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bekas [8.4K]
2 years ago
13

If a company paid $38,000 of its accounts payable in cash, what was the effect on the accounting equation? Multiple Choice Asset

s would decrease $38,000, liabilities would decrease $38,000, and equity would decrease $38,000. Assets would decrease $38,000, liabilities would decrease $38,000, and equity would increase $38,000. Assets would decrease $38,000, liabilities would decrease $38,000, and equity remains unchanged. There would be no effect on the accounts because the accounts are affected by the same amount. Assets would increase $38,000 and liabilities would decrease $38,000.
Business
1 answer:
Tom [10]2 years ago
6 0

Answer:

Assets increase by $75,000 and liabilities increase by $75,000.

Explanation:

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Hamby Company expects to incur overhead costs of $10,000 per month and direct production costs of $136 per unit. The estimated p
hichkok12 [17]

Answer:

c. $272

Explanation:

Overhead costs (O) = $10,000 per month

Direct production costs (Pc) = $136 per unit

Units produced (n) = 1,600 units

The total manufacturing cost per unit for a production activity of 1,600 units is given by:

C=\frac{(P_C*n)+(O*12)}{n}\\C=\frac{(136*1,600)+120,000}{1,600}\\C=\$211

For a desired gross profit per unit of $61, the selling price should be:

61=S-211\\S=\$272

The answer is c. $272

4 0
4 years ago
Seedstock producers are cow/calf producers who produce _________ for purebred or commercial operations.
saw5 [17]

Answer:

Breeding stock.

Explanation:

Seedstock producers are cow/calf producers who produce breeding stock for purebred or commercial operations.

This ultimately implies that, seedstock producers are individuals who are saddled with the responsibility producing cow/calf by making the breeding stock available for other livestock farmers. Thus, the breeding stock are the primary calves that are used for producing cattles in large quantities.

5 0
3 years ago
Kerry, Inc., exchanged land and cash of $8,900 for equipment. The land had a book value of $64,000 and a fair value of $69,900.
kipiarov [429]

Answer:

Explanation:

The journal entry is shown below:

Equipment A/c Dr $78,800

    To Gain on exchange A/c  $5,900                      

    To Land A/c $64,000

    To Cash A/c $8,900

(Being the exchange is recorded and the remaining balance is credited to the gain on exchange account)

The equipment value is computed below:

= Fair value + exchange value

= $69,900 + $8,900

= $78,800

3 0
4 years ago
How the company could<br>use social network to improve its online auction​
frozen [14]

Answer:

the answer is an answer :/

Explanation:

4 0
3 years ago
Unsought goods are characterized as being the kinds of goods that consumers _____.
lara31 [8.8K]
Unsought goods are characterized as being the type of goods at consumers aren't aware exist or that they have no interest in. Sometimes, these goods can be because they are a new brand that hasn't grabbed ahold of the market they are fully after. Brand awareness can play a huge part it why a consumer isn't purchasing. If the product doesn't fit the needs of the customer and they don't see the value in it, then there won't be any reason for them to make a purchase. 
8 0
4 years ago
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