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Vadim26 [7]
3 years ago
13

The following transactions occur for the Hamilton Manufacturers. (a) Provide services to customers on account for $4,900. (b) Pu

rchase equipment by signing a note with the bank for $10,300. (c) Pay advertising of $2,000 for the current month. Analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (Enter "0" wherever required.)
Business
1 answer:
insens350 [35]3 years ago
6 0

Answer:

Accounting equation is as follows:

Total assets = Total liabilities + Stockholder's equity

(a) Providing services to the customers on account will increase the stockholders equity in terms of service revenue by $4,900 and increases the total assets in terms of account receivable by $4,900.

(b) Purchasing an equipment at a cost of $10,300 by signing a note with the bank will increase the total assets in terms of equipment by $10,300 and also increases the liabilities in terms of notes payable by $10,300.

(c) Payment of advertising expenses for the current month reduces the total assets in terms of cash by $2,000 and also decreases the stockholder's equity by $2,000.

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8) walter co. and sandburg industries report the following information at december 31: walter sandburg accounts receivable $41,0
True [87]

Walter Co. is a manufacturer because it uses raw materials, and has a stock of merchandise inventory, work-in-progress inventory, and finished goods inventory. The current assets of Walter Co. will be:

Current Assets:

Cash                                                          6,000

Inventories

Raw materials inventory       21,000

Work in progress inventory  40,000

Finished goods inventory      25,000

Merchandise inventory           48,000

Total inventory                                      1,34,000

Other assets

Accounts receivable                               41,000

Prepaid expenses                                     1,000

Current assets                                                               2,22,000

A manufacturing company is a company that takes in raw materials processes the raw materials and then sells the finished goods manufactured in the market. So the current assets section of the balance sheet of Walter Co. is given which will be written on the right side of the balance sheet.

Learn more about manufacturing companies here:

brainly.com/question/14942185

#SPJ4

3 0
1 year ago
Suppose you and a classmate are playing a game where your classmate proposes a division of​ $1.00. ​ Then, you either accept or
AleksandrR [38]

Answer:

  1. Your optimal strategy is to accept the proposed division.
  2. Your optimal strategy is to offer your classmate ​$ 0.49.

Explanation:

An optimarl strategy is one that maximizes a player’s expected payoff. In this case this is a cooperative game.

6 0
3 years ago
f interest rates rise but the quantity of loanable funds demanded and supplies remains constant, this implies that Group of answ
babymother [125]

Answer:

The demand and the supply of loanable funds both remained the same.

Explanation:

If the interest rates rise, but both demand and supply of loanable funds remanin constant, this means that demand and supply remained the same.

This would be a problem in the real world, because when interest rates rise, what should happen is that the supply of funds rise, while demand falls, because a rise in interest rates makes investment more expensive since interset rates are simply the price of the loanable funds.

3 0
3 years ago
Elliston company accepted credit card payments for $10,000 of services provided to customers. the credit card company charges a
Nastasia [14]

To solve this question, take 3% of $10,000 to see what the increase would be:

$10,000 x 3% = $300

There is an increase of $300 due to the 3% credit card processing fee that the credit card company is imposing on Elliston.

8 0
3 years ago
If a firm experiences productivity gains from employee specialization, its marginal cost_________.
postnew [5]

Answer:

correct option is C. decreases at a decreasing rate.

Explanation:

solution

when an organization gain productivity than its marginal cost will be decreases at a decreasing rate  

as here when initial specialization of employee is lead to an significant reduction in the marginal costs though the more specialized people get

and less additional amount is save due to the  specialization

so here correct option is C. decreases at a decreasing rate.

4 0
3 years ago
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