The beginning balance in lucre's cash account was $1,200. during the month, lucre borrowed $5,000 cash from last national bank and paid a supplier $500. the balance in lucre's cash account is now a:______-

Answers

Answer 1

Lucre's cash account had a starting balance of $1,200. Lucre paid a supplier $500 and borrowed $5,000 from the last national bank during the month. There is currently a debit of $5,700 in lucre's cash account.

Beginning balance $1200

Add: Credits                 $500

Less: Debits                $5000

By adding the credits, debits and beginning balance and subtract the borrow:

Ending balance of Notes Payable $5700

Any securities transactions must be paid in full from monies in the account at the time of settlement if the account is a cash one with a brokerage company. Thus, with this form of account, short selling and buying on margin are prohibited. Cash accounts and margin purchases of securities are governed by Regulation T of the Federal Reserve. Investors have two business days to provide security under this regulation.

A ledger in which all cash transactions are documented is referred to as a cash account or cash book in accounting. The cash account contains both the cash receipts and payments journals.

Any transaction on a cash account must be paid in full with sufficient funds on the settlement date. Cash accounts are a form of brokerage account.

Learn more about Cash accounts here

https://brainly.com/question/18090222

#SPJ4


Related Questions

Consider the market for new higher-end televisions. when income increases, the demand for new televisions ________. therefore new televisions are ________ goods.

Answers

Consider the market for new higher-end televisions. When income increases, the demand for new televisions increases. Therefore new televisions are normal goods.

When income rises, demand for normal commodities, usually referred to as necessities, rises as well. However, demand grows more slowly than income growth.

A normal good with a positive income elasticity of demand but one or less is also defined. When spending becomes more upscale.

To know more about normal goods, click here:-

https://brainly.com/question/24100151

#SPJ4

In a transportation model, supply is also know as:__________
a. linear programming
b. production
c. origins
d. capacity

Answers

In a transportation model, supply is also know as linear programming.

Calculating the least expensive way to ship polyvinyl chloride polymer between four supply points and four demand locations requires the use of a spreadsheet and linear programming. Sensitivity analysis is used to determine how the unpredictability of unit shipping costs will affect the trading company's overall shipping costs.

Transportation model in linear programming Applying transportation models to issues pertaining to the investigation of effective transportation routes. i.e., how efficiently and inexpensively the available resources are moved to other locations. As a result, demand points are categorized as destinations.The transportation problem is a particular kind of linear programming problem where the goal is to reduce the expense of distributing a good from various sources to various destinations.A nation's infrastructure is developed in part through the use of transportation planning, or TP. It is difficult to choose the projects to be funded and implemented from the many possibilities due to the limited budget.The transportation problem is to a special family of linear programming issues where the goal is to transport a homogeneous good produced at a number of origins (destinations) at the lowest possible cost. The problem statement includes both the entire amount required by the destinations and the total amount of supply available at the origin. Additionally provided is the cost of shipping a unit of commodities from a known origin to a known destination. Finding the allocation that results in the lowest overall shipping cost is our goal.

To learn more about linear programming visit:https://brainly.com/question/14309521

#SPJ4

Suppose a basket of goods and services has been selected to calculate the cpi and 2020 has been selected as the base year. In 2019, the basket’s cost was $80; in 2020, the basket’s cost was $86; and in 2021, the basket’s cost was $90. The value of the cpi in 2021 was?.

Answers

Data provided as per the question below:

Cost of basket in 2021 = $90

Cost of the basket in base year = $86

Below is the calculation of the CPI value

Value of the CPI = (Cost of a basket in 2019 ÷ Cost of a basket in the base year) × 100

Value of the CPI = ($90 ÷ $86) × 100 = $104

The Consumer Price Index (CPI) is an index number that can calculate the average price of goods and services that have been consumed by the public as consumers. Conducted with the aim of measuring the inflation rate within a certain period of time, as well as a consideration in adjusting salaries, wages, pension funds, and other contracts.

Inflation is a tendency to increase the value or price of goods and services continuously. When the price of goods and services increases, inflation increases. But this continuous increase in the price of goods can cause the value of the currency to fall. Rising inflation eventually triggers a decrease in the value of the currency against the value of goods and services.

CPI indicator to measure the rate of inflation. Changes in CPI are a description of the rate of increase (inflation) or the rate of decline (deflation) of goods and services within a certain period of time. It is the Central Bureau of Statistics tasked with compiling this Consumer Price Index. Data that must be processed is usually obtained from consumers, producers and others. Determining the CPI uses certain methods and formulas. Usually, the CPI is calculated based on a survey of the cost of living in an urban area and is carried out in stages.

You can learn more about Consumer Price Index here brainly.com/question/3870930

#SPJ4

Mayan company had net income of $31,570. the weighted-average common shares outstanding were 8,200. the company has no preferred stock. the company's basic earnings per share is:_____.

Answers

$3.85 is the company's basic earnings per share.

What exactly is EPS and how is it calculated?Earnings per share (EPS) is calculated by dividing a company's profit by the number of outstanding shares of common stock. The resulting number is used to determine a company's profitability. It is common for a company to report earnings per share (EPS) that have been adjusted for unusual items and potential share dilution. To calculate basic earnings per share, simply divide the previous year's total annual net income by the total number of outstanding shares. Here's an example of a basic EPS calculation: A company's net income in 2019 is $5 billion, and it has 1 billion outstanding shares.After gathering the necessary information, enter the net income, preferred dividends, and number of outstanding common shares into three adjacent cells, say B3 through B5. To subtract preferred dividends from net income, enter the formula "=B3-B4" in cell B6. To calculate the EPS ratio, enter the formula "=B6/B5" in cell B7.

To learn more about EPS refer to

https://brainly.com/question/26199974

#SPJ4

During the current year, conrad enterprises acquired long-term available-for-sale debt securities on november 1 at $100,400 cost

Answers

The Journal Entry of this is- Debt Unrealised Loss-Equity- $3000; Credit Fair-Value Adjustment- Available for Sale- $3000

What is Journal Entry?

Business Deals are events that have a financial impact on the fiscal statements of an association. When Business deals are events that have a fiscal impact on the financial statements of an association. When accounting for these deals, we record numbers in two accounts, where the disbenefit column is on the left and the credit column is on the right. utmost constantly, an entry refers to a word, expression, number, or other information that you might enter into a spreadsheet or database. Although what you enter in one field may be further than one word or number, it’s considered awholeentry.In general, do not use journal entries to record common transactions, similar as customer billings or supplier invoices. These transactions are handled through specialized software modules that present a standard on- line form to be filled out.

Learn more about accounts here:

https://brainly.com/question/22917325

#SPJ4

The question was incomplete. Check below the full question.

During the current year, conrad enterprises acquired long-term available-for-sale debt securities on November 1 at $90000. At this December 31 end, these securities had a fair-value of $87,500.  This is the first and the only time the company had purchased such securities. The journal entry to record such necessary fair value adjustment to these available-for-sale securities on December 31 is.

Employers prefer to hire college graduates who have? not yet worked in the field taken specific elective courses work experience

Answers

Employers are looking for a combination of technical skills, such as the ability to create databases, calculate coordinates, or write reports, as well as "soft" skills, like teamwork, communication, leadership, and business acumen.

Business leadership is the ability of an organization's management to set and achieve challenging goals, act swiftly and decisively when necessary, outperform the competition, and motivate others to perform to the best of their abilities.

Regardless of your position in the organisation, you can develop your leadership skills at any level. They are crucial traits to possess because a good leader can inspire his or her team to work together toward a common objective by bringing out the best qualities in each member.

Learn more about leadership here

https://brainly.com/question/1232764

#SPJ4

According to derek johnson, who was interviewed in joel holland's (2010) entrepreneur magazine article, where (when) is the best place to start a business?

Answers

According to Derek Johnson, the best place to start a business is in college. He said so because college is a place where there is more time and resources to do research and also can test business concepts.

Businesses assist society first via the distribution of goods and offerings that are critical for survival. Moreover, they devise employment possibilities that help individuals inside the society earn earnings to find the money for their wishes.

A business case describes the purpose, or cause, that a corporation was to start with the base. It describes what makes a commercial enterprise-specific, in addition to what the commercial enterprise plans to do. A commercial enterprise cause isn't a project or value statement and is a great deal shorter than each.

One of the pinnacle business keys to success is taking calculated risks. dangers are an element and parcel of jogging a commercial enterprise. They let you make the right decision and end up a better entrepreneur who can take their commercial enterprise to the following degree

Learn more about business here https://brainly.com/question/26106218

#SPJ4

How can using personal financial planning tools help you improve your financial situation? Describe changes you can make in at least three areas.

Answers

If you're looking for ways to improve your financial situation, using a personal financial planning tool is a good place to start. These tools  help you track your spending and saving habits, create budgets, and plan for the future. By using these tools, you can  better understand your financial situation and make informed decisions about your money. Managing your finances helps you meet your financial goals and improve your financial stability

What is financial health?

Financial health is a term used to describe the state of a person's money problems. Financial health has many dimensions, including  how much you save, how much you save for retirement, and how much of your income you spend on fixed or nondiscretionary spending. Financial experts have developed rough guidelines for each indicator of financial health, but everyone's situation is different. For this reason,  spend time developing your own financial plan to ensure  you are on track to meet your goals and to avoid exposing yourself to undue financial risk should the unexpected occur. That is beneficial.

To learn more about financial health

https://brainly.com/question/25652952

#SPJ4

___________ is an attribute of jquery mobile that specifies if an icon will appear smaller on mobile devices.

Answers

Data-inline is an attribute of jquery mobile that specifies if an icon will appear smaller on mobile devices.

Data-inline attribute can be used for ordering multiple buttons side-by-side on the same line.  

The role of jQuery mobile is that. a page in jQuery Mobile consists of an element with a data-role="page" attribute. Within the "page" container, any valid HTML markup can be used, but for typical pages in jQuery Mobile, the immediate children of a "page" are divs with data-role="header" , class="ui-content" , and data-role="footer" .

An icon in jQuery mobile app can be used in widgets where you set the icon with a data-icon attribute you use the name of the icon as value. For example: data-icon="arrow-r" . To add an icon to link buttons and button elements, use the name prefixed with ui-icon- as class

https://brainly.com/question/28564859

#SPJ4

Presenting the results of your analysis--data visualization--is an important part of analytics.

Answers

As a crucial step in facts analytics, data visualization gives agencies vital insights into untapped facts and messages that could in any other case be lost. the days of scouring via hundreds of rows of spreadsheets are over, as now we've a visible summary of statistics to discover developments and styles.

Visualization helps you to recognise enormous amounts of records at a glance and in a better way. It facilitates to recognize the facts better to measure its effect on the commercial enterprise and communicates the perception visually to internal and outside audiences.

Information visualization (or 'information viz') is one of the maximum important factors of statistics analytics. Mapping uncooked statistics the use of graphical elements is splendid for helping pattern-recognizing and it's useful for sharing findings in an easily digestible.

Learn more about visualization here: https://brainly.com/question/19742228

#SPJ4

The value of any asset is the present value of the cash flows the asset is expected to provide. The cash flows a business is able to provide to its investors is its free cash flow. This is the reason that fcf is so important in finance. True or false?.

Answers

This is true that The value of any asset is the present value of the cash flows the asset is expected to provide. The cash flows a business is able to provide to its investors is its free cash flow. This is the reason that FCF is so important in finance.

The phrase "cash flow" is typically used to represent payments that are projected to happen in the future, are thus unknown, and so need to be forecast using cash flows; a cash flow in its restricted sense is a payment (in a currency), especially from one central bank account to another; Operating activities, investment activities, and financing activities make up the three categories of cash flows. Cash-related net income activities are included in operating activities.

The quantity of money coming into and going out of your business over a specific time period is known as cash flow. Because it allows you to both satisfy your current financial responsibilities and make plans for the future, cash flow is crucial.

To know more about cash flow refer to:  https://brainly.com/question/15046681

#SPJ4

What is the industry named in the u.s. constitution as deserving special protection?

Answers

The Press is the industry named in the u.s. constitution as deserving special protection.

What is the first Amendment protection of the press?

First Amendment protection of the press covers only the news media and doesn't include the entertainment field.

The First Amendment by the congress: There shall be no law that respects the establishment of religion, the freedom of speech and the pres where the people can peacefully assemble and petition the government for redressing grievances.

It assures the freedom of speech and expression by prohibiting the restrictions made by the congress in having the rights of press and individuals to speak freely.

Individuals can petition their government and can assemble peacefully.

To learn more about first Amendment protection of the press, refer

https://brainly.com/question/14230152

#SPJ4

If the previous year you reached 100ustomer awareness in your company, this year what will you need to do to maintain this level?

Answers

me and your mom are having a kid me and your mom are having a kidme and your mom are having a kidme and your mom are having a kidme and your mom are having a kidme and your mom are having a kidme and your mom are having a kidme and your mom are having a kidme and your mom are having a kidme and your mom are having a kidme and your mom are having a kidme and your mom are having a kidme and your mom are having a kid

Scott+stratton+recently+purchased+a+car+for+$22,500.+it+will+depreciate+at+a+rate+of+7%+per+year.+what+will+his+car+be+worth+in+5+years+when+it+is+paid+off?

Answers

The cost of the car after 5 years from then, will be $15652.99.

Given here, the depreciation every year(r) 7%  or 0.07per year, asset cost (of the car) is $22,500 and time period (n) is 5 years.

The value after 5 years can be calculated as,

Depreciated value = asset cost ×(1-r) n

= 22500 × (1-0.07) 5

= 15652.99$.

Thus, the car worths 15652.99$ after 5 years.

The worth of an asset after its useful life is expired, as it is diminished over time by depreciation, is its depreciated cost. The asset’s worth is continuously diminished by figuring out how much it will cost to depreciate it, but the depreciated cost technique always permits accounting records to represent an item at its current value.

Depreciation is an accounting technique for spreading out the expense of a tangible item over the course of its useful life.

To learn more about Depreciation, refer this link.

https://brainly.com/question/24218291

#SPJ4

Your company's new physical server has two processors, each with four cores, for a total of eight cores. how many windows server 2016 licenses need to be purchased for your eight-core server?

Answers

Your company's new physical server has two processors, each with four cores, for a total of eight cores.

The windows server 2016 licenses need to be purchased for your eight-core server in the quantity: Eight 2 crore license packs for a total of 16 crore licenses.

What is a license?

License means to grant someone the official person that they can have or do something. It is issued by the respective authorities for various purposes.

The types of license include driving license, permit to open a liquor shop, etc.

It is the official document claiming the right to possess or do something.

To learn more about license, refer to:

brainly.com/question/15829119

#SPJ4

What is the relationship between the number of kanban cards in a process and the inventory level?

Answers

There can be never more inventory in the process than what was authorized via kanban cards is considered as the relationship between the number of kanban cards in a process and the inventory level.

A goal that determines the kanban system is to limit the buildup of excess inventory at any point which may occur in production. There are a number of limits which is on the number of items as it is waiting at supply points which are established and are reduced as inefficiencies so that they are identified and removed. Whenever a particular limit is exceeded, this makes turns into an inefficiency that should be correctly addressed.

If we take the example of a non-bottleneck worker who is currently having an idle time of 20 seconds per unit. It is because of the large demand as the company improves this process by adding more capacity to the particular bottleneck which depicts the relationship between the number of kanban cards in a process and the inventory level.

Learn to know more about using kanban cards on

https://brainly.com/question/24124547

#SPJ4

Products related in such a way that an increase in the price of one reduces the demand for the other.

Answers

Products are related in such a way that an increase in the price of one reduces the demand for the other is complements.

A complement exact is a product or service that gives a fee to every other product or service. In different words, they are two matters that the purchaser utilizes along with one another. Cereal and milk, for instance, or a DVD and a DVD player.

An excellent that is produced together with any other top. as an example, straw is a complement in the production of wheat. The delivery of a terrific will increase if the rate of one in all its complements in production rises. The supply of a good decrease if the price of one in every one of its complements in production falls.

A complement method may be defined as any organizing pastime which recruits outside elements to lessen cognitive loads. The external elements can be our arms or fingers, pencil, and paper, movable icons, counters, measuring devices, or different entities in our instant surroundings.

Learn more about complement here https://brainly.com/question/28420400

#SPJ4

Question content areairma, widowed in 2020, pays all costs related to the home in which she and her unmarried son live. her son does not qualify as her dependent. what is her filing status for 2021?

Answers

Status of  Areairma, widowed for 2021 is single.

The introduction of common pay and conditions for former manual labourers and officers is known as single status. As part of a nationwide agreement between employers and trade unions, all local governments must take this action. Being SINGLE is much preferable to being in a failed relationship. Not because I don't pray for love, but rather because I don't play with love, is why I'm single. You should stop fooling yourself and change your relationship status to "SINGLE" if it says "it's complicated." Unless you have a dependent, you are not legally obligated to anyone as a single person. If you have never been married, were married but divorced, or have lost your spouse, you may be regarded as single.

Learn more about single here

https://brainly.com/question/26252171

#SPJ4

Information flows between the components of a computer over wires on the motherboard called data buses.
true/ false

Answers

Information flows between the components of a computer over wires on the motherboard called data buses.------true

What is data bus with example?

A data bus can operate as a parallel or serial bus depending on how the data is carried. A parallel bus is employed in more complex connections that must carry more than one bit at a time. Common examples include Peripheral Component Interconnect (PCI) Express and little Computer System Interface (SCSI) connections

What do data buses do?

A databus may be a data-centric software framework for distributing and managing real-time data in intelligent distributed systems. It allows applications and devices to figure together as one, integrated system. The databus simplifies application and integration logic with a strong data-centric paradigm.

Learn more about data buses:

brainly.com/question/14244370

#SPJ4

To determine the ________, a manager must determine what is relevant or important to resolving a problem.

Answers

To determine the decision criteria a manager must determine what is relevant or important to resolving a problem.

what is decision criteria?

Decision criteria are the principles, values, rules, factors, and conditions that an organization or group employments to choose an alternative or make a choice. These criteria direct groups in selecting a course of activity among a few choices. They make strides the quality, rationality, and fairness of the team's decisions.

The purpose of establishing criteria is to back a structured decision-making process and guarantee that choices made and options selected bolster the required results and activities, as well as the Core Values.

To learn more about Decision criteria, visit:

https://brainly.com/question/15878442

#SPJ4

What types of assets should be purchased to support new projects and generate future cash flows?

Answers

Capital budgeting should be purchased to support new projects and generate future cash flows.

What is Capital budgeting?

A financial management method called capital budgeting commonly referred to as an investment appraisal may make sure the project is adding the anticipated value and continuing to track its progress.

It assesses how long it will take for a project's cash flow to recover the initial capital outlay, as well as numerous other criteria including a risk assessment.

When evaluating the worth of projects or investments that call for a significant capital outlay to decide whether they are worthwhile, capital budgeting is a crucial financial management tool.

To learn more about Capital budgeting, refer to:

https://brainly.com/question/23719404

#SPJ4

Benjamin tells james at a company meeting that james has an unimportant job and still can’t do it correctly. benjamin is being ______. a. communicative b. intrepid c. arrogant d. humorous

Answers

Benjamin is being arrogant as he tells James at a company meeting that his job is unimportant and he still cannot do it.

An arrogant person tries to pull others down and passes comments which might hurt the feelings of others.

An arrogant person is usually egoistic and considers himself superior to others. He thinks that whatever any other person does is not worthy.

In the case above, Benjamin is trying to pull James down by arrogantly speaking about him in front of others at a meeting. This shows that Benjamin is being arrogant. Hence, the correct option is c. arrogant.

Other options, such as communicative, are not correct as communicative nature results in a conversation between people and does not degrade another person.

To learn more about arrogant, click here:

https://brainly.com/question/8048085

#SPJ4

Determine the population in 10 years if the city has a population of 25,010. The growth rate is predicted at 3%.
ASAP

Answers

If the population of the city is 25,010 and the growth rate is predicted to be 3% then the population can be 33759.96 in 10 years.

The curve of an exponential function is produced by an exponential growth pattern of data, which shows increasing rises over time.

Think about a population of mice that grows by a factor of two each year, from 2 in the first year to 4 in the second, 8 in the third, 16 in the fourth, and so on. In this illustration, the population growth is a factor of 2.

Another way to phrase it is that the population's rate of growth and the number of years needed to double in size are both constants. The population will be rising exponentially if it doubles in the next 36 years, then doubles again in the following 36 years, and so on.

List the known and unknown variables first:

[tex]P_{0}[/tex]= 25010

p(t) = 0

r = 3%,  So 0.03 as a decimal

t = 10

Solve the problem using the known variables.

P(t) = [tex]P_{0}e^{rt}[/tex]

= [tex]25010e^{(0.03)(10)}[/tex]

= [tex]25010e^{0.3}[/tex]

= 33759.96

To learn more about exponential growth

https://brainly.com/question/11487261

#SPJ1

The common monetary policy for the euro zone is now formulated by? the european central bank. the federal reserve bank. the world bank. the bundesbank in germany.

Answers

Currently, the European Central Bank is responsible for creating the uniform monetary policy for the euro zone.

The central bank of a country uses a set of instruments called monetary policy to regulate the total amount of money in circulation, foster economic expansion, and implement measures like adjusting interest rates and altering bank reserve requirements. With a twin purpose to maximise employment and contain inflation, the Federal Reserve Bank of the United States carries out monetary policy. Adjusting bank reserve requirements and changing interest rates are examples of monetary policy strategies. Typically, monetary policy is categorised as either expansionary or contractionary. Reserve requirements, the discount rate, and open market operations are the three monetary policy tools that the Federal Reserve frequently employs.

Learn more about monetary policy  here

https://brainly.com/question/28199887

#SPJ4

Measures such as brand recall, brand linkage, and likeability of execution are examples of which part of the integrated marketing program for charmin?

Answers

Some measures such as brand recall, brand linkage, and likeability of execution are examples of the integrated marketing program known as an external program.

What is an integrated marketing program?

The program involves a strategy for delivering a sort of an unified message across all the marketing channels your brand uses. An integrated marketing program helps to provides consistency wherever customers choose to interact with a company.

So, without this integrated marketing strategy, a firm thus, risk delivering a mixed messages or communicating in a disconnected voice. Hence, the brand recall, brand linkage, and likeability of execution are examples of the integrated marketing program known as an external program.

Read more about integrated marketing

brainly.com/question/15021029

#SPJ1

When low-priced products sold in one market make their way across segments into markets where higher prices would normally prevail, this is called a:__________

Answers

When low-priced products sold in one market make their way across segments into markets where higher prices would normally prevail, this is called a: Black market phenomenon

What is black market?

The black market is any economic activity that takes place outside of government-sanctioned channels. Illegal market transactions are usually conducted "below the table", allowing participants to circumvent government price controls and taxes. Goods and services offered on the black market may be illegal, meaning that the law prohibits their sale, or they may be legal but traded to avoid taxes.

Illegal markets are also known as illicit markets, shadow markets, or underground markets.

To learn more about black market

https://brainly.com/question/20322518

#SPJ4

Matt's market is a grocery store chain in the united states. when it purchases avocados from mexico and grapes from south africa to sell in its stores, it is involved in?

Answers

it is involved in importing

The federal government placed an upper limit on human organ prices, which is called a? a. price floor. b. price support. c. price ceiling. d. none of the choices are correct.

Answers

The federal government placed an upper limit on human organ prices, which is called a price ceiling

What are the price floor and price ceiling?

A price ceiling keeps a price from rising over a certain level—the “ceiling”. A price floor keeps a cost from falling underneath a certain level—the “floor”. We can utilize the request and supply system to get it to cost ceilings. In numerous markets for products and services, demanders outnumber providers.

Rent controls, which limit how much proprietors can charge month to month for residences are a case of a price ceiling. this is an example of a price ceiling.

To learn more  about price ceiling, visit;

https://brainly.com/question/28018539

#SPJ4

The blank______ is a document filed by the defendant in a lawsuit, whereas the blank______ is filed by the plaintiff in response to a counterclaim.

Answers

The blank answer is a document filed by the defendant in a lawsuit, whereas the blank reply is filed by the plaintiff in response to a counterclaim.

The definition of lawsuit is a legal dispute between private individuals or a lawsuit in civil court. An example of a lawsuit is someone suing a company for damages done to a person who has not been repaired. legal disputes or claims brought in court;

Damage Claims are statutory damage claims. B. Claims from insurance companies after an accident. A lawsuit is a legal dispute decided in court in which one party, the plaintiff, seeks damages from the other party, the defendant.

Lawsuits are sometimes called "cases." Technically, "case" and "litigation" are the same and are distinct from "litigation" that precedes a case or litigation.

Learn more about Lawsuits https://brainly.com/question/25389760

#SPJ4

The accounting equation is assets = liabilities stockholders' equity. accounts on the right side of the equal sign in this equation are increased with:________

Answers

The account on the right side of the equals sign in this equation is added to the debit.

The financial position of any business, large or small, is based on two main components of the balance sheet: assets and liabilities. Owner's equity, or shareholder's equity, is the third part of the balance sheet.

The accounting equation is a representation of how these three important components are interrelated.

Assets represent valuable resources controlled by the company, while liabilities represent its liabilities. Both liability and shareholder equity represent how the company's assets are financed. If it is financed through debt, it will be seen as a liability, but if it is financed through the issuance of equity shares to investors, it will be seen in shareholder equity.

The accounting equation helps to assess whether the business transactions carried out by a company are accurately reflected in its books and accounts.

You can learn more about the accounting equation here brainly.com/question/14689492

#SPJ4

Other Questions
converting grams and moles 45.5mg C6H6 Write the function rule for each function reflected in the given axis. f(x)=4+x ; x -axis Sixty-one percent of employees make judgements about their co-workers based on the cleanliness of their desk. You randomly select 8 employees and ask them if they judge co-workers based on this criterion. The random variable is the number of employees who judge their co-workers by cleanliness. Which outcomes of this binomial distribution would be considered unusual? Karen is planning a graduation party for the senior class. She plans to rent a meeting room at the convention center that costs 400 . There is an additional fee of 5.50 for each person who attends the party.c. There are 285 people in Karen's class. If 2/3 of these people attend, how much will the party cost? Central planning often suffers from a coordination problem and an incentive problem.TrueFalse HELP WITH NUMBER 5 FOR 20 POINTS 5 more than one eighth of a number equals 13 A plane climbs from an altitude of 6000 ft to a cruising altitude of 39,000 ft. The plane ascends at a rate of 6600 ft/min. How long will it take to reach cruising altitude? QUESTION TWO (30 MARKS) The accountant of Richfield Pty Ltd did not provide for the depreciation on non-current assets in the current financial year. He approached you to assist her in calculating the depreciation and with the disclosure of property, plant and equipment in the financial statements for the year ended 30 June 2018. The following balances were extracted from the records of Richfield Pty Ltd on 30 June 2018 Machinery at cost R660 000Accumulated depreciation on machinery R131 250 Vehicles at cost R360 000 Accumulated depreciation on vehicles R21 600 Equipment at cost R480 000 Accumulated depreciation on equipment R70 000 Additional information.1. A manufacturing machine was purchased on 31 July 2016 at a cost of R660 000. The estimated production capacity of the machine is 180 000 units over the useful life of the machine. The estimated residual value at the end of its useful life is R30 000. During the financial year, 42 000 units (2017: 37 500 units) were manufactured by the machine. 2. Depreciation on vehicles is provided at 30% per annum on the carrying amount method. A new vehicle with a cost of R216 000 was purchased on 31 August 2017 and correctly recorded. The other vehicles were purchased on 1 January 2017. 3. Equipment with an estimated economic useful life of six years was depreciated using straight-line method. New equipment with a cost of R120 000 was purchased on 1 April 2018 and is included in the balance on 30 June 2018. The other equipment was purchased on 1 May 2016. REQUIRED: Disclose property, plant and equipment on the statement of financial position and in the notes to the financial statements of Richfield Pty Ltd on 30 What was the Radical Reconstruction plan? What did they want? Why did they want it? What did they get out of it? Write in simplest form.x = 686Due today If a person spends $15 a week on coffee (assume $750 a year), what would be the future value of that amount over 10 years if the funds were deposited in an account earning 3 percent? What are some reasons why a patient may become non-compliant? How can a medical assistant encourage a patient to continue physical Therapy and rehabilitation? When humans exhale we release water vapor (H2O) . Water can then be broken down into hydrogen and oxygen. What is the chemical equation showing this process What are some of the constraints that may affect your performance of an assignment? how do they affect your performance of an assignment? [The king] has excited domestic insurrections amongst us, and has endeavored to bring on the inhabitants of our frontiers, the merciless Indian Savages, whose known rule of warfare, is an undistinguished destruction of all ages, sexes and conditions.Which best describes the colonists' attitude toward American Indians?fearful and mistrustingsad and resignedoptimistic but waryempathetic and understanding Describe two different traits that a species may have and tell why those traits may beimportant to the survival of that species Which process would most likely result in the formation of a volcano?A central crack forms where a thin section of the earths crust breaks, and molten rock seeps out.A central crack forms where a thin section of the earths crust breaks, and molten rock seeps out.The earth's crust is broken into pieces.The earth's crust is broken into pieces.A central crack forms where a thick section of the earths inner core breaks, and molten rock seeps out.A central crack forms where a thick section of the earths inner core breaks, and molten rock seeps out.Heat and pressure act on igneous or sedimentary rock. Write the equation of the line with slope 35 that passes through point (0,3). What mass of sucrose, c12h22o11 would be needed to obtain the same freezing point when dissolved in 200 g of water as 5.00 g of kcl?