Based on the fact that Noodlecake purchases and receives $10,000 in computers and the like but will only pay next month, the effect on the accounting equation is:
- Increased total assets.
- Increased liabilities
<h3>What happens to the accounting equation?</h3><h3 />
The accounting equation is:
Assets = Equity + Liabilities
When computers, printers, and desks were purchased by Noodlecake, these will go to Assets as either fixed assets or inventory. Assets will therefore increase.
Liabilities will increase as well to cater for the fact that Noodlecake will only pay for the items in the following month.
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Answer on PLATO 1. AAA - Grade Bond
2. Property
3. Speculative Bonds
4. Starting a Business
These are arranged from the LEAST RISKY to the MOST RISKY investment.
Fight for your case. You must have evidence to support what your saying about your situation.
A.Grants/Scholarships - Federal Student Loans - Private Loans B.Private Loans - Grants/Scholarships - Federal Student Loans
C.Federal Student Loans - Grant/Scholarships - Private Loans D.Grants/Scholarships - Private Loans - Federal Student Loans
I think the correct answer from the choices listed above is option D. When looking to finance higher education, the best order to look for funding sources should be Grants/Scholarships - Private Loans - Federal Student Loans. Hope this answers the question. Have a nice day.