1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lbvjy [14]
4 years ago
15

Mega Corporation repurchased 1,000 shares of its $1 par value common stock for $8,000. The effect of this transaction on the acc

ounting equation includes a(n) ______. (
Business
1 answer:
Nitella [24]4 years ago
4 0

Answer:

Explanation:

Since in the question the shares are repurchased which impact the accounting equation in a negative manner

Accounting equation would be

Total assets = Total liabilities + Stockholder equity

The assets are decreased as it reduces the balance of cash account as well as it reduced the stockholder equity also by the same amount

You might be interested in
Your sister is thinking about starting a new business. The company would require $380,000 of assets, and it would be financed en
Andrews [41]

Answer:

$51,300

Explanation:

Given that,

Assets require = $380,000

Return on the invested capital, ROE = 13.5%

ROE = Net income ÷ Total Equity

0.135 = Net income ÷ $380,000

0.135 × $380,000 = Net income

$51,300 = Net income

Therefore, the net income must be expected to warrant starting the business is $51,300.

Note: Since, all of the total assets are financed by the common stock.

5 0
3 years ago
The impact of corruption and fraud on an individual​
Gwar [14]

Answer:

The answer is below

Explanation:

The impact of corruption and fraud on an individual​ is numerous, whether it is coming from a company or a state.

Usually, the impact of corruption and fraud on individuals makes such individuals have a wrong perception of the situation.

If the individual is at the wrong end of corruption and fraud, such individual would miss many opportunities, including access to employment, good health care systems, be exposed to the inefficient quality of standard of living, and many more. Hence, such an individual would believe that little to nothing works in his immediate environment.

In the same vein, if such an individual is gaining from fraud and corruption, he would believe the situations are right for him, and that it is perfectly normal to cheat, lie, and bribe his way through to success. Hence, such an individual would see the world as the best fraudster or most corrupt rules the world and it would be a normal thing to him.

4 0
3 years ago
Which principle of the American Free Enterprise System is described in the statement "Consumers have the right to buy and sell p
lilavasa [31]
C. Private Property
Make sure to follow @get.sendy on Instagram.
Tony Hawk follows :)
8 0
3 years ago
Which of the following would be included in a properly prepared comprehensive annual financial report (CAFR), but not in the min
Elan Coil [88]

Answer: D. Combining and individual fund financial statements.

Explanation: Annual financial Report, the most common of this set of reports issued are general purpose financial statements that include income statement, balance sheet, retain earnings and statement of cash flow. It is a financial statement of 12 consecutive months in a year.

There are items that will be include such as Combining and individual fund financial statements.

7 0
3 years ago
John Williams, manager of Phoenix Entertainment, wants to compute the variable overhead efficiency variance for the year. He has
jenyasd209 [6]

Answer:

$10,125 Favorable

Actual quantity of the cost-allocation base used - Actual quantity of the cost-allocation base that should have been used to produce the actual output) × Budgeted variable overhead cost per unit of the cost-allocation base

Explanation:

Variable overhead spending variance = Actual Spending - budgeted Spending based on actual quantity

Variable overhead spending variance = (Actual Input x Actual rate) - ( Actual input x Budgeted rate)

Variable overhead spending variance = (10,125 x $29) - ( 10,125 x $30)

Variable overhead spending variance = $293,625 - $303,750

Variable overhead spending variance = $10,125 Favorable

Variable overhead spending variance is

Actual quantity of the cost-allocation base used - Actual quantity of the cost-allocation base that should have been used to produce the actual output) × Budgeted variable overhead cost per unit of the cost-allocation base

4 0
3 years ago
Other questions:
  • Equipment that cost $420,000 and on which $200,000 of accumulated depreciation has been recorded was disposed of for $180,000 ca
    11·1 answer
  • Both Dave and Caroline produce sweaters and socks. If Dave's opportunity cost of producing 1 sweater is 3 socks, and Caroline's
    10·1 answer
  • On july 9, coronado company sells goods on credit to wildhorse company for $4600, terms 2/10, n/60. coronado receives payment on
    8·1 answer
  • Which of the following is a fixed cost for a company that sells greeting cards online and mails the printed cards to customers?
    10·1 answer
  • 7) Suppose AVC = $113 when the firm produces 515 units of output. Then the firm's fixed cost amounts to a) $5,500, and its profi
    10·1 answer
  • Most economists believe that only a small gap between the wages of white males and the wages of other groups is due to education
    5·1 answer
  • Kevin fidgets and taps on things, sighs often, squirms, constantly checks the time, and yells at people when they ask him how a
    11·1 answer
  • When Congress passed the Sarbanes-Oxley Act of 2002, it imposed greater regulation on public companies and their auditors and re
    5·1 answer
  • Define business systems​
    13·1 answer
  • The Allen Export Company ships sugar to many overseas ports. Over the years the company has stacked large bags of sugar onto pal
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!