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adelina 88 [10]
4 years ago
6

Indicate in which financial statement each item would most likely appear, by selecting income statement (I), balance sheet (B),

or statement of cash flows (CF) from the drop down provided.(a) Equipment(b) Expanses(c) Liabilities(d) Net decrease (or increase) in cash(e) Revenues(f) Total liabilities and equity(g) Assets(h) Cash from operating activities(i) Dividends
Business
1 answer:
Amiraneli [1.4K]4 years ago
7 0

Answer & Explanation:

equipment --> balance sheet, equipment is an asset account. It represnet long-term equipment that will generate revenue over a period of time

expenses --> Income Statment, the expenses are cost ofor a given period, they do not stay in he company, they occur and cease to exist. They decrease the earnings of the company.

Liabilties --> Balance Sheet, the liabilities arethe obligation to pay or do from the company.

Net decrease or increase in cash --> cash flow. It this statement we calcualte the origin of the cash andthe transaction which affected.

Revenues --> income statment The revenues are the income from the company's operations. It generates profit

Total liablities and equity --> balance sheet. This total matchesthe total asset in theblaance sheet to provee the accounting equation is correct

Assets --> balance sheet The assets represent the thing or rights the company have which, will use to generate income in the near future.

Cash from operating activities --> cash flow This are cash generated from the main activity of the company

Dividends --> cash flow, the dividend will decrease the ammount of cash, as they are paid with business money.

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ABC Corporation has noticed the following transactions havent been account for in its income statement for the year ended Decemb
grin007 [14]

Answer:

The proper amount of expenses to be included in the income statement for the year is $6,650

Explanation:

The computation of the expense amount which is included in the income statement is shown below:

= Repair expenses + electricity bill + insurance expense

= $4,650 + $800 + $1,200

= $6,650

The insurance expenses are given for the three months but we have to calculate for the 2 months only  

So for two months = $1,800 × 2 ÷ 3 = $1,200

And, the wages are given for the last year which is not included in the income statement as it shows outstanding wages. So, we do not consider it.

5 0
3 years ago
Kim runs a restaurant. She expects her employees to deliver excellent customer service. As a result, the employees often feel pr
Harrizon [31]

Answer:

C) The authority-compliance style

Explanation:

Kim as well as other managers that follow the authority-compliance style believe that their subordinates are not important members of the organization. What matters is profits, and the higher the better, the needs of the employees are secondary.

This style focuses on exact work rules, arrangements, systems and discipline as a means to succeed. In the short run this leadership style can yield good results, improving employees' performance, but on the long run it doesn't work well, and all the benefits obtained at the beginning fade away.

5 0
3 years ago
Hollis Industries produces flash drives for computers, which it sells for $20 each. Each flash drive costs $13 of variable costs
Helen [10]

Answer:

The contribution  margin ratio is 35%

Explanation:

The formula for contribution is given below:

Contribution margin = revenue − variable costs.

Contribution margin ratio is given as:

(Sales – variable expenses) ÷ Sales

In this case,contribution is given as 1000*($20-$13), in other words selling price per unit minus variable cost multiplied by number of units sold.

Contribution is $7000

contribution margin ratio =$7000/($20*1000)

                                         =0.35  or 35%

The implies that Hollis Industries makes a contribution of 35% per unit of output sold,hence, the contribution contributes towards covering fixed costs and making profit overall

4 0
3 years ago
Lucinda is a self-employed veterinarian in 2019. Her Schedule C net earnings are $86,000 for the year. Calculate the total amoun
trapecia [35]

Answer:

$79,421

$12,151.413

Step by Step Explanation:

The self-employment taxable income is 92.35% of net earnings. While the tax rate for self-employment tax liability is 15.3% for year 2019

Schedule C net earnings: $86,000

Self-employment taxable income rate: 92.35%

Self-employment taxable income= 92.35%×86,000

=$79,421

Self-employment taxable income: $79,421

Self-employment tax rate: 15.3%

self-employment tax liability=

Self-employment taxable income×Self-employment tax rate

$79,421×15.3% =$ 12,151.413

5 0
3 years ago
______ occurs when strong points are made at the end of a message and are considered most persuasive.
Y_Kistochka [10]

The recency effect happens when robust points are made on the quit of a message and are considered the most persuasive.

The definition of persuasive is a person or something with the energy to persuade. An instance of persuasion is a controversy that changes someone's mind. adjective.

Someone or something that is persuasive is likely to influence a person to consider or do a selected thing. What do you observe were a number of the extra persuasive arguments on the alternative side? I may be very persuasive once I need to be.

A person with persuasive character development is capable of persuading others to do, accept as true with, or buy things. How they do it varies widely and regularly depends on their average persona kind (A, B, C, and D in our tests). some persuasive human beings have confident, sturdy personalities that others have a tendency to go along with.

Learn more about persuasive here:

brainly.com/question/25726765

#SPJ4

5 0
2 years ago
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