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
Phoenix [80]
3 years ago
12

During the year, Bassett Company paid a total of $58,000 for inventory. In one transaction, Bassett sold inventory that had cost

the company $1,400 for $4,300 on accounts receivable. How much did total assets increase (decrease) as a result of this one transaction?
Business
1 answer:
a_sh-v [17]3 years ago
6 0

Answer:

$2,900 Increase

Explanation:

Considering the transaction

  • Bassett sold inventory that had cost the company $1,400 for $4,300 on accounts receivable - Here, inventory reduces by $1,400 while accounts receivable increase by $4,300. This leaves a net impact of $2,900 (4300-1400) on total assets.

Hence the results of this one transaction is an increase of total assets by $2,900.

You might be interested in
Computer game companies constantly monitor computer game-related blogs keeping track of the latest hot products, because they kn
yarga [219]

Answer:

benefit of staying relevant within the market

Explanation:

Based on the information provided within the question it can be said that this perspective that the Company has taken gives them the benefit of staying relevant within the market. This is because by providing gamers with new and great products, they are giving them exactly what they want which will in term increase sales/profits for the company as well as attention from potential customers.

If you have any more questions feel free to ask away at Brainly.

3 0
3 years ago
What is one potential benefit of establishing trade barriers?
Nadya [2.5K]

Answer:

D)They provide domestic consumers with a wider variety of goods.

3 0
3 years ago
Seven sources of waste use resources that do not add value to the product or service. Which activity represents waste: Select on
NARA [144]
D packaging finished goods.
4 0
3 years ago
Workers paid $15.00 per hour with an overhead charge of 1.45 and a personal time allowance of 1.15, have what total direct labor
uranmaximum [27]

$200.10 is the total direct labor cost for an 8-hour work day if a workers paid $15.00 per hour with an overhead charge of 1.45 and a personal time allowance of 1.15.

When a company incurs direct labor costs, it means that all of the expenses associated to paying employees' wages and other benefits for work that is directly relevant to the production of the company's goods or to the delivery of services are paid by the company.

Direct labor costs are the total expenses incurred by the business for paying employees' wages and other perks in exchange for work that is directly relevant to the production of the business's goods or the rendering of its services.

Direct labor cost is one of the significant components of the company’s product cost. It includes the total paid as wages or the other benefits to the company’s employees. They are related directly to the manufacturing of the company’s product or the provision of the services.

Learn more about Direct labor cost here

brainly.com/question/14671852

#SPJ4

8 0
1 year ago
If the economy is in decline, and the Federal Reserve wants to encourage banks to lend to consumers, which step will the Fed lik
Georgia [21]
<span>b.Decrease the discount rate.</span>
5 0
4 years ago
Other questions:
  • As a team leader when you need the team to to demonstrate greater flexibility and focus on the task due to a pending client dead
    13·1 answer
  • On January 2, 2018, Howdy Doody Corporation purchased 12% of Ranger Corporation's common stock for $52,000. Ranger's net income
    6·1 answer
  • A company's ____________ is the percentage of the total target market for the product that belongs to the company.
    11·2 answers
  • PLEASE HURRY I WILL GIVE BRAINLIEST!!!!! Carleton is an employee in the Design/Pre-Construction pathway and typically works outs
    6·2 answers
  • A company’s total monthly sales (in millions of dollars) t months from now are given by:
    7·1 answer
  • A work team is characterized by ________.A) the goal of sharing informationB) the presence of neutral to negative synergyC) the
    11·1 answer
  • Garten Inc. is a publishing company. It has a very diverse workforce. When interns and new employees join the company, they are
    14·1 answer
  • The following information pertains to Blue Flower Company. Assume that all balance sheet amounts represent both average and endi
    14·1 answer
  • A monopolist:____.a. produces more than the competitive outcome. b. has zero profits. c. has the same profits as what would have
    10·1 answer
  • What is work?
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!