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olasank [31]
3 years ago
10

Bliss corporation settles a liability by making a payment in cash. how does paying this liability affect the accounting equation

of the​ business?
Business
1 answer:
pogonyaev3 years ago
4 0

Assets decrease and Liability also decrease. Assets is anything that is tangible or intangible that can be owned or controlled to produce by company it is also an economic resources. Liability on the other hand is the responsible of person to something especially stated by law.

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Your grandparents would like to establish a trust fund that will pay you and your heirs $225,000 per year forever with the first
xz_007 [3.2K]

Answer:

They must deposit $5,113,636.36.

Explanation:

Giving the following information:

Cash flow= $225,000

Interest rate= 4.4 percent

To determine the amount to be deposited today, we need to use the perpetual annuity formula:

PV= Cf/i

Cf= cash flow

PV= 225,000/0.044

PV= $5,113,636.36

They must deposit $5,113,636.36.

3 0
3 years ago
Salespeople who assist in design and specification processes, installation of equipment, and training of a customer's employees
umka2103 [35]

Answer:

technical support salespeople.

Explanation:

Salespeople can be defined as a group of individuals or employees who are saddled with the responsibility of taking orders from customers, as well as sales of finished goods and services to consumers or end users.

Salespeople who assist in design and specification processes, installation of equipment, and training of a customer's employees are called technical support salespeople.

4 0
3 years ago
Prepare the issuer’s journal entry for each of the following separate transactions.a. On March 1, Atlantic Co. issues 51,000 sha
Shalnov [3]

Answer:

March 1

Account                                             Debit               Credit

Cash                                                 $323,000

Common Stock                                                         $153,000

Paid-In Capital in Excess

of Par Value                                                              $170,000

April 1

Account                                              Debit                Credit

Cash                                                 $87,000

Common Stock-no par value                                    $87,000

April 6

Account                                             Debit                 Credit

Inventory                                          $56,000

Common Stock                                                           $56,000

Machinery                                        $170,000

Paid-In Capital in Excess of

Common Stock                                                           $170,000

Note Payable                                                              $92,000

Cash                                                 $92,000

4 0
3 years ago
Financial markets and _______ channel _______ to_______ . They also channel money from individuals who want to _______ for the f
garik1379 [7]

Answer:

Financial intermediaries; savings; real investments; save; mutual funds; ETFs; commodity markets; shares; liquid; stock market; banks; CFO; bonds

Explanation:

Financial markets and FINANCIAL INTERMEDIARIES channel SAVINGS to REAL INVESTMENTS . They also channel money from individuals who want to SAVE for the future to those who need cash to spend today. A third function of financial markets is to allow individuals and businesses to adjust their risk. For example, MUTUAL FUNDS, such as the Vanguard Index fund, and ETF( educational trust funds) , such as SPDR's or "spiders," allow individuals to spread their risk across a large number of stocks. Financial markets provide other mechanisms for sharing risks. For example, a wheat farmer and a baker may use the COMMODITY MARKETS to reduce their exposure to wheat prices. Financial markets and intermediaries allow investors to turn an investment into cash when needed. For example, the SHARES of public companies are LIQUID because they are traded in huge volumes on the STOCK MARKET .

BANKS are the main providers of payment services by offering checking accounts and electronic transfers. Finally, financial markets provide information. For example, the CFO of a company that is contemplating an issue of debt can look at the yields on existing BONDS to gauge how much interest the company will need to pay.

7 0
2 years ago
Cost of Preferred Stock Marme, Inc., has preferred stock selling for 96 percent of par that pays an 11 percent annual coupon. Wh
nataly862011 [7]

Answer:

Component cost of preferred stock is 11.4583 %

Explanation:

Given Data:

Preferred stock selling=96 percent of par.

Annual Coupon =11 percent

Required:

What would be Marme’s component cost of preferred stock?

Solution:

The formula we are going to use is:

i_{stock}=\frac{D_o}{P_o}

Where:

D_o is  11 percent annual coupon

P_o preferred stock selling for 96 percent of par

If we convert the above percentage to dollar using the scale $1=1% then:

D_o=$11

P_o=$96

i_{stock}=\frac{\$11}{\$96}\\ i_{stock}=0.114583

Component cost of preferred stock is 11.4583 %

7 0
3 years ago
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