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3 years ago

During a rainstorm, water seeps into the ground. This process is called _____.

1 answer:

6 0

During a rainstorm, water seeps into the ground. This process is called infiltration! There are 6 processes and they are condensation, infiltration, runoff, evaporation, precipitation, and transpiration.

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The normal balances of sales, sales discounts, and sales returns and allowances are ________. debit, credit, and credit, respect

Y_Kistochka [10]

<h3><u>Answer;</u></h3>

credit, debit, and debit, respectively

<h3><u>Explanation</u>;</h3>

Normal balance of sales; Credit

Normal balance of sales discount; Debit

Normal balance of sale returns and allowances; Debit

A normal balance is the expectation that a particular type of account will have either a debit or a credit balance.
The normal balance of sales is credit.
The sales returns and allowances account is subtracted from sales because these accounts have the opposite effect on net income. Therefore, sales returns and allowances is considered a contra‐revenue account, which normally has a debit balance.
The account Sales Discounts is referred to as a contra-revenue account. Therefore; its is debit balance.

5 0

3 years ago

Fred and Lucy are married, ages 33 and 32, and together have AGI of $120,000 in 2019. They have four dependents and file a joint

algol13

Answer:

$3,800

Explanation:

According to the scenario, computation of the given data are as follow:-

Particular Amount ($)

Bills of doctor and dentist and hospital expenses 9,200

Less-received an insurance reimbursement 4,400

Add-prescribed medicines and drugs 3,000

Add-high deductible health insurance policy 5,000

Total expenses 12,800

Less- AGI’s 7.5% ($120,000 × 7.5% ) $9,000

After Deduction medical expenses for 2019 $3,800

Contribution of $2,600 to a qualification health savings account is a deduction for AGI. So it is not calculated in deduction.

According to the analysis, option (C) $3,800 is correct.

3 0

2 years ago

The LaGrange Corporation had the following budgeted sales for the first half of the current year:

Oxana [17]

Answer:

$168,250

Explanation:

Total Cash Collection would include cash collected from both Cash Sales and Credit Sales.

<u>Summary for Calculation of January Cash Collected</u>

Cash Sales $60,000

Credit Sales :

For January Sales ($160,000 × 45%) $72,000

For December Sales ($55,000 × 55%) $30,250

For November Sales ($30,000 × 20%) $6,000

Total Collection $168,250

Conclusion :

The total cash collected during January by LaGrange Corporation would be $168,250

3 0

3 years ago

Someone who diversifies investments is more likely to

AnnZ [28]

Answer:

offset their losses with gains.

Explanation:

8 0

2 years ago

Read 2 more answers

Gleason Construction enters into a long term fixed price contract to build an office building for $28,000,000. In the first year

Komok [63]

Answer:

Option B,$0 profit is the correct answer.

Explanation:

Using the completed-contract method in contract costing implies that all the revenue as well as the associated contract costs are recognized at the end of the contract period.

Specifically,Gleason construction in the process of constructing ,hence no costs and revenue can be recognized ,they are deferred to the completion date of the contract.

The correct option based above explanation is B,$0 profit

3 0

3 years ago

Read 2 more answers