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cricket20 [7]
3 years ago
5

What will be the credit and debit

Business
1 answer:
juin [17]3 years ago
3 0
A credit card is money the bank lets you borrow A debit card is money you already have
You might be interested in
During their first year, Austin and Associates bought $32,000 worth of supplies for their CPA firm. When purchased, the supplies
tia_tia [17]

Answer:

Supplies Expense  = $24,000

Supplies  = $24,000

Explanation:

given data

bought for CPA firm = $32,000

supplies on hand = $8,000

solution

we know here that when $8000 supplies available out of $32,000  

so supplier during period will be = $32,000  - $8000

supplies expense = $24000

and that is express as

     Accounts title                            Debit              Credit

    Supplies expense                     $24,000  

    Supplies                                                             $24,000

3 0
3 years ago
Compared to countries with less economic freedom, countries with more economic freedom achieve higher per person income levels,
UkoKoshka [18]

Answer:

<em><u>The correct answer is:</u></em> Achieve higher per person income levels, but they also have higher poverty rates.

Explanation:

What happens is that in countries with greater economic freedom, there is the free market, which is an economic form of the capitalist system that allows trade to be conducted free of external forces, being guided by the law of supply and demand. This system allows greater economic interaction with internal and external economic agents whose main objective is to generate profits.

The strong industrialization resulting from the capitalist system causes the greatest economic growth in a country and can increase the levels of per capita income, but it also generates greater social inequality that directly affects the growth of poverty rates. Generally, the main indicators of economic growth, such as GDP, have some limitations to indicate the distribution of wealth because they do not consider variables that include the well-being of the population.

7 0
3 years ago
Llywelyn, Inc. reports the following information for​ July: Sales Revenue $ 1 comma 000 comma 000 Variable Costs 200 comma 000 O
trapecia [35]

Answer:

A. $ 420,000

Explanation:

We have to find the missing information

Sales revenues            1,000,000

variable cost              <u>    (200,000)</u>

Contribution Margin       800,000

Fixed Cost                <u>            X         </u>

Operating Income          380,000

Contribution margin - operating income = fixed cost

$800,000 - $380,000 = fixed cost

fixed cost =   $420,000

6 0
3 years ago
Whispering Winds Corp. just began business and made the following four inventory purchases in June: June 1 147 units $882 June 1
MariettaO [177]

Answer:

the ending inventory using the LIFO method is $1,225

Explanation:

The computation of the value of the inventory using the LIFO method is shown below;

Since there are 196 closing units

So,

= 146 units × $6 + 49 units × $7

= $882 +  $343

= $1,225

The $6 come from

= $882 ÷ 147 units

And, $7 comes from

= $1,372 ÷ 196 units

Hence, the ending inventory using the LIFO method is $1,225

5 0
2 years ago
Suppose the inflation rate is 2% per year. If you currently think of $40,000 as an acceptable retirement income and are expectin
Svetllana [295]
40,000x(1.02^40)=$88,322
3 0
3 years ago
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