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kramer
2 years ago
9

Hargrave professional group performs legal services on account. what is the effect of this transaction on the balance sheet equa

tion for hargrave?
Business
1 answer:
r-ruslan [8.4K]2 years ago
8 0

Hargrave professional group performs legal services on account. The effect of this transaction on the balance sheet equation for Hargrave is Increase in assets.

<h3>What is Asset?</h3>

An asset is considered a resource of the business which has an economic value in the future of the business and helps business activities to take place smoothly.

Hargrave professional group performs legal services on account which reflects the Buying and sales of goods and services on credit. So this refers to the incoming cash in the business which indicates the effect of this transaction on the balance sheet equation for Hargrave is an Increase in assets.

Learn more about Asset, here:

brainly.com/question/14404094

#SPJ4

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A researcher sends a link to an internet based survey to every student at their university and encourages each to send the link
Anna007 [38]

Answer:

The answer is: snowball sampling technique

Explanation:

Snowball sampling is used when researchers (or research participants) recruit other participants for a study. Usually it is used when participants are hard to find. The term snowball refers to the idea that once the snowball starts rolling, it will begin to pick up more snow on the way down, increasing in size.

3 0
3 years ago
Union Local School District has bonds outstanding with a coupon rate of 2.9 percent paid semiannually and 24 years to maturity.
SpyIntel [72]

Answer: $4,642.37

The price of the bond is $4,642.37

Explanation:

Using the price of bond formula :

C × 1 - (1+r) *-n / r. + F / (1+r)*n

C = coupon rate = 2.9% of 10,000

= $290

n = 24years...... years to maturity

F = $10,000...... Face value/par value

r = yield to maturity = 3.4% = 0.034

Price of bond =

290 × 1–(1+0.034)*-24 /0.034

+ 10,000 / (1.034)*24

290× 1 - (1.034)*-24 / 0.034

+ 10,000 / (1.034)*24

290 × (1 - 0.448236347)

+ 4,482.36347

160.011459 + 4,482.36347

Price = $4,642.37 as the price of bond.

5 0
3 years ago
Read 2 more answers
46) According to the capitalistic view, the primary goal of an organization is to<br> ?
bixtya [17]

Answer:

maximize shareholder wealth

Explanation:

4 0
3 years ago
Gig Harbor Boating is the wholesale distributor of a small recreational catamaran sailboat. Management has prepared the followin
ANEK [815]

Answer:

Budgeted Income Statement for the year

Sales (820 units × $ 2,130)                            $1,746,600

Less Cost of Sales (820 units × $ 1,500)    ($1,230,000)

Gross Profit                                                       $516,000

Less Operating Expenses :

Selling and administrative expense

Variable (820 units ×  $ 75)                              ($61,500)

Fixed                                                               ($400,000)

Operating Profit                                                 $54,500

Less Non - Operating Expenses :

Interest                                                            ( $29,000)

Net Income / (Loss)                                           $25,500

Explanation:

Income Statement shows the company`s performance from its operations.

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4 0
3 years ago
Which of the following factors, by itself, requires a corporation to comply with the reporting requirements of the Securities Ex
Ludmilka [50]

Answer:

d.Shares listed on a national securities exchange.

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For it to achieve its objectives, the securities exchange act contains mandatory disclosure requirements that ensure investors have access to relevant and accurate information to make decisions. The disclosures have to be made at crucial times to aid in investment decisions. All companies listed in the stock exchange are required to abide by the requirements of the exchange act.

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3 years ago
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