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3 years ago

If you entered the data into the incorrect cells, you can move the data easily instead of deleting and retyping. True False

Business

2 answers:

prisoha [69]3 years ago

6 0

When I to marketing class at my school I was able to highlight the cell and move it. So i think it is True.

Orlov [11]3 years ago

4 0

Answer:

True

Explanation:

When you are using a spreadsheet, if you entered the data into the incorrect cell, you can click on it and cut the information there which will delete it from that cell and then click on the correct one and paste it there. This will avoid having to delete and retype it. According to this, the statement is true.

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White Laundry Company purchased $6,500 of supplies on June 2 and recorded the purchase as an asset. On June 30, an inventory of

Alexeev081 [22]

Answer:

4. debit supplies expense, $3,500; credit supplies, $3,500.

Explanation:

Assuming there is no opening inventory of supplies. So the purchases mad is the only inventory which is in stock during the Month of June. Stock has been used during the month and at the end of the month it remains only $3,000.

Using following Formula we will calculate the supplies Expense.

Ending Inventory of supplies = Opening Inventory of supplies + Purchases - supplies Expensed in the period

$3,000 = $0+ $6,500 - Supplies Expensed in the period

$3,000 = $6,500 - Supplies Expensed in the period

$6,500 - $3,000 = Supplies Expensed in the period

Supplies Expensed in the period = $3,500

So, the entry will be

Debit supplies expense $3,500

Credit supplies $3,500

6 0

3 years ago

15 POINTS Describe the steps of the check clearing process.

Morgarella [4.7K]

Answer:

hope help you stay happy

6 0

3 years ago

Southeast Systems has the following balance sheet and the income statement. The company had 10 million shares of common stock ou

solong [7]

Answer:

1) net cash flow from financing activities:

Dividends paid ($2,000,000)

Net cash flow from financing activities ($2,000,000)

No new stocks were issued, nor any new long term debt was taken.

2) total increase in cash from 2013 to 2014 was $50,000,000

there are two ways to calculate this:

ending balance of cash account 2014 - ending balance of cash account 2013 = $100 - $50 = $50 million

cash flow from operating activities = $52 + $$50 + $100 - $100 - $50 = $54

cash flow from investing activities = $0

cash flow from financing activities ($2)

net cash increase = $50 million

Explanation:

Southeast Systems Balance Sheets

2013 2014

Cash $50 $100

Accounts receivable 600 700

Inventory 500 550

Net fixed assets 1,000 1,000

Total Assets $2,150 $2,350

Accounts payable $450 $500

Notes payable 300 400

Long-term debt 650 650

Common equity 300 300

Retained earnings 450 500

Total Liabilities & Owner’s Equity $2,150 $2,350

Income Statement 2014

Sales $2,370

Cost of goods sold 2,070

Depreciation 200

EBIT 100

Interest expenses 20

Taxable income 80

Taxes 28

Net income $52

Dividends $2

4 0

4 years ago

The standard direct labor hours allowed is computed as a.Unit Labor Standard × Actual Output. b.Unit Labor Standard × Practical

Vladimir [108]

Answer:

a. Unit Labor Standard × Actual Output.

Explanation:

The standard direct labor hours allowed is the number of hours held for per unit based on the actual number of units produced. It can be determined by multiplying the unit labor based on standard per hour with the actual output

In mathematically,

Standard direct labor hours allowed = Unit Labor Standard × Actual Output

Hence, all other options are wrong

5 0

3 years ago

The amount paid for stock is the most a shareholder can lose in the corporate form of ownership.

tiny-mole [99]

This statement is true. The amount the shareholder has paid for the stock he owns is the amount of potential loss he can incur as a result of being an owner in a corporation. The creditor of the company cannot run to the personal properties of each shareholder. This condition makes the corporation differ from partnership.

4 0

4 years ago