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Pavel [41]
3 years ago
6

1.2 Which of the following is not a nominal account?

Business
1 answer:
bonufazy [111]3 years ago
8 0

Answer:

i can say is capital

Explanation:

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Bengal Co. provides the following...Bengal Co. provides the following sales forecast for the next three months: JulyAugustSeptem
svetoff [14.1K]

Answer:

8,955 units

Explanation:

Given that,

Sales in July = 9,500

Sales in August = 10,200

Sales in September = 6,050

Ending finished goods inventory = 30% of the next month's sale

Budgeted production units for August:

= Sales + Closing inventory - Opening inventory

= Sales + (30% of September sales) - (30% of August sales)

= 10,200 + (0.3 × 6,050) - (0.3 × 10,200)

= 10,200 + 1,815 - $3,060

= 8,955 units

7 0
3 years ago
3) What are the main factors behind economic growth? Write a short essay. Be expansive. Take a broad view of this question. What
viva [34]

Explanation:

  • It is a level of goods and services provided by the country in a specific period
  • Certain factors associated with the economic growth are

1. Natural resources: Every country must protect their land forms so that the natural resources like oil or mineral can be obtained adequately and thus it can boost the economy of the country

2. Infrastructure: Creating an successful infrastructure make goods and services faster and thus increasing the economic growth.

3. Higher population: There are both advantages and disadvantages. We have high man power and on the other side there might be huge unemployment too.

Culture is closely associated with the branch of economy because it can turn the country upside down. Because, it is the culture which decides the like and unlike of a particular product.

8 0
3 years ago
A customer paid $250 using a check for purchases made in the first week of January. The bank statement received at the end of th
vodka [1.7K]

Answer:

Credit to cash for 250

Explanation:

As in the question it is given that the customer is paid for $250 for purchase made in the first week of January.

And, in the bank statement it is shown that it was a NSF check.

Now the adjusting the company cash balance for reconciling the item would include a credit for cash for $250 so that the balance should be equaled

3 0
3 years ago
In 2018, Gail had a § 179 deduction carryover of $30,000. In 2019, she elected § 179 for an asset acquired at a cost of $115,000
Colt1911 [192]

Answer:

The answer is: Gail's § 179 deduction for 2019 is $145,000

Explanation:

§ 179 of the IRS Code, allows taxpayer to either:

  • deduct the cost of certain types of property from gross income taxes as an expense
  • allow the cost of the property to be capitalized and depreciated.

If Gail had a § 179 deduction carryover of $30,000 and then she acquired an asset for $115,000, her total § 179 deduction for 2019 is $30,000 + $115,000 = $145,000

8 0
4 years ago
Which of the following is an advantage of a sole proprietorship?
FromTheMoon [43]
B.  Sole proprietorships are not very highly regulated, so they are easy to get started.   Most forms of business are easy to expand if they succeed!  Getting financing really depends on how likely the lenders think the business is to succeed, irrespective of format.  The owner is directly liable for the debts of a sole proprietorship, but even if you incorporate, the bank is likely to want a personal guarantee of the owner for any debt of a new corporation, so it's pretty much the same deal.   Taxes could be higher or lower, depending on how the business does and what other sources of income the proprietor has (like their day job!)
7 0
3 years ago
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