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Novosadov [1.4K]
3 years ago
13

Fitch Supply Services received $1,000 cash from a customer; the amount was owed to the business from the previous month. What is

the effect of this transaction on the accounting equation
Business
1 answer:
Solnce55 [7]3 years ago
7 0

Answer:

Decrease the accounts receivable account in assets section of balance sheet by $1,000

Increase the cash account in assets section of balance sheet by $1,000

Explanation:

The Accounting equation for any entity is represented by the following equation:

Assets= Equity + Liability

When the entity receive any amount from customer in respect of the any credit sale made to him, the account receivable in the asset section will be decreased by the that amount and the cash section in the asset section will be increased by that amount.

In this case, Fitch supply services shall

Decrease the accounts receivable account in assets section of balance sheet by $1,000

Increase the cash account in assets section of balance sheet by $1,000

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You are the president of Henry Motor Corp., and you see the great potential markets in Eastern Europe for personal transportatio
lina2011 [118]

Answer: A direct investment

Explanation:

A direct investment is one of the type of investment process that helps in providing the various types capital funding and purchasing the factories, machines and the organizational related tools or the equipment from the outside.

It is also known as the physical investment and it helps in exchange the various types equities without purchasing any type of company based stocks in the market.

According to the question, the Russian government basically welcome the given plan process and this is refers an example of the direct investment process. Therefore, Direct investment is the correct answer.

3 0
2 years ago
In a fuel economy study, each of 3 race cars is tested using 5 different brands of gasoline at 7 test sites located in different
romanna [79]

Answer:

210

Explanation:

  • The number of race cars = N₁ = 3
  • The number of gasoline brands = N₂ = 5
  • The number of test sites = N₃ = 7
  • The number of drivers that participated = N₄ = 2

This study must include each N₁, and it has to be done at each N₃, using each N₂, while carried out by each N₄ ⇒ that means that the total number of possibilities:

N₁ x N₃ x N₂ x N₄ = 3 x 7 x 5 x 2 = 210

The total number of test runs is 210.

4 0
3 years ago
Which type of retail space is most likely to have the highest degree of management involvement?
exis [7]

Regional type of retail space is most likely to have the highest degree of management involvement.

<h3>What is the Regional type and its type?</h3>
  • A region is an area of land that has common features.
  • A region can be defined by natural or artificial features.
  • Language, government, or religion can define a region, as can forests, wildlife, or climate. Regions, large or small, are the basic units of geography.

To learn more about regional, refer

to brainly.com/question/25689052

#SPJ4

5 0
1 year ago
Due to the unique nature of this product, tom and melody have decided to develop a half-hour tv program to demonstrate the benef
Ber [7]
It is <span>hoped that this Integrated Marketing Communication program will provide a great start in the market.

It is an idea of showcasing interchanges arranging that perceives the additional estimation of the extensive arrangement that assesses the key parts of an assortment of correspondence disciplines. It consolidates all components of advancement blend into one thorough and bound together procedure. The thought is to utilize every single limited time device and assets to make a brand picture.
</span>
7 0
2 years ago
The Skulls, a student social organization, has two different locations under consideration for constructing a new chapter house.
dangina [55]

Answer:

The Skulls

The location that Skulls should select is:

Alpha Avenue.

Explanation:

a) Data and Calculations:

Estimated number of persons living in this new chapter house = 30

                    Fixed       Variable                   Total Cost

Alpha Ave. $5,000       $200 per person     $11,000

Beta Blvd.  $8,000        $150 per person    $12,500

b) The location that Skulls should select must minimize the total cost.  The location which meets this criterion is Alpha Avenue, with a total cost of $11,000.  This is purely because of the number of persons living in the chapter house.  Assuming that this number would increase, then it may be considered economically better to choose the Beta Boulevard instead of the Alpha Avenue.

7 0
3 years ago
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