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3 years ago

What would be the effect on the accounts if the business purchased equipment on account?

Business

1 answer:

Serjik [45]3 years ago

3 0

Answer:

A. An asset would be debited and a Liability credited.

Explanation:

Purchasing on account means buying on credit. The debts of the business increase. As a result, liabilities increase.

Equipment is a business asset. Purchasing equipment increases assets.

In the double-entry accounting system, An increase in an asset is recorded by debiting the asset account. An increase in liabilities is captured by crediting the liabilities account.

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Videoconferencing, instant messaging, electric meetings, and even conference calls are considered __________ technology.

Alisiya [41]

Videoconferencing, instant messaging, electric meetings, and even conference calls are considered. synchronous technology.

You may easily respond to modification requests, quickly develop new concept designs, and simultaneously update numerous elements of an assembly thanks to synchronous technology. Design reuse, working with imported data, making changes—all of these tasks are made quicker and simpler by synchronous technology.

With the help of Solid Edge's synchronous technology, you can quickly develop new concept designs, accept modification requests with ease, and update many elements of an assembly at once. This design flexibility enables you to do away with onerous preplanning and prevent feature failures, rebuild problems, and time-consuming rework. The ability to treat multi-CAD data as native files thanks to synchronous technology enables seamless communication with partners and suppliers.

Learn more about synchronous technology here

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4 0

9 months ago

What is the yield to maturity of a one-year zero-coupon bond with a $10,000 face value and a price of $9400

svp [43]

Answer:

6.383%

Explanation:

Calculation for the What is the yield to maturity

Using this formula

YTM=n√Face value/Bond price -1

Where,

n=one-year

Face value=10,000

Bond price=9,400

Let plug in the formula

YTM=1√10,000/9,400−1

YTM=1.06383-1

YTM=0.06383*100

YTM=6.383%

Therefore the yield to maturity will be 6.383%

3 0

3 years ago

Fred and Lucy are married, ages 33 and 32, and together have AGI of $120,000 in 2019. They have four dependents and file a joint

algol13

Answer:

$3,800

Explanation:

According to the scenario, computation of the given data are as follow:-

Particular Amount ($)

Bills of doctor and dentist and hospital expenses 9,200

Less-received an insurance reimbursement 4,400

Add-prescribed medicines and drugs 3,000

Add-high deductible health insurance policy 5,000

Total expenses 12,800

Less- AGI’s 7.5% ($120,000 × 7.5% ) $9,000

After Deduction medical expenses for 2019 $3,800

Contribution of $2,600 to a qualification health savings account is a deduction for AGI. So it is not calculated in deduction.

According to the analysis, option (C) $3,800 is correct.

3 0

2 years ago

For a given question to be considered an economic question, it must involve

Elena-2011 [213]

<span>it must include limited resources and making a choice.
Economy is the knowledge that teach us how to allocate limited resource in order to obtain as much value as possible.
To obtain that kind of value, it will involve making a choice after considering our situation, our capabilities, and our competitors</span>

6 0

2 years ago

Teresa rents her apartment for $860860 per month, utilities not included. When she moved in, she paid a $700700 security dep

Akimi4 [234]

Answer:

$10,425

Explanation:

The computation of total annual costs of renting is shown below:-

Total annual costs of renting = Annual cost of rent + Annual insurance cost + Interest lost

= ($860 × 12) + $84 + ($700 × 3%)

= $10,320 + $84 + $21

= $10,425

Therefore computing the total annual costs of renting we simply applied the above formula.

5 0

3 years ago