Based on the information given the account that are affected is:
- $500 decrease in liabilities
- $500 decrease in assets.
<h3>Accounts that are affected</h3>
Assuming the company paid its suppliers the amount of $500 that it owed for the pizza pans they purchased and received in the month of April. Hence, liabilities account will decrease by $500 while the assets account will decrease by $500.
Thus:
- $500 decrease in liabilities
Inconclusion the account that are affected is:$500 decrease in liabilities, $500 decrease in assets.
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Answer:
It is the blend of marketing strategies for product, price, distribution, and promotion
Explanation:
Marketing mix describes strategies used by a company to promote its brand or product. A marketing mix is made up of Price, Product, Promotion and Place.
Answer: True
Explanation:
Something that has caught the attention of many has been how electronic money has been used in countries like Kenya and Somalia. A study has confirmed that the use of mobile money has reduced poverty in places like Kenya. Mobile money is defined as money where people can make financial transactions through their phones.
This type of activity has greatly influenced poverty reduction and the high rates that occurred when people had to send money over certain distances. In countries like Somalia, there are no longer any traces of physical money, everything is virtual. In this way, the country has achieved economic stability for years. People increasingly consume through their mobile phones, making in an easier way all kind of payments.
Answer:
c. $45,000 liability
Explanation:
Fair Value of Plan Asset = Return on asset + employer contribution - Benefit paid
= $22,000 + $40,000 - $0
= $62,000
Projected Benefits Obligation = Service cost + interest cost
= $17,000 + $40,000
= $57,000
Pension asset / (liability) = Opening pension asset/ Liability + Plan asset - Projected Benefit Obligation - Amortization
= $2,000 + $62,000 - $57,000 - $52,000
= -$45,000
= $45000 Pension Liability
