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Anestetic [448]
3 years ago
13

The company pays cash for a piece of equipment. the list price was $9,100, but after negotiation, the final purchase price was $

8,700.
Business
1 answer:
svp [43]3 years ago
8 0

Answer:

this question is part of a longer question where you had to state how this transaction affects the accounting equation of the company:

the journal entry would be

Dr Equipment 8,700

    Cr Cash 8,700

Since both accounts are asset accounts, only the assets will be affected. Cash balance will decrease by $8,700 while equipment will increase by the same amount:

Assets                                                = liabilities + equity

cash         equipment

-8,700      8,700

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Other things equal, an increase in a consumer's money income:_________
madam [21]

Answer:

B. shifts the individual's budget line rightward because she can now purchase more of both products

Explanation:

When there is an increase in the budget line of a consumer, it means that there is an expansion in this consumers consumption possibilities.

The consumers budget line will then shift rightward or upwards. With this increase the consumer can purchase more of both goods. The outward shift indicates increase.

Therefore the answer to the question is option B.

5 0
3 years ago
What does free enterprise capitalism allow to flourish?
SCORPION-xisa [38]
Free advertising to allow capitalism to flourish
4 0
4 years ago
Read 2 more answers
Franchisers are firms that have their product created, designed, financed, and initially produced in the home country but rely h
pogonyaev

<u>Franchisers are firms that have their product created, designed, financed, and initially produced in the home country but rely heavily on foreign personnel for further production, marketing, and human resources</u>-This Statement is True

Explanation:

<u> A franchiser is a type of  organizational structure where a product is created, designed, financed, and initially produced in the home country, but for the product specific reasons like cost or product perishiability it relies heavily on foreign personnel for further production, marketing, and human resources</u>

<u>Some example of the companies that follow this concept are McDonald's,Coca-Cola.</u>

6 0
4 years ago
Read 2 more answers
What type of renewable source for electricity generation is predicted to increase the most in future years? (According to the re
mojhsa [17]

Answer:

solar

Explanation:

The future in energy generation is the solar energy. The solar energy is the heat and light energy that is obtain from the sun energy. It is the renewable energy an done of the cleanest source of energy. The industry experts predicts that United States will double the installation of solar cells to four million by the year 2023 in order to harvest these solar power. The solar photovoltaic cells convert sunlight into electricity. By 2024, the renewable electricity is predicted to increase by 1 200 GW.

5 0
3 years ago
In early 2008, you purchased and remodeled a 120-room hotel to handle the increased number of conventions coming to town. By mid
Yuri [45]

Answer:

To solve this problem, first let us calculate for the total cost:

Total cost = Capital cost + Cost of capital

Total cost = $ 20 M + 0.10* $ 20 M

Total cost = $ 22 M

The breakeven point would be the price in which the total earnings is equal to the total cost. Therefore:

$ 15M + 20,000 * X = $ 22 M

Where X is the breakeven price in dollars per room per night

Calculating for X:

20,000 * X = $ 7 M

X = $ 350

Therefore the break even price is $ 350 per room per night.

Explanation:

Mark as brainiest

5 0
3 years ago
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