Answer:
No Net Impact on Pumpkin's Accounting Equation from collection of cash.
Explanation:
Sales transaction has already been recorded and there is a Account receivable with $500 balance which is an asset account. On January 11 Cash has been received and the transaction was as follows:
Dr. Cash $500
Cr. Account receivable $500
Cash and Account receivable are both assets account therefore there will be no net impact on pumpkin's accounting equation one type of asset account balance is increasing the other type of asset account balance is decreasing when we post transaction.
Accounting Equation
Asset = Equity + Liability
Dr. Cash +500 0 0
Cr. Account Receivable -500 0 0
Total Impact 0 0 0
Answer:
loans for a company is when they pull out more money than they have then using it and it has to be repaid
Explanation:
Answer:
3) determined credit evaluation criteria
Explanation:
National Bank has participated in several credit activities. Specifically, it has determined credit evaluation criteria
Answer:
Correct option is (e)
Explanation:
Satisficing model is a decision making model that aims at selecting a satisfactory outcome or product by going through available options rather than aiming for the best or optimal outcome. To obtain optimal outcome, one needs to put in efforts in terms of time and energy.
In this case, Gloria follows satisficing model as she cannot make extensive research due to time constraints. so she aims at buying a car that seems satisfactory to her.
a. Payment of dividends and common stock.
b. Net income and common stock.
c. Net income and payment of dividends.
d. Net income and paid-in capital.
Answer:
c. Net income and payment of dividends.
Explanation:
The statement of stockholder's equity comprises common stock and retained earnings. The ending balance after adjustment shown in the attached spreadsheet.
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
And, the ending balance of the common stock = Beginning balance of common stock + issued shares
Hence, the appropriate option is c.
Retained earnings are affected by the net income and the payment of dividends. Net income can increase retained earnings, while payment of dividends decreases retained earnings.
The change in retained earnings is affected by both net income and the payment of dividends. Option c is the correct choice. Retained earnings refer to the net income that a company keeps after it has paid dividends to its investors. When a company generates net income, it has a choice: it can either distribute these earnings to the shareholders in the form of dividendsor retain them within the company. The money that is kept or 'retained' in the business then becomes part of the 'retained earnings'. Conversely, when a company pays dividends, it decreases its retained earnings.
#SPJ3
Job change a person's lifestyle such as the increases the source of the income are the switch the higher rate of the product. A person can also increase the knowledge and the experience.
What is job?
The term job refers to employed on a particular company. The company pay amount on employee is also known as job. The job is created opportunity for built the career. A job is support to the financial earn and built the experience. There are producers, builders, thinkers, and Improvers.
A person is doing the job as they change the lifestyle. A job was the increased the source of income. So, the person are the switch the high price of the product and the services. A person status was the high. The job was the rises in the economy because a person is the employed.
As a result, the job change a person's lifestyle as the switch the high price of the product.
Learn more about on job, here:
#SPJ2
Answer:
It changes a persons lifestyle by changing what they do on a day to day basis, is the right answer.
Explanation:
In the following ways, the lifestyle of an individual change drastically after getting a job:
Initially, by looking at the other employees of the workplace people began to wear clothes accordingly. They began following the trends that the people of his/her office are following.
By looking at others and to maintain his/her image in the company people start travelling through cabs and having coffee at Starbucks instead of the local street-side tea stall.