Answer: The correct answer is B : a $5,000 decrease in cash, a $15,000 increase in notes payable, and a $20,000 increase in equipment, all entered on the same date.
Explanation: The option B is correct because we are accounting for a purchase of a piece of equipment. The options in the questions show that the purchase was partly through cash and partly through notes payable. Since that is the case, the appropriate entries should record a cash outflow (credit to cash to decrease it), increase in notes payable as a result (credit to notes payable to increase) and subsequently, increase in equipment (debit to equipment). <em>So, the total credits equal the total debit.</em>
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Answer:
Option "D" is the correct answer for the following.
Increase the flow rate.
Explanation:
The quantity the ventilator provides differs with adjustments in airway pressure, lung performance and ventilation system integrity.
- Volume-cycled ventilators: Air passes to the patient until a fixed volume is supplied to the ventilator system, even if the airway pressure is very high.
- Inspiratory: Expiratory ratio applies to the inspiratory period scale: time of expiry. ... This offers a 1:2 I: E ratio, which reads "one to two."
- In asymmetric, this ratio is typically changed due to the increased expiration time. They could have a ratio of 1:3 or 1:4 to I: E.
Answer:
Charity fund should be handled with care as it is donor's money which should be handled with care. The amount of charity should be spent for the actual cause.
Explanation:
Charity fund is the money which should be handled with great care. The major fund of the charity should be attribute to the main cause and there should be proper record maintenance for every penny spent. The charity fund is the responsibility of the management and any donor can ask anytime about the money spent.
Answer:
(A) $1,000
Explanation:
Health Savings Account (HSA) is an account that offers tax advantages to those individuals who are covered under high deductible health plans(HDHPs).
Both Employers and Employees make contributions to such an account.
Under the laws, the maximum contribution allowable is $3400 by both employers and employees.
Such contributions can be used for qualified medical expenses.
Individuals who are above 55 years of age can contribute an additional $1000 per person per year as per the law which can be of much help to early retirees.
Hence, Ruth is allowed to make an additional contribution of $1,000.
Answer:
Option (A) is correct.
Explanation:
Total dividends = $45,000 (Paid in 2010 and 2011)
common stock outstanding = 20,000 shares
Preferred dividend:
= No. of shares × Par value × 5%
= 5,000 × $100 × 5%
= $25,000
Dividends received by the common stockholders in 2011:
= Total dividends - Preferred dividend
= ($45,000 × 2) - ($25,000 × 3)
= $90,000 - $75,000
= $15,000
