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
Oksi-84 [34.3K]
3 years ago
12

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

Business
1 answer:
soldier1979 [14.2K]3 years ago
4 0
<span>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).</span>
You might be interested in
Walmart is opening 12 stores to test the concept of walmart express, stores that are one-tenth the size of its supercenters and
Alecsey [184]
The answer that best complete the blank provided above is the term CANNIBALIZATION. Product cannibalization happens when a new product that is being introduced by the same producer, eats up the sales of the other products that exist in the same market resulting in the decrease of the overall sales.
6 0
3 years ago
Lindsay​ Electronics, a small manufacturer of electronic research​ equipment, has approximately 6 comma 800 items in its invento
Nitella [24]

Answer:

99 items

Explanation:

Total number of items = 6,800

The number of items per type is:

A= 6,800*0.08\\A=544\ items\\B= 6,800*0.34\\B=2,312\ items\\C= 6,800*0.58\\C=3,944\ items

The number of items of each type counted per day is:

n_A=\frac{544}{20}\\n_A=27.2\\n_B=\frac{2312}{59}\\n_B=39.2\\n_C=\frac{3944}{121} \\n_C= 32.6\\

The total number of items counted per day is:

n = n_A+n_B+n_C=27.2+39.2+32.6\\n=99\ items\ per\ day

6 0
3 years ago
Rick and Joe get together and start a mortgage brokerage business. They each contribute $25,000 of capital to the business. Afte
bezimeni [28]

Answer:

a.common stock.

Explanation:

The additional $10,000 of owners equity after listing on the stock market will be named as common stock. After listing company issues shares for capital investment in it. Common stock is the appropriate term used for every addition in the owners equity. So the correct option is a.common stock.

7 0
3 years ago
The assumption that in the absence of contrary information a business entity will continue indefinitely is the:
const2013 [10]

Answer:

(D) Going concern assumption.

8 0
3 years ago
Melba purchases land from Adrian. Melba gives Adrian $225,000 in cash and agrees to pay Adrian an additional $400,000 one year l
Scorpion4ik [409]

Answer:

  • Melba's adjusted basis for the land at the Acquisition date is $625000
  • Melba's adjusted basis for the land one year later is $645000

Explanation:

The adjusted basis for a property/land is the net cost of the property after adjusting for factors that might attract tax as related to the land

The adjusted basis for the land at the acquisition date is the net cost of the land at the acquisition date which will be ( $225000 + $400000 ) because that was the net cost of the Land at the date of acquisition before an agreement was later reached by Melba requiring him to pay $400000 plus an interest of 5%

Hence the adjusted basis for the land one year later will be

=  ( $225000 + $400000 ) + 5% of $400000

= ( $625000 ) + $20000

= $645000

6 0
3 years ago
Other questions:
  • True or false: gross domestic product (gdp) cannot be used to measure the economy’s income. true
    13·1 answer
  • On October 1, 2021, Stripes Inc. lends $100,000 to another company and accepts a 24-month, 6% note. What is the amount of intere
    5·1 answer
  • Company A estimates that it needs 30% of sales in net working capital. In year 1, sales were $1 million and in year 2, sales wer
    5·1 answer
  • Assume that the amount that you have to actually borrow for your ski and bike rental business mentioned in the previous question
    6·1 answer
  • What is the name for the decrease in value of a fixed asset as it gets used and worn out over time?
    11·2 answers
  • Name three factors that can contribute to increased output of goods and services in a country. Explain how these factors can imp
    5·1 answer
  • Obviously, the lifetime membership isn’t a good deal if you only remain a member for a couple of years, but if you remain a memb
    15·1 answer
  • What is it called when you are able to touch and feel a product?
    10·1 answer
  • Explain what the characteristics are for a partnership
    15·1 answer
  • for a monopolist, the market demand curve: a is also the demand for the monopolist's product. b is not important since the monop
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!