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3 years ago

Consumed to fuel day to day expenditure

1 answer:

5 0

Energy Expenditure can be expressed as a gross or net term. The total amount of energy expended for a specific activity including the resting energy expenditure. Gross energy expenditure is typically used for between person comparisons. Hope it helps

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the financial system consists of financial _____, such as commercial banks, and financial markets, such as the stock market.

vazorg [7]

The financial system consists of financial intermediaries, such as commercial banks, and financial markets, such as the stock market. This is further explained below.

<h3>What are financial intermediaries?</h3>

Generally, financial intermediaries are simply defined as Banks, building societies, and unit-trust companies are all examples of financial intermediaries.

In conclusion, Institutions like commercial banks and marketplaces for trading financial instruments like stocks and bonds make up the financial system.

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5 0

2 years ago

Students who choose to attend a technical school will likely go to work in

Nana76 [90]

Most time, the students who choose to attend a technical school will likely go to work in the trade.

<h3>What is a technical school?</h3>

This refers to the schools are also known as technical colleges or institutes and offer an education that prepares students for a specific trade or career.

Most time, its issues a certification after studying a course that teaches certain education courses based on an occupational skill.

Among the options, the students who choose to attend a technical school will likely go to work in the trade.

Therefore, the Option A is correct.

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5 0

1 year ago

Raymond Autobody Shop has the following accounts

Rashid [163]

Answer and Explanation:

The creation of the chart of the account by applying the standard numbering system is presented below:

For the assets it would be started by 100

For the liabilities it would be started by 200

For the owner equity it would be started by 300

For the revenue it would be started by 400

And, for the expenses it would be started by 500

Now the creation is as follows

Balance sheet

Assets Liabilities Stockholder equity

100 Cash 200 Account payable 300 R. capital

110 Automotive supplied 210 unearned revenue 300 R. withdrawal

120 equipment

Income statement

 Revenue Expenses 

  400 service revenue 500 utilities expense

510 advertising expense

5 0

3 years ago

Abbott Landscaping purchased a tractor at a cost of $32,000 and sold it three years later for $16,000. Abbott recorded depreciat

nadezda [96]

Answer:

Record the sale

Dr Cash $16,000 Debit

Dr Accumulated Depr $18,000 Debit

Cr Equipment $32,000 Credit

Cr Gain $2,000 Credit

DEBIT (Cash + Acc Dep) $34.000 Debit

CREDIT (Equip.+Gain) $34.000 Credit

Explanation:

Equipment $32.000 Debit

Equipment Value for Depreciation $30.000 Because $2,000 is the residual value that does not compute for depreciation

Accumulated Depr $18.000 Credit

The accumulated Depreciation is calculated by dividing the equipment value of $30,000 by 5 years of service life.

As the equipment only was used 3 years, the accumulated depreciation only reflect $6,000*3 = $18,000

Record the sale

Dr Cash $16.000 Debit

Dr Accumulated Depr $18.000 Debit

Cr Equipment $32.000 Credit

Cr Gain $2.000 Credit

DEBIT (Cash + Acc Dep) $34.000 Debit

CREDIT (Equip.+Gain) $34.000 Credit

As the residual value of the equipment it's $14,000 ( $32,000 - $18,000) and the sale was by $16,000, it means a gain of $2,000

3 0

3 years ago

The following data are extracted from the stockholders' equity section of the balance sheet of Guthrie Corporation: 12/31/19 12/

Inessa [10]

Answer:

$14,800

Explanation:

We will get the Net Income by preparing Trial-account of Retained earnings.

Retained earnings

Cash dividend $7,500 Beginning balance $50,000

Stock dividend $5,000 Net Income $14,800 (Balance figure)

Ending balance $52,300

Total $64,800 $64,800

7 0

2 years ago