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anastassius [24]

3 years ago

13

Which of the following is not possible when recording a transaction?A. Liabilities increase and assets decrease.B. Stockholders'

equity increases and assets increase.C. One asset increases and another asset decreases.D. Stockholders' equity decreases and assets decrease.

1 answer:

Basile [38]3 years ago

3 0

Answer:

Liabilities increase and assets decrease.

Hope this helps!

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Workers who do not have the expectation of steady, full-time employment are called ________ workers.

Tems11 [23]

These workers are called contingent workers
Contingent workers are the type of workers that hired per-project basis. This make up Freelancers, consultants, or contractors.
Since technically these workers are not a part of the company, the company is not require to give benefit to them like its full-time workers.

7 0

3 years ago

Ben and Jerry were shareholders of Water Ice Inc., an S corp. On Jan. 1, 1998, Ben owned 40 shares and Jerry owned 60 shares. Be

expeople1 [14]

Answer: $15,060

Explanation:

From the question, we are informed that Ben and Jerry were shareholders of Water Ice Inc., an S corp. On Jan. 1, 1998, Ben owned 40 shares and Jerry owned 60 shares.

We are further told that Ben sold his shares to Joe for $10,000 on March 31, 1998 and that the corp. reported a $50,000 loss at the end of 1998. The loss that will be allocated to Joe will be:

= $50,000 × 40% × 9/12

= $50,000 × 0.4 × 0.75

= $15,000

The closest figure we have close to that is $15,060 which is option B

7 0

3 years ago

Clint Hill, CEO of Oregano Systems, a software engineering company, holds internal contests on the company intranet to get his e

kodGreya [7K]

Answer:

C) Bottom-up approach

Explanation:

The bottom-up approach refers to a management style where employee feedback is very valuable. Employees are generally invited to participate in the decision making or goal setting processes. The communication flows from the bottom of the organization to upper management levels.

In this case Hill, organizes an internal contest in order to get new business ideas.

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3 years ago

The Federal Reserve System (the 'Fed') was created by the Federal Reserve Act, passed by Congress in 1913, and began operations

ohaa [14]

Answer:

b. it promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets.

Explanation:

This is generally what the federal reserve does, and they try to stop both deflation and inflation

3 0

3 years ago

Assume the following data for Cable Corporation and Multi-Media Inc.

Tatiana [17]

Answer:

a-1 Cable Corporation 13.05

Multi-media Inc. 33.1%

a-2 Multi-Media Inc.

2. Cable Corporation Multi-Media Inc.

Net income/Sales 9.84% 5.19%

Net income/Total assets 7.76% 14.51%

Sales/Total assets .79 times 2.80 times

Debt/Total assets 40.55% 56.17%

Explanation:

a-1. Computation to determine the return on stockholders’ equity for both firms.

CABLE CORPORATION

Using this formula

Return on Stockholders’ Equity= Net Income / Stockholder’s equity

Let plug in the formula

Return on Stockholders’ Equity=$31,200 / 239,000

Return on Stockholders’ Equity= 0.1305*100

Return on Stockholders’ Equity=13.05%

MULTI-MEDIA INC.

Return on Stockholders’ Equity=$140,000 / 423,000

Return on Stockholders’ Equity= 33.1%

a-2. Based on the above calculation the firm that has the higher return is MULTI-MEDIA INC.

b. Computation for the following additional ratios for both firms.

Cable Corporation Multi-Media Inc.

Net income/Sales 9.84% 5.19%

($31,200/317,000=9.84%)

($140,000/2,700,000=5.19%)

Net income/Total assets 7.76% 14.51%

($31,200/402,000=7.76%)

($140,000/965,000=14.51%)

Sales/Total assets .79 times 2.80 times

(317,000/402,000=.79 times

(2,700,000/965,000=2.80 times)

Debt/Total assets 40.55% 56.17%

(163,000/402,000=40.55%)

( 542,000/965,000=56.17%)

4 0

3 years ago