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const2013 [10]
4 years ago
14

On the balance sheet, owner's equity is a.subtracted from liabilities and the net amount is equal to assets b.added to assets an

d the two are equal to liabilities c.equal to the total of assets and liabilities d.added to liabilities and the two are equal to assets
Business
1 answer:
Lena [83]4 years ago
4 0

Answer:

 d.added to liabilities and the two are equal to assets

Explanation: 

Owner's equity + Liabilities = Assets

This is known as the balance sheet equation and it forms the basis for the double entry system of accounting.

Assets are what the firm owns , liabilities are what the firm owes and owners equity is what the owners invest in the business.

I hope my answer helps you

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Last year Anderson Corporation reported a cost of goods sold of $101,000. The company's inventory at the beginning of the year w
mash [69]

Answer:

$113,200

Explanation:

Data provided

Cost of goods sold = $101,000

Increase in Inventory = $8,100

Decrease in Accounts payable = $4,100

The calculation of Adjusted cost of goods sold is shown below:-

Adjusted cost of goods sold = Cost of goods sold + Increase in Inventory + Decrease in Accounts payable

= $101,000 + $8,100 + $4,100

= $113,200

Therefore for computing the adjusted cost of goods sold we simply applied the above formula.

6 0
4 years ago
Matador company purchases $1,300 of equipment from danger mouse inc. For cash the effect on the components of the basic accounti
charle [14.2K]

Danger Mouse Inc. sells $1,300 worth of equipment to Matador Company. The effect of cash on the elements of the Matador Company's fundamental accounting equation is that the total assets remain unchanged.

How much are total assets?

  • Current assets and non-current assets, often known as fixed assets, are divided up into total assets.
  • Short-term assets known as current assets are utilised to cover current liabilities.
  • Long-term assets known as fixed assets are employed by businesses to produce revenue and profits.
  • This transaction results in a $1,300 drop in the cash balance and a $1,300 rise in fixed assets, leaving the total assets unchanged.
  • The entry is as follows:

General Journal     Debit Credit

Equipment              $XX

Cash                                  $XX

To know more about total assets visit:

brainly.com/question/13083751?

#SPJ4

4 0
2 years ago
When Ajax Co. produced 3 units of output per​ week, its total fixed cost was ​$100100 and total variable cost was ​$5050. When o
zimovet [89]

Answer:

$170

Explanation:

As we know that

Total cost = Total fixed cost + total variable cost

The total fixed cost would remain the same whether the production level increases or not but the case is not the same as the total variable cost. In total variable cost, the output will change as per the production level changes

When output was 4 units per week, The total cost would be

= Total fixed cost + total variable cost

= $100 + $70

= $170

8 0
3 years ago
Tess is going to purchase a new car that has a list price of $29,190. She is planning on trading in her good-condition 2006 Dodg
Setler [38]

Answer:

The answer to your question would be D. 18.98%

Explanation:

6 0
2 years ago
All of the following are true of Transportation EXCEPT: A. Transportation systems link geographically separated partners, facili
DIA [1.3K]

Answer:

C. Transportation managers choose modes of transportation based only on cost

Explanation:

Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers. Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.

The fundamentals of supply chain management are best summed up as a strategic collaboration between multiple firms. These multiple firms include a company that is saddled with the responsibility of manufacturing, a wholesaler, and a retailer who typically sells the products to the customers or consumers.

Basically, these three (3) firms or individuals are required to collaborate with each other so as to meet the needs of the customers in a timely manner or fashion and at a fair price too.

Basically, in supply chain management, transportation plays a significant part in the movement of goods or services from the point of production to the end users or consumers.

Hence, all of the following are true of Transportation;

A. Transportation systems link geographically separated partners, facilities and customers

B. Transportation facilitates the creation of time and place utility in the supply chain

C. Transportation has a major impact on company financial performance

D. Transportation involves the physical movement of goods between origin and destination points

6 0
3 years ago
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