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Lisa [10]
3 years ago
7

Address You, a fancy dress manufacturer, sold a dress for $8,000 on credit. The cost of producing this dress was $1,000. First,

how would the revenue and receivable from this transaction impact the accounting equation of Address You? Please enter the amounts in the boxes below.
Business
1 answer:
givi [52]3 years ago
3 0

Answer:

It will affect the accounting equation in $7.000.

Explanation:

The Assets will increase in $8.000 because Address You now have the right to claim to a customer $8.000 and is recognized in the Receivables. At the same time, Address You has to diminish its inventories at $1.000, because it delivered the dress to the customer. Finally, on the other hand, the profits for selling the dress ($8.000 - $1.000) affect the equity, and now the Accounting equation is balanced.

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Adam's company recently suffered an attack where hackers exploited an SQL injection issue on their web server and stole sensitiv
zaharov [31]

Answer:

d.Incident

Explanation:

Based on the information provided within the question it seems that what is being described in this activity is an incident as: an unplanned interruption to an IT service or reduction in the quality of an IT service or a failure of a Configuration Item that has not yet impacted an IT service In the context of information technology this refers to an attack to a IT service or server which causes an unplanned interruption in that service or reduction or quality. Which the attack  in this scenario did both as they attacked the server and stole sensitive information which most likely caused the service to be shut down for maintenance in order to fix the exploit.

6 0
3 years ago
Assume that the corporate tax rate is 34% and the personal tax rate is 30%. The founders of a newly formed business are debating
miv72 [106K]

Answer:

b. 23.8%

Explanation:

For computing the percentage difference, we have to compute the Pre-tax income of both corporations and the partnership

For corporations:

Pre-tax income = (1 - corporate tax rate) × (1 - personal tax rate)

                         = (1 - 0.34) × (1 - 0.30)

                         = 0.66 × 0.70

                         = 0.462 or 46.2%

For partnership:

Pre-tax income = (1 - personal tax rate)

                         =  (1 - 0.30)

                         = 0.70 or 70%

So, the difference would be

= 70% - 46.2%

= 23.8%

5 0
3 years ago
The flow of money in transnational corporations is not balanced. this is true in two ways. explain
AleksAgata [21]
1. Because only 25% of the foreign investment went from MDCs to LDCs.

2. Money is not invested evenly among LDCs (most money went to China).
3 0
3 years ago
2 10 n 30 r.o.g. means the cash discount period ends :what that's mean ???
yawa3891 [41]
The letters r.o.g means receipt of goods so ten days from that date. Basically it means a beginning date of invoice or 10 days after the good are received
4 0
4 years ago
One guide to choosing a leadership approach uses a series of questions. For example, "Is decision quality highly important?" or
Sauron [17]

Answer: Vroom and Yetton's normative decision model.

Explanation:

The Vroom–Yetton normative decision model is a situational leadership theory of industrial and organizational psychology that was developed by Victor Vroom, in collaboration with Phillip Yetton and later with Arthur Jago. The situational theory argues the best style of leadership is contingent to the situation.

Regarding decision making, the Vroom-Yetton model suggests that being autocratic, seeking advice, considering alternative approaches before a decision is made, informing a group on an issue, and letting that group develop the solution without forcing your own ideas are all important at times.

5 0
4 years ago
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