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valentinak56 [21]
2 years ago
5

In accordance with the debit and credit rules, which of the following is true? Debits increase both assets and common stock. Cre

dits increase both assets and liabilities. Credits increase assets. Debits increase assets.
Business
1 answer:
Ksivusya [100]2 years ago
8 0

Answer:

Debit increases both asset and common stocks. Debit increases asset.

Explanation:

Asset and stock both have a debit balance. Hence, when a new asset or stock is added, you debit the entries to indicate the new addition.

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Lintner Beverage Corp. reported the following information from their financial statements:
sveticcg [70]

Answer:

Consider the following calculations

Explanation:

EBIT - Interest + Dividend Income ( 1 - 0.7) = EBT

$ 14.000.000 - $ 1.750.000 + $ 1.000.000 * 0.3 = $ 12.550.000

Base taxes for $ 10000000 = $ 3400000

( $ 12550000 - $ 10000000 ) *0.35 = $ 892500

$ 3400000 + $ 892500 = $ 4292500 in total taxes due

6 0
2 years ago
Pablo Company has budgeted production for next year as follows: Quarter First Second Third Fourth Production in units 60,000 80,
KiRa [710]

Answer:

Budgeted purchases for second quarter is 165000 pounds

Explanation:

The per unit requirement of material A is 2 pounds.

We first need to calculate the closing inventory of Material A at the end of first quarter and at the end of second quarter.

<u />

<u>End of first quarter</u>

The closing inventory for First quarter should be enough to meet 25% production requirement for next quarter. 25% production requirement for second quarter is 40000 pounds.

Production requirement - Second quarter = 80000 * 2 = 160000

25% of 160000 = 40000 pounds

<u />

<u>End of second quarter</u>

The closing inventory for First quarter should be enough to meet 25% production requirement for next quarter. 25% production requirement for second quarter is 45000 pounds.

Production requirement - Second quarter = 90000 * 2 = 180000

25% of 180000 = 45000 pounds

Budgeted Purchase -Second quarter = Closing Inventory in pounds + production in pounds - Opening Inventory in pounds

Purchase requirement - First quarter = 45000 + 160000 - 40000 = 165000 pounds

5 0
2 years ago
Read 2 more answers
A supermarket uses a periodic review system to manage inventory of gallons of drinking water. Average demand is 152 gallons of w
dem82 [27]

Answer:

The target inventory position is T= 713.6 gallons.

Explanation:

Given:

Average demand =per day = D = 152 Gallons

Standard deviation of demand = σ = 33 Gallons per day

Lead time for delivery = L = 4 days

Z value for 94.5% service level = 1.6

The target inventory position  = (Average demand x Lead time) + Safety stock

= (D × L) + (Z× σ × \sqrt{L})

= (152 × 4) + (1.6 × 33 × \sqrt{4})

= (152 × 4) + (1.6 × 33 × 2)

= 608 + 105.6

= 713.6

4 0
2 years ago
An effective proposal should do all of the following except Group of answer choices showcase the writer's expertise and build cr
HACTEHA [7]

Answer:

The answer to this question is C. analyze findings, draw conclusions, and make recommendations intended to solve a problem.

Explanation:

A proposal is a plan or suggestion, especially a formal or written one, put forward for consideration by others. It is a write up that shows the intention of a writer and one seeks approval from others.

An effective proposal must showcase the writer's expertise and build credibility, get the reader's attention. analyze findings,  emphasize how the writer's methods and products will benefit the reader.

However a proposal is not a research work, therefore it should not include analysis of findings, drawing of conclusions and making recommendations intended to solve a problem.

Hence the right answer is C. analyze findings, draw conclusions, and make recommendations intended to solve a problem

3 0
2 years ago
Which factors have a major influence on supply's level in the organization:?
iragen [17]
Those factors are:
<span>1. the ratio of purchased material and services costs as a percentage of total costs or income. Whcich will determine how much variable cost will incurred
2. the nature of the products or services acquired.  Which determine the time table of the supply process
3. the extent to which supply and suppliers can provide competitive advantage. Which will determine the final pricing that come to the customers</span>
5 0
2 years ago
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