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ddd [48]
3 years ago
15

Jackson Electric Services Company incurred​ $800 as a repair expense and paid for it in cash. The company is a sole proprietorsh

ip. This transaction will​ ________. A. increase the assets of the business B. increase the liabilities of the business C. decrease the liabilities of the business D. decrease the​ owner's equity
Business
1 answer:
almond37 [142]3 years ago
5 0

Answer: Option D

Explanation: Owners equity refers to the amount of funds made available by the owners to operate the business activities. It includes initial capital invested and profits generated for the period

In the given case, the expense of $800 did not bring any assets or liabilities to the entity. Such an expense will be recorded in income statement leading to decrease in profits, thus, resulting in decrease in owners equity.

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With an inflation rate of 9 percent, prices would double in how many years?
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Answer:

8 years

Explanation:

the rule of 72 calculates how long it takes for an amount to double given interest rate

72 / 9% = 8 years

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rusak2 [61]

Answer:

False.

Explanation:

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Using high level diction liberally in business communication leads to unclear messaging. The reader may not know the meaning of the words so the aim of communication will be defeated.

Also high level diction can have different meanings in different circumstances.

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Which of the following statements regarding "Six Sigma" is TRUE? The Six Sigma program was developed by Toyota in the 1970s Six
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Answer:

The term has two distinct meanings–one is statistical; the other is a comprehensive quality system.

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