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docker41 [41]
3 years ago
7

Michael Anderson is starting a computer programming business and has deposited an initial investment of $15,000 into the busines

s cash account. Identify how the accounting equation will be affected.Unabe to copy options
Business
1 answer:
-BARSIC- [3]3 years ago
8 0

Answer:

Assets would be increased by $15,000 while owner's equity will also increase by $15,000.

Explanation:

The accounting equation shows the relationship between the elements of a balance sheet which are assets, liabilities and owner's equity.

it is given as

Assets = Liabilities + Owners equity

When a business owner invests an amount into a business, it means money is available for the business to operate hence cash is recognized as an asset. However, the owners equity also goes up by the amount invested.

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Jay Corporation owns several automobile dealerships. This year, the corporation initiated a policy of giving the top salesperson
morpeh [17]

Answer: The Implications of this behavior to the corporation  would be detrimental to their operations because as an institution they are not declaring their expenses on staff-(Vacation) from being entered into

the financial books for proper accounting purposes.

While the behavior of the MD shows that he has been praticising sharp practices with the company resources for  a while and he should be ask to step down.

4 0
3 years ago
What is the difference between formatting with the Format Painter and with the [F4] key?
Debora [2.8K]

<u>Answer:</u>

<em>Format Painter copies the text or graphics from the selected format and replicates it to the desired one. But F4 key copies the previous actions and may copy all the commands. </em>

<u>Explanation:</u>

These are the two basic shortcuts of editing any text or graphics. Format painter is a tool on the task bar which copies the properties of one text or graphic and transfer it to the desired format.

4 0
4 years ago
A second mover: a.is typically ineffective in its response to a first mover. b.attempts to provide a product with greater custom
Viktor [21]

Answer:

b. attempts to provide a product with greater customer value than the first mover.

Explanation:

In marketing, it is believed that the first mover gains an edge over the followers. A first mover is the initial entrant and provider of products and services catering to a marketing segment.

A second mover refers to the immediate next of the first mover. The advantage second mover has over the first mover being, it can analyze the response the first mover generated and effectively gauge what went right and what went wrong for the first mover.

This way, the second mover can provide improved products than the first mover by not committing same errors as the first mover.

5 0
4 years ago
What are the underlying functions of business?
egoroff_w [7]
This function includes members who report on business results and plan for the future
8 0
3 years ago
FunTime Cruiseline offers nightly dinner cruises departing from several cities on the eastern coast of the United States includi
Contact [7]

Answer:

the target sales in units is 12,000 dinner cruise tickets

Explanation:

For FunTime Cruiseline to reach its target operating income of $30,000, it must first break -even then make a profit to the extent of $30,000.

This statement is presented in the formula below :

Target Sales - Units = (Fixed Cost + Target Profit) / Contribution per Unit

                                  = ($210,000+$30,000)/( $50 - $30)

                                  = $ 240,000/ $ 20

                                  =  12,000

3 0
4 years ago
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