Brenda is not correct because the total value of her assets could be less than the liabilities.
<h3>
What are liabilities?</h3>
A liability is an obligation that a person or business has, typically financial in nature. Over time, liabilities are resolved by the transmission of economic advantages like cash, products, or services.
Liabilities on the balance sheet's right side are represented by debts like as loans, accounts payable, mortgages, deferred revenue, bonds, warranties, and accumulated costs.
Assets can be contrasted with liabilities. Assets are items you own or owe money to, whereas liabilities are debts or other obligations.
An obligation between two parties that has not yet been fulfilled or paid for is generally referred to as a liability.
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Answer:
$78,750 unfavorable
Explanation:
Total labor variance can be divided into direct labor efficiency variance and the direct labor rate variance
Direct labor efficiency variance (DLEV):
DLEV = (Expected labor hours - actual labor hours)*standard rate
Direct labor rate variance (DLRV):
DLRV = Actual labor hours * (Standard Rate - Actual Rate)
Since both values are negative, they are both unfavorable and the total labor variance (TLV) is given by:
Advertisement was not an offer. why does it have to be on September 10th though :,(
The statement "the improbable outliers should be eliminated at the time when it contains the good database" is correct.
The following information should not relate to the averages:
- It should be hidden by averages irrespective of how the good database is maintained.
- It provides meaningful outcomes.
- In the case when the good database is maintained so the conclusions could be drawn.
Therefore we can conclude that The statement "the improbable outliers should be eliminated at the time when it contains the good database" is correct.
Like -300,200 and 100 should be zero.
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Answer:
see below
Explanation:
Rent is an expense to the business. An increase in expenses is debited.
rent was paid by cheque. The transaction will reduce money held at the bank( asset) by Rs. 25,000. A reduction in assets is credited.
The journal entry will be
Rent A/c Dr. Rs. 25,000
Bank A/c Cr. Rs. 25,000
