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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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Products is a manufacturer of large flower pots for urban settings. The company has these​ standards:
slega [8]

Answer:

Results are below.

Explanation:

<u>First, we need to determine the standard production costs:</u>

Direct materials= 9.6*4.55= $43.68

Direct labor= 1*15.80= $15.8

Variable manufacturing overhead rate= 3.40*1= $3.4

Predetermined fixed manufacturing overhead rate= 6*1= $6

<u>Finally, the standard cost per unit:</u>

Total unitary cost= 43.68 + 15.8 + 3.4 + 6= $68.88

5 0
2 years ago
Magical Productions is a large production company that controls a major portion of the television industry's market share along
Daniel [21]

Answer: Oligopolistic

Explanation:  

 The oligopolistic industry is one of the type of market structure where the small industries or the companies are compete with each other and earning the various types of economical profits.

The main purpose of this type of industry is that it help[s in reducing the competition in the market and also control the market share function.  

According to the given scenario, the magical production is one of the type of large production organization and this company perform various types of functioning in the Oligopolistic industry.  

 Therefore, Oligopolistic is the correct answer.

3 0
3 years ago
Most of the property in command economies is owned by who​
ozzi

Answer:

In a command economy an authority such as the government, governmental agency, or central planners decide what to produce, how to produce and to whom goods and services will be allocated.

4 0
3 years ago
Which is a tax in which the percentage paid increases as income increases?
AleksAgata [21]
Progressive tax. Literally just reviewed this lesson in my econ class lol. 
8 0
3 years ago
Read 2 more answers
What is the difference between a checking account debit card and a gift card?
vekshin1
A gift card is something that anyone, of any age, can buy. This card works only at the certain business it is for. Such as a Burger King gift card, you can only use that card at Burger King. A checking account debit card is a card you can use in any situation, as long as they have the proper equipment. This card extracts money from your banking account, whereas the gift card has a set amount of money on it. Also, a checking account debit card is only given to people 18 and over, since signing a check is technically signing a contract, and using a debit card goes along the same lines as signing a check. 
6 0
3 years ago
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