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lbvjy [14]
3 years ago
5

A compound transaction was recorded as follows: debit Equipment, $5,000; debit Cash, $1500; credit Accounts Payable, $3,500. Thi

s error would cause __________.
Business
1 answer:
butalik [34]3 years ago
7 0
The trial balance would disagree. It seems that the cash should be credited instead as the situation seems to me that the cash is being expended to pay for the equipment, and the remaining 3500 is liabilities. Therefore, the error should be corrected.
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HELP IN BUSINESSS!!!! An economy produces two goods, x and y. A year ago the price of x was $4 and the price of y was $6. Today
maxonik [38]

Answer:

Since an economy produces two goods, X and Y, already a year ago the price of X was $ 4 and the price of Y was $ 6, while today the price of X is $ 8 and the price of Y is $ 10, what happened did not it is something other than an inflationary process, by which the values of goods have increased their value, both nominal and real, that is, both in monetary terms and in terms of the purchasing power of the individuals who develop in said economy.

Thus, good X went from being worth $ 4 to $ 8, which implies a change in nominal terms of $ 4, and in real terms an inflation of 100% year-on-year (8 x 100/4 - 100).

On the other hand, good Y went from being worth $ 6 to $ 10, with which nominally it also increased $ 4, but in real terms there was an inflation of 66.6% (10 x 100/6 - 100).

7 0
2 years ago
A dominant strategy is: a) a strategy that is the best for a firm no matter what strategies other firms use. b) a strategy that
Sedbober [7]

Answer: a) a strategy that is the best for a firm no matter what strategies other firms use.

Explanation: Strategies adopted by a firms could be diverse and may vary depending on many factors. However, a strategy is said to be dominant when it is the most rational or reasonable course a particular firm could adopt. The dominant strategy isn't one which is dependent on the blueprint or tactics chosen by another firm or organization, but one which is best according to the fundamental principle, plan, structure and organizational framework of a particular firm.

5 0
3 years ago
The top management team at Ingenuity, Inc, has assigned a team of scientists to a multi-year project to investigate the viabilit
Zigmanuir [339]

Answer:

D. Competitive autonomy

Explanation:

Competitive autonomy is a situation where a firm is free from competition. Their decision doesn't guarantee that they will be free from competitor.

The idea of top management team at ingenuity inc. assigning a team of scientists to a multi-year project to investigate the viability of growing large amount of fur from cloned cells of minks and foxes to produce no-kill fur product for coats and other clothing items satisfy Innovativeness, risk taking and proactiveness.

It satisfies Innovativeness such that they bring ideas or new ways of doing things to the industry.

It satisfies risk bearing in a way that the decision of top management team in ingenuity inc. could either yield a positive or negative result. In the either case, lot of resources have been put into it and may either be profitable or loss.

It satisfies proactiveness because they are taking actions in advance for an expected change or difficulty in the future.

3 0
3 years ago
Ownership of a property reverted to the grantor of the estate when its usage failed to conform to a stated condition in the gran
KengaRu [80]

fee simple defeasible estate existed.

<h3>What is fee simple defeasible?</h3>
  • This term refers to any situation in which property ownership is contingent on the occurrence or non-occurrence of a specific event.
  • Land sold to a conservation group with the condition that no development take place on the property is an example of this.
  • If the conservation group decides to build their headquarters on the property, the original landowner may sue to reclaim it.
  • One type of fee simple defeasible is a special limitation.
  • If the deed condition is violated, the original land owner does not have to sue to reclaim the property.
  • Land sold with the special restriction that it only be used for agriculture is an example of this.

To learn more about  fee simple defeasible from the given link

brainly.com/question/17186764

#SPJ4

3 0
2 years ago
When analyzing the changes on a spreadsheet used to prepare a statement of cash flows, the cash flows from investing activities
babymother [125]

Answer:

The cashflow from investing activities generally affect non-current assets.

The correct answer is A

Explanation:

Cashflow from investing activities shows the amount that has been used or generated from investments. These include cashflow from disposal or acquisition of non-current assets such as property. plant and equipment.

7 0
3 years ago
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