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netineya [11]
2 years ago
14

Custom Motors' account with Widgets, Inc. Has an opening balance of $1,200. They make four purchases totaling $1,500, receive a

$400 credit for returned widgets, and make a payment of $2,000. What amount will go into the schedule of accounts for Custom Motors? A. $300 B. $1,500 OC. $1,100 D. $2,000
Business
1 answer:
Jobisdone [24]2 years ago
8 0

Answer:

A. $300

Explanation:

The computation of the amount will go into the schedule of accounts for Custom Motors is shown below;

= Opening balance + purchase made - credit received - payment made

= $1,200 + $1,500 - $400 - $2,000

= $300

Hence, the amount will go into the schedule of accounts for Custom Motors is $300

Therefore the option a is correct

And, the same would be considered

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Select the correct answer.
den301095 [7]

Answer: B

Explanation: Organisational Structure is a system whereby rules, roles and responsibilities of an organisation are organised to achieve positive results.

The objective of having organisational structures in place helps an organisation to remain focused and efficient.

It also helps an organisation to create different departments and assign employees to these department for effective and efficient management system.

6 0
3 years ago
) Which protections exist under the Servicemembers Civil Relief Act? Check all that apply.
nexus9112 [7]

Answer:

1. Protection against default, evictions, foreclosures, and repossessions

2. Terminate residential and automobile leases due to PCS

Written and oral disclosure of terms

3. Reduce interest to 6% on certain loans and lines of credit obtained prior to entering active duty​

Explanation:

The Servicemembers Civil Relief Act (SCRA) provides financial and legal protections for active-duty service members, as well as National Guard and reserve members, and their families. This protections are:

  1. creditors reduction of interest rate on debts to 6% for liabilities obtained prior to entering active duty​
  2. Protection against default, evictions, foreclosures, and repossessions, preservice mortgage debt is valid if made during or within nine months after your service on active duty, unless carrying out a valid court order
  3. Deferment of income tax before or during military service.
  4. Protection against eviction
  5. Protection against default judgments
  6. Postponement of court proceedings if on duty
  7. Termination of automobile, residential lease and phone service  by delivering a written notice of termination.
  8. Voting rights
  9. Life insurance coverage
5 0
3 years ago
The government decides to increase its spending by $6 billion. Over time the real GDP increased by $9 billion. The expenditure m
Gekata [30.6K]

Answer:

c. Equals to 1.5

Explanation:

Options are <em>"a. -lower than  b. -higher than  c. -equal to "</em>

Expenditure multiplier = Change in real GDP / Change in spending

Expenditure multiplier = 9/6

Expenditure multiplier = 1.5

Thus, the expenditure multiplier is equal to 1.5

7 0
3 years ago
Cassie has a line of vanilla-scented body lotion. She has recently decided to add vanilla-scented body scrub and vanilla-scented
Stels [109]

The answer is D. Line extension

8 0
3 years ago
Read 2 more answers
On July 31, the bookkeeping account Supplies Inventory shows a debit balance of $1,000. A physical inventory taken on that date
Tanya [424]

Answer:

$200

Explanation:

When Supplies inventory are purchased, a debit is posted to Supplies inventory and a credit to cash account or accounts payable.

As the inventories are used, debit Supplies expense and credit Supplies inventory account.

Given that $1,000 was the debit in the books and $800 per count, it means the books balance needs to be written down to the physical balance. The difference to be posted

= $1,000 - $800

= $200

This will be done by

Debit Supplies expense  $200

Credit Supplies Inventory  $200

Being entries to record inventory used in July

4 0
3 years ago
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