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
Lelechka [254]
3 years ago
9

If a company purchases equipment costing $4,500 on credit, the effect on the accounting equation would be: Multiple Choice Asset

s increase $4,500 and liabilities decrease $4,500. One asset increases $4,500 and another asset decreases $4,500. Equity decreases $4,500 and liabilities increase $4,500. Equity increases $4,500 and liabilities decrease $4,500. Assets increase $4,500 and liabilities increase $4,500.
Business
1 answer:
Firdavs [7]3 years ago
8 0

Answer: Assets increase $4,500 and liabilities increase $4,500.

Explanation:

An asset are the properties which a business or an organization owns. An asset possess an economic value.

Since the equipment purchased is an asset, this will lead to an increase of assets by $4500 and since it was bought on credit and hasn't been paid for, liabilities will also increase by $4500.

You might be interested in
Which of the following total cost functions suggests the presence of a natural​ monopoly?
monitta

Answer: B. TC​ = 50​ + 20Q

Explanation:

A Natural Monopoly is generally associated with a firm that has very high initial fixed costs. These costs are generally related to the use of high scale technology or machinery to operate effectively.

Some examples include, gas pipelines, electricity grids, and the like.

They act as both a deterrent for companies to join the market as well as to exit.

Option B shows the typical Total Cost function of a Natural Monopoly and reflects the high initial costs as well.

8 0
3 years ago
Suppose the price of a tie rises from $45 to $55. using the midpoint method, what is the percentage change in price?
Vinvika [58]
<span>By midpoint formula, the percentage change in the price of a tie = {( $55 - $45) / [($45 + $55)/2]} * 100 = (10/50) * 100 = 20 percent</span>
4 0
3 years ago
Which of the following types of promotion includes a two-way conversation?
Nikitich [7]

Answer:

C. Personal selling

Explanation:

In personal selling, a sales representative engages the customer on a one-one conversation in an attempt to persuade them to buy a product or service. The sales person makes us of his or her skill, experience, and abilities to convince the buy the goods or services. Personal selling is also known as face-face selling.

Personal selling requires a sale representative to have good interpersonal skills.  The salesperson will point out at the salient features and benefits in a bid to convince the customer that the product will add value to them. The customers seek as much information as they desire and gets the opportunity to negotiate for better prices.

7 0
3 years ago
The determination of an exchange price acceptable to both the buyer and the seller of a product is called
antoniya [11.8K]

Answer: pricing

Explanation:

Pricing is the determination of an exchange price acceptable to both the buyer and the seller of a product.

When a seller is determining the price of a product, she considers cost of production, projected revenue, price of competitors, market condition and regulation.

A buyer would consider the quality of the product ,economic conditions and utility when deciding on the price to acquire a product.

The different types of pricing strategies are -

1. Penetration pricing - when prices are set very low to attract customers and to gain access into a market.

2. Premium pricing- when prices are set very high so that the product would appeal to certain consumers.

6 0
3 years ago
A. Was Apple wrong for not complying with the F<br>BI’s request? <br><br><br>​
Vaselesa [24]

Answer:

No

Explanation:

"It would be wrong to intentionally weaken our products with a government-ordered backdoor."

one reason being that if passcodes could be input electronically, iPhones would become easier to unlock via "brute force."

The government would be able to destroy the amazing privacy policy apple has

6 0
3 years ago
Other questions:
  • The employees of Wingim Corp. were unhappy with the new policies that were introduced by the management, so they decided to rebe
    8·1 answer
  • Alpha Construction uses dynamite to blast stone as part of a road construction project. Despite following best safety practices
    6·2 answers
  • Which is an example of a cultural block
    5·1 answer
  • What is 25 x 5? please help i cant do?
    7·1 answer
  • Which best explains why a credit score represents
    9·1 answer
  • The money paid to stockholders from the corporation's profit is known as
    15·1 answer
  • Super Saver Groceries purchased store equipment for $25,000. Super Saver estimates that at the end of its 10-year service life,
    7·1 answer
  • Evidence-based HR refers to the practice of initiating disciplinary action against employees only in the presence of clear and d
    7·1 answer
  • More investments can increase economic growth by _____.
    15·2 answers
  • The December 31, 2020 balance sheet of Barone Company had Accounts Receivable of $400,000 and a credit balance in Allowance for
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!