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Anit [1.1K]
3 years ago
10

Norbert Inc. delivered goods and services during December. Payment is expected during the first week of January. The related adj

usting entry should consist of a debit to a(n) ____ account and a credit to a(n) _____ account.
Business
1 answer:
Vsevolod [243]3 years ago
8 0

Answer:

The correct word for the blank spaces are: asset; revenue.

Explanation:

By delivering goods expecting payment at a later date, Norbert Inc. is increasing its <em>accounts receivable</em>. This type of profit takes place when goods or services are provided in credit and the payment is set in the future. In the example, according to the Generally Accepted Accounting Principles (GAAP), the <em>accounts receivable must be debited to an asset account and credited to a revenue account</em>.

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​Business Computer Solutions Education Service enters into a contract to employ Chandra as an instructor for two years to begin
nadezda [96]

Answer:

Material breach

Explanation:

It is more likely due to a material breach. Material breach of agreement is a break that strikes so profoundly at the core of the agreement that it renders the understanding and nullifies the point of making the agreement in any case. The breach must go to the very foundation of the understanding between the gatherings.

5 0
3 years ago
During the Great Depression, the gross domestic product in the United States fell 30 percent. What do you think happened to the
kiruha [24]

Answer:

The production possibilities frontier shifted inward.

Explanation:

Production possibilities frontier also called production possibilities curve

is based on the assumptions that the available resources in an economy can produce only two commodities, it depicts the number of commodity B the society can forgo in order to produce commodity B, given the available resources.

During the war the productive base of United States was affected negatively as some of the production inputs were destroyed and this reduced the GDP by 30%. Some of the factors that can shift the production possibilities curve inward is natural disaster, war, unemployment and limited money supply.

4 0
3 years ago
En el periódico lee que el PIB aumento debido a un incremento en las variables internas privadas. ¿A qué variables se refiere?
Julli [10]

Answer:

<em>precios de productos y servicios</em>

Explanation:

El PIB de un país aumenta cuando el valor total de los productos y servicios que los productores nacionales venden a países extranjeros excede el valor total de los bienes y servicios extranjeros que compran los consumidores nacionales. <em>Estos productos y servicios son las variables internas y pueden variar desde alimentos, facturas de servicios públicos e incluso el pago de una sesión de masaje.</em>

4 0
3 years ago
If we want to produce more computers, we must give up the production of some cameras, which is referred to as ________.
antiseptic1488 [7]

If we want to produce more computers, we must give up the production of some cameras, which is referred to as production efficiency.

Production efficiency is a word used in economics to describe the point at which an economy or other entity can no longer produce more of one good without reducing the level of production of a different one. When production is allegedly taking place along a production possibility frontier, something occurs (PPF). The terms "production efficiency" and "productive efficiency" are interchangeable. Similar to operational efficiency, productive efficiency refers to how effectively something is performing. The mapping of a production possibility frontier is central to the economic idea of production efficiency. When analyzing economic operational efficiency, economists and operational analysts often additionally take into account a few more financial variables, such as capacity utilization and cost-return efficiency.

Learn more about production efficiency here:

brainly.com/question/23879464

#SPJ4

7 0
1 year ago
Which group works to help members establish internal political stability?
kirill115 [55]
The answer for this question is C
4 0
3 years ago
Read 2 more answers
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