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scoray [572]
3 years ago
9

Luxton Ltd. signed a $378,000, 5-year note payable to buy a new machine. Luxton paid $6,000 cash for transportation of the machi

ne and $900 cash for installation costs. What is the overall effect of this transaction on the accounting equation
Business
1 answer:
liq [111]3 years ago
6 0

Answer:

$378,000

Explanation:

The answer to this question is quite simple

The Total Assets increase is $378,000

This is so due to the fact that the Notes Payable is $378,000 and there is no other transaction of liability

We have as net change on the asset to be $378000+$6900-_6900

This gives us = +$378000

Now this balances with a net increase in the 378,000 liability. Thus, the right answer is Total assets is going to increase by $378,000

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When managers determine that an organization is not making sufficient progress toward achieving its goals and objectives and the
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Thus the correct answer is controlling.

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7 0
1 year ago
assume that the price of a $1,000 zero-coupon bond with five years to maturity is $567 when the required rate of return is 12 pe
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The price elasticity of the bond, based on the years to maturity and the required rate of return is -0.494

<h3>How to find the price elasticity of he bond?</h3><h3 />

First, find the new price of the bond:
= 1, 000 / ( 1 + 15%)⁵

= $497

The change in price:

= (497 - 567) / 567

= -12.3%

Then find the percentage change in the required rate of return:

= (15 - 12%) / 12

= 25%

The price elasticity of the bond is:

= -12.3% / 25%

= -0.494

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3 0
1 year ago
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Answer:

C. Physical

Explanation:

Hope it help

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2 years ago
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