What is 1087 in Roman numerals

Purchasing office supplies on account will: Multiple Choice Not change assets. Increase assets and decrease liabilities. Increas

Kobotan [32]

The correct option is C - Increase assets and increase liabilities

<u>Explanation:</u>

When anorganization purchases office supplies on account then it becomes essential to record such supplies as supplies on hand. Generally, in a business organization, the supllies on hand are used up within the span period of one year which means that they are to be recorded as current asset in the financial statement ( balance sheet). As no cash has been paid to merchandise, so it increases the liabilities also.

Therefore, it will increase the current assets and current liabilities.

3 0

4 years ago

Which of the following will most likely be considered an indirect materials cost for a bakery A eggs B milk C spices D milk

fomenos

Answer:

I think spices

hope this helps

6 0

3 years ago

Home Depot selling plywood at wholesale prices during Hurricane Andrew could be considered, (Select the most appropriate answer.

ludmilkaskok [199]

Answer:

d. Possibly a profitable

Explanation:

Wholesale cost goals is to earn profit and sell all goods at a higher price thereby making money and profit. Not consumer centered.

8 0

3 years ago

Following is a list of advantages and disadvantages of the corporate form of business. Identify each quality as either an advant

alexgriva [62]

Answer:

a - Advantage

b - Advantage

c - Advantage

d - Advantage

e - Disadvantage

f - Advantage

g - Advantage

Explanation:

To begin with, most of the statements are advantages of the corporate form of business due to the fact that they describe and show how that type on entity has better ways to run business when it comes to comparing with other forms. Therefore that the fact of having ownership and management separated allows the business to have a better organization when it comes to the decision making process. Also the fact that stockholders' liability is limited so they do not are in danger beyond their participation in the company and so on with the other statements. The only statement that show a disadvantage is the one that states that the corporate form is exposure to double taxation so that implicates to pay more taxes and that generate money issues for the company.

7 0

3 years ago

Presented below is information from Headland Computers Incorporated.

oksian1 [2.3K]

Answer:

July 1

Dr Accounts receivable $22,600

Cr Cash $22,600

Dr Sales returns and allowances $1,334

Cr Allowances for Sales returns and allowances $1,334

July 10

Dr Cash $21,922

Dr Sales Discount $678

Cr Accounts Receivable $22,600

July 17

Dr Accounts receivable $256,100

Cr Sales revenue $256,100

July 30

Dr Cash $256,100

Cr Accounts receivable $256,100

Explanation:

Preparation of the necessary journal entries for Headland computers.

July 1

Dr Accounts receivable $22,600

Cr Cash $22,600

Dr Sales returns and allowances $1,334

Cr Allowances for Sales returns and allowances $1,334

July 10

Dr Cash $21,922

($22,600-$678)

Dr Sales Discount $678

(3%*$22,600)

Cr Accounts Receivable $22,600

July 17

Dr Accounts receivable $256,100

Cr Sales revenue $256,100

July 30

Dr Cash $256,100

Cr Accounts receivable $256,100

7 0

3 years ago

What is 1087 in Roman numerals​

What is 1087 in Roman numerals