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
Swordfish Corporation reported pretax book income of $1,000,000. During the current year, the net reserve for warranties increas
oee [108]

Answer:

<h2>net deferred tax benefit  42.500 </h2>

Explanation:

increase in warranty reserve  25.000

excess book depreciation  100.000

total  125.000

x tax rate 0.34

<h2>net deferred tax benefit  42.500</h2><h2></h2>

*The reported pretax book income of $1,000,000 is not considered

5 0
3 years ago
T/F There may be occasional reasons to go into debt, like real emergencies.
s2008m [1.1K]
True, but could you elaborate on this ?
4 0
3 years ago
Walmart stores in northern illinois have gone to a _________, where management works four 10-hour days, and has four days off.
Ne4ueva [31]
The answer to this question is a Compressed work week.

Compressed work week is a work schedule where the employees can work by compressing the work schedule from the traditional number of working days. This also means that the employee's work week is reduced to less than 6 days. Compressed work week also gives benefit to an employee for having an additional day off.
3 0
4 years ago
Small groups of consumers that interact with products or services and give their feedback based on their experiences are known a
babymother [125]

Answer:

B. Focus group

Explanation:

Use series of elimination on this one.

Test subjects- No

Market Research Audience- Those are people that watch the tests that you will conduct with your focus group.

Survey takers- Too simple.

Hope that I could help you!

5 0
3 years ago
The partnership of James and Jose agree that the partners will share profits and losses in a 80% to 20% ratio, respectively. Ass
guajiro [1.7K]

Profits should be divided among the partners according to their share of the ownership, as specified in their partnership agreement.

<h3>The partnership agreement</h3>

A partnership is an arrangement between two or more people to oversee business operations and share its profits and liabilities. In a general partnership company, all members share both profits and liabilities. Professionals like doctors and lawyers often form a limited liability partnership.

If there is no written or oral agreement among the partners, then under common law, each partner is to receive equal profits and losses.

The ability of each partner to bind the partnership to contracts is called mutual agency.

To learn more about  partnership agreement visit the link

brainly.com/question/27245732

#SPJ4

4 0
2 years ago
Other questions:
  • You and a coworker have been trying to develop a linear equation that describes the local household consumption function. Your c
    5·1 answer
  • Select the correct answer.
    8·1 answer
  • Brookman Inc's latest EPS was $2.75, its book value per share was $22.75, it had 315,000 shares outstanding, and its debt ratio
    6·2 answers
  • BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $128,400 paid to its employee, and FICA Medicare
    6·1 answer
  • What are durable goods?
    7·1 answer
  • Which type of organization expects important decisions to be made by top-level managers?
    12·1 answer
  • Explain how leveraging an IS solution can help Soliel Panel Distribution achieve operational efficiency.
    11·1 answer
  • .. What is the legal maximum speed limit permitted when driving in a residential area of the community?
    10·1 answer
  • This credit account carries a temporary low introductory rate (teaser rate) of_________%. This teaser APR applies to purchases m
    8·1 answer
  • The manager of a fashionable restaurant open Wednesday through Saturday says that the restaurant does about 26 percent of its bu
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!