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3 years ago

A type of chart that uses vertical bars to compare data is called a

Business

1 answer:

liraira [26]3 years ago

4 0

Answer:

bar graph

Explanation:

a graph that uses vertical or horizontal bars to display data

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A company began the year with assets of $117,000, liabilities of $28,500, and stockholders' equity of $88,500. During the year a

algol [13]

Answer:

Change in liabilities = $33,300

Explanation

According to the accounting equation, assets is equal to liabilities + equity. And this equation can be re-written as:

Liabilities = assets - equity

Liabilities at the end of the period = assets at the end - equity at the end

Assets at the end= 117,000 + 56,700= 173,700

Equity at the end = 88,500 + 23,400 = 111,900

Liabilities at the end = 173,700 - 111,900=61800

Change in liabilities = Liabilities at the end - Liabilities at the beginning

Change in liabilities = 61,800 - 28,500= $33,300

8 0

3 years ago

In the balance sheet at the end of its first year of operations, Dinty Inc. reported an allowance for uncollectible accounts of

Vlada [557]

Answer:

The correct option is 2. $50,200

Explanation:

Please see below the required journals for the transactions that occurred:

Debit Allowance for doubtful accounts $31,800

Credit Accounts receivable $31,800

(To record write-off of accounts receivable)

Debit Accounts receivable $2,340,000

Credit Sales revenue $2,340,000

(To record credit sales during the year)

Debit Cash $1,910,000

Credit Accounts receivable $1,910,000

(To record collection on account)

The effect of the above journals on allowance for doubtful account is a reduction. Since Dinty already assessed its allowance for doubtful account to be $82,000, bad debt expense required will be $50,200 ($82,000 - $31,800).
The balance in accounts receivable will be $2,340,000 - $1,910,000 - $31,800 = $398,200.

7 0

2 years ago

Consider the following information about production in quarter 1 of 2019. Firm T produces 600 tires at a cost of $28 each, and s

bekas [8.4K]

Answer:

$3,860

Explanation:

Value of stock at the end of Firm T:

Firm T has stock of 20 tires at the end of the year

The cost price is $28 per tire

Value = Closing stock * Cost price of each tIres

Value = 20 * $28

Value = $560

Value of stock at the end of Firm B:

Firm B has stock of 10 bicycles at the end of the year

The cost price is $330 each

Value = Closing stock * Cost price of each bicycle

Value = 10 * $330

Value = $3,300

Value of the inventory investment = Value of stock at the end of Firm T + Value of stock at the end of Firm B

Value of the inventory investment = $560 + $3,300

Value of the inventory investment = $3,860

8 0

2 years ago

In your resume you need to mention the names and contact information of your previous employers under

GaryK [48]

Answer:

work history

Explanation:

4 0

3 years ago

True or False: The parts of the cells called, cellular respiration, glucose and oxygen combine to make carbon dioxide and water

Cloud [144]

Answer:

Ture

Explanation:

3 0

2 years ago

Read 2 more answers