answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ddd [48]
2 years ago
15

Jackson Electric Services Company incurred​ $800 as a repair expense and paid for it in cash. The company is a sole proprietorsh

ip. This transaction will​ ________. A. increase the assets of the business B. increase the liabilities of the business C. decrease the liabilities of the business D. decrease the​ owner's equity
Business
1 answer:
almond37 [142]2 years ago
5 0

Answer: Option D

Explanation: Owners equity refers to the amount of funds made available by the owners to operate the business activities. It includes initial capital invested and profits generated for the period

In the given case, the expense of $800 did not bring any assets or liabilities to the entity. Such an expense will be recorded in income statement leading to decrease in profits, thus, resulting in decrease in owners equity.

You might be interested in
Janice has calculated the GDP for 2018 by using the total final goods and services times the 2018 prices of total goods and serv
zubka84 [21]

Answer:

a. Janice must adjust the total value 2018 GDP for inflation.

Explanation:

Gross domestic product is defined as the amount of goods and services produced by a country in a particular period. It is a measure of economic growth of the country.

Real GDP is calculated from GDP by adjusting for inflation of deflation. Real GDP gives a more clear picture of the economy since it considers the reality of inflationary effect on prices.

For example when prices go up and GDP is used, it will seem the country is producing more. Which is a wrong assumption.

Real GDP give a more accurate insight into a countrie's productivity.

5 0
2 years ago
A buyer of a 2003 Protege S Hatchback has a choice of 0% financing for 60 months or a $3,600 rebate. He plans to make no down pa
alekssr [168]

Answer: Option A which is the Dealership 0% financing option will be preferable if the Price of the car is less than the different of Loan monthly Payments minus Rebates.

Explanation:

OPTION 1

A buyer pays 60 monthly instalments and the interest rate is 0%. This tells us that there is no interest the value of the debt (Which is the price of 2003 Protege S hatchback) will not increase over the period of 60%, with this option time value of money is not considered.

Option 2

The buyer receives a Rebate of $3600 if the car is paid for in cash. The buyer qualifies for a loan at an effective rate of 7% per annum. The amount of a loan will be the Price of a 2003 Protege S Hatchback. Assuming the Loan will also ave a period of 60 months, The Total amount Payable over the period of 60 months equals Loan Monthly  payments multiplied by 60 months. The buyer receives a rebate of $3600, therefore The Net Amount Payable for Option 2 financing is found by multiplying Loan monthly payments by 60 months then subtract the Cash Rebate received of $3600

Let us now compare the two options to find out how Large must the Car be for option A to be preferable.

Y = The Price of a 2003 Protege Hatch Back, Which also equals the amount of debt over a period of 60 years (option A has no interest)

Monthly Payments of a loan = P

number of Periods = 60 months

Debt in 60 months  versus Loan payments multiplied by 60 months - rebate

Therefore Y ∠ P x 60 months - $3600

Option A which is the Dealership 0% financing option will be preferable if the Price of the car is less than the different of Loan monthly Payments minus Rebates.

8 0
2 years ago
A stock is expected to maintain a constant dividend growth rate of 4.6 percent indefinitely. If the stock has a dividend yield o
bearhunter [10]

Answer:

10.5%

Explanation:

Dividend yield=5.9%

Growth rate=4.6%

Required return on the stock=Dividend yield+growth rate

                                                =5.9%+4.6%=10.5%

6 0
2 years ago
An ordinary annuity selling at $4,947.11 today promises to make equal payments at the end of each year for the next eight years
Kryger [21]

Answer:

$812.49

Explanation:

Given that

Sale value of ordinary annuity = $4,947.11

Time period = 8 years

Interest rate = 6.50%

So by considering the above information, the annual annuity payment is

$4,947.11 = Annual annuity payment × Present value annuity factor at 6.5% for 8 years

$4,947.11 = Annual annuity payment × 6.0888

So, the annual annuity payment is $812.49

7 0
2 years ago
The Camino Real Landfill was required to install a plastic liner to prevent leachate from migrating into the groundwater. The fi
tensa zangetsu [6.8K]

Answer:

25.25%

Explanation:

With a fill area of 50,000m^{2}, and an installed liner cost of $8, the total cost of installation = 50,000 * 8 = $400,000.

Annual average annual cost = $400,000/4 = $100,000 (since the fill area is adequate for 4 years).

Estimated annual revenue = P_{p}* V_{p} +P_{d}* V_{d}+P_{c}* V_{c}

(P = Price, V = Value, p = Pick Up, d = Dump Truck, c = Compactor Truck)

= (10*2,500) + (25*650) + (70*1,200)

= $125,250.

Therefore, annual rate of return = \frac{125,250}{100,000} - 1 = 25.25%.

7 0
2 years ago
Other questions:
  • Joseph purchased 100 shares of abcd growth fund for $10.00 per share for a total investment of $1,000. at the end of one year, h
    8·1 answer
  • The chart shows a range of credit scores.
    8·2 answers
  • Stacey inherits unimproved land (fair market value of $6 million) from her father on June 1, 2019. She disclaims her interest in
    9·1 answer
  • LO 3.5Macom Manufacturing has total contribution margin of $61,250 and net income of $24,500 for the month of June. Marcus expec
    9·1 answer
  • The 2015 American Time Use survey contains data on how many minutes of sleep per night each of 10,900 survey participants estima
    8·1 answer
  • You purchased 100 shares of MegaCorp for $17 per share four months ago. The brokerage fee was 4% of the total dollar amount of t
    5·1 answer
  • Oriole Tire Co. just paid an annual dividend of $1.70 on its common shares. If Oriole is expected to increase its annual dividen
    12·1 answer
  • Tom's, Inc., produces various Mexican food products and sells them to Western Foods, a chain of grocery stores located in Texas
    5·1 answer
  • Organizational learning works best when there is integrated thinking and acting at all levels of the organization, according to
    8·1 answer
  • 1. Stock Values. Integrated Potato Chips paid a $2 per share dividend yesterday. You expect the dividend to grow steadily at a r
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!