Business, 07.03.2020 05:20 mendezj67

Home Accessories’ bank statement showed a $120 NSF check. Which of the following shows how recognizing this check will affect Home Accessories’ financial statements? Balance sheetIncome StatementStatement ofCash Flows Assets= Cash+Acc. Rec=Liab.+EquityRev.−Exp.=Net Inc. A.(120)+120=NA+NANA-NA=NA(120) OAB.(120)+NA=NA+(120)NA-120=(120)(1 20) OAC. NA+120=NA+120120-NA=120NAD.(120)+12 0=NA+NANA-NA=NA(120) IA

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 20:30

Which of the following best describes a fractional reserve banking system? a. a banking system in which a large portion of the bank's assets are digital money rather than bills and coins. b. a banking system in which banks keep a portion of deposits on hand to satisfy their customer's demands for withdrawals. c. a banking system in which banks have only partial control over the interest rates they charge on loans. d. a banking system in which net worth is calculated by subtracting a fraction of liabilities from assets. 2b2t

Answers: 3

Answer

Business, 22.06.2019 05:30

Eliza works for a consumer agency educating young people about advertisements. instead of teaching students to carefully read advertisement claims, she encourages them to develop a strong sense of self and to keep their life goals and dreams separate from commercial products. why might eliza's advice make sense?

Answers: 2

Answer

Business, 22.06.2019 13:40

Salge inc. bases its manufacturing overhead budget on budgeted direct labor-hours. the variable overhead rate is $8.10 per direct labor-hour. the company's budgeted fixed manufacturing overhead is $74,730 per month, which includes depreciation of $20,670. all other fixed manufacturing overhead costs represent current cash flows. the direct labor budget indicates that 5,300 direct labor-hours will be required in september. the company recomputes its predetermined overhead rate every month. the predetermined overhead rate for september should be:

Answers: 3

Answer

Business, 23.06.2019 01:40

6. why the aggregate supply curve slopes upward in the short run in the short run, the quantity of output that firms supply can deviate from the natural level of output if the actual price level in the economy deviates from the expected price level. several theories explain how this might happen. for example, the misperceptions theory asserts that changes in the price level can temporarily mislead firms about what is happening to their output prices. consider a soybean farmer who expects a price level of 100 in the coming year. if the actual price level turns out to be 90, soybean prices will , and if the farmer mistakenly assumes that the price of soybeans declined relative to other prices of goods and services, she will respond by the quantity of soybeans supplied. if other producers in this economy mistake changes in the price level for changes in their relative prices, the unexpected decrease in the price level causes the quantity of output supplied to the natural level of output in the short run.

Answers: 3

Answer

You know the right answer?

Home Accessories’ bank statement showed a $120 NSF check. Which of the following shows how recognizi...

Questions