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DENIUS [597]
3 years ago
6

For each of the following accounts indicate the effect of a debit or a credit on the account and the normal balance.

Business
1 answer:
mestny [16]3 years ago
5 0

Answer:

dont be lonely

Explanation:

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Northern Trail Outfitters launched a Community using the Customer Service template. Community users have requested quick access
miss Akunina [59]

Answer:

A, C, and D

Explanation:

All of the three options chosen will give the community users access to the project custom object in the community navigation.

3 0
4 years ago
Retailing is composed of all of the business activities that add value to the products and services customers buy. This includes
ivolga24 [154]

Answer: Finance, purchasing, accounting, suppying

Explanation:

Retailing is known as a sub middleman in business that buys from the wholesaler and sells to the consumer in smaller quantity not as big as the wholesaler.

The following are activities of the retailer, although it might not be all followed by many retailers but depending on their ability and understanding

-Finance

-Purchasing

-Accounting

-Management Information System

-Supply management including warehouse and distribution management.

3 0
3 years ago
In fiscal 2016, Microsoft Corp. reported a statutory tax rate of 35% and an effective tax rate of approximately 15%. The 2016 in
m_a_m_a [10]

Answer: $19,687 million

Explanation:

From the question, we are informed that Microsoft Corp. reported a statutory tax rate of 35% and an effective tax rate of approximately 15% and that the 2016 income statement reported income tax expense of $2,953 million.

The amount reported by Microsoft as income before income tax expense that year will be calculated as:

= 2,953 million / 15%

= $19,686.67 million

= $19,687 million

8 0
3 years ago
Rex, a cash basis calendar year taxpayer, runs a bingo operation which is illegal under state law. During 2016, a bill designate
vaieri [72.5K]

Answer:

A. $127,000

Explanation:

Rex is only allowed to deduct operating expenses related to game and in the act rest of the expense like Payoff money to state and local police, Newspaper ads supporting H.R. 9, Political contributions to legislators who support H.R. 9 are not allowable

5 0
4 years ago
Kraven Corp. borrows $100,000 by signing on a 1-year, 8% promissory note from General Finance Company and assigns $120,000 of it
Aleks [24]

Answer and Explanation:

The journal entry is shown below:

Cash Dr $98,800

Finance charge Dr ($120,000 × 1%) $1,200

       To Liability - Financing Arrangement $100,000

(being receipts of cash is recorded)

Here cash and finance charge is debited as it increased the assets and expenses and liability is credited as it also increased the liabilities. Also, the cash & expenses contains normal debit balance and liabilities contains normal credit balance

6 0
3 years ago
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