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3 years ago

Which of the following journal entries represents an increase in accounts payable correctly

Business

1 answer:

PtichkaEL [24]3 years ago

8 0

Answer:

C) Inventory xxx Accounts Payable xxx

Explanation:

Accounts payable is a liability, and a liability always has a credit balance, as the amount is due to them. The company needs to pay them back.

Accordingly the company buys inventory and the inventory is an asset and thus, the company will debit the inventory account.

Whenever any purchases are made, or any service is utilized on credit then the company creates an accounts payable as a liability as against it.

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Automobile firms can use their inputs to make hybrid cars or "regular" (non-hybrid) cars. If the equilibrium price of hybrid car

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Answer: a) an increase in the Equilibrium price of "regular" cars.

Explanation:

It is stated that the automobile companies use their inputs to make either the hybrid cars or the regular cars.

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This would reduce the amount of inputs that they have available for regular cars and so they will make less regular cars.

As this supply of regular cars decreases,the supply curve will shift to the left and the price will increase to cater for this reduction in supply.

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3 years ago

If you try not to spend more than _______ minutes with each new contact, you can network easily and successfully through a large

Lady_Fox [76]

30bminutes successfully through a huge crowd

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3 years ago

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GANTT refers to the Generalized Activity Network Tracking Technique which was developed to better understand how variability in

RSB [31]

Answer:

False

Explanation:

A Gantt chart is named that way because it was originally developed by Henry Gantt. A Gantt chart represents a project schedule and it depicts the relationship between the activities that are being carried out and their schedule status. It includes the start and finish dates of the project's main activities, tasks, dependencies and milestones.

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3 years ago

Account analysis, high-low. Luwak Coffees wants to find an equation to estimate monthly utility costs. Luwak has been in busines

Inessa [10]

Question Completion:

See attached.

Answer:

Luwak Coffees

1. Water bill is fixed. Electricity bill is variable. Telephone bill is mixed.

2. High-Low method:

Water bill = $120 + 0q

Electricity bill = $0.3q

Telephone bill = $140 + $0.02q

where q = the quantity of each cost consumed.

3. Water bill = $120 + 0q

Electricity bill = $0.3q

Telephone bill = $140 + $0.02q

= $260 + $0.32q

4. No solution. There is no relationship with machine hours, employees, and units with utility bills.

Explanation:

a) Data and Calculations:

Month Electricity Bill Kilowatt Hours Used

January $ 720 2,400

February $ 840 2,800

March $1,098 3,660

April $ 810 2,700

May $1,176 3,920

June $1,248 4,160

July $1,044 3,480

August $1,194 3,980

September $1,260 4,200

October $1,230 4,100

November $1,188 3,960

December $1,266 4,220

Telephone Bill $184.

Low cost = Jan $ 720 2,400

High cost = December $1,266 4,220

Low cost = Jan $ 720 2,400

Difference = $546 1,820

Variable cost per unit = $546/1,820 = $0.3 per kwh

Fixed cost, using December's figures:

Variable cost = $1,266

Fixed cost = $0 ($1,266 - 4,220 * $0.3)

Telephone bill:

High, June $197.60 2,880

Low, April 178.20 1,960

Difference $18.40 920

Variable cost = $18.40/920 = $0.02

Fixed cost = Total cost - Variable cost

= $197.60 - (2,880 * $0.02)

= $140

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4 0

3 years ago