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EastWind [94]
3 years ago
10

A cash payment of $130 on account was recorded as a $310 debit to accounts payable and a $310 credit to cash. the necessary corr

ecting entry is
Business
2 answers:
dexar [7]3 years ago
8 0

(310-130=180)

debit cash $180; credit Accounts Payable, $180

Hope this helped :) !

SOVA2 [1]3 years ago
3 0
310-130=180
Debit cash 180 credit amount pay 180
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Death or happiness or even sadness or maybe life or a happy feeling
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3 years ago
An economy is operating with output $300 billion above its natural level, and fiscal policymakers want to close this expansionar
topjm [15]

Answer:

$120 billion

Explanation:

Economy operating at $300 billion above its natural level of output.

Marginal propensity to consume, MPC = 3/5 = 0.6

For closing this expansionary gap, the government have to decrease its spending by the amount calculated as follows:

Spending multiplier:

= 1/ (1 - MPC)

= 1/ (1 - 0.6)

= 1/ 0.4

= 2.5

Hence, the government spending reduces by

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4 0
3 years ago
xyz company recently signed a lease on their new office space. as part of the lease agreement, they must pay for property's real
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If they must pay for property's real estate taxes and premiums for insuring the building. The type of lease xyz company sign is:<u> Double net lease.</u>

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Based on the given scenario the type of the lease xyz company sign is called double net lease as they have to pay for property's real estate taxes  as well premiums for insuring the building.

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4 0
1 year ago
Assume that the hourly cost to operate a commercial airplane follows the normal distribution with a mean of $5,793 per hour and
AfilCa [17]

Answer:

x1 = 4891.294

Explanation:

given data

mean μ =  $5,793

standard deviation  σ =  $439

solution

we know here that

P(x < x1 ) = 0.02     .................1

so

P(\frac{x-\mu }{\sigma } < \frac{x1-\mu }{\sigma }) = 0.02

so

P(z < \frac{x1-\mu }{\sigma }) = 0.02

\frac{x1-\mu }{\sigma }  = invNorm(0.02)

so

x1 = μ + σ × invNorm(0.02)    .....................2

we use here table for invNorm(0.02) and put value in eq 2

x1 = 5793 + 439 × (-2.054 )

x1 = 4891.294

8 0
3 years ago
How do i get my phone back after bad grades?
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Raise your grades up
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