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3 years ago

If a company uses $1,500 of its cash to purchase supplies, the effect on the accounting equation would be:

Business

1 answer:

Kamila [148]3 years ago

5 0

Answer:

Assets increase $1,500

liabilities increase $1,500.

Explanation:

Based on the information given in a situation where the company make uses of the amount of $1,500 of its cash to purchase supplies which means that the the effect on the accounting equation would be: Assets increase with amount of $1,500 while liabilities on the other hand will increase with amount of $1,500 reason been that Cash is an asset which will increase the assets because it was used to purchase supplies leading to increase in liabilities.

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Firm A and Firm B have the same total assets, ROA and profit margin. However, Frim B has a higher debt ratio and interest expens

SashulF [63]

Answer:

A.) Firm B must have a higher ROE than first A.

Explanation:

Debt ratio is defined as percentage of a company's assets that is made up of debt and so it is calculated as a ratio of debt to assets of a company.

Interest expense is the amount that is paid to service a loan.

This implies that company B has higher loan portfolio than Company A.

Considering the accounting formula

Equity= Asset- Debt

So an increase in debt will result in a decrease in equity.

Return on equity= Net income/Equity

It follows that as debt increases and equity reduces, the ROE will increase since a shrink in the ROE denominator (Equity) will lead to an increase in the ratio.

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3 years ago

Berman & Jaccor Corporation's current sales and partial balance sheet are shown below.

blsea [12.9K]

Sorry but this is kind of confusing but can you plz help me with this math problem

Santa is trying to buy socks for all his elf helping the year. He went on Amazon and found a pack of 8 socks for $24. He wants to know what each socks cost to be able to write an equation, and later he wants to know how much 12 socks with cost him.

I need the Ratio, Unit Rate, C.O.P. And an equation

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2 years ago

Read 2 more answers

Milo Co. had 600,000 shares of common stock outstanding on January 1. On May 1, Milo issued 126,000 shares. On September 1, Milo

PtichkaEL [24]

Answer:

b. 663,000

Explanation:

Outstanding shares refers to the total number of stock held by investors at a particular time. They are the shares issued out to both retail and institutional investors and insiders, such as directors and employees. Outstanding shares will exclude shares that have been repurchased back by the issuing company (treasury stock).

The weighted average share outstanding takes into consideration the duration of time that issued stocks have been in the markets. It allocates value proportionately to the time in the market.

For Millo Co, the weighted average share outstanding for the year will be

1. January 1, 600,000

2. May 1, issued 126,000 shares ( 8 months)

weighted for the year=8/12 x 126,000 = 84,000

3. September 1, purchased 63,000 treasury stock

(4 months) weighted value will be

= 4/12 x 63,000= 21,000

The weighted average share outstanding

Beginning balance plus shares issued out minus repurchased shares(treasury stock)

=600,000 + 84,000 -21,000

=663,000

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3 years ago

When a market is monopolistically competitive, the typical firm in the market is likely to experience a a. positive or negative

vodka [1.7K]

Answer:

Explanation:

4 0

3 years ago

Which are pathways in the Marketing, Sales, and Service career cluster? Select all that apply.

cricket20 [7]

<h2>Answer:</h2>

All these apply

Marketing Information Management and Research
Marketing Communications and Promotion
Professional Sales and Marketing
Distribution and Logistics
E-Marketing

<h3>Explanation</h3>

All of the above mentioned choices fall in the pathways that come in the fields of Sales and Marketing. Marketing research is an important arena and so is the art of communicating and carrying out promotion tasks. Distribution is another big arena of sales and so is the trending field of E-Commerce where all these tools can be carried out online.

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3 years ago