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
Montano1993 [528]
3 years ago
12

A company records an adjusting journal entry to record $10,000 depreciation expense. Which of the following describes the entry?

Select one: (A) Debit Property Plant and Equipment and Credit Cash (B) Debit Depreciation expense and Credit Property Plant and Equipment (C) Debit Depreciation expense and Credit Cash (D) Debit Property Plant and Equipment and Credit Depreciation expense (E) Debit Net Income and Credit Property Plant and Equipment Clear my choice
Business
1 answer:
Pavlova-9 [17]3 years ago
8 0

Answer:

(B) Debit Depreciation expense and Credit Property Plant and Equipment

Explanation:

the depreciation is the accrued expense recognize for the effect on time on the firm's assets. There is no cash involve in a depreciation It is an accounting expense. So A and C cannot be coorect.

As the depreciation is an expense, it will be debited. not credited. so D is incorect as well.

The net income is a figure which resumes the expenses and revenues of the company. It is not an account thus, it can't be debited or credited. Making E incorrect as well.

You might be interested in
Select the correct answer. Kendra is introducing a new range of products in a display at the store where she is the manager. She
velikii [3]
<h2>(D.), organize an in-store event.</h2>
4 0
3 years ago
In a marketing context, customers seek a fair return in goods and/or services for their hard-earned money and scarce time. They
Alinara [238K]

Answer:

the answer is They are seeking Economic <u>Value</u>.

Explanation:

In a marketing context, customers seek a fair return in goods and/or services for their hard-earned money and scarce time. They are seeking <u>value</u>, which reflects the relationship of benefits to costs, or what you get for what you give.

Value is variable, lets zero in on Economic Value since the subject is effective demand from a customer.

Economic Value is the worth or benefit derived from a product or service paid for. It could be comfort, pleasure, satisfaction, relief from pain, etc.

It is directly proportional to the amount paid for. Therefore, greater value attracts higher cost and vice versa.

6 0
3 years ago
The three financial ratios that constitute return on revenue are Cost of goods sold/Revenue, Research and Development expense/Re
stiv31 [10]

The three financial ratios that constitute return on revenue are Cost of goods sold/Revenue, Research and Development expense/Revenue, and Selling, general, & administrative expense/Revenue.

What ism financial ratios?

Financial ratios are instrument used by companies to make comparison or to  measure the relationship  between  different financial statement information or data.

Hence, the three financial ratios that constitute return on revenue  are:

  • Cost of goods sold/Revenue
  • Research & Development expense/Revenue
  • Selling, general, & administrative expense/Revenue

Learn more about financial ratios here:brainly.com/question/9091091

#SPJ1

6 0
2 years ago
Vulcan Materials stock price soared in the days following the election of President Trump. Vulcan's products, such as asphalt an
aev [14]

Answer:

<h2>Spending on infrastructure projects is an example of <u>Discretionary Fiscal Policy</u> aimed at increasing real GDP and employment.</h2>

Explanation:

  • A discretionary fiscal policy basically refers to the manipulation or adjustment of various fiscal instruments by the government such as public taxes and government spending.
  • The aim of discretionary fiscal policy is to adjust the overall macroeconomic condition in any country based on the existing or current situation or scenario.
  • Now,infrastructural spending is part of fiscal policy or instrument to adjust the macroeconomic condition of the country as reflected by necessary modification in the GDP and employment level.Hence, higher infrastructural spending by the government would expectedly increase the residential and commercial construction projects in the country thereby,enhancing the GDP and the employment level in the country and boost the overall economy.
8 0
3 years ago
Buster Evans is considering investing $20,000 in a project with the following annual cash revenues and expenses: Cash Cash Reven
Lady bird [3.3K]

Answer:

Accounting rate of return= 20%

Explanation:

<em>The accounting rate of return is the average annual income expressed as a percentage of the average investment.  </em>

<em>The simple rate of return can be calculated using the two formula below:  </em>

Accounting rate of return  

= Annual operating income/Average investment × 100  

Average investment = (Initial cost + scrap value)/2  

Average profit = Total profit over investment period / Number of years

Total revenue = 8000+12000+ 15000 + 20,000+ 20,000 = 75000

Total expenses= 8000 + 8000 + 9000 +10,000 + 10,000 = 45000

Cash profit = 75,000 - 45,000 = 30,000

Depreciation = 4000× 5 = 20,000

Accounting profit = Cash profit - Depreciation = 30,000- 20,000 = 10,000

Average profit = 10,000/5 = 2,000

Accounting rate of return = 2,000/20000× 100 = 20%

Accounting rate of return= 20%

6 0
3 years ago
Other questions:
  • Factor Co. can produce a unit of product for the following costs: Direct material $ 8 Direct labor 24 Overhead 40 Total product
    11·1 answer
  • Why do people have piggie banks answer please
    11·2 answers
  • Calculate owner equity in a business having 35,000 of assets and 10,000 of liabilities
    8·1 answer
  • Golden Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direc
    13·1 answer
  • Which of the following circumstances is (are) not an acceptance of the goods by the buyer
    12·1 answer
  • Green Corporation reported pretax book income of $1,000,000. During the current year, the net reserve for warranties increased b
    11·1 answer
  • A nation's ability to produce a product more efficiently than another country is referred to as
    6·2 answers
  • Purchase furniture to srija rs 30000​
    6·1 answer
  • Superior has provided the following information for its recent year of operation: The common stock account balance at the beginn
    12·1 answer
  • Given the following information, calculate the effective gross income: property: 4 office units, contract rents per unit: $2,750
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!