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andrew-mc [135]
2 years ago
8

Evaluate each of the following transactions in terms of their effect on assets, liabilities, and equity. 1. issue $80,000 in sto

ck 2. borrow $65,000 from a bank 3. receive payment of $12,000 owed by a customer 4. pay $6,000 owed to a supplier 5. buy $17,000 worth of manufacturing supplies on credit 6. purchase equipment for $47,000 in cash 7. pay $8,000 owed to a supplier what is the net change in total assets?
Business
1 answer:
Vsevolod [243]2 years ago
7 0

The net total change in total assets comes out to 1,27,0000 when the change in assets and liabilities is computed.

<h3>What do you mean when you say "assets" and "liabilities"?</h3>

A company's assets are everything it possesses. They may be located on the balance sheet's left side. Liabilities are all debts that a company owes, both now and in the future. They may be found on the balance sheet's right side.

Current and fixed assets are the two categories of assets.

  • Current assets are those that can be turned into cash immediately. For example, Cash accounts receivable, and inventory is among them.

Current and long-term obligations are the two categories of liabilities.

  • Credit lines, loans, wages, and accounts payable are examples of current obligations that must be paid back within a year.

Thus,

According to the aforementioned circumstances, There will be a total shift of 1,27,0000 in assets.

Learn more about assets and liabilities:

brainly.com/question/20715446

#SPJ1

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Answer:

c. 2.00.

Explanation:

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3 years ago
According to the capital asset pricing model (CAPM), a capital budgeting project that has a beta equal to zero should be evaluat
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a. True

Explanation:

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As the beta multiplies the difference between the market rate and risk-free rate a beta of zero will nulify the second part of the equation leaving only the risk-free rate. This means the portfolio is not expose to volatility

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3 years ago
At the beginning of the year, Monroe Company estimates annual overhead costs to be $800,000 and that 200,000 machine hours will
lora16 [44]

Answer:

$600,000

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3 0
3 years ago
A 10% rise consumer income results in a 4% decrease in the quantity demanded for pasta. the income elasticity of demand for past
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Chataqua Can Company manufactures metal cans used in the food-processing industry. A case of cans sells for $50. The variable co
Salsk061 [2.6K]

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9

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