Laura J Set Up a Part-Time Business 'Speedy Window Cleaning

question 37

Multiple Choice

Laura J set up a part-time business 'Speedy Window Cleaning' by depositing
$6000 into a business bank account. Which of the following represents the effect of this transaction on the accounting equation?

• A) Increase in assets of $6000; increase in equity of $6000.
• B) Increase in assets of $6000; decrease in equity of $6000.
• C) Increase in assets of $6000; increase in liabilities of $6000.
• D) Decrease in assets of $6000; increase in equity of $6000.

Calculate list price given net price and trade discount.

Understand and apply the concept of trade discounts.

Calculate trade discount rate given list and net prices.

Calculate list price given the amount of trade discount.

---

Definitions:

Audience Shock

A reaction from the audience that occurs when they are presented with unexpected, surprising, or shocking information or content.

Direct Approach

A communication method where the main point or important information is presented at the beginning.

Communicating Bad News

The delicate process of delivering unfavorable or disappointing information in a way that minimizes negative impact.

Message Shortness

The practice of making communications brief and to the point, often to improve clarity or efficiency.