Dr. Peabody contributed $5,000 in cash to the company. Which of the following statements is correct?
A. Cash is debited $5,000; capital is credited $500.
B. Capital is debited $5,000; cash is credited $5,000.
C. Cash is credited $5,000; capital is credited $5,000.
D. Cash is debited $5,000; capital is credited $5,000.

Answers

Answer 1

Answer:

D. Cash is debited $5,000; capital is credited $5,000.

Explanation:

The action by Mr. Peabody will increase both cash and capital accounts by $5000 each. As per the accounting equation,( Assets = owners equity + liabilities) cash and capital are on the opposites sides.  Cash is an asset, while capital is equity.

An increase in an asset is a debit, while an increase in capital is credited. In this case, the cash account will be debited by $5000, while the same amount will credit the capital account.


Related Questions

QUESTION 6 of 10: Ashleigh hires a group of security staff. Each worker works an average of 80 hours per month at $14/hour. If her monthly labor cost for security workers is $23,520, how many security workers did Ashleigh hire?

Answers

Answer:

21 security workers

Explanation:

Calculation for how many security workers that was hire

First step is to calculate the amount earned by each employee

Amount earned=80 hours x $14

Amount earned=$1,120

Last step is to calculate how many security workers that was hire

Using this formula

Numbers of Security hired=Security workers labor cost /Amount earned

Let plug in the formula

Numbers of Security hired=$23,520/$1,120

Numbers of Security hired=21 security workers

Therefore the numbers of Security workers that was hired will be 21

1st to answer gets Brainliest

Which federal legislation protects consumers from harassment by
debt collectors

A.The Credit Card Accountability Responsibility and Disclosure Act

B.The Fair Credit Reporting Act

C.The Fair Debt Collection Practices Act

D.The Truth in Lending Act

Answers

Answer:

The Fair Debt Collection Practices Act

Explanation:

The FDCPA prohibits debt collection companies to use abusive, unfair, or deceptive ways to collect debts.

The federal legislation protects consumers from harassment by

debt collectors is The fair debt collection practices act Option(c) is correct.

What is Fair debt collection practice act?

The Fair debt collection practice act means a state policy for eliminating the abusive debt for collection and to protest consumers against debt collection.

The Fair debt collection practice debt is known to be that federal legislation which basically protects the consumers from any type of the harassment.

Therefore Option(c) is correct.

Learn more about Fair Debt collection practice here:

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AHEM
So just a small question, i'm trying to settle a debate between me and a friend of mine.
Eri or Kota (if ya know ya know)

Answers

Answer:

Kota

Explanation:

Answer:

is eri or kota the debate? 0-0

Explanation:

12. One of the benefits of developing a business plan for a new start-up is:
(1 Point)
I shows 91actly how much profit the business will make
it makes sure that the bank will lend all the capital needed
it means that the business start up has no risk of failure
it assists in organising the resources needed for the new business​

Answers

Answer:

it assists in organising the resources needed for the new business​

Explanation:

A business plan details the mission and objectives of an entity. It explains the nature of business the entity will engage in, the target market, the resources it requires, and the projected revenues and expenses.

A business plan is useful when soliciting resources. Although a business plan does not guarantee a hundred percent financing, It shows how much resources will be required and how they shall be used. This helps the founders to know what is required at what stage and make the necessary arrangements.

*ECONOMICS* Which situation best illustrates the concept of absolute advantage?
A. A factory in Vietnam can produce more shoes than other
countries.
B. The total value of U.S. exports is lower than the value of the
country's imports.
C. A software company is forced to increase its prices to pay for
rising labor costs.
D. A restaurant buys its ingredients from nearby farms to help the
local economy

Answers

Answer:

A. A factory in Vietnam can produce more shoes than other

countries.

Explanation:

Absolute advantage is the potential of an individual,  a company, or a  country to produce a higher quantity of output than its competitors while using the same inputs. It means an institution with absolute advantage has more efficiency in producing a particular commodity than its rivals. It utilizes lower marginal cost (materials and labor), making its output much cheaper than others.

A factory in Vietnam has an absolute advantage because it can produce shoes at a lower cost than others. Absolute advantage makes the factory more competitive in the market than its rivals.

Answer:

a.

Explanation:

ap3x test

do you think the government should help businesses like SJD? justify your answer​

Answers

Answer:

yes

Explanation:

coz we're not getting any help

What is the distinguishing feature of a market structure with monopolistic competition?

A) product reliability
C) product differentiation
B) lower product prices
D) government-approved products

Answers

Answer:

look below

Explanation:

Monopolistic competition is a market structure defined by four main characteristics: large numbers of buyers and sellers; perfect information; low entry and exit barriers; similar but differentiated goods.

Would be much appreictaed if you could lookat my recent question posted and see if you could be of any help:)

Ryo Akita currently earns a monthly salary of $2,200. She has been offered a raise of $250 per month. How much more will she earn per year at her new salary? $3,000

Answers

Answer:

Yearley increase= $3,000

Explanation:

Giving the following information:

Current salary= $2,500

Salary increase= $250

To calculate the yearly increase in her income, we need to use the following formula:

Yearley increase= monthly increase* number of months

Yearley increase= 250*12

Yearley increase= $3,000

compute the selling price of a bag of chips that has a cost of $0.75 per item. the store needs to generate a profit of $0.50 per item.

Answers

Answer:

$1.25

Explanation:

A seller has to consider both the cost price and the desired profit before setting the selling price.  In practice, the selling price is the total of the cost price and the intended profits.

In this case

Selling price = $0.75 + $0.50

=$1.25

Prosperity is a period in which?

Answers

Answer:

Prosperity is a period in which all common goods are plentiful or a certain areas economy does very well or a population boom that is well sustained.

evaluate South Africa's approach to redistribution of wealth and income ​

Answers

Answer:anser is

Explanation:

E

ill mark brainiest for the correct answer

The table shows a schedule of Evita’s payment plan for a used car.


Evita’s Payment Plan for the First Three Years

Year

Balance

Monthly Payment

End of Year

Balance

1


$356.82


2


$356.82


3


$356.82

$8,563.39


Evita paid $2,408.91 in interest. What was the selling price of the car?

A> $12,845.52

B>$17,127.07

C>$19,000.00

D>$21,408.91

Answers

Answer:

the answer is C. $19,000.00 at 25.36% interest

Explanation:

25.36 percent interest each year for 5 years

Answer:

It is actually B 14,719.80

Explanation:

The process of achieving company goals by effective use of resources is called?

a. Management
b. Planning
c. Controlling
d. Supervision

Answers

Answer:

a

Explanation:

it is called management

..................................................................................................................................................................................................is ......................................................................................................................................................................... anyone here

Answers

Answer:

yuh :)

Explanation:

Where is the data displayed in a query stored?
O in the query
o on the Clipboard
in a temporary backup file
O in the underlying table

THE ANSWER IS D

Answers

Answer:

lol ummmmmmmm how abt d

disadvantages of tabular representation of data in economics​

Answers

Answer:

There are not many disadvantages in the tabular presentation of data, but one of the disadvantages of this presentation of data is that it does not provide a detailed view of the data which is provided with the textual presentation.

Explanation:

Tabular presentations could also have a few problems related to mobile use:

There is not enough space to put all the columns on the screen, so it has to be moved manually, which is not economic.If the columns are shrunk, it will minimize the letters, so it won’t be legible.It will slow down the mobile phone.

Question 1 of 20
The final step of the sale of property is
A. acceptance
B. title transfer
C. contract
D. offer

Answers

Answer:

B. title transfer

Explanation:

A certificate of title is the proof of owners of the property. Title transfer is the act of changing ownership of a property from the seller to the buyer.

Title transfer is the last step in a property sale. The process of title transfer starts after the terms and conditions specified in the sale agreement have been fulfilled. The seller is happy to relinquish ownership of the property to its new owner.

!!!!!PLEASE HELP I NEED TO PASS !!!!
Which of the following are meant to store money which is NOT intended for daily expenses?
O Checking accounts
O Savings accounts
O Loan accounts
O Credit accounts

Answers

Umm I’m not quite sure but it gonna have to be Loan accounts

Answer:

You put money in saving accounts and don't usually use it for daily expenses. checking accounts are for daily expenses loans are for investments and credit catds are the banks money so it has to be a savings account

when is subsidy necessary in comodity supply​

Answers

Answer:

A subsidy is a benefit given to an individual, business, or institution, usually by the government. It is usually in the form of a cash payment or a tax reduction. The subsidy is typically given to remove some type of burden, and it is often considered to be in the overall interest of the public, given to promote a social good or an economic policy.

Explanation:

if you could redo any event from your life, what would it be?

Answers

Answer: being dumb don't ask why :-D

what does it mean to provide customer service? PLEASE HELP

Answers

Answer:

Providing excellent customer service means going the extra mile in making sure a customer is happy and satisfied with a company's products or services. It also involves providing service to a customer in a timely, pleasant manner.

An electronic card that serves as an interface to an ATM is known as a ____.
A. cash card
B. credit caby
C. smart card
D. debit card​

Answers

Answer:

D. debit card​

Explanation:

A debit card is an electronic card that enables customers to access their bank accounts via an ATM.  An ATM ( Automated Teller Machine) is a banking outlet that allows customers to perform basic banking services such as deposits, withdrawals, transfers, and balance inquiries without stepping into the banking hall.

A customer needs to have their debit card and the PIN to access their bank account via the ATM.

Total output is increasing but marginal product of labor is decreasing. This is an example of...

Answers

The answer Marginal product.

The focus on traditional financial statements is -Select- data rather than cash flow. However, cash flow is important to investors, managers, and stock analysts. Therefore, corporate decision makers and security analysts need to modify accounting data provided to them. An important modification is the concept of free cash flow (FCF). Many analysts regard FCF as being the single and most important number that can be developed from the accounting statements, even more important than net income. The equation for free cash flow is:

Answers

Answer:

The focus on traditional financial statements is ACCOUNTING data rather than cash flow.

Free cash flows = (EBIT x (1 - tax rate)] + non-cash expenses (depreciation and amortization) - capital expenditures - increases in net working capital

Explanation:

Cash is KING. A company might b extremely profitable from an accounting point of view, but if it doesn't have enough cash to keep running, it will go bankrupt. E.g. many companies increase their sales revenue by handing out long credit terms to most or all of its customers including some that may not be able to pay them back. That increases accounts receivables and net income, but until the cash is collected, this is useless. The other option that a company has is to factor their accounts receivables but factoring companies are not dumb and they will pay a very low amount for them.

Companies and stocks are always valued based on cash flows, never on accounting records. Accounting records might be deceiving, but cash never lies. Either the company has or doesn't have cash. A company's cash flow tells investors how well managed a company is.

E.g. Remember that during the Great Recession both GM and Chrysler went bankrupt and the government had to bail them out. If you looked at their accounting records of the previous year, they were both profitable, so why did they burst in just a few months? They didn't have cash. Cars and SUVs are useless unless you sell them and collect the cash. Ford didn't go bankrupt because it had billions of dollars in cash, not because they were doing great. Ford was actually the company that performed worst form an accounting point of view. But out of the 3 car companies, it was the only one properly managed. Accounting records are great for the IRS but are meaningless to an investor.

While it's not possible in every situation, what is the safest solution to protect yourself from chemical hazards in the work environment?
Select the best option.

Wear PPE


Use ventilation


Remove the chemical hazards


Only use the chemical hazard for limited amounts of time

Answers

Answer:

A. Wear PPE

Explanation:

The Occupational Safety and Health Administration (OSHA) is a federal agency saddled with the responsibility of assuring and ensuring safe and healthy working conditions for employees by setting and enforcing standards, providing education, trainings and assistance to various organizations.

According to the Occupational Safety and Health Administration (OSHA), safety precautions such as wearing a personal protective equipment e.g masks (respirators), ear plugs, safety boots, gloves, helmet, etc. are very important and essential to be used by workers while working in a hazard prone environment or industries.

Hence, while it's not possible in every situation, the safest solution to protect yourself from chemical hazards in the work environment is to wear personal protective equipment (PPE).

The best and safest way to keep away from chemical hazards in the work environment is to use PPE kits. So, the correct option is A.

PPE kits are the safest solution to stay away from chemical hazards as they are made from disposable materials. They are like single use products specially made for chemical environments.

PPE kits are definitely helpful in the safeguarding of the workers working in chemically exposed environment so as to save the workers from getting exposed to the chemicals.

PPE kits can also be helpful in treating patients during any virus outbreak or a pandemic which is fatal for the life of person in contact to such patient and can be worn by the doctors, nurses and hospital staff.

There are multiple uses of PPE kits and they are one of the most smartest way to continue working for long hours without any risks of getting exposed to hazardous substances.

Hence, the correct option is A that the safest way to protect self from chemical hazards in a work environment is by wearing PPE kits.

To know more about PPE kits, click on the link below.

https://brainly.com/question/17611643

Did someone seen pottah.​

Answers

Answer:

Harry potter books and shows and movies are dumb the only thing i like thats harry potter is butter bear from universal, its so yummy

Explanation:

periodt.

If you are trying to establish a credit history, would you use credit to make a purchase even if you could pay cash? Why?

Answers

Answer:

By using credit, you're building up your overall score. Cash purchases go unnoticed by companies and your bank.

Explanation:

a good study group moderator will


a . Ask a strong opening question


b . Keep the group discussion on track


c . Validate group member statements


d . All of these


e . None of these


answer: d . All of these

Answers

Answer:

Ok! So what is the question? Since you answered it already...

Answer:

D

Explanation:

Using the chart below for reference, how would you describe the relationship between the amount of education you receive and the amount of money you make? will make brainliest

Answers

Answer:

Positive correlation

Explanation:

As the level of education increases, the higher the level of income. This is a perfect example of a positive correlation. An increase in one of the variables ( education) increases the other variable( income). A positive correlation is also a direct relationship.

A negative correlation or indirect relationship is when an increase in one variable leads to the other variable moving in the opposite direction.

who is indirectly benefitted by the tax we have paid​

Answers

Answer:

Because no one lives in isolation, tax dollars from a variety of sources benefit you, your family and your neighbors, no matter the size of income. Every time you get into your car and travel on a public highway, you ride on roads built, maintained, and paid for by state and local road funds replenished by tax dollars.

Explanation:

Answer: the government

Explanation: because they ar collecting our taxes they can use it for building projects or something they wanna do

Other Questions
Peter, has discovered another wine, wine D. Wine drinkers are willing to pay 45 dollars to drink it right now. The amount that wine drinkers are willing to pay will rise by 15 dollars each year that the wine ages. The interest rate is 10%. How much would Peter be willing to pay for the wine if he buys it as an investment? (Pick the closest answer.)a. 76 dollarsb. 45 dollarsc. 150 dollarsd. 495 dollarse. 71 dollars Which of the following does NOT affect the amount of lift on an airplane's wing?A. gravityB. turbulenceC. wing surface areaD. the airplane's speed How did the Nile and crop influence egyptian religion? Answer this please thanks Union local school district has bonds outstanding with a coupon rate of 3.2 percent paid semiannually and 16 years to maturity. The yield to maturity on these bonds is 3.7 percent and the bonds have a par value of $5,000. What is the dollar price of the bonds? Erica can solve 30 addition problems in 15 minutes. If she works at the same rate, how many problems can Erica solve in 2 minutes? which is one characteristic of an electron? White any four rational numbers having the denominator 2 or power of2. then express them in decimals. Are the decimals always terminating?While the remarks of your investigation. PLEASE HELP ILL GIVE BRAINLIEST!!!! what 3 states have the lowest amount of slaves in the 1740 What were the two animals that the Spaniards imported to Mesoamerica? Luis le dice a su amiga: "Yo tengo ahora el triple de edad que t tenas, cuando yo tena la edad que t tienes ahora". Si entre los dos suman 50 aos, cuntos tiene cada uno? Calculate the yield to maturity of a zero coupon bond with a face value (par value) of $1,000, maturing in 15 years and selling for a price of $525.75.a. 5.62%.b. 4.38%.c. 8.74%.d. 15.26%.e. 16.27%. What property is being shown in the picture below?a. capillary actionb. adhesionc. cohesiond. all of the aboveAnd explain why. 7) What makes the Hudson River important to New York State? * 10 points A. It was everyones favorite place to swim. B. It helped people make trade and travel convenient. C. It was where the sailboats raced during the summer. D. It was the water everyone used for farming. Which of the jobs listed is likely to be the most influenced by creativity and the creative process?A) Warehouse workerB) ProgrammerC) ReceptionistD) Office manager A cousin of yours in SS2 discovered to be pregnant and her father threatened to send her out of the house. Write a letter to pacify the father and suggest what u think can be done to salvage the situation A gas occupies 3.5L at 2.5 kPa pressure. What is the volume at 100 mmHg at the same temperature? Be sure toshow the setup and the final answer and unit.Show Your Work EXITTICKET:If a car travels 50 m/h , for 5 hours, then how far did the car travel ? (Distance: time. .speed) When markets fail, public policya. can do nothing to improve the situationb. can potentially remedy the problem an increase economicefficiency.c. can always remedy the problem and increase economicefficiency.d. can in theory, remedy the problem, buy in practice, publicpolicy has proven to be ineffective