Answer:
Collection of Cash on January 10
The Impact on ABC's accounting equation:
The Assets (Cash) will increase by $30,000 and another type of Assets (Accounts Receivable) will decrease by $30,000.
The collection of cash on January 10 does not affect the other side of the accounting equation.
Explanation:
The accounting equation shows that for every transaction, the Assets will be equal to the Liabilities + Owners' Equity. The explanation is that the financial resources which an entity owns actually belong to either creditors or equity owners in the form of financial obligations (liabilities) or contributed capital plus some parts of the net income over the years which the entity has reinvested in its business.
The accounting equation is the fulcrum of the double-entry accounting system. On a company's balance sheet, the accounting equation shows that assets equal the sum of the company's liabilities and shareholders' equity.
Answer:
b. statement printouts
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<u>Multiple-choice answers for this question are: </u>
a. Account balance checks b. statement printouts c. cash withdrawals d. money transfers
Explanation:
An ATM ( automated teller machine) provides a convenient way to perform some basic banking operations outside the banking hall. Customers can check their account balance, do transfers, deposit, and withdraw from their accounts from an ATM. A debit card is required to access the bank account via ATM.
An ATM does not print bank statements. A customer requiring a bank statement will need to walk into the banking hall to request the inquiries desk.
Answer:
Flexible manufacturing system
Explanation:
A flexible manufacturing system is a method of production that allows for the easy adjustment of a manufacturer to the type or quantity of product being manufactured whether predicted or unpredicted.
This flexible manufacturing system is possible by the configuration or reconfiguration of computer systems to take up various levels of production.
Flexible manufacturing system has its advantages and disadvantages like any other systems but the main advantage of the flexible manufacturing system is that it helps to effectively manage manufacturing resources such as time, effort, quality, etc.
Its disadvantages include high financial implication to set up, maintenance, complication of system, etc
I hope this helps.