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Alex
3 years ago
13

Equipment is a(n) _____________ account. It is reported on the _____________ side of the accounting equation and is ____________

_ when equipment is purchased.
Business
1 answer:
Stella [2.4K]3 years ago
3 0

Answer:

Equipment is an _asset__ account. It is reported on the _left_ side of the accounting equation and is __increased__ when equipment is purchased

Explanation:

Buying more Equipment is an asset to company in the sense that it helps in boosting the company production output and in turn generating more profit. It is reported on the left side of the company accounting equation. The aggregate equation increases as the number of equipment purchase increases.

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A firm will shut down in the short run if the total revenue that it would get from producing and selling its output is less than
maxonik [38]

Answer: A firm will shut down in the short run if the total revenue that it would get from producing and selling its output is less than its C. variable costs.

Explanation: A variable cost is a cost that will vary depending on the level of output that is needed. If more units of an item are needed, the variable costs will likely rise whereas if the product numbers go down, they will too. A variable cost changes and a fixed cost stays the same regardless of the production amount.

3 0
3 years ago
Journalizing issuance of stock—at par and at a premium
suter [353]

Answer:

a.

Cash                                                                           27000 Dr

     Common Stock                                                            13500 Cr

     Paid in capital in excess of par-Common stock         13500 Cr

b.

Cash                                                    135000 Dr

     Preferred Stock                                   135000 Cr

Explanation:

a.

When we issue stock at premium, we always record the amount received from such issuance of stock at full. So, the cash account will be debited for 4500 * 6 = 27000

However, we record the common stock issued at par value and the remaining is credited under the reserve account which is Paid in capital in excess of par.

Thus the common stock will be credited by its par value of 4500 * 3 = 13500 and the remaining 4500 * 3 will be credited to the Paid in Capital account.

b.

The par value of the preferred stock is 4500 * 30 = 135000

Thus the preferred stock is issued at par and we simply debit the cash received from the issue and credit the preferred stock.

4 0
4 years ago
Mindy is acknowledging the team members for their contribution to the project and making sure all contracts have been paid. She
Darya [45]

project-initation phase

7 0
3 years ago
The communication process begins with a(n) ______, the person who ______ a message.
goblinko [34]

The communication process begins with a(n) <u>sender</u>, the person who <u>receives </u>a message.

<h3>What are the parts of communication?</h3>
  • Sender. who is conveying the message
  • Receiver. the recipient of the message
  • Message: The details the sender is communicating to the recipient
  • Communicating channel: The technique utilized to send a message
  • Decoding: Interpreting the message, done by the receiver
  • Feedback: When appropriate, feedback is a reply provided back to the sender.

A thorough knowledge of each of these topics is crucial for the sender. For instance, the channel and informational style may differ depending on the receiver's identification. Smart messaging also requires an understanding of how messages are decoded.

To learn more about communication from given link

brainly.com/question/26152499

#SPJ4

5 0
2 years ago
The government purchases multiplier equals the change in​ ________ divided by the change in​ ________.
Anit [1.1K]
Your answer is <span>equilibrium real GDP; government purchases. </span>
7 0
3 years ago
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