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Tpy6a [65]
3 years ago
6

Ocean Breeze Co. paid $500 cash for expenses related to advertising for the period. Which of the following shows how this event

will affect the company’s accounting equation? The letters ""NA"" indicate that the component of the equation is not affected.
Business
1 answer:
Simora [160]3 years ago
3 0

Answer:

($500) = NA + NA + ($500)

Explanation:

In this question, the following accounting equation is used

Assets = Liability + common stock + retained earnings

As in the transaction, it is given that $500 cash is paid for advertising expense, so this event would be affecting the accounting equation for asset and the retained earning account i.e

($500) = NA + NA + ($500)

As cash is paid which reduces the asset balance plus the retained earning balance is also get reduced by $500

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Hyperinflations tend to occur when
sladkih [1.3K]

Answer:

C) Central banks finance large government budget deficits

Explanation:

Hyperinflation is when general price level rise at accelerating high rates. This leads to loss in real value of currency, people tend to substitute it by other stable currency holdings.

An important cause of Hyperinflation is Deficit Financing. This means government generating funds, by bank issuing (printing) new currency. It is done to cover the deficit, the excess of government expenses over its revenues.

Increase in currency money supply, by borrowing from central bank - raises Aggregate Demand & general price level at a very rapid rate, i.e Hyperinflation

8 0
3 years ago
"GDP per capita" means that the GDP is calculated per
joja [24]

When GDP is said to be per capita, it means that GDP is being calculated <u>per person. </u>

<h3>What is GDP per capita?</h3>

This refers to the Gross Domestic Product of a nation being divided by the number of people in that nation.

This measure is used to show the productivity of the people in the nation such that a higher figure means that the citizens are more productive.

Find out more on GDP per capita at brainly.com/question/18414212.

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7 0
2 years ago
Quanti Co., a calendar-year taxpayer, purchased small tools for $5,000 on December 21, Year 1, representing the company’s only p
Jlenok [28]

Answer: Option A is the right answer

Explanation:  Evidences in most cases has shown that MACRS  is all about applying convention for one and a half year on assets. So when an entities owns 35-40% of an asset in forth quarter, Mid quarter convention will  be applied for only one half of the last quarter, logically one and half month in the last quarter.

6 0
4 years ago
A reserve price is a minimum price set by the auctioneer. If no bidder is willing to pay the reserve price, the item is unsold a
Marina86 [1]

Answer:

Reserve price = $55

Expected revenue with a reserve price = $55

Expected revenue without a reserve price = $55

Explanation:

The auctioneer should set the reserve price siguiente:

Reserve price = ($30x0.5) + ($80x0.5) = $15 + $40 = $55

In the case of the expected revenue with the reserve price, only the bidder who has set a $80 value will pay the reservation fee, then the expected revenue will be the reserve fee of $55.

In the case of the expected revenue without the reserve price, both of the bidders will enter the auction for the item. Since the values are equally probable the expected profit without the reservation fee is equally $55.  

Hope this helps!

8 0
3 years ago
Individual activities and their durations are developed during the ________ phase of the project life cycle.
salantis [7]

Individual activities and their durations are developed during the planning phase of the project life cycle.

<h3>What is a business plan?</h3>
  • A business plan is a document that outlines a company's primary business operations and how it intends to accomplish its objectives.
  • Business plans are used by startup enterprises to gain traction and draw in outside investors.
  • An executive team can utilize a business plan as an internal roadmap to maintain focus on and progress toward short- and long-term goals.
  • Businesses may write a typical business plan that is longer or a lean startup plan that is shorter.
  • An executive summary, sections on products and services, marketing strategy and analysis, financial planning, and a budget should all be included in good business plans.

To learn more about Planning, refer to the following link:

brainly.com/question/27989299

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6 0
1 year ago
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