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
PolarNik [594]
3 years ago
8

Cheryl was balancing the Trial Balance of the company. She found that the debit balance totaled $73,000 and the credit balance w

as $70,000. Cheryl decided to open a suspense account. On which side of the suspense account will Cheryl record the difference of $3,000?
credit side
debit side
both sides
the difference is not recorded in the suspense account
Business
2 answers:
Arturiano [62]3 years ago
6 0

Answer:

B.  

debit side

Explanation:

klio [65]3 years ago
4 0
I think it is both sides

You might be interested in
Without ________ control, a business may fail. 7 letter word
erica [24]
Quality. The answer is quality
3 0
3 years ago
You are the only seller of eggs in town, and the price-elasticity coefficient for eggs is known to be 0.8. if you want to increa
kirill [66]

Answer:  To increase sale by 10%, the seller must lower the price of the good by 12.5%.

Explanation: Price elasticity of demand measures the responsiveness of quantity demanded to a change in the price. Since, demand and price for a normal good are negatively related to each other, price elasticity is also negative. It can be calculated using,

e_{d}=\frac{Precentage change in quantity demanded}{Percentage change in price}  -0.8=\frac{10}{Percentage change in price}  Percentage change in price = -\frac{10}{0.8}  Percentage change in price = -12.5

Therefore, to increase sale by 10%, the seller must lower the price of the good by 12.5%.

5 0
3 years ago
MC Qu. 114 Lowden Company has an overhead application... Lowden Company has an overhead application rate of 155% and allocates o
bogdanovich [222]

Answer:

the  overhead amount recorded is $139,500

Explanation:

The computation of the overhead amount recorded is shown below:

= Overhead application rate × direct material cost

= 155% × $90,000

= $139,500

Hence, the  overhead amount recorded is $139,500

We simply applied the above formula so that the correct value could come

7 0
3 years ago
Perform a horizontal analysis providing both the amount and percentage change. (Round Percentage answers to 1 decimal place. Dec
True [87]

Answer:

Find attached

Explanation:

Horizontal or trend analysis involves is a financial statement analysis technique that shows the percentage change or dollar change in a corresponding financial statement's item.

For example, the change in the fixed assets by a way of increase or decrease compared to last year's financial statements.

Formula:

change in a particular line item=(current year amount/previous year)-1

Download xlsx
3 0
3 years ago
Comprehensive income is defined as: Net income plus other comprehensive income. Changes in equity for a period resulting from al
SVEN [57.7K]

Answer: Changes in equity for a period from all sources except those by non-owner sources.                            

Explanation: In simple words, comprehensive income refers to those transactions that were not realized before so they later get recorded in the income statement.

These transactions usually results in increase in shareholders equity. Usually such transactions involve unrealized gain or loss from available for sale securities or foreign currency transactions.

8 0
3 years ago
Other questions:
  • A few years ago, in order to gain market share, Blackboard™, a well-known learning management system software company used by ma
    10·1 answer
  • The following information pertains to Trenton Glass Works for the year just ended. Budgeted direct-labor cost: 70,000 hours (pra
    12·1 answer
  • You are tearing down a building and find $1 in change that someone lost when working on the building 140 years ago. If, instead
    7·1 answer
  • In 2012, the city of Miketown collected $250,000 in taxes and spent $350,000. In 2012, the city of Miketown had a A) budget surp
    14·1 answer
  • The efficiency wage​ ______. A. is paid by firms who​ can't directly monitor the work effort of their employees B. is equal to t
    9·1 answer
  • Jan is an average salesperson. She tends to make her sales quota four out of every five months. Last month she closed the larges
    8·1 answer
  • The company manufactures three-wheeled bikes for adults. The company allocates manufacturing overhead based on machine hours. Ce
    13·1 answer
  • The following selected transactions were completed by Interlocking Devices Co., a supplier of zippers for clothing: 20Y7 Dec. 7.
    10·1 answer
  • At the end of the closing process, Income Summary will hold a balance.
    14·1 answer
  • What is the term given to a specialized accounting book or computer program in which information is transferred into specific ca
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!