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Ierofanga [76]
3 years ago
7

All changes save

Business
1 answer:
rodikova [14]3 years ago
6 0

Answer:

Debit Furniture Depot $1300

Credit cash $1300

Explanation:

Both furniture and cash are assets held by the company.

When an asset increases, in this case we purchased furniture, we must debit the asset account. On the other hand, when an asset decreases, we have less cash since we paid for the furniture, we must credit the account.

The accounts must always be balanced.

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Asset distribution analysis provides a better understanding of how the community functions and how it addresses the public healt
kumpel [21]

Answer:

False

Explanation:

Based on the information provided within the question it can be said that this statement is False. The term that actually provides a better understanding of this is Community Needs Assessment: Purpose, since the main goal of the community needs assessment is to meet the needs of children, youth, and families by identifying the strengths and resources available in the community.

6 0
3 years ago
When Castle Corporation pays insurance premiums, the transaction is recorded as a debit to prepaid insurance. Additional informa
atroni [7]

Answer:

$227,500

Explanation:

The computation of the total amount of cash paid is shown below:

Cash paid for insurance premium = Prepaid Insurance at end of the year  + Prepaid Insurance recognized - Prepaid Insurance at the beginning of the year

= $61,250 + $218,750 - $52,500

= $227,500

We simply applied the above formula so that the correct amount of cash paid could come with respect to the insurance premium

5 0
4 years ago
Sneed Corporation issues 12,700 shares of $49 par preferred stock for cash at $63 per share. The entry to record the transaction
hichkok12 [17]

Answer:

Dr Cash 800,100

    Cr Preferred stock 622,300

    Cr Additional paid in capital, preferred stock 177,800

Explanation:

Preferred stocks and common stocks are part of stockholders' equity. Whenever they are sold above par value, the difference must be recorded as additional paid in capital. You must also specify which stocks were sold at a higher value.

4 0
3 years ago
With practical illustration, discuss how managers can leverage on organizational behavior components to maximize business succes
Contact [7]

Explanation:

Organizational behavior can be defined as a study of three factors that determine the behavior of organizations:

  • People
  • Groups
  • Structures

These three factors combined will be decisive for understanding and analyzing how people act in the organizational environment in order to establish a harmonious organizational culture where employees feel protected and valued to contribute to the company's organizational objectives.

A culture based on ethical values ​​and valuing employees, will help in a more collaborative work environment, where communication flows effectively and the employee feels able to contribute with greater motivation, innovative ideas and loyalty to the company, which helps to create an internal environment conducive to maximizing business success.

3 0
3 years ago
Which of the statements below is​ FALSE? A. Common​ stock's ownership claim on the assets and cash flow of a company is often re
elixir [45]

Answer:

The option B. The profits for common stock owners come before payment to​ employees, suppliers,​ government, and creditors. is the false statement.

Profit is any amount that is left after setting aside the cost and liabilities. It is financial gain which is represented by the difference between the amount that is spent and the amount that has been earned or gained. Whereas common stock is a kind of a common share holder equity which also considered to be a type of a security.

8 0
3 years ago
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