1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nikitadnepr [17]
3 years ago
5

A company purchases supplies on account for $2,200. Indicate the amount of increases and decreases in the accounting equation.

Business
1 answer:
Oliga [24]3 years ago
4 0

Answer:

Assets increase by $2200:  liabilities increase by  $2200

Explanation:

The accounting equation is expressed as below.

Assets = Owners Equity + Liabilities.

Making purchases on account means buying on credit. Purchasing Supplies on credit will increases the debts( liabilities) of the company by $2200.

Supplies will belong to the business; hence assets will increase by $2200

You might be interested in
If you are leading a meeting, what can you create to make sure you don't forget anything that should be discussed in the meeting
Archy [21]

If you leading a meeting you can create a power point so that you stay on track with your meeting. When you create a power point you are able to make slides with information you want to discuss to refer back to if you forget anything. Most people use bullet points to create their slides for the power point so that they are able to easily read the information on it.

6 0
3 years ago
*WILL MARK BRAINLIEST!*
sweet [91]

The answer is D, opportunity costs.

4 0
3 years ago
Dake Corporation's relevant range of activity is 3,200 units to 8,000 units. When it produces and sells 5,600 units, its average
Sladkaya [172]

Answer:

$22,780

Explanation:

The computation of the  total amount of indirect manufacturing cost incurred is shown below:

= Variable manufacturing overhead + fixed manufacturing overhead

where,

Variable manufacturing overhead  = Number of units produced × variable manufacturing overhead per unit

= 4,600 units × $1.30

= $5,980

Fixed manufacturing overhead  = Number of units produced and sold × fixed manufacturing overhead per unit

= 5,600 units × $3

= $16,800

So, the total indirect manufacturing cost is

= $5,980 + $16,800

= $22,780

6 0
3 years ago
"Which bond recommendation would be the LEAST safe for an individual who seeks income that is free from federal income tax?"
topjm [15]

Answer:

A. AA-rated revenue bond that is escrowed to maturity

Explanation:

As first option is the bond that the issuer of bond called back prior to the matured. It occurs when there is a fall in the rate of interest

The second option is backup by a pledge that involves full trust and contains the secure option that enables an individual free from the federal income tax

The third option are issued by the authorities that are local and governed by the U.S government so it become secure that enables an individual free from the federal income tax

The fourth option is the mix of revenue bonds and the obligation bonds hat involves full trust and contains the secure option that enables an individual free from the federal income tax

7 0
3 years ago
You have been working as an assistant manager in Mimi and Jasmine's (M&J) warehouse. M&J is an innovative cosmetics comp
MaRussiya [10]
Are there options to this?
4 0
3 years ago
Other questions:
  • The Cook Corporation has two divisions--East and West. The divisions have the following revenues and expenses: East West Sales $
    5·1 answer
  • Dog Up! Franks is looking at a new sausage system with an installed cost of $460,000. This cost will be depreciated straight-lin
    6·1 answer
  • Obama Company has identified that Bill Clinton’s receivable account of $100 is uncollectible. What is the journal entry needed t
    5·1 answer
  • Chris and Jordan are a two-person household. Chris's market hourly wage is $40, but Chris can also produce $20 of household prod
    15·1 answer
  • Chillco Corporation produces containers of frozen food. During April, Chillco produced 790 cases of food and incurred the follow
    15·1 answer
  • Sally and Dan must pay 2 points on their new $65,000 loan. What will they have to pay at closing for the points?
    14·1 answer
  • Which of the following would further an economic goal of efficiency?
    15·1 answer
  • The jackson family is undecided about whether or nara buy a new car of the
    12·1 answer
  • Jill is exploring multiple suppliers in order to find the best price. However, instead of calling all eight potential suppliers,
    9·1 answer
  • The two accounting principles that are critical to the adjusting process used in accrual accounting are:_______
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!