Determine the effect of the listed transactions of nikea inc. on the accounting equation. nikea inc. provided advisory services to xyz inc. in may 2013. nikea billed xyz for $10,000 in the same month (may). the sales invoice shows that the amount will be due in june. a. in may 2013, nikea recorded the transaction by debiting accounts receivable for $10,000 and crediting service revenues for $10,000. what is the effect of this entry on the accounting equation?

After graduation, you plan to work for dynamo corporation for 12 years and then start your own business. you expect to save and deposit $7,500 a year for the first 6 years (t = 1 through t = 6) and $15,000 annually for the following 6 years (t = 7 through t = 12). the first deposit will be made a year from today. in addition, your grandfather just gave you a $32,500 graduation gift which you will deposit immediately (t = 0). if the account earns 9% compounded annually, how much will you have when you start your business 12 years from now?

Why is investing in a mutual fund less risky than investing in a particular company’s stock?

Xinhong company is considering replacing one of its manufacturing machines. the machine has a book value of $39,000 and a remaining useful life of 5 years, at which time its salvage value will be zero. it has a current market value of $49,000. variable manufacturing costs are $33,300 per year for this machine. information on two alternative replacement machines follows. alternative a alternative b cost $ 115,000 $ 117,000 variable manufacturing costs per year 22,900 10,100 1. calculate the total change in net income if alternative a and b is adopted. 2. should xinhong keep or replace its manufacturing machine