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Alinara [238K]
3 years ago
15

A revenue account is increased by debits. is decreased by credits. has a normal balance of a debit. is increased by credits.

Business
1 answer:
Elenna [48]3 years ago
5 0

Answer: is increased by credits

Explanation:

Revenue accounts are increased by credits because they are an equity account and equity accounts increase by credit. This is because the corresponding entry would be an asset such as cash and as the asset has to increase by being debited, revenue must be increased by credit.

Other accounts that are increased by credit include liabilities. Accounts that increase by debits apart from assets include purchases and expenses.

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The ____ method indicates whether value is expected to be created for shareholders
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Lifetime value or LTV
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3 years ago
Acheson Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its
Ira Lisetskai [31]

Answer:

$160,637.40

Explanation:

Calculation for the applied manufacturing overhead for the year

First step is to find the Predetermined overhead rate using this formula

Predetermined overhead rate=Estimated manufacturing overhead÷Estimated machine-hours

Let plug in formula

Predetermined overhead rate=157,150÷4,520

Predetermined overhead rate= 34.77

Last step is to calculate for the Applied Manufacturing overhead for the year using this formula

Applied manufacturing overhead for the year = Actual machine-hours*Predetermined overhead rate

Let plug in the formula

Applied manufacturing overhead for the year=

4,620*34.77

Applied manufacturing overhead for the year=$160,637.40

Therefore the applied manufacturing overhead for the year is closest to:$160,637.40

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3 years ago
While shopping for back-to-school clothes, Josie uses apps on her smartphone to comparison shop, and to obtain coupons and fashi
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Answer: The answer would be d-technological

Explanation:

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3 years ago
What are employers required to provide on all motor vehicles
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they are supposed to provide a gas card

8 0
3 years ago
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Salma bought a new car by getting a loan from a bank. If she fails to pay back the loan, the bank will claim the car. In this sc
Alenkasestr [34]

The answer is collateral.

A valuable object is used as collateral to secure a loan.

Lenders' risk is reduced by collateral.

The lender has the right to sell the collateral if a borrower defaults on the loan in order to recover its losses.

Two examples of collateralized loans are mortgages and auto loans.

You can utilize other personal belongings, like a savings or investment account, to protect a collateralized personal loan.

The sort of loan frequently dictates the kind of collateral.

Your house serves as collateral when you take out a mortgage. If you obtain a car loan, the vehicle will serve as collateral.

Cars but only if they are fully paid off bank savings deposits, investment accounts, and other sorts of collateral are frequently accepted by lenders.

Retirement account collateral is typically not accepted.

Learn more about loans:

brainly.com/question/14997152

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8 0
2 years ago
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