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Orlov [11]
2 years ago
15

Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches.

Business
1 answer:
Stolb23 [73]2 years ago
3 0

Answer:

Matching transactions to the journal in which they would be entered:

Transactions                                                           Journal Type

1. Recognized depreciation on the building         General Journal

2. Journalized the adjusting entry for supplies

 used during the period                                       General Journal

3. Closed the revenue account at the end

of the period                                                         General Journal

4. Received cash from the bank in exchange

for a note payable                                                Cash Receipts Journal

5. Withdrew cash for personal use (by owner)   Cash Payments Journal

Explanation:

Revenue journal records revenue transactions.

Cash receipts journal records all cash receipts.

Purchases journal records all purchases on account.

Cash payments journal records all cash payments.

General journal is used for all transactions, especially those that cannot be recorded in any of the other specialized journals.

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The consumption schedule shows the relationship of household consumption to the level of?
dlinn [17]

The Consumption schedule shows the relationship of household consumption to the level of disposable income.

<h3>What is disposable income?</h3>

Disposable income is the sum of money that a person or household has available for spending or saving after income taxes have been subtracted (sometimes known as disposable personal income, or DPI). At the macroeconomic level, one of the most important economic indicators used to assess the overall health of the economy is disposable personal income. Net income equals disposable income. It is the balance remaining after taxes. The amount of net income that is left over after covering all essentials is referred to as discretionary income.

You could define disposable income as:

  • A country's national income less current transfers (current taxes on wealth, income, and other items, as well as social contributions and other current transfers), plus current transfers that residents of that country can get from the rest of the world.
  • Income that individuals or families have available for discretionary spending, is often known as disposable personal (or family/household) income. The amount of money left over after paying for bare needs like shelter, food, and fuel for a family is referred to as disposable income.

To know more about disposable income, visit:

brainly.com/question/14732695

#SPJ4

5 0
1 year ago
Difference between debit the receiver and credit the giver ​
Vinil7 [7]

Answer:

Explanation:

When a payment is made to somebody, you debit the receiver of that payment and credit Cash or Bank as money is paid from cash or by means of cheque. When money or cheques are received, you credit the person who is paying you and you debit the cash or bank.

6 0
3 years ago
Assuming purchase costs are declining and a periodic inventory system is used, determine the statements below which correctly de
Gnesinka [82]

Answer:

A. In a situation where prices are declining, companies using LIFO will report the smallest cost of goods sold.

- This is because LIFO calculates goods sold as Last in, First Out. And since the cost is declining, the last in inventory will have the smallest cost of goods sold.

C. Weighted average cost of goods sold will be between FIFO and LIFO costs of goods sold.

- Whether the cost of goods are rising or falling, this will always be the case.

D. Companies using LIFO will pay higher taxes than companies using FIFO, assuming all else being equal.

- This is because when using LIFO in this scenario, higher profits would be recorded and the tax is paid on profit, thus higher taxes.

F. Companies using LIFO will report the highest ending inventory on their balance sheets (as compared to companies using FIFO or weighted average,)

- This is simply because in this scenario, the LIFO sold the cheaper goods first leaving an ending inventory of the relatively expensive goods unlike FIFO which would have sold the expensive first. Again, emphasis on this scenario of declining cost.

8 0
2 years ago
Which of the following issues can be offered to the public under the 1933 Act?
dedylja [7]

Answer:

Which of the following issues can be offered to the public under the 1933 Act?

1. An exempt security.

2. A security registered under the Act.

Explanation:

The security's act of 1933 was formulated and passed into law in 1933 to protect investors after the stock market crash of 1929. The law had two major objectives; to enable transparency especially in the financial statements so that investors can make decisions after considering all aspects and also to provide regulations against misrepresentation to discourage cases of fraud in the securities markets.

The security's act of 1933 provided legislation on the sale of securities which was initially governed by the state laws. The law required the companies to register with the Securities and Exchange Commission (SEC) for full disclosure to potential investors. The information is provided to SEC and the potential investors in the form of a prospectus and a statement of registration.

The following issues are including in what can be offered to the public under this act, namely;

1. An exempt security.

2. A security registered under the Act.

However, the SEC does not approve a prospectus therefor issue number three is not true.

3 0
2 years ago
Serine wants to improve her knowledge about stocks. Which statement will help her understand the effect of demand and supply on
Serga [27]

Answer:

B

Explanation:

7 0
2 years ago
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