The Fast Transport Company purchased a truck for $30,000, making a down payment of $5,000 cash and signing a $25,000
note payable due in 60 days. As a result of this transaction total
assets will increase or decrease with how much? Liabilities will
increase or decrease with how much?
Answers
The total assets of the Fast Transport Company will increase by $30,000. The down payment of $5,000 cash and the truck purchased for $30,000 will both be considered as assets.
When the Fast Transport Company purchased the truck, it made a down payment of $5,000 in cash. This $5,000 will be recorded as an increase in assets because cash is an asset. Additionally, the company signed a $25,000 note payable, which means it owes $25,000 to another party. The truck purchased for $30,000 will also be recorded as an increase in assets. Therefore, the total assets will increase by $30,000 ($5,000 cash + $25,000 truck).
On the other hand, the liabilities of the Fast Transport Company will increase by $25,000. The note payable of $25,000 represents a debt owed by the company. This note payable will be recorded as an increase in liabilities because it is an amount owed to another party.
To summarize, the total assets of the Fast Transport Company will increase by $30,000, and the liabilities will increase by $25,000 as a result of this transaction.
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Related Questions
What is market information?
Answers
Answer:
Market Information means an electronic document (also available in paper form upon request) located on the Trading Platform which sets out the commercial details for each Market, including but not limited to: Margin Factors, the minimum and maximum Quantity and Our Spread.
Explanation:
brainliest plz
Answer:
The results of marketing research that are used to plan for future marketing or product development activities. The information may come from a single source or through a system of collection.
Explanation:
on edge 2022
A capital deficiency exists when a partner has a debit balance in their capital account at the point of final cash distribution during liquidation.
true or false
Answers
A capital deficiency exists when a partner has a debit balance in their capital account at the point of final cash distribution during liquidation. This statement is true.
During the liquidation process, a partnership's assets are sold off, debts are paid, and any remaining cash is distributed to the partners.
Each partner's capital account reflects their share of ownership in the partnership.
If a partner's capital account has a debit balance, it means they owe more to the partnership than what they have contributed or earned.
A capital deficiency can occur due to losses incurred by the partnership or if a partner has withdrawn more cash or assets than their share entitles them to.
In this situation, the partner with a capital deficiency is responsible for repaying the amount owed to the partnership.
For example, let's say a partner's capital account has a debit balance of $5,000. During liquidation, if the partnership has $10,000 in cash to distribute, the partner with the capital deficiency will not receive any cash until their debit balance is fully repaid.
In conclusion, a capital deficiency in a partner's capital account at the point of final cash distribution during liquidation signifies a true statement.
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Gross sales is defined as the sales
for
and goods
given to customers.
Answers
Answer:
Gross sales is a metric for the total sales of a company, unadjusted for the costs related to generating those sales. The gross sales formula is calculated by totaling all sale invoices or related revenue transactions
Scenario: Fiscal Policy Consider the economy of Arcadia. Its households spend 75% of increases in their income. There are no taxes and no foreign trade. Its currency is the arc. Potential output is 600 billion arcs. Reference: Ref 13-11 (Scenario: Fiscal Policy) Look at the scenario Fiscal Policy. Suppose the government decides to tax its citizens. The tax multiplier is: Group of answer choices impossible to determine. zero, because changes in taxes have no effect on aggregate demand. greater than the government spending multiplier. less than the government spending multiplier.
Answers
Answer:
less than the government spending multiplier
Explanation:
Given :
Percentage spends by a households for the increase in the income = 75%
So the mpc = 0.75
Potential output = 600 billion arcs
The government multiplier is = \($\frac{1}{1-0.75}$\)
\($=\frac{1}{0.25}$\)
= 4
The tax multiplier is = \($\frac{c}{1-c}$\)
\($=\frac{0.75}{0.25}$\)
= 3
Thus we see that the tax multiplier is less than the government spending multiplier.
market economies use capital goods because they improve productive efficiency T/F
Answers
The statement is True.Market economies utilize capital goods because they enhance productive efficiency.
Capital goods are physical assets, such as machinery, equipment, and infrastructure, used in the production process to create goods and services.
By employing capital goods, businesses can increase productivity, reduce costs, and improve overall efficiency. Capital goods allow for automation, mechanization, and technological advancements, enabling faster and more precise production processes.
They help in reducing labor-intensive tasks, increasing output per worker, and enhancing the quality and consistency of products. Therefore, market economies widely employ capital goods to maximize productive efficiency and achieve economic growth.
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Suppose that consumers purchase fish and computer chips. In 2010, one pound of fish costs $1, a computer chip costs $1, and the typical consumer buys 10 pounds of fish and 10 computer chips. In 2011, one pound of fish costs $2, a computer chip costs $0.50, and the typical consumer buys 5 pounds of fish and 20 computer chips. In 2012, one pound of fish costs $2.10, a computer chip costs $0.90, and the typical consumer buys 12 pounds of fish and 20 computer chips. Using 2011 as the base year, the inflation rate between 2012 and 2011 is _____ percent.
Answers
Answer:
42.5%
Explanation:
The computation of the inflation rate between 2012 and 2011 is shown below:
But before that we need to do the following calculations
Cost of basket for the year 2011 is
= 5 × 2 + 20 × 0.5
= 10 + 10
= 20
And the base year price index i.e. CPI is 100
Now
Cost of same basket in year 2012 is
= 5 × 2.10 + 20 × 0.90
= 10.5 + 18
= 28.5
Now
CPI in 2012 is
= ($28.5 ÷ $20) × 100
= 142.5
So,
Inflation rate is
= (142.5 ÷ 100) - 1
= 1.425 - 1
= 0.425
= 42.5%
Read the stage direction: As the first of the mob reaches the bottom steps. The screen door opens and Goodman comes out, a man in his early forties who first greets them smiling and then letting the smile fade as he sees the faces. Based on the stage direction, what should the reader visualize? *
a group of people calmly approaching Goodman’s home
a group of confused people rushing to safety at Goodman’s home
a group of angry people approaching Goodman’s home
a group of people rushing to save Goodman from the outage
Answers
Answer:
C.
Explanation:
A group of angry people. L(-_-)\
\
Answer:c lol angry people
Explanation:
A manufacturer of a product that has
been in business for more than a century suddenly has few
customers. Even lowering prices does not help. What should the
manufacturer do?
Answers
Running loyalty or customer reward programs may also be a way to prioritize consumers amid an economic crisis. Make changes to your goods and services to better meet the demands of your target audience. It's important to diversify your company in case you lose a big client. This is further explained below.
What is the manufacturer?Generally, A person or business that produces products for sale.
In conclusion, It may also be possible to prioritize customers during an economic crisis by implementing customer loyalty or incentive programs.
make adjustments to your products and services to better match the needs of your target market.
Having a diverse client base is essential in the event that you lose a major customer.
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If the net present value of a project is ________, the project should be accepted. greater than or equal to zero less than or equal to zero greater than or equal to the discount rate less than or equal to the discount rate
Answers
NPV equals the sum of gift values of all cash flows (inflows and outflows) in a challenge. If the NPV is greater than 0, the challenge is profitable. If the NPV is much less than 0, you should not invest in the task.
If an enterprise is profitable, it method that it generates income in preference to a loss. In other phrases, the business achieves an economic advantage. In a non-business context, the term manner 'useful' or 'useful. ' for example, if I say: “I have had a profitable day,” it was a worthwhile day, a useful or beneficial day.
The definition of worthwhile is something with a monetary gain or advantage. An example of profitable is a dresser sold from a thrift save for $10 that you're capable of promoting for $50.
The moment wherein your total business income is greater than your total business costs is when it's miles considered profitable. as in advantageousness, beneficialness. Synonyms & close to Synonyms for profitability. advantageousness, beneficialness.
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Suppose that you work for Gecko Car Insurance and are tasked with pricing decisions. Suppose that there are 10 bad drivers in the market who all have a 49% chance of filing a claim, 20 good drivers who all have a 12% chance of filing a claim, and 20 excellent drivers who all have a 1% chance of filing a claim. To simplify, assume that any time an accident occurs, Gecko must pay $1000 to insured drivers. Drivers without insurance face the same cost if they do not have insurance. Assume all drivers are risk neutral and that insurance costs $200. At this price, which drivers choose to buy car insurance? 1. bad drivers 2. good drivers 3. excellent drivers If the above description includes all revenue and costs, what is Gecko's expected profit? Expected profit: $___________ To earn positive expected profit, what is the minimum amount Gecko must charge for insurance? a. $200 b. $201 c. $490 d. $491 e. $4901 f. There is no price at which Gecko will earn a positive profit.
Answers
There is no price at which Gecko will earn a positive profit. The answer is (f).
The bad drivers are the only ones who would choose to buy car insurance at a price of $200 because their expected cost of an accident ($490) is higher than the insurance premium ($200).
To calculate Gecko's expected profit, we need to calculate the total revenue and total cost. The total revenue is the sum of the insurance premiums paid by all the drivers who buy insurance, which is 10 x $200 = $2000. The total cost is the sum of the expected payouts for all accidents, which is (10 x 0.49 + 20 x 0.12 + 20 x 0.01) x $1000 = $10,700. Therefore, the expected profit is:
Expected profit = Total revenue - Total cost
Expected profit = $2000 - $10,700
Expected profit = -$8700
Gecko's expected profit is negative, which means that they are expected to lose money at a price of $200.
To earn positive expected profit, Gecko must charge a premium that is at least equal to the expected cost of payouts. The expected cost of payouts is (10 x 0.49 + 20 x 0.12 + 20 x 0.01) x $1000 = $10,700. Therefore, the minimum amount Gecko must charge for insurance is $10,700 / 50 drivers = $214. However, this does not take into account other costs and overhead that Gecko may have, so the actual minimum amount they must charge for insurance may be higher. Therefore, the answer is (f).
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Which is a type of checking and savings account that is issued by financial institutions and investment firms that has a higher yield than simple savings accounts, but with some restrictions based on minimum amounts withdrawn
Answers
Answer:
Money Market Account
Explanation:
the net effect of most of franklin roosevelt's early foreign policy moves was that
Answers
The net effect of most of Franklin Roosevelt's early foreign policy moves was to remove the United States from a position of isolationism and to actively intervene in global affairs.
Franklin D. Roosevelt was the United States' thirty-second president. Before he became president in 1933, the United States had chosen to isolate itself from global events after World War I. Roosevelt was elected to three presidential terms and, with his New Deal and foreign policy interventions, transformed the role of the federal government during the Great Depression.
Roosevelt started taking a number of actions on foreign policy very early in his presidency. In 1933, he announced that the United States would cease participation in the London Economic Conference and seek to increase trade outside of Europe. He also recognized the Soviet Union in 1933 and extended diplomatic recognition to the Communist government.The United States would no longer be a country of isolationism as a result of Roosevelt's early foreign policy actions. As a result of Roosevelt's actions, the US would become increasingly engaged in global affairs, with Roosevelt at the helm.
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question modemultiple choice questionwhich component of the marketing plan allows a company to understand information about its current business and then make strategic decisions about how to best move forward?multiple choice question.executive summaryfinancialsfeedbackmission statementsituation analysis
Answers
Product, pricing, promotion, and site are the four primary themes included in the marketing section of a company strategy.
The four Ps are a "marketing mix" that includes four crucial elements for selling a good or service: product, pricing, place, and promotion. When businesses create marketing plans and strategies to reach their target audience, they frequently consider the four Ps.
The marketing plan outlines the approach a company will take to advertise its items to customers. The strategy identifies the target market, the value proposition of the brand or product, the campaigns to be launched, and the metrics to be used to assess the performance of marketing initiatives.
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or placing trade restrictions on other countries to shield domestic industries from
competition, takes many forms.
are taxes imposed on imported goods and services.
place limits on the amount of a good that can be imported from a particular country.
Early in the twentieth century, the United States imposed
Y agricultural
goods. While this measure protected US farmers, it caused European governments to impose
tariffs
on US products. Heavy tariffs on imports led to a drastic decline in international trade, which further weakened the
global economy and aggravated the Depression.
Today, some US workers believe the government should
protectionism to protect their industries from
foreign competition and prevent job
in the United States. This thought is shared by
some business owners as well.
Answers
Answer: protectionism, tariffs, quotas, tariffs, European,
retaliatory, increase, cheaper, losses
Explanation: Plato / Edmentum
Terry Hamilton has just received $22,000 from an uncle who died and is trying to decide how to invest it. She has done some research and has decided that about 30% of the money should go into large cap stocks, 20% into medium cap stocks, 15% into small cap stocks, 10% into bonds, 10% into foreign stock, and 15% into cash. She thinks that even if one area does not do that well, the rest will so that her overall return will be pretty good. Terry is demonstrating an understanding of what aspect of investing
Answers
Answer:
diversification
Explanation:
Diversification is generally considered not putting all your eggs in one single basket. In other words, by diversifying her investment portfolio, if one basket breaks, only one or a couple of eggs will break. This means that if one company doesn't perform well, the performance of the other companies should offset any losses.
Stewie, aged 16, has a contract with his guardian to do chores as payment for his food and housing. Stewie decides the contract is unfair and stops doing his chores.
a) Contract is valid
b) Contract is voided, subject to investigation
c) Contract is voided
d) Contract will be modified
Answers
Stewie decided to stop working his chores because the contract is voided. Option C is correct.
A contract is any written or verbal agreement between two or more parties that creates a legal obligation. The conditions of a contract are legally binding, and if they are broken, there are precise repercussions and remedies.
When Stewie entered in the contract, all the terms and conditions were mentioned already of payment of his food and housing in exchange of his chore work.
If a contract cannot be enforced as originally intended, it may be ruled void. But it did not worked out as it was mentioned. So, it can be said that the contract is voided.
Thus, option C is correct.
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Precious gems are an important natural resource of ________. Paraguay Brazil Mexico the Dominican Republic
Answers
Answer:
Brazil
Explanation:
A firm having its equity shares traded on one or more foreign exchanges, in addition to the home country stock exchange, is
Answers
question content areaaccounts receivable from sales transactions were $47,393 at the beginning of the year and $63,235 at the end of the year. net income reported on the income statement for the year was $129,873. exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method would be
Answers
The cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method would be $145,805.
To determine the cash flows from operating activities using the indirect method, we need to consider the changes in accounts receivable and net income.
The increase in accounts receivable indicates that cash was not received for all sales made during the year. Since accounts receivable increased by
$15,842 ($63,235 - $47,393),
we subtract this amount from net income to adjust for the non-cash portion of sales revenue. Therefore, the adjusted net income is
$114,031 ($129,873 - $15,842).
Next, we reconcile the adjusted net income to the cash flows from operating activities by considering other adjustments such as changes in other current assets and liabilities, non-cash expenses, and non-operating items.
Without further information on these adjustments, it is not possible to determine the exact amount. However, based on the information given, we can assume that the cash flows from operating activities to be reported would be
$145,805 ($114,031 + $15,842)
since the net income reported on the income statement was $129,873 and there was an increase in accounts receivable of $15,842.
It's important to note that additional adjustments and information may be required to prepare a complete statement of cash flows, including changes in other current assets and liabilities, depreciation, and non-operating items.
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what is brand awareness?
A.) how much potential consumers like a particular brand over another.
B.) how willing a consumer is to purchase a specific brand.
C.) how well a brand is recognized by potential customers.
D.) how well a brand is doing in comparison to its competitors
Answers
Answer:
The correct answer is C.) how well a brand is recognized by potential customers.
Explanation:
Answer:
C: how well a brand is recognized by potential customers
Explanation:
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You have decided that you want to be a millionaire when you retire in 45 years.
Requirement 1: If you can earn an annual return of 11.16 percent, how much do you have to invest today? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Investment$
Requirement 2: What if you can earn an annual return of 5.58 percent? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Investment$
Answers
Requirement 1: If you can earn an annual return of 11.16 percent, how much do you have to invest today? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
Investment $ The amount of money you have to invest today if you want to be a millionaire when you retire in 45 years, if you can earn an annual return of 11.16 percent is $4,190.25. Requirement 2: What if you can earn an annual return of 5.58 percent? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
Investment $ If you can earn an annual return of 5.58 percent, how much do you have to invest today if you want to be a millionaire when you retire in 45 years? The amount of money you need to invest today is $12,331.65. What is the present value of an annuity? The present value of an annuity is the value of a group of future cash flows at the current time. For example, if an investor can expect to receive a set amount of cash for a certain number of years in the future and would like to know what that amount is worth in the present.
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Have you ever bought something you thought would make you happy, but in the end it didn't?
Answers
Answer:
ummmmmmmmmm yea, but it's all cool now hbu
Both the production and selling and administrative expense budgets are prepared using information directly from the:.
Answers
Answer:
Both the production and selling and administrative expense budgets are prepared using information directly from the: Sales Budget
unified grows its inventory by purchasing from producers and then it distributes these products to retailers of all shapes and sizes. which logistic function does this represent?
Answers
Considering the situation described above, the logistic function this represents is "Warehousing."
This is because Warehousing is one of the logistics functions whereby producers or wholesalers store their products in a warehouse near their major distributors, such as wholesalers and retailers, before selling to retailers.
Other types of logistics functions include the following:
Order processing.Materials handling.Inventory control.Transportation.Packaging.Note that this is different from the marketing supplying chain, which usually consists of producers, wholesalers, retailers, and consumers.
Hence, in this case, it is concluded that the correct answer is Warehousing.
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Ginger works at a shop as a mechanic. One day at work, a fellow employee is pinned under a car when a jack fails. Ginger rushes over to help, and while trying to lift the car suffers a stroke.
Answers
Answer:
Ginger should be covered by worker’s compensation insurance.
Explanation:
Workers' compensation insurance covers accidents suffered by employees while they are performing their work related activities. In this case, someone who has been pinned under a car is considered a work related accident, and Ginger trying to help his fellow coworker is a normal work related activity. If you see a coworker suffer an accident, it is your duty to call for help and if possible and safe (not mandatory), try to help him/her.
which trade organization is responsible for 90% of the worlds trade ?
The EU
ASEAN
The WTO
NAFTA
Answers
Answer: The WTO
Explanation:
Use the following scenario and data for all questions
An auto service center provides two types of services, Tire Replacement (T) and Oil Change (O). About 30% of the customers are for Tire Replacement and the other 70% are for Oil Change. All customers are serviced on a first come first served basis. During regular hours, customers arrive at the service center according to the probability distribution in the following table
Two technicians are working at the service center and both of them are skillful enough for both Tire Replacement and Oil Change. Once finishing the job for a customer, a technician will take care of the next customer waiting in line. When both technicians are idle, the one who finished the last job earlier will take care of the next incoming customer. The times taken by the two jobs by any of the technicians follow the probability distributions in the following tables. You are required to simulate the operations of the auto service center for 15 customers.
Before answering the following questions, you may use the following tables to determine the cumulative probability distributions and assign random number intervals for customer arrivals, customer service types, and time needed for both types of services.
You may also simulate the operations of this auto service center for the 15 customers using the random numbers given in the following table. The "Start Time" is the time point when the job for the customer starts and the "Finish Time" is the time point when the job for the customer finishes.
For customer arrivals, the random number interval assigned to the Time between Arrivals of 5 minutes is
a. 0.0000-0.1499
b. 0.1500-0.3999
c. 0.4000-0.7999
d. 0.8000-0.9999
e. None of the above
Answers
The random number interval assigned to the Time between Arrivals of 5 minutes is 0.4000-0.7999. Here option C is the correct answer.
In the simulation of the auto service center, random numbers can be generated for each customer to determine their arrival time. By comparing the generated random numbers to the assigned intervals for customer arrivals, you can determine the time intervals between consecutive customer arrivals.
For example, if the random number generated for a customer falls within the interval 0.4000-0.7999, it means that the time between the arrival of the previous customer and the current customer is 5 minutes.
By repeating this process for all 15 customers, you can simulate the arrival times for each customer in the auto service center. This information can then be used to further simulate the operations and service times for the customers based on the provided probability distributions.
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Which of the following is most clearly consistent with the basic principle of economics regarding the reaction of people to a change in incentives. Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a) Nike will produce fewer shoes in response to an increase in the price of shoes. b) People will buy more bread at a price of $4 per loaf than at $3 per loaf. c) People will buy less milk if the price of milk increases by $.50 per gallon. d) People will consume more chicken if the price increases from $1 to $2 per pound.
Answers
Answer:
a
Explanation:
its because people wont be able to afford hence reduced production of shoes
Which investment advice would Gale most likely give to Alex? Invest in stocks because they are less risky. Put most of your money in a savings account instead. Spread your investments in several different areas. Stick with the stocks because they will bounce back.
Answers
Investment advice is the advice given by consultants or consultancy firms holding special expertise in the field of securities market to the individual investors.
Investment DecisionTheir is a very popular quote in the investment market that "do not put all your funds in a single security " and put your funds in different securities so that loss of a security is set-off with the gains of other security.
Therefore , the investment advice most likely Gale would give to Alex will be "Spread your investments in several different areas" and OPTION C is correct.
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Answer:
c
Explanation:
Q. 2:- Choose the correct answer :-
1-The muslim must belive that the seal of the Prophets and the
Messenger of Allah is
a) Musa (A.S.)
b) lyaas (A.S.)
c)Muhammed (S.A.W.)
2-The dominating book over all other heavenly Books is
a) At-Taurat
b) Al- Quran
C) Al- Injeed
3- Whoever believes that the Quran is not the last heavenly book sent
down is regarded as
a)An Outsider of the religion of Islam.
b)A muslim.
c)A weak of faith.
Answers
Answer:
1) Muhammad (S.A.W)
2) Al- Quran
3) A muslim