The simple circular flow model shows that workers and capital-owners offer their services to firms through the resource markets.
This is further explained below.
What are resource markets.?Generally, Sociologists and others involved in public policy often make use of the phrase "cultural change" to refer to how society evolves through time.
Because of this, society develops new cultural characteristics, patterns of behavior, and social norms, which in turn leads to the formation of new social structures.
In conclusion, The simple circular flow model illustrates how employees and owners of the capital provide their services to businesses by way of resource marketplaces.
Read more about resource markets.
https://brainly.com/question/18310262
#SPJ1
The ________ is found by first determining the index point, i = 0.5(n), where n is the number of data points.
Finding the index point, I = 0.5(n), where n is the total number of data points, is the first step in calculating the median.
The middle value in a sorted, ascending or descending list of numbers is known as the median, and it has the potential to describe data points more accurately than the average does. It represents the midpoint of the data because it is the point above and below which half (50%) of the observed data falls. The mean (average), mode, and standard deviation are some other descriptive statistics that are frequently contrasted with the median. The middle value in a collection of numbers is known as the median. The numbers must first be sorted, or ordered, in value order from lowest to highest or highest to lowest in order to find the median value in a series of integers.
To learn more about median here
https://brainly.com/question/28060453
#SPJ4
Achieving the best possible balance among several goals when making decisions is known as ______.
Achieving the pleasant possible stability amongst numerous goals whilst making decisions is called optimizing.
A decision can be described as a path of action purposely selected from a set of options to gain organizational or managerial goals or desires. decision-making procedure is a non-stop and vital element of managing any enterprise or business activities.
A decision rule is a manual for choice making that's designed to make certain that accounting choices are regular, effective, and according to the concepts of the business. In control accounting, selection‑making may be truly described as choosing a route of action from among options. If there aren't any alternatives, then no choice is required. A foundation assumption is that the fine choice is the one that involves the maximum sales or the least amount of value.
Learn more about decision here:
brainly.com/question/27004710
#SPJ4
If you place a market buy order for 100 shares, at what price will it be filled?
The 100 share market buy order will be filled at the lowest offer price: 50.25. "Marketers must be able to convert and incorporate sales targets into market share because this will show if forecasts will be met by growing with the market or by grabbing market share from competitive.
The latter is usually always more difficult to attain. Market share is continuously monitored for changes in the competitive landscape and is usually used to the motivate strategic or tactical action." Furthermore, market share is an important indicator for assessing performance in relation to market growth because the internal sales growth.
To learn more about Market, click here.
https://brainly.com/question/13414268
#SPJ4
A+product+has+demand+during+lead+time+of+100+units,+with+a+standard+deviation+of+25+units.+what+safety+stock+provides+(approximately)+a+95%+service+level?
If service level is 95%, then it is 0.95.
Z value can be found using MS Excel's NORMSINV function.
NORMSINV = Z (Service level)
NORMSINV = Z (0.95)
Z = 1.64
A safety stock is an extra quantity of a product kept in the inventory to lower the possibility that it will run out. It serves as a buffer stock in the event that sales are higher than anticipated or the supplier is unable to supply the extra units on time.In order to calculate safety stock,
Safety stock = Z x Standard deviation.
Safety stock = 1.64 x 25.
Safety stock = 41.
Complete Question: A specific product has demand during lead time of 100 units, with a standard deviation of 25 units. What safety stock (approximately) provides a 95% service level? A) 41 B) 55 C) 133 D) 140 E) 165
To learn more about safety stock visit:https://brainly.com/question/14054595
#SPJ4
Attending an impromptu sales meeting at the office is an example of a _____. a. two minute action task b. time sensitive task c. locationally sensitive task d. multi-task job please select the best answer from the choices provided a b c d
Attending an impromptu sales meeting at the office is an example of a locationally sensitive task. Thus, option c is the answer.
In an office, various kinds of work are carried on, and each work is given a name and designation of its own.
A two-minute action refers to those actions which are done with the motive of doing away with procrastination. It involves the aim to achieve the target goal and small tasks as soon as possible. This punctuality can help in returning long-term benefits in an office.
Time-sensitive task refers to those tasks which have a strict deadline and needs to be completed within the stipulated time specified by the client. It involves work that is only available for a short period of time.
Multitasking jobs refer to those jobs which require an easy to and fro movement between different tasks. This requires people who can do numerous works at a single time.
Locationally sensitive task refers to those tasks which take place in a particular location or room within or outside the office.
To learn more about office work,
https://brainly.com/question/3376806
#SPJ4
indicate how each account normally should be categorized on a classified balance sheet. also indicate whether the account normally has a debit or credit balance.
The following are several of the accounts included in a recent balance sheet:
1. Accrued Liabilities CL Credit
2. Prepaid Rent CA Debit
3. Cash CA Debit
4. Common Stock SE Credit
5. Notes Payable NCL Credit (long-term)
6. Equipment NCA Debit
7. Retained Earnings SE Credit
8. Accounts Payable CL Credit
What is a Balance Sheet?A balance sheet is a financial statement that lists the assets, liabilities, and shareholder equity of a corporation at a certain point in time. Balance sheets serve as the foundation for calculating investor return rates and assessing a company's financial structure.
The balance sheet, or statement of financial position, is a summary of the assets and liabilities of a corporation as well as the amount of shareholder investment. To do fundamental analysis or determine financial ratios, balance sheets can be utilized alongside other significant financial accounts.
A summary of a company's financial situation at a specific point in time is provided by the balance sheet. It cannot, by itself, convey an understanding of the trends developing over a longer time frame.
To know more about Balance Sheets, visit:
https://brainly.com/question/19552006
#SPJ4
to maximize utility, a consumer with a fixed budget will purchase quantities of goods so that the ratios of the marginal utility of each good to its group of answer choices price are the greatest total utility are the greatest. price are equal price are equal to one total utility are the same
The correct answer is Price are equal.
An individual has a finite amount of money available to meet all of their needs, based on their income. The budget constraint is the maximum amount of money that customers can spend on the purchase and consumption of various product bundles, given their individual pricing.
Spending money on the item that offers the highest marginal utility per dollar of spending is the best way for consumers to optimise their overall utility for every dollar they spend.
The majority of people take a step-by-step method to select their utility-maximizing mix of options. This methodical technique is centred on examining the trade-offs of consuming more of one good and less of another, as assessed by marginal utility. This methodical approach can be compared to the maxim of "most bang for the buck."
To learn more about marginal utility refer the link:
https://brainly.com/question/15561406
#SPJ4
in terms of the number of buyers, business marketers typically deal with far (more/fewer) buyers than consumer marketers.
There are fewer but larger purchasers in business markets. Customers from businesses are more regionally concentrated. Demand from business buyers is derived from demand from final consumers.
Who are Customers ?A customer is a person or business who buys products or services from another business. Customers are important since they bring in money; without them, businesses couldn't thrive.
A customer is defined as a person who patronises a restaurant, store, or other retail establishment to purchase goods or services. Someone who visits an electronics store and buys a TV is an example of a customer.
A customer is the recipient of a good, service, product, or idea that is acquired from a seller, vendor, or supplier through a financial transaction or exchange for money or another valuable consideration
To learn more about Customers from the given link:
brainly.com/question/13472502
#SPJ4
What is the order amount? 10 what is the state? wi the subtotal is $10.00. the tax is $0.55. the total is $10.55.
What is the order amount? 10 what is the state? wi the subtotal is $10.00. the tax is $0.55. the total is $10.55.
The total is $10.00.
Whether municipal, regional, or federal, taxes are mandated payments made by individuals or businesses to the government. Government programmes like Social Security and Medicare as well as public infrastructure and services like roads and schools are funded by tax income. Taxes are borne by whoever bears the cost of the tax, whether this is the entity being taxed, such as a business, or the final users of the items produced by the firm. Taxes of all kinds, including payroll taxes, federal and state income taxes, and sales taxes, need to be taken into account from an accounting standpoint. Tax payers can manage their finances to lessen the impact of taxes by being aware of the factors that lead to a tax situation.
Learn more about tax here
https://brainly.com/question/16423331
#SPJ4
If the market price of the item rises to $7 per unit, what is the daily mrp of the fourth (4) worker?
If the market price rises to $7, the fourth worker's marginal revenue product (MRP) will be equal to 80 units multiplied by $7 a day, which comes to $140.
Therefore, the fourth employee will have a marginal revenue product (MRP) of 140 per day.
What is MRP?
The maximum retail price (MRP), which is determined by the manufacturer, is the most that can be charged for a good sold in Bangladesh and India.Retailers may, however, decide to mark down their items' prices below the MRP. MRP varies from systems that employ a suggested retail price because in those systems, the manufacturer's price is merely a guideline and not an enforceable legal requirement.In India, the MRP must be displayed on every retail item. Customers cannot be charged more than the MRP by stores. To get more customers into their businesses, certain stores may price a little less than MRP. Consumers are frequently charged unlawfully above the MRP in some remote places, tourist hotspots, and in circumstances where a product is challenging to procure.To learn more about MRP visit:https://brainly.com/question/28346825
#SPJ4
an economy has 410 people divided among the following groups: 60 have full-time jobs, 90 have one part-time job, 30 have two part-time jobs, 35 would like to work and are looking for jobs, 15 would like to work but are so discouraged they have given up looking, 80 are running their own businesses, 40 are retired, and 60 are small children.
An economy includes clients who purchase services and products, corporations who appoint clients and make items, and the authorities at numerous degrees who each purchase products, appoint labor, and levy taxes. Their collective interactions create a simplified economy.
A. Labor force = 25 + 20 +5 + 10+10 = 70
Adult population = 100 - children = 100 - 10 = 90
Labor force participation rate =Labor force / Adult population
LFPR = 70 / 90 = 77.78%
B. Unemployed = 10
Unemployment rate = (10/90)×100 = 11.11%
C. Employment through household survey =
Full-time + part-time jobs + looking for job + own business
= 25 + 20 + 5 + 10 + 10 = 70
Establishment survey the unpaid workers and the self owned business are not included in the employed. Under this survey it is not restricted by any age.
Employment = 25 + 20 + 5 = 50
Unemployed = looking for job + own business + discouraged worker + retired + small children = 10 + 10 + 10 +10 +10 = 5
Learn more about economy here:-https://brainly.com/question/1106682
#SPJ4
suppose that quantity demand rises by 10% as a result of a 15% decrease in price. the price elasticity of demand for this good is
The price elasticity of demand for this good is inelastic and equal to 0.67.
A good in economics is any item or product that is useful. A commodity is one kind of true. a good that can't be used by clients at once, consisting of a workplace building or capital gadget, can be referred to as a great because it is able to be beneficial if it's miles sold.
Examples of goods. goods are cloth objects that you can purchase. anything that you can find in a grocery store, farmer's market, shopping mall, domestic improvement save, or some other shop is good. The charges of products are in large part decided by the supply and call for an economic system.
Learn more about good here: https://brainly.com/question/25109150
#SPJ4
_____ give team members of a project an opportunity to share information, discuss common problems, and explain new techniques.
Project team members can exchange information, talk about common problems, and teach new techniques during status meetings.
One of a project team manager's primary duties is to always be aware of the status of the project.
Project status meetings so become an essential tool throughout the course of the project. Project status meetings must be planned on a regular basis because they are crucial for the project manager. A project status meeting is held to get an update on how things are doing, identify any issues, and other things. In order to be ready to respond to some important issues, it is crucial that team members prepare themselves ahead of time and gather specific facts before the meeting.
To learn more about Project status meetings here
https://brainly.com/question/17226434
#SPJ4
Revenue is recorded when services are performed, whereas deferred revenue is recorded when cash is received from customers in advance before services are performed. True or false
Revenue is recorded when services are performed, whereas deferred revenue is recorded when cash is received from customers in advance before services are performed.
The answer is True.
Like deferred revenues, deferred costs aren't pronounced on the income declaration. As a substitute, they're recorded as an asset at the balance sheet until the expenses are incurred. as the expenses are incurred the asset is decreased and the cost is recorded on the profits statement.
You could nonetheless record deferred sales as a liability on the balance sheet even if you have not yet received the cash. However, this does impact the cash waft announcement because there's no cash influx to report.
Deferred revenue may be recorded at the cash waft declaration, mentioned as deferred revenue. Even when you have no longer earned it yet, it is nevertheless cash that can be spent.
Learn more about revenue here: https://brainly.com/question/25623677
#SPJ4
Frederick w. taylor made his greatest contribution to the new industrial system as ______.
The Contributions by Frederick Taylor Were fundamental to the development of the industry in the early twentieth century. For this reason, this American engineer is considered as the father of the Scientific Administration and the first Industrial Engineer in history.
Frederick W. Taylor, in full Frederick Winslow Taylor, (born March 20, 1856, Philadelphia, Pennsylvania, U.S.—died March 21, 1915, Philadelphia), American inventor and engineer who is known as the father of scientific management. His system of industrial management, known as Taylorism, greatly influenced the development of industrial engineering and production management throughout the world.
Frederick W. Taylor was an attorney's son. In 1872, he enrolled in New Hampshire's Phillips Exeter Academy, where he excelled academically and led his class. He was compelled to give up his ambitions for matriculation because his eyesight had gotten worse from studying at night after clearing the entrance exam for Harvard University. In 1875, after regaining his sight, he was apprenticed to a patternmaker and a machinist at the Philadelphia-based Enterprise Hydraulic Works.
Learn more about Frederick W. Taylor here
https://brainly.com/question/461247
#SPJ4
what is the efficient markets hypothesis (emh), and what are its three forms? what evidence supports the emh? what evidence casts doubt on the emh
The Efficient Markets Hypothesis (EMH) states that stocks are listed and traded at fair value on stock exchanges, allowing for the purchase and selling of those shares at prices below and above the market price.
These are its three forms:
first, weak form The Efficient Markets Hypothesis states that a stock's price and rate of return are unaffected by its price and rate of return in the past, and that the rate of return in the past has no bearing on future returns mildly robust shape .The Efficient Markets Hypothesis states that it is pointless to predict stock price or return using publicly accessible information (such as financial statements).Future prices and interest rates are predicted by the Strong Equilibrium Markets Hypothesis Stock price return predictions based on both unpublished and disclosed information is ineffective. According to the efficient markets hypothesis (EMH), there is no room for investment to produce extra returns because everything is already fairly and accurately priced. This means that your chances of exceeding the market are slim, but passive index investing can still help you generate returns that are comparable to those of the market.To learn more about Efficient Markets Hypothesis visit:https://brainly.com/question/14311423
#SPJ4
You sold a futures contract on corn at a futures price of 331, and at the time of expiration, the price was 343. what was your profit or loss?
If we sold a futures contract on corn at a futures price of 331, and at the time of expiration, the price was 343. The loss incurred will be -$600
What is a contract?In essence, an agreement with legal enforceability is said to be a contract. The term "contract" is defined as a binding agreement between two or more parties. It establishes and clarifies the responsibilities and obligations of all parties.
An agreement that is legally enforceable qualifies as a valid contract.
A contract that is no longer upholdable in a court of law is deemed to be void.
A contract is said to be voidable if one of the parties has the option to opt-out of carrying out their obligation under it. When a party's consent is not voluntary, the contract may be dissolved at the displeased party's discretion.
Thus, the contract must satisfy the given two conditions.
For more information on the contract, refer to the given link:
https://brainly.com/question/2669219
#SPJ4
a(n) is an outsourcing fee model that charges a variable fee based on the volume of transactions or operations performed by the application.
A Transaction model is an outsourcing fee model that charges a variable fee based on the volume of transactions or operations performed by the application.
What is a Transaction model?A transaction model of subscriptions is set up such that a variable fee will be charged to the client based on the volume of operations they perform.
Essentially, the frequency of the usage of the application by the user will determine the fee paid. This is preferred by a lot of people because it means that they will only pay for what they use.
Find out more on subscription models at https://brainly.com/question/21406089
#SPJ1
using the rule of 70, a population growth rate of 2% annually will result in doubling a population in 35 years.
The answer is it will take 35 years for your population to double at a 2% growth rate.
Recognizing Growth Rates
The simplest application of growth rates is to show the annual percentage change in a variable. An economy's growth rate, for instance, is determined by the annual rate of change at which a country's GDP increases or decreases. To evaluate the state of an economy, one uses the rate of expansion or contraction. A country is said to be in a recession if its income drops for two consecutive quarters.
On the other hand, a nation is said to be expanding if its gross domestic product has increased for two straight quarters.
To know more about growth rate.
https://brainly.com/question/25849702
#SPJ4
In the balanced scorecard, cycle time, employee skills, and productivity are part of the ______ perspective.
In the balanced scorecard, cycle time, employee skills, and productivity are part of the customer perspective.
What is skills?
The term skills refer to the person ability and talent that comes to the master own her work. A person is an expert in a particular profession if they can readily solve difficulties and work efficiently.
The internal metrics of the firm, such as the scorecard, staff skills, productivity, and cycle time, have a bigger impact on the customer perspective. Customer satisfaction is the product of the business's internal processes.
As a result, the balanced scorecard, cycle time, employee skills, and productivity are part of the customer perspective.
Learn more about on skills, here:
https://brainly.com/question/22072038
#SPJ4
It is less important to account for factors like warranties and durability when purchasing a.
It is less important to account for factors like warranties and durability when purchasing a: C. nondurable good.
What is a product?A product can be defined as any physical object (tangible item) that is typically produced by a manufacturer so as to satisfy and meet the demands, needs or wants of every consumer (customer). Some examples of a product include the following:
CokeTelevisionMicrowave ovenPencilComputerShampooAutomobile vehicleMobile phones or SmartphonesRefrigeratorWhat is a nondurable good?A nondurable good can be defined as a type of good (product) that consumers buy often and usually with the plan to use only within a short period of time because they are perishable such as:
Disposable food productsPlastic cup and platesPaperIn conclusion, we can reasonably infer and logically deduce that warranties and durability are less important to account for when purchasing a nondurable good.
Read more on nondurable good here: https://brainly.com/question/7443499
#SPJ4
Complete Question:
It is less important to account for factors like warranties and durability when purchasing a
A. durable good
B. long-term product
C. nondurable good
D. very expensive item
The standard and poor's 100 index option contract is traded on the? a new york stock exchange b american stock exchange c chicago board options exchange d chicago mercantile exchange
The standard and poor's 100 index option contract is traded on the Chicago Board Options Exchange.
When the VIX is low, look out below!" tells us that the market is on the point of fall which implied volatility goes stock exchange to increase. When implied volatility is predicted to rise, an optimal bearish options strategy is to be delta negative.
Index options are options contracts that utilize a benchmark index, or a derivative instrument stock exchange supporting that index, as its underlying instrument. Index options are typically European style and settle in cash for the worth of the index at expiration. Investors can use numerous strategies with index options.
The simplest strategies involve buying a call or placing it on the index. to form a punt the amount stock exchange of the index growing, an investor buys a call option outright. to form the alternative game the index happening, an investor buys the put option. VIX options are cash settled.
learn more about stock exchange: https://brainly.com/question/14227507
#SPJ4
real measurements are expressed in current dollars. expressed in current dollars. expressed in percentages. expressed in percentages. expressed using today’s currency. expressed using today’s currency. expressed in constant dollars.
The answer is expressed in constant dollars.
Real measurements are represented in constant dollars. For example, nominal GDP is the market worth of all products and services produced in a country at current prices. Real GDP is the market worth of all goods and services produced in a country at a constant price.Furthermore, real measurements are adjusted for inflation, which is why real measurements are measured at constant prices.The same number is referred to as the real value once it has been adjusted for inflation. We will describe how this is done in more detail later, but for now, just know that real values are calculated using prices from a particular year, say 2015. In other words, real GDP in 2016 is calculated by multiplying the quantity of each final good and service produced in 2016 by the price in 2015. As a result, real data is frequently referred to as "constant dollars" or "2015 dollars." As a result, whenever you see a table or graph of economic statistics with the title "billions of 2015 dollars," you know you're looking at actual data.Thus this is the meaning of real measurements.
To learn more about measurements, refer: https://brainly.com/question/1446866
#SPJ4
when looking for pre-approval on a car loan you should not... look for the lowest interest rates you can find. get a loan from the car dealer directly to keep things simple. compare pre-approval offers and select the one that is best for you. select the loan that has right repayment period for you.
When looking for a pre-approval on a car loan, a person should not get a loan from the car dealer directly to keep things simple. Therefore, the option B holds true.
What is the significance of a car loan?A car loan can be referred to or considered as a loan that is taken for the purpose of purchasing a car now, and making repayments over the span of years in the future.
When someone takes a car loan directly from the car dealer, he may miss out on offers related to pre-approval car loan, and will also be having limited choices at the sacrifice of keeping things simple.
Therefore, the option B holds true and states regarding the significance of a pre-approval car loan.
Learn more about car loan here:
brainly.com/question/25916237
#SPJ4
Answer:
get a loan from the car dealer directly to keep things simple
Explanation:
if the beginning capital balance is $3,500, net income is $5,500, and the owner withdrawals $2,400, what is the ending capital balance?
With the beginning capital balance of 3500 and income of 5500 and a withdrawal of 2400 will result in ending capital balance of 6600. (3500+5500-2400=6600)
More about capital balance:
The capital account in accounting depicts the total value of a business at a particular point in time. It appears in the bottom section of the balance sheet and is referred to as founder's equity for a sole proprietorship or stakeholders' equity for a corporation. The term "balance" in bookkeeping refers to the difference between the total number of debit entries and credit entries made into an account during a certain financial period.
Learn more about capital balance here:
https://brainly.com/question/14597685
#SPJ4
which of the following is not typically a way in which businesses address ethical issues? a credo regulations a professional code of ethics corporate culture
The option that isn't a way in which businesses address ethical issues is D. corporate culture
What is corporate culture?Corporate culture is a grouping of values, assumptions, moral principles, and attitudes that define an organization and direct its operations. An organization's mission statement or vision statement can, to some extent, describe its culture.
An organization with a strong culture promotes a harmonious fusion of work, personal, and overall goals. It enables you to perceive a person as a complete and assist them in moving forward in the path they desire. Since people are an organization's greatest asset, it is crucial to invest time and effort in helping them advance.
It should be noted that ethical issues can be addressed through credo, regulations, and a professional code of ethics.
It should be noted that the corporate culture isn't used in addressing such issues.
Learn more about corporate culture on:
https://brainly.com/question/27988959
#SPJ1
a management system that focuses on maintaining lean inventories while producing products as needed by the customer.
ERP software has become a crucial requirement for enterprises implementing or aiming for TQM.
Enterprise resource planning (ERP) Total quality management (TQM)
ERP, or enterprise resource planning, and TQM, or total quality management, both aim to improve productivity, boost competitiveness, reduce waste, eliminate effort duplication, and other related objectives. When utilized alongside TQM, ERP systems will aid in reaching these objectives.
Here, ERP serves as a facilitator for the TQM beliefs and principles. TQM deployment also has benefits for ERP. ERP systems perform better when TQM is applied effectively. TQM offers opportunity for ongoing development and problem-solving for all ERP systems. Utilizing TQM effectively enables businesses to get the most out of their pricey assets.
To learn more about ERP from the given link.
https://brainly.com/question/14635097
#SPJ4
consider the following statements and indicate if each of the statements is normally true or false for wach type of business
The following question has to do with the various exposures to liability of the different types of corporate entities.
What is Corporate Entity?A corporate entity is a business structure formed specifically to carry out activities such as operating a business or holding assets. A corporation is a legal entity in and of itself, even if it is made up of individual directors, officers, and shareholders.
What is limit of liability?A restriction of liability clause is a contract term that restricts a company's risk in the event that a lawsuit is filed or another claim is made. A limitation of liability clause, if deemed to be enforceable, might "cap" the amount of possible damages to which a firm is exposed.
Learn more about Limit of Liability:
https://brainly.com/question/27015627
#SPJ4
Full Question:
See the attached image.
which one of the following statements about difficulties of cost estimation is true? a. linear relationships between total costs and activity levels may exist b. inflation c. data may not be based on normal operating conditions d. none
the answer for the given question is option c.
The fact that the data may not be based on normal operating conditions complicates cost estimation.
What exactly is cost estimation?
Cost estimation entails making a rough prediction about future costs.
In this question, we must identify the statement that causes problems with cost estimation. The (c) in the given statement makes cost estimation difficult. Because it is necessary to have data based on normal operating conditions in order to estimate costs.
Option (a) is incorrect because it makes cost estimation difficult.
Option (b) is incorrect because it makes cost estimation difficult.
Option (d) is incorrect because it makes cost estimation difficult.
Therefore, the correct answer to this question is option (c)
To learn more about cost check here-
brainly.com/question/14811739
#SPJ4
laand, originally purchased for $27,358, is sold for $77,125 in cash. what is the effect of the sale on the accounting equation?
The effect of the sale on the accounting equation is that assets increase $49767; owner's equity increases $$49767.
How to illustrate the information?The relationship between an entity's assets, liabilities, and owner's equity is represented by the basic accounting equation, often known as the balance sheet equation. It serves as the system's cornerstone for double-entry bookkeeping. The total debits for each transaction equal the total credit.
In this case, the firm originally purchased for $27,358, is sold for $77,125 in cash.
The effect of the sale on accounting equation = ($77125 - $27358)
= $49767
Therefore, assets increase $49767; owner's equity increases $$49767.
Learn more about account on:
https://brainly.com/question/24401217
#SPJ4