All categories

2 years ago

Evaluate each of the following transactions in terms of their effect on assets, liabilities, and equity.

Business

1 answer:

Lady_Fox [76]2 years ago

5 0

Net change in assets = 15,000+ 75,000

= $90,000

<h3>1-Receive payment of $12,000 owed by a customer</h3>

No effect on asset
No effect on liability
No effect on equity

<h3>2-Buy $15,000 worth of manufacturing supplies on credit</h3>

Assets increase by $15,000
Liabilities increase by $15,000
No effect on equity

<h3>3-. Purchase equipment for $44,000 in cash</h3>

No effect on asset
No effect on liability
No effect on equity

<h3>4-Issue $75,000 in stock</h3>

Assets increase by $75,000
No effect on liability
Equity increases by $75,000

To learn more about assets visit the link-

brainly.com/question/13848560

#SPJ4

You might be interested in

2) Company issues

nika2105 [10]

Answer:

Advertisement.

Explanation:

An advertisement can be defined as a strategic process or technique which is typically used to bring an announcement, information or notice to the general public.

This ultimately implies that, an advertisement is a means of communication through the use of mediums such as newspapers, blogs, magazines, television, radio, flyers, pamphlets, etc., to bring a specific information or announcement to the general public.

Generally, advertisements are considered to be a form of promoting an idea, product and services.

Hence, company issues advertisement to invites its members to subscribe for its Deposit scheme.

6 0

3 years ago

Jamison Company had sales revenue and operating expenses of $5,000,000 and $4,200,000, respectively, for the year just ended. If

Evgesh-ka [11]

Answer:

A,. 13.33%.

Explanation:

Return on Investment (ROI) which gives the efficiency of a particular investment

We were given invested capital amounted as $6,000,000, and operating expenses as $5,000,000

We can calculate net income by substracing equal sales revenue from operating expenses

net income can be calculated as = ($5000000-$420000)

= $800000

ROI can be calculated as

net income/Capital investment

$800000/$6000000

=. 13.33%.

4 0

3 years ago

Washington state university lost its football game against notre dame in overtime, when the kicker missed. the kicker got death

erik [133]

Scapegoat theory - apex

4 0

3 years ago

Read 2 more answers

To manufacture 3,000 pairs of sandals in a week, a firm can use 3,600 workers and 135 machines or 270 machines and 3,300 workers

Nutka1998 [239]

Answer:

3,600 workers and 135 machines is more technically efficient.

Explanation:

a. For 3,600 workers and 135 machines

Worker technical efficiency = 3,600/3,000 = $120%

Machine technical efficiency = 135 / 3,000 = 4.50%

Average technical efficiency = (120% + 4.5%) / 2 = 62.25%

b. For 270 machines and 3,300 workers.

Worker technical efficiency = 270/3,000 = $9%

Machine technical efficiency = 3,300 / 3,000 = 110%

Average technical efficiency = (9% + 110%) / 2 = 59.50%

Conclusion

Since the average technical efficiency of 62.25% is higher than 59.50%, 3,600 workers and 135 machines is more technically efficient.

8 0

4 years ago

A person whose license has been cancelled or revoked, whether by voluntary action or by disciplinary action of the Board, may af

butalik [34]

Answer:

The appropriate fill-in-the-blank is 05 years. Thus the statement becomes

A person whose license has been cancelled or revoked, whether by voluntary action or by disciplinary action of the Board, may after <u>05</u> years from the effective date of such cancellation or revocation, petition the Board for reinstatement of the license, unless another time is provided in the cancellation or revocation order, or unless no provision was made in the order for reinstatement. This section does not apply to licensees who let their licenses lapse for non-payment of renewal fees or licensees against whom a cancellation or revocation proceeding is not pending before the Board or in any other jurisdiction.

Explanation:

According to the KRS 335.360, A person whose license has been revoked is eligible to apply for reinstatement after 05 years.

4 0

3 years ago