Latasha Jones decided to go into business for herself. As a talented Web designer, she decided to open a small consulting firm with $5,000 of her own money, for which she received common stock. Latasha borrowed $500 from her best friend to help get the business started, and in exchange, she gave her friend an I-owe-you (IOU). The company bought a state-of-the-art desktop computer, complete with the accessories and software needed to get the business off the ground, at a total cost of $6,000. The business required a separate phone line, which cost $450. Then, the company put an advertisement in the local newspaper, at a cost of $45 per month for weekly ads. The company was ready to go. There are 5 transactions and all of the payments were cash.

Answers

Answer 1

Answer:

Operating transactions are those that have to do with the normal day to day operations of the business such as expenses and revenue.

Investing activities have to do with transactions involving capital goods(fixed assets) as well as investments into the securities of other businesses.

Financing activities concern the provision of capital to the business to finance operations. It involves equity and debt.

FINANCING TRANSACTONS

1. $5,000 used to open the Consulting firm from Latasha's own money.

2. $500 borrowed from her best friend.

INVESTING TRANSACTIONS

1. $6,000 spent on state-of-the-art desktop computer (fixed asset).

OPERATING TRANSACTIONS.

1. Separate phone line which cost $450.

2. Advertisement in local newspaper of $45.

Answer 2

The beginning part of the question is;

Identify the transactions from the following story. For each, identify the transaction as operating, investing, or financing.

1. Financing transactions involves the provision of capital to finance the business operations. Examples are debt and equity.

$5,000 used to open the Consulting firm from Latasha's own money. $500 borrowed from her best friend.

2. Operating transactions are those daily(routine) operations of the business which includes expenses and revenue.

Separate phone line which cost $450.  Advertisement in local newspaper of $45                                  

3. Investing transactions are concerned with investment of capital goods(fixed assets) in the business and also investments into securities of other businesses.

$6,000 spent on state-of-the-art desktop computer (fixed asset).

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Related Questions

HELP
State the minimum monthly income and hourly wage per worker needed to cover monthly expenses for the family you used in part a. Then explain how to calculate the hourly wage based on the monthly income and state the hourly wage. Assume that each full-time worker works four 40-hour work weeks per month, and each part-time worker works two 40-hour weeks per month.

chart:
Housing = $938
Food = $598
Child Care = $769
Transportation = $1,042
Health Care = $699
Other Necessities = $620
Taxes = $741

Answers

If those listed in the chart are all monthly payments that would mean the total monthly payments would be $5407 per month meaning an income equal to or greater than $64,884 would be needed to sustain the lifestyle represented in the chart (given that no vacation/sick days were taken and no other contributing factors were considered)

How to calc :

(1)Hourly - # of weeks = 52 or 48

(2)# of weeks times 40 to get hours worked

(3)Depending on ans to (2) 64884/ans to (2) to calc hourly rate



On 52 week year ;

Part time hourly - $62.39

Full time hourly $31.20

On 48 week year (seems to be the one asked for even though it’s inaccurate)

Part time hourly - $67.59

Full time hourly - $33.80

Answer:

Full-time worker minimum monthly income = US$ 7,846.40, Part-time worker minimum monthly income  = US$ 7,846.40, Full-time worker hourly wage = US$ 49.04

Explanation:

When making a decison you should always go with your gut Instinct?
What makes the answer false?

Answers

Although, people say this is true it isn't. To make a correct decision you will need to think ahead. Consider the outcome of the situation and analyze the information you have to make a good decision. You don't always know what is right, this is why taking your time to make a decision is better.

Answer:

♡ greetings!  ♡

-- here's what i think is the answer

what makes the answer false is that your gut instinct is not always right. you shouldn't always go by what your gut is saying, you should think about it or listen to your heart. in some situations, maybe ask someone what you should do and what decision is best for you if your confused.

have a great day! ʕ •ᴥ•ʔ ♡

~ madeline/madi ✧・゚: *✧・ *:・゚✧*

Explanation:

The United States Army retains a history of all equipment acquisition from approval of requirements through funding, authorizing, fielding, and maintenance to equipment retirement. This data would be kept in a(n):

Answers

Answer:

Data Mart or info network

Explanation:

Which of these is a sign that you're dealing with someone engaged in unfair lending
practices?
O They charge inappropriately high interest rates, fees, and closing costs
O They contact you first
O They discourage you from reading loan documents
O They push you to apply for more than you can afford
O All of the above

Answers

Answer:

O All of the above

Explanation:

Honest and legitimate lenders require a borrower to be their client for a set period before they can advance credit to them. By the time the customer requests a loan, the lender will have some financial data to help them decide on the credit request.

Differentiating between a genuine and unfair lender is not that difficult. Unfair lenders are not interested in the borrower's ability to repay. They push a customer to sigh-up fast and for a high loan amount. The unfair lender aims at profiting from the collateral they receive as a guarantee for the loan. Genuine lenders are concerned about the risk involved in lending to a customer. They need some assurance that the client can repay.

What type of account is recommended for unexpected expenses?

Answers

Answer:

emergency fund

Explanation:

Click this link to view O*NET’s Tasks section for Heating and Air Conditioning Mechanics and Installers. Note that common tasks are listed toward the top, and less common tasks are listed toward the bottom. According to O*NET, what are some common tasks Heating and Air Conditioning Mechanics and Installers perform? Check all that apply.

joining pipes or tubing to equipment and to fuel, water, or refrigerant source
pumping oil from a well into a pipeline for transmission
overseeing the activities of workers in a hydroelectric power plant
testing pipe, or tubing joints or connections for leaks
reassembling and testing equipment
testing electrical circuits or components

Answers

Answer:

A, D, E , F

Explanation:

Just finished the assignment.

Answer:

The correct answer is A C D F

Explanation:

hy plz help me. why do people run a business?​

Answers

Answer:

to make more money

Explanation:

to sustain and earn a lot of money and live comfortable in life

Answer: Usually, the reason why people want to run a business or having business ownership is because it offers to having a unique business idea or passion they want to bring to life.

Explanation: There are also financial benefits to consider along with the ability to gain new skills and put existing ones to use. The primary purpose of a business is to maximize profits for its owners or stakeholders while maintaining corporate social responsibility.


Match the sub-specialization to their definitions.
-auditing
-taxation
-environmental accounting
-forensic accounting

Answers

Answer:

forensic accounting- Working within companies or as a

consultant to detect bookkeeping

errors, embezzlement, and

fraudulent financial reporting.

environmental accounting- Involves a relatively new field in

which specialists help companies

manage their CSR initiatives.

taxation- Researching and inspecting all

summary reports to insure full

compliance with all state and

federal reporting requirements.

auditing- Handles all reporting and

documentation submissions

to local, state, and federal

tax agencies.

Explanation:

i think these are right the last two im really not sure of sorry if wrong.

Answer:

In this exact order

forensic accounting-

environmental accounting-

auditing-

taxation-

Explanation:

Which career do you think it would be most difficult to break into and why?

Answers

Answer:

Professional athlete

Explanation:

A lot of work and not a lot of free-time.

Nurses (




Nursing is an incredibly stressful career. ... In fact, stress and burnout affect 10-70% of nurses.

What amount do you need to invest to obtain $20,000 at 6 percent simple interest per year, after ten years?


You need to invest $___________

at 6 percent simple interest to obtain $20,000 after 10 years.
(This is a Plato question)

Answers

Answer:

12500

Explanation:

6% of 12500 is 750 and 750 times 10 is 7500 and 7500 plus 12500 is 20000

We need to invest $12500 at 6 percent simple interest to obtain $20,000 after 10 years. 6% of 12500 is 750 times 10 is 7500 and 7500+12500=20000.

What is simple interest?

Simple interest is an interest charge that borrowers pay lenders for a loan. It is calculated using the principal only and does not include compounding interest. Simple interest relates not just to certain loans. It's also the type of interest that banks pay customers on their savings accounts.

The formula to determine simple interest is an easy one. Just multiply the loan's principal amount by the interest rate by the term. This type of interest usually applies to automobile loans or short-term loans, although some mortgages use this calculation method. Simple interest is calculated by multiplying loan principal by the interest rate and then by the term of a loan.

Simple interest can provide borrowers with a basic idea of a borrowing cost.

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Melanie graduated from the college of business at the university of Arizona. What Typer of higher education institution did she attend?

Answers

Answer:

A university

Explanation: done deal

Answer:

B.  

A university

Explanation:

Melanie graduated from the College of Business at the University of Arizona. What type of higher education institution did she attend?

Amerigo grew up speaking both English and Italian with his family, and he believes that knowledge of more than one language is a valuable tool. He also believes that the best way to introduce students to a new language is in small groups or in one-on-one conversations. However, his son’s high school offers only one introductory Italian class, which is usually filled with more than 30 students.



Who could Amerigo work with to help provide one-on-one Italian instruction for students?

a. Amerigo could work with instructional designers, publishers, and public university administrators to provide the books, online resources, and language expertise to the school’s Italian teacher.

b. Amerigo could work with school administrators, the principal, and private tutors to find the time, money, and classroom space for tutors to give after-school Italian lessons.

c. Amerigo could work with the Italian teacher, instructional coordinators, and school librarians to organize an area in the library that is filled with books about Italy and Italian literature.

d. Amerigo could work with the state and local government and school district administrators to create a program in which high school students are required to take more than one language class.

Answers

Answer:

Amerigo could work with school administrators, the principal, and private tutors to find the time, money, and classroom space for tutors to give after-school Italian lessons.

Explanation:

got 100% on the unit test

Answer:

The correct answer is B) Amerigo could work with school administrators, the principal, and private tutors to find the time, money, and classroom space for tutors to give after-school Italian lessons.

(well should be)

Write a 6 paragraph essay on the importance of economic growth

Answers

Answer:

*insert long essay*

Explanation:

A persuasive letter should begin with _____.

facts and examples
counterarguments
expert opinions
a clear statement of position

Answers

Answer: A persuasive letter should begin with  a clear statement of position

Explanation: In a business letter, state your purpose at the beginning. Then develop your "case" with facts, examples and expert opinion. Use counter arguments if necessary, then restate/request consideration of the course of action you desire.

A persuasive letter should begin with a clear statement of position. The correct option is D. Students should choose a topic for their persuasive essay before gathering supporting evidence, writing their opinion statement, topic sentences, and call to action, and organizing their reasons and opinions into a list.

What is in a persuasive introduction?

This section outlines the issue, the reason the reader should care, and the main idea you want to convey (your thesis statement). Counterargument: You should include the counterargument or the argument that those who disagree with your point of view will make, early in your essay.

Start a persuasive letter by outlining your main argument in the first few sentences so that it is obvious what you are trying to accomplish. Add supporting information, such as facts, quotations, and statistics, to emphasize the significance of your request.

Thus, the ideal selection is option D.

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4. Which of the following statements is true about debits?
a) Debits show an increase in what a company owns or a decrease in what it owes.
b) A debit to an asset account shows a decrease.
c) A debit to a liability account shows an increase.
d) Debits show a decrease in what a company owns or an increase in what it owes.

Answers

Answer:

I believe the answer is d

QUESTION 3 of 10: Last month, sales in the following categories were: Promotional items ($1,401 with returns of $214 and discounts of
$159), Staple items ($2,306 with returns of $178), All other items ($2,298 with returns of $56). The total square footage of selling space is
5,000 square feet. Compute the sales per square foot of selling space.
ОООО
a) $0.78/square foot
b) $1.08/square foot
c) $1.54/square foot
d) $1.67/square foot

Answers

Answer:

b) $1.08/square foot

Explanation:

The sales per square foot will be the net sales/total square feet.

Net sales :

promotional items = sales - returns- discount

=$1,401 - $214 -  $159

=$1028

Staple items = sales -returns

= $2,306- $178

=$2,128

Other items

= $2,298- $56

=$2,242

Total net sales = $1028 + $2,128 + $2,242

=$5,398

The sales per square foot of selling space will be

=$5,398/5000

=$ 1.079

=$1.08

PLEASE HELP ME I AM TIMED WILL MARK BRAINLIEST!!!!!!!!!!
During his annual job performance review, Tim’s supervisors said he was skilled at interviewing people and could act quickly in an emergency. However, they wanted him to become more proficient using weapons and other tools.



What is most likely Tim’s career?

Firefighter
Crossing Guard
Magistrate Judge
Police Officer

Answers

Answer:

policer Officer

Explanation:

This graph compares consumer expenditures in three American cities from 2007 to 2010.

A graph titled Average Household Consumer Expenditures from 2007 to 2010 has year on the x-axis, and average yearly spending on the y-axis. San Francisco had the highest spending, then Cleveland, and then Houston had the lowest spending.
The best inference that can be made based on the graph is that

Answers

Answer:

its c

Explanation:

your welcome

The best inference that can be made based on the graph is that jobs in San Francisco may have higher salaries to offset the cost of living. Thus option (c) is correct.

What is job?

A job is a type of employment where a person works in exchange for payment or compensation. Jobs can come in various forms, including full-time, part-time, temporary, freelance, and contract work.

The tasks and responsibilities of a job vary depending on the industry, company, and position. Jobs can be found in various sectors, including healthcare, finance, education, technology, and manufacturing, digital marketing and digital gaming among others at national and international level.

On the basis of graph, we can say that  jobs in San Francisco may have higher salaries to offset the cost of living. Therefore, option (c) is correct.

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what happens to the APR after 10 months

Answers

Answer: Once your 0% introductory APR period is over, you'll be charged a new interest rate and may even owe interest on any unpaid balance from before.

Explanation:

i think that's what you mean

Which employees typically work in an office environment within schools? Check all that apply.

a. School Psychologist
b. School Secretary
c. Instructional Designer
d. Tutor
e. Librarian
f. Teacher

Answers

Answer:

b. School Secretary

e. Librarian

f. Teacher

Explanation:

A school secretary, Librarian, and the teacher are full-time employees in a school. They spend most of their day in school and have offices within the school environment.

School Psychologist, Instructional Designer, and tutor work a few hours in a school. They are unlikely to have offices in the school.

Answer:

B, E, F

Explanation:

1. According to the table, what has the investor done with money earned through interest?

2. From looking at the table, explain the concept of compound interest.

3. According to the table, if the interest rate on this account were 10 percent, how much money would you have in the account at the end of the first year?

4. According to the table, if you added $50 to this account every year, what effect would it have on the interest rate that you earned?

5. According to the table, the investment has doubled in worth by the start of which year?

Answers

Answer:

1. According to the table, the customer leaves the money earned through interest to be added to the principal, to serve as the new principal on which an interest is calculated for the next period or year

2. Compound interest is the interest calculated based on a principal that is the addition of the previous interest to the previous beginning principal. The compound interest can also be called the interest on interest or the interest due to reinvestment of the interest added to the initial amount of each period

3. If the interest rate was 10% rather than 5%, then, with a principal of $100.00 the interest will be $100 × 10/100 = $10, and the total in the account will be $100.00 + $10.00 = $110.00

4. If $50 is added to the account every year, it will increase the interest, but the interest rate will stay the same

5. The investment has more than doubled in worth from $100.00 to $207.90 at the start of the 15th year

Explanation:

Which of the following is a general two-year college-level degree?

a master's degree
an associate's degree
a bachelor's degree
a technician's degree

Answers

Answer:

an associate's degree

Explanation:

An associate's degree is an undergraduate, two-year degree program. The associate degree transposes into the first two years of a bachelor's degree. It intends to equip students with the necessary technical skills and academic knowledge required in the workplace. An associate degree prepares a student for further study in their chosen field.

A bachelor's degree takes four years, while a master's degree requires getting a bachelor's degree first.

Answer:

b

Explanation:

7. If you make $35,000.00 a year and your company buys accidental life insurance for you that covers your life with 3x coverage, how much would your beneficiary receive if you accidentally die?

Answers

Answer:

$105,000.00

Explanation:

3x 35,000.00= 105,000.00

Which website allows individuals to search for suitable job profiles and employers?

Answers

Answer:

LinkedIn is a good site

Explanation:

Select the correct answer.
When will the Social Security fund dry up at its current level?
A. 2022

B. 2027

C. 2042

D. 2097

E. 2117

Answers

C 2042?????????????????????????????

The Social Security fund dry up at its current level in 2042. Thus, option C is correct.

What is Social security?

Social Security is a pay-as-you-go system in which revenues and any cumulative surplus support all benefits; payroll tax payments are not set aside for future payouts to a specific taxpayer.

Current employees will continue to receive Social Security payments when the trust fund's reserves run out in 2034, but future retirees may only get 78% of their full benefits unless Congress acts.

On August 14, 1935, US President Franklin D. Roosevelt signed the Social Security Act into law. Yet, it will take more time for the Social Security program to become the backbone of the United States' social safety net.

Employees and companies pay a specific payroll tax to finance Social Security benefits. Hence, option C is correct.

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The Hull Petroleum Company and Inverted V are retail gasoline franchises that compete in a local market to sell gasoline to consumers. Hull and Inverted V are located across the street from each other and can observe the prices posted on each other's marquees. Demand for gasoline in this market is Q= 80-12 and both franchises obtain gasoline from their supplier at $410 per gallon. On the day that both franchises opened for business, each owner was observed changing the price of gasoline advertised on its marquee more than 10 times: the owner of Hull lowered its price to slightly undercut Inverted V's price, and the owner of Inverted V lowered its advertised price to beat Hull's price. Since then, prices appear to have stabilized. Under current conditions, how many gallons of gasoline are sold in the market, and at what price? Instructions: Enter your responses rounded to the nearest two decimal places Gallons sold: Price: $

Answers

Answer:

I believe that the demand equation is incomplete, since there is no price (P).

If we just solve this equation like it is, the quantity demanded = 80 - 12 = 68 gallons

if we add the price into the equation:

Q = 80 - 12P

since this is a competitive market, in order to maximize profits, marginal revenue = marginal cost = $4.10 per gallon (not $410).

That means that both companies will sell gasoline at $4.10 per gallon

equilibrium quantity = 80 - (12 x 4.10) = 30.8 gallons of gasoline

What do quotas and embargoes have in common?

They both tend to raise prices.
They both affect imports from certain countries.
They both set limits on imported goods.
They both frequently result in domestic shortages.

Answers

Answer:

They both set limits on imported goods

Explanation:

An embargo is an order placed by a government restricting or prohibiting trade with another country. An embargo may be issued on specific goods only or wholesome trade with the country or region.

A quota is also an order issued by a government that limits the volume of goods or services that can be imported. The quota may limit the volume in quantity or in monetary value. Importing beyond the limit becomes illegal.

Both embargo and quota place restrictions on imports to a country.

Answer: C or They both set limits on imported goods.

Explanation: Edge2023

​Officer Desai has been called to the scene where a recent model dark blue four-door BMW automobile is sitting on the shoulder of the road, unoccupied, with apparently recent damage to the front bumper of the vehicle and shell casings on the driver's seat. There is nobody around the car. When the officer's sergeant arrives they discuss what to do about the car. If this vehicle matches the description of a vehicle stolen that morning from a bank parking lot, they:

Answers

Answer:

Explanation:

In this type of situation, the Sergeant should report the car as found, then look for any evidence that may be of importance in connecting the dots as to what happened. This evidence may include the shell casings to know what type of gun was fired, or even any documentation or personal belongings left by the individuals who were driving the car. All of this information can be vital to solving what exactly happened.

What percentage of job opening are published?
a 10% 15%
C. 3096 - 359
d. 35% 40%
Please select the best answer from the choices provide

Answers

wait:( is there's no b because my answer on my own work is b

How many activities do marketers perform?

Answers

Answer:

74 Activities

Explanation:

Answer: 100s.

Explanation: Marketers perform hundreds of activities.

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Which BEST explains why the zoetrope had very simple figures?A)Animation was not intended to tell stories.B)Copyright prevented the creation of characters.C)Audiences could not handle sophisticated plots.D)It could only show movement for one figure or scene. Fill in the blanks with have or has where it need and match.1. A girl..... glue.2. A boy.... a globe and many books.3. A boy..... a notebook and a pencil.4. Three girls.....an apple,some books and pencils.5. A girl..... a red apple.6. A boy.... a pencil,an apple and a toy bear.7. The girl..... blank hair.8. A girl.... two books.9. A girl...... a pink schoolbag.10. Two girls....... two apples. Which is the advantage of water's heat capacity? Solve for q.-0.07(q - -6) + -4.67 = -5.3Yall please help :) pls help asap plsss The 2020 Ford police interceptor has a max acceleration of 4.4 m/s2. If a policeperson is sitting onthe roadside when a speeding car passes them at 70 mph (31.3 m/s), and the policeperson takes offat max acceleration 1 second later, will they be able to catch the speeder in 10 seconds? (Show work) CAN SOMEONE ANSWER 22-28 PLEASE!!!!!!!!!!!!! 8. During the Enlightenment, a number of writers explored the relationship between governments and the people they governed. For example, Rousseau wrote The Social Contract in which he examined ideas about the majority of people and the common good of man. A right rectangular prism is packed with cubes of side length inch. If the prism is packed with 12 cubes along the length, 8 cubes along the width, and 5 cubes along the height, what is the volume of the prism? 1) cubic inches2) cubic inches3) cubic inches4) cubic inches Which plant system transports sugars from the leaves to the roots? select the factored form of this expression if it cannot be factored select already factored 2x-4(A) already in factored form(B) 2(x^2-2)(C) (2x-2)(2x+2)(D) 2x(x-2) 6th-grade history of EgyptWho mostly built the Egyptian pyramids?A. unskilled workersB. captured enemiesC. farmersD. soldiers plz refer and no nonsense An electrician charges a base fee of $70 plus $50 for each hour of work. The minimum the electricin charges is $170. Create a table that shows the amount the electrician charges for 1, 2, 3, and 4 hours of work. Determine the domain and range of the relation in context and explain whether or not this represents a function. The domain values are , , , and . (Blanks 1 - 4)The domain is the (student age/number of pets) . (Blank 5)The range values are , , , and . (Blanks 6 - 9)The range is the (student age/number of pets) . (Blank 10)This relation (is / is not) a function. Can someone help me with this?-- 15 pts!2H2 + O2 2H2OAt the beginning of the reaction, it is measured that there are 15.0 g of hydrogen (H2) and 97.0 g of oxygen (O2).What is the theoretical yield for the water that will be produced in the reaction? (M H2O = 18.0 g/mol; M CH4 = 16.0 g/mol)2.73 x 101 g H2O1.34 x 102 g H2O1.08 x 102 g H2O5.38 x 100 g H2O The giant Pacific octopus has three hearts, nine brains and blue blood, making reality stranger than fiction. A central brain controls the nervous system. In addition, there is a small brain in each of their eight arms a cluster of nerve cells that biologists say controls movement.is this true or false? Im givin brainliest and 100 points to the first person who answers thisThe equation I equals P times r t gives the amount of interest a bank account receives after a certain period. An individual invests $6,000 into an account that receives 7% interest. How much time has passed if the amount of interest is $3,360? Read the excerpt from Abraham Lincolns "1859 Autobiographical Statement for the Chester County Times."I was raised to farm work, which I continued till I was twenty two. At twenty one I came to Illinois, and passed the first year in Illinois-Macon county. Then I got to New-Salem, (at that time in Sangamon, now in Menard county), where I remained a year as a sort of Clerk in a store. Then came the Black-Hawk war; and I was elected a Captain of Volunteersa success which gave me more pleasure than any I have had since.Based on this excerpt, readers can visualize Lincoln as A strong and hardworkingB curious and intellectualC friendly and outgoingD adventurous and daring Identify the career cluster being described in each example.plants, animals, farming, and resources in nature:organization and direction of companies and other organizations:management of money, and things that are worth money:medical care and treatment: Find the point of intersection by graphing each of the following lines: x+y=4x+2y=6