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
Julli [10]
2 years ago
10

If a company uses $1,600 of its cash to purchase supplies, the effect on the accounting equation would be:_________

Business
1 answer:
Nat2105 [25]2 years ago
4 0

If a company uses $1,600 of its cash to purchase supplies, the effect on the accounting equation would be one asset increases $1,600 and another asset decreases $1,600, causing no effect.

<h3>What is an accounting equation?</h3>

The relationship between a person's or company's assets, liabilities, and owner's equity are represented by the basic accounting equation, often known as the balance sheet equation. It serves as the system's cornerstone. The sum of the debits and credits for each transaction is equal.

Stockholders' equity is referred to as capital in corporations. Since every business transaction impacts at least two accounts, the accounting equation will always be "in balance," which means the left and right sides of a company's balance sheet should always be equal.

To know more about accounting equations visit:- brainly.com/question/14689492

#SPJ4

You might be interested in
The ramp at railways station has a rough surface. but Why
Andrei [34K]

Answer:

The ramp on a railway station has a rough surface to increase friction so that we do not slip while walking on it. If the surface is smooth, then the frictional force between the ramp and the feet becomes less and the chances of slipping are greater

8 0
3 years ago
Match the terms with the appropriate definition.
Bond [772]
1.) data
2.)aptitude
3.)skill
4.)personality trait
5.)intrapersonal
6.) learning style
8 0
3 years ago
Monopolistic competition resembles pure competition because:
OleMash [197]

Answer:

The correct answer is D.

Explanation:

Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another as goods but not perfect substitutes (such as from branding, quality, or location). In monopolistic competition, a firm takes the prices charged by its rivals as given and ignores the impact of its own prices on the prices of other firms.

Monopolistic competitive markets:

have products that are highly differentiated, meaning that there is a perception that the goods are different for reasons other than price;

have many firms providing the good or service;

firms can freely enter and exits in the long-run;

firms can make decisions independently;

there is some degree of market power, meaning producers have some control over price; and

buyers and sellers have imperfect information.

7 0
3 years ago
You have an insurance policy with a $300 premium and a $500 deductible. How much should you expect to pay the insurance company
Aleksandr [31]
<h3>Hello there!</h3>

Your question asks how much you would be paying for insurance with the information given.

<h3>Answer: $300</h3>

The reason why your answer would be $300 is because that's the premium that you would be paying for. The "premium" means the amount you're paying for coverage. The premium could have different coverages that make up the price. The insurance would cover the liabilities that you might have.

People tend to get confused with deductibles. You don't pay monthly for deductibles. Deductibles are a payment that someone needs to pay before an insurance company starts paying for your needs that your coverage provides. For example, if I brake a bone, I would first pay the $500 deductible before the Insurance company starts covering my costs. This is the ensure that the insurance company gets some type of money before they start helping you.

<h3>I hope this helped you out!</h3>
8 0
3 years ago
Find Quizmo, the InQuizitive alien, in the upper left-hand corner of the screen. Quizmo is thinking of an African animal’s commo
Semenov [28]

Answerllllllllllllll:

Explanation:

5 0
3 years ago
Other questions:
  • An escrow to purchase property was opened on September 1, 2005, and all instructions were placed in escrow, with closing schedul
    13·1 answer
  • Copper Corporation, a C corporation, had gross receipts of $25 million in 2015, $26 million in 2016, and $23 million in 2017. Go
    11·2 answers
  • Waterway Company reports the following financial information before adjustments. Dr. Cr. Accounts Receivable $145,600 Allowance
    7·1 answer
  • The following occurred during 20X1. A $35,000 note payable was issued. Land was purchased for $50,000. Bonds payable (maturing i
    15·1 answer
  • The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed long-term debt of $1.87 million, and the 2018 balance sheet showed
    6·2 answers
  • Is it good or bad to have lots of layers in a business<br> and why? What can be done?
    14·1 answer
  • When a company tries to get consumers curious about a product so they will want to gather more information about it, which step
    10·1 answer
  • Forecasts are the foundation of the planning process. There are many methods available but the trick is to find the one that fit
    5·1 answer
  • Successful small business owners are: Group of answer choices not good sources for information on starting your own business bec
    13·1 answer
  • If a nation has gdp of $12,500 billion and gdp per capita of $62,500, what is the nation's population?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!