What is credit and debit in accounting

Suppose the target range for the federal funds rate is 2 to 2.5 percent but that the equilibrium federal funds rate is currently 2.3 percent.

A given operation's forecast behavior is defined by the following linear equation:y = 14x - 20 where y is units and x is month. What is the projected forecast for month 5? a. cannot be determined b. 64 c. 50 d. 22

Using the following information: The bank statement balance is $3,480. The cash account balance is $3,535. Outstanding checks amounted to $796. Deposits in transit are $729. The bank service charge is $113.

Tuity Fruity Beverage Company's operating activities for the year are listed below. Purchases $140,000Operating expenses$80,900Beginning inventory$12,300Ending inventory$18,300Sales revenue$300,000What is the cost of goods sold for the year?

Larry has the largest pizza business in the city. He learns that Henry is thinking of opening a competing pizza and pasta delivery business. Larry gives Henry $25,000 to not open his proposed business in the same city.

When conducting tradeoffs, Cost and/or Price must always be considered more important than the Non-Price Factors: False True

Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $57000. If the balance of the Allowance for Doubtful Accounts is an $11400 debit before adjustment, what is the balance after adjustment?

Your organization is launching a project which will include an investment of $2,000,000. The product from the project is forecasted to create revenues of $500,000 in the first year after the end of the project and of $840,000 in each of the two

ts sold ... 10,000 9,000 Sales revenue ... $120,000 $103,500 Variable manufacturing cost ... 40,000 36,000 Fixed manufacturing cost ... 20,000 20,000 Variable selling and administrative cost ... 10,000 9,000 Fixed selling and administrative cost ...

Credit cards should be used for A. anything you want. B. things you can't afford. C. budgeted expenses you need to pay over time. D. wants rather than needs