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
bulgar [2K]
3 years ago
14

A debit may signify a(n) a. decrease in a liability account b. decrease in an asset account c. increase in the retained earnings

account d. decrease in the dividends account
Business
1 answer:
In-s [12.5K]3 years ago
6 0

Answer:

a. decrease in a liability account

Explanation:

A debit account records the expenses, losses and the assets account whereas the credit account records the revenues, gains, and the liabilities & stockholder equity

The liabilities have a credit balance. If there is a decrease in a liability account the balance of liabilities account would be shown on the debit side

Therefore, the correct option is a.

You might be interested in
Two of the economy’s most important financial intermediaries are
svet-max [94.6K]

Answer:

d. banks and mutual funds.

Explanation:

Financial intermediaries are bodies or individuals that connect surplus and deficit agents. These institutions serve as middlemen among diverse parties in financial transactions. These include banks, mutual funds, pension funds, building societies etc. Banks and mutual funds are two of the economy's most important financial intermediaries.

6 0
3 years ago
Smooth Fusion Inc. is a software company, which has built and acquired numerous assets over the years. According to the resource
ser-zykov [4K]

Answer: Option C

           

Explanation:

The human resource of any company is the most valuable resource as the use of all other resources are dependent on it.

In the given case, the company have acquired a lot of assets over the years, that means the company do not lack in technology and physical resources like machinery etc.

Now the company can gain a competitive advantage by using the expertise of their employees in usage of the assets acquired.

Hence from the above we can conclude that the correct option is C .

8 0
3 years ago
Intangible assets
vampirchik [111]

Answer: OPTION D

Explanation: In simple words, intangible assets refers to those assets which does not have any physical existence but still are crucial for the operations of the organisation. Goodwill and patent rights are some of the examples of intangible assets.

These assets could be long term or short term therefore they are shown as a separate classification in the balance sheet.

Hence the correct option is D.

4 0
3 years ago
Economist george stigler once wrote that, according to consumer theory, “if consumers do not buy less of a commodity when their
lyudmila [28]
George Stigler is a known American economist and according to his theory the Consumer theory, he quoted that <span>“if consumers do not buy less of a commodity when their incomes rise, they will surely buy less when the price of the commodity rises.” This means that when consumers do not purchase a certain product even if their incomes increases, that is considered normal, but when the product increases in value, we can expect that these consumers will buy less of the product.</span>
5 0
4 years ago
Read 2 more answers
During the course of one week, the local burger joint has enough time to hire or layoff workers, but it does not have enough tim
Irina-Kira [14]

Answer:

d. is in the short run

Explanation:

In the short run, at least one factor of production is fixed. In this question, the kitchen area and sitting space are fixed. These represents the fixed costs.

In the long run, all factors of production are variable.

The variable cost in this question , is the cost of Labour.

I hope my answer helps you

3 0
4 years ago
Other questions:
  • You have taken out a $350,000, 3/1 ARM. The initial rate of 6.0% (annual) is locked in for 3 years. Calculate the outstanding ba
    12·1 answer
  • On January 1, you sold one February maturity S&amp;P 500 Index futures contract at a futures price of 2,422. If the futures pric
    12·1 answer
  • The following is a saving and investing plan. Is it diversified? Deposit $1,000 in a basic savings account. Purchase a savings b
    11·2 answers
  • Fred quits his job with a big accounting firm, where he was earning $95,000 per year, to start his own accounting business in a
    12·1 answer
  • If California was in a major drought, would a strong El Niño (very positive ENSO Index) or strong La Niña (very negative ENSO In
    12·1 answer
  • You put money into an account that earns a 5 percent nominal interest rate. The inflation rate is 2 percent, and your marginal t
    11·1 answer
  • Which of the following is an implication of the law of​ supply?
    6·1 answer
  • During 2021, its first year of operations, American Laminating Corporation reported an operating loss of $120 million for financ
    14·1 answer
  • Tyreek pitches four investors. They agree to each invest $25,000 and value Tyreek's company at 200,000. How much of the company
    10·2 answers
  • A portfolio consists of $13,400 in Stock M and $18,900 invested in Stock N. The expected return on these stocks is 8.50 percent
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!