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3 years ago

5

Earning revenue ____________________ a. decreases assets, increases liabilities b. increases assets, decreases stockholders' equ

ity c. increases one asset, decreases another asset d. increases assets, increases stockholders' equity

1 answer:

guajiro [1.7K]3 years ago

3 0

Answer:

d. increases assets, increases stockholders' equity

Explanation:

The journal entry for earning revenue is shown below:

Cash A/c Dr. XXXXX

To Sales revenue A/c XXXXX

(Being revenue is earned)

Since the revenue is earned so we debited the cash account which increases the asset balance and credited the sales revenue account which increases the stockholders' equity balance.

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A organization in which specialists from different parts of the organization are brought together to work on specific projects b

Genrish500 [490]

Answer:

Matrix organization structure

Explanation:

A matrix organizational structure is a work arrangement in which employees report to two or more supervisors rather than one line manager overseeing every project aspect. The reporting relationships are grid-like, with employees reporting to both product and functional managers. For example, an employee may have a direct manager they report to, plus one or more project managers they operate under.

The matrix organizational structure is useful when sharing skills across departments is necessary to complete a project.

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3 years ago

On January 1, Parson Freight Company issues 7%, 10-year bonds with a par value of $2,000,000. The bonds pay interest semiannuall

Minchanka [31]

Answer:

The correct option is Debit Cash $1,864,097; debit Discount on Bonds Payable $135,903; credit Bonds Payable $2,000,000.

Explanation:

This question is an instance of bonds issued at a discount. This happens when a bond is issued below the face value of the bond and also happens when the coupon rate on the bond payable is less than the market rate.

The face value of the bond payable is $2,000,000 while the market value is $1,864,097, so there is a discount of $2,000,000 - $1,864,097 = $135,903 on the bond payable, which is to be amortized over the life of the bond payable.

So, the appropriate journals to record this transaction is as provided above.

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3 years ago

A customer opens a short margin account by selling short 600 shares of XYZ stock at $80 per share and deposits the required marg

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Answer:

It will increase by 50%

Explanation:

Equity is given as: credit - short market value.

Find attached below table of solution

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3 years ago

Which of the following best describes equilibrium?

QveST [7]

Answer:

C. A situation where no economic agent would benefit by changing his or her behavior

Explanation:

An economic equilibrium is when the agents are optimizing their decisions and opposing market forces are equal. This point allows the economic agents to maximize their utility and any change from this point will cause all agents to move away from potential maximum benefits.

In a natural equilibrium there is usually no government intervention so option A is false. Option B gives only one agent potential benefits and as such there is no equilibrium. Option D is conditional and may or may not happen as when the agents find missing information they would optimize again and move to an equilibrium.

Hope that helps.

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3 years ago

Describe a situation in which your ability to do a great job was prevented by a company, a peer, or a supervisor. What prevented

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3 years ago