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kramer
3 years ago
15

Selected transactions for Spring-Green Lawn Care Company are listed below.

Business
1 answer:
Xelga [282]3 years ago
4 0

Answer:

1. Sold ordinary shares for cash to start a business.  - Increase in assets and Increase in equity

2.Paid monthly rent.  - Decrease in assets and decrease in equity

3.Purchased equipment on account.  - Increase in assets and Increase in liabilities

4. Billed customers for services performed.  - Increase in assets and Increase in equity

5.Paid dividends.  - Decrease in assets and decrease in equity

6. Received cash from customers hilled in (4). - No effect

7.Incurred advertising expense on the account.  - Increase in liabilities and a decrease in equity

8.Purchased additional equipment for cash.  - No effect

9. Received cash from customers when service was performed. - Increase in assets and Increase in equity

Explanation:

The accounting equation shows the relationship between the elements of a balance sheet which are assets liabilities and equity. This may be expressed mathematically as

Assets = Liabilities + Equity

While assets include fixed assets, cash, inventories, account receivables etc, liabilities include accounts payable, loans payable, accrued expenses etc.

Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.

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This individual has experienced structural mobility

Structural mobility:

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In the first half of the twentieth century, industrialization expanded the U.S. economy, raising the standard of living and leading to upward structural mobility. In today’s work economy, the recent recession and the outsourcing of jobs overseas have contributed to high unemployment rates. Many people have experienced economic setbacks, creating a wave of downward structural mobility.

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4 0
1 year ago
(LaVilla) LaVilla is a village in the Italian Alps. Given its enormous popularity among
garri49 [273]

Answer:

  a) 120 skiers per day

  b) 6.25% increase in revenue

Explanation:

a) If the average skier stays 10 days, the average turnover is 1/10 of the skiers per day, or 1200/10 = 120 skiers per day.

__

b) For a stay of n days, the average skier spends ...

  50 +(n-1)30 = 20 +30n

and the average spending per day is ...

  (20 +30n)/n = (20/n) +30

So, for a 10-day stay, the average skier spends in restaurants ...

  20/10 +30 = 32 . . . . per day

And for a 5-day stay, the average skier will spend ...

  20/5 +30 = 34 . . . . per day

The change in restaurant revenue is expected to be ...

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Restaurant revenues will be 6.25% higher compared to last year.

8 0
2 years ago
Suppose that the price of a rental car (Prc) is $50 while the price of a flight (Pfl) is $85. Also, suppose that the marginal ut
Masteriza [31]

Answer:

Consumers should choose to take the flight.

Explanation:

The price of a rental car = $50

Marginal utility from the car = 20 utils

Now find the per dollar utility from car = $50 / 20 = 2.5

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Now find the per dollar utility from flight = $85 / 30 = 2.83

Since the per dollar, MU is greater in the case of flight so consumers should choose to take the flight.

6 0
3 years ago
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Answer:

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<span>Combatants provide security and do the actual fighting. </span>
7 0
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