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PolarNik [594]
2 years ago
8

Cheryl was balancing the Trial Balance of the company. She found that the debit balance totaled $73,000 and the credit balance w

as $70,000. Cheryl decided to open a suspense account. On which side of the suspense account will Cheryl record the difference of $3,000?
credit side
debit side
both sides
the difference is not recorded in the suspense account
Business
2 answers:
Arturiano [62]2 years ago
6 0

Answer:

B.  

debit side

Explanation:

klio [65]2 years ago
4 0
I think it is both sides

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Chester currently has $14,000,000 in cash and management has decided to issue stocks and bonds worth an additional $8,000,000. T
slava [35]

Answer:

Retiring the oldest bond

Explanation:

Firms issue bonds to raise the funds. Firm has to pay dividend on those bonds and the ability of firm to pay dividend reflect the financial position of the firm. Thus, retiring the oldest bond in exposes company to the most risk of being issued an emergency loan

6 0
2 years ago
If we assigned three people to work with you on a complex project containing 75 tasks that you were responsible for, how would y
Anni [7]
First of all, I will try to get to know people who were assigned to me. as I will have 75 tasks and equality is very important to me, I will give each person 25 task. if they will have some problems with given task I will try to help them or change their tasks so they can be more comfortable with their work. As a leader, i will do work as well, if my team will have some problems i will listen to them and solve those problems together. 
3 0
2 years ago
PB2.
olga55 [171]

Answer:

The contribution margin per unit for the 18-inch blade.

Break even in units = Fixed cost/Contribution per unit

                                = 85,000/11 (15-4)

                                = 7,728 unit (round off)

The contribution margin ratio of the 18-inch blade.

Total contribution margin (CM) is calculated by subtracting total variable costs TVC from total sales TSP. Contribution margin per unit equals sales price per unit SP minus variable costs per unit VC . It is used in calculating a break even point of a business. Contribution margin ratio tells us how much contribution towards fixed cost is generate by selling a unit.

CM ratio = $ 11/ $ 15 *100= 73.33%

(Variable cost = 15 -4 = 11 )

Contribution margin income statement for the month of January.

Sales                              $ 180,000

Variable cost                 ($ 48,000)

Gross profit                    $ 132,000

Fixed Cost                      ($ 85,000)

Net Profit                         $ 47,000

        

5 0
2 years ago
Oriole Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cos
Fynjy0 [20]

Answer:

$1.2 per mile

Explanation:

Computation of the variable cost per mile using the high-low method

Using this formula

Variable cost per mile = (Highest activity cost - Lowest activity cost)/(Highest activity - Lowest activity)

Let plug in the

Variable cost per mile= (14,721 - 13,503)/(8,510 - 7,495)

Variable cost per mile= 1,218/1,015

Variable cost per mile=$1.2 per mile

Therefore the Variable cost per mile will be $1.2 per mile.

6 0
2 years ago
On December 31, 2018, AAA disposed an Equipment (Cost: $50,000, Salvage Value: $10,000, useful life: 4 years), which was purchas
levacccp [35]

Answer:

A Loss of $10,000

Explanation:

To calculate the depreciation using the straight line method.

Depreciation = Cost - Salvage value/ no. of years

   

       $50,000   -   $10,000/ 4 = $10,000

Annual depreciation now is:    $10,000

Net book Value (NBV) for the year of disposal i.e 2018 will be:

Cost - Accumulated Depreciation = NBV

$50,000 - $30,000 = $20,000

NBV is $20,000

but was sold for $10,000 which is a loss of $10,000

3 0
2 years ago
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