what happens to a business's accounts when an owner withdraws cash for personal use?
The cash account is debited, and sales is credited
the cash account is credited, and drawing is debited
the cash account is credited and capital is debited
the cash account is debited, and capital is credited
Answers
Answer:
the cash account is credited, and drawing is debited
Explanation:
If a business owner withdraws some money from the firm, the cash available for a business will decrease. The cash account is credited (reduced ) by the amount withdrawn.
The drawing account is the contra entry account used to reduce the value of the owner's equity in the balance sheet. An increase in the drawing account implies more capital will be deducted from the balance sheet. A reduction in the cash account corresponds will an increase in the drawings account. The drawing account will be debited (increased) with the cash amount withdrawn.
Related Questions
Which of the following statements concerning buy-sell agreements is true?A.) Benefits received are considered income taxable.B.) Buy-sell agreements pay in the event of a medical emergencyC.) Buy-sell agreements are normally funded with a life insurance policyD.) Premiums paid are deductible as a business expense
Answers
Statement D is correct. Premiums paid for a life insurance policy to fund a buy-sell agreement are deductible as a business expense.
A buy-sell agreement is a contract between co-owners of a business that outlines what will happen if one of the owners dies, becomes disabled, or otherwise wants to leave the business. The agreement typically provides for the purchase of the departing owner's share of the business by the remaining owners or by the company itself. With regards to taxes, the premiums paid for a life insurance policy to fund a buy-sell agreement are generally deductible as a business expense. Benefits received from a buy-sell agreement upon the death or disability of an owner are generally considered income taxable to the recipient. It's important to note that the tax treatment of buy-sell agreements can vary depending on the specific details of the agreement and the jurisdiction in which the business operates. In conclusion, statement D is correct. Premiums paid for a life insurance policy to fund a buy-sell agreement are deductible as a business expense. he purpose of a buy-sell agreement is to provide a framework for the orderly transfer of ownership in the event of a triggering event, such as the death, disability, or retirement of a partner or shareholder. The agreement helps to ensure that the business can continue to operate smoothly and protects the interests of all parties involved.
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Question 40 of 40
Product differentiation occurs most frequently in what part of the product life
cycle?
A. Introduction
B. Growth
C. Decline
D. Maturity
Answers
Product differentiation occurs most frequently in the D. maturity part of the product life cycle.
Maturity isn't a matter of age, but rather, of how you choose to respond and reply to colorful life situations. It's basically a position of internal development or wisdom that has a bearing on all areas of an existent's life, right from their conduct to their relationship with others. A mature person will take responsibility for his own conduct rather than condemn others. He'll take a far-sighted view of effects and act in a considered, rather than a robotic manner. Mature people are suitable to accept themselves for who they are; they exercise kindness indeed in the face of their failings. You can seek to ameliorate yourself and grow as an individual, but maturity allows you to take your present situation and all the once events that have led to it and make peace with them.
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1. Workplaces that grow plants, such as farms, nurseries, greenhouses,
gardens, and parks are part of
Plant Systems
Animal Systems
Food Products & Processing Systems
Environmental Service Systems
Answers
Answer:
Plant Systems
Explanation:
The plant system entails the science of how plants grow. It is the study of the different types of plants and how they impact our world. Gardens, farms, nurseries, greenhouses, and parks also form part of the plant's system.
Plant Systems specialists help feed the nation by monitoring our plant food quality and safety. They provide information that aids consumers in making sensible nutritional decisions.
A firm in a purely competitive industry has a typical cost structure. The normal rate of profit in the economy is 5 percent. This firm is earning $15 on every $150 invested by its founders. Instructions: Enter your answers as whole numbers. a. What is its percentage rate of return? b. Is the firm earning an economic profit? If so, how large? c. Will this industry see entry or exit? d. What will be the rate of return earned by firms in this industry once the industry reaches long-run equilibrium?
Answers
Answer and Explanation:
The computation is shown below:
a. The rate of return in percentage is
= return ÷ investment
= $15 ÷ $150
= 10%
b. The economic profit is
= rate of return - normal profit rate
= 10% - 5%
= 5%
c. As the economic profit is more than 0 so it should be the entry
d. The rate of return in the long-run equilibrium to the 5% as the rate of return should be equivalent to the normal rate of profit
Nemesis, Inc., has 230,000 shares of stock outstanding. Each share is worth $84, so the company’s market value of equity is $19,320,000. Suppose the firm issues 54,000 new shares at the following prices: $84, $78, and $72.
What will be the ex-rights price and the effect of each of these alternative offering prices on the existing price per share? (Leave no cells blank; if there is no effect select "No change" from the dropdown and enter "0". Round your answers to 2 decimal places, e.g., 32.16.)
Answers
The ex-rights price can be calculated by dividing the market value of equity before the offering by the total number of shares after the offering. In this case, the market value of equity before the offering is $19,320,000 and the total number of shares after the offering is 230,000 + 54,000 = 284,000.
Ex-rights price = Market value of equity before offering / Total number of shares after offering
Ex-rights price = $19,320,000 / 284,000
Ex-rights price ≈ $68.13
To determine the effect of each offering price on the existing price per share, we need to compare the ex-rights price to the offering prices.
1. If the offering price is $84, which is higher than the ex-rights price of $68.13, there will be a dilution effect. The existing price per share will decrease.
2. If the offering price is $78, which is lower than the ex-rights price of $68.13, there will be an accretion effect. The existing price per share will increase.
3. If the offering price is $72, which is lower than the ex-rights price of $68.13, there will also be an accretion effect. The existing price per share will increase.
In summary:
- Offering price $84: Dilution effect, existing price per share will decrease.
- Offering price $78: Accretion effect, existing price per share will increase.
- Offering price $72: Accretion effect, existing price per share will increase.
It's important to note that these effects assume all new shares are sold and there are no other factors impacting the stock price. Additionally, market dynamics and investor sentiment can also influence the actual impact on the existing price per share.
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what is business ? please tell us
Answers
Answer:
Noun, a person's regular occupation, profession, or trade.
Explanation:
A project has an initial cost of $80,000 and a 3-year life. The company uses straight-line depreciation to a book value of zero over the life of the project. The projected net income from the project is $1,200, $2,300, and $2,800 a year for the next 3 years, respectively. What is the average accounting return? 5.25 percent 5.35 percent 5.45 percent 5.56 percent
Answers
Answer:
5.25%
Explanation:
The computation of the average accounting return is shown below:
Average accounting return is
= Average net income ÷ average initial cost
where,
Average net income is
= ($1,200 + $2,300 + $2,800) ÷ 3 years
= $2,100
And, the average initial cost is
= $80,000 ÷ 2
= $40,000
So , the average accounting return is
= $2,100 ÷ $40,000
= 5.25%
Hence, the average accounting return is 5.25%
Certain brand names, such as Jacuzzi and Crock-Pot, fear they could become __________, because they are so commonly identified with a specific product category that consumers use these names to refer to any product in that category regardless of the manufacturer.
Answers
The brand names which includes Jacuzzi feared they could become generic names because they are so commonly identified with a specific product category.
Generic names refers to the brand name of a product or goods.
Here, Jacuzzi and Crock-Pot are brand name but people assumed the name are the name for the general product in question.
Therefore, the brand of Jacuzzi and Crock-Pot feared that their brand name could become generic names because they are so commonly identified with a specific product category.
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Answer:
generic names
Explanation:
mainstreet has committed to building a 50-story mixed-use apartment building. mainstreet has never built a building over five stories. understanding the value of a project management professional, the owner of mainstreet, jordan amari, hired an experienced mixed-use residential high-rise project manager. jordan gave this project manager full authority to make decisions on behalf of ownership, including budget authority and authority to negotiate, hire, and fire contractors. if you are the project manager hired by jordan, which of the below statements would best describe your position?
Answers
The statement that described our position is Projectized organizational structure. It is because the details job or the specific job that given to us is to to make decisions on behalf of ownership.
Projectized organizational structure.generally can be defined as an organizational structure in which the project manager has full authority to assign priorities. In the Projectized organizational structure, the manager has an authority to apply resources, and direct the work of persons assigned to the project.
Based on the story above, ,the specific jobs that given is including budget authority and authority to negotiate, hire, and fire contractors. So we have an authority to organize structural project.
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roses are more expensive on valentine's day than at other times of the year, yet sales of roses are highest on that day. how does economic theory account for this?
Answers
The economic theory accounts for this An increase in demand pushes up the market-clearing price of roses.
An account is a particular document within an organization's financial ledger or stability sheet. Accountants, finance specialists, and bookkeepers can use debts to document vital monetary statistics, like reporting daily transactions to affirm the exact amount of money an enterprise has at any moment.
In accounting, an account is a document inside the well-known ledger this is used to type and keep transactions. for example, companies may have an account of a coin wherein to file each transaction that will increase or decreases the company's coins. fundamental accounting principles used inside the commercial enterprise global cowl sales, charges, assets, and liabilities. those elements are tracked and recorded in files which include stability sheets, earnings statements, and cash float statements.
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Round Tree Manor is a hotel that provides two types of rooms with three rental classes: Super Saver, Deluxe, and Business. The profit per night for each type of room and rental class is as follows:
Rental Class
Super Saver Deluxe Business
Room Type I $30 $35 -
Type II $20 $30 $40
Type I rooms do not have high-speed wireless Internet access and are not available for the Business rental class. Round Tree's management makes a forecast of the demand by rental class for each night in the future. A linear programming model developed to maximize profit is used to determine how many reservations to accept for each rental class. The demand forecast for a particular night is 130 rentals in the Super Saver class, 60 in the Deluxe class, and 50 in the Business class. Round Tree has 100 Type I rooms and 120 Type II rooms.
(a) Formulate and solve a linear program to determine how many reservations to accept in each rental class and how the reservations should be allocated to room types.
Rental Class with room type No of Reservations
Super Saver rentals allocated to room type I Super Saver rentals allocated to room type II Deluxe rentals allocated to room type I Deluxe rentals allocated to room type II Business rentals allocated to room type II (b) For the solution in part (a), how many reservations can be accommodated in each rental class?
Rental Class No of Reservations
Super Saver I Deluxe Business Demand for - Select your answer -DeluxeSuper SaverBusinessItem 9 rental class was not satisfied.
(c) With a little work, an unused office area could be converted to a rental room. If the conversion cost is the same for both types of rooms, would you recommend converting the office to a Type I or a Type II room?
Type I Type II
Shadow Price $ $
Convert an unused office area to - Select your answer -Type IType IIItem 12 room.
Explain.
The input in the box below will not be graded, but may be reviewed and considered by your instructor.
(d) Could the linear programming model be modified to plan for the allocation of rental demand for the next night?
- Select your answer -YesNoItem 14
What information would be needed and how would the model change? Explain.
Answers
(a) The linear programming model can be formulated as follows:
Let:
x1 = Number of Super Saver rentals allocated to room type I
x2 = Number of Super Saver rentals allocated to room type II
x3 = Number of Deluxe rentals allocated to room type I
x4 = Number of Deluxe rentals allocated to room type II
x5 = Number of Business rentals allocated to room type II
Objective function: Maximize profit
Profit = 30x1 + 20x2 + 35x3 + 30x4 + 40x5
Subject to:
x1 + x2 ≤ 130 (Demand for Super Saver)
x3 + x4 ≤ 60 (Demand for Deluxe)
x4 + x5 ≤ 50 (Demand for Business)
x1 + x3 ≤ 100 (Number of Type I rooms)
x2 + x4 + x5 ≤ 120 (Number of Type II rooms)
x1, x2, x3, x4, x5 ≥ 0 (Non-negativity constraint)
Using this model, you can solve for the values of x1, x2, x3, x4, x5 that maximize the profit.
(b) The number of reservations that can be accommodated in each rental class would be the values obtained from the solution in part (a):
Super Saver:
No of Reservations = x1 + x2
Deluxe:
No of Reservations = x3 + x4
Business:
No of Reservations = x5
The demand for Deluxe rentals was not satisfied if the value of (x3 + x4) is less than 60.
(c) To determine whether to convert the office to a Type I or Type II room, we need to compare the shadow prices (also known as dual values) associated with the constraint on the number of Type I rooms and the constraint on the number of Type II rooms.
If the shadow price for the constraint on the number of Type I rooms is higher, it would be more profitable to convert the office to a Type I room. If the shadow price for the constraint on the number of Type II rooms is higher, it would be more profitable to convert the office to a Type II room.
The shadow price values obtained from solving the linear program will determine the recommendation.
(d) Yes, the linear programming model can be modified to plan for the allocation of rental demand for the next night. The model would need to incorporate the new demand forecast for the next night, considering the availability of rooms and the profit per night for each rental class and room type. The objective function and constraints would need to be adjusted accordingly to optimize the profit for the next night's rental allocations. The decision variables would represent the number of reservations to accept for each rental class and room type for the next night.
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what makes recession and recover different?
Answers
The thing that makes recession and recover different is that Economic recovery serves as the business cycle stage which do follow recession .
What is recession and recovery?Recession and recovery can be described as the economuic terms that is been used by the ecconomist whereby the recession can be seen as the period of economic meltdown where there is usually a high inflation of goods as well as services.
It should be noted that the recovery period do follow the reccession which can be described as the sustained period of improving business activity that can happen in a country.
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Police are investigating the site of a convenience store robbery. The glass door was
broken, and it looks as if several packages of cigarettes are missing from behind the
counter. One police officer notices a man walking past the store and gets an odd
feeling about him. He stops the man and insists on searching his pockets. Inside the
man's pockets, police find several packs of cigarettes. They arrest the man and
charge him with the crime. Unfortunately, the judge throws out the charges. What is
MOST likely the judge's reason for dismissal?
A-The man is under 18 years old.
B-The man did not have money to post bail.
C-The policeman did not have probable cause to search the man.
D-The policeman did not have enough evidence that the man was the robber.
Answers
The MOST likely judge's reason for dismissal is the policeman did not have enough evidence that the man was the robber. Thus the correct option is D.
What is Robbery?Theft or robbery is defined as the stealing of someone else's property without their permission and using force or a threat of force that exhibits fear in them to perform any action against them.
To prove a crime against someone requires one to submit enough evidence which helps to establish the claim as the justice system is based on evidence not on arguments.
In the given case, police found the activity of the men suspicious as they found cigarette packets from him. There is no evidence that he has stolen the cigarette packets might be possible he has purchased them.
So due to a lack of evidence against the person the Judge dismissal the case. Therefore, option D is appropriate.
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Have a great day everybody
Answers
Answer:
Thanks. Have a great day!
Explanation:
You deserve to.
Answer:
i will thank you and you too :)
Explanation:
ceteris paribus, according to the law of supply, if the price of lawn mowing services decreases from $50 per lawn to $45 per lawn, then the
Answers
The quantity given will drop if the price of lawn mowing services falls from $50 per lawn to $45 per lawn, according to the law of supply.
According to the law of supply, the price of a good or service and the quantity of that good or service that suppliers are willing and able to offer for sale have a direct relationship.
Similarly, as the price of lawn mowing services falls from $50 to $45 per lawn, the profitability of providing these services falls, and some lawn mowing service providers may choose to restrict the number of services supplied or exit the market entirely. As a result, if all other conditions remain constant, the number of lawn mowing services given would fall in response to the decreased price.
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What effect do consumer-protection regulations have on the circular flow of the free-market system?
A. They divert resources to government planners, which cuts down on economic activity
B. They inspire consumer confidence, which leads to increased purchases from producers
C. They increase costs for producers, which slows the flow of investment
D. They lead to increased prices and higher taxes, which reduces the flow to almost nothing
Edit: It's B
Answers
I believe the correct answer is that they inspire consumer confidence which leads to increased purchases from producers.
You expect to live for 30 years after retiring. If your retirement account earns 3.5% and you want it to provide your annual living expenses of $100,000, how much will you have to have in that account when you retire? (Round your answer to the nearest dollar)
Answers
The amount that should be in the retirement account when you retire is $1,839,204.54.
What should be in the retirement account?In order to determine the amount of money that you are to have in your retirement account when you retire, the present value of the 30-year annuity has to be determined. Present value is the sum of discounted cash flows.
The formula that can be used to determine present value is:
P = PMT * [1 – [ (1 / 1+r)^n] / r]
Where:
P = Present valuePMT = value of each payment = 100,000 r = Discount or interest rate = 3.5% n = number of years = 30$100,000 x [1 - (1 / 1.035)^30] / 0.035] = $1,839,204.54
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Which country was a favorite target for FDI inflows during the 1980s and 1990s?a. Argentinab. United Statesc. Japand. China
Answers
Option (d), China. China was a favorite target for FDI inflows during the 1980s and 1990s due to its growing economy, large population, and favorable investment policies.
China's economic liberalization policies in the 1980s and 1990s, including the establishment of Special Economic Zones and the opening up of its market, attracted significant foreign investment. Multinational corporations saw the opportunity to tap into China's vast consumer market and low-cost labor force, leading to a surge in FDI inflows during this period.
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True or false? the only thing marketing cannot sell is a viewpoint or idea?
Answers
Answer:
False 2. Marketing, in the literal sense, means selling or advertising.
Explanation:
It holds completely false as a statement that the only thing marketing cannot sell is a viewpoint or idea. Therefore, the given statement is FALSE.
What is the significance of marketing?Marketing is referred to or considered as such a process in which the person involved in marketing advertises the products, which can be literally anything, in order to make monetary returns. A marketing strategy is significantly used by a salesman to drive the sales of the product.
Marketing of an idea refers to a condition wherein an idea of making, manufacturing, providing or producing goods or services is being done in exchange for money. A marketing of an idea is often a one time transaction, but the returns may multi-folded.
Therefore, the statement regarding the marketing of an idea or a viewpoint as aforementioned is completely false.
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(Please answer fast :( ...)
In order to become a corporation, what must a business have?
A) a corporate charter.
B) stock certificates.
C) over 500 employees.
Answers
Answer:
A options is correct
Explanation:
hope it's useful to you
Scott Drilling Contractors recently issued a corporate bond on which it expects to pay interest for the next twenty years. Scott would record this as a __________ on its balance sheet.
Answers
Answer: Long-term Liability
Explanation:
Long-term liabilities are those debt obligations that a company has which it will only pay off in a period more than a year.
As the corporate bond that Scott Drilling Contractors issued is one that will see them making payments for 20 years, that Corporate Bond which is a debt obligation qualifies as a long-term liability and thus will be recorded as such.
Talk about an experience outside of academia where you had to assess and make a decision that came with risk.
Answers
Starting my own business required assessing risks such as financial investments, market competition, and sustainability, ultimately leading to the decision of pursuing entrepreneurship.
One significant experience outside of academia where I had to assess and make a decision that came with risk was when I decided to start my own business. As an entrepreneur, I had to evaluate various risks associated with the venture. One of the key considerations was the financial investment required to set up the business, including upfront costs, operational expenses, and potential cash flow challenges. I also had to assess the market competition and identify strategies to differentiate my business and attract customers. Moreover, I needed to evaluate the sustainability of the business idea, analyzing market trends, potential risks, and long-term viability. Despite the inherent uncertainties and risks involved, I made the decision to pursue entrepreneurship, taking calculated risks and leveraging my skills, passion, and market insights to navigate the challenges and seize the opportunities. This experience taught me the importance of risk assessment, strategic decision-making, and resilience in pursuing entrepreneurial endeavors.
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Recently, the cable television networks have bombarded viewers with a variety of shows based around teams that come in to redecorate homes and gardens in a very short time frame. Since these teams are typically made up of men and women of different ethnic backgrounds, age, and physical capabilities, the fact they work so well with each other to accomplish the redecorating goal is an example of ____.
a. discrimination heterogeneity
b. social integration
c. organizational plurality
d. acculturation
e. an integrative locus of control
Answers
Answer:
social integration. i hope this helps for you!
Explanation:
the supply curve for labor is upward-sloping to the right because as wages _____, the quantity of _____ rises.
Answers
The supply curve for labor is upward-sloping to the right because as wages increase, the quantity of labor supplied also rises.
The upward-sloping supply curve for labor reflects the positive relationship between wages and the quantity of labor supplied. As wages increase, individuals are incentivized to supply more labor due to the higher potential earnings and improved opportunities for income. This relationship is based on the assumption that individuals are rational and respond to changes in incentives.
When wages rise, individuals may choose to work longer hours, seek additional employment, or enter the labor force if they were previously unemployed or inactive. Higher wages can attract individuals to the labor market, leading to an increase in the quantity of labor supplied. This positive relationship between wages and labor supply is a fundamental principle in labor economics.
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if i get 16 brainlest ill give u guys 136 points
Answers
Answer:
you get brainlyist by answering questions. not making them
Answer:
ill give u brainlest tete
Explanation:
yellow corp. issues 10onds. not including any indirect effects on earnings, the issuance will immediately decrease yellow's:
Answers
Yellow Corp.'s issuance of 10 bonds will immediately decrease its:
A) Debt-to-equity ratio.
When Yellow Corp. issues bonds, it increases its debt level, resulting in a higher total debt. Since equity remains unchanged, the issuance of bonds reduces the proportion of equity relative to debt, leading to a decrease in the debt-to-equity ratio. The debt-to-equity ratio is a financial metric that indicates the proportion of a company's financing that comes from debt compared to equity. A higher debt-to-equity ratio suggests a higher level of financial leverage and indicates that a larger portion of the company's assets is financed through debt.
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While your hands are on home row, your left hand rests lightly on _____. z x c v j k l ; q w e r a s d f
Answers
it will rest lightly on the pinky finger on the right hand
Answer:
While your hands are on home row, your left hand rests lightly on A S D F AND The Space Bar
Explanation:
Please Mark as BRAINLIEST
Government actions taken to mange a country’s money supply are called ————-policy
Answers
Answer:
Government actions taken to mange a country’s money supply are called ——Monetary——-policy
Question
Government actions taken to mange a country’s money supply are called ————-policy
Answer
MonetaryExplanation
Monetary is a government actions that taken to manage a countries by supplying money.
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Question 7 of 10
Which of the following tells you what your gross and net income was for a
particular pay period?
A. W-4 form
B. Pay check
C. Tax return
D. Pay stub
Answers
Answer:
d. pay stub
Explanation:
Pay stub tells you what your gross and net income was for a particular pay period. The appropriate response is option D.
What is Pay stub?An employer's pay stub is a record that lists an employee's gross pay, deductions from that pay, and net compensation. Paychecks are produced together with pay stubs.
Employees get a pay stub along with their paycheck that contains information about their gross pay, deductions made from it, and final net pay. Pay stubs should include information on tax deductions, health insurance premiums, and retirement contributions.
Your company will provide you with a non-binding pay stub that details your gross pay, benefits received, and net pay. Lenders, prospective employers, and other organizations utilize it to comprehend your earnings.
The appropriate response is option D.
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REALTORS®: a. protect and promote the interests of their clients. b. treat all parties honestly. c. promote their interests over their clients' interests. d. A and B only.
Answers
Considering the available options, Realtors are known to have various functions, including options A and B only.
Functions of a RealtorGenerally, Realtors are known to perform many responsibilities, including the following:
Protect and promote the interests of their clients. Treat all parties honestly.Create a real estate contract.Rent, sell or buy properties for clients, etc.Hence, in this case, it is concluded that the correct answer is option D. "A and B only."
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