The expenditure incurred for changing the oil in the company's fleet of trucks is debited to ______.

Answers

Answer 1

Cost are often incurred in any business transaction. The expenditure incurred for changing the oil in the company's fleet of trucks is debited to repairs and maintenance expense

Repairs and maintenance expense is simply known as the costs incurred to bring an asset back to its formal good condition or to keep the asset operating at its present condition.

An example, When a company's truck is damaged, the cost to repair the damage is often debited to repairs and maintenance expense.

Routine maintenance is often made to engine tune-ups, oil changes, radiator flushing, etc. and they are also debited to repairs and maintenance expense.

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Related Questions

Earnings per share (EPS) equals ______ divided by the average shares of common stock outstanding. (Assume no preferred stock has been issued.) Multiple choice question. Revenue Operating Income Retained Earnings Net Income

Answers

With the issuance of preferred stock, Earnings per share (EPS) equal D. Net Income divided by the average shares of common stock outstanding.

If the company issues preferred stock, the preferred dividend is deducted from the net income before the computation of the EPS. In such a situation, the Earnings per share becomes the Net Income after the deduction of preferred dividend divided by the average common shares outstanding.

Thus, the Earnings per share without preferred dividend equals D.

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A trial balance is a listing of which balances?

Answers

Answer:

A trial balance is a list of all the general ledger accounts (both revenue and capital) contained in the ledger of a business

Explanation:

Hope this helps :)

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identify the early developments in europe as having either contributed or not contributed to the rise of industrial wage labor.

Answers

Some developments that contributed to the increase in salaried work in Europe were:

Factory growthDevaluation of agricultural and manual workDisplacement from rural to urban areas

Industrialization in Europe was a process that began in the 18th century with the industrial revolution. This event was promoted by some social, economic and cultural aspects that allowed the overcrowding of the industry such as:

Factory growth: Factory owners increased the supply of products and people increased the demand for which it was necessary to found new factories and hire more salaried labor.

Devaluation of agricultural and manual work: With the development of machines, products produced manually were devalued because it was more profitable to manufacture large quantities of a single product with the help of machines than in the traditional way. This caused many artisans to be employed in the factories.

Displacement: When agricultural work stopped being profitable for many families, they had to emigrate to the big cities and work in industrial factories to survive.

Note: This question is incomplete because the options are missing. However, I can answer it based on my prior knowledge and general knowledge.

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the complete list of items needed to prepare a statement of cash flows includes ______.

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The list of items needed to prepare the cash flows statement includes:

comparative balance sheetsincome statement additional data on investing and financing activities

In accounting, statement of cash-flow is a statement that calculate the amount of cash and cash equivalents that comes and leaves the company.

The section of the statement of cash-flow are divided into the operating activities, investing activities and financing activities.

Hence, the list of items needed to prepare the cash flows statement includes the comparative balance sheets, income statement and the additional data on investing and financing activities.

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All of the brands that Miguel can easily call to mind for laundry detergents, whether he would consider buying them or not, comprise his ______ set. Multiple choice question. retrieval predetermined universal evoked

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The ability of Miguel to recall those brands of detergent is known as Retrieval set in marketing.

In marketing, the term "Retrieval set refers to series of brands that a consumer can recall from their memory whether they are making purchase or not".

Here, Miguel can easily call to his mind different brand of laundry detergents whether he is considering buying them or not.

The ability to recall those brands is known as Retrieval set in marketing.

Therefore, the Option A is correct.

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Country Kelani has I = $200 billion, S = $400 billion, and purchased $600 billion of foreign assets, how many of its assets did foreigners purchase?

Answers

Answer:

$400 billion

Explanation:

options:

A) $0 billion

B)$1,200 billion

C) $200 billion

D) $400 billion

D) $400 billion is correct answer

(Hope this helps can I pls have brainlist (crown)☺️)

what importance does the stationery and information sources play in the effective and efficient Operation of an organization?​

Answers

Based on the organizational activities model, the importance of stationery and information sources in the effective and efficient operation of an organization includes "the source of quality and quantity data on the production input."

Some other importance of stationery and information sources in the effective and efficient operation of an organization includes the following:

It serves as the place to gather data about the strengths and weaknesses of the firms.It is also the source to gather the information opportunities and threats of the organizations.It is also a source of keeping records of finance, employees, success, and failures of the firms.

Hence, in this case, it is concluded that the stationery and information sources in an organization are vital to its success.

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a country opens to trade. if the world price of a good exceeds the domestic price, the result will be:

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Based on macroeconomic theory, a country opens to trade. If the world price exceeds the domestic price, the result will be export.

This is because it is beneficial or advantageous for a country to export its goods when the world price exceeds the domestic price.

This implies that the country's export goods will be cheaper than the world price of such goods.

In turn, other countries would demand their goods because of lower prices, thereby promoting more exportation of such goods.

Hence, in this case, it is concluded that the correct answer is export.

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brenda apologized to kordell for an e-mail that upset him. she said she had chosen an inconsiderate way of stating her idea, and that she’d be happy to discuss it further. brenda is:

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The behavior or disposition displayed by Brenda that was described above shows consideration behavior, therefore, Brenda can be said to be: expressing consideration behavior.

Consideration behavior can be described as exhibiting a friendly and supportive disposition by considering the interests of others. It also entails effectively communicating openly with others, having respect of their ideas and showing concern for their feelings.

Thus, the behavior or disposition displayed by Brenda that was described above shows consideration behavior, therefore, Brenda can be said to be: expressing consideration behavior.

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Identify what is needed to calculate the P/E ratio. (Check all that apply.) Multiple select question. Return on equity Average stockholders' equity Earnings per share Common stock dividends declared Stock price

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The computation of the P/E (Price/Earnings) ratio requires C. Earnings per share and E. Stock price.

The Stock price is the current market price per share of the company's stock. The Earnings per share (EPS) is the net income (less preferred dividend) divided by the number of outstanding common stock shares.

Thus, the P/E ratio computation requires C and E.

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which policy tools are considered automatic stabilizers?

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In the fiscal policies of governments, automatic stabilizers are meant to correct and stabilize the fluctuations that arise within the economy of nations. The policy tools that are considered automatic stabilizers are;

A progressive income tax structure Government unemployment benefits

At times, the economy of a nation might experience shocks and destabilizations. These policy tools listed above are meant to generate taxes from the citizens that would cushion the effects of these shocks.

They help to increase the flow of money in the economy when it is passing through difficulties like recessions.

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Why is it important to explain the objectives and procedures of a research project both to current and future decision makers in a company

Answers

It is important to explain the objectives and procedure of an investigation because this directly impacts the decisions that the company can make.

Companies generally research to improve their products or market research to target their products to a target audience.

When these investigations are carried out, they are always done to improve productivity, sales, and the quality of the company. Therefore, if an investigation focused on the quality of a product is carried out, the process and objectives must be shared so that the investigation impacts the improvement of the company.

For example:

When a bicycle company researches to make the design of the bicycle lighter and more aerodynamic, it can be inferred that the objective of this research is to improve the product and the procedure is through the study and experimentation of the bicycle in different controlled environments.

This will cause the company's decision-makers to promote its new model and invest more in advertising and technology development to improve the product.

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HELP PLEASE

Companies create a division of labor among employees in order to:

O A. reduce the opportunity cost for hiring new employees.

O B. make it easier to shift employees between different jobs.

O C. allow each employee to perform one task at a high level.

O D. gain access to more human and physical capital.

Answers

Answer:

D

Explanation:

companies do this so everyone is more proficient with their bodies and their work

48. Although SellSmart brings together buyers and sellers and helps negotiate exchanges, it does not actually take title to any of the goods being traded
SellSmart would be classified as an agent or broker.

True or False


Answers

Since SellSmart brings together buyers and sellers and helps negotiate exchanges, it does not actually take title to any of the goods being traded, it's an agent or broker. Therefore, it's true.

It should be noted that an agent is an individual that's licensed to sell property while a broker is an individual that's licensed to own their own real estate firm.

An agent or broker brings the buyer and the seller together and helps in negotiating a sale but doesn't take title to goods. Since SellSmart performs this function, it's an agent or broker.

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Do you think it is fair for dealers to charge you more for a car they pay the manufacturer

Answers

Answer:

I dont think they should charge more

Explanation:

Answer:

In my opinion, No,

But this occurs only when demand is so high that dealers aren't struggling to make a sale, and it generally indicates that an MSRP is too low. In the rare case that dealers can't restock a particular vehicle fast enough, it's perfectly legal (and a savvy business decision) to charge more than the MSRP.

I hope this helps.

which three activities are part of the function of accounting?

Answers

The 3 activities which are part of the function of accounting includes:

Classifying financial transactions interpreting financial transactions Recording financial transactions

Accounting (including bookkeeping) refers to the process of recording, preparing, analyzing and interpreting financial information or statements for future purpose.

As regards the options, 3 activities which are part of the function of accounting includes:

Classifying financial transactions interpreting financial transactions Recording financial transactions

In conclusion, the process of accounting helps to identifies, records, classifies and communicate the company's economic events to interested users.

Missing word includes "1. prioritizing financial transactions 2. classifying financial transactions 3. planning financial transactions 4. interpreting financial transactions 5. recording financial transactions"

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If an economic crisis were to occur that caused a significant decline in the projected tax revenue for the biennium, the state legislature would likely deal with the shortfall by taking which steps

Answers

If a country is going through financial difficulty, there are several steps they can take including:

Reducing spending Delaying interest payments Using cash reserves

If a country sees that its taxes will not be enough to cover its obligations, it can reduce the amount it spends on goods and services so as to reduce its obligations.

Country can also increase the time taken to pay off debts so that they can divert cash to needed areas whilst waiting for things to be better.

Country can use cash reserves that it accumulated in one form or the other to weather the storm of reduced taxes.

In conclusion, the government can deal with tax shortage in several ways.

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Which statement is true about the circular flow diagram of an economy?.

Answers

The statement that the market for factors of production connects spending by firms to household income is true about the circular flow diagram of an economy.

The circular flow diagram is an economic model that entails the flows of money and goods exchanged in the closed circuit which run in the opposite direction.

Hence, the statement that the market for factors of production connects spending by firms to household income is true about the circular flow diagram of an economy.

Therefore, the Option A is correct.

Missing word includes "A The market for goods and services connects household spending to government spending.  B The market for factors of production connects household spending to goods produced by firms. C The market for factors of production connects spending by firms to household income. D The market for goods and services connects labor income to firms as employers. E The market for goods and services connects labor income to household spending."

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Can someone please reading this and tell me if it sounds good so far, thanks!

Answers

It sounds good so far! nice job

It actually isn't bad; I would take out the freshman year sentence though.

When cash from operating activities is presented using the indirect method, net income must be adjusted for increases and decreases in balance sheet accounts that relate to

Answers

The name which is given to the process where cash from operating activities is presented using the indirect method and the net income must be balanced is:

Indirect Cash Flow Method

According to  the given question, we are asked to state the  name which is given to the process where cash from operating activities is presented using the indirect method and the net income must be balanced.

As a result of this, we can see that this is called Indirect Cash Flow Method because here, the cash flow can be deduced by checking and making some calculations on the net income from the transactions which were not done in cash.

Therefore, the correct answer is Indirect Cash Flow Method

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A partner's self-employment earnings (loss) may be affected by her share of ordinary business income (loss) and any guaranteed payments she receives. The impact of these amounts typically depends on the status of the partner. Which of the following statements correctly describes the effect these items have on the partner's self-employment earnings (loss)?A) General partner - only guaranteed payments affect self-employment earnings (loss).B) General partner - ordinary business income (loss) and guaranteed payments affect self-employment earnings (loss).C) Limited partner - only guaranteed payments affect self-employment earnings (loss).D) Limited partner - only ordinary business income (loss) affects self-employment income (loss).E) Both General partner - ordinary business income (loss) and guaranteed payments affect self-employment earnings (loss) and Limited partner - only guaranteed payments affect self-employment earnings (loss).

Answers

There are different form of partnership. The statements that correctly describes the effect these items have on the partner's self-employment earnings (loss) is given below;

Both General partner - ordinary business income (loss) and guaranteed payments affect self-employment earnings (loss) and Limited partner - only guaranteed payments affect self-employment earnings (loss).

A general partner is known to be a type of owner of a partnership and they are said to either be a managing partner or active in the daily operations of the firm.

General partners are mandated to include any guaranteed payments they get and their share of ordinary business income (loss) in their self-employment earnings (loss).

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Taxes represent __________ of the business. Multiple Choice an equity liability a cash inflow a cash outflow an accounts receivable liability

Answers

The taxes that are being paid by a business firm represents: C. a cash outflow.

Taxation can be defined as the involuntary and compulsory fees that are usually levied on individuals or business firms (entities) by the government, so as to generate revenues which are used in funding public institutions and activities.

Basically, these taxes that are being paid by individuals or business firms (entities) is considered as a cash outflow because it represents money that are flowing out of their accounts.

In conclusion, an amount of money that is flowing out of an account such as taxes is referred to as a cash outflow.

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In general, how do federal laws protect employee benefits?

Answers

Answer: They make sure employees get fair pay.

Explanation: Brainliest please

Craig Conway is CEO of a software design company named PeopleSoft, a company that has automated many human resource functions such as tracking vacation time. Conway operates at the __________ level of his organization.

Answers

The level at which Conway operates at his organization is called the Corporate Level.

Corporate Level strategy means the top hierarchy approach for administering and directing the entire activities of the organization

Here, Craig Conway is the CEO which is a top-hierarchy for his company. Any operation planned, administered and directed from his position in the organization means he is operating at the Corporate Level

Therefore, the level at which Conway operates at his organization is called the Corporate Level.

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Paul Mason's firm sells medical equipment to heart surgeons. The company fields a direct sales force that travels the country demonstrating its equipment to heart surgeons and hospital administrators. Recently, Paul's company started producing equipment for eye surgeons, partly to maximize the value of his sales force, which can now call on both heart surgeons and eye surgeons when it makes hospital visits. Paul's firm is attempting to capture economies of ________ through this strategy.

Answers

Answer:

scope

Explanation:

A company's debt-to-assets ratio is 0.7 or 70%. If the company issues common stock for cash, then the debt-to-assets ratio will ______.

Answers

Answer:decrease

Explanation:

A company's debt-to-assets ratio is 0.7 or 70%. If the company issues common stock for cash, then the debt-to-assets ratio will be decreased.

What do you mean by debt-to-assets ratio?

The primary purpose of the debt-to-total assets ratio is to assess a company's capacity for borrowing additional funds. By comparing the ratio to other businesses in the same industry, that assessment is made.

Debt capacity measures a company's power to service its existing debt as well as its capacity to borrow money if necessary from additional sources of debt.

A corporation is said to be more leveraged the higher its debt-to-total assets ratio. If their revenues fall, highly leveraged businesses have a higher risk of missing loan payments, and it is more difficult to obtain additional debt to weather a slump.

Therefore, a company's debt-to-assets ratio is 0.7 or 70%. If the company issues common stock for cash, then the debt-to-assets ratio will be decreased.

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If the price of tortillas is $1.20 per dozen, how many dozen will suppliers offer for sale?

Answers

Answer:

2,500

Explanation:

Most financial securities have some level of ________ risk. Multiple Choice unsystematic asset-specific diversifiable industry systematic

Answers

Based on financial analysis, Most financial securities have some level of asset-specific risk.

This is because asset-specific risk is a type of risk that is unique and common to financial securities.

Asset-specific risk is often referred to as Asset-backed risk, which, like any other financial risk, concerns the tendency of losing money.

Other types of risks associated with financial securities include the following:

Credit risk, Liquidity risk, Foreign investment risk, Equity riskCurrency risk

Hence, in this case, it is concluded that the correct answer is "Asset-specific risk."

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Nicole is the Executive Director of a local food bank and is assessing the financial situation of her not-for-profit organization. Nicole uses a(n) ________ to determine whether revenues from contributions and other sources will cover operating costs.

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Nicole, who is assessing the financial situation of her not-for-profit organization an income statement to determine whether revenues from contributions and other sources will cover operating costs.

An income statement is a financial document that shows the income and expenditure of an organization over a period of time.

It helps the organization to know whether they are making a profit or incurring losses.

So, for Nicole to determine whether the revenue of the organization will cover operating costs, she needs to use the income statement.

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how many words can the average listener process per minute

Answers

Answer:

800 words per minute

Explanation:

he average rate of speech for an American is about 125 words per minute; the human brain can process about 800 words per minute.

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