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1 year ago

Identify the impact of each of the given transactions on the accounting equation.

Business

1 answer:

lukranit [14]1 year ago

7 0

Accounting equation impact will be as follows:

1. Grow in both assets and liabilities.

2. Reduce the investors' equity and assets.

3.Both asset growth and asset decline.

4.Boost liabilities while lowering stockholders' equity

More about accounting equation:

The entire assets of a corporation are equal to the total of one's liabilities and shareholders' equity, according to the accounting equation, also known as the balance sheet equation or the fundamental accounting equation.

The assets and liabilities listed on the balance sheet serve as the foundation for any company's financial status, no matter how big or little. The third part of the balance sheet is owners' equity, often known as shareholders' equity. The relationship between these three crucial elements is depicted by the accounting equation.

Complete Question:

Identify the impact on the accounting equation of each of the following transactions.

1.Purchase office supplies on account.

2.Paid secretary weekly salary.

3.Purchased office furniture for cash.

4.Received monthly utility bill to be paid at later time

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Answer:

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3 years ago

Why might the unemployment rate underestimate the underutilization of labor resources? The unemployment rate might underestimat

DaniilM [7]

Answer:

marginally attached staff and part-time staff that hope on getting full-time jobs

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3 years ago

Question 3: Cost terminology in manufacturing firms a) Direct materials include all materials and components only raw materials

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Answer:

1. a. Only major materials and components.

Only the major materials and components are include as direct materials because these are the materials that directly needed for production.

b. Only hourly production workers (aka assembly workers).

The direct labor has to be those people who are directly involved in production which in this case is the assembly workers. Managers and Supervisors are not integral so are not direct labor.

c. Both big items that cannot be traced (e.g., factory rent) and small items that are not worth tracing (e.g., glue, grease).

All other items involved in production should be included as manufacturing overheads including big items and small items that cannot be traced.

Rent for the factory building ⇒ Manufacturing Overhead (OH).

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3 years ago

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irakobra [83]

Answer:

Critique of advertising.

Explanation:

Advertising is a marketing strategy used by organizations or individuals to convince or persuade a consumer to buy their products.

It is used to promote goods and services using a multimedia channel such as television, radio, billboards etc.

Critique of advertising postulates that adverts usually urge or prompt consumers to buy products even when they don't need it.

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3 years ago

Evaluating an advertising campaign is the simplest part of the advertising process because the factors that determine the effect

strojnjashka [21]

It is false that evaluating an advertising campaign is the simplest part of the advertising process because the factors that determine the effectiveness of an ad are limited and clear.

Answer: Option B

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While evaluating the campaign of the advertisement, there are a lot many factors that are to be kept in mind by the company so that the consumers can know about the product.

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