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Alik [6]
3 years ago
5

PLEASE HELP!!!!!!! - (see attachment )Principles of account question

Business
1 answer:
Mandarinka [93]3 years ago
6 0

The answer to the below question will be as follows:

Cheque of $500 sent by a creditor not recorded Working Capital will Increase No effect on Net Profit

Stock to be written off by $370 Working Capital will be the same

Net Profit will reduce

Bad Debts written off by $500 Working Capital will be the same

Net Profit will reduce

Provision of Depreciation Increased to $500 Working Capital will be the same Net Profit will reduce

Machine of net book Value $4000 sold for $4000 No effect

No effect on Net Profit


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Which of the following factors has the greatest impact in calculating FICO scores? Select one of the options below as your answe
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The right answer for the question that is being asked and shown above is that: "c. length of credit history."  the factor that has the greatest impact in calculating FICO scores is that c. length of credit history<span>
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4 0
3 years ago
The following is a trial balance of Barnhart Company as December 31, Year 1: Account Title: Debit Credit Cash 12,500 Accounts Re
Tanzania [10]

Answer:

The total amount of assets is 15,750.

Explanation:

Reproducing the trial balance below for clarity:

Account Title                  Debit           Credit

Cash                                12,500

Accounts Receivable     3,250

Accounts Payable                               2,800

Common Stock                                   6,600

Retained Earnings                              4,500

Service Revenue                                7,450

Operating Expenses       5,100

Dividends                         500

Total                                21,350         21,350

Calculation of Total Assets:

Total assets = Cash + Accounts Receivable

                    = 12,500 + 3,250

                    = 15,750

Note that among the given accounts, accounts cash and accounts receivable are assets; accounts payable is a liability; common stock and retained earnings are part of the capital; service revenue is a form of revenue; while operating expenses and dividends are expenses.

7 0
3 years ago
Whom do price supports benefit and whom do<br> they hurt?
Flura [38]
They benefit producers and hurt consumers
7 0
3 years ago
Andre works for a company that promotes an entrepreneurial culture. Employees are encouraged to discuss new ideas. Development t
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Answer:

Intrapreneurs

Explanation:

An intrapreneur is an employee who is responsible for creating new products in an organization. An intrapreneur is an individual who converts an idea into a finished product. An intrapreneur must possess the ability to create something unique, they must be self motivated individuals who are willing to take calculated risks inorder to achieve their goals.

An intrapreneur possess entrepreneurship skills, they must be able to inspire other employees to create something new because an organization will loose it's relevance if new products are not developed.

6 0
3 years ago
N December 2, Coley Corp. acquired 1,700 shares of its $2 par value common stock for $21 each. On December 20, Coley Corp. resol
erma4kov [3.2K]

Answer:

Credit Treasury Stock $20,000

Explanation:

When the company reissued the shares, the Treasury Stock account is credited by the same price they were acquire. i.e. in this case we acquire the treasury stock at a price of $20.

Cash (1,000 * 12)                                    12,000

Additional Paid in Capital                        8,000

                         Treasury Stock (1,000 * 20)               20,000

6 0
3 years ago
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