In a competitive market, when the market demand is qd = 400 - 5p and the market supply is qs = 10p - 80, a price ceiling of $32 will result in neither a shortage nor a surplus.
A price ceiling is the established upper limit on what a seller is entitled to charge for a product or service. When essentials like food and electricity become unaffordable for the average consumer, price caps are frequently enforced. Usually, price caps are established by law.
A price cap is essentially a type of pricing control. Price limitations can be helpful in temporarily lowering the cost of needs. The long-term benefit of such ceilings is a matter of contention among economists.
Learn more about price ceiling here:
https://brainly.com/question/28018539
#SPJ4
Suppose that technological advancements stimulate $4 billion in additional investment spending. if the mpc = 0.8, how much will the change in investment increase aggregate demand?
$50 Billion the change in investment increase aggregate demand.
Multiplier = (1/1-mpc) investment
Multiplier = (1/1-0.6) 20B
Multiplier = (1/0.4) 20B
Multiplier = (2.5) 20B
Multiplier = 50B
Aggregate demand can be affected by several important economic factors. Rising or falling interest rates affect consumer and business decisions. An increase in household wealth increases aggregate demand, while a decrease usually leads to a decrease in aggregate demand. Consumer expectations of future inflation are also positively correlated with aggregate demand. Finally, a decrease (or increase) in the value of the home currency makes foreign goods more expensive (or cheaper) and domestically manufactured goods cheaper (or more expensive), increasing aggregate demand ( or decrease).
Learn more about aggregate demand at
https://brainly.com/question/1490249
#SPJ4
clara meets her client jonathon for a business presentation at a café suggested by him. as soon as their meeting begins, the café gets very crowded and noisy. they are unable to concentrate on their discussion. which of the following should clara do to prevent a communication breakdown with her client?
Clara meets her purchaser Jonathon for a enterprise presentation at a restaurant cautioned through him. as quickly as their meeting starts the cafe gets very crowded and noisy. they're not able to concentrate on their discussion. which of the subsequent must Clara do to save you a communication breakdown along with her patron advise that they flow to a quieter place.
The final degree of the selling technique is compliance with-up. After Clara have got correctly made a sale it's critical to keep music of the patron's adventure. Following up is an vital step in ensuring consumer delight, retaining clients, or even supporting we find new clients within the destiny.
The speakme-listening differential can be used to expect the communication of moments of silence in order to probably arise within the earnings presentation. Many clients have a picture of salespeople as loud, speedy-speakme people, which can be preferred active listening characteristics of salespeople.
Learn more about Clara here:-https://brainly.com/question/23905025
#SPJ4
when an auditor reviews additions to the equipment (fixed asset) account to make sure that fixed assets are not overstated, she wants to obtain evidence as to management’s assertion regarding:
when an auditor reviews additions to the equipment (fixed asset) account to make sure that fixed assets are not overstated, she wants to obtain evidence as to management’s assertion regarding existence.
The goal of an independent auditor's financial "review" is to examine the nonprofit's financial statements and determine whether they are consistent with generally accepted accounting principles.
The goal of an independent auditor's financial "review" is to examine the nonprofit's financial statements and determine whether they are consistent with generally accepted accounting principles. The goal of an independent auditor's financial "review" is to examine the nonprofit's financial statements and determine whether they are consistent with generally accepted accounting principles. The goal of an independent auditor's financial "review" is to examine the nonprofit's financial statements and determine whether they are consistent with generally accepted accounting principles.
To know more about auditor reviews from the link:
brainly.com/question/17322646
#SPJ4
the education level of a consumer is a(n) variable that can be used to identify consumer markets.
The education level of a consumer is a(n) demographic variable that can be used to identify consumer markets.
A customer is someone or a set who intends to order, orders, or uses bought goods, products, or offerings often for non-public, social, own family, family and similar wishes, now not without delay associated with entrepreneurial or business sports.
Dwelling matters that need to hunt, collect and consume their meals are referred to as clients. consumers must consume to advantage power or they'll die. There are 4 varieties of purchasers: omnivores, carnivores, herbivores and decomposers.
A person or thing that consumes; specif., someone who buys items or offerings for private needs and no longer for resale. The definition of a client is someone that buys items and offerings. An example of client is a person who purchases a new tv.
Learn more about consumer here:https://brainly.com/question/380037
#SPJ4
the process behind the production of "account inc.," a suite of business accounting and inventory software, is protected by
The process behind the production of "account inc.," a suite of business accounting and inventory software, is protected by trade secrets law.
Trade secrets law are a type of intellectual property that includes formulas, practises, processes, designs, instruments, patterns, or information compilations that have inherent economic value because they are not widely known or readily ascertainable by others, and the owner takes reasonable precautions to keep them secret. A trade secret is protected under intellectual property law. Trade secrets are intellectual property (IP) rights on sensitive information that can be sold or licenced. In general, to qualify as a trade secret, the data must: be subject to reasonable procedures taken by the legitimate holder of the knowledge to keep it secret, including the use of confidentiality agreements for business.
Learn More about trade Secrets here:
brainly.com/question/14898192
#SPJ4
many firms attempt to integrate (a) into their processes as it encourages the organization to make a positive impact on consumers, employees, and the environment.
Many firms attempt to integrate a Corporate Social Responsibility (CSR) into their processes as it encourages the organization to make a positive impact on consumers, employees, and the environment.
Corporate Social Responsibility (CSR) refers to the part of business activity that ensures that it functions in a socially accountable manner. This ensures that firms protect the interests of stakeholders as well as the public, and has positive impact on customer, employees, and environment.
A CSR regime encourages companies to be aware of their impacts on all dimensions of life - social, economic, environmental, and so on. Governments usually enact CSR legislations that require companies to integrate CSR in their processes by using a certain percentage of their profits for philanthropic activities.
To learn more about Corporate Social Responsibility (CSR): brainly.com/question/13528806
#SPJ4
departments, or offices, within an organization that reach across the dividing line that separates the company from groups and people in society are:
Departments, or offices, within an organization that reach across the dividing line that separates the company from groups and people in society are: boundary-spanning departments.
The term Department can refer to a number of various things. as an instance, an administrative department inside a state, a governmental ministry or even part of an organization. on this specific definition, we consult with the term 'department' because it's used to refer to separate divisions of an corporation.
A department is commonly understood as a part of a larger agency. The term 'department' might also cowl a huge variety of meanings, from e.g. a geographical or administrative department inside a rustic, to a governmental ministry or part of an organization, consisting of a college.
Learn more about Departments here:- https://brainly.com/question/25823018
#SPJ4
Before the adjusting entry for a deferral of an expense, the expenses will be _____ and the assets will be _____.
Before the adjusting entry for a deferral of an expense, the expenses will be Understated and the assets will be overstated.
Belongings can be overstated because of incorrect valuations or value determinations at the give-up of the 12 months. The overstatement of contemporary property may also involve growing the value of inventories or exchange receivables.
If a business enterprise overstates property or understates liabilities it'll bring about overstated net earnings, which contains over to the stability sheet as retained profits and therefore inflates shareholders' fairness.
If an account or a figure on an account is overstated, the amount that is stated on the financial announcement is greater than it ought to be. Auditors will be asking the company's administrators to provide an explanation for why non-cutting-edge property inside the money owed has been overstated and is no longer stated at their recoverable quantity.
Learn more about deferral here:-https://brainly.com/question/6646339
#SPJ4
Raj’s mom specifically asked for a cip cast iron pan for her birthday. as raj scanned the stock in two department stores, he found four different brands, none of which was cip. when he found cip in a kitchen specialty shop, he was challenged to tell the difference between his mom’s choice and the others. he was reminded of his business class, in which he learned about ______________ competition, where many sellers may be offering very similar products. through various means, each seller differentiates his product from the competition.
Raja's mother requested a beautiful cast iron pan specifically for her birthday. Raj looked through the goods at two department stores and discovered four different brands, but not chip monopolistic competition.
He struggled to distinguish his mother's pick from the others when he came across Cip in a kitchen specialty store. He was reminded of the monopolistic competition he had studied in business class, where numerous vendors might provide remarkably comparable goods. Each vendor sets his goods apart from the competitors through a variety of strategies.
Monopolistic competition arises when numerous businesses provide rival goods or services that are comparable but imperfect replacements.
Entry barriers are low in monopolistic competitive industries, and decisions made by one firm do not directly affect those of its rivals. Pricing and marketing choices are how the rival companies set themselves apart.
Between perfect and monopolistic competition, known as monopolistic competition, there is monopolistic competition, which incorporates aspects of both and entails businesses with similar but distinct product offerings.
Examples of industries with monopolistic competition include dining establishments, hair salons, home goods, and apparel. Many rival historical cost businesses sell, advertise, and charge for goods like dish soap and hamburgers.
Learn more about monopolistic competition here
https://brainly.com/question/28189773
#SPJ4
What should you, the worker, be aware of with regard to evacuation procedures at your workplace?
(select two answers)
(a) when you get back into the building
(b) evacuation plans
(c) what to do when the emergency has passed
(d) how long the emergencies will last
With regard to evacuation what one has to be aware of would be
evacuation planshow long the emergencies will lastWhat is meant by evacuation?This is the term that is used to refer to all that would have to be done in order to get all the occupants of a building out of it due to an emergency that is occurring in the building. The need for evacuation is often due to emergency that could cause a loss of life. An example of such incidence would during a fire outbreak.
Hence we can say that With regard to evacuation what one has to be aware of would be
evacuation planshow long the emergencies will lastRead more on evacuation here: https://brainly.com/question/19601851
#SPJ1
The monthly rent on an ​50-square-meter apartment in monte​ carlo, monaco, is 1200 euros. the monthly rent on a ​500-square-foot apartment in santa​ fe, new​ mexico, is ​$1000. in terms of price per​ area, which apartment is less​ expensive?
In a situation where the monthly rent on an 50-square-meter apartment in Monte Carlo, Monaco, is 1200 euros, and the monthly rent on a 500-square-foot apartment in Santa Fe, New Mexico, is $1000, then in terms of price per area the apartment in Monte Carlo is less expensive.
What is the significance of monthly rent?A monthly rent can be referred to or considered as the amount given to owner of a property for the purpose of use and possession during a given period.
For the above situation, after using the conversion of units, the apartment in Santa Fe will be $2 per square-foot, and the apartment in Monte Carlo will have a monthly rent of $1.2 per square foot.
Therefore, the significance regarding monthly rent has been aforementioned.
Learn more about monthly rent here:
https://brainly.com/question/8918122
#SPJ4
To know about the conversion units, search for the question on Cheg
What are the three main steps in learning to effectively manage your time? choose all that apply.
Learning to manage your time well entails three basic steps:
Decide on a time slot one week in advance.Time management is the ability to use your time wisely and productively. The ability to complete what you need to accomplish without feeling rushed is another way to describe it. Some of the foundational ideas of effective time management are explained on this page.
Learn more about time management https://brainly.com/question/22988825
#SPJ4
a risk premium is a. the difference between the earnings of a low risk asset and a high risk asset b. premium paid to a security holder to compensate him for bearing a higher risk c. both a
For an individual, a risk premium is the minimum amount of money by which the expected return.
What is expected return?A known historical rate of return investment's expected return is the profit or loss an investor anticipates (RoR). It is computed by multiplying possible possibilities by the likelihood that they will occur, adding the resulting results, and then calculating the total.
What an investor can anticipate making on an investment is known as the expected return.
In order to get an expected return, potential outcomes are multiplied by the likelihood that they will occur, and the results are then added up.
Returns that are anticipated cannot be ensured.
The weighted average of the anticipated returns for all the investments in a portfolio is what is considered to be the portfolio's expected return.
To learn more about expected return from the given link:
https://brainly.com/question/16857172
#SPJ4
the assets and liabilities of a company are $88,819 and $45,074, respectively. stockholders' equity should equal
The corporation has $88,819 in assets and $45,074 in liabilities, respectively. Equity held by stockholders will be $43745.
How do you calculate stakeholder equity?Equity held by shareholders refers to the sum that a company's founders have contributed to the enterprise. This covers the funds they have directly invested as well as the total amount of profits the business has generated and reinvested since its establishment.
Any investment made by the business's owner counts as equity, as do the total assets less the total liabilities. To give just a few examples, consider common stock, additional paid-in capital, preferred stock, retained earnings, and total other comprehensive income.
The overall liabilities of a company are subtracted from the total assets to determine the stockholders' equity.It is the number of assets still in their possession after all liabilities have been settled. Common stock, paid-in capital, retained earnings, and treasury stock are all examples of stockholders' equity.We have: 88819 - 45074 = 43745
Consequently, the equity of the investors will be $43745.
Therefore, the corporation has $88,819 in assets and $45,074 in liabilities, respectively. Equity held by stockholders will be $43745.
To learn more about stakeholder equity, refer to:
https://brainly.com/question/17403665
#SPJ4
the contemporary view of information systems is that they are often so intimately involved in an organization's value chain that they are part of the process itself. true or false?
True. The contemporary view of information systems is that they are often so intimately involved in an organization's value chain that they are part of the process itself.
An information system refers to a set of components and devices that is used to collect, transmit, process and store data. The cotemporary view is that they are too intimately involved in an organization’s value chain, so much so that they have become an integral part of its value chain.
Information systems are important in organizations because they help in the reviewing, strategizing, and decision-making processes. They include a wide range of apparatus, ranging from computers, to software, to hardware, to telecommunications, and the internet.
To learn more about information systems: brainly.com/question/13081794
#SPJ4
read through each of the following pieces of information about buyers’ debt obligations and determine which one will qualify for an fha loan based on the qualifying ratios.
Housing ratio of 31%, total debt obligations 40%
What do you understand by debt obligations?Accounts payable, obligations resulting from promissory notes, bills of exchange, and obligations emerging under bonds are all considered debt obligations; Sample 1Sample 2Sample 3.
Financial responsibilities are any unpaid debts or required payments that one party has to fulfill. You have a financial commitment, for instance, if you owe or will owe money to somebody. An responsibility to pay money or provide financial stability can take many different forms.
All debt incurred by the company or any member of the lithium group, including without limitation debt incurred in accordance with company financing arrangements, is referred to as company debt obligations.
To learn more about debt obligations ,Visit: https://brainly.com/question/17328386
#SPJ4
Describe ethernet, wireless, and dial-up modem architectures, and discuss the advandtages and dis advantages of them.
Describe ethernet, wi-fi, and dial-up modem architectures, and discuss their benefits and downsides of them: Ethernet connection provides quicker velocity, is more dependable, and is extra relaxed than WiFi.
Ethernet is a family of stressed-out pc networking technologies normally used in local vicinity networks, metropolitan region networks, and extensive area networks. It became commercially brought in 1980 and first standardized in 1983 as IEEE 802. three.
Ethernet is used to attach gadgets to a network and continues to be a popular form of network connection. For local networks utilized by unique corporations -- inclusive of employer offices, faculty campuses, and hospitals -- Ethernet is used for its excessive velocity, security, and reliability.
A WiFi connection is extra prone to interference from electrical devices or bodily items which could block the sign. An Ethernet connection is consequently greater dependable, as it's far insulated from interference and crosstalk and unaffected by means of the presence of physical objects.
Learn more about ethernet here: https://brainly.com/question/1637942
#SPJ4
Risk management is concerned with
a) the identification and treatment of loss exposures.
b) the management of speculative risks only.
c) the management of pure risks that are uninsurable
Risk management is concerned with the identification and treatment of loss exposures.
What is meant by risk management?This is the term that is used to refer to all of the identification of the security risks that may be associated with the earnings and the capital of an organization. This would have to do with the assessment and the controlling off al that may put the business at risk so that they would not have to end up experiencing losses.
Hence we can say that Risk management is concerned with the identification and treatment of loss exposures.
Read more on Risk management here: https://brainly.com/question/10401790
#SPJ1
Which are tactics employed by fast-acting firms to meet time pressures without sacrificing quality?
Focus on real-time tactics is often employed by fast-acting firms in order to meet time pressures without sacrificing quality. These tactics include agile development, rapid testing and deployment, short feedback loops, and quick turnaround times.
What do you mean by sacrificing quality?Quality should never be compromised, especially when it comes to personal wellbeing. One should constantly aim to produce high-quality material for their audience that is either entertaining or educational. Keep up with the most recent marketing trends while making sure that work is still relevant and fresh. One may assist maintain your audience's interest throughout by combining fascinating language with captivating graphics. Last but not least, be active on social media sites and use them to communicate with possible clients. So may make sure that your material fulfills the promises made in its title by carrying out all of these actions!To learn more about real-time, visit:
https://brainly.com/question/15051446
#SPJ4
Locus of control is based in/similar to ________.
a. reinforcement
b. self-regulation
c. expectancy
d. behavior potential
Locus of control is based in/similar to self-regulation.
The idea that fitness psychology and Locus of control go together is based on the idea that health can be attributed to three sources: inner elements (inclusive of self-determination of a healthy life-style), powerful external factors (the phrases of a medical doctor or a cherished one) or good fortune/destiny/accident.
Locus of control refers to a character's belief approximately the underlying main causes of activities in his/her lifestyle. Or, more truely: Do you trust that your destiny is managed by means of yourself or by external forces (inclusive of destiny, god, or effective others)? the whole name Rotter gave the assembly became Locus of control of.
Locus of control is nice described as. the figurative "area" taken into consideration liable for activities in someone's lif. some other vital dimension of well-being is occupational wellness, which is. The degree of happiness and achievement you gain thru your work.
Learn more about Locus of control here: https://brainly.com/question/13941750
#SPJ4
Alex bates goes on the price is right and earns $525,000 in winnings. what type of income is this?
Alex bates go on the price is right and earns $525,000 in winnings. This is c.) Another type of income.
Income is permitted to deduct from adjusted gross income. A tax credit is an amount subtracted immediately from the amount of taxes owed. most taxpayers should record quarterly payments of predicted amounts owed for taxes. a person's filing status is affected by marital fame and dependents.
Taxable profits consist of wages, salaries, bonuses, and hints, in addition to funding earnings and numerous sorts of unearned profits.
Income is cash that a person or commercial enterprise gets in alternate for imparting hard work, generating an awesome or carrier, or investing capital. individuals generally earn earnings through wages or revenue, at the same time as companies earn earnings from promoting goods or services above their fee of production.
Learn more about income here:-https://brainly.com/question/25745683
#SPJ4
Disclaimer:- your question is incomplete, please see below for the complete question.
Alex Bates goes on Jeopardy and earns $875,000 in winnings. What type of income is this?
a.) Passive Income
b.) Earned Income
c.) Other Income
d.) Investment Income
Dr. leblanc is examining interactions among primates in the wild; he does not intervene. dr. leblanc is using a research strategy termed?
Dr. Leblanc is observing interactions between primates in the wild and does not intervene. Dr. Leblanc employs a research technique known as nature observation.
Research
"Creative and systematic activity undertaken to improve the reservoir of knowledge" is what research is.It comprises collecting, organising, and analysing information with the goal of improving understanding of a topic or issue.A research project could be a continuation of earlier work on the subject. The main goals of basic research include recording, finding, analysis, and the research and development (R&D) of methods and systems for the improvement of human knowledge (as opposed to applied research). Approaches to study are based on epistemologies, which differ greatly within and between the humanities and sciences.
To learn more about Research
https://brainly.com/question/25257437
#SPJ4
Walmart's+dividend+payout+ratio+for+the+year+of+2018+enter+the+answer+in+percentage+format+to+one+decimal+place+without+the+%+sign+->+9.30+and+not+9.3%+or+.093)?
Answer:
111111111111111
Explanation:
A business established a website and now has customers order products online without visiting their store, they are responding to changes in the ________.
A business established a website and now has customers order products online without visiting their store, they are responding to changes in the technological environment.
What is business?Making a living or earning money through the production of goods or the purchase and sale of goods is known as business.
Good business describes organizations that have expanded the concept of success beyond the bottom line to encompass the influence the organization has on all constituents, their communities, and even the planet. It is also "any activity or venture entered into for profit.
In this case, a business established a website and now has customers order products online without visiting their store, they are responding to changes in the technological environment.
Learn more about business on:
https://brainly.com/question/24553900
#SPJ1
If demand decreased by 4 units at each price, what would the new equilibrium price and quantity be?
Based on demand being decreased by 4 units at each price, the new equilibrium price and quantity would be $3 and 5 units.
What is the new equilibrium?In order to find the new equilibrium , you should subtract 4 units from each entry of Quantity demanded and then find the price where Quantity demanded and Quantity supplied are equal:
Quantity demanded Price Quantity Supplied
1 7 9
2 6 8
3 5 7
4 4 6
5 3 5
6 2 4
7 1 3
From the table we see that the new equilibrium price is $3 and the new equilibrium quantity is 5 units.
Find out more on equilibrium pricing at https://brainly.com/question/22569960
#SPJ1
Financial risk refers to the extra risk borne by stockholders as a result of a firm's use of debt as compared with their risk if the firm had used no debt. true false
Financial risk is the additional risk that investors bear as a result of a company using debt as opposed to their risk if the company had not utilised debt. The given statement is True.
Investment and Risk
With every investment, there are risks. To start with, there are business hazards. Business risks are alterations in a company's profitability that result from outside factors.Some problems may be under the control of the company's managers, or they may be beyond their control. Another type of risk that frequently affects organisations with debt is financial risk.When a business uses debt to finance its capital structure, there are risks involved. This risk results from high interest rates that must be paid whether or not the business is profitable.Risk, in terms of finance, is the probability that an outcome or investment won't yield the intended outcomes or return. The possibility of losing the entire initial investment is a risk.To know more about Financial risk visit:
https://brainly.com/question/14415339
#SPJ4
Suppose the banking system currently has $300 billion in reserves, the reserve requirement is 5 percent, and excess reserves are $30 billion. what is the level of loans?
If the banking system currently has $300 billion in reserves, the reserve requirement is 5 percent, and excess reserves are $30 billion. the level of loans are $2970 billion.
An organisation or network of entities that offer financial services is known as a banking system. There are three main financial categories of banking systems: commercial, national, and investment. Credit unions are part of a banking system. The following are some of the main duties performed by banks in India: Accepting deposits, loans and advances from lenders, and money transfers. A crucial component of the entire financial system is banking and loans. By offering infrastructure, finance, and investments, the banking system influences the economy of the nation. The worldwide economies are supported by the banking and loan sector. Any nation's economic growth and development are significantly influenced by the banking system.
Learn more about the banking system here:
https://brainly.com/question/25247091
#SPJ4
If operating income is $155,000 and total revenue is $577,000, then the operating margin is __________.
If running earnings is $a hundred and fifty-five,000 and overall revenue is $577,000, then the operating margin is seventy two.20%
Revenue is the whole amount of income generated by using the sale of goods or offerings related to the agency's number one operations. sales, additionally called gross income, is frequently called the "pinnacle line" because it sits on the pinnacle of the income statement.
Your annual is the quantity of money your corporation earns from income over 12 months; it does now not consist of fees and expenses. To calculate your annual sales, you multiply the quantity of every product you bought by way of its sale rate, after which add every product's annual income to determine your gross annual sales.
The sale of goods, merchandise, or merchandise. The sale of services, which includes consulting. apartment income from industrial assets (observe the usage of “profits”) The sale of tickets to a live performance.
Learn more about revenue here:
https://brainly.com/question/16232387
#SPJ4
When a company makes an adjustment in anticipation of future uncollectible debts:______.
When a company makes an adjustment in anticipation of future uncollectible debt it debits an asset account and credits a liability account.
Accounts uncollectible are receivables, loans, or other money owed that have absolutely no danger of being paid. An account might also turn out to be uncollectible for many reasons, including the debtor's bankruptcy, an incapacity to discover the debtor, fraud on the part of the debtor, or lack of proper documentation to show that debt exists.
Uncollectible debts cost is likewise known as uncollectible accounts expense or doubtful money owed fee. bad debts cost outcomes because a company added items or offerings on credit and the patron did now not pay the amount owed.
The basic approach for calculating the share of horrific debt is pretty simple. Divide the number of Uncollectible debts through the total debts receivable for a period, and multiply by means of one hundred.
Learn more about Uncollectible debts here: https://brainly.com/question/20597051
#SPJ4
below is a list of activities for jayhawk corporation. required: select whether the transaction increases or decreases assets, liabilities, and stockholders' equity. leave blank if no effect. the first item is provided as an example.
The effects of the transactions on the assets, liabilities, and stockholders' equity of Jayhawk Corporation are as follows:
Assets Liabilities Equity
July 3 Increase No Effect Increase
July 4 No Effect Increase Decrease
July 9 No Effect No Effect No Effect
July 14 No Effect No Effect No Effect
July 18 Decrease No Effect Decrease
July 20 Decrease Decrease No Effect
July 27 NOT a relevant transaction (Luke's).
July 30 NOT an applicable transaction (Luke's).
July 31 NO Effect No Effect No Effect
What are the effects of transactions on the accounting equation?Each business transaction affects the accounting equation in one way or another.
The effect may be an increase or a decrease. Sometimes, a transaction affects only one side of the accounting equation.
For example, an asset may increase and another decreases. This shows that there is no effect on the total assets.
Transaction Analysis:July 3 Accounts Receivable (Luke's repair shop) $500 Service Revenue $500
July 4 Repair Expenses $450 Accounts Payable (Luke's repair shop) $450
July 9 Cash $500 Accounts Receivable (Luke's repair shop) $500
July 14 Notes Receivable (Luke's repair shop) $600 Cash $600
July 18 Advertising expenses $110 Cash $110
July 20 Accounts Payable (Luke's repair shop) $450 Cash $450
July 27 Luke's Service Revenue $800
July 30 Luke's Salary Expenses $300
July 31 Cash $600 Notes Receivable (Luke's repair shop) $600
Thus, no matter the transaction effects of the applicable activities on the assets, liabilities, and stockholders' equity of Jayhawk Corporation, the accounting equation remains in balance.
Learn more about transaction effects on assets, liabilities, and equity at https://brainly.com/question/14994624
#SPJ1
Question Completion:For the month of July, the following transactions occurred.
July 3 Jake provides lawn services to Luke's repair shop on account $500
July 4 of Jake's mowers malfunctions. Luke provides repair services to Jake on account $450
July 9 Luke pays $500 to Jake for lawn services provided on July 3
July 14 Luke borrows $600 from Jake by signing a note.
July 18 Jake purchases advertising in a local newspaper for the remainder of July and pays cash, 110
July 20 Jake pays $450 to Luke for services provided on July 6
July 27 Luke performs repair services for other customers for cash, $800
July 30 Luke pays employee salaries for the month, $300
July 31 Luke pays $600 to Jake for money borrowed on July 14 2.