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3 years ago

Consider the following list of accounts:

Business

1 answer:

elena-s [515]3 years ago

5 0

Answer:

C) Six.

Explanation:

As we already know that

The expenses, assets, losses, dividend contains a debit balance while on the other hand, the liabilities, revenues, revenues, gains, stockholder equity contains credit balance

If there is an increase in a debit balance account then it always shown in the debit side itself and vice versa

And, the same is applied for credit balance

Therefore, the accounts which have a normal debit balance are cash, utilities expense, salaries expense, account receivable, equipment, and the dividend

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3 years ago

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"A customer holds 10 ABC Jan 60 Call contracts. ABC Corporation is paying a 20% stock dividend. On the ex date, the contracts wi

Viefleur [7K]

Answer:

On the ex date, the contracts will show as:

10 ABC Jan 60 Calls

The customer must exercise call contracts to buy the stock prior to the Ex-Date

Explanation:

The reason is that if the customer is not exercising the call contracts then it will not be able to receive the stock dividend. Furthermore, the OCC doesn't adjust the contract because of the dividend announcement prior to exercise of contract. This means it will only adjust if the contract is exercised.

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3 years ago

The most recent data from the annual balance sheets of N&B Equipment Company and Jing Foodstuffs Corporation are as follows:

lilavasa [31]

Answer: N&B Equipment Company:

Current ratio = 1.33

Quick ratio = 0.746

Jing Foodstuffs Corporation:

Current ratio = 1.65

Quick ratio = 0.928

Explanation:

For N&B Equipment Company:

$Current\ Ratio=\frac{Current\ Assets}{Current\ liabilities}$

$Current\ Ratio=\frac{900}{675}$

= 1.33

$Quick ratio=\frac{Current\ Assets - Inventory}{Current\ Liabilities}$

$Quick ratio=\frac{900 - 396}{675}$

= 0.746

For Jing Foodstuffs Corporation:

$Current\ Ratio=\frac{Current\ Assets}{Current\ liabilities}$

$Current\ Ratio=\frac{1,400}{844}$

= 1.65

$Quick ratio=\frac{Current\ Assets - Inventory}{Current\ Liabilities}$

$Quick ratio=\frac{1,400 - 616}{844}$

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3 years ago

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Harrizon [31]

Answer:

Answer for the question:

Assume that the hypothetical economy of Molpol has 8 workers in year 1, each working 1,200 hours per year (40 weeks at 30 hours per week). The total input of labor is 9,600 hours. Productivity (average real output per hour of work) is $10 per worker

Instructions: In parts a and b, round your answers to the nearest whole number. In part c, round your answer to 2 decimal places.

a. What is real GDP in Molpol? Suppose work hours rise by 2 percent to 9,792 hours per year and labor productivity rises by 5 percent to $10.5

b. In year 2, what will be Molpol's real GDP?

c. Between year 1 and year 2, what will be Molpol's rate of economic growth? percent

Is given in the attachment.

Explanation:

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