3 years ago

Smith Decorating Services pays $200 cash for rent expense. How would this transaction affect the accounting equation?

Business

1 answer:

Pavel [41]3 years ago

5 0

Equity would decrease (Expenses, Rent Expense in this case, causing Retained Earnings to decrease).

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Help me to answer thi Q! Thanks!

cestrela7 [59]

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3 years ago

It's & called

mr_godi [17]

Its called Commensalism – symbiotic

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2 years ago

The Dean Company has sales of $500,000, and the break-even point in sales dollars of $300,000. What is the company’s margin of s

postnew [5]

Answer:

40%

Explanation:

The Dean company have a sales of $500,000

The break-even point in sales dollar is $300,000

Therefore, the company's margin of safety can be calculated as follows

Margin of safety= Sales-break-even sales/sales

= $500,000-$300,000/$500,000

= $200,000/$500,000

= 0.4×100

= 40%

Hencethe company's margin of safety percentage is 40%

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2 years ago

econ George and John, stranded on an island, use clamshells for money. Last year George caught 300 fish and 5 wild boars. John g

kupik [55]

Answer:

The GDP of the island is 1,350 clam shells.

Explanation:

George and John produce fish, boars, and bananas in their two-person economy. Fish sell for 1 clamshell each, boars sell for 10 clamshells each, and bananas go for 5 clamshells per bunch.

In this economy, the GDP will be the value of final goods and services produced. Intermediate goods will not be included.

Digging bait for fishing and the purchase of banana trees will not be included in the GDP.

The GDP of the island in terms of clamshells will be

= $(300\times 1) + (5\times10)+(200\times5)$

= 300 + 50 + 1,000

= 1,350 clam shells

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3 years ago

Amos does not want to find new customers or create new products. instead, he is opening more stores and improving the marketing

GarryVolchara [31]

This is known as <u>market penetration-</u> instead of expanding his market to new customers or products he is doing a deeper development of the customers he already has to increase loyalty and sales.

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3 years ago