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svp [43]
3 years ago
7

To close the drawing account with a debit balance, credit the account for its balance and debit the owner's capital account. tru

e false
Business
1 answer:
pav-90 [236]3 years ago
8 0
False is the answer.
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In 2021, Short Construction began construction work under a four-year contract. The contract price is $2,000,000. Short recogniz
Masja [62]

Answer:

The appropriated answer will be "$1,700,000".

Explanation:

Revenue understood by completion percentage = Design balance throughout progress = $200,000

The percentage completion throughout the whole year will be:

⇒  \frac{200,000}{2,000,000 }

⇒  10 \ percent

The cost incurred throughout the whole year will be:

⇒  Revenue \ recognized - Income \ on \ the \ contract

⇒  200,000 - 30,000

⇒  170,000 ($)

Now,

The total estimated cost of the project at the end the year 2021 will be:

⇒  \frac{170,000}{10 \ percent}

⇒  1,700,000 ($)

6 0
2 years ago
What seems to be the overall result of government laws on wages?
victus00 [196]
The government laws on wages will safeguard the employees against employers who tend to be paying the least amount they could give. These also enhances the benefits that the employees are getting through pensions, health cards, etc. With the reinforcement of the law, many employees will be given the amount that is due the service that they are providing their employers. 
7 0
3 years ago
Marianne is the payroll manager at johnson manufacturing. she wants to upgrade the department's accounting systems. to whom woul
scZoUnD [109]

 


Answer: to a Director of Management Information Systems.

If Marianne, the payroll manager at Johnson manufacturing wants to upgrade the department's accounting systems, the person whom she would make the most sense to send her request for an upgrade is to a Director of Management Information Systems.

A Management information systems<span> (MIS) director contributes to growth in companies by improving information technology activities and computer resources. They also manage technical departments within an organization and ensure data is available, accurate and secure.</span>

4 0
3 years ago
Read 2 more answers
G<br>asdadsadadasdads nsdasdnnnasdnnnasd. ads
Mrrafil [7]

Answer:

lol... is that a question

Explanation:

8 0
3 years ago
If convertible bonds were issued at a discount, when computing diluted EPS, the amortization of the bond discount: Multiple Choi
Brums [2.3K]

<u>Answer:</u> Option 1

<u>Explanation:</u>

If the convertible bonds are issued at discount then it will increase the numerator. Convertible bonds yields a fixed interest income. When the convertible bonds are issued at a discount then they can be converted into shares and discount is considered in the purchasing price of the stock.

In amortized bond the each payment goes towards the interest as well as the principle amount. Amortization reduces the credit risk as the principle is repaid on maturity or on default of the firm.

6 0
3 years ago
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