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Bess [88]
3 years ago
14

Which of the following would result if a business purchased equipment with a 40% down payment in cash

Business
1 answer:
jenyasd209 [6]3 years ago
8 0
Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.

Below are the choices that can be found elsewhere:

A. Equipment would increase, and Cash would decrease.
B. Accounts Payable would increase.
C. Since the equipment hasn’t been paid in full, there’s nothing torecord.
<span>D. Both A and B

The answer is D. </span>
You might be interested in
On June​ 1, Addison Company purchased $ 10,000 of inventory on account from Garrison Company. Garrison offers a 4​% discount if
IRINA_888 [86]

Answer:

c. a debit to Inventory for $10,000

Explanation:

Whenever goods are purchased on a discount to be received on payment basis, the inventory is first recorded at cost.

Also as per the general rule, discount is a kind of income, and incomes are recorded only when earned, therefore, the cost of inventory shall be reduced by 4% only when the payment is made, therefore the inventory on the date of purchase shall be recorded at $10,000 only and not for $9,600.

Thus, correct option is c

4 0
3 years ago
Mega-Big Corp. has a small strategic business unit (SBU) that produces a component vital to the manufacturers of automobiles and
galina1969 [7]

Answer:

Cash cow

Explanation:

Boston consulting group (BCG) Matrix: It is a framework created for the strategic position of the business and its potential. It classifies business units into four categories of a cash cow, Stars, question mark and Dogs on the matrix of the growth rate of industry and relative market share. This matrix is also known as the growth-share matrix.  

In the BCG matrix, If business unit lies in the category of a Cash cow, then it is considered as market leader as it generates more income and company are able to get a good return out of investment in this business unit. In the matrix, the Business unit have high market share, however, it has less growth prospect.  

In the given case, Mega-Big Corp has been manufacturing components of automobiles and has been extremely profitable for 18 years, therefore, Mega-Big Corp. is most likely considered a cash cow.

6 0
3 years ago
In the language of macroeconomics, investment refers to Select one: a. saving. b. the purchase of new capital. c. the purchase o
N76 [4]

Answer:

The correct answer is letter "B": the purchase of new capital.

Explanation:

In macroeconomics, an investment is a capital that has been acquired with the intention that it will produce income or interest over time. Popular investments include <em>stocks, bonds, real estate, mutual funds </em>and<em>, </em>to a lesser degree<em>, commodities, annuities, and options. </em>

Many investments trade on the open market every day. Global events and company results will cause the price of the investment to rise or fall.

4 0
3 years ago
Bc corporation has set the record date for a cash dividend at monday, july 22nd. the last day to buy the stock before it goes ex
andrew11 [14]

A cash dividend is a payment made from the corporation's current earnings or accumulated profits to stockholders in general.

<h3>What is Cash dividend?</h3>

A cash dividend is a payment made from the corporation's current earnings or accumulated profits to stockholders in general. Instead of being distributed as a stock dividend or another kind of value, cash dividends are paid in cash.

Typically referred to as dividends, cash dividends are a distribution of a corporation's net income. Dividends are comparable to the draws and withdrawals made by a solo proprietor. The income statements will not include the withdrawals and dividends because they are not expenses.

You must have the stock in your demat account on the record date of the dividend issue in order to be eligible for dividends. To ensure that the stocks are delivered to your demat account by the record date, you should have purchased the stock at least one day before the ex-date.

Hence,  The last day to purchase the stock and receive the dividend is 2 business days prior to record date or the 18th. Ex date - or the very first day the stock trades without the value of the dividend - is the 19th.

To learn more about Cash dividend refer to:

brainly.com/question/2960815

#SPJ4

5 0
1 year ago
1. Merage Company is considering investing in a new project. The project will need an initial investment of $2,100,000 and will
Bumek [7]

Answer:

1. 32.68%

2 .C. Two years

Explanation:

1. Using Excel or a scientific calculator, you can calculate the IRR which is the discount rate that makes the Net Present Value to equal $0.

= IRR(-2100000,1200000,1200000,1200000)

= 32.68%

2. The Payback period is how long it takes for the cash inflows to pay off the original investment.

Original Investment = -$2,000

After year 1 = -2,000 + 600 = -$1,400

After year 2 = -1,400 + 1,400 = $0

It took 2 years to payback the original investment so Two years is the Payback period.

8 0
3 years ago
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