Lexington company borrows $10,000 from a bank by signing a promissory note. Increased assets and increased liabilities are the effects of this transaction on the accounting equation.
A company is a legal entity or legal entity established under the Companies Act. It may be a limited or unlimited company, a private or public company, a limited liability company or company with share capital, or a company of common interest. A legal entity is a type of legal entity structure that is a separate legal entity from its owner. This is a complex business structure, with additional reporting requirements and invalid legal obligations making it expensive to set up and manage.
A corporation is a legal entity distinct from its owners, managers, operators, employees, and agents. Legal entities have the same powers as individuals, including the right to own and dispose of property, the power to sue and be sued, and the power to contract for a profit. A business example is an agriculture. An example transaction is the sale of a home.
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Answer:
SMART goal
Explanation:
SMART is an acronym that is used to guide businesses in the process of setting it's goals.
The acronym stands for S- specific, does the goal have particular purpose.
M- measureable, is the goal something that can be measured.
A- attainable, is it realistic to achieve.
R- relevant
T- time bound, has a set timeline.
In this instance Brenda is using SMART goal technique to evaluate the statement made by Paula. She wants to find out if her goal is specific.
Answer:
We do not have enough information to answer this question.
Explanation:
The price elasticity of demand measure the elasticity of anything when there is a change in the quantity demanded of that thing relative to the percentage change in price of it.
The formula for Price elasticity of demand is,
=> Percentage change in QTY demanded / Percentage change in price.
Hence it can be concluded that although we have the change in price but we do not have the quantity mentioned in the question anywhere.
Hope this helps.
Thankyou.
Answer:
$56,500
Explanation:
Manufacturing overhead refers to indirect factory-related costs incurred when a product is manufactured.
To calculate the balance in the Manufacturing Overhead account, we will add the beginning balance to the indirect materials to production and indirect factory labor cost.
June 2: Issued $500 of indirect materials to production.
June 13: Incurred $15,000 of indirect factory labor cost.
= $41,000 + $500 + $15,000
= $56,500
The balance in the Manufacturing Overhead account following these transactions will be $56,500.
Answer:
$55.50
Explanation:
The bid price is $55,25 is the price applicable to investors would intend to sell their investment.
The ask price is $55.50 is the price applicable to investors who wish to acquire the Fincorp stock.
The prices have been computed in such a way that the broker will always gain, whether an investor is buying or selling his/her stake.
Conclusively, the order given to the broker to buy at market would be executed at the ask price of $55.50, not the other way round.
