Which of the following statements is not correct?

Business

1 answer:

Alexeev081 [22]3 years ago

5 0

Answer:

B. The owner's drawing account is closed to the Income Summary account

Explanation:

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Unemployment insurance

sveta [45]

Answer: The correct answer is "d. reduces search effort which raises unemployment.".

Explanation: Unemployment insurance reduces search effort which raises unemployment because the unemployed who receive this unemployment insurance, lose motivation to look for work because they are calm knowing that they will receive unemployment insurance, which causes unemployment to increase.

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4 years ago

Insulorinc. is expecting cash flows of $67,000 at the end of each year for the next five years. if the firm's discount rate is 1

arsen [322]

Answer: $214,356.19 Explanation: Present value of Annuity = P[(1-(1+r)^-n)/r] = 67000(1-(1+0.17)^-5/0.17) = 214,356.19

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3 years ago

Which of the following is included in the normal journal entry to record the collection of accounts receivable previously writte

dlinn [17]

Answer:

Debit Accounts Receivable, credit Allowance for Doubtful Accounts.

Explanation:

To record the collection of accounts receivable previously written off when using the allowance method, the first step is to debit Accounts Receivable, and then credit Allowance for Doubtful Accounts. This purpose of this to reverse the already written off amount.

The next step after that is to complete the entries by debiting Cash, and crediting the Accounts Receivable to record the cash collection in respect of previously written off accounts receivable.

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4 years ago

In addition to the problems stated here, what other issue contributed to the problems faced by Native Americans on the Great Pla

frez [133]

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.
i think the answer is B which is Timber land was harvested, robbing Native Americans of a valuable resource

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3 years ago

Selected t-accounts of moore company are given below for the just completed year: raw materials bal. 1/1 15,000 credits ? debits

Basile [38]

1. what was the cost of raw materials used in production during the year?
The Cost of Raw Materials Used based on the T-account is 110,000

2. how much of the materials in (1) above consisted of indirect materials?
Of the 110,000 Cost of Raw Materials used, 20,000 consists of indirect materials.
110,000 - 90,000 = 20,000

3. how much of the factory labor cost for the year consisted of indirect labor?
The indirect labor of the factory labor cost for the year is 35,000.
185,000 - 150,000 = 35,000.

4. what was the cost of goods manufactured for the year?
The cost of goods manufactured for the year is 470,000. Work-in-Progress T-account.

5. what was the unadjusted cost of goods sold for the year?
The unadjusted Cost of goods sold for the year is 450,000. Finished goods T-account.

3 0

4 years ago