Ask question

Ask question

All categories

3 years ago

13

Which of the following transactions will increase an asset and increase a liability? A. Purchasing office equipment for cash B.

Paying an account payable C. Buying equipment on account D. Issuing stock

1 answer:

Mariana [72]3 years ago

4 0

Answer:C. Buying equipment on account.

Explanation:

You might be interested in

Using a large value for order k in the moving averages method is effective in

Masteriza [31]

Answer:

The correct answer is A that is smoothing out the random fluctuations.

Explanation:

The higher values of K states the greater number of the values which need to be consider for forecasting.

When consider or taking the larger or the higher value of the irregular fluctuation which could be decreased or reduced.

And as a consequence, the large value of K will be used for smoothing of the random fluctuations.

Therefore, the right answer is smoothing of the random fluctuations.

4 0

3 years ago

Gloria deposited $500 into a bank account that earned 7. 5% simple interest each year. She earned $225 in interest before closin

timama [110]

The number of years in which the money is in the account is 6 years.

<h3>What is simple interest?</h3>

Simple interest denotes the amount of payment that is received or paid by a person in return for anything pledged or given a loan.

The interest computed on the principal amount for a specified duration of time and rate of interest is called simple interest.

The formula of simple interest:

$\text{SI}= \text{P}\times r \times t$

Where, (P) stands for principal, (r) for interest rate, and (t) is for the time period.

<u>Computation </u><u>of a number of years:</u>

According to the given information,

P=$500,

r=7.5%,

t=?

SI= $225

Now, substitute the given values in the above formula, we have:

$\text{SI}= \text{P}\times r \times t\\\\\$225=\$500\times\ 7.5\%\times t\\\\t= 6 \text{Years}$

Therefore, the number of years is 6 years.

To learn more about the simple interest, refer to:

brainly.com/question/2793278

5 0

2 years ago

True or false In a pure market economy, the government controls most actions.

Sonbull [250]

False i hope its right

5 0

4 years ago

Read 2 more answers

If gross pay increases by $500, total employee benefits increase by $200 and total job expenses decrease by $300, then total emp

denis23 [38]

Answer:

option (d) increases by $1,000

Explanation:

Data provided in the question:

Increase in gross pay = $500

Increase in total employee benefits = $200

Decrease in total job expenses = $300

Now,

The change total employment compensation

= Increase in gross pay + Increase in total employee benefits + Decrease in total job expenses

= $500 + $200 + $300

= $1,000 (Here, the positive value means an increase )

Hence,

The answer is option (d) increases by $1,000

5 0

3 years ago

At an activity level of 9,200 machine-hours in a month, Nooner Corporation's total variable production engineering cost is $825,

dybincka [34]

Answer:

variable per unit $ 89.72

fixed cost per unit $ 26.5

total unit cost $ 116.22

Explanation:

Variable cost per machine-hour

825,420 / 9,200 = 89.72

This will keep constant at unit level thus, at 9,400 the variable cost will still be 89.72

Now fixed cost: 249,100 / 9,400 output = 26.5

This is the fixed cost per unit considering a 9,400 untis output

Now, we add them to get the total unit cost:

89.72 + 26.5 = 116.22

6 0

3 years ago