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3 years ago

Dr. Peabody contributed $5,000 in cash to the company. Which of the following statements is correct?

Business

1 answer:

Vinvika [58]3 years ago

5 0

Answer:

D. Cash is debited $5,000; capital is credited $5,000.

Explanation:

The action by Mr. Peabody will increase both cash and capital accounts by $5000 each. As per the accounting equation,( Assets = owners equity + liabilities) cash and capital are on the opposites sides. Cash is an asset, while capital is equity.

An increase in an asset is a debit, while an increase in capital is credited. In this case, the cash account will be debited by $5000, while the same amount will credit the capital account.

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There is only one accepted format for a formal business letter. True False

Dimas [21]

False, there are more than one accepted letter format.

Let's get further into learning this:

There are two basic groups, The Block Format and The Various Indented formats.

Stay Happy!

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3 years ago

The _____ is an agency of the federal government that offers both managerial and financial assistance to small businesses.

Reil [10]

Answer:

D. Small Business Administration.

Explanation:

The Small Business Administration (SBA) is an agency of the federal government that offers both managerial and financial assistance to small businesses. SBA was established in 1953 as an autonomous or independent agency of the government of the United States of America. Generally, it is saddled with the responsibility of providing both managerial and financial assistance and counseling to small businesses in order to bolster the American economy.

The small business administration (SBA) serves as an intermediary between entrepreneurs and investors or creditors, in order to provide them with the necessary funds required to plan, start and grow their business.

Basically, SBA provides services such as entrepreneurial development, access to funds, advocacy and contracting to small businesses (entrepreneurs) in the United States of America.

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3 years ago

Which fire team member is responsible for covering dead space?

mestny [16]

I believe the answer is Grenadier
Dead space refers to the area that couoldn't be observed by the military group,
Grenadier played the role to to create explosion during assault operation by throwing out grenades to the dead space in order to eliminate potential enemy that hide in that area.

8 0

4 years ago

Match the tasks with the professionals who would complete them.

SVEN [57.7K]

Answer: The correct answers are,

A)Civil Engineer 5)designs and oversees a large construction

process

B)Logging Equipment Manager 6categorizes trees based

on their knot size, straightness, and other characteristics

C)Energy Auditor 4)reduces the amount of energy homeowners and companies use

Explanation:

4 0

3 years ago

Taunton's is an all-equity firm that has 152,000 shares of stock outstanding. The CFO is considering borrowing $245,000 at 6 per

dezoksy [38]

Answer:

The value of the firm is $1,773,333

Explanation:

Calculation of Value of each share

Amount borrowed (A) $245,000

No. of shares repurchased (B) 21,000

Value for each share (C) $11.67

No. of shares outstanding after repurchase(A) 131,000

(152,000 - 21,000)

Value for each share(B) $11.67

Equity value after repurchase(A*B) $1,528,333

Add: Amount borrowed $245,000

Firm value after this transaction $1,773,333

7 0

3 years ago