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laila [671]
3 years ago
6

Equipment is a(n)_________ (asset/liability/expense) account. It is reported on the___________ (left/right) side of the accounti

ng equation and is__________ (increased/decreased) when equipment is purchased.
Business
1 answer:
Neko [114]3 years ago
3 0

Answer: Asset: Left; Increased

Explanation:

<em>Equipment is an </em><u><em>asset </em></u><em>account. It is reported on the </em><em>l</em><u><em>eft</em></u><em> side of the accounting equation and is </em><em>i</em><u><em>ncreased</em></u><em> when equipment is purchased.</em>

Equipment is a fixed asset because it lasts more than a year in the service of a company. As an asset, it will be reported on the left side of the accounting equation which means that when it increases it is to be debited.

It increases when more equipment is acquired.

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In doing aggregate planning for a firm producing paint, the aggregate planners would most likely deal with: a. Gallons, quarts,
wolverine [178]

Answer:

D. Just gallons of paint, without concern for the different colors and sizes

Explanation:

Aggregate planning is explained to be an operational activity critical to the organization as it looks to balance long-term strategic planning with short term production success.

Thus annual and quarterly plans are broken down into labor, raw material, working capital, etc. requirements over a medium-range period (6 months to 18 months). This process of working out production requirements for a medium range is called aggregate planning.

Also it is noted that a complete information is required about available production facility and raw materials.

A solid demand forecast covering the medium-range period.

7 0
3 years ago
What is job description​
Sphinxa [80]
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3 0
3 years ago
When the Toyota Prius first entered the marketplace, dealers kept waiting lists of people wanting one and the factories had to r
Finger [1]

Answer:

The correct answer is True.

Explanation:

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6 0
3 years ago
Bonita Industries prepared a fixed budget of 75000 direct labor hours, with estimated overhead costs of $375000 for variable ove
Zinaida [17]

Answer: $425,000

Explanation: The total overhead cost can be computed suing following formula :-

total overhead cost = fixed overhead cost + variable overhead cost

where,

fixed overhead cost = $90,000

variable\:overhead\:cost=\frac{\$375,000}{75,000\:hours}\times 67,000\:hours

=$335,000

so,putting the values into equation we get :-

total overhead cost = $90,000 + $335,000

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6 0
3 years ago
What is a metric when it comes to data analysis? Please provide a definition.
kati45 [8]

Answer:

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Explanation:

7 0
2 years ago
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