How would the purchase of a printer on account affect the accounting equation?
A) Assets increase; Liabilities decrease.
B) Assets increase; Stockholder Equity increases.
C) Assets increase; Liabilities increase.
D) Assets decrease; Liabilities increase.
C) Assets increase; Liabilities increase.
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Recurring costs include: hardware maintenance, software acquisition, software maintenance, insurance, supplies, personnel costs
Indicate whether the statement is true or false
______ is based on the receiver’s judgments of a source’s expertise on a particular topic.
Fill in the blank(s) with the appropriate word(s).
Answer the following statements true (T) or false (F)
1. Depreciation refers to the differences between assets and liabilities. 2. Nonprofits should have an operating budget, a capital budget, and a cash budget.
Flanders Bar and Grill orders cleaning supply kits using the EOQ model. The restaurant estimates that it uses 525 kits per year. The purchase price per kit is $12 with an estimated carrying cost rate of 15%. The cost to place an order from the kit supplier is $10. What is the optimal EOQ order quantity?
a. 212.5 b. 76.4 c. 525 d. 38.2