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kap26 [50]
3 years ago
10

An owner withdrawal of $20,000 would: A. decrease owner’s equity and increase assets by $20,000. B. increase owner’s equity

and decrease liabilities by $20,000. C. increase liabilities and assets by $20,000.
Business
1 answer:
ch4aika [34]3 years ago
6 0

Answer:

C)  increase liabilities and assets by $20,000.

Explanation :

Any financial transaction affects both assets and liability equally. If asset is increased , liability also is increased and vice-versa.

In the given problem , Option  A and option B states that while one increases , other decreases. which is not possible .

So option C is correct.  

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Hide or show questions Progress:10/40 items Roman Industries' plant operates five days per week with a daily payroll of $6,000.
Stels [109]

Answer:

$12,000

Explanation:

Calculation to determine the amount of Wages Expense recorded on the next payday, Saturday, April 3

Wages Expense =$6,000*2days

Wages Expense = $12,000

Therefore the amount of Wages Expense recorded on the next payday, Saturday, April 3 will be $12,000

4 0
2 years ago
What is the main goal of a six sigma implementation?
ki77a [65]
Overall improvement of quality.

The goal is to Increase profits by eliminating existing product variability, defects and waste that are undermining customer loyalty.

I found a diagram on google that’s colorful and looks helpful if you’d like to doodle it in your notes ☺️

5 0
3 years ago
Suppose you win a small lottery and have the choice of two ways to be paid: You can accept the money in a lump sum or in a serie
Paraphin [41]

Answer:

The correct answer would be option A, The lump sum is always better.

Explanation:

If I would have to give advice to my friend who is in the same situation as i was in some time back, I would recommend him to go for the Lump sum choice. This is because of the fact that the interest rate compounded in three years payment schedule will result in the less value of what I am getting today. Accepting the lump sum value in contrast with accepting the yearly payments on 9% interest rate would be better off because it has more value at present.

5 0
3 years ago
Jason and Mary are married taxpayers in 2019. They are both under age 65 and in good health. For 2019 they have a total of $41,0
Elis [28]

Answer:

a. Adjusted Gross income is calculated as;

= Wages + Interest - Deduction

= 41,000 + 700 - 5,000

= $36,700

b. The couple will pick their Standard deduction in 2019 because its more than the itemized deduction.

Standard deduction for couples in 2019 = $24,400

c. I assume you mean their 2019 taxable income which is;

= Adjusted Gross income - Standard deduction

= 36,700 - 24,400

= $12,300

<em>Note; As of 2018 there are no more personal deductions. </em>

7 0
3 years ago
The price of wheatwould be â$nothingper bushelif there was no price support. In order to maintain the priceâ support, the govern
horrorfan [7]

Answer:

$5, 200 bushels of wheat

Explanation:

From the diagram the price support was at $6 per bushel, however if the government removes the price support or if there was no price support, then the price of the wheat will be $5 for a bushel. And in order to maintain the price support, from the diagram below, it is expected that the government would have to purchase 200 bushels of wheat.

4 0
3 years ago
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