a entry to a liability account decreases the account balance

Answers

Answer 1

Answer:

Asset accounts. A debit increases the balance and a credit decreases the balance. Liability accounts. A debit decreases the balance and a credit increases the balance.

Explanation:


Related Questions

Wants can also be considered which of the following?

Answers

Answer:

What are the answer choices

"in year 1, costello company performed $14,000 of services for a customer who paid immediately. it also incurred $6,000 of wage expenses but did not pay employees until year 2. if costello uses the accrual-basis of accounting, then costello will report"

Answers

Answer: revenue of $14,000 and expense of $6,000 in Year 1.

Explanation:

In accrual accounting, it should be noted that for this accounting method, the revenue or expenses that are made by the individual or company will be recorded as at the time that the transaction took place and not when the payment for the transaction was gotten.

Since Costello company performed $14,000 of services and also incurred $6,000 of wage expenses, then Costello will report revenue of $14,000 and expense of $6,000 in Year 1.

differentiate between homogeneous mixtures and heterogeneous mixtures ​

Answers

Answer:

A homogeneous mixture is a solid, liquid or gaseous mixture that has the same proportions of its components throughout any given sample. Conversely, a heterogeneous mixture has components in which proportions vary throughout the sample.

Which answer best defines employee benefits? Employee benefits are the total income you receive over your lifetime. Employee benefits include any education you acquire beyond high school. Employee benefits are benefits related to a specific trade. Employee benefits are nonsalary compensation granted by an employer.

Answers

Answer:

D. Employee benefits are nonsalary compensation granted by an employer.

Explanation:

Employee benefits are non-salary compensation granted by an employer such as health insurance, vacation, housing allowance, profit sharing, paid time off, bicycle allowance, sick leave, social security etc.

Generally, in addition to the monthly wages or salaries the workers are expected to receive, employee benefits are usually paid by an employer to employees working in an organization.

The main purpose of employee benefits is to motivate the employees to remain with an organization (worker retention) and to serve as a motivation for their good services. Also, employee benefits helps to enhance corporate loyalty and employee satisfaction within an organization or company.

Answer:

D

Explanation:

A production facility employs 10 workers on the day shift, 8 workers on the swing shift, and 6 workers on the graveyard shift. A quality control consultant is to select 4 of these workers for in-depth interviews. Suppose the selection is made in such a way that any particular group of 4 workers has the same chance of being selected as does any other group (drawing 4 slips without replacement from among 24).

Answers

Answer:

The answer is below

Explanation:

A What is the probability that all 4 selected workers will be the day shift?

B What is the probability that all 4 selected workers will be the same shift?

C What is the probability that at least two different shifts will be represented among the selected workers.

A)

The total number of workers = 10 + 8 + 6 = 24

The probability that all 4 selected workers will be the day shift is given as:

[tex]P_a=\frac{C(10,4)}{C(24,4)}= \frac{210}{10626}=0.0198[/tex]

[tex]C(n,r)=\frac{n!}{(n-r)!r!}[/tex]

B) The probability that all 4 selected workers will be the same shift ([tex]P_B[/tex]) = probability that all 4 selected workers will be the day shift + probability that all 4 selected workers will be the swing shift + probability that all 4 selected workers will be the graveyard shift.

Hence:

[tex]P_B=\frac{C(10,4)}{C(24,4)}+\frac{C(8,4)}{C(24,4)}+\frac{C(6,4)}{C(24,4)}=0.0198+0.0066+0.0014=0.0278[/tex]

C) The probability that at least two different shifts will be represented among the selected workers ([tex]P_C[/tex])= 1 - the probability that all 4 selected workers will be the same shift([tex]P_B[/tex])

[tex]P_C=1-P_B\\\\P_C=1-0.0278\\\\P_C=0.972[/tex]

Explain why during a recession the level of consumer spending will fall. [6] - economics

Answers

Answer:

During recessions, of course, consumers set stricter priorities and reduce their spending. As sales start to drop, businesses typically cut costs, reduce prices, and postpone new investments.

List three positive benefits and three possible negative results of using credit.

Answers

Positives:

Credit card rewards.

Fraud protection.

Travel benefits

Negatives:

Interest charges.

Late fees.

Potential for credit damage.

Hospitality is a business strategy.
True or false

Answers

Answer:true

Explanation:

Because it is

What are some examples of share investments?​

Answers

Answer:

Growth stocks: Shares of fast-growing, higher-risk companies.

Tech stocks: Shares of technology companies.

Small-cap, mid-cap and large-cap stocks: Stocks from small, mid-size and large companies.

Explanation:

Answer:

when you buy and sell stocks...

Explanation:

What does it mean to have liability?

Answers

If you say that someone or something is a liability, you mean that they cause a lot of problems or embarrassment.

Given the information for Whelan, Inc., in Problems 10 and 11, suppose you also know that the firm’s net capital spending for 2019 was $745,000 and that the firm reduced its net working capital investment by $94,300. What was the firm’s 2019 operating cash flow, or OCF? Ross, Stephen. Essentials of Corporate Finance (p. 44). McGraw-Hill Higher Education. Kindle Edition.

Answers

Answer:

$94,300

Explanation:

Note: Problem 10 and 11 is attached as picture

Information that falls under the 3 Cash flows is indicated below as this question is concerned

Operating Cash Flow - Reduction in Net Working Cash Flow.  

Investing Cash Flow - Capital Spend comes

Financing Cash Flow-  Interest payment, Capital surplus, Dividend payment and Debt.

The question requires the calculation of The firm's 2019 Operating cash flow.  Reduction in net cash flow increases the Operating cash flow for the company. Thus, the Operating Cash Flows = $94,300

How is being good at communicating and collaborating and problem-solving important to having an entrepreneurial mindset

Answers

Answer:

Communicating and collaborating is the ability to clearly express ideas to an intended audience, including persuading others to work towards a common goal. Critical thinking is the key to a successful business, and being willing to find creative solutions even if it might mean more work will help your business greatly in the long run. In order to be creative and promote your business you have to know how to put yourself out there, and be social

A business owner who takes risk describes which of the following?
a. Entrepreneur
b. Status quo
C.Inventor
d. Entrepreneurship

Answers

Answer:

A. sorry if thats wrong!

It’s definitely A. Entrepreneur

In which countries do people prefer discussing business during meals?​

Answers

Hehs donee estable menudo

It’s important to use an appropriate e-mail address as a professional contact.


True

False

Answers

Answer:

True

Explanation:

Which economic indicators most strongly suggest that an economy is
experiencing the expansion phase of the business cycle?
A. Unemployment rates are rising while GDP is falling.
O B. Unemployment rates are declining while GDP is rising.
O C. Both GDP and unemployment rates are rising.
D. Both GDP and unemployment rates are falling.

Answers

Answer:

A. Unemployment rates are rising while gdp is falling

Explanation:

Unemployment rates are rising while GDP is falling is the economic indicators most strongly suggest that an economy is experiencing the expansion phase of the business cycle. Hence, option A is correct.

What is Unemployment rates?

Unemployment rates is the number of people who are unemployed in comparison of the total employment in the workforce. Unemployment rates directly affects the economic growth of the country.

If the Unemployment rates are more in  the country than it is considered the poor economy of the country.

Thus, option A is correct.

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(Economics)How is the equilibrium price found using a supply and demand graph

Answers

On a graph, the point where the supply curve (S) and the demand curve (D) intersect is the equilibrium. ... At any other price, the quantity demanded does not equal the quantity supplied, so the market is not in equilibrium at that price.

Answer:

It is found where the supply curve meets the demand curve

Explanation:

just took the test

2. Describe the relationship of profession and education. ​

Answers

In order to have a profession you need to get an education first. You will learn many things that will help you in your profession, no matter what it is. Even an internship is an education. If you start out working along side someone, that someone is giving you an education in how to do the job you want to do.

If you are planning a profession such as a doctor or lawyer, prepare yourself for a LOT of education. You need at least a basic education in order to prepare you for ANY profession. Add, subtract, multiply, divide, read, write and other things so you won’t get cheated out of pay at the least.

Without an education of some kind, you will not be able to do anything. Even if you are a king or queen that you inherited by birth, you still need to know how to decide things. Everything else can be done for you. But there are very few openings for kings and queens these days.

Charles Lackey can also improve the yield by purchasing a new blender. The new blender will mean an increase in his investment. This new blender will mean an increase in his costs of ​$125 per​ month, but he will achieve the same new output​ (an increase to 2 comma 325.00​) as the change in labor hours. ​a) Current productivity for 640 work hours​ = nothing ​loaves/dollar ​(round your response to three decimal​ places).

Answers

This question is not complete

Complete Question

Charles Lackey operates a bakery in Idaho Falls, Idaho. Because of its excellent product and excellent location, demand has increased by 25% in the last year. On far too many occasions, customers have not been able to purchase the bread of their choice. Because of the size of the store, no new ovens can be added. At a staff meeting, one employee suggested ways to load the ovens differently so that more loaves of bread can be baked at one time. This new process will require that the ovens be loaded by hand, requiring additional manpower. This is the only thing to be changed. The bakery currently makes 1,800 loaves per month. The pay will be $8 per hour for employees and each employee works 160 hours per month.

Charles Lackey can also improve the yield by purchasing a new blender. The new blender will mean an increase in his investment. This new blender will mean an increase in his costs of ​$125 per​ month, but he will achieve the same new output​ (an increase to 2 comma 325.00​) as the change in labor hours.

​a) Current productivity for 640 work hours​ = nothing ​loaves/dollar ​(round your response to three decimal​ places).

Answer:

0.352 loaves/dollar

Explanation:

The formula for productivity is given as:

Output/Wages

Wages is calculated as = Cost per Employee × Number of hours Employees work per month

From the question, we are told that:

The pay will be $8 per hour for employees and each employee works 160 hours per month.

Wages = $(640 × 8)

= $5120

Output = 1,800 loaves per month.

Hence, Productivity = 1800 loaves /$5120

= 0.3515625

Approximately to 3 decimal places = 0.352 loaves per dollar

Listeners offer prompts to their speaker by _____.

Answers

Answer:

In any duel between a speaker and listener, it's always easy to fault the other person and it will begin with you. You can set the proper tone. Remember to take notes if you can.

Explanation:

Listen to what I'm saying and you will be good at it.

Answer:

Asking, “What happened then?”

Explanation:

What is the W-4 form used for?
filing taxes with the federal government
determining the amount of money an employee has paid out in taxes
calculating how much tax should be withheld from a person's paycheck
calculating how much income was paid in the previous year

Answers

Answer:

C. calculating how much tax should be withheld from a person's paycheck

Explanation:

In order to ensure that, all employees pay taxes on the income earned throughout the year, the internal revenue service (IRS) has made it compulsory and mandatory for all employers to make available a W-4 Form to all their employees, so as to enable these employees fill out how much income tax is to be withheld from their respective paycheck in relation to their filing status.

Hence, a W-4 form is used for calculating how much tax should be withheld from a person's paycheck and submitted to the internal revenue service (IRS).

Additionally, any employee who defaults in the payment of his or her income tax would be faced with stiff penalties such as failure-to-file, paying a fine etc.

Answer:

its c

Explanation:

just took the unit test on edge

Which of the following are signs of a person being in credit distress?
A. Writing a check to make debt repayment
B. Making all debt repayments in full
C. Only making minimum payments on credit cards each month
D. Paying-off an automobile loan 12 months early

Answers

Answer:

C. Only making minimum payments on credit cards each month

Explanation:

Credit distress is a financial status where an individual or a firm cannot meet its obligations in time. The business or the individual cannot generate sufficient resources to pay their debts as they become due. To a business, high fixed costs, economic downturns, and illiquid assets cause credit distress.

Poor budgeting, unnecessary debt load, poor financial decisions lead to credit distress among individuals. Other signs of credit distress include living or over-relying on overdrafts, problem paying bills on time, and getting reminder collection calls and past-due notices.

What type of advertising is the slogan "Friends Don't Let Friends Drive Drunk"?
А.
product advertising
B.
corporate advertising
C.
retail advertising
D.
ublic service advertising

Answers

D. Public service announcement

Who are the best candidates for members of the BPA? Check all that apply.

Allan wants to provide education for young people.
Brenna wants to have a career in computer-related work.
Philomena wants to have a career in agriculture.
Cody wants to manage a company’s office.

Answers

Answer: Brenna wants to have a career in computer-related work.

Cody wants to manage a company’s office

Explanation: just did it.

Answer:

B- brenna

D- Cody

Explanation:

Just did the quiz

You go to a local car lot and buy a used car as is. After you have driven only a few miles, the check-engine light flashes urgently. You pull in to your mechanic's shop. The mechanic notices that, among other problems, the car has the brake pads of one that has been driven for 50,000 miles. The odometer, however, reads 10,000 miles. You immediately go back to the dealer to return the car and get your money back. The dealer refuses. What should you do? Choose four correct answers. flag the dealer's account ask the mechanic to document their findings get a vehicle-history report online to look for evidence of odometer tampering write a letter or email to the dealer, with copies of relevant documents stand outside the dealership with a poster that says, "This dealer is a liar!" report the incident to the Better Business Bureau and your state attorney general

Answers

Answer:

ask the mechanic to document their findings

get a vehicle-history report online to look for evidence of odometer tampering

write a letter or email to the dealer, with copies of relevant documents

report the incident to the Better Business Bureau and your state attorney general

Explanation:

First of all, tampering the odometer is a federal crime. The first thing you need to do is gather evidence and go to the police. You can do this by asking your mechanic to document any alteration and looking for other evidence online also helps. E.g. if you buy a car that is 10 years old and the odometer records only 10,000 miles, you should be suspicious (plain common sense).

I doubt that writing an email works, but you could be lucky and get a favorable response from the dealer. Or more importantly, it can be used as evidence that the dealer was aware of the fraud and didn't do anything to correct it.

Reporting this incident to the Better Business Bureau can help prevent that other people are tricked by the dealer, but as soon as you have evidence of what happened you should report the crime.

Answer:

b,c,d,f

Explanation:

Which of these is not a role of the Government?
A
Protector
B
Producer
C
Consumer
D
Provider

Answers

Answer:

A consumer because the citizens would be considered consumers not the government i think

Answer:

A consumer

Hope this helps!

Can you explain how you can use financial literacy skills to plan for your future?

Answers

Answer:

I am not sure, sorry.

Explanation:

Maybe you can use google.

FarCry Industries, a maker of telecommunications equipment, has 2 million shares of common stock outstanding, 1 million shares of preferred stock outstanding, and 10,000 bonds. Suppose the common shares are selling for $27 per share, the preferred shares are selling for $14.50 per share, and the bonds are selling for 98 percent of par.

What would be the weight used for equity in the computation of FarCry?

Answers

Answer:

18.52%

Explanation:

Calculation for the what would be the equity weight

Using this formula

Equity weight =E÷E+P+D

Let plug in the formula

Equity weight=$2,000,000×$27÷$2,000,000×$27+$1,000,000×$14.50+$10,000×.98×$1,000

Equity weight=$14,500,000÷$78,300,000

Equity weight=.1852×100

Equity weight=18.52%

Therefore what would be the equity weight is 18.52%

An organization that actively goes after its competitors' loyal customers is following which strategy to keep up revenue in the maturity stage? (needed asap!!)


a) marketing mix modification

b) market modification

c) product modification

d) brand extension

Answers

Answer:

a) marketing mix modification

Explanation:

Marketing mix modification is a set of changes that the company can make to their marketing strategy. This modification is intended to attract a new consumer base that can't be obtained with their existing marketing strategy.

in order for a marketing mix modification to be successful, the company need to find out the reasons why some of the consumers choose the competitor's product over theirs in the first place.

After knowing this, they need to make some adjustment to their products to attract the attention from this consumers' base and give a strong reason on why the consumers need to use their product over the competitor's product.

Answer:

the answer is b, market modification.  

Explanation:

Just did the test. Got it right. b

Which student organization helps students with career development by having them become interns to sponsor conferences
A. BPA
B. HOSA
C. FCCLA
D. Skills USA

Answers

Answer:

BPA

Explanation:

I just took the test and that is the answer.

BPA is the student organization helps students with career development by having them become interns to sponsor conference. Hence, option A is correct.

What is meant by BPA in student organization?

BPA Worldwide, a company established in the US, provides unbiased, impartial analyses of audience claims made by business-to-business and consumer media and events.

To aid in the development of cross-cultural professionals, Business Professionals of America's purpose is to advance leadership, civic involvement, academic excellence, and technological competence.

The four points of the BPA shield represent poise, ambition, leadership, and sociability. The shield itself stands for respect, honour, and the importance of trade to America. Citizenship, competence, dependability, devotion, and education are represented by the stripes.

Thus, option A is correct.

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