1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
valentina_108 [34]
3 years ago
13

Explain what a contra account is by choosing the statement(s) below that correctly describe(s) a contra account. (Check all that

apply.) Multiple select question. A contra account would be subtracted from another account. A contra account is linked with another account. A contra account would be added to another account. Accumulated Depreciation is an example of a contra account. A contra account has an opposite normal balance than its linked account.
Business
1 answer:
insens350 [35]3 years ago
5 0

Answer:

Accumulated Depreciation is an example of a contra account.

A contra account would be subtracted from another account.

A contra account has an opposite normal balance than its linked account.

A contra account is linked with another account

Explanation:

Answer key

You might be interested in
Explain the difference between capital and capital goods
Phantasy [73]

Explanation:

Capital: The most important city or town of a country or region.

Capital goods: Goods that are used in producing other goods, rather than being bought by consumers

6 0
3 years ago
A firm is using experience curve pricing when it prices high worldwide in an attempt to position itself as a market leader.
Sedbober [7]

the answer is this true

4 0
4 years ago
For a natural monopoly to exist
vfiekz [6]

Answer:

The correct answer is A

Explanation:

Natural monopoly is the kind of monopoly which exists because of the high start up costs as well as the powerful economies of scale for conducting or performing a business in a particular industry.

And for this type of monopoly to exist , a firm or business need that the long run average cost curve will exhibit the economies of scale by the relevant range of the market demand.

3 0
3 years ago
Granfield Company is considering... Granfield Company is considering eliminating its backpack division, which reported an operat
torisob [31]

Answer:

$275,700 Decrease

Explanation:

Calculation to determine what The impact on Granfield's operating income for eliminating this business segment would be:

Using this formula

Impact on Operating income=Saving in Relevant fixed cost -Loss of Contribution Margin of backpack division

Let plug in the morning

Impact on Operating income=($530,000*40%)-($965,700-$478,000)

Impact on Operating income=$212,000-$487,700

Impact on Operating income=$275,700

Decrease in net Operating income

Therefore The impact on Granfield's operating income for eliminating this business segment would be:$275,700 Decrease

7 0
3 years ago
Suppose the cost of capital of the Gadget Company is 10 percent. If Gadget has a capital structure that is 50 percent debt and 5
myrzilka [38]

Cost of equity capital is closest to: 16 percent

Solution:

WACC is covered on page 120 Corporate Finance, under Capital Structure.

Using the standard equation for WACC = %wt Equity x cost of equity (re) + %wt Debt x cost of debt (rd).

Since there is a 20% tax rate for the firm, the cost of borrowing is reduced by that amount. So the cost of debt is 4%, not 5%.

Plug the formula: 10% = 50% x re + 50% x 4%

The formula ( i.e. 0.1+(0.1-0.05)(1)(1-0.2)) in CFAI reading is questionable.

The calculation is 0.1+(0.1-0.05*(1-0.2))*(1)=16%

7 0
3 years ago
Other questions:
  • Sonic Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, p
    14·1 answer
  • Lean Principles The chief executive officer (CEO) of Platnum Inc. has just returned from a management seminar describing the ben
    13·1 answer
  • What does dyslexia affect?
    10·2 answers
  • Hey y'all how y'all doingg today
    10·2 answers
  • You run a pizza delivery service in the greater New York area, delivering to Brooklyn, the Bronx, and Queens. How would you targ
    11·1 answer
  • Even if controls are in place, most companies require how man many signatures for checks over a certain dollar amount?
    13·2 answers
  • Multi-Level-Marketing is a quickly growing industry in the United States. Many men and women are deciding to work from home, sel
    10·1 answer
  • Allen Company used $71,000 of direct materials and incurred $37,000 of direct labor costs during the current year. Indirect labo
    13·1 answer
  • lanier company manufactures expensive watch cases sold as souvenirs. three of itssales departments are retail sales, wh
    8·1 answer
  • A firm has total debt of $1,380 and a debt-equity ratio of .23. what is the value of the total assets?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!