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3 years ago

Slim purchases equipment with cash. The accounts affected are:____.

Business

1 answer:

Akimi4 [234]3 years ago

5 0

Answer:

Option B, Cash and equipment, is the right answer.

Explanation:

Option “B” is correct because the purchase of equipment shows that the Equipment account debit and cash account credit. Here the debit of equipment account shows that the equipment has been increased and the cash account credit means the cash has been decreased. Therefore, both accounts, cash, and equipment will be affected. The equipment account will be increased while the cash account will be decreased.

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Assume that you own a small boutique hotel. In an attempt to raise revenue you reduce your rates by 20 percent. However, your re

BigorU [14]

Answer:

Demand is inelastic

Explanation:

Demand is inelastic, means that the demand of the buyer does not change as the price varies or changes.

For example, the price rises by 15% and the demand falls by 1%, which is said to be that the demand is inelastic.

So, in this case, the boutique hotel, tries to increase the revenue through decreasing the rates through 20%, but the revenues decreases. Therefore, this situation is that the demand of the boutique hotel is inelastic.

7 0

3 years ago

In previous years, Cox Transport reacquired 2 million treasury shares at $20 per share and, later, 1 million treasury shares at

MArishka [77]

Answer:

The solution to the given problem is provided below.

Explanation:

Cash (1 million shares x 29) 29 mil

Paid- in capital – share repurchase (difference ) 7 mil

Treasury stock (1 million shares x 22 ) 22 mil

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3 years ago

Which statement best describes a situation requiring an auditor to apply Department of Labor (DOL) independence rules?

Lapatulllka [165]

Answer: a. The auditor provides services to employee benefit plans sponsored by governmental entities

Explanation:

Department of Labor independence rules apply to the audit services that are provided to employee benefit plans.

The situation requiring an auditor to apply Department of Labor (DOL) independence rules is when the auditor provides services to employee benefit plans sponsored by governmental entities

5 0

3 years ago

The most reliable capital budgeting technique that should be considered when comparing between mutually exclusive alternative in

tatiyna

Answer:

The most reliable capital budgeting technique that should be used when comparing mutually exclusive alternative investments is net present value.

The correct answer is C

Explanation:

Net present value is the difference between present value of inflow and present value of outflow. NPV is superior to other investment appraisal techniques because of its value additivity. Whenever conflict arises between net present value and internal rate of return, the conflict is resolved in the favour of net present value.

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3 years ago

____________ is an economy in which the government- ideally- has nothing to say about what

Stels [109]

Answer:

market economy

Explanation:

A market economy refers to the system in which supply and demand regulations direct commodity and service development. Supply involves natural, capital and labor. Demand involves customer, corporation, and government procurement.

In other terms, a market economy refers to the economic system in which innovation, manufacture and distribution choices are driven by the market mechanisms generated by market forces powers. The main feature of a market economy is really the presence of variable markets which play a leading role in allocating capital and output factors.

4 0

4 years ago