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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

Learn more about accounting equation here:

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Use this information to answer the next question. What is the unemployment rate for this nation? All numbers are in millions: Po

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33.33%

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3 years ago

Adidas Corporation bases its selling and administrative expense budget on budgeted unit sales. The sales budget shows 3,600 unit

meriva

Answer:

The cash disbursements for selling and administrative expenses should be $45,520

Explanation:

The selling and administrative (S&A) expenses have two parts: a variable one and a fixed one.

The variable part depends on how many units have been sold. So, if the variable S&A expense per unit is $4.1, and 3,600 units are planned to be sold, the total variable S&A expense should be $3,600 * 4.1 = 14,760$
The fixed part does not depend on the units sold. It remains the same no matter how many units have been sold. Yet, it includes depreciation of $5,100. The depreciation does not represent an exit of money. It isn't part of the cash flow. So, the total fixed S&A expenses should be $35,860 - 5,100 = 30,760$
Finally, the total S&A expenses should be $14,760 + 30,760 = 45,520$

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3 years ago