True or false: a contra-asset account, such as accumulated depreciation, will have a normal debit balance.

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Answer 1

This problem is false statement. as contra-asset account, such as accumulated depreciation, will have a normal debit balance

What is accumulated depreciation?

Any collection of activities and procedures utilized during the manufacture of any items constitutes a manufacturing system. Businesses have evolved a number of diverse systems and procedures over time, but they have grown in significance as a component of any production environment.

Therefore,

This problem is false statement.

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Related Questions

A corporation has 40,000 shares of $25 par value stock outstanding. If the corporation issues a 4-for-1 stock split, the number of shares outstanding after the split will be:

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Based on the information given the number of shares outstanding after the split will be: 160,000 shares.

Using this formula

Outstanding shares=Current shares  outstanding × Number of the split

Where:

Current shares  outstanding =40,000 shares

Number of the split =4

Let plug in the formula

Outstanding shares=40,000 shares×4

Outstanding shares=160,000 shares

Inconclusion the number of shares outstanding after the split will be: 160,000 shares.

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Alecia is selling her products on Amazon, using her own resources to fulfill orders. Which of the following best describes Alecia?
A seller leveraging Merchant Fulfilled Network
A vendor leveraging Amazon retail
A seller leveraging Fulfillment by Amazon
A vendor leveraging Fulfillment by Amazon

Answers

Alecia is a seller leveraging Merchant Fulfilled Network.

Alecia is a seller leveraging Merchant Fulfilled Network.

This means that she is using her own resources, such as inventory and shipping, to fulfill orders on Amazon.

While she is utilizing the Amazon platform to sell her products, she is not using Amazon's fulfillment services, such as Fulfillment by Amazon (FBA).

Therefore, she is not a vendor leveraging Amazon retail or FBA.

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to my brother jayjay

to my brother jayjay
to my brother jayjay

Answers

hahahahahhaha

that is very funny i am laughing so hard i am crying

Please help, thank you if you do :)

Answers

Answer:

Am I trying to find out C or just simplify ?

Explanation:

7c + 40 + -3c

4c + 40

Which type of market is the one in which a person buys stock in the fast-food company that makes their favorite breakfast sandwich?

Product market
Factor market
Financial market
Closed market

Answers

The type of market is the one in which a person buys stock in the fast-food company is Financial market. Thus 3rd option is correct.

What is Financial Market?

Any location or system that gives buyers and sellers the ability to trade financial assets, such as bonds, shares, the various international currencies, and derivatives, is referred to as a financial market.

The connection between people with capital to invest and those who need capital is facilitated by financial markets.

The kind of market where a consumer purchases shares of the fast-food chain that sells their preferred breakfast sandwich is referred as financial market.

Thus 3rd option is correct.

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Answer: Financial market

Explanation: stocks

Approximately what percentage of a reduction in errors did international air transport association have when thier employees working in cargo management obtaned instant access to clear and consistent working instructions for key tasks, such as accepting cargo as ready for air carriage?.

Answers

34% of a reduction in errors did international air transport association have when their employees working in cargo management obtained instant access to clear and consistent working instructions.

Transporting shipments, emptying cargo, picking, sorting, and putting away are all included within the term "cargo administration," which portrays how these assignments are dealt with in calculated centres and distribution centers. Those who sort out, encourage, assist, and course the stream of approaching and leaving shipments cargo and cargo shipments in carriers and cargo organizations are known as cargo administration officers. The cargo management officer make beyond any doubt that shipments of products are kept and dealt with in agreement with Standard Working Methods (SOPs) and taking care of regulations. All shipment printed material is ready by the cargo administration officer, who moreover handles stock control and housekeeping obligations. Shipments are sorted out in agreement with cargo plans, much obliged to the cargo management officer.

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Which of the following is not an example of professional behavior
?

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What are the answers?

Which statement best explains the decrease in manufacturing jobs over the next few years?
1)There is not enough demand for manufactured goods.
2) These jobs are often outsourced to overseas factories.
3)There are not enough skilled workers to fill the positions.
4)The cost of technical training and on-the-job training is high.

Which statement best explains the decrease in manufacturing jobs over the next few years? 1)There is

Answers

Answer:

2) These jobs are often outsourced to overseas factories.

Explanation:

The correct option is B. These jobs are often outsourced to overseas factories which best explains the decrease in manufacturing jobs over the next few years.

What is the effect of outsourcing jobs?

Outsourcing jobs enables American businesses to compete more effectively on a global scale. With abroad branches, they are able to sell to foreign markets. By employing in developing nations with lesser standards of living, they maintain low labor prices. As a result, the prices of the commodities they ship back to the US are reduced.

Production outsourcing has significant effects on labor and material costs, with a tendency to drive up material costs and drive down labor costs. This study also demonstrates that process techniques do not moderate the impact of high levels of supplier integration on total COGS.

The best choice is B. The loss in manufacturing jobs over the next years can be best explained by the fact that these positions are frequently outsourced to manufacturers in other countries.

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In 1983, a hardcover dictionary cost $145. 75. If the CPI is currently 209, what would a hardcover dictionary cost today? Round to the nearest cent. A. $354. 75 b. $304. 62 c. $254. 75 d. $209. 00 Please select the best answer from the choices provided A B C D.

Answers

Therefore, the best answer is B. $304.62, which is the rounded value of $306.06 to the nearest cent.

The Consumer Price Index (CPI) helps to calculate the inflation rate that is used to adjust the value of currency.

We can use the following formula to calculate the current cost of a hardcover dictionary:

New cost = (Cost at the old time * Current CPI) / CPI at the old time

Let's solve for the new cost of the hardcover dictionary:

New cost = (145.75 * 209) / 99.6

New cost = 306.06

So, the hardcover dictionary would cost approximately $306.06 today.
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In which of the following situations would it be MOST beneficial to hire a financial adviser?

A. I’m a senior in college, am about to graduate, and need to create a plan for paying off my student loans.
B. I have a car loan, a large student loan, and a backlog of unpaid medical bills that I’m struggling to keep up with.
C. I’m having a hard time tracking my expenses and income, and want to establish a solid monthly budget to better manage my money.
D. I have a $1,250 credit card bill with a 22% interest rate that I’m trying to pay off.

Answers

C
a financial adviser is there to guide you, not to help you pay off bills

What Is NOT one of the three primary resources that farnilies have to reach financlal goals?

A.Education
B.Energy
C.Time
D.Money

Answers

Answer:

I think it would be education

Explanation:

Answer: A. Education

Explanation:

Assume Avaya contracted to provide a customer with Internet infrastructure for $2,910,000. The project began in 2024 and was completed in 2025. Data relating to the contract are summarized below. 2024 2025 Costs incurred during the year Estimated costs to complete as of 12/31 $ 376,000 $2,265,000 1,504,000 Billings during the year e 535,000 1,810,000 500,000 1,845,000 Cash collections during the year Required: 1. Compute the amount of revenue and gross profit or loss to be recognized in 2024 and 2025, assuming Avaya recognizes revenue over time according to percentage of completion. 2. Compute the amount of revenue and gross profit or loss to be recognized in 2024 and 2025, assuming this project does not quality for revenue recognition over time. 3. Prepare a partial balance sheet to show how the information related to this contract would be presented at the end of 2024 assuming Avaya recognizes revenue over time according to percentage of completion. 4. Prepare a partial balance sheet to show how the information related to this contract would be presented at the end of 2024. assuming this project does not qualify for revenue recognition over time. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the amount of revenue and gross profit or loss to be recognized in 2024 and 2025, assuming Avaya recognizes revenue over time according to percentage of completion.

Answers

To compute the amount of revenue and gross profit or loss to be recognized in 2024 and 2025, assuming Avaya recognizes revenue over time according to the percentage of completion method, we need to calculate the percentage of completion for each year.

In 2024:
- Costs incurred during the year: $376,000
- Estimated costs to complete as of 12/31: $2,265,000
- Total costs incurred: $376,000 + $2,265,000 = $2,641,000

Percentage of completion in 2024: Costs incurred / Total estimated costs
Percentage of completion in 2024: $2,641,000 / ($2,641,000 + $1,504,000) = 0.6376

Revenue recognized in 2024: Contract price x Percentage of completion
Revenue recognized in 2024: $2,910,000 x 0.6376 = $1,854,616

Gross profit or loss in 2024: Revenue recognized - Costs incurred
Gross profit or loss in 2024: $1,854,616 - $376,000 = $1,478,616

In 2025:
- Costs incurred during the year: $1,504,000
- Estimated costs to complete as of 12/31: $0 (since the project is completed)
- Total costs incurred: $2,641,000 + $1,504,000 = $4,145,000

Percentage of completion in 2025: Costs incurred / Total estimated costs
Percentage of completion in 2025: $4,145,000 / ($4,145,000 + $0) = 1

Revenue recognized in 2025: Contract price x Percentage of completion
Revenue recognized in 2025: $2,910,000 x 1 = $2,910,000

Gross profit or loss in 2025: Revenue recognized - Costs incurred
Gross profit or loss in 2025: $2,910,000 - $1,504,000 = $1,406,000

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Can someone help me with this???

Can someone help me with this???

Answers

I think it’s the last one but if not lmk

Explain why you have to pay late fees with a credit card, but not with a debit card?

Answers

Answer:

because a credit card you are taking loans from your bank company but with a debit card it's the money you're putting on the card

When people use a credit card, their bank gives you loans, however when you use a debit card, it's your own money that gets put on the card.

What is debit card?

A form of plastic money or currency is a debit card. You can use it to make purchases even when you don't have any cash. Savings account holders typically receive a debit card that is linked to their account from banks. Every transaction performed with your debit card is detailed in your bank statement.

When you use a debit card to make a purchase, the money is almost immediately taken out of your checking account to pay for the goods. The money will be charged to your line of credit when you use a credit card, providing you more time to make the payment because it will be due later.

Thus, When people use a credit card, their bank gives you loans.

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Indicate which situations would require Zenda Company to record revenue in the current period.

Answers

Answer:

c & d

Explanation:

Option includes "a. Zenda is paid in advance for services to be performed in the next period. b. Zenda signs a contract with a customer to perform services in a future period. c. Zenda performs services for cash.  d. Zenda performs services on account."

Only Zenda Company performance of services for cash and on account will be recognized and will be recorded as revenue in the current period.

If tax rates decrease as income falls, the tax structure is​

Answers

Regressive taxes are those with tax rates that lower as income rises.

What are tax rates?

The term "tax rates" refers to a progressive tax rate system, in which the amount of tax owed rises as taxable income for an individual or company does.

Regressive taxes are those in which the average tax burden reduces as income increases. Middle- and high-income taxpayers bear a disproportionately large fraction of the tax burden, compared to low-income taxpayers, who bear a negligible amount.

Hence, the significance of the tax rates is aforementioned.

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oligopolies are difficult to analyze because

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Oligopoly is difficult to analyze primarily because of the interdependence among the firms. The other reasons are; The group behavior of the firm, each entity understands that its decisions would influence other firms in the sector and also the firms in the market act according to the decisions of a competitive firm.
Sorry if it’s too complicated

List 10 resources that are scarce in the world today

Answers

The resources that will be most scarce in the future, according to the report, are -water,
-biodiversity and air,
-rare earth and metals,
-agriculture,
-waste disposal,
-processing power,
-youth,
-health and wellness,
-skills and education,
-time.

PLEASE HELP ASAP???? 1. David worked hard on his resume. He included information about his education, his skills, his previous work and volunteer experience, his extracurricular activities, and awards he has won. His resume is five pages long. What is David’s mistake?

2.Greg asked his teacher if his potential employers could contact her as someone to recommend his abilities. What is Greg's teacher?

3. What is a job objective and why is it important?

Answers

A resume should be of 1-2 pages maximum. It should be brief and short.


A resume only contains qualifications and activities that is required in a job interview. A 5 pages long resume will no longer be called a resume because it becomes a CV or curriculum vitae which is long and detailed.

For a contract to be valid it must contain essential features. The feature that describes an expression of interest of one party to another and a subsequent act of indication to accept the terms outlines is

Answers

Answer:

For a contract to be valid it must contain essential features. The feature that describes an expression of interest of one party to another and a subsequent act of indication to accept the terms outlines is:

Agreement or mutual consent.

Explanation:

Mutual consent or agreement is given expression by a valid offer by one party and acceptance by the other party.  These are then backed by adequate consideration, proof of the capacity of the contracting parties, and the legality of the subject of the contract.  Without the agreement or mutual consent between the contracting parties, the contract is not enforceable, ab initio.  It is this essential element of a contract that shows that the parties are interested in entering into some binding relationships for their mutual benefits.

Having children often means that a couple’s social networks change such that parents of their children’s playmates take the place of other adults with whom they have associated in the past. What are the long-term advantages and disadvantages of this trend for parents’ future post-child-rearing years?

Answers

The shift in social networks as parents prioritize connections with other parents of their children's playmates can have both advantages and disadvantages for their future post-child-rearing years.

On one hand, it offers the opportunity to build strong support networks and friendships within the parent community. On the other hand, it may limit the diversity of social connections and reduce opportunities for personal growth and exploration outside the realm of parenting.

The long-term advantages of parents' social networks shifting towards other parents of their children's playmates lie in the potential for building strong support systems. Sharing similar experiences and challenges with other parents can foster a sense of understanding, empathy, and solidarity. It can provide a valuable source of emotional support, practical advice, and childcare resources. These connections can contribute to a sense of belonging and community, which can be especially beneficial during the child-rearing years.

However, this trend may also have long-term disadvantages. By primarily associating with other parents, parents may limit their exposure to diverse perspectives and experiences. This can lead to a narrow social circle that revolves solely around parenting and child-related activities. As children grow older and become more independent, parents may find themselves lacking a broader network of connections and interests outside of their role as parents. It can hinder personal growth, limit opportunities for intellectual stimulation, and restrict the exploration of new hobbies or interests.

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name and describe the six basic emergency management audiences and explain whether they would be internal or external customers.

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The following are the six primary emergency management audiences:

Disaster Victims:General Public:Business Community: Media:Community Officials:First Responders:What do they mean by media?

The media are the communication channels or technologies that are used to store and transmit information or data. Print media, publishing, news media, photography, film, broadcasting, digital media, and advertising are all examples of mass media communications business components. Marshall McLuhan, a Canadian communications theorist, originally introduced the term media in its current sense pertaining to communication channels, as described in Counterblast. The term medium is described as "one of the broad communication, information, or entertainment outlets in society, such as newspapers, radio, or television."

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As a producer, you are willing to supply the most goods at the highest price. This is because the highest
price earns you the

most demand
highest costs
most profits

Answers

Answer: most profits

Explanation:

The answer is C. The most profit

an addition to the new ethics code involves the expectation for behavior analysts to promote an ethical ____________.

Answers

An addition to the new ethics code involves the expectation for behavior analysts to promote an ethical Option C. culture.

The revised ethics code involves a greater emphasis on the behavior analyst's responsibility to promote an ethical culture, in addition to the responsibility to adhere to ethical principles themselves. The ethical culture concept has been introduced to recognize the importance of the wider environment in which ethical behavior is cultivated. It recognizes the idea that ethical behavior goes beyond the individual and that it is shaped and influenced by the environment in which it occurs.

The revised ethics code specifies that behavior analysts are expected to promote an ethical culture by encouraging adherence to ethical principles and standards within their professional communities, organizations, and regulatory bodies. Behavior analysts are expected to help foster an ethical culture by contributing to the development of ethical standards and policies, educating others about ethical behavior, and addressing ethical violations.

Ethical culture development is expected to occur within all aspects of the profession of behavior analysis, including research, practice, education, and supervision. Behavior analysts must work to establish and promote an ethical culture to ensure that their clients receive the highest quality services, that the profession maintains its integrity, and that public trust is maintained. Therefore, the correct option is C.

The question was incomplete, Find the full content below:

An addition to the new ethics code involves the expectation for behavior analysts to promote an ethical ____________.

a. Client base.

b. Critique.

c. Culture.

d. None of the above.

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On december 29, 2021, patel products, inc. , sells a delivery van that cost $20,000. the equipment had accumulated depreciation of $16,000 at december 31, 2020. annual depreciation on this equipment is $2,000 computed using straight-line depreciation.

Answers

The appropriate journal entry to record the transaction using  straight-line depreciation is: Debit Depreciation expense $2,000; Credit Accumulated depreciation $2,000

Depreciation

If the  annual depreciation on this equipment  is the amount of  $2,000. The correct journal entry to record the transaction using  straight-line depreciation is:

December 31 2020

Debit Depreciation expense $2,000

Credit Accumulated depreciation $2,000

(To record depreciation  expenses)

Therefore the entry is: Debit Depreciation expense $2,000; Credit Accumulated depreciation $2,000.

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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).

Cain Company reports net cash provided by operating activities of $35,000. It also reports the following

Answers

It can be seen from the solutions given that Cain's net income is $24,000.

Here is the solution:

Net income = Net cash provided by operating activities - Adjustments

= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000

= $24,000

Therefore, Cain's net income is $24,000.

Here is a breakdown of the adjustments:

To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.

A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.

The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.

A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.

A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.

A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.

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A law passed increasing the minimum wage by 10%.

The owner of a small bakery must now pay all her laborers 10% higher wages.

What is the Minimum Amount the owner now charge customers for labor to balance her increased operational expenses?

Answers

The increase in the minimum wage in the economy would cause employers to increase charges that they give to consumers by about 4 percent.

What is the impact of minimum wage on goods?

When minimum wage is raised in the economy, it means that the employers of labor would have to pay more operational cost for labor.

The effect that this would have on goods is that the people that consume the goods would have to pay extra for them.

Based on research, an increase in minimum wage raises prices by 4 percent in the economy.

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A country has a trade deficit of $20 billion with its trading partners (
year. Which change would cause the country to have a trade surplus the
following year, assuming everything else remains the same?
A. The country increases its exports by $30 billion.
B. The country increases its imports by $30 billion.
C. The country decreases its exports by $10 billion.
D. The country decreases its imports by $10 billion.

Answers

D) The nation reduces its exports by $30 billion, the change would result in a trade deficit the following year for the country that had a trade surplus of $20 billion in one year.

When imports rise faster than exports, a trade deficit occurs. If the country increases its exports by $30 billion, decreases its imports by $10 billion, or increases its imports by $10 billion, it cannot have a trade deficit.

As a result, the country will only experience a trade deficit if its exports decrease by $30 billion while the rest of its exports remain unchanged.

With an example, what is a trade deficit?

A country has a trade deficit when its imports exceed its exports over a given time period. A negative balance of trade (BOT) is another name for this situation. There are several ways to determine the balance, including: goods (also called " merchandise”), goods and services, and services and goods.

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Full Question = A country has a trade surplus of $20 billion with its trading partners over a

year. Which change would cause the country to have a trade deficit the

following year, assuming everything else remains the same?

A. The country increases its exports by $30 billion.

B. The country decreases its imports by $10 billion.

O C. The country increases its imports by $10 billion.

O D. The country decreases its exports by $30 billion.

All of the following are warning signs of debt problems except:
A) You pay your credit card bills in full each period.
B) You receive second and third payments due to notices from creditors.
C) You exceed the credit limits on your credit cards.
D) You use savings to pay for necessities such as food and utilities.
E) The total balance on your credit cards increases every month.

Answers

You exceed the credit limits on your credit cards are warning signs of debt problems except. The answer is OPTION C.

Unmanageable debt can be detrimental to one's general well-being since it exacerbates worry, stress, and sleep disruption. The connections made do not prove how much debt contributes to or detracts from the bigger problems people confront.

If you don't make your payments on priority debts, severe action may be taken against you. You can forfeit your house, lose access to a service, or even wind yourself in jail. Typical examples of priority debts are mortgage payments.

Rising debt has at least four different effects that might negatively impact an economy's performance both now and in the future. Transfers, financial difficulty, bezzle (or fictitious riches), and extra spillover adjustment costs known as hysteresis are some of these.

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What factors, do you think determine how long a product will stay in the product life cycle

Answers

Answer:

I think the production date....

Hope it helps!!!

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