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Ksivusya [100]
3 years ago
10

For each transaction recorded in an accounting system, the basic equation that must be maintained at all times is: Revenues = Ex

penses + Dividends. Assets = Liabilities. Cash Increases = Cash Decreases. Assets = Liabilities + Stockholders' Equity.
Business
1 answer:
spayn [35]3 years ago
7 0

Answer: Assets = Liabilities + Stockholders Equity.

 

Explanation: Assets refers to the resources owned by a firm for operating its business. Equity refers to the amount of fund invested in the business by the shareholders and liabilities are the obligations of the business.

Thus, it is assumed that every asset that an organisation owns is either purchased by the funds that belongs to the shareholders or on credit by taking liabilities into account.

Hence, from the above we can conclude that ,Assets = Liabilities + Stockholders Equity, correctly depicts the accounting equation.

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The coins we use as money usually have a sculptural design in what form?
Scrat [10]
<span>Low relief. A low relief is an anticipating picture with a shallow general profundity, for instance utilised on coins, on which all pictures are in low help. In the most minimal reliefs the relative profundity of the components indicated is totally contorted, and if seen from the side the picture has neither rhyme nor reason, yet from the front the little varieties inside and out enlist as a three-dimensional picture. Different forms contort profundity significantly less. It is a system which requires less work, and is in this way less expensive to deliver, as less of the foundation should be evacuated in a cutting, or less displaying is required</span>
3 0
3 years ago
Northern Pacific Fixtures Corporation sells a single product for $28 per unit. If variable expenses are 65% of sales and fixed e
sveta [45]

Answer:

Break even point in dollars = $28,000

Explanation:

We know Sales - Variable Cost = Contribution

Thus, if we are provided that Variable expenses = 65% then contribution = 100 - 65 = 35%

Also provided selling price per unit = $28

Contribution Therefore = $28 \times 35% = $9.80

Break even point in dollars = \frac{Fixed\: Cost}{Contribution\: Margin}

Here, fixed cost = $9,800

Contribution margin = 35%

Putting values in above formula we have,

Break even point in dollars = \frac{9,800}{0.35} = $28,000

3 0
3 years ago
Read 2 more answers
If the government for the state of Washington collects $65.8 billion in tax revenues in 2013 and total spending in the same year
MatroZZZ [7]

Answer:

D a budget deficit.

Explanation:

A budget deficit is when government spending exceeds income from taxes.

The State of Washington spent a total of $74.8 billion and had a total income of $65.8 billion. Spending exceeds income from taxes by $9 billion. The State of Washington has a budget deficit.

A budget surplus is when income from taxes exceeds government spending.

I hope my answer helps you.

8 0
3 years ago
The CECL model:_______.A. Is a good example of an income-statement approach to estimating bad debts. B. Recognizes bad debts whe
Dafna1 [17]

Answer:

The correct answer is the option D: Allows a company to use an account receivable aging as part of its methodology for estimating credit losses.

Explanation:

To begin with, the name of "Current Expected Credit Losses" in the field of business and accounting refers to an specific model used by the companies that was issued by the Financial Accounting Standards Board and its main purpose is to focus on estimation of expected losses according to the complete life of the loan. So therefore that this model allows the companies to use an accounts receivable aging ar part of its methodology for estimating the credit losses. And that is also why this system has had an important impact in the financial institutions of the United States of America.

5 0
3 years ago
Which of the following is in a country's best interests, according to the main tenet of mercantilism? A. importing products from
Lisa [10]

Answer:

A) importing products from developing rather than developed countries

Explanation:

Mercantilism asserts that countries should simultaneously encourage exports and discourage imports. Therefore, it is in a country's best interest to maintain a trade surplus, i.e. have more exports than imports. Mercantilism believes that governments should intervene the markets in order to achieve a trade surplus.

Mercantilism tries to take advantage of other countries, and it always easier to take advantage on poorer or developing countries, rather than richer developed countries.

4 0
4 years ago
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