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Virty [35]
3 years ago
6

If a company purchases equipment costing $5,100 on credit, the effect on the accounting equation would be:

Business
1 answer:
alex41 [277]3 years ago
4 0

Answer:

assets increase $5,100 and liabilities increase $5,100

Explanation:

Assets are the items that a company owns which can provide future economic benefit.

Liabilities are future sacrifices of economic benefits that an entity is obliged to make to other entities as a result of past transactions or other past events, hence Liabilities are what a person or company owe other parties.

If a company purchases equipment costing $5,100 on credit, the assets of the company will increase by $5100 as a result of acquiring an equipment. Also, the liability will increase by $5100 as a result of debt owed.

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The goal of any credit card holder should be to A. run up as much debt as possible. B. use the bankruptcy filing as a way to red
DedPeter [7]
The goal of any credit card holder should be to C.) AVOID EXCESSIVE CREDIT CARD DEBT.

Credit cards are used for the purpose of convenience. Instead of bringing cash to pay for purchases, credit cards are swiped as payment for said purchases. These cards are short-term loans. Its balance should be paid before due date to avoid paying for interest. Its use should not be abused.
4 0
4 years ago
You have just read a news story about a wealthy nation invading a poor nation after the discovery of massive oil deposits in the
Lorico [155]

Answer:

This is the example of an Invasion

Explanation:

An invasion is a military offensive in which large numbers of combatants of a country aggressively enter territory owned by another country generally with the objective of either conquering, liberating or re-establishing control or authority over a territory, forcing the partition of a country, altering the established government or gaining concessions from said government, or a combination.

7 0
3 years ago
A survey by the World Bank indicates that of the companies surveyed; unfortunately, only 30 percent have board-approved policies
creativ13 [48]

Answer:

False

Explanation:

It is not necessary to have board-approved policies on environmental management as the only way to indicate that corporate social responsibility practices have become an insignificant factor in determining where multinational corporations conduct business.

7 0
4 years ago
When the government transfers resources to the poor in the form of a good or service, it is called?
Airida [17]

When the government transfer resources to the poor in the form of a good or service it is called an in-kind transfer.

Many countries government provide large in-kind transfer resources to the poor in the form of a good or service. These transfers are commonly referred to as government redistribution programs, presumably from the wealthy to the poor.

The term in-kind transfers generally refers to goods, services, and transactions not involving money or not measured in monetary terms are transferred to the needy.

Hence, the in-kind transfers is based on the idea that governments want to target transfers to the needy.

To learn more about in-kind transfer here:

brainly.com/question/20411157

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4 0
2 years ago
Can a rectangular piece of wrapping paper with an area of 81 square inches have a perimeter of 60? (Hint: Let length=30-w.)
uysha [10]
Yes, length=30-w and the area is 81. 81 can be divided by 9, 27, or 3. If we try substituting 3 for w, then the length (30-3=27). So the length is 27, and the width is 3. Area is length times width 27x3=81 squared inches.
8 0
3 years ago
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