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
steposvetlana [31]
3 years ago
15

You are given the following information for Thrice Corp.: Decrease in inventory $ 590 Decrease in accounts payable 245 Increase

in notes payable 230 Increase in accounts receivable 260
Business
1 answer:
Reptile [31]3 years ago
6 0

Answer:

Thrice Corp.:

1) Decrease in inventory $ 590

Debit in of solds $590

Credit in Inventory $590

2) Decrease in accounts payable

Debit in Accounts payable $245

Credit in cash or equivalents $245

3) Increase in notes payable 230

Debit in Expenses. $230

Credit in Notes payables. $230

4) Increase in accounts receivable 260

Debit Account receivable. $260

Credit Income. $260

You might be interested in
One problem with government operation of monopolies is that?
Nataly [62]

One problem with government operation of monopolies is that the government typically has little incentive to reduce costs.

<h3>What is a monopoly?</h3>

A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. The demand curve is downward sloping. A monopoly sets the price for its goods and services.

An example of a monopoly is a utility company

Here is the complete question:

One problem with government operation of monopolies is that a. a benevolent government is likely to be interested in generating profits for political gain. b. the government typically has little incentive to reduce costs. C. a government-regulated outcome will increase the profitability of the monopoly. d. monopolies typically have rising average costs.

To learn more about monopolies, please check: brainly.com/question/10441375

#SPJ1

6 0
2 years ago
BRAINLIEST
ladessa [460]
True. or at least walmart says its true so ya...hope hellped bell donut hahahaah
5 0
3 years ago
Read 2 more answers
11. When looking for capital, bankers and other lenders will usually feel most comfortable investing in a/an
andrew11 [14]
C) because lenders can evaluate their risk more easily using existing data on how that business has already been performing.
5 0
4 years ago
what is one of the reasons marketing is essential to the free market system A. it employs more people that any other career grou
Shkiper50 [21]

Answer:

B. it helps educate consumers about competitive products.

Explanation:

In the free-market economy, entrepreneurs have the freedom to start and operate any business of their preference. They are no restrictions on the number or type of business to establish. Due to this reason, business competition is very intense. Producers provide a variety of products and services that offer solutions to customers' problems.

Marketing becomes important as it informs consumers of the various goods and services available. It equips customers with the knowledge to enables them to choose between products.

5 0
3 years ago
Dermody Snow Removal's cost formula for its vehicle operating cost is $2,980 per month plus $328 per snow-day. For the month of
mina [271]

Answer: $950 Unfavorable

Explanation:

Following the information given in the question, the budgeted operating cost will be calculated as the addition of the fixed cost and the variable cost given and this will be:

= $2,980 + ($328 × Level of activity)

= $2980 + ($328 × 20)

= $2980 + $6560

= $9540

Since the actual operating cost is $10,490, then the Spending Variance for the vehicle operating cost will be:

= Flexible Budget - Actual Budget

= $9,540 - $10490

= $950 Unfavorable

7 0
3 years ago
Other questions:
  • Which description most closely matches the term: TIME CRITICAL A ) Used for complex operations or introduction of new equipment
    6·1 answer
  • Jericho Motors has $4 billion in total assets. The other side of its balance sheet consists of $0.4 billion in current liabiliti
    15·1 answer
  • An example of a capital budgeting decision is deciding: Group of answer choices how many shares of stock to issue whether or not
    9·1 answer
  • Panarin Company entered into two contracts on the same date with Hjalmarsson Corporation. Pana has provided the following analys
    11·1 answer
  • The december 31, 2015, balance sheet of maria's tennis shop, inc., showed current assets of $1,145 and current liabilities of $9
    9·1 answer
  • With three criteria, you can raise your rank on a search engine: competition, relevancy, and
    9·1 answer
  • Economists define normal goods as having a positive income elasticity. We can divide normal goods into two types: Those whose in
    9·1 answer
  • 1.) What are the three personal traits that help you most in the business world?
    7·1 answer
  • In what way did Jesus go beyond the commandments in his teaching? Name one of the commandments and explain how Jesus is asking f
    13·1 answer
  • Ken, a real estate agent, assures Lily that a certain parcel of commercial property fronts on the most highly trafficked street
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!