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SSSSS [86.1K]
3 years ago
6

Delta Company purchased a delivery truck for a total cost of $15,000. Delta paid $2,000 in cash and signed a note payable for th

e remainder. The total effect of this transaction on the accounting equation was to:
Business
1 answer:
kupik [55]3 years ago
8 0

Answer:

increase assets by $13,000, increase liabilities by $13,000 and have no effect on equity.

Explanation:

Given that

The total cost of purchase of delivery truck = $15,000

Cash paid = $2,000

The accounting equation equals to

Total assets = Total liabilities + owners equity

The remaining amount left would be equal to

= $15,000 - $2,000

= $13,000

So it would increase the assets for $13,000 as the delivery truck is purchased plus there is also an increase in liabilities for $13,000 as it signed a note payable and there is no effect on equity

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It is acceptable for an employee to wear fingernail polish if the employee is a.
Dennis_Churaev [7]

Depending on the type of job, it may or may not be acceptable for employees to wear nail polish to work especially if its unethical.

<h3>What is Formal Dressing ?</h3>

   Formal dressing describes the appropriate way to dress for different occasions. This implies that you must dress according to the requirements of occasion you want to attend or according to your job requirement.

  Employees must strive to dress properly as permissible by the code of conduct of the working environment.

Learn more about Proper dressing at brainly.com/question/27837116

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8 0
2 years ago
Now assume a risk-free rate of interest of 4%, an expected rate of return on the global market portfolio of 8% and a global beta
never [62]

Answer:

7.6%

Explanation:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

Expected rate of return = Risk-free rate of return + Global Beta × (Global Market rate of return - Risk-free rate of return)

= 4% + 0.90 × (8% - 4%)

= 4% + 0.90 × 4%

= 4% + 3.6%

= 7.6%

The (Global Market rate of return - Risk-free rate of return)  is also called global market risk premium

7 0
3 years ago
pure monopolist who is nondiscriminating must decrease price on all units of a product sold in order to sell additional units. T
coldgirl [10]

Answer: b. Marginal revenue is less than average revenue

Explanation:

Marginal revenue is the extra revenue received by selling one more unit of a good while Average revenue is the revenue generated on average by all units sold thus far.

If the monopolist has to reduce prices to sell more goods then it would mean that for every unit sold, the price would have reduced compared to the price of the last unit which translates to less revenue coming in per unit compared to the last unit.

On the other hand, on average, the higher prices of the earlier goods sold would keep the average revenue higher than the additional revenue (marginal revenue).  

8 0
3 years ago
As the price of beef increases, consumption , which means that for the demand of beef, there is a(n) relationship between price
swat32

Answer:

As the price of beef increases, consumption <u>DECREASES</u>, which means that for the demand of beef, there is an <u>INVERSE</u> relationship between price and consumption.

Explanation:

One of the basic principles in economics is the Law of Supply and Demand. As the price of a good increases, suppliers will increase the total quantity supplied, but the consumers will decrease the total quantity demanded, until an equilibrium point is reached.

The supply and demand law applies to basically every product or service available in the market.

8 0
4 years ago
When a classified balance sheet is prepared, merchandise inventory is:
adell [148]

Answer:

The correct answer is (C) Reported as a current asset.

Explanation:

The current asset, also called a current or liquid asset, is the asset of a company that can become liquid (become money) in less than twelve months. For example, bank money, stocks, and financial investments.

We can also understand the current asset as all those resources that are necessary to carry out the day-to-day activities of the company. It is known as current because it is a type of asset that is in continuous movement, can be sold, used, converted into liquid money or delivered as payment without too much difficulty.

8 0
3 years ago
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