Answer:
(a) It affects expense account.
(b) It affects Revenue account.
(c) It affects expense account.
(d) It affects Expense account.
(e) It affects Dividend account.
(f) It affects Revenue account.
(g) It affects Expense account.
(h) It does not affect stockholders’ equity because purchase of equipment for cash doesn't affect stockholders’ equity.
(i) It affects Common stock account.
Answer:
Cash, account receivable, equipment, utilities expenses, salaries expense
Explanation:
Normally, the asset and expense accounts have debit balances while the liabilities, equity, revenue and other income accounts have credit balances.
In the given list of account:
Cash, account receivable, equipment belong to asset accounts, therefore will have normal debit balance.
Utilities expenses, salaries expense belong to expense accounts, therefore will have normal debit balance.
Remaining items in a given list will have normal credit balance.
Answer:
Normal goods
Explanation:
Normal goods are goods that are goods whose demand increases when income increases and falls when income falls.
I increase my demand for organic fruits and vegetables when my income increased. This shows they are normal goods.
Generic fruits and vegetables are inferior goods.
Inferior goods are goods whose demand falls when income rises and increases when income falls.
I hope my answer helps you
Answer:
The appropriate solution is:
(a) $3150
(b) $4200
Explanation:
According to the question,
(a)
The exchange loss will be:
= 
= 
= 
($)
(b)
The exchange loss will be:
= 
= 
= 
($)
