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Simora [160]
3 years ago
9

The following transactions were completed by the company.

Business
1 answer:
aleksandrvk [35]3 years ago
6 0

Answer:

a.

Assets : Increase by $6,000

Liabilities : No effect

Equity : Increase by $6,000

b.

Assets : Increase by $4,500

Liabilities : No effect

Equity: Increase by $4,500

c.

Assets : Decrease $1,650

Liabilities : No effect

Equity : Decrease $1,650

d.

Assets : Increase $2,250, Decrease $2,250

Liabilities ; No effect

Equity: No effect

e.

Assets : Decrease $800

Liabilities : No effect

Equity : Decrease $800

Explanation:

a.

Recognize Revenue and Assets of Cash

b.

Recognize Revenue and Assets in Trade Receivable

c.

Recognize an expense and de-recognize the Assets of Cash

d.

Recognize Assets in Cash and de-recognize Assets in Accounts Receivables.

e.

Recognize an Expense and de-recognise the Assets in Cash

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3 years ago
Farmer Joe is planning to purchase a new hog farm. He anticipates making $20,000 the first year, $25,000 the second year and $30
Pachacha [2.7K]

Answer:

The simple rate of return is 37.5%

Explanation:

Simple rate of return is the percentage of return on investment that takes the net annual return cash flow of an investment and compare with initial capital of the investment. It is calculated with this formula:

<u>Total annual return - Depreciation expense</u>

                Initial capital outlay

For farmer Joe, the simple rate of return is:

<u>$20,000 + $25,000 + $30,0000 -$0</u>     x   100

                    $200,000

=   <u>$75,000</u>  x 100

   $200,000

= 37.5%

Depreciation expense is assumed to be zero.

6 0
3 years ago
Pollution caused by candles isn't taken into account.Quality improvements as a source of well-being are ignored.GDP doesn't capt
hammer [34]

Answer:

D. The marginal cost of light is zero, and by convention zero-priced goods and services are excluded from GDP

Explanation:

Only things that have a monetary cost are included in GDP. Things that do not cost "anything" in monetary terms are not included, and this is a major shortcoming of GDP.

From an ecological economics standpoint, things like sunlight, air, and water are often not valued and included in GDP. This is the same case as in the question, because the marginal cost of light is zero, then, it is not included in GDP.

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3 years ago
Primrose Yard receives 15,000 large trees each year that they process into 15,000 rough logs. Currently, Primrose sells the roug
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Answer:

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Hence, the answer is

c. It should process further because the reduction in the cost of the trees is irrelevant.

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3 years ago
The payments a business makes for investing in capital expenses are known as Question 3 options: A) profits B) interest C) wages
rewona [7]
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3 years ago
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