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Dafna11 [192]
4 years ago
11

Consider the following list of accounts:

Business
1 answer:
elena-s [515]4 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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If the economy booms and peoples' incomes rise, then the demand curve for a normal good like new houses will ________ and the eq
Maslowich

If the economy booms and peoples' incomes rise, then the demand curve for a normal good like new houses will shift to the right and the equilibrium quantity of new houses produced will increase.

An economy is the area of ​​production, distribution, trade, and consumption of goods and services. Generally, it is defined as a social domain emphasizing practices, discourses, and material expressions related to the production, use, and management of scarce resources.

The economy is the area of ​​production, distribution, trade, and consumption of goods and services. Generally, it is defined as a social domain emphasizing practices, discourses, and material expressions related to the production, use, and management of scarce resources.

Learn more about the economy here

brainly.com/question/1106682

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7 0
1 year ago
On December 31, Strike Company has decided to sell one of its batting cages. The initial cost of the equipment was $215,000 with
Eddi Din [679]

Answer:

The loss is "$10,000" and the gain is "$25,000".

Explanation:

The given amount is:

Cost,

= $215,000

Accumulated depreciation,

= $185,000

Book value,

= $30,000

Now,

The loss on sales will be:

= Sale \ price-Book \ value

= 20,000-30,000

= 10,000 ($)

The gain on sales will be:

= Sales \ price-Book \ value

= 55,000-30,000

= 25,000 ($)

6 0
3 years ago
Horton invests personally owned equipment, which originally cost $110,000 and has accumulated depreciation of $30,000 in the Hor
Zarrin [17]

Answer:

Dr Equipment $60,000

Cr. Horton, capital $60,000

Explanation:

Based on the information given we were told that Both of the partners agree that the fair value of the equipment was the amount of $60,000 which means that The appropiate journal entry made by the partnership to record Horton's investment should be:

Dr Equipment $60,000

Cr. Horton, capital $60,000

6 0
3 years ago
A $52,000 loan is taken out on a boat with the terms 3% apr for 36 months. the apr is compounded monthly. how much are the month
boyakko [2]

Answer:

Monthly payments=($56890.673/36)=$1,580.296

Explanation:

The formula for calculating the compound interest is given as;

A=P(1+r/n)^nt

where;

A-Amount to be paid after a given period of time

P-Principal amount initially taken=$52,000

r-The annual interest rate=3%=3/100=0.03

n-Number of times the interest is to be compounded per unit time=12

t-3

Replacing;

A=52000(1+0.03/12)^3

A=52000(1.0025)^(3×12)

A=56,890.673

The total amount after 36 months=$56,890.673

Monthly payments=($56890.673/36)=$1,580.296

5 0
3 years ago
Blanchard Company manufactures a single product that sells for $ 180 per unit and whose total variable costs are $ 126 per unit
Nuetrik [128]

Answer:

Part 1

<u>Income Statement at 15,600 units</u>

Sales ($ 180 x 15,600)                                     $2,808,000

Less Variable Costs ($126 x 15,600)             ($1,965,600)

Contribution                                                        $842,400

Less Fixed Costs                                               ($842,400)

Net Income                                                                    $0

Part 2

$3,278,000

Explanation:

Break even (units) = Fixed Cost ÷ Contribution per unit

                               = $ 842,400 ÷ ($ 180 - $126)

                               = 15,600 units

<u>Assume the company's fixed costs increase by $ 141.000</u>

Break even (units) = Fixed Cost ÷ Contribution per unit

                               = ($ 842,400 + $ 141.000) ÷ ($ 180 - $126)

                               = 18,212 units

Break even Revenue = 18,212 x  $ 180 =  $3,278,000

6 0
3 years ago
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