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
Zanzabum
3 years ago
9

Which of the statements correctly represents the accounting equation?

Business
1 answer:
Anna007 [38]3 years ago
6 0

Answer:

What the accounting equation tells us is that everything that a firm owns, it acutally either owes it to the owners of the firm, or to creditors.

Explanation:

This is why the accounting equation is represented as:

Assets = Liabilities + Stockholders' Equity

Where Assets represent what the firm owns, liabilities is what the firm owes to creditors, and Stockholders' Equity (or Owners' Equity) is what the firm owes to the owners.

You might be interested in
Both Apple and Google sell electronic devices, and each of these companies has a different product mix.
Marrrta [24]

Answer:

Apple contribution margin

$    300 per unit

Apple Break even point:

$    120 units

Google contribution margin

 $   200

BEP

 $     50

Explanation:

\frac{Fixed\:Cost}{Contribution \:Margin} = Break\: Even\: Point_{units}

<em><u>Where:</u></em>

Sales \: Revenue - Variable \: Cost = Contribution \: Margin

Apple contribution margin

550 - 250 = 300 per unit

Apple Break even point:

36,000 / 300 = 120 units

Google contribution margin

470 - 270 = 200

BEP

10,000 /  200 = 50

3 0
3 years ago
1. The minimum age to receive a Class C drivers license is<br> A. 15<br> B. 16<br> C. 18
insens350 [35]
You would need to be at least 18 years old to hold a valid Ontario licence
4 0
3 years ago
Read 2 more answers
Both supply and demand concepts rest on the relationship between quantity supplied or demanded.
Rashid [163]

Answer:

False

Explanation:

Both supply and demand concepts rest on the relationship between price and quantity.

Quantity demanded increase when price falls and falls when price increases.

Quantity supplied increases when price increases and falls when price falls.

The demand and supply curve are plotted with price on the y axis and quantity on the x axis.

I hope my answer helps you

7 0
3 years ago
A 60-year-old man develops lung cancer, and sues the manufacturer of an asbestos-containing material. The man worked in construc
Artyom0805 [142]

Answer:

Weak because of proximate cause is difficult to prove in absence of other similarly affected individuals

Explanation:

Since in the question it is mentioned that the 60 year old man have a lung cancer so he sues the asbestos manufacturer also he trust that it is unsafe as her friend who use the alternative material has not have a lung cancer so here the case would be weak as of proximate cause as it is difficult for proving it

Therefore the same is to be considered

8 0
3 years ago
Susan saved $5000 per year in her retirement account for 10 years (during age 25-35) and then quit saving. However, she did not
sladkih [1.3K]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Susan:

Annual deposit= $5,000 for 10 years

Lumo-sum for 30 years

Interest rate= 8.5%

Jane:

Annual deposit= $5,000 for 30 years.

<u>First, we will calculate the future value of Susan:</u>

<u></u>

First 10 years:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {5,000*[(1.085^10)-1]}/0.085

FV= $74,175.50

Last 30 years:

FV= PV*(1+i)^n

FV= 74,175.50*(1.085^30)

FV= $857,050.14

<u>Jane:</u>

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {5,000*[(1.085^30)-1]}/0.085

FV= $621,073.63

<u>Earnings difference= 857,050.14 - 621,073.63= $235,976.51 in favor of Susan.</u>

8 0
3 years ago
Other questions:
  • Coca-Cola acquired its bottlers and created a national vertically integrated business operation in 2010. After spending 12.3 bil
    6·1 answer
  • You are the pilot of a plane. There are 10 men with shirts off, 7 with shirts, 3 babys, 12 old ladys, 3 kids, and 24 mothers. Wh
    15·2 answers
  • Chris Bowie is trying to determine the amount to set aside so that he will have enough money on hand in 5 years to overhaul the
    12·1 answer
  • If a company spends $20 million to install new footwear-making equipment with capacity to produce 1 million pairs of athletic fo
    12·1 answer
  • Bertrand is an avid supporter of protectionism. His primary platform is the idea that the United States imports too many foreign
    12·1 answer
  • If aggregate demand and aggregate supply intersect on the vertical potential GDP curve; this indicates that: a. The economy has
    5·1 answer
  • Michael is a senior in high school and wants to major in a business-related class when he goes to college. Michael plans to sele
    6·1 answer
  • Below is the complete list of accounts of Sooner Company and the related balance at the end of April. All accounts have their no
    11·1 answer
  • How did Joe Biden get president?<br> ⇔∈∉∧⊇←²³√∛·×÷±≈≠≥≤≡≅⇒,㏒
    7·1 answer
  • With ________, the seller pays both the cost of loading and transporting the product to the customer.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!