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Daniel [21]
3 years ago
12

When the company pays rent expense for the current month, what is the effect on the accounting equation for that company?

Business
1 answer:
GREYUIT [131]3 years ago
3 0

Answer:

decrease the stockholder equity and decrease in assets

Explanation:

As we know, the accounting equation is  

Total assets = Total liabilities + stockholder equity

In the given case,  

The rent is paid for the current month, so the journal entry would be

Rent expense A/c Dr XXXXX

    To Cash A/c XXXXX

(Being rent is paid)

So it decreases the stockholder equity as it includes the income and expenses part and it decreases in assets as it reduces the cash balance

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Supervisors are apt to be directly involved in which activities related to human resources? (Select all that apply) Multiple sel
sergij07 [2.7K]

Supervisors are apt to be directly involved in  activities related to human resources which includes job analysis and design, recommendation of pay increases, performance appraisals, and  employee training.

<h3>What is Human Resources activities?</h3>

Human resource activities refers to all the activities related with manpower in a organisation. These includes recruitment, selection, training and development and performance appraisal.

A supervisor refers to a person who take all the administrative in charge within a company. He analyze and evaluate the performance of each employee and help them in involving in the activities related to human resources.

The responsibility of supervisor includes the needs of organisation, checking the performance of employee and provide them direction and support and encourage communication between employees and employer.

Learn more about Human Resource, here:

brainly.com/question/20749711

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4 0
1 year ago
When you're planning a convention, which of the following steps would you complete first? A. Select the site. B. Write the invit
blagie [28]
Hello,

Here is your answer:

I think the proper answer to this question will be option A "select a site". That's just because when planing a convention you have to find a place to hold it, form the committee, write the program, and then you have to write invites.

Your answer is A!

If you need anymore help just ask me!
7 0
3 years ago
Fred's Paper Shop frequently buys paper from Online Office Supplies, Inc. Online Office Supplies and Fred's Paper Shop decide to
madam [21]

Answer:

likelihood that disputes will arise under their contract is reduced.

Explanation:

One of the advantages of entering into a partnering agreement is that the likelihood that disputes will arise under their contract is reduced. This is mainly due to the fact that the agreed upon contract contains all the rules and regulations that both entities have agreed to follow. Therefore if there is any difference in decision the contract can be brought up and must be followed.

3 0
3 years ago
Which of the following options is a better purchase for a bicycle?
Bess [88]

Answer:

Option 3: $12 down with equal payments of $5 for 12 months

Explanation:

In option 1 :

The cost is $ 88,

In option 2 :

Down payment = $ 5,

Weekly payment = $ 8,

Number of weeks = 10,

So, the total cost = 5 + 8 × 10 = 5 + 80 = $ 85,

In option 3 :

Down payment = $ 12,

Monthly payment = $ 5,

Number of months = 12,

So, the total cost = 12 + 5 × 12 = 12 + 60 = $ 72,

In option 4 :

Down payment = $ 20,

Monthly payment = $ 20,

Number of months = 12,

So, the total cost = 12 + 20 × 12 = 12 + 240= $ 252

∵ 72 < 85 < 88 < 252

Hence, option 3 is better.

6 0
3 years ago
(Advanced analysis) The demand for commodity X is represented by the equation P = 10 - 0.2Q and supply by the equation P = 2 + 0
ioda

Answer:

Q = 10

Explanation:

Assuming that supply remains the same, the new supply and demand equations are, respectively:

P_S = 2 + 0.2Q\\P_D = 7 - 0.3Q

The equilibrium quantity occurs at the point for which the prices in the supply and demand equations are the same:

2 + 0.2Q = 7 - 0.3Q\\0.5Q=5\\Q=10

The new equilibrium quantity is Q = 10.

5 0
3 years ago
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