Answer:
see below
Explanation:
This transaction is affecting the bank's balance and F brown accounts. It is increasing the bank balance( asset account) by 4000 and increasing accounts payable/F brown ( liabilities account) by 4000.
An increase in assets is debited while an increase in liabilities is credited.
the journal entry will be
Bank A/c Dr. 4000
F brown A/c 4000
Answer:
b. A truck held for resale by an automobile dealership
Explanation:
Property plant and equipment are physical or tangible assets used by an organization in the ordinary course of business. They include Land and building used in ordinary business operations, plant and machinery used in production, Land improvements, such as parking lots and fences etc. Such assets are usually depreciated as they are used and in accordance with the organization's policy. However, assets held for sale are not used by the organization in the ordinary course of business rather, the company holds them till such assets are sold. No depreciation is computed on the assets held for sale. Hence, from the options given, a truck held for resale by an automobile dealership is the only item held for sale and does not qualify for recognition as property plant and equipment. The right answer is b.
Answer:
b. output increased dramatically, due to labor productivity increases.
Explanation:
Between 1870 and 1910, corn and wheat output increased dramatically, due to labor productivity increases.
This is a graph based question and hence reading off the graph provided in the scenario the output more than doubled between 1870 and 1910
Answer:
E. Is the purpose realistic?
Explanation:
A purpose would be referred to as realistic, when it is backed by real evident reasons which determine the chances of happening or non happening of an event. It refers to realistic perception which is backed by logics, reasons and practicality rather than a desire, whim or an impulse.
In the given case, the company is going through a rough patch financially. In such a scenario, one of it's employees is desirous of pay raise and is considering to compose and send a message for the same object.
With available facts and situation apparent to the employee, it would first realistically seek an answer to the question, whether realistically his demand would be met, given the situation.
The employee needs to weigh in the pros and cons and decide if it would be the right time to send such a message and the possibility of how such a demand would be responded/reacted to.
