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Marizza181 [45]
3 years ago
8

Venus Inc. paid $5,000 for account payable. How does this transaction affect the accounting equation of Venus?

Business
1 answer:
Elan Coil [88]3 years ago
6 0

Answer:

B) Assets decrease by $5,000 and liabilities decrease by $5,000

Explanation:

Account equation of any entity can be represented by following equation:

Assets=Equity+Liabilities

When the entity pays for any account payable, its current liabilities in balance sheet are decreased and at the same time the cash included in the current assets of the balance sheet is also decreased.

In this case, the $5,000 paid by Venus Inc.  will decrease the liabilities and assets section of Venus's balance sheet by $5,000.

So based on the above discussion, the answer shall be B) Assets decrease by $5,000 and liabilities decrease by $5,000

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Who determines how much utility an individual will receive from consuming a good?
Artyom0805 [142]

Answer:

Individuals are the only judge of their own utility. In general, greater consumption of a good brings higher total utility. However, the additional utility received from each unit of greater consumption tends to decline in a pattern of diminishing marginal utility.

4 0
2 years ago
When a serious customer injury occurs due to product contamination, you need to make contact with your DL and QA within
klemol [59]

Serious injuries due to product contamination need to be reported within a day or 24 hours to DL and QA

Product contamination occurs as a product is in contact with a chemical, bacteria, fungi, etc., or any other substance that is not part of the regular composition of the product.

Product contamination is a serious issue that can lead to disease, accidents, and even death. Due to this, if product contamination occurs and this causes an injury this needs to be reported as soon as possible, usually within 24 hours.

This is important because the company that produces the product can:

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Moreover, this should be reported to areas such as Quality Assurance (QA) that verify the quality of products.

Learn more in: brainly.com/question/2600140

7 0
2 years ago
A firm produces three types of computers (small, medium, and large). Demand for the computers is such that 100 small, 200 medium
salantis [7]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

4 0
3 years ago
A company implements the following policy regarding inventory in transit: Goods purchased are included in inventory records, whi
a_sh-v [17]

Answer:

c. The party who has title to the inventory while in transit.

Explanation:

If you sell or buy FOB shipping point, then you could use this type of accounting method. The title of the goods is transferred immediately (as soon as the goods leave the seller's premises). But if the transactions are FOB destination, the title of the goods is transferred only after the goods have been delivered.

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Fund flows that occur within a quarterly reporting period are referred to as _______________ cash flows.
valentina_108 [34]

Answer:

The options are

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B. Intra period

C. Regular

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Intra period cash flow is defined as the flow which occurred in a certain period of time. In the example above , the cash flow occurred within quarterly reporting period of time.

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