Shirley’s Hair Salon paid $1,000 toward a bank loan. How will this transaction impact the accounting equation?

Assets decrease and liabilities decrease.
Assets increase and liabilities increase.
Assets increase and owner’s equity increases.
Liabilities decrease and owner’s equity decreases.

Answers

Answer 1

Answer:

liabilities decrease and owner's equity decrease

Answer 2

Liabilities decrease and owner’s equity decreases: transaction impact the accounting equation. Thus, option D is the correct option.

Assets decrease by $1,000 (since cash is used to make the payment), and liabilities decrease by $1,000 (since the loan is being paid off). There is no direct impact on the owner's equity in this specific transaction.

It's important to understand that when a liability like a bank loan is paid off, it reduces the company's obligations (liabilities) and also decreases the corresponding amount of cash (an asset). This maintains the balance of the accounting equation: Assets = Liabilities + Owner's Equity.

Thus, option D is the correct option.

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Related Questions

I am stuck on this question can someone help?

Answers

Answer:

college-sociologist, hairstylist, biomedical engineer

vocational certification- tour guide, childcare director, museum personnel

Explanation:

The market segment that is the focus of a firm’s marketing plan is the
A. market position
B. target market
C. market mix
D. product market

Help please!!!

Answers

The market segment that is the focus of a firm’s marketing plan is the market mix

What is marketing plan?

Markets plan includes all activity that is involved in achieving a certainly goal as regarding market.

marketing mix contains a market plan as it include all actions in marketing a product.

Therefore, The market segment that is the focus of a firm’s marketing plan is the market mix

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The securities and exchange commission is responsible for ______. multiple choice question. preparing a prospectus regulating various stock exchanges ensuring companies are tax compliant listing stock transactions on the nyse

Answers

Answer:

regulating various stock exchanges

Explanation:

What happens when a driver selects the driving range option from 2023 leaf’s available ev info menu?.

Answers

When a driver selects the driving range option from 2023 leaf’s available info menu a map displays the driving range. This is further explained below.

What is driving?

Generally, driving is simply defined as the factors that are initiated to moving a car or vehicle.

In conclusion, An interactive driving range map appears in the 2023 leaf's accessible information menu when a driver picks the option.

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Last year, talent show tickets were sold for $11 each and 400 people attended. it has been determined that an increase of $1 in ticket price would cause a decrease in attendance of 20 people. what ticket price would maximize revenue

Answers

Answer:

Explanation:

4800 - 300 ppl $16

or

4800 - 320 ppl $15

When consumers start searching for ways to satisfy needs, their internal search is characterized by A. consulting close friends and families before expanding the search to a wider, external group. B. the influence of advertising. C. looking through the internal records of a firm, often found on the company website. D. examining personal memories and knowledge. E. using the Internet to find what other consumers feel about a specific product or service.

Answers

Using the Internet to find what other consumers feel about a specific product or service is the  internal search is characterized, When consumers start searching for ways to satisfy needs.

How internet is helpful in finding out about things?

Internet is very useful in many ways for the consumers, some of them are-

It facilitates the person in viewing the reviews of the other person's views on the specific thingsit helps in finding out the best things that a person suits for themIt provides easy ecommerce service From which a person can buy things.It provides easy return, if something is not appropriate to use.

Thus, option E is correct.

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Madelyn, the president and CEO of Anytime Accounting, has asked several of her managers and employees to help establish a statement to outline the fundamental purposes of their company. The result of this effort is likely to be a document known as a(n)

Answers

The result of this effort is likely to be a document known as a B. mission statement.

What is a Mission Statement?

This refers to the document that contains the aims and objectives of a company that is used as a guideline to set its target.

Hence, we can see that based on the fact that Madelyn makes a statement that shows the fundamental purposes of their company, this would be included in the mission statement.

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Which is not an expense account?
Repairs
Advertising
Rent
Interest
Accrued

Answers

The answer option which is not an example of an expense account is: E. Accrued.

What is an expense account?

An expense account can be defined as a type of account that include an amount of money (funds) that are paid to an employee by an employer of labor, so as to enable the employee spend the fund on things related to his or her job.

In Business management, some examples of an expense account include the following:

RepairsAdvertisingRentInterest

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Why do promises make a difference in people ives

Answers

Answer:

It gives people hope and trust in that person. Promiss are a mere social construct however they add that bit of extra trust to the mix

As the ceo of a mid-size airline, karyn knows that most commercial airplanes are manufactured by either airbus or boeing. To mitigate the ________ of the airline industry, karyn explores options for her company to manufacture its own airplanes.

Answers

To mitigate the bargaining power of suppliers of the airline industry, karyn explores options for her company to manufacture its own airplanes.

What is bargaining power of suppliers?

Bargaining power of suppliers occur when companies or organization are under pressure  when the price of the product they purchase from a supplier increase or when their is scarcity of the product.

Based on the scenario in order to mitigate Bargaining power of supplier karyn by telling the company to produce their own product.

Therefore to mitigate the bargaining power of suppliers the  company should  manufacture its own airplanes.

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state any two functions of government office​

Answers

Answer:

The government office has the following functions:

To overlook all government activities at a given area.To maintain peace,order and involvement of citizens to government decision.

If the dollar price of the english pound goes from $1. 75 to $1. 50, the dollar has.

Answers

Answer: Decreased

Explanation:

I'm sorry but I think your question is incomplete.

Texas annexation was not at the forefront of american politics until president john tyler used it as a rallying cry for his bid for reelection in 1844. identify the statements that correctly describe the reactions to the annexation of texas.

Answers

Answer:

A letter by Secretary of State John C. Calhoun to President Tyler linked the idea of absorbing Texas directly to the goal of strengthening slavery in the United States.

Prospective presidential candidates, Henry Clay and Martin Van Buren, met and agreed to reject the immediate annexation of Texas on the grounds it might lead to war with Mexico.

Explanation:

In a letter to President Tyler, Secretary of State John C. Calhoun made a direct connection between the desire to strengthen slavery in the US and the concept of absorbing Texas.

What was annexation of Texas ?

Henry Clay and Martin Van Buren, two potential candidates for the presidency, got together and decided against annexing Texas right once because doing so might spark a conflict with Mexico.

In an effort to build a foundation of support from the general public for another four years, U.S. President John Tyler broke away from the other major parties in 1843 and opted to seek the annexation of Texas on his own.

The Tyler-Texas treaty was rejected by the Senate by a strong majority. Tyler lacked the Senate votes necessary to ratify the deal. In June, it lost by a wide margin.

Tyler retried to acquire their ok before leaving the office. This time, he received support from both chambers of Congress for the joint resolution.

Texas was admitted into America on December 29, 1845, thanks to Tyler's success in getting the joint resolution passed by the senate on March 1, 1845.

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Financial accountants:_________
a) provide information to external entities that allows them to evaluate business performance.
b) summarize the company's production activities in a way that allows managers to make decisions.
c) have a primary focus on providing managers within the organization with reports to make good business decisions.
d) work with government lobbyists to push for more favorable accounting regulations.

Answers

Financial accountantssummarize the company's production activities in a way that allows managers to make decisions.

What are financial accounts?

Financial accounts are the accounts that show the profit and loss, expenses and savings, assets and liability, debts and outstanding amount.

Financial accounts help the company to take the future decision that is based on the previous occurrence in the organization. Some of the financial accounts are cash flow statement profit and loss, balance sheet and others.

Thus, option B is correct.

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*PLEASE HELP ME!*

Sara could practice her guitar or complete her calculus homework. She does not really want to practice her guitar but does so anyway, what is her trade-off?

practicing her guitar
completing her calculus homework
the time it took her to practice guitar.
practicing her guitar and doing her calculus homework

Answers

Answer:

C

Explanation:

If workers are likely to be exposed to fall dangers, what kinds of trainings must their employers provide?.

Answers

Safety training of course, at the same time,they have to gets very necessary working Insurance as well.

Gobi is an employee of Haz-Mat, Inc. He refuses a transfer to a Haz-Mat department in which several employees suffered serious injuries from exposure to hazardous materials. Under the Occupational Safety and Health Act, Gobi may be Group of answer choices

Answers

The Occupational Safety and Health Act protects employees that have suffered serious injuries from exposure to hazardous materials if they refuse a transfer to a Haz-Mat department.

What was the aim of the Occupational Safety and Health Act?

The Occupational Safety and Health Administration (OSHA) was founded by Congress in 1970 to control or guarantee dependable and healthy working states for workers by launching measures as well as furnishing training, education, reaching, and help.

Therefore, The Occupational Safety and Health Act protects employees from serious injury if they refuse a transfer to a Haz-Mat department if the refusal is due to exposure to hazardous materials.

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According to goal-setting theory, in order for goals to enhance motivation and performance they must be Multiple Choice recognized by monetary rewards. accompanied by feedback. tied directly to the principles of scientific management. put into the labor contract.

Answers

According to goal-setting theory, in order for goals to enhance motivation and performance they must be: B. accompanied by feedback.

What is motivation ?

Motivation is something that  help  to increase a worker or an employee  performance and  productivity.

For a goals which a company what to accomplish to enhance motivation  such goals must depend on the feedback received.

Therefore the correct option  is B.

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Project: Know Your Surroundings There are thousands of human services organizations worldwide. These service organizations feed the hungry, help the children of needy families, and strive for world peace. Believe it or not, some of them are working right in the heart of your community. Research (Step 1) (Read all directions before beginning research.) Make a list of ten service organizations, institutions, and agencies in your community. Discover as much information about them as possible by searching the Internet, local newspapers, and the telephone book. If necessary, make telephone calls to individual agencies to ask questions and gather additional information. Include the following information about them on your list: What is the name of the organization? What is its mission statement? Is it nonprofit or for-profit? Does the organization have volunteers? Is it a government agency? If so, is it federally, state, or independently operated? Name its target population(s). What services does it offer? Would you ever consider working for the organization (include why/why not)? At the bottom of each section on your list, make notes on any other information that you think is interesting about each organization. Application (Step 2) (Read all directions before starting application.) Once you have completed your research, think about what kind of human services organization you would want be a part of starting. Think about how you would adhere to the four fundamentals of human services philosophy. Then complete the following checklist: Name your organization. Develop your mission statement. A mission statement is the purpose of your organization summarized in a short paragraph. Use the mission statements from your research as a guide to develop your organization's mission statement. This should be no longer than three to five sentences. Will you start a nonprofit or for-profit organization? Will you employ human services workers, utilize volunteers, or both? What is your target population? What services are you going to provide?
Visual (step 3)
Using poster board, create a visual display for your organization. Use all information developed in step 2. Be creative and have fun.

Answers

Some human service organizations are:

The National Organization for Human Services. ...The American Public Human Services Association. ...American Counseling Association, etc

What is a Mission Statement?

This refers to the statement that contains the aims and objectives of a company or business.

Hence, the mission statement of the American Counseling Association is to enhance the quality of life and also to "advance the counseling profession, and using the profession and practice of counseling to promote respect for human dignity and diversity"

Therefore, the other human service organizations are:

Council for Standards in Human Service Education. National Council on Family Relations. Other Organizations of Interest, etc.

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Ms. Noser visits a local animal shelter to purchase a dog for her children. At the shelter she is introduced to
two dogs, a brother and sister. Ms. Noser immediately develops an attachment to both dogs. She decides to
purchase both dogs. What was Ms. Noser's buying motive?

O emotional
O rational
O b2b
O feature-benefit

Answers

Answer:

what is the meaning of non cooperation movement

write the following In Words 689·104​

Answers

Six hundred eighty nine (689)

One hundred four (104)

A Chicago-based company decides to outsource all product designs to Singapore because it has been found to have the most efficient design companies. In this situation, the Blank______ implication for international business is being considered. Multiple choice question. first-mover location policy trade

Answers

In this situation when the company outsources its products the location implication for international business is being considered. Thus the correct answer is B.

What is outsourcing?

Outsourcing is a technique in which a corporation contracts a third party to perform activities, manage operations, or offer services. These outsourcing companies will provide efficient work to the clients.

It arranges its own employees or computer systems to complete the tasks or provide the services, either on-site facilities or at off-site facilities locations.

These outsourcing services will help the business to lower the cost by outsourcing activities from countries where there is the availability of cheap manpower or skilled employees.

These will help to improve the productivity of a business by access to skilled resources and advanced technology. These will improve the efficiency and core competencies of the business.

Therefore, option B location is the correct answer.

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There is such a wide variety of desired goods and services in a market system because multiple choice 2 consumers change their minds frequently. individual wants are diverse. producers determine what to produce. there is always a need to produce something new and improved.

Answers

There is a variety of products in the market as the wants and needs of the individuals in an economy become diverse.

Option B is the correct answer.

What is a product?

Product refers to the goods manufactured by companies and sold by the retailers in the consumer market.

The companies in the digital world creating lots of new and innovative goods that attract the customers to buy more which results in an increase in their consumption needs. The consumption needs will then affect the wants of individuals and make them diverse and differentiated.

Therefore, the diversified wants of individuals are caused due to wide variety of products in the market.

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Zion company sells merchandise on credit to brc, inc. in the amount of $1,200. the entry to record this sale would include a: (check all that apply.)

Answers

The entry to record the sale of merchandise would include

-Debit to Accounts Receivable

-Credit to Sales

What is journal entry?

Journal entry refers to how business transactions are recorded for ease of reconciliation.

Typically, when goods are sold, the accounts receivable is debited, while sales is credited.

Hence, the entry to record the sale of merchandise would include debit to Accounts Receivable and credit to sales.

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If you were running a marathon which type of muscle fibers.

Answers

Answer:

Skeletal muscle fibers

Explanation:

What it the present value of $2,000 that you expect to receive in 3 years assuming you could invest the money today and earn a 5% annual return?.

Answers

A present value of $2,000 that you expect to receive in 3 years, the future value is mathematically given as

F=2315.24

What is the Future value of $2,000?

Generally, the equation for the present value is mathematically given as

P= fv*1/(1+r)n

Therefore

2000=F *1/(1+0.05)^3

F=2315.24

In conclusion, the Future value

F=2315.24

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A business's budget estimates yearly sales of $735,650. if the business plans to spend 38%
of sales on salaries and wages and 24% of sales for other expenses, how much should it
budget for total expenses?
o $456,103
o $279,547
o $176,556
o $529,668

Answers

The amount that it should budget for total expenses is: $456,103.

Budgeted total expense

Using this formula

Total expenses=(Yearly sales×38%)+ (Yearly sales×24%)

Let plug in the formula

Total expenses=$279,547+$176,556

Total expenses=$456,103

Therefore the correct option is A.

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One natural consequence of mastering your job can be increased _______. a. excitement b. boredom c. interest d. fear please select the best answer from the choices provided a b c d

Answers

The complete statement is "One natural consequence of mastering your job can be increased interest." Option C. This is further explained below.

What is interest?

Generally, interest is simply defined as the desire to understand more about something.

In conclusion, When you've mastered your profession, it's normal to feel more enthusiastic about it.

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Economic profit is equal to total revenue minus the Group of answer choices explicit cost of producing goods and services. implicit cost of producing goods and services. accounting cost of producing goods and services. opportunity cost of producing goods and services.

Answers

Answer:

accounting cost of producing goods and services.

Explanation:

Customer relationship management (CRM) helps firms gain and maintain competitive advantage by: a. encouraging them to produce standardized goods. b. merging all demographic-based and behavior-based segments of markets. c. studying which goods and services are purchased together. d. prohibiting them from bundling goods and services together.

Answers

Answer:

A. Encouraging them to produce standardized goods

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