This is because money coming into and going out of the business affects Owner's Equity.

Based on the debit and credit entries you have observed in this lesson, which of the following is true?


Expenses and Sales increase Owner's Equity
Expenses increase and Sales decrease Owner's Equity
Expenses decrease and Sales increase Owner's Equity
Expenses and Sales decrease Owner's Equity

Answers

Answer 1

It is true that the expenses decrease and Sales increase the Owner's Equity.

Basically, owner's equity refers to the amount of the business-owner's investment in an asset after total liabilities have been deducted.

Any revenue into the business increase the owner's equity through business activities .

Any expense into the business decrease the owner's equity through business operations.

Therefore, the Option C is correct because the expenses decrease and Sales increase the Owner's Equity

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Related Questions

The balance in the accumulated depreciation account represents the:

Answers

The balance in the Accumulated Depreciation account represents the amount to be deducted from the cost of the plant asset to arrive at its fair market value.

what are control accounts in accounting??​

Answers

In accounting, the controlling account is an account in the general ledger for which a corresponding subsidiary ledger has been created. The subsidiary ledger allows for tracking transactions within the controlling account in more detail.

Use the word SMART goal in a sentence:​

Answers

Answer:

He was the smartest kid in the class because he knew how to solve the hardest math problem on the worksheet.

Explanation:

What is the largest source of a income for banks

Answers

Answer:

Interest income

Explanation:

Answer:

goverment

Explanation:

they create the money from paper

woman caught on video throwing soup in face of restaurant manager after argument

Answers

Is that even a question

The most basic form of ownership in a firm consists of:

Answers

The most basic form of ownership in a firm consists of: Common Stock

The new chairman of the Ionian Central Bank (ICB) is preparing for her first board meeting. She is expected to recommend a monetary policy for the board to pursue. She decides to use the Taylor rule, which was originally developed for the U.S. Federal Reserve.

Answers

Based on the information given, the output gap of Ionia will be -4% while the inflation gap will be -1%.

This is an incomplete question, the complete question is to calculate the output gap and the inflation gap. Ionia's output gap will be:

= (Current GDP - Potential GDP) / 100

= (96 - 100) / 100

= -4%

Since the inflation is running at 2% but the chairman considers an inflation that is 3% as being reasonable,

The inflation gap will be:

= 2% - 3% = -1%

Therefore, the output and inflation gap will be -4% and -1%.

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Candice?

Bofa?

Joe?
Who are these ppl:(

Answers

Answer:im not sure

Explanation:

don’t. Search up Candace

The name Candice is used as a set up for the joke.

Rinaldo is an expat working in Singapore. As part of his compensation package, a chauffeur drives him to and from work each day. The chauffer is an example of a(n) Multiple Choice wage. allowance. bonus. perk.

Answers

The chauffeur is an example of Perk because the benefit is enjoyed because Rinaldo works for the company.

Basically, Perk is recognized as an advantage / benefit that an employees gets because of working for the company.

For instance, getting free ride, lunch, donations from staffs are all examples of perks.

Here, the Chauffeur driver does drive Rinaldo to and from work because it is part of his compensation package.

This benefit of this transportation is not part of Rinaldo's wage, allowance or bonus.

Therefore, the answer is Option D because the benefit is enjoyed because he works for the company.

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How long does a lender have to fix their net worth if they notify the FL-OFR before the shortage occurs?

Answers

According to the established standards and practices, a lender would have to use 120 days to fix their net worth if they notify the FL-OFR before the shortage occurs?

FL-OFR is an acronym for the Florida Office of Financial Regulation.

FL-OFR has three divisions which is headed by the commissioner.

FL-OFR regulates financial activities like consumer finance, financial institutions, securities, etc.

Hence, in this case, it is concluded that the correct answer is "120 days."

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1) Explain in brief the creations of controlled environment for off season vegetable farming.
2)Introduce off-season vegetable farming with its technique & advantages.​

Answers

Answer:

1.the off season vegetable production can be obtained by different ways such as taking use of and utilise various agro climatic condition improve writing choosen adjustment of planting time making plastic tunnels polythene house and permanent glass house to provide control environmental conditions.

2the of seasonal vegetable are those vegetable which can be grown in rainy season using technology The main advantage of off season vegetable is that ensure food security for example tomato can be grown every time using a tunnel of greenhouse technology are genetically modified seed.

A salesperson lacking goals will drift around their territory, wasting time and energy. Group startsTrue or False

Answers

The answer here is TRUE. A salesperson that is lacking goals is no longer a need in an organization.

If customer satisfaction does not always lead to customer loyalty, firms may need to focus additional effort on _____ strategies..

Answers

The firms may need to focus additional effort on retention strategies.

Retention strategies are means employed by firms to retain their customers both new and existing, over some specified period.

Where a company has high customer retention, it means customers would continue to patronize the company's products and not not defect to another product or business.

Customer retention process starts with the first point of contact in an organization and spread through the whole duration of the customer's relationship with the organization.

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What is the marketing objective for the introduction stage of the product life cycle?.

Answers

The marketing objective for the introduction stage of the product life cycle is to create consumer awareness and encourage the first purchase of the new product.

The product life cycle can be understood as the phases that a product goes through from its introduction on the market, until the product is withdrawn from the market.

There are four stages in the product life cycle, they are:

IntroductionGrowthMaturityDecline

Therefore, the introduction is the first stage of the product lifecycle, in this phase marketing will focus on stimulating the experimentation of the new product available for sale, through advertising and promotion.

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Zach buys most of his day-to-day household provisions from a local supermarket. During one of his visits to the store, he found it unusually crowded. He did not want to wait in the long checkout queue, so he decided to go to another store. Zach's decision is a result of a(n) _____ influence.

Answers

Zach’s decision is a result of a(n) situational influence.

Question 2 of 10
Which of the following are possible negative consequences of filing for
bankruptcy?
O A. Loss of employment
OB. Reduced and consolidated debt
O C. Increased credit score and reduction of debt
O D. Loss of property and lowered credit score

Answers

Answer:

D

Explanation:

The possible negative consequences of filing for bankruptcy is loss of property and lowered credit score. Option D is an appropriate response.

What is bankruptcy?

Through the legal process of bankruptcy, individuals or other entities that are unable to pay their creditors back can seek partial or complete relief from their debts. Bankruptcy is typically imposed by a court order that is frequently requested by the debtor. An organization files for bankruptcy when it is unable to pay its creditors or honor its financial commitments.

Bankruptcies are seen negatively by prospective lenders and are recorded as bad information on your credit report. If creditors discover a bankruptcy on your credit report, they can opt not to grant you credit or, if they do, they might do so with more expensive interest rates and unfavorable terms.

Your credit scores may suffer if you declare bankruptcy. Hence, the appropriate response is option D.

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#SPJ5

the total number of shares that a company may sell is referred to as

Answers

Answer: Authorised shares

In periods of low demand, companies can use direct marketing to target ________ customers and produce quick results.

Answers

There are different types of marketing.  In periods of low demand, companies can use direct marketing to target known customers and produce quick results.

Direct marketing is simply known to be a form of advertising that focus on targets of a person or company so as to generate new business, raise the profile of an organization or product and for sale.

This type of marketing channel are  emails, online adverts, flyers, database marketing, promotional letters, newspapers, etc.

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In the short run, if a firm produces the level of output at which marginal revenue is equal to marginal cost but price is less than average total cost, the firm will.

Answers

When the firm produces at level of output where marginal revenue equal marginal cost but the price is less than average total cost, then, the firm will continue to operate if price is greater than its average variable cost,

In practice, a perfectly competitive firms will continue to produce output until the marginal revenue equals marginal cost (MR=MC)

When the firm produces at level of output where marginal revenue equal marginal cost but the price is less than average total cost, then, the firm will continue to operate if price is greater than its average variable cost,

Therefore, the Option C is correct.

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Which of the following best describes the law of demand?.

Answers

Answer:

theres no options

Explanation:

beneficiaries are responsible for of prescription costs

Answers

Answer:

In general, beneficiaries are responsible for paying the following for a Medicare Prescription Drug Plan:  

Monthly premiums

Annual deductible

Copayments or coinsurance

A small copayment for the rest of the calendar year after they reach a certain out-of-pocket amount

Explanation:

If you invest $15,000 at 3.1% annual interest compounded monthly, how much will be in the account after 16 years

Answers

Answer:

The final balance would be $24,616.34 at the end of 16 years of monthly compounded interest

Explanation:

The total compound interest would be $9,616.34 after 16 years.

Type the correct answer in the box. Spell all words correctly. Which method of sales forecasting is this company using? A company wants industry experts as well as its junior and senior employees to complete a questionnaire. Because the company wants respondents to feel comfortable enough to answer the questions freely, it makes the questionnaire anonymous. This company is using the( blank) method of sales forecasting.​

Answers

Sorry for answering late not many people go onto this category. but the right answer would be "A Media Strategy"

terms like "can be," "as much as," and "help," are examples of

Answers

Terms like "can be," "as much as," and "help," are examples of ambiguity

hope this helped!

Calculate the total revenue if the firm produces 8 versus 7 units. Then, calculate the marginal revenue of the eighth unit produce

Answers

The total revenue at the 7th and 8th unit will be $1155 and $1280 respectively while the marginal revenue is $125.

From the complete information, the total revenue at the 7th unit will be:

= 165 × 7 = $1155

The total revenue at the 8th unit will be:

= 160 × 8 = $1280

The marginal revenue will be:

= $1280 - $1155 = $125

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A business is having trouble keeping up with the competition. They cannot
respond to their customers like the competition. Which type of system will
likely be able to help them solve this issue?
O A. Management communication system
B. Management information system
O C. Transaction processing system
D. Decision support system

Answers

Answer:a

Explanation:

Manage communication system

Common stock's par value ______. (Check all that apply.) Multiple select question. has become less meaningful because states use other means to prevent stockholders from removing capital from financially distressed companies equals the amount of cash contributed by shareholders was introduced to prevent bankrupt companies from unfairly distributing company resources affects how common stock is recorded

Answers

Considering the available options, Common stock's par value "has become less meaningful because states use other means to prevent stockholders from removing capital from financially distressed companies."

Also, Common Stock's par value "was introduced to prevent bankrupt companies from unfairly distributing company resources."

Again, Common Stock's par value "affects how common stock is recorded."

Generally, Common stock's par value is the amount or price of stock shown on the bond certificate. It is usually between $0.10 to $0.01.

Hence, in this case, it is concluded that the correct answer is options A, C, and D.

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tricia, a supervisor, told her employees, "the store will close monday for inventory and all employees are expected to participate." without knowing how tricia communicated her message, we know it was done

Answers

The type of communication is known as downward communication.

Downward communication refers to the flow of instructions, information or messages from a higher level of hierarchy to a lower level of hierarchy in an organization.

Here, the supervisors told her employees that "the store will close monday for inventory and all employees are expected to participate", thus, it is an information from top to down hierarchy.

Therefore, the type of communication is known as downward communication.

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Your friend Jomaine says a Traditional IRA or 401(k) has the best tax advantages because you don't pay any taxes now, and you can wait until you retire to pay taxes. Why might he be right?

Answers

Government often tax the income of its people. The reason why might he be right is that if an individual expect tax rates to go up or because one is starting your career and your tax bracket would be lower now than what it will be later on.

When an individual is older and in retirement, the person would want to save your money and not have to worry about any taxes.

Tax advantages simply defined as the economic bonus that applies to some accounts or investments that an individual has such as one gotten by statute, tax-reduced, tax-deferred, or tax-free.

Conclusively, An Examples of tax-advantaged accounts and investments are retirement plans, education savings accounts, medical savings accounts etc.

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Which risk is most prominent when buying an umbrella for the rainy season?

A.

social risk

B.

performance risk

C.

psychological risk

D.

financial risk

Answers

Answer:

B.

Explanation:

Due to the rainy season when considering to buy a umbrella the largest risk or concern is how well it will work or its performance.

Answer:

It is NOT C

Explanation:

I had this on a test it is not C!

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