worldwide markets. A global business strategy includes thinking in an integrated way with regards to all business related aspects, evaluating the goods and services that are produced and meeting global standards in not only the world markets but also the local markets. A multinational firm will also make use of a policy of dispersed production with centralised strategic management. All these factors can link multinational firms to federal structure.

4 0
3 years ago
When a firm does not have the resource required for pursuing a growth strategy, and if the resource in question is not easily tr
pychu [463]

Answer:

B. Consider an outright acquisition.

3 0
3 years ago
Which federal regulatory agency would most likely bring a civil suit against a business that broke securities laws?
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Which federal regulatory agency would most likely bring a civil suit against a business that broke securities laws?

answer:

THE SEC

8 0
2 years ago
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