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3 years ago

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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At the beginning of November, Watson Industries has a cash balance of $3,461,000. They have expected cash receipts of $712,000 a

Ahat [919]

Answer:

$224,000

Explanation:

The computation of the borrowed cash amount is shown below:

= Cash balance + expected cash receipts - expected cash disbursements - minimum monthly balance

= $3,461,000 + $712,000 - $1,397,000 - $3,000,000

= $224,000

Simply we add the expected cash receipts and less the expected cash disbursements and minimum monthly balance to the cash balance so that accurate value can come.

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3 years ago

Anne and Bill are two of the most effective salespeople at XYZ Corporation in terms of average revenue per customer. Bill tends

sammy [17]

Although upselling and cross-selling are effective with existing customers, cross-selling is more likely than upselling to A. improve customer retention rate.

<h3>What is customer retention?</h3>

Customer retention refers to the ability of an organization or marketer to achieve customer loyalty over time.

When a customer is retained, there is always increased revenue from repeat purchases.

Customer retention increases brand loyalty.

Question Completion with Answer Options:

A. improve customer retention rate.

B. satisfy customer needs

C. provide the information necessary to diagnose reasons for customer defection.

D. increase customer profitability.

Thus, although upselling and cross-selling are effective with existing customers, cross-selling is more likely than upselling to A. improve customer retention rate.

Learn more about customer retention at brainly.com/question/11621168

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2 years ago

Sheridan Company signed a long-term non cancellable purchase commitment with a major supplier to purchase raw materials in 2021

stepan [7]

Answer:

Unrealized holding loss - Income (purchase commitments) $ 52,900 Dr

Estimated liability on purchase commitments ( $ 1,001,800 - $ 948,900 ) $ 52,900 Cr

Explanation:

Unrealized holding loss - Income (purchase commitments) $ 52,900 Dr

Estimated liability on purchase commitments ( $ 1,001,800 - $ 948,900 ) $ 52,900 Cr

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3 years ago

Cafeteria Department Cutting Department Assembly Department Janitorial Department cost allocation $155,000 $31,000 $124,000 Cafe

Mama L [17]

Answer: Assembly Department

Explanation:

Missing part of question is attached below.

Cutting Department

Under the direct method, the Cutting Department is allocated $62,000 of the Janitorial cost and $126,750 of the Cafeteria cost for a total of:

= 62,000 + 126,750

= $188,750

Assembly department

Allocated $248,000 of the Janitorial cost and $42,450 of Cafeteria:

= 248,000 + 42,450

= $290,450

Assembly Department is therefore the department that is allocated the most support department costs under the direct method. 

7 0

3 years ago

Easton Co. deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of busines

dangina [55]

Answer:

it would be 64,899

Explanation:

i did the test :D

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3 years ago