1. A freelancer's pay may vary from year to year.

The following transactions were completed by the company.

dybincka [34]

Answer:

The impact of each transaction on individual items of the accounting equation:

A. The company completed consulting work for a client and immediately collected $6,200 cash earned.

Assets (Cash + $6,200) = Liabilities + Equity (Retained Earnings + $6,200)

B. The company completed commission work for a client and sent a bill for $4,700 to be received within 30 days.

Assets (Accounts Receivable + $4,700) = Liabilities + Equity (Retained Earnings + $4,700)

C. The company paid an assistant $1,750 cash as wages for the period.

Assets (Cash -$1,750) = Liabilities + Equity (Retained Earnings -$1,750)

D. The company collected $2,350 cash as a partial payment for the amount owed by the client in transaction b.

Assets (Cash +$2,350 and Accounts Receivable -$2,350) = Liabilities + Equity

E. The company paid $840 cash for this period's cleaning services.

Assets (Cash -$840) = Liabilities + Equity (Retained Earnings -$840)

Explanation:

The accounting equation is that assets are always equal to liabilities and equity before and after every business transaction. It is an important principle of accounting and the fulcrum of the double-entry system of accounting. It establishes the two sides to every transaction. It can be used to show the impact of daily business transactions on the assets, liabilities, and stockholders' equity.

7 0

3 years ago

Use the following to answer questions 31 - 32: Ann is the president of the Paper Supply Company. She is thinking about updating

SSSSS [86.1K]

Answer:

31. B) 7,000 & 10,000

32. B) Alternative 2

Explanation:

Volume is 7000 tons :

Alternative 1 costs : $10,000 + (7000 * $10 ) = $80,000

Alternative 2 costs : $20,000 + (7000 * $8 ) = $76,000

Alternative 3 costs : $40,000 + (7000 * $6 ) = $82,000

Alternative 2 is the most cheapest option if the volume is between 7,000 tons to 10,000 tons.

7 0

3 years ago

Question 43 how are the individuals in the group judged to be high in warmth and competence viewed by participants in relation t

Sergio [31]

Individuals in the group judged to be high in warmth and competence viewed by participants in relation to themselves as an in-group.

An in-group is a group of things, people, or other entities that are similar in some way. In-groups, particularly in humans, are defined by beliefs, values, and identities. Within in-groups, there is a shared understanding that group members share some characteristics. Humans, on the other hand, frequently organize items and their lives into in-groups and out-groups without consciously realizing it. This is a neurological shortcut that brains develop over time to assist humans in sorting and categorizing large amounts of information. Depending on the power dynamics and privilege that result from grouping, the outcomes can be negative, positive, or neutral.

An out-group is a group that is distinguished from an in-group by its dissimilarity. Where an in-group is defined by the presence of a shared element of identity, such as a belief or a trait, and an out-group is defined by the absence of that shared element.

Learn more about in-groups and out-groups here:

brainly.com/question/14429597

#SPJ4

6 0

2 years ago

Directional Lock Question #4: This investment is a basic good that can be 5 points

erastova [34]

Answer:

R

Explanation:

3 0

3 years ago

Part 1: Effective Communication

Arada [10]

When you have a prompt asking you to write about "How" you are being asked to write an Explanatory Essay.

<h3>What are the Steps to Writing an Explanatory Essay?</h3>

To write an effective explanatory essay, you must ensure that you first research the topic you have been given from credible sources. Remember that your objective is to educate the reader. The key idea here is to demonstrate effective communication.

A. Part 1 is a 150 to 200-word response. Because you are to write about your experience, there is no use going into theories.

All your essays must contain an introduction, body, and conclusion. Use one paragraph for the introduction, one or two more for the body, and the last for the conclusion.

Your introduction is crucial. It should be very interesting that the reader would like to read to the end.

B. In the body of your essay (which should follow after your introduction) you must demonstrate adequate provision of related and relevant evidence to buttress your points.

3. Ensure that your thoughts are organized, that is following one another logically. Do check to ensure that you have no grammatical errors.

Finally, always recap your main points and summarize your findings in the conclusion.

Learn more about Explanatory Essays at:

brainly.com/question/329730

4 0

3 years ago