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2 years ago

Painting expenses is debit or credit

Business

2 answers:

ozzi2 years ago

7 0

Credit
Bc painting expenses need credit

miss Akunina [59]2 years ago

3 0

Answer:

Debit

Explanation:

If its not a house or a big invesment into a buisness it is debit

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What does reconciling an account mean?

Gala2k [10]

Reconciliation is the accounting process of comparing two data sets to ensure that the numbers are correct and consistent.

Reconciling bank statements simply means comparing your internal financial records with those provided by your bank. This process is critical to being able to identify anomalous transactions caused by fraud or accounting errors.

All businesses are required to reconcile their banks at least once a month. It is convenient to reconcile the books immediately after the end of the month, as at the end of the month your bank will send you a monthly statement that you can use as the basis for your reconciliation. Balance sheet reconciliation is the process of closing the balances of all individual companies.

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1 year ago

MM Proposition I with corporate taxes states that:

OLEGan [10]

Answer:

d.) I and II

Explanation:

The first proposition can be regarded as proposition that gives a clam that capital structure of a company has no impact on the value. The value of a company is been known as present value of future cash flows when it's calculated, then it cannot be affected by capital structure. It should be noted that MM Proposition I with corporate taxes states that capital structure can affect firm value by an amount that is equal to the present value of the interest tax shield.

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3 years ago

Adong's Fishing Products is analyzing the performance of its cash management. On average, the firm holds inventory for 65 days,

tatuchka [14]

Answer:

A. $45

B. $80

C. $8,167

Explanation:

(a) Calculation to determine the firm's cash conversion cycle

Cash conversion cycle=$65 +$15 – $35

Cash conversion cycle=$45

Therefore the firm's cash conversion cycle is $45

(b) Calculation to determine the firm's operating cycle

Operating cycle =$65 +$15

Operating cycle=$80

Therefore the firm's operating cycle is $80

(c) Calculation to determine the daily expenditure and the firm's annual savings if the operating cycle is reduced by 15 days

First step is to calculate the Daily expenditure

Daily expenditure =$1,960,000/360

Daily expenditure=$5,444.44

Now let determine the Annual savings

Annual savings =$5,444.44 *15*0.10

Annual savings=$8,167

Therefore the daily expenditure and the firm's annual savings if the operating cycle is reduced by 15 days will be $8,167

5 0

2 years ago

he following production data were taken from the records of the Finishing Department for July: Inventory in process, July 1, 30%

natita [175]

Answer:

The total equivalent units for conversion costs is 40,600.

Explanation:

Under the first-in, first-out method, units that were incomplete for last year are the first to be completed, followed by units started during the year.

<u>Calculation of the total equivalent units for conversion costs :</u>

To Finish Opening Work In Process (5,000 × 70%) = 3,500

Started and Completed ((40,500 - 5,000) × 100 %) = 35,500

Closing Work In Process ( 4,000 × 40%) = 1,600

Total equivalent units for conversion costs = 40,600

Conclusion :

The total equivalent units for conversion costs is 40,600.

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3 years ago

how can electricity, communication, and transportation facilities indicate the potential for industrial growth?

nlexa [21]

Answer:

The more electricity, communications, and transportation used in a nation's economy, it will give them a more developed country and a greater potential for increased industrialization.

Explanation:

3 0

3 years ago

Painting expenses is debit or credit​

Painting expenses is debit or credit