Based on this information, Mark has the absolute advantage in making brownies and Julie has the absolute advantage in making cookies.
What is absolute advantage?Absolute advantage refers to the notion that a company, country or person has the best ability with respect to the production of a stated service or product.
Thus, it is right to state that given the above information, Mark has the absolute advantage in making brownies and Julie has the absolute advantage in making cookies.
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The certificate of appointment to petty officer second class is what navpers form.
The NAVPERS Form "1430/8 (USNR)" is allocated on the certificate of appointment to petty officer second class.
What is a navpers form?These numbers are allocated to an enlisted Personnel Action which was automated to provide a standard Navy-wide format for authorized command.
Hence, the NAVPERS Form "1430/8 (USNR)" is allocated on the certificate of appointment to petty officer second class.
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An increase in a consumer's income Group of answer choices increases the slope of the consumer's budget line. has no effect on the slope of the consumer's budget line. decreases the slope of the consumer's budget line. has no effect on the consumer's budget line.
An increase in a consumer's income will increase the slope of the consumer's budget line.
What is a budget line?The budget line sometimes referred to as the budget restriction, displays every combination of two commodities that a client is able to afford at the current market pricing and within their specific income range.The budget line is a graphical representation of every combination of the two commodities that may be purchased using the given income and cost, with the price of each combination being equal to the customer's monetary earnings.It's critical to remember that the slope of the budget line corresponds to the cost-to-volume ratio of two commodities. The slope of the budgetary restriction is very significant.Increase in the slope of the budget line:A rise in income allows consumers to purchase more of both goods, which causes the budget line to shift outward, or to the right (slope increases).Therefore, an increase in a consumer's income will increase the slope of the consumer's budget line.
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Explain how e business systems naturally have greater security risks than traditional business systems. the answer must be focused on person-based trust
E-business systems naturally have greater security risks than traditional business systems because they lack a personal touch and are vulnerable to hackers.
Why E-Business is risky?Along with vulnerabilities connected to using third-party platforms, data privacy laws, internet security rules, and customer service concerns, these risks include the unauthorized sharing of data, fraud, malware, and other security lapses. E-commerce is lacking in a personal touch which is better than traditional. The product is not touchable or haptic. Therefore, it is challenging for customers to evaluate a product's quality. Risks associated with conducting business online frequently include suspicious activities and credit card data theft. This is not a problem in traditional ones.Anyone can make an online purchase using a stolen credit card, including hackers. Most often, disputes start when a customer's account has been charged for a product that never shows up.Hence, E-business is riskier than the traditional business system.
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The extent to which an organization uses fixed costs in its cost structure is measured by: Select one: a. contribution leverage. b. fixed cost leverage. c. efficiency leverage. d. financial leverage. e. operating leverage.
The correct option is E. Operating leverage occurs when an organization has a fixed cost the percentage change in profits due to changes in sales volume is greater than the percentage change in sales.
What causes Operating Leverage?
When the organization has fixed costs the percentage change in profits due to changes in sales volume is greater than the percentage change in sales.
Thus, to extent of operating leverage, the organization uses fixed costs in its cost structure.
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the discount rate is the rate of interest charged on loans from ______ to _____.
The Federal Reserve discount rate is the rate of interest charged on loans from the Federal Reserve to commercial banks.
What is discount rate?The discount rate serves as the interest rate that is been charged to commercial banks as well as other banks.
This is been charged as a result of the loans they took from the Federal Reserve Bank and this is been charged based on agreed interest rate and this can help to know present value of future cash flows.
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in the purchase process, once the company's needs have been identified and product specifications have been outlined, the next step would involve ________.
The next step in the purchase process will be to identify and determine the potential suppliers.
What is a purchase process?It should be noted that that purchasing process simply has to do with the buying of goods and services.
In this case, in the purchase process, once the company's needs have been identified and product specifications have been outlined, the next step would be to identify and determine the potential suppliers.
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Those who oppose corporate social responsibility believe that Multiple choice question. businesses cannot succeed in societies that fail it is using investors' money in ways they did not intend benevolence is the highest virtue businesses who are socially responsible will earn more
Those who oppose corporate social responsibility believe that it is using investors' money in ways they did not intend. Thus the correct answer is B.
What is corporate social responsibility?Corporate social responsibility is referred to as an initiative taken by an organization to protect environmental values and surroundings by eco-friendly and minimum risk strategy in business operations.
This activity focuses on minimum use of natural resources in the business operations and decisions making of the business.
These types of organizations practicing CSR will focus on strategies that do not create harm to the environment and encourage sustainable business practices to provide better experiences to stakeholders of the business.
Therefore, option B which is using investors' money in ways they did not intend is the appropriate answer.
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Ryan and Carly are planning to enter into a limited partnership in which neither the general partners nor the limited partners have personal liability for the debts and obligations of the partnership. They agree that debts of the partnership are solely the responsibility of the partnership, not of the general or the limited partners. According to their agreement, Ryan and Carly are forming a ________.
According to their agreement, Ryan and Carly are forming a Limited Liability Partnership.
What is a limited liability partnership?A limited liability partnership is a business structure that allows partners' liabilities to be limited to the amount they agreed to contribute to the partnership.
The purposes of establishing a partnership are:
Spreading the riskLeveraging individual skills and expertiseEstablishing a division of labor.Thus, according to their agreement, Ryan and Carly are forming a Limited Liability Partnership.
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________ examine the data prepared by ________ and then make recommendations to top management regarding strategies for improving the firm
Answer:
important difference between accounting and other business functions, such as marketing and management, is that
the recording, classifying summarizing and interpreting of financial events and transactions to provide management and other interested parties the information they need to make good decisions
Although accounting has several specific uses, the overall purpose of accounting can be summarized as
a major purpose of accounting is to help managers make well informed decisions. another is to report financial information about the firm to interested stakeholders, such as employees owners, creditors, suppliers, unions, community activists, investors and the goverment (for tax purposes)
Managers examine the date prepared by accountants and then make recommendations to top management regarding strategy.
What is Top level management?Top level management refers to the strategic level which includes the board of the directors, managing directors and Chief executive officers.
Managers review the data generated by accountants and then offer to upper management various ways for the company's improvement.
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A company requires physical isolation of its amazon ec2 instances from the instances of other customers. which instance purchasing option meets this requirement?
The instance purchasing option that meets this requirement of physical isolation is Dedicated Hosts.
What are Dedicated Hosts?
A dedicated host is a kind of hosting service that tis internet based where by the client is the sole use of the hosting service.
Thus, it is right to indicate that The instance purchasing option that meets this requirement of physical isolation is Dedicated Hosts.
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Apple invested $10,495 in the current year to expand its manufacturing capacity. Assume that these assets have a 10-year life and generate net cash flows of $3,000 per year, and that Apple requires a 7% return on its investments. (Apple $s in millions.) (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Compute break-even time. 2. Compute the net present value of this investment.
The breakeven time of the project is 3.50 years
The net present value of the project is $10,575.80
The requirement, in this case, is to determine the payback period(breakeven time) and the project's net present value.
The breakeven time means the number of years it takes to recoup the initial investment, and the number of years it would take for the annual cash flows to be the same as the initial investment, also known as the payback period.
Note for an investment that has even annual cash flows, breakeven time is the initial investment divided by the annual cash flow
breakeven time=$10,495/$3,000
breakeven time=3.50 years
The net present value is the present value of future cash flows for the 10 years minus the initial investment
PV of annual cash flow=annual cash flow*PVA of $1
From the table,7% for 10 years, would give PVA is 7.0236(PVA table, check 7% under year 10)
PV of cash flows=$3,000*7.0236
PV of cash flows=$ 21,070.80
NPV=$21,070.80- $10,495
NPV=$10,575.80
The computation of breakeven time and net present value can be further understood looking the below.
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The basic difference between consumer goods and capital goods is that Multiple Choice consumer goods satisfy wants directly, while capital goods satisfy wants indirectly. an economy that commits a relatively large proportion of its resources to capital goods must accept a lower growth rate. consumer goods are produced in the private sector and capital goods are produced in the public sector. the production of capital goods is not subject to the law of increasing opportunity costs.
Consumer goods satisfy wants directly, while capital goods satisfy wants indirectly.
What are capital goods and consumer goods?Capital goods are goods that are used to produce goods and services. They cannot be consumed directly. An example is machinery. Consumer goods are goods that can be consumed directly. An example is bread.
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Golda Rush quit her job as a manager for Home Depot to start her own hair dressing salon, Goldilocks. She gave up a salary of $40,000 per year, invested her savings of $30,000 (which was earning 5 percent interest) and borrowed $10,000 from a close friend, agreeing to pay 5 percent interest per year. In her first year, Golda spent $18,000 to rent a salon, hired a part-time assistant for $12,000 and incurred another $15,000 in expenses on equipment and hairdressing material. Based on this information, what is the amount of her explicit costs
The amount of her explicit costs is $45,500.
Which costs are explicit?Out-of-pocket expenses are charges that are actually made. Explicit costs include salaries that a company pays to its staff and office rent. Implicit costs are less obvious but no less significant. They stand for the opportunity cost of utilising resources the company already owns.
What are some explicit cost examples?Explicit costs have precise cash values that are carried over to the income statement. Wages, leasing payments, utilities, raw materials, and other direct costs are a few examples of explicit costs.
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One of the Federal Reserve's most powerful tools is its influence over _____, not its influence over _____. Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices the rate of inflation; expectations interest rates; the money supply interest rates; the rate of inflation expectations; the money supply
Some of Federal Reserve powerful tools is its influence over expectation and not its influence over supply.
What is the Federal Reserve?It is the United states central banking system that is responsible for the nation's monetary policy and regulating the supply of money and interest rates.
Hence, the Federal Reserve powerful tools in the banking system is its influence over expectation and not its influence over supply.
Therefore, the Option D is correct.
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An instrument that give their holders the right to purchase a certain number of shares of the firm's common stock at a specified price over a certain period of time is called
An instrument that gives its holders the right to purchase a certain number of shares of the firm's common stock at a specified price over a certain period of time is called stock purchase warrants.
What are stock purchase warrants?
Stock options are contracts that give the holder the freedom to purchase or sell a security at a certain price for a set period of time without being impacted by changes in the security's market price during that time.
A stock purchase warrant is another form of stock option.
An owner of a stock purchase warrant has the right to acquire shares of common stock at a given price (the exercise price of the warrant).
In order to make senior securities (preferred stocks and bonds) more marketable, warrants are frequently issued alongside them.
They may also be given out directly as part of the payment made to underwriters of new issues and other company promoters.
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A decrease in ________ can put your job at risk if aggregate expenditures fall. group of answer choices the inflation rate the natural rate of unemployment consumer confidence the length of a business cycle g
A decrease in consumer confidence can put your job at risk if aggregate expenditures fall.
What is consumer?Any person or group of persons who buy or utilize products or services only for their own consumption and not for production or resale are considered consumers. In the sales distribution chain, they are the final consumers.
Consumer are the important for the growth of the business. A company should maintain its existing customers and increase the new customers for the increment in the sales of its product.
Therefore, the decline in the consumer confidence can lead to the loss of the customer from the organization. It will result in the fall of the aggregate expenditure.
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Which of the following is not an advantage of owning mutual funds? A. All of the options are advantages of mutual funds. B. They offer small investors the benefits of diversification. C. They treat income as 'passed through' to the investor for tax purposes. D. They offer a variety of investment styles
(C) They treat income as 'passed through' to the investor for tax purposes.
What are mutual funds?A mutual fund is an investment vehicle that is professionally managed and collects money from a number of investors to buy securities. The phrase is frequently used in the US, Canada, and India, while open-ended investment companies in the UK and SICAVs in Europe are comparable global structures.Mutual fund distributions, whether made in the form of cash payments or reinvested in additional shares, must be taxed if shares are held in a taxable account. Following the end of each calendar year, the funds submit IRS Form 1099-DIV detailing distributions made to shareholders.Who are investors?A person who invests money does so in the hope of earning a profit or gaining an advantage in the future. The majority of the time, the investor purchases some kind of property using these assigned funds.What is tax?Tax compliance refers to policy actions and individual behavior aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs. A tax is a mandatory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or national). Around 3000–2800 BC, the first recorded taxation was enacted in ancient Egypt.Therefore, "(C) They treat income as 'passed through' to the investor for tax purposes" is not the advantage of owning mutual funds.
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the financial system consists of financial _____, such as commercial banks, and financial markets, such as the stock market.
The financial system consists of financial intermediaries, such as commercial banks, and financial markets, such as the stock market. This is further explained below.
What are financial intermediaries?Generally, financial intermediaries are simply defined as Banks, building societies, and unit-trust companies are all examples of financial intermediaries.
In conclusion, Institutions like commercial banks and marketplaces for trading financial instruments like stocks and bonds make up the financial system.
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A financial analysis comparing the potential gains from an investment against the potential losses is known as_______________
A financial analysis comparing the potential gains from an investment against the potential losses is known as Risk or ROI
What is Return on Investment (ROI)These is the amount of money generated from a business. Most financial analysis are analyzed by understanding the level of ROI generated by a business.
Most firm therefore compare their potential gains from an investment against the potential losses depending on the ROI and risk involved.
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Four companies computed their days' sales in inventory as follows: Company A: 47.2 Company B: 36.5 Company C: 45.1 Company D: 39.4 Which company is the most efficient and effective in managing its inventory
The most efficient and effective in managing its inventory is Company B.
Who is the most efficient?The days' sales in inventory is a financial ratio that measures the rate at which a firm is able to sell its inventory in a given year. The lower the ratio, the more efficient a firm is in selling its inventory.
Days' sales in inventory = number of days in a period / inventory turnover
Inventory turnover = cost of goods sold / average inventory
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Pastina Company sells various types of pasta to grocery chains as private label brands. The company's reporting year-end is December 31. The unadjusted trial balance as of December 31, 2021, appears below.
Account Title Debits Credits
Cash35,500
Accounts receivable43,000
Supplies3,000 Inventory63,000
Notes receivable23,000
Interest receivable0
Prepaid rent2,500
Prepaid insurance9,000
Office equipment92,000
Accumulated depreciation 34,500
Accounts payable 34,000
Salaries payable 0
Notes payable 53,000
Interest payable 0
Deferred sales revenue 3,500
Common stock 81,000
Retained earnings 36,000
Dividends7,000
Sales revenue 161,000
Interest revenue 0
Cost of goods sold85,000
Salaries expense20,400
Rent expense12,500
Depreciation expense0
Interest expense0
Supplies expense2,600
Insurance expense0
Advertising expense4,500
Totals 358,600 358,600 Information necessary to prepare the year-end adjusting entries appears below.1. Depreciation on the office equipment for the year is $10,300.2. Employee salaries are paid twice a month, on the 22nd for salaries earned from the 1st through the 15th, and on the 7th of the following month for salaries earned from the 16th through the end of the month. Salaries earned from December 16 through December 31, 2021, were $900.3. On October 1, 2021, Pastina borrowed $50,600 from a local bank and signed a note. The note requires interest to be paid annually on September 30 at 12%. The principal is due in 10 years.4. On March 1, 2021, the company lent a supplier $20,600 and a note was signed requiring principal and interest at 8% to be paid on February 28, 2022.5. On April 1, 2021, the company paid an insurance company $6,600 for a one-year fire insurance policy. The entire $6,600 was debited to prepaid insurance.6. $560 of supplies remained on hand at December 31, 2021.7. A customer paid Pastina $2,300 in December for 900 pounds of spaghetti to be delivered in January 2022. Pastina credited deferred sales revenue.8. On December 1, 2021, $1,200 rent was paid to the owner of the building. The payment represented rent for December 2021 and January 2022 at $600 per month. The entire amount was debited to prepaid rent.Prepare closing entries.
The necessary December 31, 2021, adjusting journal entries are: Debit Depreciation expenses $10,300, Credit Accumulated depreciation $10,300.
Journal entriesPastina Company Adjusting entries
Debit Depreciation expenses $10,300
Credit Accumulated depreciation $10,300
Debit Wages expense $900
Credit Wages payable $900
Debit Interest expense $1,518
($50,600 × 12% × 3/12)
Credit Interest payable $1,518
Debit Interest receivable $1,373
($20,600 × 8% × 10/12)
Credit Interest revenue
Debit Prepaid insurance $4,125
($6,600 × 15/24)
Credit Insurance expense $4,125
Debit Supplies expense $340
($900 − $560)
Credit Supplies $340
Debit Sales revenue $2,300
Credit Unearned revenue $2,300
Debit Rent expense $600
Credit Prepaid rent $600
Therefore the necessary December 31, 2021, adjusting journal entries are: Debit Depreciation expenses $10,300, Credit Accumulated depreciation $10,300.
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What type of credit involves a set number of payments at a set dollar amount for a fixed period of time?.
Installment credit involves a set number of payments at a set dollar amount for a fixed period of time.
What is installment credit?Installment credit is regarded as a method of credit where the repayment of the amount along with interest is made at regular intervals, and the periodic payments are also fixed. It is also known as EMI.
Hence, the significance of installment credit is aforementioned.
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according to the international data corporation (idc), what is that crucial ability that will make cloud computing essential for businesses to succeed, sustain, and compete in today’s markets?
According to the International Data Corporation (IDC), the crucial ability that will make cloud computing essential for businesses to succeed, sustain, and compete in today’s markets is D. Data-driven decisions.
What are data-driven decisions?A data-driven decision is the use of facts, metrics, and data to guide strategic business decisions to align with organizational future goals, objectives, and current initiatives.
Data-driven decisions enable organizations to observe real data and gain predictive insights, enabling the organization to achieve efficiency and effectiveness in its operations.
Thus, according to the International Data Corporation (IDC), the crucial ability that will make cloud computing essential for businesses to succeed, sustain, and compete in today’s markets is D. Data-driven decisions.
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Successful small business owners are: Group of answer choices not good sources for information on starting your own business because they generally do not understand failure. valuable sources for information since you can learn from their experiences. good but risky since their keen sense of sniffing-out something with potential will tempt them to steal your ideas. valuable sources of information, but you should proceed with caution because talking with someone who could eventually be your competitor may cross the line due to federal trade commission laws.
Successful small business owners are valuable sources for information since you can learn from their experiences.
What is a business?It should be noted that a business entails the production of goods and services to the consumers.
In this case, the successful small business owners are valuable sources for information since you can learn from their experiences.
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which is true of the influencers found among early adopters?
What is true about the influencers found among early adopters is that a. They are not focused on earning the respect of others.
Who are the influencers ?Influencer can be regarded as those that are found in life that involve themselves in endorsements and product placement .
These people are found in different organizations and have purported expert level of knowledge , however They are not focused on earning the respect of others.
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If government spending increases or personal income taxes decrease, what are the likely effects on output, price level, and interest rates?
Price Level / Output / Interest Rates
1) Increase / Increase / Decrease
2) Increase / Increase / Increase
3) Decrease / Increase / Decrease
4) Decrease / Decrease / Decrease
5) Decrease / Decrease / Increase
When there is an increase in government spending, there will be an increase on the output, price level, and interest rates
What is a government spending?This refers to the funds injected to the public sector on the acquisition of services such as education, healthcare, social protection, defense etc.
Most time, the effect of an an increase in government spending leads to an increase on the output, price level, and interest rates as it is a method of stimulate demand.
Therefore, the Option A is correct.
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Using a price skimming strategy, Apple stakes out a price and then maintains and defends that price by significantly increasing the value of their products in future iterations. Apple gives priority to profits over market share, making people starve for the new upgraded product. Apple's price skimming strategy is most often used for a new product when _______. a. the supply of the product is greater than its demand b. customers are unwilling to spend a large amount of money on the product c. competition in the market is abundant d. the product is perceived by the target market as having unique advantages
(D) The product is perceived by the target market as having unique advantages.
What is a price skimming strategy?When offering a product or service for the first time, a company can use price skimming as a pricing strategy. A company can profit from a higher price in the market and recoup its sunk costs more quickly by using this price skimming strategy and taking the excess profit before new competition emerges and drives down the market price. Setting high initial pricing and gradually lowering them has been a fairly standard technique for managers in developing markets. The process of price skimming is sometimes referred to as riding the demand curve.Therefore, apple's price skimming strategy is most often used for a new product when (D) The product is perceived by the target market as having unique advantages.
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A characteristic of the production era is:
A characteristic of the production era is that buyers of a particular goods and services accepts the nature of the goods even if unsuitable due to the level of its scarcity.
Concept of production era.The forms of era that will have can be production or sales oriented.
The production era shows that buyers of a particular goods and services accepts the nature of the goods even if unsuitable due to the level of its scarcity.
For the sales era, the manufacturers tends to produce more goods depending on the response of the buyers to the product.
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Efficiency is a measure of Multiple Choice the appropriateness of the goals that managers have selected for the organization to pursue. how productively resources are used to achieve a goal. the degree of novelty of innovation in products or production. how easily managers can alter the way they perform their activities to respond to actions of their competitors. the speed with which a manager responds to an unforeseen event in the organization.
Efficiency is a measure of B. how productively resources are used to achieve a goal.
What is Efficiency?Efficiency measures the ratio of economic output to the total input of resources.
Mathematically, efficiency can be expressed as r = P/C, where:
P = the amount of useful outputC = the cost of resources consumedR = Efficiency.Thus, Efficiency is a measure of B. how productively resources are used to achieve a goal.
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A company received a utility bill of $650 but did not pay it. Indicate the amount of increases and decreases in the accounting equation. (Decreases to account classifications should be entered as a negative.)
Based on the fact that the utility bill was received but not paid, the increases and decreases are:
Assets - $0Liabilities - +650Equity - (-650)What is the effect on the accounting equation?Liabilities will increase by the utility bill of $650 because the company owes this amount.
Equity will decrease by $650 because this expense will come out of revenue. The total assets will remain unchanged as a result of equity ad liabilities canceling each other out.
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