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Aleksandr [31]
3 years ago
7

g A debit is used to record which of the... A debit is used to record which of the following: Multiple Choice A decrease in an a

sset account. A decrease in an expense account. An increase in a revenue account. An increase in the common stock account. An increase in the dividends accoun
Business
1 answer:
Veseljchak [2.6K]3 years ago
4 0

Answer:

An increase in dividends account

Explanation:

In accounting, a debit is used to record an increase in asset, an increase in expense and a decrease in liability.

With regards to the above, the correct option is an increase in dividends account because dividend is a current asset hence a debit records an increase in assets. Dividend is the returns paid to an investor or shareholder who invest or buys shares in a company. It is the reward paid to an investor for investing in a company.

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Suppose you are the manager of a local water company, and you are instructed to get consumers to reduce their water consumption
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The price of the water needs to be raised by 40% when the consumption of water reduces by 10% and the price elasticity of demand results to 25%.

<h3>What is meant by the price of elasticity of demand?</h3>

The price elasticity of demand is determined as the proportionate variation in quantity with respect to variation in the price of a good.

Given values:

Change in water consumption (fall): 10%

Price elasticity of demand: 25%

Computation of percentage change in the price of water:

\rm\ Change \rm\ in \rm\ price \rm\ of \rm\ water=\frac{\rm\ Change \rm\ in \rm\ water \rm\ consumption}{\rm\ Price \rm\ elasticity \rm\ of \rm\ demand} \\\rm\ Change \rm\ in \rm\ price \rm\ of \rm\ water=\frac{10\%}{25\%} \\\rm\ Change \rm\ in \rm\ price \rm\ of \rm\ water=40\%

Therefore, there is an increase in water price by 40%.

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6 0
1 year ago
The Ad Council of America creates an ad that shows teens in a car having fun while driving in the city. They are enjoying music
valentinak56 [21]

Answer:The idea of the Ad - do not text while driving

Explanation:

Texting and driving is dangerous – that is a fact. Americans are highly aware of and concerned about the issue. More than nine in ten Americans believe sending (94%) and reading (91%) texts while driving is dangerous or very dangerous. There have been many efforts to educate and convey the potential consequences of texting and driving using scare tactics or preachy messaging. And, while research shows that people are convinced that the behavior is dangerous, they are still doing it. In order to address the disconnect between awareness and behavior, the Texting and Driving Prevention campaign aims to go beyond showing people the potential crashes and gruesome end results.Texting while driving, also called texting and driving, is the act of composing, sending, reading text messages, email, or making similar use of the web on a mobile phone while operating a motor vehicle. Texting while driving is considered extremely dangerous by many people, including authorities, and in some places have either been outlawed or restricted. As a form of distracted driving, texting while driving significantly increases the chances that a driver will be involved in a motor vehicle accident.

4 0
3 years ago
An apple ipad sells for $699.00 on ebay. the markup is 30% on cost. what is the total cost of the ipad sold on ebay?
NNADVOKAT [17]
The total cost of the ipad sold on ebay is $908.70
6 0
3 years ago
An investor purchased a small building used as a coffee shop; before that, it was a day care center. During the due diligence pr
fredd [130]

The mere fact that a person was a previous owner of contaminated real property does not make them accountable for investigation and remediation expenditures.

<h3>What is a liability?</h3>

A liability is a debt that a firm owes that will cause it to forfeit future financial gains from dealing with other people or companies. A liability may be used in place of equity as a means of funding a business. Additionally, some liabilities are necessary for day-to-day corporate operations, such as accounts payable or income taxes payable. Liabilities can facilitate efficient company operations and quicken value creation for firms. However, ineffective liability management may have serious negative effects, including a decline in financial performance or, worse, bankruptcy. Liabilities also determine the company's capital structure and liquidity.

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8 0
1 year ago
Your college is considering renting space in the student union to one or two commercial textbook stores. The rent the college ca
poizon [28]

Answer and explanation:

In both cases, in terms of rent and terms of students benefits, it will be better for the college to have two stores, In that way, the college makes sure the profits will be higher than just by having one store on campus and students are benefited because of the variety of books they could find in the two stores, not just in one.

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