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kakasveta [241]
3 years ago
13

Which list of accounts below, identifies only accounts that would appear on a balance sheet. Multiple choice question. Supplies

Expense, Supplies, Dividends Rental Revenue, Accounts Payable, Accounts Receivable Common Stock, Equipment, Accounts Payable Wages Expense, Cash, Supplies g
Business
1 answer:
Crank3 years ago
8 0

Answer:

See below:

Explanation:

supplies, dividends, accounts payable, accounts receivable, common stock, equipment, accounts payable, cash

the last one is “supplies g” ? I don’t know what this is supposed to be. Supplies was already listed and is on the balance sheet. Supplies expense was also already listed and is not on a balance sheet.

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A small firm intends to increase the capacity of a bottleneck operation by adding a new machine. Two alternatives, A and B, have
Ronch [10]

Answer:

Alternative A : 7,800 units

Alternative B: 5,250 units

Explanation:

\frac{Fixed\:Cost}{Contribution \:Margin} = Break\: Even\: Point_{units}

Were:

Sales \: Revenue - Variable \: Cost = Contribution \: Margin

for A:

15 - 10 = 5 contrbution margin

each unit contributes 5 dollars

then: $39,000 fixed cost / $5 per unit =  7,800 units

It need to sale 7,800 untis to pay the fixed cost generated for alternative A

for B:

15 - 11 = 4 contribution margin

each unit contributes 4 dollars

then: $21,000 fixed cost / $4 per unit = 5,250

It need to sale 5,250 units to pay the fixed cost for this alternative

7 0
3 years ago
Is depreciation defined as spreading costs over time?
Shtirlitz [24]

Answer:

Yes

Explanation:

<em>Depreciation can summarily be defined as spreading the cost of a tangible item over the course of the through which the item would be useful.</em>

When an item such as office furniture, electronics, etc., is purchased, the lifespan of the item is estimated and the cost is spread over the period of its lifespan. At the end of each financial period, the cost of the item for the period is removed from the value of the item and the new value is input into the balance sheet.

Correct answer: yes.

3 0
3 years ago
Read 2 more answers
What is money that interests can spend on behalf of candidates without being restricted by federal law
Rom4ik [11]

Answer: soft money

Explanation:

Hard money and soft money are just ways by which several kinds of currencies are being described. While hard money simply refers to coins, soft money is used to refer to the paper currencies.

Soft money can also refer to the cash that is being given to a particular political party that has no limits being attached. It is the money that interests can spend on behalf of candidates without being restricted by federal law.

3 0
3 years ago
"A customer buys a $1,000 par 4 ½% Treasury Bond, maturing July 1, 2042, at 102-8 on Thursday, February 6th in a regular way tra
Andrei [34K]

Answer:

37 days

Explanation:

Given the following :

Date of purchase = 6th of February

Bond interest is paid on January 1st and July 1st.

Since, the treasury bond was purchased on the 6th of February, the the accrued or accumulated interest will be calculated from January 1st till the purchase date (6th of February).

(Number of days in January) + 6 days in February

Number of days in January = 31

Days of accrued interest = (31 + 6) = 37

3 0
3 years ago
On August 2, 2013, Jun Co. receives a $6,000, 90-day, 12% note from customer Ryan Albany as payment on his $6,000 account.
vodka [1.7K]

Answer:

Aug 2 2013   Notes Receivable  6000 Dr

                           Accounts Receivable   6000 Cr

Oct 31 2013  Interest Receivable  180 Dr

                          Interest Revenue       180 Cr

Oct 31 2013  Cash                        6180 Dr

                         Notes Receivable      6000 Cr

                         Interest Receivable      180 Cr

         

Explanation:

When the note is received, the customer account will be closed and accounts receivable will be credited while a new asset of notes receivable will be created and notes receivable is debited.

The interest on notes receivable is calculated assuming a 360 day year and the 12% is annual interest rate.

The interest on note is 6000 * 0.12 * 90/360 = $180

The interest is income so wull be credited while as it is receivable, the interest receivable will be debited.

On 31 October when the note is honored and cash is received, it will be total of principal + interest so cash = 6000 + 180 = 6180

As a result, the assets notes and interest receivables will be closed and credited against cash.

8 0
4 years ago
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