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love history [14]
3 years ago
7

According to the basic double entry principle of accounting, we

Business
1 answer:
Vlad1618 [11]3 years ago
8 0

Answer:

D. Any of the above, depending on the transactions​

Explanation:

The double entry principle simply means that any accounting transaction has two records: one credit, and one debit, and it depends on the nature of the transaction, and of the accounts involved which specific value is credited and which one is debited.

For example, if a firm purchases 100$ of office supplies with cash, the credited account is cash, because cash is reduced by $100, while the office supplies account is debited by the same value.

If a firm sells 100$ of office supplies instead, the office supplies inventory is credited for this value, while the same amount of cash is debited for this same amount.

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Which of these are considered broad economic goals? Dependability, equity, efficiency Freedom, equity, growth Reliability, hones
kodGreya [7K]

Answer:

equity, freedom, security, efficiency, growth

Explanation:

The economic goals include:

1. Equity: occurs in an economy when income and wealth are fairly distributed within a society.

2. Efficiency (efficiency freedom): is achieved when society is able to get the greatest amount of satisfaction from available resources in an economy

3. Economic growth: when there is an increase in the economy's ability to produce goods and services, often indicated by measuring the growth rate of production.

The other economic goals are:

Economic Stability, balance of payment, Price Stability or Controlling Inflation and Full Employment.

8 0
3 years ago
George recently purchased a computer from HardDigits Inc., a firm that sells assembled desktop computers and other electronic pr
Olin [163]

Answer:

The correct answer is Product Bundling.

Explanation:

The product bundling refers to a sales strategy that includes a defined number of products that are offered as one. This practice is increasingly common in companies that are trying to penetrate the market or want to exit products that are close to expiration or depreciation due to technology. The buyer sees an opportunity to purchase certain products that they could not have done when they are just in the stage of maturing sales.

5 0
3 years ago
Volbeat Corp. shows the following information on its 2015 income statement: sales = $275,000; costs = $188,000; other expenses =
Verdich [7]

Answer: (1) $61,495

(2) $17,200

(3) $5,400

Explanation:

Given that,

sales = $275,000

costs = $188,000

other expenses = $7,900

depreciation expense = $15,200

interest expense = $13,600

taxes = $17,605

dividends = $10,500

new equity issued = $5,100

Net new long-term debt = $3,600

EBIT = sales - depreciation expense - costs - other expenses

        = $275,000 - $15,200 - $188,000 - $7,900

        = $63,900

EBT =  EBIT - Interest

       = $63,900 - $13,600

       = $50,300

EAT = EBT - Taxes

       = $50,300 - $17,605

       = $32,695

Retained earnings = EAT - Dividends

                               = $32,695 - $10,500

                               = $22,195

(1) operating cash flow = EBIT - Taxes + depreciation expense

                                      = $63,900 - $17,605 + $15,200

                                      = $61,495

(2) cash flow to creditors = Interest - Net new long-term debt

                                          = $13,600 - (-$3,600)

                                          = $17,200

(3) cash flow to stock holders = Dividend - net new equity

                                                 = $10,500 - $5,100

                                                 = $5,400

3 0
3 years ago
2. Why might this be the perfect advice for beginning investors?
soldi70 [24.7K]

Explanation:

Getting the right education is one of the best pieces of advice I would send to someone who is only learning to invest. Investing is all about purchasing firms that you know and appreciate, that have a strong competitive edge, and that have a solid management team, all at a decent price.

8 0
3 years ago
Nick’s Novelties, Inc., is considering the purchase of new electronic games to place in its amusement houses. The games would co
ASHA 777 [7]

Answer:

     a. 5 years

     b. Yes they will because the payback period is 5 years.

Explanation:

a. Payback period

First calculate the annual cash inflow:

= Net income + Depreciation

= 66,500 + 28,500

= $95,000

The investment cost was $475,000

Payback period = Investment cost / Annual cash inflow

= 475,000 / 95,000

= 5 years

b. The company will purchase the games because they have a payback period of 5 years.

5 0
3 years ago
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