Bell Company purchased supplies for $700 cash. The following statement correctly show the effect of this transaction on the accounting equation: "Assets will decrease by $700, liabilities will remain unchanged, and stockholders' equity will increase by $700". The correct option is 1.
The accounting equation is a mathematical expression of the relationship among assets, liabilities, and owner's equity. It is used to illustrate the financial position of a business. Assets = Liabilities + Owner's Equity (Capital). Therefore, any changes to the assets, liabilities, or owner's equity will have a direct effect on the other two elements of the accounting equation. Here, we will take a look at how the given transaction affects the accounting equation.Effect of transaction on the accounting equation:Assets = Liabilities + Owner's EquityBefore the transaction: $0 = $0 + $0 (equation was not balanced)After the transaction: $700 = $0 + (-$700) (equation is now balanced)Therefore, the correct statement is option 1of the effect of this transaction on the accounting equation is that assets will decrease by $700, liabilities will remain unchanged, and stockholders' equity will increase by $700.Learn more about Assets: https://brainly.com/question/27972503
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What are the main objective of forming foreign employment protection / development board?
Explanation:
The development objective of the project is to contribute to poverty reduction in Nepal, through reducing the vulnerability of Nepalese migrant workers to forced labour and trafficking, and increasing opportunities for safe and productive migration for employment overseas.
Composed of several major parts of the fingernail including the nail plate, 10 points
nail bed, matrix, cuticle, eponychium, hyponychium, specialized
ligaments, and nail fold. Together all of these parts form the
Nail unit
Nail bed
Nail plate
lunula
Answer:
Nail Unit
Explanation:
True or false. Your employer is responsible to make contributions, on your behalf, to the federal insurance contributions
Answer:
yes it is true
I HOPE THIS HELPS
TAKE CARE
Explanation:
for each definition (or portion of a definition) in the first column, select the term that most closely applies. each term may be used only once or not at all.
Definition (or Portion)
a. Representations by management that are communicated, explicitly or implicitly, i n the financial statements.
b. A description of the nature, timing, and extent of the audit procedures to be performed.
c. An estimate of the time required to perform each step in the audit.
d. The purpose of this document is to avoid misunderstandings between the auditors and the client.
e. The risk of material misstatement of an assertion about an account without considering internal control.
f . At the overall engagement level, this is the risk that the auditors may unknowingly fail to appropriately modify their opinion on financial statements that are materially misstated.
g. An identified risk that requires special audit consideration.
h. A risk that threatens management's ability to achieve the organization 's objectives.
Term
Audit plan
Assertions
Audit risk
Representation letter
Business risk
Control risk
Engagement letter
Inherent risk
Significant risk
Survival risk
Time budget
Representations by management that are communicated, explicitly or implicitly, in the financial statements is Assertions. A description of the nature, timing, and extent of the audit procedures to be performed is Audit plan.
An estimate of the time required to perform each step in the audit is Time budget.
The purpose of this document is to avoid misunderstandings between the auditors and the client is Engagement letter.
The risk of material misstatement of an assertion about an account without considering internal control is Inherent risk.
At the overall engagement level, this is the risk that the auditors may unknowingly fail to appropriately modify their opinion on financial statements that are materially misstated is Audit risk.
An identified risk that requires special audit consideration is Significant risk.
A risk that threatens management's ability to achieve the organization's objectives is Business risk.
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A high school student starts a lawn mowing business . His riding lawn mower cost $1,000; gas for the season is $2,000. He spends $500 for gas driving to and from jobs, $300 for supplies and repairs, and $200 for a trimmer. Each week his 20 customers pays $40 a week for a 20 week season. How much money did he make?
=$12,000.00 is what he earned
Explanation:
20x40.00=800×20=$16,000.00
16,000.00-$4,000.00 =$12,000.00
A high school student starts a lawn mowing business. He makes a $12,000 profit, of much money. Thus, option (a) is correct.
What is business?
The term business refers to the earning the profit. The business is the taking the risk and the earning the profit. The business are the mainly focuses to the activity of the creating, distribution and selling concept based.
Determine the given the amount of the mowing business are:
His riding lawn mower cost $1,000.Gas for the season is $2,000. He spends $500 for gas driving to and from jobs.$300 for supplies and repairs. $200 for a trimmer.20 customers pays.$40 a week20 week season.The addition of the $1,000 + $2,000 + $500 + $300 + $200
The amount was the 4000
The week was the 20 × 40
The week was the 800
The week was the 800 × 20
The amount was the 16,000
(16000 – 4000) = 12000
The amount was the mowing business money did the make are $12,000. Therefore, option (a) is correct.
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Your question is incomplete, but most probably the full question was.
He makes a $12,000 profit.He makes a $4,000 profit.He has an $8,000 total cash inflow.He has a $4,000 total cash inflow.(1) State which marketing environment affected Xerox's operation. (1mks)
(b) From your answer above, discuss which specific area from that particular enviroment affected how Xerox conducted business. (5mks)
Answer a:
Clearly, Xerox had one major issue concerning its marketing environment.
Due to technological changes, i's primary market was shifting and changing. Xerox didn't see it. Perhaps they did and decided it (the changes that is) not
Explanation:
One keyword or practice or culture or capability that was missing in Xerox was adaptability. Had they envisaged the future and created some internal structure to gradually cater to the changing requirements of their client base, they'd probably still be in business today.
So in a way, it wasn't really the change in the market that affected Xerox. It was Xerox' inability to respond to such changes that did it in. At some point, it became apparent to investors that Xerox was incapable to move with the next tide. They withdrew their funds, sold their shares and the rest is history.
Answer b:
The major area that affected how Xerox conducted business is the technology enviriomment.
Explanation
Due to the availability of technology which made it possible, peoples mindset were beginning to shift from keeping hard copies and or duplicating them to keeping electronic copies.
Two things made this idea very attractive:
1. It reduced cost greatly. In every era, cost reduction has always been an attractive business proposition for companies in any sector or subsector. As firms discovered they could cut down by keeping electronic copies of their documents, the idea quickly caught on. And so did the profits made by the renowned copier decline.
2. Another factor strenghtened the decline in making and keeping hard copies of documents is the ideology that the more papers we made, the more we were damaging our environment.
Companies that quickly adjusted even used their paper reduction efforts as a unique selling marketing proposition.
Cheers
Which group is legally responsible for implementing
protection and controls that ensure your workplace
meets safety standards?
A. Employers
B. Unions
C. Employees
D. Government
Answer:
A
Explanation:
Answer:
It SHOULD be employers but i may be wrong... if i'm not CAN I PLES HAVE BRAINLYIEST
Explanation:
Also, if i'm right there is no need to thank me unless you want too
_______________ are a comprehensive tool, especially since it would cost our society so much to prosecute and allow a trial for every individual that committed a crime.
Answer:
"Plea bargains" would be the correct approach.
Explanation:
The mechanism by which a convicted criminal as well as lawyer arrive at a mutually agreeable conclusion of such a criminal proceeding needs to be approved by the judge. It is indeed a deal during which the offender seeks to make a reduced case guilty verdict and indeed the complainant offers to dismiss an even more severe punishment._____ enables employees who lose their jobs or have their hours reduced to a level at which they are no longer eligible to receive medical, dental or optical benefits have the right to pay to continue receiving benefits for themselves and their dependents under the employer's policy.
Answer:
employment and labor law
do a man's physical strength allows his to work more effectively than a women?
Answer:
yes
Explanation:
if we are talking about a job in which strength is necessary men tend to be stronger this is because of muscle structure and other evolutionary factors in the way but if it's a job about art things that the creativity and not use of strength is needed is fair game
Answer:
yes
Explanation:
what he said ^
According to the box "Outline of a Comprehensive Business Plan," it is reasonable to assume that a quality business plan will take
Multiple Choice
O
O
O
at least six months
over a year
around one or two weeks
about two months
to generate. T
As stated in the box "Outline of a Comprehensive Business Plan," a quality business plan should take around two months to generate. Thus, Option D is correct.
A quality business plan typically takes about two months to generate, as it requires careful research, analysis, and planning of various aspects of the business, including its market, competition, financial projections, and management structure. However, the time required to develop a business plan can vary depending on the complexity of the business, the availability of information, and the resources available to the entrepreneur or team developing the plan.
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What technology is used in a plough?Describe it.
Answer:
A plough or plow (US; both /plaʊ/) is a farm tool for loosening or turning the soil before sowing seed or planting. Ploughs were traditionally drawn by oxen and horses, but in modern farms are drawn by tractors. A plough may have a wooden, iron or steel frame, with a blade attached to cut and loosen the soil.
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As a result of the industrial revolution, steam engines could now be used to pull plows. In the early 20th century, internal-combustion-powered tractors replaced them.
What was industrial revolution?During the Industrial Revolution, which took place in the 18th century, scientific and technological advancements led to the industrialization of rural, agrarian cultures, particularly those in Europe and North America.
The steam engine, the age of science and mass production, and the rise of digital technology were three innovations that dramatically altered the world as we knew it.
An agrarian economy gave way to an industrial economy during the Industrial Revolution, where things were no longer exclusively manufactured by hand but also by machines.
This resulted in an uptick in output and efficiency, as well as decreased prices, a growth in goods and services, higher earnings, and a migration of people from rural to urban regions.
The advent of capitalism, European imperialism, efforts to mine coal, and the effects of the Agricultural Revolution are some of the factors that historians have recognized as contributing to the Industrial Revolution.
Water and steam power were utilised in the First Industrial Revolution to automate production. Electricity was employed by the Second to facilitate mass production. The Third automated production using electronics and information technologies.
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Pretend you are President of the United States. The Citizens and the economy of the USA need financial assistance to get back on their feet. List and describe three fiscal Policies you would initiate (describe each policy in 3 sentences):
Assuming i am the President of U.S. and the country needs a financial assistance to get back on their feet. The most likely fiscal Policies we would initiate are the:
contractionary fiscal policyexpansionary fiscal policyWhat do we call a Fiscal policy?In economics, a fiscal policy refers to a governmental decision to increase or decrease taxation and spending. Most time, a Fiscal and monetary policy are often used together to influence the economy. But the fiscal policy can affect a company’s growth, hiring ability and taxes.
We have 3 types of fiscal policy which includes a neutral, expansionary, and contractionary fiscal policy. The neutral policy is one where government takes no steps to provide economic support because it feels the economy is healthy and stable, the expansionary fiscal policy mainly involves increasing spending or cutting taxes to prevent or end a recession or depression and the contractionary fiscal policy involves cutting spending or raising taxes to slow down unsustainable economic growth.
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molly shot 20 baskets in 4 mins.... Nico shot 42 baskets in 6 min.... how many more baskets did nick shoot per min..
Oliver is a manager at a clothing store. He spends most of his time in the store with his employees, making sure they work their scheduled hours, watching them interact with customers, and ensuring all the daily tasks are completed sufficiently. Oliver is a
According to the context Oliver is a first line manager, where his function is more of control and supervision than direction.
What are first line managers?They are the ones whose function is to supervise the work of the lower levels and to communicate the inconveniences to the middle managers.
These types of managers are found after the operators or workers and lack the authority to make decisions that guide the business course.
Therefore, we can conclude that a first line manager is the one in charge of supervising the work of other people at a lower level, that is, they maintain and manage the work team.
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what is stock exchange?
when the value of the euro increases compared to the us dollar, the price of us exports to europe will decrease
It is true that When the value of the euro increases compared to the us dollar, the price of us exports to Europe will decrease.
What happens to the value of euros as a result of increase in demand for dollars ?It should be noted that Increasing demand for a country's goods as well as the services do bring about increases demand for its currency.
Therefore, It is true that When the value of the euro increases compared to the us dollar, the price of us exports to Europe will decrease.
We can conclude that Exports serves as the movable goods produced within the country, and are been traded with another country however The sale of these goods brings about the foreign currency earnings with respect to the country that produces them .
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Happy Trails, Inc. manufactures railway coaches and uses the FIFO method of process costing to record costs. The WorkminusinminusProcess Inventory of the Heating Department on October 1 was 73% complete for materials and 23% complete for conversion costs. On October 31, its ending WorkminusinminusProcess Inventory was 80% complete for materials and 43% complete for conversion costs. This means that for the ending inventory, ________% of the materials and ________% of the conversion costs were added during October.
Answer:
80 % of materials ; 43 % of conversion costs
Explanation:
The FIFO method traces equivalent units for materials and conversion costs for the following categories :
Opening Work in Process unitsUnits started and completedEnding Work in Process unitsSo the units not completed from last months are the first to be completed during the month (hence To finish Opening Work in Process). During the year there are units started and completed (hence Units Started and Completed) and units started that never gets completed (hence Ending Work in Process units).
All these physical units need to be expressed to the percentage of work done on them - equivalent units.
The question is focusing on Number 3 - Ending Work in Process units. So 80 % of materials and 43 % of conversion costs were added during October for these units.
Market competition is described as a:
A. Full contact sport
B. None of these
C. Survival of the fittest
D. No holds barred
Answer:
Survival of the fittest
Explanation:
Survival of the fittest, term made famous in the fifth edition (published in 1869) of On the Origin of Species by British naturalist Charles Darwin, which suggested that organisms best adjusted to their environment are the most successful in surviving and reproducing. Darwin borrowed the term from English sociologist and philosopher Herbert Spencer, who first used it in his 1864 book Principles of Biology. (Spencer came up with the phrase only after reading Darwin’s work.)
just finished writing a business report that ended up being 35 pages long. now that she is ready to create the executive summary, how long should it be?
The executive summary should be two pages.
Less than two pages should be used to summarize the key ideas in your company strategy. Before creating your executive summary, draft your Business report.
If you utilize a template for an executive summary, modify it to meet your Business report. A Business report is generally used by new business owners or entrepreneurs to pitch their brilliant venture to prospective investors. Obtaining funding from investors or persuading bankers to grant a business loan are the two goals of the business plan. An executive summary is a brief outline of a business plan that focuses on the key points.
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Can you help me arrange the steps in accounting cycle?
-Preparing the adjusting Entries at the end of the year and
posting the entries to the ledgers.
-Preparing the Financial Staments
-Journalizing o
Yes, I can help you arrange the steps in the accounting cycle. The accounting cycle is a series of steps that companies follow in order to prepare their financial statements.
The steps are as follows:
1. Journalizing: This is the first step in the accounting cycle and involves recording all financial transactions in a journal.
2. Posting: This step involves transferring the journal entries to the ledgers.
3. Preparing the adjusting entries at the end of the year: This step involves making any necessary adjustments to the financial statements to ensure that they accurately reflect the company's financial position.
4. Preparing the financial statements: This step involves preparing the income statement, balance sheet, and statement of cash flows.
5. Closing the books: This step involves closing out temporary accounts, such as revenue and expense accounts, and transferring their balances to permanent accounts.
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Kubin Company’s relevant range of production is 12,000 to 16,000 units. When it produces and sells 14,000 units, its average costs per unit are as follows:
Direct materials $ 7.30
Direct labor $ 4.30
Variable manufacturing overhead $ 1.80
Fixed manufacturing overhead $ 5.30
Fixed selling expense $ 3.80
Fixed administrative expense $ 2.80
Sales commissions $ 1.30
Variable administrative expense $ 0.80
Required:
1. If 12,000 units are produced and sold, what is the variable cost per unit produced and sold?
2. If 16,000 units are produced and sold, what is the variable cost per unit produced and sold?
3. If 12,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?
4. If 16,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?
5. If 12,000 units are produced, what is the average fixed m
Answer:
1. If 12,000 units are produced and sold, what is the variable cost per unit produced and sold?
variable cost per unit = $7.30 + $4.30 + $1.80 + $1.30 + $0.80 = $15.502. If 16,000 units are produced and sold, what is the variable cost per unit produced and sold?
variable cost per unit = $7.30 + $4.30 + $1.80 + $1.30 + $0.80 = $15.503. If 12,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?
$15.50 x 12,000 = $186,0004. If 16,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?
$15.50 x 16,000 = $248,0005. If 12,000 units are produced, what is the average fixed m
average fixed manufacturing cost = ($5.30 x 14,000) / 12,000 = $6.1833 average fixed selling expense = ($3.80 x 14,000) / 12,000 = $4.4333average fixed administrative expense = ($2.80 x 14,000) / 12,000 = $3.2667total fixed expenses per unit = $13.8833The Us Joint has an 18% market share of the fast-food market in India. The market is worth $12
million per year. Calculate the annual sales of Js Joint? *
O 18%
O $12 Million
O 2.16 Million per year
Answer:2.16 Million per year
Explanation: 12million times 18%
The annual sale of the company Us Joint is 2.16 Million per year. Thus, option fourth is correct.
What is the meaning of market share?Market share is the proportion of an industry's or market's total revenues achieved by a certain business over a given time period.
Market share is derived by dividing the company's sales for the period by the industry's total sales over the same period. A company's market share is defined as its sales as a proportion of overall industry revenues.
A company's market share may be calculated by dividing its total sales revenue by the total sales of the industry over a fiscal year.
According to the question, market share of the fast-food market in India is 18%. The market is worth $12 million per year.
The annual sale of the company is computed as follows:-
Annual sale = Market worth × Percentage of Market share
= $12 million × 18%
= $2.16 Million per year
Therefore, it can be concluded that The yearly revenue of the firm Us Joint is $2.16 million. Hence, option fourth is correct.
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A county three-lane highway that will stretch about 20 miles is being built in Lee Town. This highway is paid for by
A. National government funds
B. State government bonds
C.municipal bonds
D. Commodities
Answer:
B
Explanation:
Because the goverment is shareing the bonds
Answer:
xip mon lo
Explanation:
ok ok ok ok ok ok
Match the job titles with career clusters executive secretary survey researcher Storage and distribution manager loan officer cargo and freight agent general manager
Answer:
Accountant - Finance
Survey Researcher - Science, Technology, Engineering and Mathematics
Loan Officer - Finance
Cargo and Freight Agent - Transportation, Distribution and Logistics
General Manager - Business Management and Administration
Executive Secretary - Business Management and Administration
Storage and Distribution Manager - Transportation Distribution and Logistics
Purchasing Agent - Manufacturing
Explanation: i took the test and got 100
Matching the job titles with career clusters are Executive Secretary in Business Management and Administration, Survey Researcher in Science, Technology, Engineering and Mathematics.
What are career clusters?Career Clusters provide students with a context for studying traditional academics and learning the skills specific to a career, and provide U.S. schools with a structure for organizing or restructuring curriculum offerings and focusing class make-up by a common theme such as interest.
In the U.S. Department of Education model, 17 Career Clusters link to 70+ more specific Career Pathways each having its knowledge and skills requirements. Within the 70+ career pathways, 1800 Career Specialties are defined. The structure has evolved and may vary by state. Matching more job titles with career clusters are Storage and Distribution Manager - Transportation Distribution and Logistics, Loan Officer Finance, and Cargo and Freight Agent - Transportation.
Further, Distribution and Logistics, General Manager - Business Management and Administration.
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Who’s ready to f lemme know?
Answer:
lol
Explanation:
Answer:
wrong website
Explanation:
how
has covid 19 affect sickle cell with hospital financial
strain
The financial strain caused by the COVID-19 pandemic has had an impact on the management and treatment of sickle cell disease in hospitals.
Hospitals have faced resource constraints, including limited staff, equipment, and funding, which can affect the quality and accessibility of care for individuals with sickle cell disease. This may lead to challenges in providing timely and comprehensive treatment, monitoring, and support services for patients with sickle cell disease, potentially impacting their overall health outcomes. The financial strain on hospitals has highlighted the need for continued investment and support in healthcare systems to ensure the provision of adequate care for individuals with chronic conditions like sickle cell disease.
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What is the purpose of a design brief?
At which stage in the customer experience process does the information start flowing from producer to customer?
At the stage of Production promotion, customer acquisition, and brand building in the customer experience process the information start flowing from producer to customer.
The basic purpose of promotion is to persuade customers to buy and primarily includes three types of sales activity: Advertising, Personal Selling, and Product Promotion.
Product promotion is the process by which a company uses the mediums at their disposal to encourage customers to buy their products. They can offer exclusive deals, discounts and other opportunities for a limited amount of time, enticing customers to purchase their product or service.
The Product Promotion means disseminating the information about the product, product line, brand and company to the prospective buyers with the intent to generate sales and develop a brand loyalty.
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changes in income levels of macro environment
The macro-environment, as opposed to specific marketplaces, refers to the overall state of an economy.
GDP, fiscal policy, monetary policy, inflation, employment rates, and consumer spending all have an impact on the macroenvironment. Business decisions about items like spending, borrowing, and investing are impacted by the macroeconomic environment.
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Answer: The macro-environment, as opposed to specific marketplaces, refers to the overall state of an economy.