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krek1111 [17]
3 years ago
8

Lakeland Consulting purchased computer equipment for $10,000. Lakeland made a $2,000 down payment with the balance due within 90

days. The effect of the transaction is a(n): Multiple Choice Decrease in assets of $2,000, an increase in liabilities of $8,000, and an increase in owner's equity of $10,000
Business
1 answer:
natta225 [31]3 years ago
3 0

Answer:

Increase in assets of $8,000 and an increase in liabilities $8,000

Explanation:

The effect of the transaction is shown below with the help of the accounting equation

Liabilities + Owner equity = Assets

$8,000       + 0                        = $8,000

($10,000 - $2,000)

Therefore from the above calculation,  we can see that there is an increase in assets also there will be an increase in liabilities but no effect on stockholder equity

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Explanation:

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Answer:

The Net Present Value is - $20324

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We can use our financial calculator to work out the NPV using the cashflows from the different periods and using the discount rate given. Which is 18%.

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We now use our financial calculator and input these amounts into the calculator.

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