Answer:
Cash + Supplies = Accounts Payable + common stock - dividends + sales commission - Rent expense.
$20,000 + 2,520 = $2,520 - $1,590 + 25,700 - $5,040 - $8,000 - $2,420 - $1,160 - $3,030 - $850
Explanation:
The effect of transaction is listed above. The effect will be on the balance sheet. These transaction have impacts on various accounts assets side is impacted and liability side is impacted. Equity is affected when there is payment of dividends and stock capital issuance.
Answer:
The answer is: Equity at the end of the year will be $123,000
Explanation:
At the beginning of the year the balance sheet was as following:
assets $195,000 liabilities $75,000
equity $ 120,000
Then during the year the income statement is:
- total revenues $226,000
- <u>total expenses $175,000 </u>
- net income $ 51,000 (this increases assets and equity)
If the owners withdrew $48,000, then cash and equity will decrease.
The ending balance for the year:
assets $195,000 + $51,000 liabilities $75,000
-$48,000 = equity $120,000 + $51,000 - $48,000 =
$198,000 $123,000
Answer:
If a currency such as the US$ is traded in a competitive market, a(n) increase in demand for the US$ raises the price of the US$ in terms of another currency such as the Japanese Yen (yen).
Explanation:
Basic offer and demand law.
The possible transfer prices that could be used on transfers between the Windshield and Assembly divisions is $200 to $450.
The first piece of glass you see on most cars is the windshield. Also known as European car windshield. Windshields play an important role in supporting the vehicle structure and protecting the driver and passengers. The windshield protects occupants from wind, dust, insects, rocks and other flying objects and provides an aerodynamically shaped front panel. By applying UV coating, you can block harmful ultraviolet rays.
However, most car windows are made of laminated safety glass, so this is usually unnecessary. Most of the UV-B is absorbed by the glass itself and the remaining UV-B is absorbed by the PVB tie layer along with most of the UV-A.
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Answer:
Which of the following observations is true?
d. In the long run, more costs become variable.
Explanation:
The long run is a period of time in which all factors of production and costs are variable.
