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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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(B) are subject to a self-employment tax of approximately 15%.

Explanation:

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3 years ago
Why is the interest rate of a loan one of the most important things to consider when shopping around for loans?
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<span>The interest rate can drastically change the total amount paid to the lender</span>
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Janice’s firm is entering a new market and she plans to set prices to take sales away from the established market leader even th
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The correct answer is Sales-orientation.

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3 years ago
g Assume that a hypothetical economy with an MPC of 0.8 is experiencing severe recession. Instructions: In part a, round your an
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First find the spending multiplier which is a multiplier that shows how Aggregate demand increases as a result of additional spending.

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= 1 / ( 1 - 0.8)

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7 0
2 years ago
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mafiozo [28]

Answer:

The net book value  of the company = $3,415,000

Explanation:

<em>The historical cost concept states that assets should be stated at their historical cost. Under this concept, the value of a company is the the net-book value of its assets. The net book value of an asset is its historical cost less the accumulated depreciation to date.</em>

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Net fixed assets                          $3, 200,000

Net working capital                   <u> $215,000</u>

Total book value                       <u> $3,415,000</u>

The net book value  of the company = $3,415,000

4 0
3 years ago
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