After conducting a financial transaction, a company’s accounting staff records a $1,000 decrease in a particular asset. in order for the accounting equation to balance, the accounting staff must also record which of the following things?

Answers

Answer 1

Answer: In order for the accounting equation to be balanced, the accounting staff must also record A $1000 INCREASE IN A DIFFERENT ASSET.
It is important for the accounting department of a business to keep the accounting details of the company balanced. In accounting for assets, in a situation where a decrease is recorded on a particular asset for a reason, then that decrease must be balanced by increasing the value of another asset by the same amount that is removed from the first asset.

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1. What effect does a rise in the cost of machinery or raw materials have on the cost of a good? A rise in the cost of raw materials (but not machinery) raises the cost. The good becomes cheaper to produce. The good becomes more expensive to produce. It does not have any effect on the cost of the good. 2. What does new technology generally do to production? It lowers cost and decreases supply. It lowers cost and increases supply. It increases cost and decreases supply. It has very little effect on production. 3. Why does the United States regulate automobile manufacturing in so many ways? to protect the consumer from Japanese and European automobiles to keep the price of U.S. automobiles competitive with others to keep the manufacturers of U.S. automobiles from gaining too much of the market to offset the air pollution caused by automobiles 4. When any effort by government causes the supply of a good to rise, what happens to the supply curve for that good? It shifts to the left. It shifts to the right. It reverses direction. The supply curve is not affected. 5. How do future expectations about the price of a good affect the present supply? If the price is expected to increase, many producers will hold onto their supply. If the price is expected to decrease, many producers will hold onto their supply. If the price of a related good is expected to increase, only a few sellers will hold onto their supply until the increase occurs. If the price is expected to increase and then decrease, most sellers will hold onto their supply until the decrease has occurred. 6. If prices rise and income stays the same, what is the effect on demand? More is bought of some goods and less of others. Fewer goods are bought. More goods are bought. Demand stays the same. 7. How can the demand for one good be affected by increased demand for another one? When goods are bought together, increased demand for one will decrease demand for the other. If goods are used together, increased demand for one will increase demand for the other. If goods are substitutes for each other, increased demand for one will increase demand for the other. A drop in price for a good will increase demand for the good and its substitute. 8. How does the price range affect the elasticity of demand for a product? Demand for all goods is elastic if the price is low enough. Demand for a good can be elastic at a low price but inelastic at a high price. Demand for a good can be inelastic at a low price, but elastic at a high price. Price range has little or no effect on elasticity of demand for a good. 9. What is the principle of the law of supply? The lower the price, the larger the quantity produced. The higher the price, the larger the quantity produced. The higher the price, the smaller the quantity produced. The lower the price, the more manufacturers will produce the good. 10. How is the total cost of a factory or other production site determined? marginal cost plus fixed cost fixed cost plus variable cost marginal cost plus variable cost marginal cost plus output cost

Answers

These are the following answers:
(1) The good becomes more expensive to produce
(2) It lowers cost and increases supply.
(3) to offset the air pollution caused by automobiles.
(4) It shifts to the left.
(5) If the price is expected to increase and then decrease, most sellers will hold onto their supply until the decrease has occurred.
(6) Fewer goods are bought.
(7) When goods are bought together, increased demand for one will decrease demand for the other.
(8) Demand for a good can be elastic at a low price but inelastic at a high price
(9) The lower the price, the larger the quantity produced
(10) marginal cost plus fixed cost fixed cost plus variable cost

Marketers must see themselves as benefit providers. For example, when a shopper purchases new shoes, he or she expects the shoes to cover his or her feet and allow him or her to walk unobstructed. This is an example of what level in the consumer-value hierarchy? Basic product Core product Pure tangible product Potential benefit

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The correct answer is this one: "basic product." Marketers must see themselves as benefit providers. For example, when a shopperpurchases new shoes, he or she expects the shoes to cover his or her feet and allow him or her towalk unobstructed. This is an example of what level in the consumer-value hierarchy: Basic product

Bart wants to know whether skateboarders have faster reactions than non-skateboarders. He recruits 25 skateboarding teenagers, and 25 non-skateboarding teenagers, and measures the reaction time of each group. What type of design is this?

Answers

Answer:

Cross Sectional Quasi-Experiment

Explanation:

Based on the information provided within the question it can be said that the type of design that Bart is using in this scenario is a Cross Sectional Quasi-Experiment. This is a type of experiment in which two or more different types of groups are compared at the same time in order to analyze the results and come to a conclusion of the experimental variable that is being researched. Which in this case would be "who has better reaction time.".

Why do internal users need financial data?A. to make business decisions and compare business performance with previous years
B. to invest in the business’s stocks
C. to invest in stocks and make business decisions
D. to analyze the risk involved in lending money to the business
E. to understand the risk involved in lending resources to the business

Answers

Answer:

C. to invest in stocks and make business decisions

Final answer:

Internal users need financial data to make informed business decisions and compare business performance with previous years. Financial data offers insights into the business's operational aspects and can be used to identify trends and areas of growth or improvement. Options B, C, D, and E are more related to external users such as investors and creditors.

Explanation:

Internal users need financial data primarily to make informed business decisions and assess performance. Financial data provides insights into business operations such as profitability, effectiveness, and efficiency. It can also be used to benchmark performance against previous years, identifying trends and areas of growth or improvement.

Option A: to make business decisions and compare business performance with previous years is correct.

Options B, C, and D: to invest in the business's stocks, to invest in stocks and make business decisions, and to analyze the risk involved in lending money to the business, respectively pertain more to external users like investors and creditors, not internal users.

Option E: to understand the risk involved in lending resources to the business, seems partially correct. Internal users may use financial data to understand risk regarding resource allocation; however, the term 'lending' is generally mostly associated with external entities, such as banks.

Learn more about Financial Data here:

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Iceberg storage, a leading hard drive manufacturer, recently filed for bankruptcy. While most of Iceberg's competitors were shifting away from physical data storage devices toward online cloud storage services, Iceberg invested most of its retained earnings in the effort to improve its hard drives. Once the hard-drive market drastically declined, Iceberg Storage was unable to capitalize on the new technology. Which of the following does this scenario best illustrate?a. causal ambiguity.b. knowledge diffusion.
c. social complexity.
d. path dependence.

Answers

Answer:

d. path dependence

Explanation:

Based on the scenario being described within the question it can be said that this is best illustrating the concept of path dependence. This term refers to how the set of decisions that individuals face is limited due to decisions that they have made in the past that will influence them, even though the past circumstances may no longer be relevant. As is the case in this scenario as Iceberg storage decided to stick with physical devices because it is what they did in the past and it worked out for them, but since times changed it did not work out this time.

Answer:

Explanation:

Path dependence

Path dependency occurs because it is often easier or more cost-effective to continue along an already set path than to create an entirely new one.

While most of Iceberg's competitors were shifting away from physical data storage devices toward online cloud storage services, Iceberg invested most of its retained earnings in the effort to improve its hard drives. Iceberg should have shifted away this is a case of path dependence

Private individuals and companies decide what products to manufacture and what prices to charge for goods and services in aa. market economy.
b. socialist economy.
c. welfare state.
d. command economy.

Answers

The answer is A. Market economy

In market company, all economic decision such as : what products should be produce, how much is the price , how should it be distributed, what investments, etc, falls entirely to the power of Supply and Demand, while the government has no involvement in it

This means the decision will fall to private individuals and private companies

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