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WITCHER [35]
1 year ago
14

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:

brainly.com/question/14467641

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3 years ago
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Judy works at the headquarters of an online shoe store. She is a member of the advertising team, which is a team within the mark
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Answer:

a.A staff department

Explanation:

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2 years ago
last year minden company introduced a new product and sold 15,000 units of it at a price of $70 per unit. the product's variable
Inga [223]

A company is a legal entity formed by a group of individuals to engage in and operate a business commercial or industrial enterprise. A company may be organized in various ways for tax and financial liability purposes depending on the corporate law of its jurisdiction.

Present Yearly Net operating income (loss)

(Units * CM Per unit)-Fixed cost

Units Sales 415000|

[Selling Price Per Unit 70

\Variabel Expense Per unit 40|

Fixed Expenses 540000]

Compute the CM ratio

Selling Price Per Unit 70.00

Variable Expense Per unit 40.00

Contribution Margin per unit ( Selling Price - Variable Cost) 30.00

Ico Ratio =( CM/Selling Price) 42.857%

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5 0
1 year ago
One argument for the growing income gap between the unskilled and skilled workers in America is that unskilled workers are _____
Lapatulllka [165]

Answer:

The correct answer is b. substitutes, complements.

Explanation:

One argument for the growing income gap between the unskilled and skilled workers in America is that unskilled workers are <u>substitute</u>s with technology and skilled are <u>complements</u> with technology.

3 0
3 years ago
A seller (or provider) of goods or services to a business organization, usually a manufacturer or wholesaler, is known as a:
Hatshy [7]
He is known as a VENDOR. A vendor is a part of the supply chain, he makes goods and services available to companies and consumers. Companies typically provide a vendor with purchase order which clearly states the products that the company wants to buy, the number of units needed, the price, the delivery date and other specifics.
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3 years ago
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