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laila [671]
2 years ago
6

Equipment is a(n)_________ (asset/liability/expense) account. It is reported on the___________ (left/right) side of the accounti

ng equation and is__________ (increased/decreased) when equipment is purchased.
Business
1 answer:
Neko [114]2 years ago
3 0

Answer: Asset: Left; Increased

Explanation:

<em>Equipment is an </em><u><em>asset </em></u><em>account. It is reported on the </em><em>l</em><u><em>eft</em></u><em> side of the accounting equation and is </em><em>i</em><u><em>ncreased</em></u><em> when equipment is purchased.</em>

Equipment is a fixed asset because it lasts more than a year in the service of a company. As an asset, it will be reported on the left side of the accounting equation which means that when it increases it is to be debited.

It increases when more equipment is acquired.

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Suppose that the total production of an economy consists of 4 oranges and 10 candy bars, each orange sells for $0.25, and each c
yulyashka [42]

Answer: $6

Explanation:

Total production of oranges= 4

Total production of candy bars=10

Each orange sells for=$0.25

Total market value of orange production=price × quantity

=$0.25×4

=$1

Each candy bar sells for= $0.50

Total market value of candy bar production=price of candy bar × quantity of candy bar

=$0.50 × 10

=$5

The economy produces oranges and candy bars.

The total market value of production in the economy= Total market value of Orange production + Total market value of candy bar production

=$1 + $5

=$6

5 0
2 years ago
What is a mission statement?
allochka39001 [22]
I would say D sounds more appropriate
3 0
3 years ago
Read 2 more answers
Not to sure abt my ans.. i need some confirmation lol
koban [17]

Answer:

your answer is correct

Explanation:

4 0
3 years ago
It is _______ for a company to issue equity than debt; it is ________ for an investor to buy equity in a company than debt in th
viva [34]

Answer:

It is <u>safer</u> for a company to issue equity than debt

It is <u>riskier</u> for an investor to buy equity in a company than debt in the same firm

Explanation:

If company issues debt that it has to make fixed interest payments, thus even if company is making losses, it has to pay interest which is not in case of equity. Hence, it is riskier option for the company to raise debt.

On the other, if investor in debt, then he will get fixed interest, thus debt option is relatively cheap than equity for investor

6 0
2 years ago
Gidgits Galore has been busy during this lesson continuing its expansion plans throughout the United States. After all, everyone
seraphim [82]

Answer:

1. Must Gidgits Galore provide its employees with benefits? No

2. Does Gidgits Galore have to implement a payroll tax for unemployment, workers' compensation, or Social Security? Yes

3. Gidgits Galore is concerned about hiring employees from other countries whose language skills may not be proficient and is considering hiring only native English speakers. Is this a good idea? No

4. Does the Commerce Clause have an effect on Gidgits Galore? Yes

5. Can Gidgits Galore face any repercussions if it disregards Title VII? Yes

6. Gidgits Galore is concerned about hiring employees from other countries whose language skills may not be proficient and is considering hiring only native English speakers. Would this represent "disparate treatment"? Yes

7. Gidgits Galore wants a "young and hip" workforce. Is there a problem if it chooses not to hire anyone over the age of forty? Yes

8. Gidgits Galore wants to put a section in its updated employment manual preventing employees from taking more than thirty days from work without pay, regardless of the reason. Is this a good idea? No

9. What if Gidgits Galore wants to add a provision to its employee manual preventing employees from forming a union? Can this be done? No

Explanation:

Edge 2021

4 0
3 years ago
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