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lesya [120]
2 years ago
7

What happens to the balance sheet when a company makes sales of $500, of which $300 is paid in cash and $200 is sold on credit

Business
1 answer:
postnew [5]2 years ago
7 0

Based on the information given what happens to the balance sheet is:

Debit Cash $300 ; Debit Accounts receivables $200 ;Credit Retained earnings $500.

The appropriate journal entry is:

Debit Cash $300

Debit Accounts receivables $200

Credit Retained earnings $500

(To record retained earnings)

Inconclusion  what happens to the balance sheet is: Debit Cash $300 ; Debit Accounts receivables $200 ;Credit Retained earnings $500.

Learn more about balance sheet here:brainly.com/question/1113933

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The four key types of ratios that investors monitor are liquidity ratios, leverage ratios, profitability ratios and _______ rati
mash [69]
I believe it is Activity Ratios. Hope this helps!
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3 years ago
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Souped Inc., a firm that manufactures ready-to-eat soups, offers incentives based on an employee's performance rating and the em
mel-nik [20]

Answer: B -Merit Pay

Explanation: Merit pay is a performance based incentive to employees. It is financial in nature which means that an employee might be given a bonus or a pay rise for an outstanding performance.

Merit pay is a good performance compensation policy which helps to boost employees performance and there by increasing a company's overall goals of profit making.

Merit pay is a very good incentive which gives employees a sense of belonging in an organisation. it helps employees boost their moral as they are sure that their efforts will be well compensated by the organisation.

5 0
3 years ago
The term ____________________ refers to a market exchange that affects a third party who is outside or external to the exchange.
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Answer: B. spillover

Explanation:

A Spillover is used to refer to the effects of an Externality which is what happens when a market exchange leads to effects on a third party that was not party to a transaction between the contracting parties.

The activities that result from the transaction spillover to the third party and can be either negative or positive. A negative spillover would be countries in Africa getting harsher global warming effects due to companies in china polluting the atmosphere.

5 0
3 years ago
Using the sequential method, Pone Hill Company allocates Janitorial Department costs based on square footage serviced. It alloca
Tpy6a [65]

Answer:

10% of the Janitorial Department's $450,000 costs is allocated to the Cutting Department

Explanation:

Given:

                                       Costs          Square Feet         Number of Employees

Janitorial Department   $450,000          100                                 20

Cafeteria Department   $200,000       10,000                              10

Cutting Department      $1,500,000       2,000                             60

Assembly Department  $3,000,000      8,000                              20

               

                        Cafeteria                      Cutting                 Assembly           Total

                      Department                department   department

Square feet    10,000                        2,000                 8,000         20,000

% of allocation      50%                          10%                   40%  

                             \frac{10,000}{20,000} × 100          \frac{2,000}{20,000} × 100          \frac{8,000}{20,000}  × 100  

Hence, % usage by the cutting department is 10%

5 0
3 years ago
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Answer:

b

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ebbbbdbjdbvbksb jbejbkgbksn

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