All categories

3 years ago

Furniture purchase for cash in accounting equation

Business

1 answer:

vichka [17]3 years ago

3 0

Answer:

<em>When he purchases Furniture.... cash will decrease and Furniture comes in.. so one asset decreases and another asset increases.. there will not be any affect in the liability side of accounting equation</em>

You might be interested in

the percentage change in quantity demanded is 1 percent greater than the percentage change in price. the percentage change in qu

FrozenT [24]

Answer:

This refers to price elasticity of demand.

Explanation:

The price elasticity of demand (PED) measures how much does the quantity demanded of a good or service changes proportionally to a 1% change in the price of the good or service.

-the percentage change in quantity demanded is 1 percent greater than the percentage change in price.

ELASTIC DEMAND: when the change in quantity demanded is proportionally greater than the change in price.

-the percentage change in quantity demanded is equal to the percentage change in price.

PRICE UNITARY DEMAND: e.g. if the price increases by 10%, the demand decreases by 10% (the same proportion).

-the percentage change in quantity demanded is 100 percent greater than the percentage change in price (in absolute value).

ALMOST PERFECTLY ELASTIC DEMAND: if a product has a perfectly elastic demand, any small change in price will increase or decrease the quantity demanded to either infinite (price decrease) or zero (price increase). No demand is perfectly elastic, but a demand that changes by 100% more than the price change is very similar to this concept.

-quantity demanded does not respond to changes in price.

PERFECTLY INELASTIC DEMAND: the quantity demanded doesn't change if the price changes. This rarely happens in real life as well as the perfectly elastic demand.

7 0

3 years ago

Select the correct answer.

deff fn [24]

Answer:

income earned from renting out a store in the hotel

Explanation: Make me the brainiest

3 0

3 years ago

Consider the following statement based on a positive economic analysis that assumes that all other things remain constant: Fall

Marysya12 [62]

Answer:

<h2>The answer would be option be option B. or An increase in hotel taxes at popular resorts.</h2>

Explanation:

If everything else remains constant,a fall or decrease in oil prices will be a good news for most of the households and they will set out for vacation travel.
Now,if suddenly the tax rates charged by popular hotels or resorts increase simultaneously or following the decrease in oil prices,it will increase the aggregate hotel or resort charges for the families and households or even for any individual traveler.
Hence,an increase in hotel or resort taxes would discourage the individuals and households to undertake any current or future travel plans and therefore,offset the initial vacation plans that primarily resulted from cheaper gasoline or oil prices.

8 0

3 years ago

Which of the following is an example of a normative economic statement? An increase in social security benefits will increase t

vodomira [7]

Answer:

C. An increase in subsidies to farmers will boost agricultural production.

Explanation:

Normative economic statements are an approach to economics that analyzes outcomes of economic behavior, evaluates them as good or bad, and may prescribe a course of action.

Characteristics of normative statements:

-It inquires what ought to be.

-It make a decision on any economic issues without analysis.

-It does not make any assumption while carring out economic analysis.

-Its results is applied to specified issues.

-Normative economics was supported and led by neo classical economists.

Examples of Normative statements:

-Pollution is the most serious economic problem

-Unemployment is more harmful than inflation

T-he congestion charge for drivers of petrol-guzzling cars should increase to £25

-The government should increase the minimum wage to £7 per hour to reduce poverty.

-The government is right to introduce a ban on smoking in public places.

-The retirement age should be raised to 70 to combat the effects of our ageing population.

-Resources are best allocated by allowing the market mechanism to work freely

-The government should enforce minimum prices for beers and lagers sold in supermarkets and off-licences in a bid to control alcohol consumption

-An increase in subsidies to farmers will boost agricultural production.

5 0

4 years ago

A company can learn a great deal by analyzing the degrees of brand loyalty. For example, ________ can show the firm which brands

maksim [4K]

A company can learn a great deal by analyzing the degrees of brand loyalty. For example, split loyals can show the firm which brands are most competitive with its own.

<h3>Brand loyalty: what is it?</h3>

A customer's positive attitude toward a particular brand is known as brand loyalty. Customers may continuously choose a specific brand if they have a high level of brand loyalty when they need a product from this category. Brand recognition, brand preference, and brand insistence are the three levels of brand loyalty.

<h3>What levels of brand loyalty are there?</h3>

Here are the phases of brand loyalty in brief:

Focused on creating awareness and leads, attraction
Turning leads into customers is known as conversion.
Engaging with new clients through follow-up.
Reward devoted clients by providing them with greater benefits.

<h3>What five traits define a brand's loyalty?</h3>

These include dedication, brand trust, customer satisfaction, and customer perceptions of value.

<h3>What in marketing is split loyalty?</h3>

Split Loyals: Individuals that support two or three brands. Shifting Loyals is the act of switching brands. Switchers: unreliable individuals (possibly "deal prone", constantly looking for bargains or "vanity prone", looking for something different).

learn more about brand loyalty here <u>brainly.com/question/25707409</u>

#SPJ4

5 0

2 years ago

Furniture purchase for cash in accounting equation​

Furniture purchase for cash in accounting equation