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
The Family and Medical Leave Act: Multiple Choice protects recovering drug addicts and those erroneously believed to be drug abu
Phantasy [73]

Answer:

entitles eligible employees of covered employers to take job-protected, unpaid leave for certain family-related or medical reasons.

Explanation:

The Family and Medical Leave Act is a labor law enacted by the 103rd United States Congress and signed by President Bill Clinton on the 5th of February, 1993.

The Family and Medical Leave Act entitles eligible employees of covered employers to take job-protected, unpaid leave for certain family-related or medical reasons.

7 0
3 years ago
You want to respond to it, and also to show ben your response. but you don't want jenny to see that you've sent it to ben
galina1969 [7]
OHHHHHHHHH BLEEEEEEEEEP, fight them
6 0
4 years ago
Suppose disposable income increases by $2,000 . As a result, consumption increases by $1,500 . Answer the questions based on thi
zlopas [31]

Answer:

The increase in savings resulting directly from this change in income is $500

The marginal propensity to save (MPS) is 0.25

Explanation:

In order to calculate The increase in savings resulting directly from this change in income we would have to make the following calculation:

increase in savings resulting directly from this change in income= increase in income - increase in consumption

increase in savings resulting directly from this change in income= $2,000 - $1,500

increase in savings resulting directly from this change in income=$500

The Marginal propensity to save = increase in savings/increase in income =

Marginal propensity to save = $500/$2.000

Marginal propensity to save =0.25

8 0
3 years ago
Capable Golf Cart, Inc. (CGC) manufactures two models of golf cart: LX and EX. The budget data for next month is available. LX E
Nuetrik [128]

Solution :

1. Allocation on the basis of $\text{Direct labor hours}$

                                              LX                               EX

Direct Material                    125000                       90000

Direct $\text{labor}$ cost                  90000                       60000

Manufacturing overhead      $81000$                        $121500$

                              (202500/5000 x 2000)     (202500/5000 x 3000)

Total cost                             296000                       271500

Units produced                       50                               30

Cost per unit                          5920                           9050

2. Allocation on the basis of $\text{Direct labor costs}$:

                                              LX                               EX

Direct Material                    125000                       90000

Direct labor cost                  90000                       60000

Manufacturing overhead    121500                       81000

                        (202500/150000 x 90000)     (202500/150000 x 60000)

Total cost                             336500                       231000

Units produced                       50                               30

Cost per unit                          6730                           7700

3. Allocation on the basis of $\text{machine hours}$

                                              LX                               EX

Direct Material                    125000                       90000

Direct labor cost                  90000                       60000

Manufacturing overhead    112500                        90000

                              (202500/2700 x 1500)     (202500/2700 x 1200)

Total cost                             327500                       240000

Units produced                       50                               30

Cost per unit                          6550                          8000

5 0
3 years ago
Umeron, a European country, wants to import 18 million bales of cotton from Trumberton, an Asian country. However, Umeron is abl
bazaltina [42]

The Schengen Area is one of the greatest achievements of the EU. It is an area without internal borders, an area within which citizens, many non-EU nationals, business people and tourists can freely circulate without being subjected to border checks. Since 1985, it has gradually grown and encompasses today almost all EU States and a few associated non-EU countries.

While having abolished their internal borders, Schengen States have also tightened controls at their common external border on the basis of Schengen rules to ensure the security of those living or travelling in the Schengen Area

7 0
3 years ago
Other questions:
  • Tatum Company has four products in its inventory. Information about the December 31, 2021, inventory is as follows: Product Tota
    7·1 answer
  • Which of the following is the number one method of financing for most new businesses​
    7·1 answer
  • A consumer downloads 4 movies and 3 apps per week. Suppose the price is $4 per movie and $4 per app, and the marginal utility th
    12·1 answer
  • Lotoya Davis Corporation has 10 million shares o common stock issued and outstanding. On June 1, the board of directors voted an
    14·1 answer
  • What are the benefits of voip​
    5·1 answer
  • In a private closed economy _____ investment is equal to saving at all levels of GDP and equilibrium occurs only at that level o
    6·1 answer
  • Teagan wants to buy a new refrigerator. The refrigerator costs $1650. Teagan decides to finance the refrigerator for 24 months a
    14·1 answer
  • Inflation is when _________ money is paid for the same amount of goods and services than in a previous time period. the same amo
    7·1 answer
  • Hat is a​ monopoly?
    6·1 answer
  • He is sincere change into Negative plssss​
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!