Based on the information given the account that are affected is:
- $500 decrease in liabilities
- $500 decrease in assets.
<h3>Accounts that are affected</h3>
Assuming the company paid its suppliers the amount of $500 that it owed for the pizza pans they purchased and received in the month of April. Hence, liabilities account will decrease by $500 while the assets account will decrease by $500.
Thus:
- $500 decrease in liabilities
Inconclusion the account that are affected is:$500 decrease in liabilities, $500 decrease in assets.
Learn more about account affected here: brainly.com/question/14279491
Answer:
Company's contribution margin ratio is <u>70.59%</u>
You will need $228,790 in 28 years to supplement your retirement funds. If you can earn 8% interest, you must save $2,400 each year. ✅
Answer:
⚡️?
Explanation:
⚡️ nothing has a problem with the battery and the battery is a bit annoying and the battery is a bit annoying
Answer: c. Kidman recognizes a $1,000 LTCG
Explanation:
Long term gain can be calculated by the formula:
Capital gain = Distribution received - Basis in stock - Ordinary income earned
= 75,000 - 24,000 - 50,000
= $1,000
Long Term Capital gain is therefore $1,000.
