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3 years ago

Painting expenses is debit or credit

Business

2 answers:

ozzi3 years ago

7 0

Credit
Bc painting expenses need credit

miss Akunina [59]3 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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In a fractional-reserve banking system, an increase in reserve requirements__________.

juin [17]

Answer:

b. decreases both the money multiplier and the money supply.

Explanation:

An increase in reserve requirements will decrease the money supply in the economy. This is because, banks and other financial institutions will have lower excess reserves to lend out to the public hence decreasing the overall amount of borrowing . Based on money multiplier, the explanation is based on the following equation;

Money multiplier = 1/ required reserve , if the required reserve increases then the fraction will be smaller. Therefore, the money multiplier will decrease too.

8 0

3 years ago

Metlock Company has identified that the cost of a new computer will be $44000, but with the use of the new computer, net income

arlik [135]

Answer:

Explanation:

Cash payback period calculates how long it takes to recover the amount invested in a project from its cumulative cash flows.

Cash payback period = amount invested / cash flows

Cash flows = net income + depreciation = $5000 + $3000 = $8000

$44,000 / $8,000 = 5.5 years

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3 years ago

You are the production head and you decide to introduce a new product in your production line. Market survey reveals that price

Ne4ueva [31]

Answer:

the following table shows the profits generated by each output quantity, assuming selling price is Rs40. Since marginal costs of production are lower than selling price, the more you sell, the higher your profit. Profit is maximized at 1,000 units = Rs35,960

Explanation:

output variable costs fixed costs total revenue profits

0 00 620 0 (620)

100 280 620 4,000 3,100

200 480 620 8,000 6,900

300 640 620 12,000 10,740

400 820 620 16,000 14,560

500 1,040 620 20,000 18,340

600 1,300 620 24,000 22,080

700 1,620 620 28,000 25,760

800 2,020 620 32,000 29,360

900 2,620 620 36,000 32,760

1000 3,420 620 40,000 35,960

8 0

4 years ago

In general Accounts are split into Personal Accounts and ImpersonalAccounts<br> True<br> False

ruslelena [56]

Answer:

True.

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB).

Thus, it is a field of accounting involving specific processes such as recording, summarizing, analysis and reporting of financial transactions with respect to business operations over a specific period of time. Financial experts or accountant uses either the cash basis or accrual basis of accounting.

An account can be defined as a formal and individual record of the financial transactions of a person, business firm, goods, assets, liability, etc.

All the transactions with respect to a particular item such as income, expenses, assets, liability, etc., are recorded in its account.

In general, accounts are split or divided into two main categories and these includes;

I. Personal Accounts

II. Impersonal Accounts.

6 0

3 years ago

"An unaffiliated investor wishes to sell a large amount of "144" shares. This person can do so, without being subject to the Rul

tekilochka [14]

Answer: 6 months

Explanation:

The Securities and Exchange Commission (SEC) of the United States uses Rule 144 to control and regulate sales transactions involving restricted, unregistered, and control securities.

When an unaffiliated investor to a company whose stock falls under Rule 144 wishes to sell them, they are indeed not bound by volume limitations if they sell after the holding period requirement of 6 months has been met.

This means that from the day the unaffiliated investor purchases and fully pays for the shares, they cannot sell them until 6 months from that very day have elapsed.

4 0

3 years ago

Painting expenses is debit or credit​

Painting expenses is debit or credit