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Vikki [24]
3 years ago
6

Alpha Company has assets of $620,000, liabilities of $260,000, and equity of $360,000. It buys office equipment on credit for $8

5,000. What would be the effects of this transaction on the accounting equation?
Business
1 answer:
Sliva [168]3 years ago
3 0

Answer: Increase in assets and increase in liabilities.

Explanation: As we know that accounting equation is denoted as :-

Assets = capital + liabilities

where,

. Assets are the resources owned by the firm for the generation of revenue.

. Capital means the funds procured by company in the form of contribution        by the owners or in the form of debt.

. Liabilities are the obligations on the company.

.

Purchase of office equipment on credit will result in increase in assets as office equipment is used for administration purposes and as it is purchased on credit it will also increase its liabilities.

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Answer:

Most likely to do:

(C). Offer to help others complete their tasks; observe their work process and provide some tips that might help them.

Least likely to do:

(B).Remind your coworkers of performance expectations and that they need to be working harder to complete tasks.

7 0
3 years ago
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The net income reported on the income statement for the current year was $240,000. Depreciation was $52,000. Accounts receivable
Tpy6a [65]

Answer:

$325,500

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net income $240,000

Adjustment made:

Add : Depreciation expense $52,000

Add: Decrease in accounts receivable $5,000

Add: Decrease in inventory $15,000

Add: Increase in accounts payable $14,000

Less: Increase in prepaid expenses -$500

Total of Adjustments $85,500

Net Cash flow from Operating activities               $325,500

This is the answer and the same is not provided in the given options

4 0
3 years ago
Why does excessive fishing occur?
Diano4ka-milaya [45]

Explanation:

Growth overfishing occurs when fish are harvested at an average size that is smaller than the size that would produce the maximum yield per recruit.

8 0
2 years ago
A monopolistically competitive market has characteristics that are similar to:a. a monopoly only.b. a competitive firm only.c. b
Ber [7]

Answer:

c. both a monopoly and a competitive firm

Explanation:

A monpolistically competitive firm is a firm that has the features of both a monopoly and a competitive firm

Characteristics of a monopoly in a monpolistically competitive firm:

1. Products are differentiated in a monpolistically competitive firm.

2. Firms are price setters.

Characteristics of perfect competition in a monpolistically competitive firm:

1. There is free entry and exist into the industry.

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4 0
3 years ago
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algol [13]

Answer:D. Many cost reduction opportunities exist and cost of reduction is low

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Since the project has not commence the firm has lots of options to choose from and since the practical works has not started it's cheaper to substitute one method for another.

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