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2 years ago

Compare the company profit performance and financial position with the average for the industry

Business

1 answer:

Lady bird [3.3K]2 years ago

6 0

Answer:

what average for the industry

Explanation:

can i have a choise

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On July 31, the bookkeeping account Supplies Inventory shows a debit balance of $1,000. A physical inventory taken on that date

Tanya [424]

Answer:

$200

Explanation:

When Supplies inventory are purchased, a debit is posted to Supplies inventory and a credit to cash account or accounts payable.

As the inventories are used, debit Supplies expense and credit Supplies inventory account.

Given that $1,000 was the debit in the books and $800 per count, it means the books balance needs to be written down to the physical balance. The difference to be posted

= $1,000 - $800

= $200

This will be done by

Debit Supplies expense $200

Credit Supplies Inventory $200

Being entries to record inventory used in July

4 0

3 years ago

Natural gas is often priced in units of dollars per therm. One therm equals 100,000 BTUs . A certain family uses 600 therms of e

ololo11 [35]

Answer:

-$28.8.

Explanation:

Note, we were told,

to assume the cost of a therm is $0.30
the family uses 600 therms of energy annually.

<u>Savings on old furnace:</u>

600 * $0.30 * 0.80 (or written as 80%) = $144

<u>Savings on new furnace:</u>

600 * $0.30 * 0.96 (or written as 96%) = $172.8

Difference: $144 - $172.8 = -$28.8.

7 0

3 years ago

Select the correct answer.

amid [387]

Answer:

A is the answer

Explanation:

3 0

3 years ago

Which of the following techniques is used by the nielsen company to measure ratings? A- set meters, B- Tentpoling, C- Syndicatio

liq [111]

Answer:

A. Set meters is the correct answer.

Explanation:

4 0

3 years ago

[The following information applies to the questions displayed below.]

Orlov [11]

Answer:

Pose-for-Pics

Effects on the accounting equation:

Assets = Liabilities + Equity

Aug 1 Cash +$9,000 Equipment +$38,700 = M. Harris, Capital +$47,700

Aug 2 Cash -$2,300 Prepaid Insurance +$2,300

Aug 5 Cash -$1,710 Supplies +$1,710

Aug 20 Cash +$2,650 = Revenue +$2,650

Aug 31 Cash -$870 = Utilities Expense -870

Total assets $49,480 = Total equity $49,480

Explanation:

a) Data and Analysis based on the accounting equation:

August 1 Cash $9,000 Equipment $38,700 M. Harris, Capital $47,700

August 2 Prepaid Insurance $2,300 Cash ($2,300)

August 5 Supplies $1,710 Cash ($1,710)

August 20 Cash $2,650 Service Revenue $2,650

August 31 Utilities ($870) Cash ($870)

8 0

3 years ago