1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vanyuwa [196]
3 years ago
11

An account balance is: the total of the credit side of the account. the total of the debit side of the account. the difference b

etween the increase and decrease recorded in the account. Asset
Business
1 answer:
DedPeter [7]3 years ago
6 0

Answer:

The correct answer to the following question is option C) the difference between the increase and decrease recorded in the account .

Explanation:

Account balance can be defined as the amount of money that is present in savings or current account ( or it can be said as the financial repository ) at any given point of time . The account balance is always described as the net amount after taking in all the debits and credits in to account . Whenever there is a negative account balance , then it means it is net debt, for example overdraft on a current account.

You might be interested in
Manuel and Poornima White live in Swarthmore, PA. Poornima's father, Shen, lives in Sweden. For each of the following transactio
ss7ja [257]

Answer:

a. The Federal Aviation Administration expands the runways at Philadelphia International Airport, which is just a few miles from Manuel and Poornima's house.

Identification: Government spending. This is the spending done by government in buying goods and services

b. Poornima buys a new BMW, which was assembled in Germany.

Identification: Imports. These are purchases by domestic consumers from foreign countries

c. Shen in Sweden orders a bottle of Vermont maple syrup from the producer's website.

Identification: Exports. These are purchases by foreign consumers from home countries

d. Manuel's employer upgrades all of its computer systems using U.S.-made parts.

Identification: Investment. It is a part of GDP if made in accumulation of capital and inventory

e. Poornima gets a new video camera that was made in the United States.

Identification: Consumption. This includes consumer's spending on durables and non-durable produced domestically.

4 0
3 years ago
Question Help The production demand for widgets for a​ 250-workday year is​ 7,500 units. Ordering costs are​ $25.00 per order an
vazorg [7]

Answer:

120

Explanation:

Data provided in the question:

Number of workdays in a year = 250

Demand, D = 7,500 units

Ordering costs, F =​ $25.00 per order

Carrying costs, C =​ $9.00

Lead time = 4 days

Now,

Reorder point = Lead Time in days × Average Daily Demand

also,

Average Daily Demand = Demand ÷ Number of workdays in a year

= 7500 ÷ 250

= 30

Thus,

Reorder point = 4 × 30

= 120

7 0
3 years ago
To create strong partnering relationships, marketing channel members must develop mutual trust, openly communicate, have common
Mariulka [41]

It is important that members of marketing channel develop the willingness to invest in each other's success to create strong partnering relationships.

<h3>Who are members of marketing channel?</h3>

In a marketing channel, these member are the individuals that help the producer to channel their products to consumers.

The members of marketing channel includes a wholesales, retailers, agent etc.

In conclusion, these member must always be willing to invest in each other's success to create strong partnering relationships.

Read more about marketing channel

<em>brainly.com/question/25339343</em>

6 0
3 years ago
On January 1, 2017, Bonita Industries had Accounts Receivable of $53,100 and Allowance for Doubtful Accounts of $3,600. Bonita I
Lubov Fominskaja [6]

Answer:

                                  Journal Entry

Date             Account and Explanation         Debit   Credit

Jan 5                 Account receivable                 4500  

                                 Sales revenue                               4500

                              (To record sales)  

Feb 2                    Notes receivable                   4500  

                            Account receivable                               4500

                   (To record notes receivable)  

Feb 12                   Notes receivable                 11520  

                                Sales revenue                                        11520

                              (To record sales)  

Feb 26                    Account receivable        11600  

                                Sales revenue                                        11600

                              (To record sales)  

Apr 5                      Notes receivable            11600  

                                Account receivable                                 11600

                         (To record notes receivable)  

Apr 12                            Cash                           11712  

                                       Notes receivable                         11520

                                      Interest revenue                          192

                          (To record amount received)

June 2                             Cash                           4620  

                                   Notes receivable                                 4500

                                    Interest revenue                                  120

                         (To record amount collect)  

June 15                       Notes receivable            2100  

                                        Sales revenue                               2100

                                      (To record sales)

5 0
3 years ago
True or false? the internal revenue code forbids nonprofit hospitals to make a profit.
andrew11 [14]
That is FALSE

hope i helped
7 0
3 years ago
Other questions:
  • Refer to the given balance sheets and assume the reserve ratio is 25 percent. suppose the federal reserve banks buy $2 in securi
    9·1 answer
  • Which of the following would be considered an asset on a bank's balance sheet? a. ​Demand deposits b. ​Savings accounts c. ​Loan
    10·2 answers
  • ST Trucking just signed a $3.8 million contract. The contract calls for a payment of $1.1 million today, $1.3 million one year f
    11·1 answer
  • Shawn is planning a bus trip across town that involves three buses. Bus 1 travels between Shawn’s house and downtown, and it lea
    10·1 answer
  • A $25,000 bank loan is to be repaid in equal yearly payments of $2745 over 15 yr at an effective annual interest rate of 7%. The
    12·1 answer
  • ABC Company sells several products. Information of average revenue and costs is as follows: Selling price per unit $34 Variable
    10·1 answer
  • 3. Company with single taxation is called?
    6·1 answer
  • These mineral deposits can be found by plates boundaries because they brought to the surface through?
    7·1 answer
  • In the labor market, the _______ adjusts to balance the quantity of labor supplied and the quantity of labor demanded
    6·1 answer
  • In the _________ bias, a decision maker subconsciously decides something even before investigating, and then seeks information t
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!