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
anastassius [24]
2 years ago
7

Identifying effects of transactions using the accounting equation LO PI

Business
1 answer:
Luda [366]2 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.

You might be interested in
Gross Domestic Product equals $1.2 trillion. If consumption equals $690 billion, investment equals $200 billion, and government
4vir4ik [10]

Answer:

imports exceed exports by $50 billion.

Explanation:

Calculation to determine how much imports exceed exports

Gross Domestic Product $1.2 trillion

Less Consumption ($690 billion)

Less Investment ($200 billion)

Less Government spending ($260 billion)

($1.2 trillion-$690 billion-$200 billion-$260 billion)

Then:imports exceed exports by $50 billion

5 0
3 years ago
Do you think marketers truly have the power to change the way we think? If so, what are the
EleoNora [17]

Answer:

Yes.

Implication : Manipulate demand and choices

Explanation:

<em>Marketing</em> involves communicating the product to the customers at the right price, to the right people and delivering to the right place.

If one of the 4Ps is marketed well for one product customers will have greater attention of that products against another, thus changing the way we think.

4 0
3 years ago
Pronghorn Corporation began operations on January 1, 2020 when $236,000 was invested by shareholders of the company. On March 1,
Over [174]

Answer:

a. $7,100

b. -$6,400

c. -$13,500

d. -$13,500

Explanation:

The computation is shown below:-

a. Net income

Net income = Cash interest

= $7,100

b. Comprehensive Income = Net Income - unrealized holding loss

= $7,100 - $13,500

= -$6,400

c. Other Comprehensive Income = unrealized holding loss

= -$13,500

d. Accumulated other comprehensive income:

Ending Balance of other comprehensive income = Beginning Balance + During this year

= $0 + (-$13,500)

= -$13,500

3 0
2 years ago
A broker-dealer offers 4 summer passes to an amusement park to each of its agents who sell at least $10,000 of bonds during the
inn [45]

Answer:

I (allowed) and IV (not considered soft dollar compensation)

Explanation:

Soft dollar compensation refers to payments made to brokerage firms or agents as commission revenue. They differ from hard dollar compensation because hard dollars are payments that were agreed upon before an investor started working with the broker, while soft dollars are based upon variable commissions.

4 0
3 years ago
The leaders of Barcelona Restaurant Group use ideas and tactics from multiple historical approaches to management. This approach
Sunny_sXe [5.5K]

Answer:

administrative management or scientific management I'm not sure honestly

6 0
3 years ago
Read 2 more answers
Other questions:
  • The design and arrangement of workspace items for efficiency and safety is called
    12·1 answer
  • If production is occurring where marginal cost exceeds price, the purely competitive firm will __________.
    8·1 answer
  • "what creates the basis for a simpler compensation system that de-emphasizes structure and places greater importance on flexible
    11·1 answer
  • The price of mangoes is currently $5.00 per pound. At this price, producers are supplying 4,000 pounds of mangoes. Point C on th
    9·2 answers
  • When preparing an advertisement, an investment adviser whose principal business is rendering advice to customers about securitie
    10·1 answer
  • ABC Company began its operations on March 31, 2019. Projected manufacturing overhead costs for the first three months of busines
    15·1 answer
  • Closing entries are required: Multiple Choice If management has decided to cease operating the business. Only if the company adh
    13·1 answer
  • Lincoln Corporation used the following data to evaluate their current operating system. The company sells items for $15 each and
    5·1 answer
  • A _________ is not a specific security but an arrangement whereby a bank or security dealer sells specific marketable securities
    13·1 answer
  • A key feature of business is that it facilitates an exchange of
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!