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3 years ago

Genesis company buys equipment for $900 machine on credit. this transaction will immediately affect the

1 answer:

soldier1979 [14.2K]3 years ago

4 0

Balance Sheet
This type of accounting reports gets its name from the way that the two sides of the condition above resources on the one side and liabilities in addition to investors' value on the other must offset. This is instinctive: an organisation needs to pay for every one of the things it claims (resources) by either acquiring cash (going up against liabilities) or taking it from financial specialists (issuing investors' value).

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Ogilvie Corp. issued 30,000 shares of no-par stock for $40 per share. Ogilvie was authorized to issue 53,000 shares.

Rudik [331]

Answer:

It will increase the assets of the company by 1200000,it will increase the equity of the company by 1200000.

Explanation: A No-par value stock or shares is a share that doesn't have any stated or designated value stated in its certificate.

Assets are value yielding or money making investments or facilities of a business Organisation.

Equity is a term used in accounting and investments to refer to the total value of a company's shares or stock.

THE EFFECTS ON OGILVIE CORP. WILL BE THE WORTH OF THE NO PAR STOCK *NUMBER OF UNITS ISSUED WHICH WILL BE EQUAL TO $40*30,000UNITS OF SHARES

=$1,200000 WORTH OF MONEY TO BE DOCUMENTED IN BOTH THE ASSET AND THE EQUITY OF THE COMPANY.

3 0

2 years ago

At a farmerâ€™s market, a basket of strawberries costs $20 and a basket of peaches costs $18. On Saturday, 23 baskets were sold

nlexa [21]

Based on the calculation done, there are 15 baskets of peaches.

x + y = 23 ..... i

20x + 18y = 430 ...... ii

From equation i, x = 23 - y ..... iii

Put equation iii into ii

20x + 18y = 430

20(23 - y) + 18y = 430

460 - 20y + 18y = 430

2y = 30

y = 30/2 = 15

x + y = 23.

x + 15 = 23

x = 23 - 15 = 8

Learn more about equations on:

brainly.com/question/13763238

4 0

2 years ago

Part of the decision to accept additional business should be based on a comparison of the incremental (differential) costs of th

postnew [5]

Answer:

TRUE

Explanation:

Marginal Benefit is addition to total benefit due to a business decision.

Marginal Cost is addition to total cost due to a business decision.

Marginal Benefit & Marginal Costs are determinants while considering a business decision. A decision will be taken if : Marginal Benefit ≥ Marginal Cost, as entrepreneurial decision maker would be better off or at least neutral while taking decision. If MB < MC , it is loss making for the entrepreneur to take that decision & hence is discouraged to take that.

6 0

3 years ago

Which of the following is not true about the national income identity given by the equation: S +(T - G) = 1 + CA?

kati45 [8]

Answer:

None of the options are False.

Explanation:

CA means Current Account Balance

T means Taxes

G means Government Spending

S equals National Savings and

I equals Investment

Cheers!

4 0

3 years ago

Individuals who give up looking for work because they don't feel that there are good prospects of finding a job are known as:

lord [1]

Individuals who give up looking for work because they don't feel that there are good prospects of finding a job are known as discouraged workers.
Correct answer: D
These type of workers have not found no suitable employment options in the past so they believe that there aren't any jobs for them and they are discouraged to search for a job.

8 0

2 years ago