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RoseWind [281]
2 years ago
6

On the worksheet, the Service Revenue account has a credit balance of $20,000 on the Unadjusted Trial Balance. In the Adjustment

s there is a credit of $2,000. What is the amount for Service Revenue in the Adjusted Trial Balance?
Business
1 answer:
Vesnalui [34]2 years ago
6 0

Answer:

$22,000

Explanation:

Data provided

Credit balance = $20,000

Credit amount = $2,000

The computation of the amount for Service Revenue in the Adjusted Trial Balance is shown below:-

The Amount for service revenue = Credit balance + Credit amount

= $20,000 + $2,000

= $22,000

Therefore we have applied the above formula for determining the Amount for service revenue.

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Assume that Verizon Communications, Inc. reports the following selected balance sheet and income statement information for 2012
GalinKa [24]

Answer:

TIE 6.26238

Explanation:

Times Interest Earned:

\frac{EBIT}{Interest \: Expense} = 6.26238

EBIT = earnings before Interest and Taxes

\frac{13,652}{2,180} = 6.26238

4 0
3 years ago
The following set of main points for a persuasive speech on a question of policy follows which pattern of organization? I. A car
snow_tiger [21]

Answer: comparative advantages

Explanation:

Comparative advantages order refers to a method of organizing persuasive speeches whereby the speaker gives points on how the solution to a particular problem is preferable than other solutions that are proposed l.

It is a way of structuring a persuasive speech when the audience knows that there's a challenge regarding a particular thing but wants to be convinced that a particular plan is the best solution when compared to other plans.

In this case, since the speaker is trying to tell the audience that carbon tax is a better solution than an emission trading system to the problem of industrial pollution, then this is referred to as comparative advantage order.

8 0
2 years ago
The major advantage of debt financing is the: Group of answer choices number of different sources from which it is available amo
Eduardwww [97]

The major advantage of debt financing is the number of different sources from which it is available amortization benefits.

It is referred to as debt financing when a business takes out a loan that will be repaid with interest at a later time. A secured or unsecured loan could be used to finance it. To finance operating capital or an acquisition, a company will take out a loan.

A party, the debtor, is obligated by a debt to pay another person, the creditor, money or another agreed-upon value. In contrast to an immediate purchase, debt involves deferred payments or a series of payments.

Learn more about debt financing here brainly.com/question/26895906

#SPJ4

3 0
1 year ago
Which of the following statements are true regarding dividends? (You may select more than one answer. Single click the box with
seropon [69]

Answer:

The options that are true regarding dividends include:

  1. A stock dividend increases the number of outstanding shares.
  2. A stock dividend commonly indicates management's confidence that the company is doing well.

Explanation:

A stock dividend is a payment to shareholders that is made in shares rather than in cash.

Once investors receive stock dividends, the number of their shares will increase. this validates the first statement

Secondly, stock dividends have a tax advantage for the investor. The share dividend, like any stock share, is not taxed until the investor sells it unless the company offers the option of taking the dividend as cash or in stock.

The stock dividend has the advantage of rewarding shareholders without reducing the company's cash balance thereby indicating management's confidence in the company is well-being.

3 0
3 years ago
Read 2 more answers
Bramble Corp. recorded operating data for its auto accessories division for the year. Sales $790000 Contribution margin 260000 T
Andrei [34K]

Answer:

80%

Explanation:

For computing the return on investment first we have to need the following calculations

New contribution margin = Old contribution margin + increase  in contribution margin

= $260,000 + $30,000

= $290,000

And,

Net Income = Contribution margin - Total direct fixed costs

= $290,000 - $90,000

= $200,000

ROI = Net income ÷  average operating assets

= $200,000 ÷ $250,000

= 80%

3 0
3 years ago
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