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3 years ago

1) Show the effect of the following transactions on the Accounting Equation:

Business

1 answer:

Dennis_Churaev [7]3 years ago

6 0

Answer:

Assets=48,000

Liabilities=47,700

Capital=300

More explanations is as attached.

Explanation:

The accounting equation can be expressed as shown;

A=L+C

where;

A=assets

L=liabilities

C=capital

This is then written as;

Assets=liabilities+capital

More explanations is as attached.

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The capital impairment restrictions are established to ________. A. provide sufficient safety to equity holders B. constrain th

Paha777 [63]

Answer:

C. provide a sufficient equity base to protect creditors' claims

Explanation:

The capital impairments are when a company losses its asset and s a sort of restricting that is established to give a sufficient base to the protector credit claims as to when the dollar dividends and adjustment in earnings increases.

The dividend policy will not affect the total values of the forms issued capital and thus the capital impairment will be minimized in a most possible manner.

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3 years ago

The Tuck Shop began the current month with inventory costing $19,000, then purchased inventory at a cost of $52,950. The perpetu

DaniilM [7]

Answer:

Inventory shrinkage = $1,322

Explanation:

We know,

Inventory shrinkage = Ending inventory - Actual inventory at hand

Given,

Actual inventory at hand = $13,500

Ending inventory = Beginning inventory + Purchase - Inventory sold(Costing price)

Or, Ending inventory = $19,000 + $52,950 - $57,128

Or, Ending inventory = $71,950 - $57,128

Or, Ending inventory = $14,822

Therefore,

Inventory shrinkage = Ending inventory - Actual inventory at hand

Or, Inventory shrinkage = $14,822 - $13,500

Or, Inventory shrinkage = $1,322

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3 years ago

Managers who have the ability to understand, alter, lead, or control the behavior of others are said to possess ______ skills.

d1i1m1o1n [39]

Answer:

Managers who have the ability to understand, alter, lead, or control the behavior of others are said to possess human skills.

What is Human Skills?

having knowledge about and being able to work with people.

What is Skills?

the ability to use one's knowledge and competencies to accomplish a set of goals and objectives.

skills vs Skills.

skills refers to the general term, while Skills refer to the formal term "Skill Approach"

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2 years ago

ABC company issued 3000 shares of stock for $5 per share and issued 5000 shares for land valued at $10,000. How much cash did AB

stellarik [79]

Answer:

The cash received by ABC company from the issuing of stock is $15,000.

Explanation:

It is given that ABC company issued 3000 shares of stock for $5 per share.

The cash received by ABC company from the issuing 3000 shares of stock is

$Cash=3000\times \$5$

$Cash=\$15,000$

It is also given that ABC company issued 5000 shares for land valued at $10,000. It means ABC company received land instead of cash. So, total cash received by ABC company from the issuing of stock is $15000

Therefore, the cash received by ABC company from the issuing of stock is $15,000.

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3 years ago

Jensen is 25 years old, and he will be starting his career as a business analyst. According to Levinson, Jensen is in the _____

Svet_ta [14]

Based on the research studies and situation described, according to Levinson, Jensen is in the Novice phase of adult development.

Daniel Levinson was a famous researcher whose interest centered on different stages of life from childhood to old age.

Daniel Levinson concluded that early adulthood lies between the ages of 17 to 45.

This early adulthood is then categorized into two, the novice phase between 17 to 33 and the culminating phase, which is between 33 to 45.

Thus, given that Jensen is 25, it is concluded that according to Levinson, Jensen is in the Novice phase of adult development.

Hence, in this case, it is concluded that the correct answer is "Novice."

Learn more here: brainly.com/question/1578703

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2 years ago