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]
2 years ago
7

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

Business
1 answer:
Rudiy272 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
Why should a manager in an international business care about the political economy of free trade or about the relative merits of
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.

6 0
3 years ago
The short-run aggregate supply curve shows: a. Changes in output in an economy as the price level changes, holding all other det
Neporo4naja [7]
<h3>The short-run aggregate supply curve shows the relationship between the price level and aggregate expenditure </h3>

Explanation:

A short-run aggregate supply curve (SRAS) is a graphical model that shows the positive relationship between aggregate price level and aggregate production amount supplied in an economy. The short-run aggregate supply curve is sloping upward as the supplied quantity increases as the prices increase.

The short-run aggregate supply curve captures the relationship between the actual output and the price level. True production becomes bigger as the price level increases. As the price level decreases, actual production decreases too.

8 0
2 years ago
Match each of the following contract principles to the statement that best fits it: A. bargained-for exchange of value to the pa
AnnZ [28]

Answer:D.both parties to the contract agree on the contract terms

A.bargained-for exchange of value to the parties

C.parties' negotiated understanding of terms and intent that lead to the contract

B. the subject matter of the contract does not violate law or public policy

Explanation:D A C B 1.consideration

D A C B 2.mutal Acceptance

D A C B 3. Legality

D A C B 4. Agreement

8 0
2 years ago
A process cost accounting system is most appropriate when
mixer [17]

Answer:

When Manufacturing of a Product involves several processes.

Explanation:

When several processes are involved in manufacturing a product, costs need to be accumulated in these processing departments. Thus, A process cost accounting system is most appropriate

4 0
2 years ago
A production possibilities​ frontier: A. shows how unlimited wants exceed the limited resources available to fulfill those wants
solong [7]

Answer:

The correct answer is C. Shows the maximum attainable combinations of two goods that may be produced with available resources.

Explanation:

The Production Possibilitiy Frontier (PPF) shows the most optimal usage of a a limited amount of resources to produce two separate goods and obtain the maximum production output possible. This theory is applicable only to the production of 2 products and demonstrates the concept of cost of opportunity. Producing more of one of the products means producing less of the other, as the resources are scarce.

4 0
3 years ago
Read 2 more answers
Other questions:
  • The government has just voted to repair the parking garages to all federal building and estimate the cost to be $750,000. the go
    8·1 answer
  • Roger Rabbit Enterprises is considering whether to discontinue a division that generates a total contribution margin of $66,000
    6·1 answer
  • Turkey Hill Motor Homes currently sells 1,200 Class A motor homes, 2,600 Class C motor homes, and 4,000 pop-up trailers each yea
    12·1 answer
  • You must carefully watch for bicycles in traffic lanes because they:
    12·1 answer
  • According to the rule of 72, if you have $15,000 in an account that grows at the rate of 12 percent annually, it will take appro
    9·1 answer
  • Skysong Company signed a long-term noncancelable purchase commitment with a major supplier to purchase raw materials in 2021 at
    6·1 answer
  • The lower the ___, the less interest you will pay.
    11·1 answer
  • The short-run effects of an increase in the expected price level include a. a lower level of output and a lower price level. b.
    14·1 answer
  • Kayak Co. budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash p
    5·1 answer
  • Which descriptions offer examples of Health, Safety, and Environmental Assurance workers? Check all that apply.
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!