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Kaylis [27]
3 years ago
10

Indicate the account being debited:

Business
1 answer:
kherson [118]3 years ago
3 0

Answer:

C.)M. Russo, Withdrawals

Explanation:

The drawing account is a contra account entry used to record and track the money withdrawn by owners for personal use. Drawing reduces the amount of cash( asset) available to the business.

Because cash -asset is reducing by 500, we credit cash by $500 and debit the drawing contra entry account by 500. M. Russo, Withdrawals is the debit account.

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Merchandise sold FOB shipping point indicates that:
USPshnik [31]

Answer:

The correct answer is A: The seller transfers title to the buyer once the merchandise is shipped.

Explanation:

F.O.B. (Free on Board)  is an incoterm 2010. Incoterms are practical rules in international commerce. Practical means they are not obligatory. Incoterms helps determine when the responsibility of each part changes, the cost of freight and insurance.

In this case, in the incoterm F.O.B terms the seller bears all costs and risks up to the point the goods are loaded onboard the vessel.  It requires a seller to deliver goods on board a vessel that is to be designated by the buyer in a manner customary at the particular port. The seller must arrange for export clearance.

The buyer pays the cost of marine freight transportation, bill of lading fees, insurance, unloading, and transportation cost from the arrival port to destination.

To clarify, the seller must pay the internal freight, insurance until the goods are on board, and held the responsibility to the point in which the goods are on board in the negotiated manner.

8 0
3 years ago
About 13 to 16 guests out of every 100 are purposefully out to scam us and get something for free.
antoniya [11.8K]

Answer:

True

Explanation:

2% out of 100 guest purposefully scam.

3 0
4 years ago
Read 2 more answers
Kirtland Corporation uses a periodic inventory system. At the end of the annual accounting period, December 31, the accounting r
pashok25 [27]

Answer:

cost of goods available for sale= $4,060

Explanation:

Giving the following information:

Beginning inventory, January 1: 400 $3.00

Purchase, January 30: 300 3.40

Purchase, May 1: 460 4.00

<u>The cost of goods available for sale is the sum of the beginning inventory and the purchases of the period:</u>

<u></u>

cost of goods available for sale= beginning inventory + purchase

cost of goods available for sale= 400*3 + 300*3.4 + 460*4

cost of goods available for sale= $4,060

7 0
3 years ago
A city’s economic base can be viewed in terms of a multiplier process, in which the money that is brought in through export acti
Maslowich

Answer:

C. Computer assembly

Explanation:

Economic base refers to the potential for a city to grow or it's susceptibility to decline which is defined by a set of economic activities that city provides for the world beyond its geographical boundary. Given the following options, computer assembly seems to the least likely to be considered as high impact for either the economic base to grow or to decline. Computer assembly is a large part of a technician job that just involves assembly of computer parts.

5 0
3 years ago
Read 2 more answers
A budgeting process where individuals who are impacted by a budget are directly involved in its development is​ called: A. parti
lina2011 [118]

Answer:

A. participative budgeting

Explanation:

Participative budgeting -

It refers to the type of method of budgeting , where the person implementing the budget as well as the person getting affected by the budget are involved in the process of creating the budget , is referred to as participative budgeting .

In this method the top - level managers are supposed to share the decision of budgeting with the bottom - level managers as well .

Hence , from the given information of the question ,

The correct answer is A. participative budgeting .

6 0
3 years ago
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