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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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A machine with a cost of $130,000, accumulated depreciation of $85,000, and current year depreciation expense of $17,000 is sold
MissTica

Answer:

Option E: $40,000 - Cash from sale of Machine

Explanation:

Cash flow from Investing activities section of the cash flow statement should include cash received on the sale of property, plant & equipment, cash paid to acquire property, plant & equipment, cash paid for investments in or as loans to other companies and dividends received from any investments.

In case of sale of a Machine, $40,000 received on sale should be reported as source of cash in the cash flows from investing activities section.

3 0
3 years ago
Joseph Marcantuone and Robert Gieson owned a shopping center in which one of the spaces was always leased as a dry cleaner. Even
Lina20 [59]

Answer:

Right now marcantuone and robert gieson ought not be held at risk for what the drycleaner inhabitants did.Because there was no release of perilous substance during their ownership.The chlorinated dissolvable pollution issue right now the aftereffect of dry cleaning activity led preceding the condemnee's acquisition of the property.There was no proof of a release of unsafe substance during the time of condemnee's ownership.The sullying was not found until after the condemner had procured the title to the property in the judgement activity.  

As indicated by the spill demonstration the obligation is vested on a condemner who bought debased property and didn't attempt any assessment or examination at the hour of procurement.

4 0
3 years ago
A snack manufacturer discovers that they must increase the salt content of chips by 14 milligrams before about 50 percent of the
Wewaii [24]

Answer:

difference threshold

Explanation:

Difference threshold is use by businesses or effectively reduce cost without affecting their profit margin .

It is the minimum amount of change that is required to make consumers of a product to notice the change 50% of the time.

In the given scenario the snack manufacturer discovers that they must increase the salt content of chips by 14 milligrams before about 50 percent of their consumers notice the change.

7 0
3 years ago
Consumers having more money to purchase computers will most likely result in
zysi [14]

What options do we knave to choose from? If we do not have any options, then the answer most likely is: the demand in computers will increase.

The reason for this is because if the consumers have more money to buy computers, the odds of them purchasing them are greater, which will increase the demand for the computers.

6 0
2 years ago
Read 2 more answers
Aline and Sarah decide to go into business together as economic consultants. Aline believes they have a 50-50 chance of earning
Ne4ueva [31]

Answer:

Option (D) is correct.

Explanation:

For Aline:

E(v) = Earning × Probability of earning + Don't believe earning × probability

= 200,000(0.5) + 0(0.5)

= 100,000

For Saraf :

E(v) = Earning × Probability of earning + Earning × probability

= 0.75(100,000)+0.25(10,000)

= 77,500

Therefore, the expected value of the undertaking is according to Aline, is $100,000.

4 0
2 years ago
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