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
Fantom [35]
4 years ago
12

LiveLife Company had a credit balance of $10,000 in accounts payable at the beginning of the period, and a credit balance of $6,

000 at the end of the period. Based on this information, the adjustment to net income for the period will be reported as:
Business
1 answer:
Katena32 [7]4 years ago
6 0

Answer:

A decrease of $4,000 which will be deducted from net income.

Explanation:

Since the beginning credit balance of $10,000 in accounts payable is grater than the ending balance of $6,000 in accounts payable, it implies a decrease of $4,000 (i.e. $10,000 - $6,000 = $4,000).

This difference which is a decrease of $4,000 in account payable will be deducted from the net income.

Therefore, Based on this information, the adjustment to net income for the period will be reported as a decrease of $4,000 which will be deducted from net income.

You might be interested in
3. Rank the following assets from most liquid to least liquid:
andrey2020 [161]

Answer:

.Currency

Checking account deposits

Savings deposits

Common Stock

Automobiles

Houses

Explanation:

Liquidity measures how fast an asset can be used as a medium of exchange.

Currency is the most liquid because it can be readily used as a medium of exchange.

Checking account deposit can easily be withdrawn and the cash can be used as a medium of exchange.

Savings deposits takes one or two days before cash is available.

Common stock is converted to cash in a longer period.

It is easier to sell an automobile than a house. Therefore, a car is more liquid than a house

I hope my answer helps you

5 0
3 years ago
The most likely effect of an decrease in income tax rates would be a(n): increase in interest rates. decrease in the supply of l
Shkiper50 [21]

Answer:  none of the above would occur

Explanation:

When there are lower tax rates, people will have more disposable income left aft paying taxes. It is from this disposable income that people are able to save so if it increases, they will be able to save more.

When they save more, supply of loanable funds will increase because loanable funds come from savings. Interest rates would therefore decrease because there are now more loanable funds.

4 0
3 years ago
The top global advertising firms have had a lot of mergers in recent years. why?
Tju [1.3M]
This is because of the rampant advertising activities that can be done through social media and other platforms related to the internet and the global network. The world has become too small already because of the presence of technology in the form of internet connection. The need for advertising firms is no longer that high because with just a click of a button you can already create your own advertising material and reach as many people as you can. This is the reason why a lot of top global advertising firms have seen a lot of mergers in the recent years of advertising.
5 0
3 years ago
Meredith is looking for work as a computer programmer. Although her prospects are good, she hasn't yet taken a job. Julie is loo
PSYCHO15rus [73]

Answer:

C

Explanation:

Frictional unemployment:  the period of time a person is unemployed from the period he leaves his current job and the time he gets another job. Meredith is searching for a job. Thus she is frictionally unemployed.

structural unemployment is an unemployment that occurs as a result of changes in the economy. These changes can be as a result of changes in technology, polices or competition. Structural unemployment tends to be permanent.

There seems to be a reduction in the demand for steel workers. Thus, Julie is structurally unemployed

3 0
3 years ago
​proponents of the audience first marketing strategy recommend using massive amounts of:
Marizza181 [45]
The answer is Big Data
8 0
3 years ago
Other questions:
  • If a check correctly written and paid by the bank for $649 is incorrectly recorded on the company's books for $694, the appropri
    9·1 answer
  • The lengthy process by which a job is examined in detail in order to identify the skills, knowledge and behaviors necessary to p
    12·1 answer
  • You talk to Kenji, the Japanese manager of the Swedish plant. He says the workers are uncooperative and do not carry out the ins
    5·1 answer
  • The head of the marketing area told alex to find the most stringent regulations on advertising to create the toughest standards.
    12·1 answer
  • Alaskan foodstuffs just announced the annual dividend for this coming year will be $0.36 a share and all future dividends are ex
    13·1 answer
  • An investment adviser that is a sole proprietor finds that its net worth (net capital) has fallen below the minimum requirement.
    5·1 answer
  • What is the easiest way to define demographic?
    6·1 answer
  • Suppose that the pizza shop sells a new possible topping, sardines, but insists that eachpizza either have sardines or anchovies
    15·1 answer
  • Consumer behaviour of poor class of pakistan
    10·1 answer
  • Burgundy, Inc., and Violet Gomez are equal partners in the calendar year BV LLC. Burgundy uses a fiscal year ending April 30, an
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!