which of the following accounts would normally have a debit balance? multiple choice cash, delivery expense, dividends. accounts payable, service revenue, common stock. income tax payable, service revenue, dividends.
Answers
The correct option from the given multiple choices is: Cash, Delivery Expense, Dividends.
What is debit balance?When an account has more debits than credits, it is said to have a debit balance. Every accounting transaction has an impact on at least two accounts and is governed by the basic accounting equation, which is:
Liabilities + Equity = Assets
The total debits must match the total credit for each transaction. The two different sorts of entries in an accounting transaction are debits and credits, which are two sides of the same coin. Certain sorts of accounts are increased by debits, whereas they are decreased by credits.
A transaction is recorded as a debit when it increases an account and as a credit when it decreases an account. For instance, a business might debit its cash account and credit its accounts receivable account when it received cash.
When an account has a negative balance, it signifies that more money has been taken out of it than has been credited. This may occur for a variety of reasons, such as when a business has racked up more credit card debt than it has been able to pay off or when it has incurred more costs than income.
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Related Questions
TRUE OR FALSE: A mathematics professor at a university would fall under both the Education and Training career cluster and the STEM career cluster.
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Explanation: none
How are SI units supportive to traders?
Answers
Some common SI units
Mass=KgTemperature=KLuminous intensity=CandelaCurrent=AmperePressure=Pawhat is a company market share
Answers
A company's market share is its sales measured as a percentage of an industry's total revenues. You can determine a company's market share by dividing its total sales or revenues by the industry's total sales over a fiscal period. Use this measure to get a general idea of the size of a company relative to the industry.
I hope this helps! Good luck.
f) Purchased furniture for Rs. 12,000 giving Rs. 4,000 in cash and balance on credit.
journal entry
Answers
Debit: Furniture account for Rs. 12,000
Credit: Cash account for Rs. 4,000
Credit: Accounts Payable account for Rs. 8,000
Explanation:
- Furniture account is debited as it is an asset acquired by the business.
- Cash account is credited as the payment of Rs. 4,000 is made in cash.
- Accounts Payable account is credited as the remaining balance of Rs. 8,000 is still payable on credit.
Select the TWO False statements about the Design Thinking Process:
Question 1 options:
The Empathize phase tests solutions to users' problems.
Building Prototypes is the final phase of the Design Thinking Process.
Assumptions are challenged and ideas are created in the Ideate phase.
Problem statements are written in the Define phase.
Answers
Design thinking process is human made process which uses ideas of different personnel and then craft a strategy to promote business.
It is non linear process which understands user preferences and then craft a strategy.
The false statements for design thinking process are :
Building prototypes in the final phase of the design Thinking process.
Assumptions are challenged and ideas are created in the ideate phase.
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Tips to study commerce
Answers
Answer:
just study commerce and ur good
What is the Importance of public sector ??
Answers
17. Identify TWO aspect that may be an indication that you do not have time
management skills.
Answers
Bad time management causes low productivity since tasks aren't planned out or given priority. It may cause individuals to miss out on time from routine duties and finally result in burnout. Setting attainable goals is one of several strategies for enhancing time management abilities.
What contributes to students' bad time management?Some of the most common effects of poor time management among college students include lack of sleep, decreased academic performance, continuous procrastination, poor nutrition, and a higher risk of dropping out. Students frequently miss class, rush through tasks, and submit subpar work as a result.
How much does poor time management cost?You can end up working longer and longer hours to do your task as a result of poor time management, which will leave you exhausted, stressed, burnt out, and unwell with less time for your personal life.
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When an economy produces more smartphones and fewer cars, it is answering the?
Answers
When an economy produces more smartphones and fewer cars, it is answering the 'what' question.
What is an economy?
A complex system of linked trading, consumption, and production activities make up an economy, and it ultimately decides how resources are distributed among all the players. The requirements of persons who live and work inside the economy are met by the creation, consumption, and distribution of products and services. A country, a region, a single industry, or even a family may be represented by an economy. Every economy is different. Each is shaped by the resources, laws, cultures, histories, and geographies that are unique to it. Each change as a result of the individuals' decisions and behaviours. These choices are decided using a combination of collective or hierarchical decision-making and market transactions.
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How much of a self-employed taxpayer's self-employment tax may be deducted for AGI? a. 25% b. 50% c. 75% d. 100%
Answers
Self-employed taxpayers can deduct 50% of their self-employment tax for AGI (Adjusted Gross Income). Self-employment tax refers to the Social Security and Medicare taxes that self-employed individuals are required to pay.
Unlike employees who have these taxes withheld from their paychecks, self-employed individuals are responsible for paying both the employer and employee portions of these taxes.
Self-employment tax is calculated based on a percentage of the taxpayer's net self-employment income, which is generally their gross income from self-employment minus any allowable deductions. The self-employment tax rate is currently 15.3%, with 12.4% going towards Social Security and 2.9% going towards Medicare.
To help offset the burden of self-employment tax, self-employed taxpayers can deduct 50% of their self-employment tax for AGI. This means that the deduction is taken before calculating the taxpayer's AGI, which can reduce their taxable income and potentially lower their overall tax liability.
It's important to note that the deduction for self-employment tax is separate from the deduction for standard or itemized deductions. Self-employed taxpayers may still be eligible to take these deductions in addition to the deduction for self-employment tax.
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active/passive she is watering the plants
Answers
Answer:
active
Explanation:
she "is" means she is currently watering the plants. if it was passive it would have been like this, "she watered the plants".
I need some help on this please. Question is down below.
Answers
If a document reaches you, and requires you to perform some action, you should do it immediately if
a. It is from your mother or father
b. It seems important but not urgent
It will take less than two minutes to complete
d. The language in the document is polite
C.
Please select the best answer from the choices provided
Answers
Hope this helps! ^^
Answer:
C
Explanation:
colin, who is a paralegal for a powerful manhattan law firm, likes the fast pace of his work and the fact that things are always changing there. colin can be said to
Answers
Colin can be said to have internal locus of control
Internal locus of control is simply known as the way individuals perceive the occurrences that happen to them. Individuals who have an internal locus of control, often believes that what happens to them is a result of their own decisions. They do not accept social conformity and obedience.Collins believing in his fast pace of work is his internal locus of controlFrom the above we can say that Colin can be said to internal locus of control
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Answer:have a high tolerance for ambiguity
Explanation:
Because he is open to change and welcomes that things will be different at times
________ processes span an organization and support activities in multiple departments.
Answers
Answer:
Enterprise processes span an organization and support activities in multiple departments.
"A" represents the new quantity demanded, while "B" represents the new quantity supplied.
1. What is the result of these changes?
a) equilibrium
b) excess supply
c) excess demand
2. Based on this graph, what will prices most likely do?
a) rise
b) fall
c) stay the same
**PLEASE INCLUDE EXPLANATION
Answers
Answer:
caExplanation:
because it is possible in the graph only
Answer:
1.) Excess supply
2.) Fall
Explanation:
Edge
Commenced business with cash of Rs 20,000 and Goods worth Rs 25,000
Answers
Answer:
Whats the question
Explanation:
Part Two: Change Management Plan Submit your change management plan from Milestone Two that was created according to the following criteria. Be sure to revise your plan based on feedback that you received on your milestone. In this report prepared for the VP, you will detail the strategy to convince the workforce to implement the changes. Refer to the Case for Change Guide and other company data, such as the Leaders’ Self-Evaluations, the Vision, Mission, and Strategic Goals document, and the Employee Engagement Survey (all linked below in Supporting Materials). Ensure that the report details the pre-implementation and implementation phases of the change management plan. Specifically, you must address the following rubric criteria: Identify two key stakeholders or sponsor roles for the change process from the Singapore headquarters and the U.S. branch. Refer to the Leaders’ Self-Evaluations document for additional context. Discuss the significance of each stakeholder’s role in gaining buy-in, acceptance, and support for change across departments. How can each stakeholder improve the change initiatives’ likelihood of success (for example, by acting as opinion leaders, connectors, counselors, and journalists)? Identify strategic goals that align with the change management plan and provide rationale. Consider the following in your response: Refer to the Vision, Mission, and Strategic Goals document; U.S. Branch Overview; and Leaders’ Self-Evaluations. Ensure there is alignment of the change management plan with the strategic goals of the organization (Singaporean headquarters and U.S. branch). Research emerging trends that could influence employees of the U.S. branch. Explain how improvements to organizational systems can ensure successful and sustained behavioral change. Refer to the Exit Interviews to identify the areas of change. What are the processes, procedures, or policies that need improvement? How will these improvements impact behavioral change of employees at the U.S. branch? Recommend enhancement strategies for team collaboration. Refer to the Exit Interviews and the Leaders’ Self-Evaluations to identify the problems of team collaboration. What are the reasons for the lack of collaboration between team members across both locations of the organization? How can an individual performer become a team player to improve team collaboration? How should leadership behavior change to build trust? Determine a change management model that can be used at the U.S. branch and provide justification. Based on your evaluation of the challenges that the U.S. branch is currently facing, choose from the following change management models: Kotter's Change Management Model, Lewin’s Change Management Model, or the ADKAR Change Management Model How would you use the model you chose at the U.S. branch? Describe the steps needed to implement the change management model at the U.S. branch. Support your response with research. How would you mitigate and remove any roadblocks in the change management process? What are your plans to deal with the impact of planned and/or unplanned changes and any contingencies? What milestones need to be accomplished for change implementation to succeed? How would you measure success on your plan?
Answers
Whether an organization is a for-profit corporation, a government agency, or a nonprofit, management is the administration of that entity. It is the science of running a company's resources.
Businesses use management to plan their operations, processes, and personnel in order to achieve their objectives. The main objective of management is to establish an atmosphere that encourages productive and efficient work among personnel.
The administration and coordination of tasks to accomplish a goal is management. Setting the organization's strategy and organizing staff efforts to achieve these goals through the application of resources available are examples of such administration activities.
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Bourne Incorporated reports a cash balance at the end of the month of $2,445. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($78), an NSF check from a customer ($280), a customer’s note receivable collected by the bank ($1,100), and interest earned ($28).
Required:
Record the necessary entries to adjust the balance of cash.
Answers
Answer and Explanation:
The journal entries required to adjust the balance of cash as follows:
1. Cash Dr $1,128
To Notes receivable $1,100
To Interest revenue $28
(Being the cash is recorded)
Here cash is debited as it increased the assets and credited the notes receivable and interest revenue as it decreased the assets and revenue
2. Service expense Dr $78
Account receivable Dr $280
To cash $358
(being the cash paid is recorded)
here service expense and account receivable is debited as it increased the expenses and assets and credited the cash as it decreased the assets
Why someone working full time on a minimum wage may rin it very difficult to develop sources of unearned income, while someone on a higher salary should be able to
Answers
The labour expenses that firms must bear may be significantly affected if the minimum wage is set too high or raised too much. This might therefore result in price inflation, harm to exports, and a decline in employment.
Do rising wages lead to inflation?The relationship between wages and prices. Pay increases are a key inflationary factor since salaries account for a sizeable amount of organizations' expenditures. Inflation may increase when firms increase prices to maintain profits and profitability as a result of pay growth that is more rapid than productivity growth.
Why would a pay increase increase demand while reducing supply?The volume of goods or services that are offered on the market may decline when profits or income rise since doing so also raises supplier or manufacturing expenses. According to microeconomic theory, an increase in wages or income translates into higher income levels for households and consumers.
Why would someone decide to put in less time at work to get more money?With an increase in pay rates, the cost of producing the good rises, forcing manufacturers to raise their selling prices. As a result of consumers purchasing less of the goods when the price rises, there will be a reduction in output and sales. Less labor will be needed as a consequence.
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Please assist with the statement of cash flows. Thanks!
The following information (presented in thousands) is available for the Cumberland County Utility Enterprise Fund during the current year:
The beginning balance for cash and cash equivalents was $86,210 and for restricted cash was $12,366.
The utility collected $2,500 in customer deposits throughout the year. Deposits of $1,100 were returned, and accounts of $200 were written off.
Cash paid to vendors totaled $19,981, while cash paid to employees was $35,250.
The utility repaid revenue bonds restricted for capital acquisitions in the amount of $17,500 and issued new debt of $15,000 to acquire new equipment. Equipment costing $8,000 was purchased for cash during the year.
Cash receipts came from customers, $112,793; interest on investments, $900; a transfer from the General Fund, $5,000; and interest on customer deposits, $625. (Assume that interest on customer deposits is not restricted.)
Required
Prepare a statement of cash flows for the Cumberland County Utility Enterprise Fund. (Ignore the reconciliation of operating income to net cash provided by operating activities because insufficient information is provided to complete the reconciliation.) (Cash outflows should be indicated by a minus sign.)
Answers
Net increase in cash and cash equivalents 53,587
Cash and cash equivalents, the beginning of year 86,210
Cash and cash equivalents, end of year $139,797
What exactly are cash equivalents?Cash equivalents refer to highly liquid and low-risk financial instruments that can be easily converted into cash. These are short-term investments that typically mature within three months or less from the date of purchase.
Cumberland County Utility Enterprise Fund
Statement of Cash Flows
For the Current Year Ended
Cash Flows from Operating Activities:
Cash receipts from customers of $112,793
Interest on investments 900
Transfer from the General Fund 5,000
Interest on customer deposits 625
Cash paid to vendors (19,981)
Cash paid to employees (35,250)
Net cash provided by operating activities $64,087
Cash Flows from Investing Activities:
Purchase of equipment (8,000)
Net cash used in investing activities (8,000)
Cash Flows from Financing Activities:
Repayment of revenue bonds (17,500)
Issuance of new debt of 15,000
Net cash used in financing activities (2,500)
Net increase in cash and cash equivalents 53,587
Cash and cash equivalents, the beginning of year 86,210
Cash and cash equivalents, end of year $139,797
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If Vito, Inc. has an inventory turnover ratio of 5 times, then its average days to sell inventory must be ______.
Answers
The average days for Vito, Inc to sell inventory must be 73 days.
What is inventory turnover ratio?Inventory turnover is the rate that inventory stock is sold, or used, and replaced. It shows many times a company has sold and replaced inventory during a given period.
Given the above information,
Average days to sell inventory = 365 days / Inventory turnover ratio
Average days to sell inventory = 365 / 5
Average days to sell inventory = 73 days
Hence, the average days for Vito, Inc to sell inventory must be 73 days.
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Susie asks you for investment advice as she's not sure if she should invest in a Roth IRA or a Traditional IRA She has a great job now and expects to have lower earnings and a lower marginal tax rate once she retires. Which would you recommend and why? Response should be a minimum of 100 words
Answers
Susie anticipates a pay cut and a regular IRA can be a wise retirement savings plan because she will have a lower marginal tax rate when she retires.
What are regular and Roth IRAs?
When you make an after-tax contribution to a Roth IRA, your money grows tax-free, and once you reach the age of 59 and a half, you can typically take your funds without incurring any taxes or penalties.
A Traditional IRA allows you to make pre-tax or post-tax contributions, and your funds grow tax-deferred until you are 59 and a half years old.
With a Roth IRA, you can make after-tax contributions, see your money grow tax-free, and generally take withdrawals after age 5912.
A Traditional IRA allows for pre- or post-tax contributions, tax-deferred growth of your funds, and current income tax on withdrawals.
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This is a case study adopted from the book of Crispina R. Corpuz. "Reyes Department Store" Based on the review of the store, Nicole, the general manager concluded that one of the first things she has to attend involves developing the job description of her store supervisor. During her first few weeks on the job, Nicole found herself asking one of her supervisors, Jet, why was he violating what she knew to be part of the company policies and procedures. Jet’s only response was that he was not aware of that policy and was not aware it was part of his job. Nicole knew that a job description, along with a set of standards and procedures that specify what was to be done and how to do it, will go a long way toward alleviating the problem. Discuss the process that Nicole should follow to solve this problem.
Answers
In order to Nicole to solve this problem, she must reevaluate the job description and company policies and procedures, and then include certain specifications that will make employees more aware of their roles within the company.
Nicole is the general manager of the Reyes Department Store, so she acted correctly when she noticed inconsistent conduct by one of her supervisors and identified the problem.
She then realized that she should carry out a job description along with standards and procedures that specify what should be done and how to do it.
A job description is a document that specifies the responsibilities and activities of each organizational role.
Its objective is to adapt professionals to their work position according to their profile and optimize people management, creating greater standardization of processes and agility in decisions.
Therefore, job descriptions must always be monitored and revised so that new needs are included and so that employees can carry out their role effectively.
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References that employers trust for the most accurate reporting include _____. a. friends b. relatives c. counselors d. parents please select the best answer from the choices provided a b c d
Answers
Counselors are one of the references that employers trust for the most accurate reports. As a result, option (c) is the proper response.
Which are considered the most-trusted references by the employer?Counselors are one of the references that employers trust for the most accurate reports.
Employers do not trust the friends, relatives, and parents of prospective employees or employees to provide an accurate report because they believe they are not professional enough and that because of their proximity to the employee, they may provide false information in order to benefit the employee.
Employers view counselors as more professional and more likely to provide accurate information.
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Colt is single and has an AGI of $225,000. Colt has $400 in interest income, $2,700 in ordinary dividends, and $8,900 in capital gain from the disposition of property. What is Colt’s NIIT?
Answers
The calculation of the net investment income tax (NIIT) is 3.8% of the lesser of net investment income or the excess of modified adjusted gross income (MAGI) over the threshold amount. In this case, Colt's NIIT would be $456.
Assuming that there are no other relevant factors, Colt's net investment income tax (NIIT) can be calculated as follows:
Net Investment Income = Interest Income + Ordinary Dividends + Capital Gains = $400 + $2,700 + $8,900 = $12,000
Modified Adjusted Gross Income (MAGI) = AGI + NIIT = $225,000 + NIIT
NIIT = 3.8% of the lesser of: (1) Colt's Net Investment Income or (2) the excess of Colt's MAGI over the threshold amount, which for a single taxpayer is $200,000.
Since Colt's MAGI is above the threshold, we need to calculate the NIIT using the first option.
NIIT = 3.8% x $12,000 = $456
Therefore, Colt's NIIT is $456.
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This talk was given in 2013. Considering how quickly technology changes, do you think this talk is still applicable to life and technology today?
Answers
Answer:
Typically, yes. It was 2013. But a lot has happened these past years. So I'm leaning on a more side of "No" since it was 2013 like I've said before. technology changes a lot.
Explanation:
Aw sh~ here we go again.....
Answers
Answer:
Explanation: Yessssss..
You are creating a budget for your new business. What should you include?
A. All income and expenses.
B. Fixed expenses but not income.
C. Income but not variable expenses.
D. Fixed and variable expenses but not taxes.
Answers
Answer:
A
Explanation:
You should include all income and expenses because you need to know the value of the business and the amount of money you'll have to spend after you have deducted all the expenses and added all the incomes of the business.
The idea that elected representatives vote
for laws that are acceptable to most of their
constituents
Answers
Answer:
whats the question your asking