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3 years ago

Which item shows a credit balance in the Trial Balance?

Business

2 answers:

Gre4nikov [31]3 years ago

6 0

Answer:

Asset and expense accounts appear on the debit side of the trial balance whereas liabilities, capital and income accounts appear on the credit side.

skad [1K]3 years ago

6 0

Answer:

A/P

Explanation:

A/R is assets, A/P is liability.

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On December 31, 2020, Vaughn Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and Vaug

Alinara [238K]

Answer:

1. 31 Dec

Dr Notes receivable $261,600

Dr Discount on notes receivable $45,401

Cr Sales revenue $216,199

B. 31-Dec

Dr Discount on notes receivable $21,619.9

Cr Interest revenue $21,619.9

C. Dec-31

Dr Discount on notes receivable $23,781.1

interest revenue $23,781.1

Dr Cash $261,600

Cr Notes receivable $261,600

Explanation:

A. Preparation of the journal entry to record the transaction of December 31, 2015, for the Ed Abbey Co

December 31, 2015

Dr Notes receivable $261,600

Dr Discount on notes receivable $45,401

($261,600-$216,199)

Cr Sales revenue $216,199

Computation of present value of note

PV of $261,600 due in 2 years at 10%

$261,600*.82645 = $216,199

B. Preparation of the journal entry for December 31, 2016

31-Dec

Dr Discount on notes receivable $21,619.9

[10%*$216,199]

Cr Interest revenue $21,619.9

C. Preparation of the journal entry for December 31, 2017

Dec-31

Dr Discount on notes receivable $23,781.1

interest revenue $23,781.1

($45,401-$21,619.9 )

Dr Cash $261,600

Cr Notes receivable $261,600

3 0

3 years ago

Discuss the tradeoffs between fiber-optic and satellite communication in terms of costs, signal capacity, signaling method, inte

mylen [45]

Answer:

Explanation:

I will split this answer into two options...

Fiber Optic communications work by sending data through beams of light through a series of fiber cables. This allows for data transfer at incredibly high speeds and with an almost non-existent probability of data loss. Since cables need to be connected from one end-point to another this form of communication becomes more expensive and the capability of reconfiguration becomes incredibly difficult. The likelihood of failure is also very low due to the nature of the technology.

Satellite communication sends data wirelessly by beaming the data to satellites and then back down to the destination. This allows for data to be transferred worldwide but runs into the risk of interference, data loss, signal loss etc. Costs are much cheaper than Fiber Optics due to the lack of wiring. Multipoint capabilities are high since endpoints can be placed anywhere with a clear line of sight to the sky, which also means that reconfiguration capabilities are high as well.

5 0

3 years ago

To prepare for a trial between SmartPhones, Inc., and TechApps Company, TechApps' attorney places SmartPhones' chief executive o

katrin [286]

Answer:

A deposition

Explanation:

Deposition is the term under the law of the US (United States), which is defined as it involve the taking of sworn, oral testimony in the out of court, to witness that it might reduce to a transcript which is written for the later use in the court or for the motive or the purpose of the discovery.

Therefore, a deposition is required to prepare for the trial among the companies so that the court official make a record of the questions of the attorney and the answers of the CEO.

5 0

3 years ago

Use the following information to answer the next question. Harvey quit his job at State University where he earned $45,000 a yea

algol [13]

Answer: Option(a) is correct.

Explanation:

Total Revenue = Units sold × price per unit sold

= 11,000 × $75

= $825,000

Explicit cost = Units sold × cost per unit

= 11,000 × $55

= $605,000

Implicit cost = Earning at state university + Entrepreneurial talent + cash bonds at 10% interest

= $45000 + $5,000 + ($100,000 × 10%)

= $60,000

Economic profits = Total Revenue - (Explicit cost + Implicit cost)

= $825,000 - ($605,000 + $60,000)

= $825,000 - $665,000

= $160,000

7 0

3 years ago

Grover Corp. manufactures three products, and is currently facing a labor shortage. The selling price, costs, and labor requirem

Svetradugi [14.3K]

Answer:

A, C, B

Explanation:

Calculation to determine In what order should Grover Corp. prioritize production of its products to maximize profit during the labor shortage

Product A Product B Product C

Selling price $ 44.00 $ 18.00 $ 28.50

Less Variable cost per unit

$ 28.00 $ 15.00 $ 27.00

=Contribution margin per unit

$16.00 $3.00 $1.50

÷Direct labor hours per unit 2.00 1.50 .50

=Contribution margin per labor hour

$8.00 $2.00 $3.00

PRODUCT A=$16.00÷2.00

PRODUCT A=$8.00

PRODUCT B=$3.00÷1.50

PRODUCT B=$2.00

PRODUCT C=$1.50÷.50

PRODUCT C=$3.00

RANKING:

PRODUCT A=$8.00

PRODUCT C=$3.00

PRODUCT B=$2.00

Therefore based on the above calculation the order that Grover Corp.should prioritize production of its products to maximize profit during the labor shortage will be from the highest Contribution margin per labor hour to the lowest which are A,C,B

5 0

3 years ago

Read 2 more answers