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Delicious77 [7]
3 years ago
9

a. The owner invested $18,000 cash in the company in exchange for its common stock. b. The company purchased supplies for $1,250

cash. c. The owner invested $11,500 of equipment in the company in exchange for more common stock. d. The company purchased $350 of additional supplies on credit. The company purchased land for $10,500 cash.Required:Write down the impact of each transaction on individual items of the accounting equation.
Business
1 answer:
BlackZzzverrR [31]3 years ago
6 0

Answer:

since there is not enough room here I used an excel spreadsheet

Explanation:

Download pdf
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Merchant Company had the following foreign currency transactions: On November 1, 20X6, Merchant sold goods to a company located
vazorg [7]

Answer

The answer and procedures of the exercise are attached in the images below.

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a 2 sheets with the formulas indications.  

6 0
3 years ago
If labor becomes more productive, the production possibilities frontier will:__________
bezimeni [28]

Answer:

Shift outwards.

Explanation:

The production possibilities frontier or curve is the curve that shows various combinations or bundles of goods that an economy produces by using its all resource and if there is any point inside the curve then it will depict the inefficiency or underutilization of resources. Moreover, the PPF curve shifts outwards when there is an improvement in technology, due to which the output has increased. Similarly, the increase in output due to labor productivity will result in the rightward shift in the PPF curve.

7 0
3 years ago
3. Which of the following best defines inflation? a. The rapid increase in the price of a specific good, such as gasoline b. A g
Dvinal [7]

The best answer is D.

7 0
3 years ago
Read 2 more answers
The one-year forward rate of the British pound is quoted at $1.60, and the spot rate of the British pound is quoted at $1.63. Is
mihalych1998 [28]

Answer:

discount; 1.8%

Explanation:

Calculation for the forward rate using this formula

forward rate=(F/S) - 1

Let plug in the formula

forward rate= ($1.60/$1.63) - 1

forward rate= -1.8 percent.

Therefore The forward DISCOUNT is 1.8 percent.

7 0
3 years ago
Altonland Inc., a pharmaceutical company based in the United States, generally appoints a U.S. national as the head of its forei
In-s [12.5K]

Answer: The correct answer is "the informal rules of the game".

Explanation: The given scenario illustrates <u>the informal rules of the game.</u>

<u>Because despite not being an official standard, it is an informal rule that the company tends to follow because it gives good results, and is backed by the organizational culture of the company.</u>

7 0
3 years ago
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