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
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.

You might be interested in
Why are slide presentations universal in business environments?
Stella [2.4K]

Answer: C.  because they are easy to use and can accommodate all varieties of information

Explanation:

ape x  just took it

6 0
3 years ago
What necessary information is missing from this formula page? t-time V = d/t d-distance V = distance/time v-velocity
irina [24]

Answer:

The correct answer is "None of these".

Explanation:

The formula presented in the problem has all of its components described in the statement. The speed is equal to the distance divided by time. In the statement, it explicitly states that V is the velocity, t is the time and d is the distance. In this way, it describes all the components of the present formula.

Have a nice day!

3 0
4 years ago
Read 2 more answers
Which of the following is not considered a legitimate expense of a partnership? a Interest paid to partners based on the amount
never [62]

Answer:

a Interest paid to partners based on the amount of invested capital.

Explanation:

A partnership is formed between two parties that agree to go into a venture for mutual gain. The parties share ownership of the business entity and as such are entitled to profit from their equity holdings.

Interest paid based on invested capital is considered a distribution of profit by the business and not an expense. This is similar to sharing profit to shareholders in a company.

Legitimate expenses include: cost of sales, staff cost, administrative costs, advertising costs, and professional expenses like hiring an accountant.

8 0
3 years ago
Jones company is a perfectly competitive firm. the market price of its output is $10. the firm is currently producing 50 units o
Viefleur [7K]
<span>Suppose that a firm has only one variable input, labor, and firm output is zero when labor is zero. when the firm hires 6 workers the firm produces 90</span>
3 0
4 years ago
Read 2 more answers
If the purchase and sale of a currently illegal drug (for example, marijuana) were decriminalized, economists would expect
Andru [333]

Answer:

a. an increase in demand and supply of this drug.

Explanation:

  • As the tastes and the preference of the customers for the particular product increase in the demand of the sale and the purchase of the illegal drug will rise up.
  • <u>As explained by the economist is know as what is called as the shift in demands and supply of the drug tends to rise in prices of the drug.</u>
4 0
4 years ago
Other questions:
  • Direct effects of FDI arise when jobs are created in local suppliers as a result of the FDI and when jobs are created because of
    6·1 answer
  • An employee receives an hourly wage rate of $15, with time and a half for all hours worked in excess of 40 during the first week
    6·1 answer
  • (I) Banks are financial intermediaries that accept deposits and make loans.
    9·1 answer
  • Ideally, management should compare its budget to ________ performance every month in order to determine if the company is perfor
    15·1 answer
  • In Country X a returning tourist may import goods with a total value of $500 or less tax free, but must pay an 8 percent tax on
    15·1 answer
  • A broker wants to sell a customer an investment costing $100 with an expected payoff in one year of $106. The customer indicates
    7·1 answer
  • Finding the interest rate and the number of yearsThe future value and present value equations also help in finding the interest
    15·1 answer
  • The separate account that the insurance company maintains for a variable annuity is: A directly invested in common stocks B inve
    9·1 answer
  • Which of the following describes a job shortage?
    10·2 answers
  • Tesla, founded in 2003, is a company that specializes in electric power technology. The firm sells its powertrain components to
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!