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ahrayia [7]
2 years ago
7

D. What is the effect on XYZ's accounting equation in June when it remitted the $10,000?​

Business
1 answer:
erik [133]2 years ago
7 0

Answer:

Determination of effect of the listed transactions of Nikea Inc. on the accounting equation:

It is given that In May 2013, Nikea recorded the transaction by debiting accounts receivable for $10,000 and crediting service revenues for $10,000.

Accounts receivable is an asset and debiting assets means increasing the asset. A Service revenue is part of equity and crediting the revenue means increasing the equity.

Hence we can say that this transaction as increased the assets and equity of Nikea Inc.

Explanation:

Determination of effect of the listed transactions of Nikea Inc. on the accounting equation:

It is given that In May 2013, Nikea recorded the transaction by debiting accounts receivable for $10,000 and crediting service revenues for $10,000.

Accounts receivable is an asset and debiting assets means increasing the asset. A Service revenue is part of equity and crediting the revenue means increasing the equity.

Hence we can say that this transaction as increased the assets and equity of Nikea Inc.

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What organization can you contact to find local trade shows?
lara31 [8.8K]
<h3>Hello there!</h3>

Your question asks what organization you could contact to find local trade shows.

<h3>Answer: The Chamber of Commerce</h3>

The reason why "The Chamber of Commerce" is the correct answer because there are specifically the ones that deal with businesses that want to promote their business to other businesses. They help businesses network with each other.

If a business contacts The Chamber of Commerce, they will tell you where the nearest trade show is at.

A trade show is a place where businesses go to promote their businesses to other businesses, and possibly get a chance to get a partnership or cooperate with another business

<h3>Why the other answer choices are incorrect:</h3>

"The American Heart Association" is incorrect because they don't help businesses out. Their focus is to fund the research of cardiovascular diseases

"The sports arena" is because they don't deal with businesses at all. The only thing a sports arena does it showcase sports games. This answer would be easily out.

"The Department of Water and Power" is incorrect because they only work on anything electrical or water related. They build and fix things that's in the area. This answer would be easily out too.

<h3>I hope this helps!</h3><h3>Best regards,</h3><h3>MasterInvestor</h3>
3 0
3 years ago
A) Give an example of a deferred expense.
mamaluj [8]

Answer:

Payment of a Term Insurance Policy

Explanation:

A term insurance policy has a total price that is usually paid through the period determine for its coverage with monthly payments called premiums. In this case, the expense is deferred for an specific period of time. The logic behind this payments is that you received the service of product without paying the total price of it beforehand.

3 0
3 years ago
Why is it necessary to define policy elements?Discuss the terms confidentiality, integrity, and availability as they relate to i
aleksklad [387]

Explanation:

First, it is important to know the definition of policy and its relevance to society and organizations.

Politics is the science of organization, direction and administration, linked to government, the state and public administration, with the aim of guiding the administration and promoting the public good. Therefore in every act of managing, whether in the fields of public or private administration, there will be policies for the direction of society and business.

Public policies are composed of 4 main elements: government involvement, perception of a problem, definition of an objective and definition of an action process.

Because of its relevance to social welfare, policy must be protected in different ways, so it is right to relate policy design to the three pillars of information security, confidentiality, integrity and availability.

Confidentiality refers to actions to ensure that data are protected, with a hierarchy of access to information only by authorized, is what happens in policy, the set of guidelines should be protected and only the high hierarchy can change it if necessary.

Integrity corresponds to preserving the reliability, accuracy and consistency of information, in politics we can relate how the protection of information change by unauthorized persons and the design of policies that integrate and benefit the whole society.

Availability corresponds to the access of information by individuals, in politics can be related to the access that every citizen should have of the set of policies to guide their actions and protect society from possible conflicts.

8 0
3 years ago
Zen Corp, an Australian company, and Pluto Inc, an American company, entered into a one-time contract to build an elevated expre
Marina CMI [18]

Answer: Joint Venture

Explanation:

Joint Venture is a form of business whereby two parties will have to come together and utilize their resources and put their skills together as well in order to achieve a common goal.

Zen Corp, an Australian company, and Pluto Inc, an American company, entered into a one-time contract to build an elevated expressway in Florida. The contract was for a period of five years and both companies were equally liable under their agreement. This is a form of joint venture.

7 0
3 years ago
Sommers Co.'s bonds currently sell for $1,080 and have a par value of $1,000. They pay a $100 annual coupon and have a 15-year m
marissa [1.9K]

Answer:

b. 9.01%

Explanation:

In this question, we use the Rate formula which is shown in the spreadsheet.  

The NPER represents the time period.  

Given that,  

Present value = $1,080

Future value or Face value = $1,000  

PMT = 100

NPER = 15 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after solving this, the yield to maturity is 9.01%

8 0
3 years ago
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