The debit balance in a nominal account shows:

a) Gains b) Expenses

c) Assets d) None of the above



(answer the above question correctly)

Answers

Answer 1
the debit balance in a nominal account shows b) Expenses

Related Questions

Suppose In a Snap Ltd. Just issued a dividend of $1. 25 per share on its common stock. The company paid dividends of $. 85, $. 90, $1. 04, and $1. 10 per share in the last four years. If the stock currently sells for $45, what is your best estimate of the company’s cost of equity capital using the arithmetic average growth rate in dividends? What if you use the geometric average growth rate?.

Answers

I have attached the answer

When countries specialize in the production of goods they have the comparative advantage in, both ___________ and ___________________ will increase

Answers

Based on the question above, demand and supply will increase.

Demanddemand is the quantity of a good that consumers are willing and able to buy at various prices during a given period of time.

Supply supply is the amount of a resource that firms, manufacturers, labourers, providers of financial assets, or other economic agents are willing and able to provide to the marketplace or to an individual.

Therefore, the correct answers are demand and supply.

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Lopez Corporation, a manufacturer of household paints, is preparing annual financial statements at December 31, 2007. Because of a recently proven health hazard in one of its paints, the government has clearly indicated its intention of having Lopez recall all cans of this paint sold in the last six months. The management of Lopez estimates that this recall would cost $800,000.

Requried:
What accounting recognition, if any, should be accorded this situation?

Answers

The accounting recognition to be accorded in this situation is operating expense of $800,000 and liability of $800,000.

Basically, an accounting recognition refers to the act of recording a business transaction in the firm's accounting records.

Because the management of Lopez estimates that this recall of all cans of paint sold in the last six months would cost $800,000, then, the entry will be as follows

In conclusion, the accounting recognition to be accorded in this situation is operating expense of $800,000 and liability of $800,000

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true or false? you should revisit your kpis every 18 months.

Answers

Answer:

false

have a nice day!!!

Niki makes the same payment every two months to pay off his $61,600 loan. The loan has an interest rate of 9. 84%, compounded every two months. If Niki pays off his loan after exactly eleven years, how much interest will he have paid in total? Round all dollar values to the nearest cent. A. $39,695. 48 b. $10,294. 26 c. $3,126. 29 d. $39,467. 12.

Answers

The total amount of interest paid by Niki is  $39,695.48.

The loan is termed as the amount that is borrowed by the lender and is paid off back at some defined amount of interest.  

Computation of amount of interest to be paid by Niki:

 

The given information is:

 P is the periodic payment.

PV = $61,600

r = 0.0984

t = 6

n = 11 years  

[tex]\begin{aligned}PV = \frac{P(1 - (1 +\frac{r}{t}^{nt}))}{\frac{r}{t}}\end{aligned}[/tex]

[tex]\begin{aligned}61600 =\frac{P(1 - (1 +\frac{0.0984}{6}^{11\times6})}{\frac{0.0984}{6}}\end{aligned}[/tex]

[tex]\begin{aligned}61600 =\frac{P(1 - (1 + 0.0164)^{66} )}{ 0.0164}\end{aligned}[/tex]

[tex]61600\times0.0164 = P(1 - (1.0164)^{66} )[/tex]

[tex]\begin{aligned}1010.24&=p\times(1-0.341769)\\1010.24&=0.658321\times p\\p&=\frac{1010.24}{0.658321}\\p&=1534.78\end{aligned}[/tex]

Niki pays $1534.78 every two months continuously for eleven years.

[tex]\begin{aligned}\text{The total payment made by Niki} &= \text{Tenure Period} \times 6 \times \text{Amount of interest}\\\text{The total payment made by Niki}&=11\times6\times\$1534.78\\\text{The total payment made by Niki}&= \$101295.48\end{aligned}[/tex]

[tex]\text{Interest paid} = \text{Total Payment} - PV\\\text{Interest paid} = 101295.48-61600\\\text{Interest paid} =\$39,695.48[/tex]  

Therefore, the correct option is A.

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Paid Rs.4,500 to Anita after deducting 10% discount.​

Answers

Answer:

4050

Explanation:

=10%of 4500

=450

now,

4500-450=4050

arts stream padhne se aacha to python ya java ki book pdf download kar lo usse padh lo

Answers

Answer:

Hahahahahahahha is it that much difficult

You plan on making a $235. 15 monthly deposit into an account that pays 3. 2% interest, compounded monthly, for 20 years. At the end of this period, you plan on withdrawing regular monthly payments. Determine the amount that you can withdraw each month for 10 years, if you plan on not having anything in the account at the end of the 10 year period and no future deposits are made to the account. A. $769. 27 b. $767. 23 c. $78,910. 41 d. $79,120. 84.

Answers

Answer:

10

Explanation:

The amount of money that can be withdrawn each month for 10 years is equal to: A. $769. 27.

Given the following data:

Time = 20 yearsMonthly payment = $235.15Interest rate = 3.2%

To determine the amount of money that can be withdrawn each month for 10 years:

First of all, we would convert the compounded interest rate into an effective monthly interest rate as follows:

[tex]r = \frac{0.032}{12} = 0.00267[/tex]

Next, we would calculate the future value for these annuities by using this formula:

[tex]A = \frac{P[(1+r)^{12t} - 1]}{r}[/tex]

Where:

A is the future value.P is the monthly payment or principal.r is the effective monthly interest rate.

Substituting the given parameters into the formula, we have;

[tex]A = \frac{235.15[(1+0.00267)^{12 \times 20}\; - \;1]}{0.00267}\\\\A = \frac{235.15[(1.00267)^{240}\; - \;1]}{0.00267}\\\\A = \frac{235.15[1.8964\; - \;1]}{0.00267}\\\\A = \frac{235.15[0.8964]}{0.00267}\\\\A = \frac{210.789}{0.00267}[/tex]

A = $78,947.19

Now, we can the amount of money that can be withdrawn each month for 10 years by using this formula:

[tex]A = \frac{P[(1+r)^{12t} - 1]}{r(1+r)^{12t}}[/tex]

Making P the subject of formula, we have:

[tex]P = \frac{A[r(1+r)^{12t}]}{(1+r)^{12t} - 1}[/tex]

Substituting the given parameters into the formula, we have;

[tex]P = \frac{78,947.19[0.00267(1+0.00267)^{12 \times 10}]}{(1+0.00267)^{12 \times 10} - 1}\\\\P = \frac{78,947.19[0.00267(1.3771)]}{1.3771 - 1}\\\\P = \frac{290.278}{0.3771 }[/tex]

P = $769.27

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True or false :Equifax experian and transunion are legally obligated to provide identical information

Answers

True; Equifax, Experian, and TransUnion are legally obligated to provide identical information.

It should be noted that Equifax experian and transunion are legally obligated to provide identical information.

What is Experian and Equifax?

Experian and Equifax serves as a credit bureaus in the U.S that collect and research credit information.

They help individuals to rate the overall ability to pay back a debt.

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a new machine with a purchase price of $109,000, with transportation costs of $12,000, installation costs of $5,000, and special acquisition fees of $6,000, would have a cost basis of:

Answers

Based on the information given the cost basis is $132,000.

Using this formula

Cost basis=Purchases price+ Transportation costs + Installation costs +  Special acquisition fees

Where:

Purchases price=$109,000

Transportation costs=$12,000

Installation costs=$5,000

Special acquisition fees=$6,000

Let plug in the formula

Cost basis=$109,000+$12,000+$5,000+$6,000

Cost basis=$132,000

Inconclusion the cost basis is $132,000.

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What is a trend in business

Answers

A trend in buisness is to invest

an example of contractionary fiscal policy would be:

Answers

Answer:

increasing taxes and lowering government spending.

Explanation:

When the government lowers taxes, consumers have more disposable income.

the most recent large-scale use of contractionary fiscal policy came during President Bill Clinton's time in office (1993–2001), when he increased taxes on high-income taxpayers and decreased government spending on both defense and welfare

Export Production,

Increases the country's stock of wealth

Allows family members to make productive use of their time

Saves money on imports

Produces enough to support the needs of the community

Answers

Answer:

Increases the country's stock of wealth

Explanation:

There are two types of businessesImportExportImport means to buy things which are made otherwhere from other countries to our own country.Export means to transfer things which are made in our country to outside

margaret puts money into her savings account each month. in this example money is functioning as a

Answers

Answer: a store of value

In case where Margaret deposits money into her savings account monthly, the money functions acts as a store of value.

What are the characteristics of money?

Money is a legally sanctioned document of the government and serves as a medium of exchange. It is generally acceptable mode of payment and is legal tender.

One of the main features of money is the storage and stability of its own value. This implies that money is something which is easily accessible and can be retrieved on demand.

In the above example, Margaret puts her money into the savings account, where she can easily use, store and retrieve the amount of money as per her will and requirement. So, money acts as a store of value.

Hence, it may be stated that when someone deposits money into the savings account, such money being deposited acts as a store of value.

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#SPJ2

Why does the government oversee the provision of public goods?

Public goods are goods and services that tend to result in negative externalities; therefore, the government must oversee that the provision of these goods and services is limited.
Public goods are goods and services that tend to result in negative externalities; therefore, the government must oversee that the provision of these goods and services is limited.

Public goods are goods and services that are non-excludable and rivalrous. The government must oversee the fair distribution of these goods; otherwise, they would be distributed on a first-come, first-serve basis.
Public goods are goods and services that are non-excludable and rivalrous. The government must oversee the fair distribution of these goods; otherwise, they would be distributed on a first-come, first-serve basis.

Public goods are goods and services that are non-excludable and non-rivalrous; therefore, it is not profitable or in the best interest of private businesses to provide these goods.
Public goods are goods and services that are non-excludable and non-rivalrous; therefore, it is not profitable or in the best interest of private businesses to provide these goods.

Public goods and services require resources in production that are scarce; therefore, the government must ensure that production is limited.

Answers

The reason why public goods are provided by the government is C. Public goods are goods and services that are non-excludable and non-rivalrous; therefore, it is not profitable or in the best interest of private businesses to provide these goods.

A public good simply means the good that is beneficial to everyone in the society. It's non-excludable and non-rivalrous. e.g electricity, water, sewage disposal, etc.

Public goods are goods and services that are non-excludable and non-rivalrous; therefore, it is not profitable or in the best interest of private businesses to provide these goods. They're usually provided to meet the needs of the people and not for profit motive.

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Answer:

Public goods are goods and services that are non-excludable and non-rivalrous; therefore, it is not profitable or in the best interest of private businesses to provide these goods.

Explanation:

The guy above me is also correct, pls give him credit. The test said it was correct.

What kinds of products
and property do cyber-
protection laws cover?

Answers

Answer:

Act of threatening to share information about a person to the public, their friends or family, unless a demand is met or money is paid

Explanation:

what is 450x12 PLZ HELP ME I NEED HELP

Answers

Answer:

5400

quick and easy  thank u

.

Dylan and Roberta want to teach their children about money management. What is the BEST way to help their children understand money?

A. Dylan and Roberta should invest money for their children’s education.

B. The children should manage their own weekly allowances.

C. They should wait until the children are older than 16 to discuss money.

D. The children should put all of their money in piggy banks and never spend it.

Answers

Hi!

Option C is correct.

Explanation of the choices:

A. - This seems a good choice, however it's not the best choice. Let's come back to it.

B. - This is the best choice because they get to experience first-hand how to manage and make their own money decisions. Choice A might seem good at first, but we can see this is better because they get to make their own decisions and experience hands-on how to do it.

C - This is not a good choice, because it's best to expose children early so they can grow up knowing how to do it.

D - This choice doesn't make sense. What is the point of money if you store it away and don't spend it? This will likely not be a good lesson in the future.

Hope this helps! :D

Answer:

the right answer is "B. The children should manage their own weekly allowances."

Explanation:

trust me ;)

A savings account is a good choice for:
A. a high return on your investment.
B. retirement planning.
C. when you need easy access to your funds. .
о
D. basic savings and as an emergency fund.

Answers

Answer:

B. Basic savings and as an emergency fund

Explanation:

QUESTION 7 of 20: Money market refers to:

Answers

Money market refers to trading in short-term debt investments. It facilitates the lending and borrowing of money on a short-term basis.

A contractor can spend at most $350 a day on operating costs and payroll. It costs $75 each day to operate the forklift and $55 a day for each crew member. Write an inequality to represent the contractor's budget for the day. 75 55x ≥ 350 75 55x ≤ 350 75x 55 ≥ 350 75x 55 ≤ 350.

Answers

An inequality to represent the contractor's budget for the day is [tex]75 + 55x \leq 350[/tex].

Let the number of crew member be x.Let the forklift operating cost be F.Let the total cost be T.Let the payroll be P.

Given the following data:

Total expense [tex]\leq[/tex] $350

Forklift operating cost = $75

Payroll for each crew member = $55

To write an inequality to represent the contractor's budget for the day:

The contractor's budget for the day on operating costs and payroll must not exceed $350. Thus, the mathematical expression (inequality) for the contractor's budget in a day is represented as follows:

[tex]F+Px \leq T[/tex]

Substituting the given parameters into the formula, we have;

[tex]75 + 55x \leq 350[/tex]

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Who is likely to be in favor of a country that would be a net exporter moving from autarky to free trade

Answers

Explanation:

sorry don't know think you should ask the question

Which leadership skill do you feel is most important for a small business to succeed for a
long time? Explain your answer using examples. It's depends on the business that they are doing because they all have strengths and weakness.

Answers

In my opinion, reliability and consistency are two of the most important leadership skills for a small business to succeed for a long time. With these two characteristics a small business can build a returning customer base as well as a good rating on review websites. For example, many local barbershops provide consistent quality haircuts which builds reliability and in turn demand and returning customers.

The United States and Canada have the production possibilities curves shown above. It is determined that the United States has the comparative advantage in peanuts. Will both nations gain from trade if the terms of trade that are offered are 1 Peanut= 2 Corn? Why or why not? Show your work.

Answers

In an exchange term in which 1 peanut is offered in exchange for 2 corn, the United States benefits because it has a greater capacity to exchange peanuts, so it can obtain more corn.

The graph shows the production capacity of the United States and Canada to produce corn and peanuts. In the case of the United States, it has the capacity to produce 60 of each product while Canada only has the capacity to produce 60 of corn and 20 of peanuts.

According to the above, if an exchange is established between the two countries in which 1 peanut is exchanged for 2 corn, the United States would have an advantage since they have more peanuts to offer and the amount of corn they would receive at change would be greater (maximum 160 corn)

On the other hand, Canada only has the capacity to change 20 peanuts, which is equivalent to 40 corn. So the United States is at an advantage because it has more peanuts to offer and would have a greater reception of corn.

Note: This question is incomplete because the graph is missing. Here is the graph.

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How do businesses maintain a formal record of financial transactions?
a) Publish an income statement b) Publish a balance sheet
c) Maintain a general journal
d) Utilize the Matching Principle

Answers

Businesses maintain a formal record of financial transactions through publication of income statement and balance sheet.

A formal record of financial transaction entails publication of periodic financial statement to allows users them to understand the financial position of the company.

The process of Bookkeeping with helps to record all financial transactions helps to publish an income statement and balance sheet.

The income statement and balance sheet are the two main financial record which depict the accurate position of the firms position.

Therefore, the Option A and B is correct.

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What do you think Madison needs to include in the fire prevention training plan?


Answers

"Fire size", "Atmosphere in the vicinity of the fire", "Fire fighter's evacuation path" are the correct answers.

When the quantity supplied is greater than the quantity demanded:

Answers

Answer:

... you have lots of extra products lying around and often prices will drop.

What tool in Word can you use to search your entire document for spelling and grammar errors?

Grammar Fixer
Spelling Dictionary
Spelling Help
Spelling and Grammar Check

Answers

Answer:

Spelling and Grammar check.

Explanation:

How large a payment must this customer make on 4/20/12 to be considered on-time with their payment?

Answers

An on-time payment simply means a payment that's paid back at a particular agreed at a particular due date that has been agreed.

Your information is incomplete. Therefore, an overview will be given. It should be noted that an on-time payment is important for one to run business affectively.

In this case, to be considered on-time with their payment, the customer should pay the agreed amount. Late payments simply impact ones ability to run business and can lead to one incurring more interest.

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Oil refining is an example of:

Construction Production
Extractive Production
Domestic Production
Traditional Production

Answers

Answer:

Explanation: step by step

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