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Mashcka [7]
3 years ago
15

Which of the following is not true concerning account titles:multiple choiceThere is a wide range of account titles among differ

ent types of companies.All companies use exactly the same account titles.There is a small range in account titles regardless of type of company.All companies use different account titles.
Business
1 answer:
astra-53 [7]3 years ago
5 0

Answer:

There is a wide range of account titles among different types of companies

Explanation:

An account title can be regarded as a

unique name that is been assigned or associated to particular account in an accounting system. It is very crucial to use An account title when there is a need for identification of accounts by

accounting staff , this is because the title usually conveys the purpose of that particular account. Some of the account titles that can be used are;

Cash on Hand, Petty Cash Fund, and

Cash in Bank,. In account titles;

✓All companies use exactly the same account titles.

✓There is a small range in account titles regardless of type of company.

✓All companies use different account titles.

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What does sales manager do?
vovikov84 [41]

Answer:

A sales manager is the person responsible for leading and coaching a team of salespeople. A sales manager's tasks often include assigning sales territories, setting quotas, mentoring the members of her sales team, assigning sales training, building a sales plan, and hiring and firing salespeople.

8 0
3 years ago
Read 2 more answers
lack Duck Enterprises has a five-day work week and pays the warehouse staff $15 per hour for each eight-hour work day. The work
Inessa05 [86]

Hi there!

Answer:

D. credit Wages Payable for $2,880.

Explanation:

-First we calculate the cost per employee per day

$15 per hour * 8 hours/day  = $120 per day per employee

-Then we calculate the daily cost in wages

8 employees x $120 = $960 per day

-Then we <em>accrue</em> wages until the end of the month (Monday, Tuesday and Wednesday)

Daily cost                                           $960

Days worked till the month ends       3

Accrued expense                             $2,880

<em><u>Journal entry: </u></em>

                                Debit        Credit

Wages expense     $2,880

Wages Payable                       $2,880

5 0
3 years ago
Why should speakers deliver the first sentence of her presentation for memory ?
astra-53 [7]
Speakers should deliver the first sentence of their presentation from memory so that they can immediately establish eye contact and sound confident and knowledgeable. This gives a good first impression to the audience.
4 0
3 years ago
You are evaluating a potential purchase of several light-duty trucks. The initial cost of the trucks will be $194,000. The truck
pantera1 [17]

The after-tax cash flow associated with the sale of equipment is $299,325.

<h3>What is an initial cost?</h3>
  • The initial cost is the typical cost of buying or producing the goods you have on hand.
<h3>What is an operating cost?</h3>
  • Operating costs, often known as operating costs, are the costs associated with running a company, or with running a machine, part, piece of equipment, or facility.
  • They represent the cost of the resources an organization uses just to stay in business.
<h3>What is cash flow?</h3>
  • The actual or fictitious movement of money is known as cash flow.
  • In finance and accounting, cash flow describes the capital inflows and outflows of particular economic units with the aim of achieving a particular goal within a predetermined window of time.
  • Making an accurate prediction of future cash flows is required in accounting in addition to measuring current cash flows.
<h3>Solution -</h3>

Revenue of 5 years = 155000 * 5 = 775000.

Operating cost of 5 years = 81000 * 5 = 405000.

Sale of equipment = 29100.

Net profit = 775000+29100 - 405000=399100.

Tax to be deducted at 25% = 99775.

Cash flow after tax 399100-99775=299325.

Therefore, the after-tax cash flow associated with the sale of equipment is $299,325.

Know more about Initial costs here:

brainly.com/question/14984116

#SPJ4

5 0
2 years ago
A country is closed. It has no government sector, and its aggregate price levels and interest rates are fixed. Furthermore, the
lutik1710 [3]

Answer:

The country has closed economy; it means there is no other trading relation with, outside countries. Export imports do not affect the economy of the country, and here is no government interference as mentioned in the question. This is a self sufficient country, its demand fulfilled from inside of the country. So its aggregate price levels and interest rate are fixed. MPC or the marginal propensity to consume indicates whether there is an increase in disposable income or increase in consumption. Here consumption increases equal to the increase in the income.

MPC = ΔC /ΔY which is constant here.

The increase in income in this country is mostly permanent and increases in a fix period of time and proportionately.

C= 200 +0.75 YD (YD is disposable income), Y=75, GDP =$900

The economy achieves it’s equilibrium level when supplies meets demand or the GDP is equals to it’s total expenditure. MPC is a fraction between 0 and 1 , MPC means a change in consumption brings the change in YD . here the MPC is equals to MPS which means the change in saving bring by the change in disposable income. All income here saved or consumed. So the change in income equals to the change in consumption or saving.

MPC+ MPS = 1

So the average propensity to consume is proportionate to income which is spend on consumption. APC= C/ YD. And the average proportionate to save is equals to income saved APS= S/YD . so here APC +APS = 1. The increase in production or price leads to the increase in the total value of output, that is the equilibrium condition.

Explanation:

3 0
3 years ago
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