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Bas_tet [7]
3 years ago
11

Presented below are three transactions. Mark each transaction as affecting owner's investment (I), owner's drawings (D), revenue

(R), expense (E), or not affecting owner's equity (NOE). ________(a) Received cash for services performed ________(b) Paid cash to purchase equipment ________(c) Paid employee salaries g
Business
1 answer:
emmasim [6.3K]3 years ago
7 0

Answer:

a. revenue (R), affecting owner's investment (I)

b. not affecting owner's equity (NOE)

c. expense (E) and affecting owner's investment (I)

Explanation:

Revenues and Expense form Profits which are included in the statement of changes in equity through the Retained Income line item, thus these two also affect owners investment.

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A truck that cost $36,000 and on which $30,000 of accumulated depreciation has been recorded was disposed of for $5,000 cash. th
Zielflug [23.3K]
Hi there
First find the book value of the truck
Book value=
Cost-accumulated depreciation
36,000−30,000
=6,000

disposed of for $5,000 cash
Book value 6000
So the answer is
Loss of 1000 (5000-6000)

Good luck!
7 0
3 years ago
1. As manager of a restaurant, Josh has had to make some tough decisions. When employees question his authority, he is quick to
Aloiza [94]

Answer:

d. Competence face

Explanation:

Based on the scenario being described within the question it can be said that the face need that Josh is satisfying through this is known as Competence face. This describes an individual's desire to appear intelligent, accomplished, and cable to those around him/her. Which is why Josh responds to criticism with a fair and firm tone in order to keep up appearances of being in control.

6 0
3 years ago
Ramort Company reports the following cost data for its single product. The company regularly sells 21,500 units of its product a
Fittoniya [83]

Answer:

Gross margin= $744,760

Explanation:

<u>The absorption costing method includes all costs related to production, both fixed and variable.</u> The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

Unitary fixed overhead= 52,900 / 21,500= $2.46

Total unitary production cost= 10.3 + 12.3 + 3.3 + 2.46= $28.36

<u>Now, the gross margin:</u>

Gross margin= sales - COGS

Gross margin= 21,500*63 - 21,500*(28.36)

Gross margin= $744,760

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Clubs, fun, extravagant, surprising and and adventure. That’s if your in Miami

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mote1985 [20]

Teresa's decisions to stay with the business and work from home exemplify <u>"long-term strategic plans".</u>


A strategic plan with key long-term objectives fills in as a structure for settling on choices and gives a premise to arranging. Assembling a key arrangement can give the knowledge expected to stay with an on track by defining objectives and estimating achievements. By breaking down the data in the long term plan, administrators can roll out important improvements and set the phase for additionally arranging.

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4 years ago
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