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butalik [34]
3 years ago
9

The following transactions occurred during the month of August 2019 for the Washington Apple Company:

Business
1 answer:
Maksim231197 [3]3 years ago
7 0

Answer:

1. Increase in equity

2. increase in asset

3. increase in liability

4. Increase in revenue

5. Increase in expense

Explanation:

Assets is anything that provides future benefit to a company. Assets are reported in the balance sheet of the company and the company's reliability is measured on the basis of strength of its assets. Liability is the obligation that the company has to pay in future. These asset to liability ratio should be atleast 1 for the organizations.

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The problem of a double coincidence of wants refers to A. poorlyminusmanaged companies producing what consumers want only by coi
bija089 [108]

Answer:

D. the necessity in a barter system of each trading partner wanting what the other has to trade.

Explanation:

Double confidence of wants was one of the shortcomings of the barter system.

For example, if someone wants corn and has yam. He has to find someone that wants yam and has corn to trade in order for a trade to occur.

The introduction of money solved this problem.

I hope my answer helps you

7 0
3 years ago
What are dividends?
BaLLatris [955]
The correct answer is C. A distribution of small percentage of profits to shareholders.
7 0
4 years ago
Read 2 more answers
when sony released the playstation 4, it was reported that sony was taking a loss of $60 on every ps4. however, sony expected to
PolarNik [594]

The loss of Sony on Playstation is covered by the gain on PS+ sales. The profit from PS+ is interdependent on sale of Playstation.

<h3 /><h3>What is interdependence?</h3>

Interdependence is the state of being dependent on a thing. In the scenario provided the sale of PS+ that is the games can only be sole when the Playstation is sold. This makes the sale of PS+ interdependent on the sale of Playstation.

Interdependent goods are dependent on other product for sale and a sale of one would result in the sale for the interdependent good.

The loss made on sale of Playstation of $60 can be recovered easily by the sale of PS+ as all the purchaser of Playstation will be spending a good amount on the purchase of PS+ which makes the loss profitable for Playstation Company.

Learn more about interdependence at brainly.com/question/27251361

#SPJ1

8 0
2 years ago
Frisco company's merchandise inventory account at year-end has a balance of $62,115, but a physical count reveals that only $61,
slega [8]
<span>The cost of goods sold will increase by $215, while the merchandise inventory will decrease by a value of $215. This will even out the books to show that there was a shrinkage at the end of the year over and above that which was thought to have taken place.</span>
8 0
3 years ago
Safari Co. was organized to sell a single product that carries a 45-day warranty against defects. Engine 7% of the units sold wi
vovangra [49]

Answer:

A. $5,460

Explanation:

Expected rate of defects = 7%

Average repair cost = $70

Total sales = 1,200 units

Actual defective units = 6

Liability for product warranties (L) at month-end should be the difference between the expected warranty costs (EW) and the actual warranty (AW) costs:

EW = 0.07*1,200*\$70 = \$5880\\AW = 6*\$70 =\$420\\L = \$5880 - \$420\\L= \$5460

Liability for product warranties at month-end should be $5,460.

6 0
4 years ago
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