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
liubo4ka [24]
3 years ago
5

Ckson's Programming paid its June of $500 cash. demonstrate how to use the accounting equation to record the transaction by comp

leting the following sentence.
Jackson would decrease _________ and increase ________ in the accounting equation.
Business
1 answer:
Dvinal [7]3 years ago
5 0

Answer:

Decrease <u>Cash </u>and Increase <u>Expense</u>

Explanation:

Jackson Programming paid $500 as rent for the month of June.

The accounting equation is is the basis of the double entry accounting principle system. It is an equation that stipulates that the balance sheet must remain balanced meaning every entry on the debit should be followed with a corresponding credit. It also means for every decrease there should be a corresponding increase.

In Jackson Programming;

A decrease is recorded in CASH because cash was paid, while an increase is recorded in EXPENSE because there is a corresponding increase in rent expenses.

You might be interested in
1. You and your best friend are brilliant entrepreneurs who are considering opening your own business tutoring struggling colleg
Anuta_ua [19.1K]

Answer:

a. Accounting profit for the business = $3,500

b. Economic loss = $1,000

c. The two friends can open the business and incur economic loss of $1,000 in the first year of operation.  In subsequent years, the revenue may increase to generate better economic profit.  This is the labor, risk, and reward of entrepreneurship.

d. If the two friends do not go ahead with the business because of the economic loss they suffer in the first year of operation, then they cannot be regarded as entrepreneurs.  They are merely laborers who cannot assume any risk for greater rewards tomorrow.

Explanation:

Cost of business per month:

Operating expenses = $4,000

Lease of building =        2,000

Total expenses =        $6,000

Revenue =                 $10,000

Accounting profit       $4,000

Economic profit:

Revenue =               $10,000

Total expenses =     $6,000

Opportunity costs:

Lost salaries              4,500

Lost Interest                500

Total costs             $11,000

Economic loss =     $1,000

4 0
3 years ago
Which of these statements about reverse logistics is BEST? A. Reverse logistics systems are usually more cost-efficient than for
lord [1]

Answer:

A. Reverse logistics systems are usually less cost- efficient than forward-based systems.

Explanation:

Reverse logistics is linked to the reuse of goods and services for all activities, this includes the management and the sale of surplus. Reverse logistics is the distribution of purchased products back into the business in the reverse direction of business process flow.

Reverse logistics systems are usually less cost- efficient than forward-based systems. Reverse logisticsprovides companies with revenues and strategic benefits.

7 0
3 years ago
If the unemployment rate is 5.8% and the number of unemployed persons is 15 million, the labor force is approximately:__________
Delicious77 [7]

Answer: 258 million

Explanation:

The labor force refers to the number of people who are employed and the unemployed who are also looking for work.

Let the labor force be represented by x. Based on the question given, we can form an equation which will be:

5.8% of x = 15 million

0.058x = 15 million

x = 15million / 0.058

x = 258 million

Therefore, the labor force is approximately 258 million.

6 0
3 years ago
Windsor Industries acquired two copyrights during 2017. One copyright related to a textbook that was developed internally at a c
Art [367]

Answer:

Balance sheet extract:

Intangible assets:

Copyright 1      $0

Copyright 2      $48,000

Explanation:

The points to note in the question are enumerated as follows:

An internally generated intangible asset cannot  be capitalized.By capitalization ,I mean its costs is treated as intangible asset to be amortized over its useful life.As a result,the $16,000 incurred on the internally generated intangible asset,specifically,the first copyright should be treated as expense when  incurred.

However,the second copyright that was bought from University Press can be treated as asset but cannot be amortized since it has indefinite life,but would be tested for impairment on a yearly basis,with impairment losses charged to profit or loss account.

7 0
3 years ago
Help me please!!!! I need your help and answer this question fully by paying attention to the question asked.
Harman [31]
Change what I write. Your teacher knows your style. 

One
People,especially teens, deal with this problem all the time. They may be poor and have to deal with clothing or even cleanliness issues. Who can afford 80 dollar designer jeans? Not everyone. Who can pay attention to makeup when you've had 3 meals in 3 days? That has to affect the way you look at the world. Even if money is not an issue, class is. There are always kids who pick on others because they can't fit in. If a person is lucky, their response is sports or something else that they excel at.  

Two
Everyone experiences stress. Money, exams, dates for important events, clothes, acceptance, parents (if you're a teen), teens (if you are a parent), using the family car responsibly can all contribute to stress. People under severe stress respond differently. Some become short tempered. Some become lethargic. Some turn to drugs which have their own set of symptoms, depending on the drug. One thing is for sure: people on drugs change dramatically. It's unmistakable. 

Four
Well this is pretty personal, especially if you've written on it before. A great coping mechanism is prayer for some people. It really doesn't matter who hears you, or what you say or how you say it. It only matters that you stay still and do it. The main thing is to try and shut yourself down while the stress is at it's highest point. Many older people are really stressed out by health. That especially requires quite times. Stop worrying is another way of coping. Most of the time worry does no good at all. Things causing stress will go away or they won't. Worry isn't going to bring things about any quicker or better. 
7 0
3 years ago
Other questions:
  • In the _____ marketplace model, ec technology is used to streamline the purchasing process in order to reduce the cost of items
    9·1 answer
  • Three reasons why people might accidentally overdraw are:
    7·1 answer
  • Nation A makes is illegal for its citizens to own more than one vehicle in order to reduce emissions. Nation A’s neighbor Nation
    15·1 answer
  • The following is selected information from Pina Colada Corp. for the fiscal year ending October 31, 2022. Cash received from cus
    7·1 answer
  • The forces that affect foreign markets may differ dramatically from those affecting domestic markets. This makes a careful------
    12·1 answer
  • Antonio would like to replace his golf clubs with a custom measured set. A local sporting goods megastore is advertising custom
    7·1 answer
  • Obama drives up​ miles-per-gallon requirements Emissions from all new vehicles must be cut from 354 grams to 250 grams. To meet
    11·1 answer
  • What is the Total expected equity financing for Amazon’s purchase of Walmart, at the assumed 50-50% equity and debt financing de
    8·1 answer
  • 2+5=32<br> 4 how is he 5 at the same time
    8·1 answer
  • When a manager makes scheduling decisions, he or she is making __________,
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!