1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vagabundo [1.1K]
3 years ago
7

Cool Taste Company purchased $1,500 of supplies with cash. What effect does this transaction have on the accounting equation?

Business
1 answer:
Brrunno [24]3 years ago
5 0

Answer:

None

Explanation:

This transaction has a nil effect on the accounting equation.

The accounting equation is as given below;

Assets = Liabilities + Equity

The purchase of supplies with cash is a credit to cash and a debit to inventory. This represents a decrease in one asset and an increase in another of the same amount.

Hence no change happens to the equation.

The liabilities and equity account are not affected by the transaction.

You might be interested in
I need q 4 and 5 please:)
abruzzese [7]
I can’t see the questions very well
5 0
2 years ago
A significant summer drought takes place in several states, including lowa, Nebraska, Illinois, Minnesota, Indiana, and others.
viva [34]
I wanna say the answer is D it sounds the safest
5 0
2 years ago
Read 2 more answers
tAn employee has a claim on the cash flows of Martin’s Machines. This claim is defined as a claim by one of the firm's:
kap26 [50]

Complete Question:

An employee has a claim on the cash flows of Martin's Machines. This claim is defined as a claim by one of the firm's:

Group of answer choices

A. residual owners.

B. shareholders.

C. financiers.

D. provisional partners.

E. stakeholders.

Answer:

E. stakeholders.

Explanation:

An employee has a claim on the cash flows of Martin's Machines. This claim is defined as a claim by one of the firm's stakeholders.

A stakeholder can be defined as an individual or group of people that has an interest or concern in a business firm and usually either affect or be affected by the business.

Generally, the key stakeholders of business firm are its employees, public groups, suppliers, investors, creditors, consumers or customers. The employees working in an organization are key internal stakeholders because they play a significant role, function and have both financial and time-based investments in the operations of the business.

6 0
3 years ago
Your company is about to undertake a major investment project. The project will require an initial outlay of $100 million for fi
Tcecarenko [31]

Answer:

A) initial outlay = $150 million

Cash flow year 1 = [($30 - $25) x 0.6] + $25 = $28

Cash flow year 2 = [($30 - $25) x 0.6] + $25 = $28

Cash flow year 3 = [($30 - $25) x 0.6] + $25 = $28

Cash flow year 4 = [($30 - $25) x 0.6] + $25 + ($25 x 60%) + $50 = $93

B) Using a financial calculator, NPV = -$16.85 million

C) cash flow year 4 should increase by $24.667 million, meaning that the selling price must increase by $$24.667/0.6 = $41.11 million

minimum selling price $25 + $41.11 = $66.11 million

7 0
2 years ago
Most home insurance policies cover jewelry for $1,000 and silverware for $2,500 unless items are covered with additional insuran
rjkz [21]

Answer: $7200

Explanation:

From the question, we are informed that most home insurance policies cover jewelry for $1,000 and silverware for $2,500 unless items are covered with additional insurance. If $4,700 worth of jewelry and $6,000 worth of silverware were stolen from a family.

The amount of claim that would not be covered by the insurance will be:

= ($4,700 - 1,000) + ($6,000 - 2,500)

= $3,700 + $3,500

= $7,200

8 0
3 years ago
Other questions:
  • Calvert Corporation expects an EBIT of $25,300 every year forever. The company currently has no debt, and its cost of equity is
    11·1 answer
  • charcoal grills, accessories, and installation services for custom patio grilling stations. The State of Kentucky is planning ma
    9·1 answer
  • How does excessive money in the economy lead to inflation?
    12·1 answer
  • Accounting profit differs from economic profit because
    7·1 answer
  • A one-time gift to your college will provide $25,000 in scholarship funds next year with that amount increasing by 2 percent ann
    14·1 answer
  • Speechmaking is a form of power and therefore carries with it heavy ________ responsibilities.
    9·1 answer
  • When bic introduced disposable​ razors, the product and market met several criteria for using​ ________ pricing. the market was
    7·1 answer
  • Hitzu Co. sold a copier costing $6,500 with a two-year parts warranty to a customer on August 16, 2018, for $13,000 cash. Hitzu
    12·2 answers
  • Fred takes Betty to dinner at a very expensive and exclusive restaurant. The menu does not mention the prices. The server takes
    14·1 answer
  • The Oviedo Company is considering the purchase of a new machine to replace an obsolete one. The machine being used for the opera
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!