1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dybincka [34]
2 years ago
7

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
In which industry would customer evaluations of employee performance be the most useful?
irina [24]

In service sector industry would customers evaluation of employee performance be the most useful.

This activity happens in the service sector industry, where customers evaluate the employee performance. When positive reviews are shared then this boosts staff morale.

So seeing this their actions have a beneficial impact on the lives of the customers can be very motivating. So, to gain real-world knowledge of how your employee and organization is viewed by your customer, the best advantage is securing customer evaluation.

Hence, without this knowledge, you will have little proof that your internal human resources controls affect the business, either negatively or positively.

To learn more about service sector here:

brainly.com/question/13068979

#SPJ4

3 0
2 years ago
Because there are a significant number of "green-conscious" consumers, it is a legitimate market segment for many companies that
Vsevolod [243]

Answer:

True

Explanation:

Market segments are <u>customer groups, based on common characteristics people within each group share</u>, such as; age, sex, geographic location, race, religion.

The significant increase in the number of green (or environment) conscious consumers make it a legitimate market segment that can be targeted by companies.

3 0
3 years ago
Which of the following statements is true? A) Assets with lower levels of market risk will sell for higher prices. B) Assets wit
kap26 [50]

Answer:

C) Assets with higher levels of market risk will sell for higher prices.

Explanation:

The Capital Asset Pricing Model (CAPM) is a term that explains the connection between systematic risk and expected return for assets, specifically on stocks.

Thus, investors expect to be repaid for risk and the time value of money they put in. This is depicted with the formula = ERi = Rf + Bi (ERm - Rf)

Where ERi = expected return of investment

Ri = Risk-free rate

Bi = Beta of the investment

ERm - Rf = market risk premium

Hence, it is assumed that, Assets with higher levels of market risk will sell for higher prices.

5 0
2 years ago
Entry for Uncollectible Accounts Performance Bike Co. has determined that the proper balance for the Allowance for Doubtful Acco
Cerrena [4.2K]

Answer: This transaction can be Journalized as follows :-

December 31.       Bad debt expense A/C Dr.  $46,074

                                        To allowance for doubtful accounts $46,074

                               (adjusting allowance account to total uncollectibles)

Explanation:

bad debt expense = doubtful accounts debit balance + desired balance for doubtful accounts

                              = $39044 + $7030

                              =$ 46,074

8 0
3 years ago
Information related to Harwick Co. is presented below. 1. On April 5, purchased merchandise on account from Botham Company for $
Ber [7]

Answer:

Explanation:

The journal entries are shown below:

On April 5

Inventory A/c Dr $23,000

     To Account payable A/c $23,000

(Being the inventory purchased is recorded)

On April 6

Inventory A/c Dr $900

   To Cash A/c $900

(Being the freight cost is paid)

On April 7

Equipment A/c Dr $26,000

    To Account payable A/c $26,000

(Being the equipment is purchased on credit)

On April 8

Account payable A/c Dr $3,000

  To Inventory A/c $3,000

(Being the returned inventory is recorded)

On April 15

Account payable A/c Dr $20,000   ($23,000 - $3,000)

    To Inventory A/c $400     ($20,000 × 2%)

    To Cash A/c $19,600

(Being the amount due is paid)

4 0
3 years ago
Other questions:
  • Standlar Company makes and sells wireless speakers. The price of the standard model is $360 and its variable expenses are $210.
    12·1 answer
  • Danielle has $127.02 in her account before making any transactions. Over the course of a week, Danielle makes the following tran
    5·2 answers
  • Which strategy is an effective way to manage risk? A. documenting and sharing risk management procedures B. renouncing changes i
    13·2 answers
  • Develop an arithmetic example that illustrates how a nation could have an absolute disadvantage in the production of two goods a
    7·1 answer
  • Observe any person working in a business endeavor and Identify up to five skills and qualities this person possesses.
    12·1 answer
  • Toys R Fun purchased $4,000 of merchandise for resale and paid immediately. To record this transaction, Toys R Fun's accountant
    8·1 answer
  • accounting Which organization has the authority over the accounting and financial disclosures for companies whose shares of owne
    15·1 answer
  • What is the value of a stock which has a current dividend (D0) of $1.50, and is growing at the rate of 7%
    7·1 answer
  • Spring is here, and Brian and his grandfather would like to go fishing for the weekend in Vermont. Brian could either go to the
    7·1 answer
  • Implementing the closure process includes several _______ activities, including getting delivery acceptance from the customer.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!