Answer:
(B) Increase both assets and equity by $180
Explanation:
The transaction analysis model tells us that:
Assets = Liabilities + Owner's Equity
Owner's equity = Contributed Capital + Retained Earnings
Retained Earnings = Net Income − Dividends
and
Net Income = Income − Expenses
The expanded accounting equation is obtain if all substitutions are made:
Asset = Liabilities + Contributed Capital + Income – Expenses − Dividends
In the Global Cleaning Service`s case:
Assets are increased either because the service is collected or is an account receivable. As the service provided is a revenue (income) is part of the Owner's Equity that also increase. Both, Asset and Owner's Equity, increase in 180.
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The FDIC monitor banks to ensure that they are operating within the bounds of the law and are not engaging in any illegal or unsafe practices. They also work to ensure that banks are providing customers with the best possible service and are protecting their deposits
If the FDIC finds that a bank is not meeting these standards, they will take action to correct the situation. As a result, the FDIC has a better understanding of the risks that banks face and is better equipped to protect consumers from financial fraud.
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Answer:
A. a goods trade deficit
Explanation:
The current account represent the trade balance (export less import) plus
the net income (person receiving interest, rent or wages from aboard less person and companies paying foreingers) and
the direct payment. ( remittances from wroker to US)
As the US is one of the most open-economies in the world the mayority of this deficit comes from import of good and services from aboard.
Another factor, is that US company invest around the world thus, the net income should be positive.
And becuase the US economy is strong as opposite of Mexico or other Latin America countries, the average US employee abroard will not send their wages to support his family.
Thus, we should ensure the deficit comes from a negative trade deficit.
False answering customer feedback can make the business seem more honest and appealing to consumers.
