A company pays down the account's payable account with $2000 cash. What effect does this transaction have on the asset account?

A. Increases

B. Decreases

C. No effect

Sunland Company purchased land in 2010 for $303000. In 2018, it purchased a nearly identical parcel of land for $475000. In its 2018 balance sheet, Martin valued these two parcels of land at a combined value of $948000.

Pinnocle Corporation has provided the following data from its activity-based costing system: Activity Cost PoolTotal CostTotal Activity Assembly$1,363,440 69,000machine-hours Processing orders 45,254 1,700orders Inspection 120,754

Explain the major advantages and disadvantages of a business owner with minimal accounting experience maintaining the company's books instead of hiring an accountant.

What creates a way for a company to recover and restore partially or completely interrupted critical functions within a predetermined time after a disaster or extended disruption?

Sarkis is a sales manager for the bratney companies, a company that manufactures equipment used in the processing of grains and other produce.

Which statement is false? A) Land is the primary factor of production used in the production of all goods and services. B) An entrepreneur combines all the factors of production. C) Growth in the economy shifts the PPC left.

A short-run phillips curve shows an inverse relationship between

Which of the following types of business usually has the fastest inventory turnover? furniture store hardware store store that sells consumer electronics grocery store

A Gantt chart is a horizontal bar chart that shows each work activity on a separate line with the bar placed from the early start date to the early finish date for each activity on a timescale. 1. True 2. False

You run a small auto service shop. Your fixed expenses per week are $1,000 and your average customer invoice is $500 with an associated marginal cost of $300. What is your weekly break-even quantity?