PLEASE HELP!! What is the answer for the fill in the blank?? The options are

Matador company purchases $1,300 of equipment from danger mouse inc. For cash the effect on the components of the basic accounti

charle [14.2K]

Danger Mouse Inc. sells $1,300 worth of equipment to Matador Company. The effect of cash on the elements of the Matador Company's fundamental accounting equation is that the total assets remain unchanged.

How much are total assets?

Current assets and non-current assets, often known as fixed assets, are divided up into total assets.
Short-term assets known as current assets are utilised to cover current liabilities.
Long-term assets known as fixed assets are employed by businesses to produce revenue and profits.
This transaction results in a $1,300 drop in the cash balance and a $1,300 rise in fixed assets, leaving the total assets unchanged.
The entry is as follows:

General Journal Debit Credit

Equipment $XX

Cash $XX

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4 0

2 years ago

Due to the unique nature of this product, tom and melody have decided to develop a half-hour tv program to demonstrate the benef

Ber [7]

It is hoped that this Integrated Marketing Communication program will provide a great start in the market.

It is an idea of showcasing interchanges arranging that perceives the additional estimation of the extensive arrangement that assesses the key parts of an assortment of correspondence disciplines. It consolidates all components of advancement blend into one thorough and bound together procedure. The thought is to utilize every single limited time device and assets to make a brand picture.

7 0

3 years ago

BARSIC [14]

Answer: The answer is $128,000

Explanation:

$ $ $ $

Selling price. 180,000. 140,000. 120,000. 60,000

Less 10% commission 18,000. 14,000. 12,000. 6,000

-------------- -------------- --------------- -------------

162,000. 126,000 108,000. 54,000

Less cost. 128,000. 133,000. 90,000. 45,000

--------------- ---------------- --------------- ----------------

34,000 (7,000) 18,000. 9,000

Add: replacement cost 120,000. 130,000 110,000. 41,000

------------------ --------------- --------------- --------------

Inventory 154,000. 137,000. 128,000. 50,000

----------------------- ----------------- ------------------ -----------------

3 0

3 years ago

Bodacious Corporation produced 100 units of Product AA. The total standard and actual costs for materials and direct labor for t

Novay_Z [31]

Answer:

Labor Rate Variance:

= Actual direct labor hours × (per actual direct labor hour price - per Standard direct labor hour price)

= 368 × (16.50 - 15)

= $552 U

Labor Efficiency Variance:

= Per Standard direct labor hour price × (Actual direct labor hours - Standard direct labor hours)

= 15 × (368 - 400)

= $480 F

The journal entry to record labor variances is:

Work in process A/c Dr. $6000

Labor rate variance A/c Dr. $552

To Labor efficiency variance $480

To Payroll $6,072

(To record labor variances)

3 0

4 years ago

. You have room for up to two fruit-bearing trees in your garden. The fruit trees that can grow in your garden are either apple,

Alina [70]

Answer:

you should have 2 apple trees

Explanation:

you can have savings costs net payoff

no tree at all 0 0 0

1 apple tree $130 $100 $30

1 orange tree $90 $70 $20

1 pear tree $145 $120 $25

2 apple trees $260 $200 $60

2 orange trees $180 $140 $40

2 pear trees $290 $240 $50

1 apple + 1 pear tree $275 $220 $55

1 apple + 1 orange tree $220 $170 $50

1 orange + 1 pear tree $235 $190 $45

8 0

3 years ago