Commission earned but not received is debit or credit?

The following is a list of account titles and amounts (dollars in millions) from a recent annual report of Hasbro, Inc., a leadi

vichka [17]

Answer:

Hasbro, Inc.

Balance Sheet

Assets

Current Assets:

Cash and cash equivalents $893

Accounts receivable 1,111

Allowance for doubtful accounts (16) 1,095

Inventories 340

Prepaid expenses and

other current assets 392

Total current assets $2,720

Property, Plant, and Equipment (net):

Buildings and improvements $ 234

Land and improvements 7

Machinery, equipment, and software 504

Other noncurrent assets 658

Accumulated depreciation (509)

Property, Plant, and Equipment (net) $894

Other Assets:

Goodwill $ 593

Other intangibles 1,123

Accumulated amortization

(other intangibles) 798 325

Other assets $918

Total assets $4,532

Explanation:

a) Data and Calculations:

Current Assets:

Cash and cash equivalents $893

Accounts receivable 1,111

Allowance for doubtful accounts (16) 1,095

Inventories 340

Prepaid expenses and

other current assets 392

Total current assets $2,720

Property, Plant, and Equipment (net):

Buildings and improvements $ 234

Land and improvements 7

Machinery, equipment, and software 504

Other noncurrent assets 658

Accumulated depreciation (509)

Property, Plant, and Equipment (net) $894

Other Assets:

Goodwill $ 593

Other intangibles 1,123

Accumulated amortization

(other intangibles) 798 325

Other assets $918

8 0

3 years ago

One of the advantages of a c corporation is ease of formation true or false

ziro4ka [17]

Answer:

true

Explanation:

A corporation is a form of business that gives room for seprate , legal entity but it is usually guided by some group of intelectuals referred to as board of directors. The corporation structure is the most advantageous way to kick start a business because it is the corporation operates as a separate entity.

Corporation has all the legal rights of an individual except some little limitations on right to voting and some other little limitations.

5 0

3 years ago

1. Why are individuals so important to the NASA project teams? 2. What is the Lessons Learned Program and how might it relate to

Nikolay [14]

Answer: The answers are provided below.

Explanation:

1. NASA is an acronym for the National Aeronautics and Space Administration, which is a federal agency in charge of aerospace research, aeronautics, and also the civilian space program.

People are key to everything done at NASA. People mean more than astronauts, but everyone that go into completing a project. People are so vutal because they are the ones that make up the teams which ultimately help NASA reach its goals.

2. The Lessons Learned Program is a database that is established so that NASA workers can input their experience, findings, errors, successes, trials, recommendations and case analyses.

The NASA Lessons Learned Program is a database that contains official reviews, and the learned lessons from NASA projects, programs, and astronauts. Project management is risk management and this enables the project management team to better assess and reduce risk by not making same mistake twice

3. The team bears the responsibility for the achievement of success but it must be done by individual cooperation. Cooperation as a team is vital at NASA. Therefore, it is important for the individuals to hold themselves accountable so as to ensure that risk is avoided as much as possible.

4. NASA believes characteristics of a good project manager should include passionate about the task at hand, being optimistic, possessing the ability to surround yourself with people who are competent, communicating effectively with others, knowing your job, ensuring your team knows their job, working well with others, and integrity.

5. Leadership integrity has all to do with project success. Integrity is what one does when no one is watching. As a leader, one must always maintain integrity in order to ensure ones actions are always in the team's best interest.

6 0

3 years ago

Real GDP per capita Multiple Choice 1. can grow either more slowly or more rapidly than real GDP. 2. cannot grow more slowly tha

Nat2105 [25]

Answer:

1) can grow either more slowly or more rapidly than real GDP.

Explanation:

Real GDP per capita is the result of dividing real GDP by the total population of a country. Real GDP per capita changes are determined by both the changes in the real GDP and the changes in the population.

If real GDP grows at a slower rate than the population, then real GDP per capita will decrease. But if real GDP grows at a faster rate than the population, then real GDP per capita will increase.

For example, real GDP grows at 3% while population grows at 2%, real GDP per capita will grow by 1%. But some countries have positive economic growth and negative population growth, so the real GDP could grow by only 2%, but since the population growth is -1%, the real GDP per capita will grow at 3%.

7 0

3 years ago

Which of the following is not true about the national income identity given by the equation: S +(T - G) = 1 + CA?

kati45 [8]

Answer:

None of the options are False.

Explanation:

CA means Current Account Balance

T means Taxes

G means Government Spending

S equals National Savings and

I equals Investment

Cheers!

4 0

3 years ago

Commission earned but not received is debit or credit?​

Commission earned but not received is debit or credit?