Answer:
The corret answer is b. decrease assets and decrease liabilities.
Explanation:
First entry
Earnings Accrued (- Net Equity)
to various creditors (+ Liabilities)
Since the minutes of the assembly must indicate that they are taken from the profits of previous years, the accumulated profits are reduced.
Second entry
Miscellaneous creditors (- Liabilities)
to Banks (- Active)
The first entry represents transfer from one liability to another liability. Although we think that capital accounts are not liabilities, it is not true, given that the value of debt to shareholders of the value of your company, so we can group everything in the same bag.
When decreeing dividends, what is done is to cover a small part of that company value. That is, when dividends are decreed, they become part of a formalized liability.
The second entry is the cancellation of the liability, through one of the ways to extinguish the obligations: payment.
Answer:
The correct answer is option c.
Explanation:
Tougher licensing tests and costly sterilization will increase the cost of production for the piercing studios. The studios will be able to supply a lesser quantity of piercings at the same cost. This will cause the supply curve of piercings to move to the left.
This leftward shift in the supply curve would cause the equilibrium price of piercings to increase and the equilibrium quantity to decrease.
Answer:
Volume measure are good drivers for fixed overhead costs is the correct answer.
Explanation:
Volume measure is used in plant facilities and results when the level of activity is measured in machine hours and direct labor hours. It is different from the budget denominator entity which is used in determining the fixed overhead standard rate. If the denominator of hours exceeds the standard hours allowed then the variance is unfavorable and is favorable in the opposite case.
The financial accounts can be of various types depending on their usage. Income statements are mostly used in the hospitality industry. Thus, option D is correct.
<h3>What are income statements?</h3>
Income statements are defined by the reports of the finances that record the income along with the expense of the company over a period of time. It is maintained annually or quarterly.
It can also be a profit and loss statement and is used in the hospitality industry to know the financial performance of the company in a record time. It includes expenses, revenues, and profits.
Therefore, option D. income statements are used extensively in the hospitality industry.
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Your question is incomplete, but most probably your full question was, This is used extensively in the hospitality industry as a means of control because it is results driven.
• Feedback
• Performance appraisals
• Budgets
• Income statements
The correct option is D). The borrower can create a payment plan.
<h3>Who is a borrower? What can a borrower do to take control of their debt?</h3>
A borrower is an individual or any business entity that takes the money from the lender on the credit with the agreement to pay it back within a specified period of time.
A borrower can control his debt by making a payment plan by which he can arrange debt payment plans directly with your creditors.
A payment plan is an organized payment schedule used for paying off any outstanding debt.
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