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lesya [120]
3 years ago
11

Price Company provides cleaning services to customers for $10,000 cash. What are the effects of this transaction on the accounti

ng equation? (Select all that apply.)
Business
1 answer:
Svetllana [295]3 years ago
6 0

Answer:

  • Increase assets
  • Increase retained earnings

Explanation:

Price Company is a service provider so when the cash is paid to them for offering the cleaning service, it will count as revenue which will serve to increase equity holdings.

The cash account will also increase by a sum of $10,000 and as cash is an asset, the assets will increase.

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What is the leading cause of sources of petroleum in north america
dedylja [7]
The leading cause of sources of petroleum in North America is because of the Exclusive Economic Zone. This has resulted in several petroleum companies queuing up in North America. Business wise economic zones are of high importance as they are given several facilities that are not available elsewhere.
6 0
3 years ago
When Mathilda first walked into the glass-enclosed lobby of Data Mining Solutions’ headquarters, she observed an enormous three-
natali 33 [55]

Answer: Symbols

Explanation:

Observable artifacts are symbols, words, languages (they could be slang or jargon), stories of legends, practices. This give those in the future the explanation of what happened in the past or what's currently ongoing with a message to those who come across them.

The observable artifact the organization is using is that of symbols.

6 0
2 years ago
Question 2 of 10
Step2247 [10]

Answer:

D. Ability to provide a healthy work environment

Explanation:

The most important skill needed by employers in any field is the ability to provide a healthy work environment. Irrespective of any expertise, a good and healthy work environment is needed for employees so that they can be productive. A healthy environment leads to reduce in injuries and illness thereby providing a stress free environment which in turn leads to an increased productivity.

8 0
3 years ago
Rosierre Company purchased two identical inventory items. One of the items cost $6.00 and was purchased in January. The other wa
victus00 [196]

Answer:

A) The balance in ending inventory would be $7.00.

Explanation:

FIFO Perpetual chart is attached.

FIFO Perpetual chart shows purchases , sales and balance of each period.  We must see final situation to know which is the final inventory balance.

The balance at the end of March is

Units Unit Cost Total

   1              7                   $7,00

Total=$7.00

Download xlsx
5 0
3 years ago
You invested in a $5,000 bond in 2012 with a coupon rate of 6%. What will be its value in 2018 if the required rate of return is
ELEN [110]

Answer:

$4540.19

Explanation:

Step 1: Get the formula for the value of the bond  in 2018

Formula= P * (1+r)n

P= Investment = $5000

r= Coupon rate=6%

n= Period or number of years = 6 years

Step 2: Calculate the value of the bond in 2018

Value of the bond in 2018= 5000 * (1+ 0.06)6

= 7092.60

Step 3: Calculate the Present value of the bond

Formula= (P x Present Value Factor) + (Interest x The present value interest factor of an annuity (PVIFA))

(P x Present Value Factor) = (5000 x 1\(1+r)^n)

where r= rate of return= 8%

n= years = 6

(Interest x The present value interest factor of an annuity (PVIFA) =

Interest = (Coupon rate x Investment)

PVIFA= 1\(1+r)^n}

where r= rate of return= 8%

n= years = 6

= (5000 x  0.6307) + (300 x 4.6223 )

=4540.19

5 0
3 years ago
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