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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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Answer:

b, c

<u>Explanation</u>:

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2 years ago
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Rudik [331]

Answer:

The answer is explained below

Explanation:

To begin with, the policies that the goverments decide to implement in their countries tend to influece in a huge way the companies decisions and therefore its actions as well. Therefore that as a company manager of an international business he needs to stay very updated about the government policies over the countries where his company works. Moreover, the manager will understand that if there is free trade in a country then there will be no problems for his company to start selling there and obtaining the maximum profits as possible and if there is protectionism then the company will have to deal with the policies that the government implemented there. And that is why that as an international business manager he should really care about the policies of the country's government and if there is free trade of protectionism.

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3 years ago
Pizza is a normal good if the demand:__________
kirill115 [55]

Answer:

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Explanation:

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The other options are not right because a normal good is determined by the way in which the demand of a product behaves when the income increases or decreases.

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Explanation:

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Answer:

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