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3 years ago

Identifying effects of transactions using the accounting equation LO PI

Business

1 answer:

Luda [366]3 years ago

5 0

Answer:

A. Asset as cash will increase by $59,000, asset in equipment will increase $14,000

B. Asset side in increased and decreased

C. Asset and liability will increase by $11,000

D. Asset will increase

E. Asset will increase

F. Asset will increase and decrease by $5,800

G. Asset will decrease

H. Asset will increase

I. Liability will decrease

J. Asset and capital will decrease by $1,200

Explanation:

Accounting equation is Asset = Liabilities + Capital

Accounting equation is affected in business transaction. The transaction in business have different effects some transaction are like hybrid which impacts the multiple accounts balances. There are some transactions which just involve asset side transaction increase and decrease on the same account this will offset the balance and no effect on equation.

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cupoosta [38]

$20x2x3=120
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3 years ago

Given the following financial data for Boston Technology, compute the firmâs degree of combined leverage.

Otrada [13]

Answer:

For year 2010

Degree of combined leverage is 3.82

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Degree of combined leverage is 4.11

Explanation:

Computing the degree of combined leverage of the firm with the formula stated below as:

Degree of combined leverage = Contribution margin / EBT

where

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Now, computing the same by applying the formula:

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Contribution margin = $700,000 - $406,000

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For year 2011

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3 years ago

Data from Estrin Corporation's most recent balance sheet and income statement appear below: This Year Last Year Accounts receiva

jekas [21]

Answer:

d. 108 days

Explanation:

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brainly.com/question/25803149

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2 years ago

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That statement is false.

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