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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 Up and Coming Corporation's common stock has a beta of 0.92. If the risk-free rate is 0.01 and the expected return on the ma
SIZIF [17.4K]

Answer:

The company's cost of equity capital is 0.056

Explanation:

cost of equity capital

= risk free rate + beta*(expected return on market - risk free rate)

= 0.01 + 0.92*(0.06 - 0.01)

= 0.056

Therefore, The company's cost of equity capital is 0.056

3 0
3 years ago
______________ specifies sales revenues and selling distribution and marketing costs.
frez [133]
To answer the question above as the which specifies the sales revenue and selling distribution and marketing costs is letter B, Sales budget. The answer lies in the question itself. Sales revenues,distribution and the marketing cost are all related to the sales budget. Sales budget controls the expenditure or resources related to sales.
3 0
3 years ago
The wealth of the owners of a corporation is represented by​ ________.
Sveta_85 [38]

Answer:

The answer is B. share value

6 0
3 years ago
Which problems does Jason seem to face as an entrepreneur? Jason currently runs a small manufacturing business. Jason's parents,
V125BC [204]

Answer:

driven,passion

The main problem is that Jason is not . DRIVEN , energetic enough to succeed in the manufacturing business because he lacks PASSION for it.

Explanation:

Check the question here;

Which problems does Jason seem to face as an entrepreneur? Jason currently runs a small manufacturing business. Jason’s parents, who ran the business for years, handed over the business to their only son two years ago. However, Jason is not interested in his family business, and his performance as an entrepreneur has been very poor. The main problem is that Jason is he's not 1. competitive 2. driven 3. energetic enough to succeed in the manufacturing business because he lacks the 1. passion 2. creativity 3. determination for it.

✓The main problem is that Jason is not "driven"

To be successful as entrepreneur, one must be driven, a goal-oriented, portrait some consistent set of personality traits, one must be able to set goals and be driven by it in order to be successful, and thsese are what Jason lacks,

✓Jason is not energetic enough to succeed in the manufacturing business because he lacks the " passion"

Passion is the compelling or strong feeling for particular thing/work/entities. It gives some inner energy to someone towards acheiving his goal. This is what Jason lack that made him not to succeed in his manufacturing business.

6 0
3 years ago
Harlan Mining Co. has recently decided to go public and has hired you as an independent CPA. One statement that the enterprise i
cupoosta [38]

Answer:

The cash received from customers under the direct method is $8,256,000.

Explanation:

Given:

Beginning accounts receivable = Accounts receivable on 12/31/21 = $216,000

Ending accounts receivable = Accounts receivable on 12/31/22 = $360,000

Sales revenue = $8,400,000

Therefore, we have:

Cash received from customers = Beginning accounts receivable + Sales revenue - Ending accounts receivable = $216,000 + $8,400,000 - $360,000 = $8,256,000

Therefore, the cash received from customers under the direct method is $8,256,000.

5 0
3 years ago
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