3 years ago

Enumerate 5 ways to handle cash in accounting

Business

1 answer:

V125BC [204]3 years ago

5 0

Explanation:

make a list of items in top priority

enumerate the most important

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A possible externality associated with the process of accumulating new capital is that: A. a reduction in labor productivity may

taurus [48]

Answer:

B. new production processes may be devised.

Explanation:

This means, the new capital in touch with the human innovation traits will generated ways to use this capital beyond their inventors knowledge. Giving the capital additional used. Assthis uses were discovered after the capital invention, are not included in the cost of the new capital therefore, are positive externalities of their.

Also, generally the labor productivity increases with new capital not decrease.

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Mize Company provided $45,500 of services on account, and collected $38,000 from customers during the year. The company also inc

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Answer:

D. All of these answer choices are correct

Explanation:

Use Accounting Equation

Events: Assets = Equity + Liabilities

Provided Services +45,500 +45,500

Collection from customers -38,000

+38,000

Expenses on Account -37,000 +37,000

Payment against payable -32,400 -32,400

Net Impact 13,100 8500 4600

Hence, It is proved that Assets, equity and liabilities are increased.

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A city paid $40,000 for police cars with the expectation that they would have a useful life of 4 years. After 3 years, the city

Helga [31]

Answer:

Journal entry

Explanation:

The journal entry is as follows

Cash $5,000

To other financing source - sale of capital assets $5000

(Being the sale in the general fund is recorded)

For recording this transaction we debited the cash account as it increases the asset account while credited the other financing source - sale of capital assets

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An increase in aggregate demand causes an increase in ________ only in the short run, but causes an increase in ________ in b

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D) real GDP will remain the same and price level will increase

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