All categories

3 years ago

Over the period of a year, Sam’s net worth increased. Which of the following could be true?

Business

2 answers:

s344n2d4d5 [400]3 years ago

6 0

Answer:

c on edge

Explanation:

lora16 [44]3 years ago

3 0

Answer:

The correct answer is c. Sam’s assets increased by more than his liabilities.

Explanation:

Taking into account the basic accounting equation (Assets - liabilities = equity), a greater variation on the side of the assets will always mean an increase in equity as long as the liabilities have a contrary behavior.

The theory of charge and credit refers to the effect that commercial transactions have on the equity equation. Each transaction affects the balance, changes the values in the equity without altering the balance of the opposition .

The theory of charge and credit is the set of rules that, based on the laws of equity, allow the registration of capital and other accounting facts through a system of accounts. In each of these transactions, at least two accounts act.

You might be interested in

If a listing broker or designated listing agent receives an offer on a property they may not lawfully disclose the offeror's mem

mojhsa [17]

It is True that listing broker or designated listing agent receives an offer on a property they may not lawfully disclose the offeror's membership in a protected class to the seller without the express written consent of the offeror

<h3>Who is a Listing Broker?</h3>

A listing broker helps property owners with the listing, marketing, and sale of their property. Listing brokers can work with commercial property owners as well as residential property owners, such as primary residences or vacation homes. Listing agents assist sellers with a range of responsibilities, including:

Putting the house on the market

Hiring a photographer to shoot the house

Choosing a reasonable selling price for the property

To learn more about Listing Broker from the given link

brainly.com/question/28076625

#SPJ4

3 0

1 year ago

ou need to give the customer something that they need." This statement best reflects the beliefs of marketers during the _____ E

kobusy [5.1K]

Answer: Marketing Era

Explanation:

The Marketing Era is one of the so-called eras of Marketing which defined how producers related to customers and hence try to show how marketing has changed over the years.

In the Marketing Era , the focus of producers was to give the customers items they actually needed and wanted so that instead of having to convince customers to buy goods that the company made which the customers may not have wanted, by making what the customer actually wanted, they would not have to spend so much on convincing them.

6 0

3 years ago

Harding Corporation acquired real estate that contained land, building and equipment. The property cost Harding $1,235,000. Hard

olya-2409 [2.1K]

Answer:

The value recorded for the building = $140,000

Explanation:

From the appraisal of the property, the following information is given:

Value of land = $296,000

Value of building = $880,000

value of equipment = $584,000

Total = 296,000 + 880,000 + 584,000 = $1,760,000

Next, we will calculate the percentage of the total value allocated to the building as follows:

Percentage allocated to building = (value of building ÷ total value) × 100

= (880,000 ÷ 1,760,000) × 100

= 0.5 × 100 = 50%

Next, since we now know that the building takes 50% of the property cost, and since $280,000 was paid, the value recorded for building will be 50% of the $280,000 paid, and this is calculated as follows:

value recorded for building = 50% of 280,000

= 50/100 × 280,000 = 0.5 × 280,000 = $140,000

6 0

3 years ago

Paul is exchanging a building with a market value of $600,000.00 and an adjusted basis of $450,000. He is exchanging it for an a

alukav5142 [94]

Answer:

Carpenter will have to pay taxes for a recognized gain of $150,000

Explanation:

When you are calculating taxes, you must use the adjusted a¿basis of the buildings.

Paul is exchanging a $450,000 building + $75,000 in cash for a $375,000 office building.

Paul's realized loss = $525,000 - $375,000 = $150,000

therefore Carpenter's recognized gain = $150,000

7 0

3 years ago

A manager has a gut feeling that some members are contributing more to the organization than other members. The first step the m

balandron [24]

Answer: This certain manager should be able to reach out to other the employes to join more organizations. I think that if these other employees are contributing to more organization than others, Then they will be more selected. The other employees that are not contributing will certainly be fired. Thanks this is my way of reasoning:)

4 0

3 years ago