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
Svetllana [295]
3 years ago
7

HBX reported the following changes in its balance sheet accounts in 2016: Accounts receivable increased by $40; accounts payable

decreased by $25; accrued expenses increased by $20; net fixed assets decreased by $60. What would be the net change in the cash account
Business
1 answer:
Ulleksa [173]3 years ago
7 0

Answer:

Change in Cash is $15

Explanation:

The computation of the net change in the cash account is as follows:

But before that the following calculations need to be done

Change in Liabilities & Stockholders’ Equity = Change in Accounts Payable + Change in Accrued Expenses

= -$25 + $20

= -$5

Now  

Change in Assets = Change in Liabilities & Stockholders’ Equity

= -$5

And,  

Change in Assets = Change in Cash + Change in Accounts Receivable + Change in Net Fixed Assets

-$5 = Change in Cash + $40 - $60

So, the Change in Cash is $15

So, net change in cash account is $15

You might be interested in
When suppliers are paid, which of the following occurs?
iogann1982 [59]
I believe it s3 but not quite sure
7 0
3 years ago
Read 2 more answers
PLEASE HELP!!!!
Stells [14]

Answer:

They will have a greater amount of financial income

5 0
3 years ago
On September 18, 2019, Afton Company purchased $2,475 of supplies on account. In Afton Company’s chart of accounts, the supplies
butalik [34]

Answer:

Supplies   2,475 debit

 Account Payables   2,475 credit

Supplies             Transactions             Balance

                      DEBIT     CREDIT   DEBIT   CREDIT

Sep 1st               --          --          840      --

Sep 18th         2,475                 3,315

Acc. Payable       Transactions             Balance

                      DEBIT     CREDIT   DEBIT   CREDIT

Sep 1st               --          --              --         10,900

Sep 18th                        2,475                   13,375

The rules of debit and credit applies to all companies. If company's for incompetence or lack of moral qualms do not follow these rules the result of the accounting will be tained and not useful for the decision making process until the mistakes or ommision are fixed.

Explanation:

The firs is the journal entry.

We debit the supplies as they are assets

and credit the account payable which is a liability.

Then the four column stand for the ledger.

We post the transaction of each account and the balance after the event occur

8 0
3 years ago
The substitution bias in the consumer price index refers to the Group of answer choices substitution by consumers toward new goo
SpyIntel [72]

Answer:

The correct answer is: substitution by consumers toward goods that have become relatively less expensive and away from goods that have become relatively more expensive.

Explanation:

The CPI or consumer price index measures the change in the general price level through a basket of commodities that are generally purchased by the consumers.  

The CPI does not always correctly estimate the inflation rate. This is because CPI does not include changes in the quality or substitution of expensive goods for cheaper ones.  

When the price of a commodity increase, the consumers will substitute it for its cheaper substitute. So consumer spending will not change. But the CPI will increase as it will not include this substitution. The CPI will thus overestimate inflation.

7 0
3 years ago
Not only is getting customers into stores by using newspapers, magazines, and television considered retail Blank______, so is th
zloy xaker [14]

Not only is getting customers into stores by using newspapers, magazines, and television considered retail communication but so is the use of displays and signs placed at the point of purchase or in aisles.

<h3>What is retail communication?</h3>
  • Internal discussions about what tasks to complete between a retailer's corporate management team, field employees, and store employees are known as retail communications.
  • Sales generation is the aim of retail promotion programs. And in order to accomplish this, retailers use a variety of strategies, such as informing, persuading, and reminding their target audience of their existence and of the existence of their goods or services.
  • The overall goal of retail marketing is to develop services and products that specifically address customer needs and to market those services and products at profitable, competitive prices.
  • Recognizing consumers as they enter helps establish effective communication in a retail setting.

To learn more about Retail Communication refer to:

brainly.com/question/14332911

#SPJ4

6 0
3 years ago
Other questions:
  • A print ad usually includes which two things? A. Images and text B. Images and video C. Video and sound D. Text and sound
    5·2 answers
  • Martha and Lew are married taxpayers with $400 of foreign tax withholding from dividends in a mutual fund. They have enough fore
    6·1 answer
  • Superior has provided the following information for its recent year of operation:
    15·1 answer
  • Suppose that the demand and supply schedules for rental apartments in the city of Gotham are as given
    15·1 answer
  • Diversified Semiconductors sells perishable electronic components. Some must be shipped and stored in reusable protective contai
    12·1 answer
  • John, the owner of a lawn care service, likes to meet with his employees six months after their yearly evaluation to discuss how
    13·1 answer
  • The owner of an orange grove must decide when to pick one variety of oranges. She can sell them for $27 a bushel if she sells th
    7·1 answer
  • Can someone join my discord server and not leave :(
    13·1 answer
  • Callable preferred stock is likely to be redeemed by the issuer if? a interest rates rise b interest rates fall c the common sto
    8·1 answer
  • martin's has current assets of $600 and total assets of $2,900. the firm has total debt of $1,500 and long-term debt of $1,100.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!