1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
tiny-mole [99]
3 years ago
7

Which one of the following groups of accounts only have debit balances

Business
1 answer:
scoray [572]3 years ago
4 0

Answer: b. Sales Returns, Wages, Machinery, Discount Allowed

Explanation:

Sales returns reduce the sales made. Sales are put on the credit side so transactions that will reduce sales such as sales returns would have to go on the debit side.

Wages are an expense and expenses are debited to show they are increasing so they have a debit balance.

Machinery is an asset and assets have debit balances.

Discount allowed reduces the sales balance and as mentioned above, transactions that reduce sales go on the debit side so this has a debit balance as well.

You might be interested in
In the BCG matrix, ________ are low-share businesses and products in a market that is not expected to grow. They may generate en
Mkey [24]

Answer:

dogs

Explanation:

The Boston Consulting Group (BCG) matrix divides product portfolio into four main groups:

  1. Dogs: Do not generate large amounts of cash and have a small market share or slow growth.  
  2. Question marks: low cash generation but high market growth rate, it is unknown if they will be successful and profitable or not.
  3. Stars: generate a lot of cash, and their sales and market shares grows steadily.
  4. Cash cows: generate a lot of cash but their sales aren't growing, usually products that are at their maturity stage.
3 0
4 years ago
You've observed the following returns on Crash-n-Burn Computer's stock over the past five years: 6 percent, -14 percent, 12perce
Alexeev081 [22]

Answer:

1.6%

Explanation:

For computing the average nominal risk premium, first we have to determine the average nominal return which is shown below:

= (Stock over past five years) ÷ (number of years)

= (6% - 14% + 12% + 9% + 11%) ÷ (5 years)

= 4.8%

Now the average nominal risk premium would be

= Average nominal return - average T-bill rate

= 4.8% - 3.2%

= 1.6%

3 0
3 years ago
How important is customer<br> service as part of meeting<br> customers' needs?
Sonja [21]

Answer:

Meeting customer needs is crucial for any business looking to retain and attract new customers. Because, as important as the discovery phase is, knowledge about what your customer needs from you is only as good as the way you use it. ... You may even need to plan, build and execute on a brand new facet of your product.

7 0
3 years ago
Task 3: Budget for 25- to 30-year-old Business Professionals
Eddi Din [679]

Answer:

Sample Budget

Salary Income $2515

Rent expense -$900

Food and groceries -$250

Entertainment expense -$85

Shopping -$45

Birthday Party gift -$12

Transportation expense -$150

Home maintenance cost -$320

Tuition cost -$121

Net savings = $632

Explanation:

The mid aged person who is age of 25 to 30 will have different expenses. He will have to budget his monthly income and routine expenses to identify the savings. The sample budget will include different types of household expenses that a person incurs to live. He might have to budget one off expenses such as party cost, gifts etc. He will have to keep track of groceries and food expenses.

3 0
4 years ago
Consider two stocks, A and B. Stock A has an expected return of 10% and a beta of 1.2. Stock B has an expected return of 14% and
barxatty [35]

Answer:

B; it offers an expected excess return of 1.8%

Explanation:

Here are the options :

A; it offers an expected excess return of .2%A; it offers an expected excess return of 2.2%B; it offers an expected excess return of 1.8%B; it offers an expected return of 2.4%

to determine which stock is the better buy, we have to calculate the expected return of the stocks using CAPM

According to the capital asset price model: Expected rate of return = risk free + beta x (market rate of return - risk free rate of return)

Stock A = 5% + 1.2(9% - 5%) = 9.8%

Stock B = 5% + 1.8(9% - 5%) = 12.20%

The next step is to determine the excess return

stated expected return - calculated expected return = excess return

Stock A's excess return = 10% - 9.8% - 0.2%

Stock B's excess return = 14 - 12.20 = 1.8%

Security B would be considered because it has a higher excess return

8 0
3 years ago
Other questions:
  • At Bargain Electronics, it costs $33 per unit ($18 variable and $15 fixed) to make an MP3 player at full capacity that normally
    6·1 answer
  • An organization adopts the ______________ concept when it takes steps to know a much about the consumer as possible, combined wi
    11·1 answer
  • A __________ is a sample of consumers or stores from which researchers take a series of measurements. representative group jury
    8·1 answer
  • Louise Fulkerson is president of the Student Marketing Association at Baylor University. Louise and the otherofficers want to co
    11·1 answer
  • True/False
    15·1 answer
  • An informal work group is:a. a collection of individuals who interact with each other such that oneperson’s actions have an impa
    12·1 answer
  • Which of the following is a downside of a newspaper ad?
    10·2 answers
  • Chuck, a single taxpayer, earns $79,000 in taxable income and $10,000 in interest from an investment in City of Heflin bonds.
    12·1 answer
  • On January 1, 2016, Piper Co., purchased a machine (its only depreciable asset) for $900,000. The machine has a five-year life,
    6·1 answer
  • The problem with using ________ when trying to adjust for projects that are more risky or less risky than a firms average projec
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!