Select the correct answer.

For each of the following accounts, indicate the effect of a debit or a credit on the account and the normal balance.

vladimir2022 [97]

Answer:

a. Accounts Payable

Accounts payable have a credit balance and will increase under credit effect and decrease under debit effect.

b. Advertising Expense

Advertising expense has a debit balance and will increase in case of debit effect and decrease in case of credit effect.

c. Service Revenue

Service revenue will be credited and will increase in case of credit effect and decrease in case of debit effect.

d. Accounts Receivable

Accounts receivables will be debited and increase under debit effect and decrease under credit effect.

e. Retained Earnings

Retained earnings will be credited and will increase in case of credit effect and decrease in case of debit effect.

f. Dividends

Dividends will be debited which will lead to an increase in it under debit effect and decrease under credit effect.

4 0

3 years ago

Barnes' Brothers has the following data for the year ending 12/31/2015: Net income = $600; Net operating profit after taxes (NOP

qwelly [4]

Answer: $490

Explanation:

Economic value added is the estimate of the economic profit of a firm. The economic value added(EVA) is also gotten when the capital charge for the raise of the firm's capital is deducted from the net profit.

Based on the above information, the economic value added will be:

= Net profit - (Total Operating capital × Weighted average cost of capital)

= $700 - ($2,100×10%)

= $700 - $210

= $490

3 0

3 years ago

N organization's hierarchy of authority refers to an organization's _____.

lara31 [8.8K]

commenting so I can get help too

3 0

4 years ago

Ben and chris combined their love of hockey with a business venture. they purchased a small portable cart and began selling hock

dybincka [34]

I believe the answer is: environmental circumstances are dynamic and tough to control

Because of this , the best thing that Ben and Chris could do under the situation is adjust their marketing strategy to cater to the unique situation at hand. For example, Ben and chris could reduce the overall price of the product by using cheaper material to attract most consumers.

4 0

3 years ago

Dickerson Co. is evaluating a project requiring a capital expenditure of $810,000. The project has an estimated life of 4 years

Genrish500 [490]

Answer:

The average rate of return on investment is 19.8%

Explanation:

According to the given data we have the following:

Initial Investment = $810,000

Salvage Value = $0

Henc, Average Investment = (Initial Investment + Salvage Value) / 2

Average Investment = ($810,000 + $0) / 2

Average Investment = $405,000

Average Net Income = ($75,000 + $100,000 + $109,000 + $36,000) / 4

Average Net Income = $320,000 / 4

Average Net Income = $80,000

Therefore, Average Rate of Return on Investment = Average Net Income / Average Investment

Average Rate of Return on Investment = $80,000 / $405,000

Average Rate of Return on Investment = 19.8%

The average rate of return on investment is 19.8%

6 0

3 years ago