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
cricket20 [7]
3 years ago
12

An accumulated depreciation account has a normal credit balance. increases on the debit side. is a contra-liability account. is

offset against total assets on the balance sheet.
Business
1 answer:
Savatey [412]3 years ago
7 0

Answer: In an accumulated depreciation account, there is a normal credit balance.

Explanation:

Accumulated depreciation has a normal credit balance as a result of the aggregation of the amount of expenses on depreciation that is charged against the fixed assets. The accumulated depreciation account is matched together with the fixed assets on the balance sheet. This is done in order to know the remaining worth of the fixed assets.

The amount of the accumulated depreciation tend to increase as more depreciation is put against the fixed assets which results in a lower book value. On a balance sheet, fixed assets have a debit balance so the accumulated depreciation must be written on the credit balance so as to offset the fixed assets.

You might be interested in
Both a call and a put currently are traded on stock XYZ; both have strike prices of $45 and expirations of 6 months.
pychu [463]

Answer:

a. Profit to an investor who buys call for $4

a. $ -4

b. $ -4

c. $ -4

d. $ 1

e. $ 6

b. Profit to an investor who buys call for $6.5

a. $1.5

b. $6.5

c. $ -1.5

d. $ -3.5

e. $ -8.5

Explanation:

The call option is a derivative in which an investor buys an option to buy the asset at a certain price. The value of the call option is determined by maturity. The buyer of call option can buy an asset at a strike price before expiration date.

If the investor buys the call option for $4 then the $4 is an expense for the investor. The value of call will be -4 unless the stock price is above $50.  

If the investor buys the call option for $6.5 then the $6.5 is an expense for the investor. The value of call will be -6.5 unless the stock price is below $50.  

6 0
3 years ago
Olivia is willing to pay $185 a month for four years for a car payment. if the interest rate is 4.9 percent, compounded monthly,
Grace [21]
Let x = the price of the car that Olivia can afford.

Down payment = $2,500
Remaining amount to be financed is P = x - 2500.

Total payments should equal the monthly payments.
The total payment over 4 years (48 months) is
A  = $185*48 = $8,880

The rate is r = 4.9% = 0.049.
The compounding interval is n = 12.
The time is t = 4  years.
The amount financed is P = $(x - 2500).
Therefore
(x - 2500)(1 + 0.049/12)⁴⁸ = 8880
1.216(x - 2500) = 8880
x - 2500 = 7302.63
x = 9802.63
Olivia can afford a car priced at $9,802.63.

Answer: $9,802.63

4 0
3 years ago
Wright Company recently petitioned for bankruptcy and is now in the process of preparing a statement of affairs. The carrying va
Nady [450]

Answer:

the total amount owed to general unsecured creditors is $71,000

Explanation:

The computation of the total amount owed to general unsecured creditors is shown below:

= Account payable + wages payable + taxes payable + interest on note payable + interest on bond payable

= $40,000 + $6,000 + $12,000 + $5,000 + $8,000

= $71,000

hence, the total amount owed to general unsecured creditors is $71,000

The same is to be considered

3 0
3 years ago
Cost of debt For which capital component must you make a tax adjustment when calculating the weighted average cost of capital (W
professor190 [17]

Answer:

your dog

Explanation:

because its your dog

5 0
3 years ago
What term means the unused option when deciding how to use one's<br> resources.
andrezito [222]

Answer:

Opportunity cost

6 0
3 years ago
Other questions:
  • Data concerning Follick Corporation's single product appear below: Selling price per unit $ 300.00 Variable expense per unit $ 7
    6·1 answer
  • When serving a lemon drop shot, what do you give the customer?
    7·1 answer
  • A shocking fact: 66% of all teenagers have a tv set in their room. if an opinion poll chooses an srs of 1000 teens and asks if t
    5·1 answer
  • How did the k-abc differ from the stanford-binet and wechsler tests?
    10·1 answer
  • Operational-level manufacturing systems deal with the firm's long-term manufacturing goals, such as where to locate a new plant.
    9·1 answer
  • An example of a need is
    12·1 answer
  • The management of Irving Inc., an apparel company based in Letonia, decides to expand the company's operations to several other
    9·1 answer
  • Assume that an asset costing $72,000 is expected to produce 500,000 units and have a salvage value of $6,000. The first year, 90
    11·1 answer
  • . Ellen has a thirty-year mortgage with level monthly payments. The amount of principal in her 82nd payment is $259.34, and the
    15·1 answer
  • Describe the customer intimacy and operational excellence related information problems that drove PepsiAmericas to adopt a more
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!