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3 years ago

Which of the following groups of accounts have a normal debit balance

Business

1 answer:

mr Goodwill [35]3 years ago

5 0

YOur answer is D.

A way to remember this is AWE. Assets, Withdrawals and Expenses all have normal debit balances

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Todays electronics specializes in manufacturing modern electronic components. It also builds the equipment that produces the com

iogann1982 [59]

Answer:

Market Condition: Large Facility , Mid - Sized Facility, Small Facility , No Facility

Good Market : 0 , $250,000 , $350,000 , $550,000

Fair Market : $19,000, 0, $29,000 , 129,000

Poor Market : $310,000, $100,000 , $32,000 , 0

Explanation:

Large Facility :

Good Market 550,000 - 550,000 = 0

Fair Market 129,000 - 110,000 = 19,000

Poor Market 0 - 310,000 = 310,000

Mid Sized Facility :

Good Market 550,000 - 300,000 = 250,000

Fair Market 129,000 - 1129,000 = 0

Poor Market 0 - 100,000 = 100,000

Small Facility :

Good Market 550,000 - 200,000 = 350,000

Fair Market 129,000 - 100,000 = 29,000

Poor Market 0 - 32,000 = 32,000

No Facility :

Good Market 550,000 - 0 = 550,000

Fair Market 129,000 - 0 = 129,000

Poor Market 0 - 0 = 0

5 0

3 years ago

On January 2, 2017, a calendar-year corporation sold 5% bonds with a face value of $2500000. These bonds mature in five years, a

Oksanka [162]

Answer:

Consider the following explanation

Explanation:

Under Effective interest method, Interest calculated at the effective interest rate (i.e., the yield of the bond) is charged as an expense annually, and the payment made basis the Coupon rate.

In the given case, interest to be paid semi annually i.e, on June 30 and on December 31, will be $62,500 (i.e., 2,500,000 * 5% * 6/12).

On the basis of above, the interest expense to be charged in the 2017 can be calculated as follows: take a look to the attached archive.

As calculated above, the amount to be charged as interest expense for the year 2017 is (80,220 + 80,840 i.e.,) $ 161,060.

Download xlsx

3 0

3 years ago

During the current year, Martinez Company disposed of two different assets. On January 1, prior to their disposal, the accounts

Scilla [17]

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7 0

3 years ago

Once a business owner proves that a franchise is successful, his or her franchise will automatically be renewed True or False?

Usimov [2.4K]

The answer is False:)

5 0

3 years ago

Read 2 more answers

Cheryl purchased 5 identical hollow pine doors and 6 identical solid oak doors for the house she is building. The regular price

almond37 [142]

Answer:

The answer to this question is option C. $560

Explanation:

We can let the price of each hollow pine door = d and of each solid oak door = 2d.

Since each pine door = 40, d = 40, and the regular price of each solid oak door is (2)(4) = 80.

With a 25% discount, each solid oak door is 0.75(80) = 60.

So, the six oak doors cost 6 x 60 = 360 dollars, and the five pine doors cost 5 x 40 = 200 dollars. Thus, the total is 560 dollars.

Hence the answer is C

6 0

3 years ago

Read 2 more answers