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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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Chance to win 50 points
Elenna [48]

Answer:

2nd place

Explanation:

I feel like this is the right answer, I'm just guessing.

8 0
2 years ago
Read 2 more answers
You write one MBI July 127 call contract (equaling 100 shares) for a premium of $12. You hold the option until the expiration da
ser-zykov [4K]

Answer:

The answer is "$400"

Explanation:

The price value of the exercise:

= $127

The expiration date price value is:

= $135

Calculating the profit for Calls buyer:  

= $135-$127  

= $8

The value of 1 call = 100 shares  

calculating the total profit :

=$ 8 × 100  

= $ 800

One alternative purchase price:

= $12

Call option Total purchase price:

=  $12 × 100  

= $1200

The buyer's total loss:

= $1200 - $800

= $400

The Loss for the buyer:  \frac{\text{profit for the seller}}{\text{writer}}

Hence profit for the writer = $400

3 0
3 years ago
Problem 9-18 Comprehensive Variance Analysis [LO9-4, LO9-5, LO9-6]
Thepotemich [5.8K]

Answer:

1 a. Materials price and quantity variances.

Material price variance = (Actual price - Standard price) * Actual Quantity purchased

= ($2.45 - $2) * 15,800

= $0.45 * 15,800

= $7110 (Unfavorable)

Materials Quantity variance = (Actual Quantity used - Standard Quantity allowed) * Standard price  

(10600 - 3000 * 3.6) * $2

= (10,600 -  10,800) * $2

= 200 * $2

= 400 (Favorable)

b. Labor rate and efficiency variances.

Labor rate variance = (Actual rate - standard rate) * Actual hours

= (6.30 - 6.6) * 2,100

= 0.3 * 2,100

= 630 (Favorable)

Labor Efficiency variance  = (Actual hours - standard hours allowed) *  Standard rate  

= (2100 - 3000 * 0.5) * 6.6

= (2,100 - 1,500) * 6.6

= 600 * 6.6

= 3960 (Unfavorable)

c. Variable overhead rate and efficiency variances

Variable overhead rate variance  = (Actual rate - Standard rate * Actual machine hours)

= 3000 - (2.10 * 1200)

= 3,000 - 2,520

= 480 Unfavorable

Variable overhead Efficiency variance = (Actual hours - standard hours allowed)* Standard rate

= (1200 - 3000 * 0.3) * 2.10    

= (1200 - 900) * 2.10

= 300 * 2.10

= 630 (Unfavorable)

2.    Variances                                            Amount

Material price variance                             7,110 U

Material quantity variance                         400 F

Labor rate variance                                    630 F

Labor efficiency variance                           3,960 U

Variable overhead rate variance               480 U

Variable overhead efficiency variance      <u>630 U</u>

Net variance                                                <u>11,150 U</u>

<u></u>

The net variance of all the variance of the month is 11,150 (Unfavorable)

3 0
3 years ago
Auditors-Are-Us LLC, audited the financial statements of LINKCO Industries, a private company, for the year ended December 31, 2
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4 0
3 years ago
What term can be used to describe the situation where your fixed and variable expenses are higher than your net income.(1 point)
Pepsi [2]

The term that describes the situation where <em>fixed and variable </em><em>expenses</em><em> are higher than</em> net income is <em>D. dissaving.</em>

Dissaving happens when an individual is spending from either previous savings or borrowing to fund current expenses.

Dissaving is commoner with retirees than those currently employed. But it can also happen to currently-employed persons, whose expenses are more than their incomes. They should find strategies to stop the negative saving. Otherwise, their debts may be overbearing in future.

Thus, dissaving means negative saving or <em>spending more than income.</em>

Learn more: brainly.com/question/13954775

8 0
2 years ago
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