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cricket20 [7]
3 years ago
5

What will be the credit and debit

Business
1 answer:
juin [17]3 years ago
3 0
A credit card is money the bank lets you borrow A debit card is money you already have
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Satchel Inc purchases 10,000 shares of its own previously issued $10 par common stock for $290,000. Assuming the shares are held
BaLLatris [955]

Answer:

a. No effect

b. Decreases in total asset

c. No effect

d. Decreases in total stockholder equity

Explanation:

Given that

Number of shares purchased = 10,000 shares

Par value = $10

Common stock = $290,000

By using the above information, we can interpret that

a. There is no effect on the net income

b. The total asset is decreased by $290,000 as it reduces the cash balance for $290,000

c. There is no effect on the total paid-in-capital

d. Total stockholder equity is decreased by  $290,000

We assume that treasury stock is accounted for using the cash method

5 0
3 years ago
True or False? The placement of a product within a store, or online, can determine the sales performance of that product.
Schach [20]
F

Product Placement. a form of advertising in which name brand goods are placed in sports & entertainment programs. embedded marketing.
5 0
3 years ago
Read 2 more answers
You inherit $114,000 today. Rather than spending it, you decide to invest it. If you earn 9% per year (compounded annually), how
Gelneren [198K]

Answer:

Money in 31 years will be = $1,648,641.73

<u>Explanation:</u>

As per the given data:

Inherit Money (PV) = $114,000

Interest rate (i) = 9% p.a (Compounding is done annually as said in the question)

Holding period (n) = 31 years.

Money to have in is the Future value (FV) =?

We can use following time value formula to calculate the future value -

FV = PV * (1 + i) ^ n

putting the values :

FV = 114,000 * (1 + 0.09) ^ 31

FV = 114,000 * (14.461769531353)

 Thus,  

Future Value is = $1,648,641.73

7 0
4 years ago
Omega, Inc., a maker of personal fitness trackers (like Fitbit) was the first mover into the country of Malnesia. As the first m
Fittoniya [83]

Answer:

The correct answer that fills the gap is: pioneering costs.

Explanation:

After the identification of the market comes what is the moment of penetration. Care must be taken with early entry into a national market, since the pioneer costs that the first participants must bear, including the increased risk of business failure, must be taken into account.

7 0
4 years ago
Your lobster fishing business is straightforward, and you run your accounting in Excel. You maintain separate workbooks for each
Oksana_A [137]

Answer:

The three-dimensional formula that would give you the required result, that is suming the diesel fuel expenditures, which are always recorded in cell D18 for the months of August through December is:

=SUM(August:December!D18).

Explanation:

First, enter the excel starting formula "=SUM(". Type "August" or  left-click on the August sheet with the mouse. Type in colon and December or hold the Shift key and left-click on the December sheet. Then, select the cell C3 in the December sheet.  Before pressing "Enter," add a closing bracket.  The sum formula looks exactly like this: "=SUM(August:December!D18)." This formula can completely be typed manually. The formula sums up cell D18 across each of the sheets from August to December, returning a value.

7 0
3 years ago
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