Jackson's catering services sold cookies to the local college. the college paid immediately. record this transaction in Jackson's accounting equation by increasing Cash; Increasing Revenues
This is further explained below.
<h3>What are
Increasing Revenues?</h3>
Generally, The rise in a firm's sales from one quarter to the next is referred to as the revenue growth of the company.
Revenue growth, when expressed as a percentage, depicts the gains and reductions over time, which helps discover patterns in the company's performance.
In conclusion, The neighborhood university purchased cookies from Jackson's catering services.
The college made the payment right away. Jackson's accounting equation should be updated to reflect the effects of this transaction by raising Cash and Increasing Revenues.
Read more about Revenues
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Answer:
<em>The big goal of real estate investing is to increase your cash, otherwise known as building capital. </em>
Answer: $440000
Explanation:
Fair market value = $4025000
Book value of asset = $2,850,000
Land value = $625,000
The value of the goodwill will be
(Fair market value - book of asset - land value) × 80%
= ($4,025,000 - $2,850,000 - $625,000) × 80%
= 550000 × 80%
= 550000 × 0.8
= $440,000
Answer:
D. A firm's weighted average cost of capital decreases as the firm's debt-equity ratio increases.
Answer:
Revenues
Explanation:
Revenues represent an inflow into the company which contribute towards retained earnings and thus Equity. Expenses reduce retained earnings as do dividends.
Borrowing will increase the amount of money in the cash account which can then be used to buy more assets. It does not increase equity, but simply increases the company's liabilities.
Therefore the correct answer is revenues.
