During the current year, the company had the following summarized activities:

Her neighbor could not afford to repair the roof on her house, so tijuana secretly hired and paid for a contractor to repair the

BaLLatris [955]

Tijuana's actions are an example of <u> "altruism".</u>

Altruism is carrying on of worry for another's prosperity. Regularly, individuals carry on charitably when they see others in edgy conditions and feel sympathy and a craving to help. Selflessness doesn't generally easily fall into place, since by definition, it expects individuals to slight their very own worries to help other people with no desire for remuneration, however "reciprocal altruism" is a term utilized by evolutionary scholars and analysts to describe the choice to help with a desire that one will get some advantage or result to oneself. Agreeable conduct enabled our predecessors to make due under brutal conditions, despite everything it fills an important need to an exceedingly mind boggling society.

8 0

3 years ago

For each activity, select the impact on the accounting equation. After doing all transactions, ensure that the accounting equati

AlladinOne [14]

Answer:

Impact of Transactions on the Accounting Equation:

Transaction Assets = Liabilities + Stockholders' Equity

1. 15,000 = 0 15,000

2. 9,000 = 9,000 0

3. 1,200 = 1,200 0

4. 2,400 = 2,400 0

5. -12,000+12,000 = 0 0

6. 3,000 = 0 3,000

7. -4,000 = -4,000 0

8. -2,400 = -2,400 0

9. 0 = -1,200 1,200

10. -1,000 = 0 -1,000

Totals $23,200 = $5,000 $18,200

Explanation:

a) Data and Analysis:

1. Cash, $15,000 Common Stock

2. Cash $9,000 Bank Loan $9,000

3. Cash $1,200 Deferred Revenue $1,200

4. Supplies $2,400 Accounts Payable $2,400

5. Prepaid Rent $12,000 Cash $12,000

6. Accounts Receivable $3,000 Service Revenue $3,000

7. Bank Loan $4,000 Cash $4,000

8. Accounts Payable $2,400 Cash $2,400

9. Deferred Revenue $1,200 Service Revenue $1,200

10. Dividends $1,000 Cash $1,000

7 0

2 years ago

Gerald received a one-third capital and profit (loss) interest in XYZ Limited Partnership (LP). In exchange for this interest, G

olchik [2.2K]

Answer:

The appropriate answer is "$9,300".

Explanation:

The given values are:

FMV,

= $31,000

Adjusted basis,

= $15,500

Encumbered mortgage,

= $9,300

Now,

The Gerald's outside basis will be:

= $Adjusted \ basis-Encumbered \ mortgage+Share \ of \ mortgage$

On substituting the given values, we get

= $15,500 - 9,300+(\frac{9,300}{3})$

= $15,500 - 9,300 + 3,100$

= $18,600-9,300$

= $9,300$ ($)

7 0

2 years ago

Virtually every business has variable expenses, which move up and down in tight proportion with changes in sales volume or sales

TiliK225 [7]

Answer and Explanation:

Dynamic expenses are pointed to as operating expenses that are the production cost and important to run a business.

common example of the variable cost that depends on sales volume.

The cost of goods sold, that is the equivalent of goods sold to consumers.

Commissions charged from their selling to salespersons.

Fees charged by a company when a customer requires a credit or debit card.

so, we say that when a business increase or decrease their sale volume, their variable cost also gets affected.

3 0

3 years ago

besides raising revenue, what is another important use of excise taxes? a. increasing traffic fines b. eliminating corruption in

stepladder [879]

Answer:

D.

discouraging the use of products like alcohol and tobacco

Explanation:

Excise taxes can be regarded as taxes that are been paid after purchasing a particular goods such as gasoline, it is also extended on activities like usage of high ways.. It should be noted that besides raising revenue, discouraging the use of products like alcohol and tobacco is another important use of excise taxes.

5 0

3 years ago

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