Answer:
Impact of $2,000 sale on accounting equation is as follow:
Accounting Equation
Asset = Equity + Liabilities
Cash+2000 Sales+2,000 No Effect
As cash an asset for the business, so the receipt will increase the balance of assets of the company. The revenue is ultimately adjusted to equity in the form of net income after deducting all the expenses. This transaction will result in increase of equity balance by the sale amount.
Explanation:
The Following journal Entry will support my answer:
Sales amount = 2,000
As this transaction is made on cash basis the following Journal entry will be recorded for this event.
Dr. Cr.
Cash $2,000
Sales $2,000
Answer:
b. $17600
Explanation:
The computation of the amount of depreciation expense for the year 2022 is shown below:
But before that first we have to find out the per hour rate which is
Units-of-production method:
= (Original cost - residual value) ÷ (estimated production)
= ($216,000 - $40,000) ÷ (55,000 hours)
= ($176,000) ÷ (55,000 hours)
= $3.2 per hour
Now for the 2022 year, it would be
= Machine runs in 2022 year × depreciation per hour
= 5,500 hours × $3.2
= $17,600
Answer:
B. What is the most effective allocation?
Explanation:
Economics is the social study of how society allocates its limited resources to meet the unlimited need of its members. It involves the distribution of scarce resources to various sections of the community to meet different wants. Economist's primary concern is the efficient use of the available resources to achieve maximum benefits.
Economics will involve making decisions on the use of available resources. Economists will calculate the opportunity cost in every situation before making a decision. The purpose of finding the opportunity costs to determine the most effective ways of allocating resources.
Answer:
C). Theory Z
Explanation:
'Theory Z' proposed by William Ouchi was the management technique that gained popularity during the 1980s. The approach is basically a blend of 'Japanese as well American philosophies of management' in order to promote a greater extent of job security, enhanced productivity, and a great degree of employee satisfaction and self-esteem. This theory drastically helped in bringing a downfall in turnover of employees and enhanced productivity. Thus, <u>option C</u> is the correct answer.
One would be getting out of credit card debt.
<span>another would might be having a savings account in case you lose a job.</span>
