All categories

2 years ago

Capital and drawings are classified as

Business

1 answer:

VMariaS [17]2 years ago

6 0

Answer:

Since the capital account and owner's equity accounts are expected to have credit balances, the drawing account (having a debit balance) is considered to be a contra account. In addition, the drawing account is a temporary account since its balance is closed to the capital account at the end of each accounting year.

Explanation:

Please Mark me brainliest

You might be interested in

The Bureau of Labor Statistics has found that the base-year expenditures of the typical consumer break down as follows:

Shkiper50 [21]

Answer:

The CPI for the current year is 104.49

Explanation:

A) Expenditure breakdown of the base year:

You must check that they add 100%

Food and beverages: 17.8%

Housing: 42.8%

Apparel and upkeep: 6.3%

Transportation: 17.2%

Medical care: 5.7%

Entertainment: 4.4%

Other goods, and services: 5.8%

Total 100.0%

Total: 17.8 + 42.8 + 6.3 + 17.2 + 5.7 + 4.4 + 5.8 = 100

Thus, the CPI of the base year is 100.

B. Expenditure breakdown of the current year.

Calculate the changes by adding the percent of increase to each item tha has changed.

1. The prices of food and beverages have increased by 10 percent:

17.8% × 1.10 = 19.58%

2. The price of housing has increased by 5 percent:

42.8% × 1.05 = 44.94%

3. The price of medical care has increased by 10 percent:

5.7% × 1.10 = 6.27%

The other prices are unchanged.

Then, the new breakdown is:

Food and beverages: 19.58%

Housing: 44.94%

Apparel and upkeep: 6.3%

Transportation: 17.2%

Medical care: 6.27%

Entertainment: 4.4%

Other goods, and services: 5.8%

Total 104.49%

Of course the new total is not 100%.

19.58 + 44.94 + 6.3 + 17.2 + 6.27 + 4.4 + 5.8 = 104.49

That means that the price of the total basket of products has increased from 100 to 104.49.

Thus, the CPI of the current year is 104.49 ← answer

8 0

3 years ago

sending e-mails reminding prospects that AdVance can mix custom fertilizer formulations determining what information is still ne

Ivenika [448]

Full question :

AdVance Corporation is a company that formulates and manufactures fertilizersfor the farming industry. The company produces several standardized formulas that canbe purchased directly through the retail arms of the company, but it also formulatescustom fertilizers for farms.Which of the following is the best use of a CRM system for an AdVance salesperson interms of relationship strategy?

sending regular e-mails to customers to check on the performance of a previously purchased AdVance fertilizer

determining what information is still needed to complete the customer's file

tracking the salesperson's activities and sales on a weekly and monthly basis

sending e-mails reminding prospects that AdVance can mix custom fertilizer formulations

remembering customers' birthdays to send them cards to maintain a personal connection and request referrals

Answer:

sending regular e-mails to customers to check on the performance of a previously purchased AdVance fertilizer

Explanation:

The most effective use of the CRM(customer relationship management system) from the options listed is the follow up on customers to know how they perceive Advance fertilizer's product after having purchased and used it. This has a long list of benefits for Advance fertilizer as they can get customer feedback from customers through this, build relationship with them as well as gather more data to improve on their products in the future

8 0

2 years ago

The reason Air-Omnibus was not celebrating despite selling more aircrafts than Crow-Wing in 2003 was because of the Multiple Cho

ivanzaharov [21]

Answer:

i wouldnt be celebrating either

Explanation:

i certainly wouldnt feel joyous if my regulations were increasing

4 0

2 years ago

Andrew is the prom committee chairman. He is on-site at the prom to make sure all vendors show up at the event and all vendors'

Gnesinka [82]

Answer: The correct answer is "b. executing".

Explanation: Andrew is in the "executing" proccess stage.

In the execution phase Andrew must ensure that all the services contracted for the development of the activities fulfill their function and have the quality required to meet the needs and meet the contracted level.

4 0

2 years ago

Whiteside Corporation issues $500,000 of 9% bonds, due in 10 years, with interest payable semiannually. At the time of issue, th

umka2103 [35]

Answer:

$468,844 approx.

Explanation:

Assumption: Since the question is incomplete, with the available information it has been construed that calculation of bond price is required and the question has been solved accordingly.

The price of a bond is the present value of future cash receipts it generates to the investor in the form of interest stream and principal stream.

$B_{0} = \frac{i}{(1\ +\ ytm)^{1} }\ +\ \frac{i}{(1\ +\ ytm)^{2} }\ +.....+\frac{i}{(1\ +\ ytm)^{n} } \ + \frac{RV}{(1\ +\ ytm)^{n} }$

wherein,

$B_{0}$ = price of bond as on today

i = annual coupon payments

ytm= investor's expectation of interest or market rate of interest on similar bonds

RV = Redemption value of such bonds assumed to be the face value

n = term to maturity

$B_{0} = \frac{22500}{(1\ +\ .05)^{1} }\ +\ \frac{22500}{(1\ +\ .05)^{2} }\ +.....+\frac{22500}{(1\ +\ .05)^{20} } \ + \frac{500000}{(1\ +\ .05)^{20} }$

$B_{0}=$ 12.46221 × 22,500 + 0.376889 × 22,500 = 280,399.725 + 188444.5

$B_{0} =$ $468,844 approx

This is the present value of the bond which is lower than it's face value because market rate of return of similar bonds is higher than the coupon rate of payment by Westside Corporation.

6 0

3 years ago

Capital and drawings are classified as ​

Capital and drawings are classified as