1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dem82 [27]
3 years ago
7

Mr. Decker invested $20,000 in cash in his new business. How does the company record the investment?

Business
1 answer:
Rudiy273 years ago
8 0

Answer:

The company records the investment by the entry:

(D) debit Cash and credit Owner's Equity

Explanation:

Mr. Decker invested $20,000 in cash in his new business. He is the Owner of the company.

In the case, the company that he invested received cash from Mr. Decker.

The company will record the increasing in cash and increasing in Owner's Equity account by the journal entry:

Debit Cash $20,000

Credit Owner's Equity $20,000

You might be interested in
At the start of football season, the ticket office gets very busy the day before the first game. Customers arrive at the rate of
ipn [44]

Answer:

(a) 3.2

(b) 10 minutes

(c) 0.8

Explanation:

Mean number of customer in service:

= Arrival rate ÷ service rate

= 24 in 60 min ÷ 30 in 60 min

= 24 ÷ 30

= 0.8

a) Average number of people in line:

= (Mean number of customer in service × arrival rate) ÷ (Service rate - arrival rate)

= 0.8 × (24 ÷ 6 )

= 3.2

b) Average time spend at the ticket office is = 10 minutes

c) Proportion of time server is busy:

= Arrival rate ÷  service rate

= (24 in 60 min ÷  30 in 60 min)

= 24 ÷ 30

= 0.8

7 0
3 years ago
Abraham has just purchased his first car. His bank, First State Bank, loaned him the money to buy the car and has required him t
fenix001 [56]

Answer:

Collision

uninsured motorist

comprehensive

liability coverage

Explanation:

From the question, we are informed about Abraham who has just purchased his first car. His bank, First State Bank, loaned him the money to buy the car and has required him to purchase insurance to protect the car as the collateral for the loan. In this case the basic types of coverage Abraham should buy to satisfy the bank requirement and to best protect himself from the risks of operating an automobile are;

✓ uninsured motorist

✓comprehensive

✓liability coverage

Insurance is very essential in protecting an individual or firm from any form of financial loss, it can be regarded as a kind of risk management and it is way to avoid uncertain loss. Then if Adam could buy the coverage he will be protected from loss in future.

3 0
3 years ago
Fleesum recently began using cross-functional teams. Dee wants to make sure the teams collaborate effectively, but also wants to
Mariulka [41]

Answer:

use a skill-based pay plan for the teams.

Explanation:

Based on this scenario it can be said that the best method for Dee to use would be a skill-based pay plan for the teams. A Skill-based pay (SBP) is a unique compensation method that is designed to reward individual employees with additional pay in exchange for formal certification of the employee's mastery of skills, knowledge, and/or competencies. This will promote individual initiative without suppressing a cooperative work environment.

8 0
3 years ago
When Kira graduated with a degree in computer science, she started her software company. On her first day of operations, she pos
kobusy [5.1K]

Answer:

Her expectation that all her employees would adhere to the laws applicable to the business

Explanation:

By adhering to the laws applicable to her business, and expecting that her employees would follow suit, helped to protect the business from the liability related to breaching laws. Moreover, operating within the legal requirements serves as the first step towards operating as an ethical firm.  

7 0
3 years ago
Georgie is taking a chemistry class, where different liquids must be combined in specific amounts in order to produce an end pro
deff fn [24]

Answer:  d.       formal operational

Choices given in the question are:

a.      Latency

b.       trust vs. mistrust

c.        concrete operational

d.       formal operational

Georgie exhibits the major characteristics of a formal operational stage of cognitive development as per Piaget. This stage is characterized by the individual able to think abstractly and understand the form or structures of a problem. Georgie understands that in the experiment,  he must combine specific amounts of each ingredient and not just pour in them to create the right mixture

8 0
3 years ago
Other questions:
  • The ultimate source of an organization's culture is Group of answer choices A. Its top management Its environment B. The country
    10·1 answer
  • Prime and Conversion Costs Identify the following costs as a prime cost (P), conversion cost (C), or both (B) for a magazine pub
    11·2 answers
  • Taylor Company has current sales of 1,000 units, which generates sales revenue of $190,000, variable costs of $76,000 and fixed
    9·1 answer
  • What are the objectives of business​
    8·1 answer
  • Suppose you decided to open a copy store. You rent store space (signing a one year lease), and you take out a loan at the local
    15·1 answer
  • Suppose a student graduates from college with a civil engineering degree and is now employed to grade papers,
    5·1 answer
  • A holder in an investment.
    6·2 answers
  • Under GASB standards, financial information useful for assessing operational accountability is primarily reported in which finan
    8·1 answer
  • Which of the following documents will a bank issue in order to secure a loan with your personal assets? A Guarantee and surety a
    12·2 answers
  • Guys please help, List the economic activities to delivering evening news bulletin to your television or radio​
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!