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ohaa [14]
3 years ago
10

Go Blue Retail Store collected $12,000 of its accounts receivable. The expanded accounting equation changes include which of the

following?
a. Cash and capital increase of $12,000
b. Cash and revenue increase of $12,000
c. Cash increase and accounts receivable decrease of $12,000
d. Accounts receivable decrease and capital increase of $12,000
Business
1 answer:
Alja [10]3 years ago
5 0
The expanded accounting equation would include the following.

C.) Cash Increase and Accounts Receivable decrease of 12,000.

Initial journal entry would be:

debit: Accounts Receivable 12,000
           Credit:    Sales                        12,000

Collection of 12,000

debit: Cash                          12,000
            Credit: Accounts Receivable  12,000

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Answer:

B. False

Explanation:

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The maximum currency creation by the banking system is a function of the checkable deposits and the reserve ratio.  The formula for this is called the money multiplier, and is given as the checkable deposits divided by the reserve ratio.  With this multiplier factor, banks can increase the currency in circulation.  This is why central banks use the reserve ratio to monitor the supply of money in their economies.

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Which of the following assessments of electronic retailing is most accurate? a. The line between electronic retailing and tradit
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The correct answer is letter "A": The line between electronic retailing and traditional retailing is blurring as traditional retailers go online.

Explanation:

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In 2019, Brazil's trade deficit as share of GDP widened. In that year, government deficit as share of GDP declined and investmen
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The private savings as a share of the GDP must have declined.

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Kremena's bank account earns 4.5% simple interest. How much must she deposit in the account today if she wants it to be worth $1
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Answer:

$1,101.32

Explanation:

Simple interest accounts balances are calculated using the following formula

A = P ( 1 + rt)

where:

A = final account balance

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Therefore, we can plug in the values provided in this formula and solve for P which would be the amount that Kremena needs to deposit.

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Finally, we can see that Kremena would need to deposit a total of $1,101.32 to have the amount that she wants after 3 years.

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