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VARVARA [1.3K]
3 years ago
5

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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Brief Exercise 229 Iverson Company purchased a delivery truck for $45,000 on January 1, 2020. The truck was assigned an estimate
Fofino [41]

Answer:

the  depreciation expense using the double-declining-balance method for the years 2020 and 2021 is $18,000 and $10,800 respectively

Explanation:

The computation of the depreciation expense using the double declining method for the year 2020 and 2021 is as follows:

For 2020

= (Cost) × depreciation rate

= $45,000 × 1 ÷ 5 × 2

= $18,000

For 2021

= ($45,000 - $18,000) × 0.40

= $10,800

hence, the  depreciation expense using the double-declining-balance method for the years 2020 and 2021 is $18,000 and $10,800 respectively

7 0
3 years ago
Starting from point e, which point is the outcome of a decrease in the price of a complementary good, holding all else constant?
inn [45]

A decrease in the price of complementary goods will shift the demand curve rightward.

A decrease in the price results in increase in demand for a good. Or a rightward move in the demand curve results an increase in both price and production of a complementary good in an economy.

When the price of a complementary good decreases, the quantity demand for that good increases, but the demand for the good that it is being complemented, decreases.

Complementary Goods refers a negative relationship with each other – which means that when  price of the product  'A' increases , demand for product 'B' decreases. when price of product 'A' decreases , demand for product 'B' increases. Because in such a case more  people now buy product 'A' because of  the lower price. This relationship of complementary goods is known as ’negative cross-elasticity of demand.

To learn more about complementary goods here

brainly.com/question/28145273

#SPJ4

6 0
2 years ago
Cynthia works at an engineering firm in Arizona that installs transmission lines and works with the electrical systems of buildi
Natasha2012 [34]

Answer:

Business Market

Explanation:

Cynthia works at an engineering firm in Arizona that installs transmission lines and works with the electrical systems of buildings. She is in charge of strategic planning. Mostly her firm has worked with cities such as Tucson and Phoenix. Once in a while they will receive a major project from the state, such as renovating a government building in the capital. However, Cynthia's firm wants to expand its target market beyond government projects. Under her direction, the marketing team launched an initiative to target more potential clients in different areas. Two areas in which Cynthia would like to expand include colleges and large for-profit businesses. Refer to Scenario 6.1. A market is a group of individuals and/or organizations that have a desire or need for products in a product class and have the ability, willingness, and authority to purchase those products. There are two types of markets. Cynthia's organization targets the.,,,,,

Cynthia's firm is interested in the business markets

A market is a place where buyers and sellers meet to transact goods and services. Business markets are essentially marketplaces corporations/organizations buys raw materials and components for finished products.

In this contest Cynthia's company will be interested in a business market because there are organisations that are in need of what her company produces. They have the capacity and the financial resources to purchase transmission lines and electrical installation services

6 0
4 years ago
Read 2 more answers
Page 576 14.3. Recent Changes in Capitalism This animation explores different reasons why people work long hours even when their
kondaur [170]

Answer:

The summary including its perceived task is demonstrated in the following segment on the interpretation.

Explanation:

  • The further you pay, then you pass up to make a change from generating income. This would be called opportunity cost since taking a short break is losing the chance to go somewhere else (i.e. gain further extra cash).
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6 0
3 years ago
You display a chart from the Bureau of Economic Analysis that shows that real disposable personal income and consumer spending h
Elanso [62]

Answer:

<u>As a threat</u>

<u>Explanation</u>:

Because the amount of disposable personal income and consumer spending of employees are as a result of taxes imposed by government; which when analysed using SWOT analysis is an external factor.

<u>If taxes (an external factor) is increased negatively it is not in the best interest of the company, </u>therefore they would characterise such information as a threat.

7 0
4 years ago
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