You should consider a person's a. Grade in the class b. Personality before asking them to join your study group. C. All of these d. None of these ​

Answers

Answer 1

All of these

Hope it will helps you!


Related Questions

HELP ME PLEASE!!
When practicing a speech, you should attempt to make your voice as deep as you physically can.
A.
True
B.
False

Answers

your answer is FALSE

Onslow Co. purchases a used machine for $240,000 cash on January 2 and readies it for use the next day at an $10,000 cost. On January 3, it is installed on a required operating platform costing $2,000, and it is further readied for operations. The company predicts the machine will be used for six years and have a $28,800 salvage value. Depreciation is to be charged on a straight-line basis. On December 31, at the end of its fifth year in operations, it is disposed of.
1. Prepare journal entries to record the machine's purchase and the costs to ready and install it. Cash is used for all costs incurred.
Record the the costs of $10,000 cash incurred on the used machine
Record the costs of $2,000 for an operating platform
2
2. Prepare journal entries to record depreciation of the machine at December 31.
(a) Its first year in operation.
(b) The year of its first disposal

Answers

Answer:

A. 2-Jan

Dr Machinery $240,000

Cr Cash $240,000

3-Jan

Dr Machinery $10,000

Cr Cash $10,000

3-Jan

Dr Machinery $2,000

Cr Cash $2,000

B. Dec 31

Dr Depreciation expense- machinery $37,200

Cr Accumulated Depreciation- machinery $37,200

Dec 31

Dr Depreciation expense- machinery $37,200

Cr Accumulated Depreciation- machinery $37,200

Explanation:

A. Preparation of the journal entries to record the machine's purchase and the costs to ready and install it

2-Jan

Dr Machinery $240,000

Cr Cash $240,000

(Being machinery purchased)

3-Jan

Dr Machinery $10,000

Cr Cash $10,000

(Being expenses paid for machinery readies)

3-Jan

Dr Machinery $2,000

Cr Cash $2,000

(Being installation charges paid)

B. Preparation of journal entries to record depreciation of the machine at December 31.

Dec 31

Dr Depreciation expense- machinery $37,200

Cr Accumulated Depreciation- machinery $37,200

[($252,000 - $28,800) / 6]

($240,000+$10,000+$2,000=$252,000)

Dec 31

Dr Depreciation expense- machinery $37,200

Cr Accumulated Depreciation- machinery $37,200

[($252,000 - $28,800) / 6]

Kathy is 42 years old and has been diagnosed with a rare case of early onset Alzheimer's disease. While there are drugs that can control her condition, there is no known cure. When she reads a newspaper article that a claimed cure has been discovered in Sweden, she requests the drug from her doctor who informs her that the drug is not legal in the United States and cannot be purchased outside of Sweden. Kathy files a lawsuit in federal court to allow her to purchase and use the drug. The federal district court determines that the case must be suspended and referred to the Food and Drug Administration for initial review and determination. What is the doctrine that the district court justice is following?
A. Determining proper standing
B. Exhaustion of remedies
C. Primary jurisdiction
D. Judicial delegation
E. Judicial review

Answers

Answer:

e I think if not I'm sorry

The district court justice's judicial review doctrine. Thus option (C) is correct.

What is court?

A court is any person or institution with the jurisdiction to arbitrate legal disputes between parties and administer justice in civil, criminal, and administrative affairs in conformity with the rule of law. A court, often known as a court of law, is a person or group of people with the legal jurisdiction to hear and settle disputes in civil, criminal, ecclesiastical, or military issues.

The District Court handles significant criminal offenses including burglaries, offenses, assaults, serious fraud, commercial theft, and assaults. Additionally, the District Court has unrestricted jurisdiction over claims for damages for personal injury and adjudicates civil claims up to $750,000.

Therefore, Thus option (C) is correct.

Learn more about the court here:

https://brainly.com/question/13375489

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The Mountain Springs Water Company has two departments, Purifying and Bottling. The Bottling Department had 3,840 liters in beginning work in process inventory (30% complete). During the period 64,880 liters were completed. The ending work in process was 5,160 liters (70% completed). All inventories are costed by the first-in, first-out method. What is the total equivalent units for direct materials (using the FIFO method) if materials were added at the beginning of the process

Answers

Answer:

Total equivalent units of materials  = 64,652

Explanation:

Equivalent units are useful to apportion cost between work in progress and completed units. They are notional whole units which represent incomplete work

Equivalent Units = Degree of work completed (%) × inventory units

Fully worked = 64,880- 3,840= 61,040

Items                        units         workings              Equivalent units

Opening inventory   3,840         3840× 70% =    2,688

Fully worked             61,040       61,040× 100 =    61,040

Closing WIP               5,160           5,160× 70% =   3,612

Total equivalent units of materials                       64,652

Total equivalent units of materials  =64,652

Arkansas Co. believes in the international Fisher effect. It has excess funds that it can invest in money market securities for one year. It can invest in the U.S. at an interest rate of 4%, Japan at an interest rate of 2%, the United Kingdom at an interest rate of 6%, or Brazil at an interest rate of 9%. It would not cover any investment that it takes against exchange rate risk. Its expected return on its investment will be highest in_________________.

Answers

Answer: It would be the same across all the countries.

Explanation:

The Fischer effect is used to describe the relationship that a country's interest rates and its exchange rate. That relationship is such that the differences between the different interest rates offered in various countries is captured by their exchange rate.

That means that whatever gains are made in interest rates will be eroded when the currency it was made in is converted to the local currency of the investor. As this company took no cover against exchange rate risk, all the countries are effectively offering the same rate as a result of the Fisher effect.  

Robert and Mary file a joint tax return for 2020 with adjusted gross income of $34,000. Robert and Mary earned income of $20,000 and $14,000, respectively, during 2020. In order for Mary to be gainfully employed, they pay the following child care expenses for their 4-year-old son, John: Union Day Care Center for John $1,700 Wilma (Robert's mother) for babysitting John $1,000 What is the amount of the child and dependent care credit they should report on their tax return for 2020 (assume no tax liability limitation)

Answers

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Hemisphere Electric may purchase equipment to manufacture a new line of wireless devices for home appliance control. The first cost of the equipment will be $90,000, and the life of the equipment is estimated to be 6 years with a salvage value of $10,000. Different people in marketing have provided revenue estimates that the devices will generate. The estimates range from a low of $10,000 to a high of $20,000, with an average of $16,000 per year. If the MARR is 7% per year, use PW to determine if these different estimates will change the decision to purchase the equipment.
The present worth of low estimate range is $___.
The present worth of average estimate range is $___.
The present worth of high estimate range is $___.
The $10,000 revenue estimate____to select the purchase.
The $16,000 revenue estimate____the purchase.
The $20,000 revenue estimat____the purchase.

Answers

Answer:

hi how are you doing today Jasmine

Droz's Hiking Gear, Inc. has found that its common equity capital shares have a beta equal to 2.5 while the risk-free return is 9 percent and the expected return on the market is 14 percent. It has 7-year semiannual maturity bonds outstanding with a price of $787.22 that have a coupon rate of 8 percent. The firm is financed with $120,000,000 of common shares (market value) and $80,000,000 of debt. What is the after-tax weighted average cost of capital for Droz's, if it is subject to a 30 percent marginal tax rate

Answers

Answer:

see explanation

Explanation:

Weighted Average Cost of Capital (WACC) is the cost of a firm from permanent sources of capital pooled together.

WACC = Cost of equity x Weight of equity + Cost of Debt x Weight of Debt + Cost of Preference Stock x Weight of Preference Stock

where,

Cost of equity = Return on Risk free rate + Beta x Risk Premium

                        = 9.00 % + 2.5  x (14.00 % - 9.00%)

                        = 21.50 %

Cost of debt :

similar

N = 7 x 2 = 14

p/yr = 2

pmt = ($787.22 x 8%) ÷ 2 =

fv = $787.22 x number of bonds

pv = $80,000,000

Always use the after tax cost of debt :

after tax cost of debt = interest x ( 1 - tax rate)

Lucci Inc. is a retailing firm specializing in high-end merchandise. Each of Lucci's stores uses the retail inventory method by applying the average-LCM alternative. The information below pertains to one department within its Scottsdale, Arizona store. You will use this information to determine ending inventory and cost of goods sold for financial reporting purposes. Assume no inventory shrinkage, and a periodic inventory system.
Beginning inventory of merchandise
Cost, $40,000
Retail, $360,000
Purchases during the period
Cost, $1,000,000
Retail, $10,000,000
Transportation in, $50,000
Transportation out, $32,000
Purchase returns
Cost, $20,000
Retail, $196,000
Net additional markups, $800,000
Net markdowns, $500,000
Sales, $9,800,000
Using the information above, compute the amounts to be reported in the financial statements for ending inventory and cost of goods sold for the department. The spreadsheet below has been started for you. Line items have been entered in column A. In columns B and C, enter appropriate amounts as well as intermediate subtotals directly below the amounts leading to the subtotal. Include the cost to retail calculation as well as your two amounts for financial statement reporting. Round the cost to retail ratio to four decimal places and include the "0" preceding the decimal point. Enter 0 where no other entry is appropriate.
A1 lock copy cut paste
A B C
1 Line Item Description Cost Retail
2 Beginning inventory $40,000
3 Purchases
4 Transportation in
5 Purchases returns
6 Net purchases
7 Net additional markups
8 Cost to retail ratio components
9 Net markdowns
10 Sales
11 Ending inventory, retail
12 Set up Calculation
13 Cost to retail ratio
14 Ending inventory, cost
15 Cost of goods sold

Answers

Answer:

1 Line item description                Cost                Retail

2 Beginning inventory                 40000            360000

3 Purchases                                  1000000        10000000

4 Transportation in                       50000

5 Purchase returns                      -20000          -196000    

6 Net purchases(3+4+5)             1030000        9804000

7 Net additional markups                                    800000    

8 Cost to retail ratio                     1070000       10964000

  component(2+6+7)

9 Net markdowns                                                -500000    

10 Sales                                                                  -9800000    

11 Ending inventory,retail(8+9+10)                       664000

Setup calculation:

Cost to retail ratio = Cost to retail ratio component at cost/Cost to retail ratio component at retail

= 1070000/10964000

= 0.097592

= 9.76%

Ending inventory,cost = Ending inventory,retail*Cost to retail ratio

= 664000*9.76%

= $64806

Cost of goods sold = Sales*Cost to retail ratio

= 9800000*9.76%

= $956480

اقرأ الفقرة التالية واجب عن الأسئلة التي تليها .33
نفترض انك تقدمت بطلب من بنك البحرين الإسلامي لتمويل مشروعك الخاص والحصول على تمويل بقيمة
5400 دينار بحريني، حيث ستكون مدة التمويل 6 سنوات و بسعر فائدة وقدرها 8% سنوية بالإضافة الى
.مصاريف إدارية 65 دينار والتأمين على القرض 115 دينار
Enter your answer
* :قيمة الفائدة السنوية -1
.34
(2 Points)
Enter your answer
* :قيمة الفائدة الإجمالية -2
.35
)
(2 Points)

Answers

Answer:

الدينار البحريني، (بالإنجليزية: Bahraini dinar)‏، هو عملة البحرين.[1][2][3] يقسم الدينار إلى 1000 فلس. وهو مرتبط بالدولار الأمريكي.

البلد البحرينتاريخ الإصدار1965رمز العملةد.برمز الأيزو 4217BHDالمصرف المركزيمصرف البحرين المركزيموقع المصرف المركزيمصرف البحرين المركزيسعر الصرف2 دولار أمريكي (22 نوفمبر 2016)

2.65957446809 دولار أمريكي

10 روبية خليجية  العملات المعدنية1⁄2, 5, 10, 25, 50, 100 (500 فلس)العملات الورقية1⁄2, 1, 5, 10, 20 د.ب.الموقع الرسميwww.cbb.gov.bhتعديل مصدري - تعديل 

يبلغ سعر صرف الدينار البحريني 2.6526 الدولار الأمريكي، أو 1 دولار يعادل 377 فلس.

At December 31, 2021 and 2020, Cow Co. had 117,000 shares of common stock and 6,700 shares of 3%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2021 or 2020. Net income for 2021 was $670,000. For 2021, basic earnings per share was: Multiple Choice $2.01 $5.38 $8.73 $5.55

Answers

Answer:

$5.55

Explanation:

Calculation to determine what the basic earnings per share was

Using this formula

EPS=Net income-(Value cumulative preferred stock percentage*Net income)/Shares of common stock

Let plug in the formula

EPS=$670,000-(3%*$670,000)/117,000

EPS=$670,000-$20,100/117,000

EPS=$649,900/117,000

EPS=$5.55

Therefore For 2021, basic earnings per share was: $5.55

A study by the Environmental Protection Agency looked at the costs and benefits of the Clean Air Act from 1970 to 1990. This study found that a middle-range estimate of health and other benefits of cleaner air were valued at $22 trillion. This amount was about __________________ than the costs of reducing pollution, which was around $500 billion, in the same period.

Answers

Answer: d. 44 times higher

Explanation:

The benefits of cleaner air was $22 trillion and the cost of reducing pollution was $500 billion.

The number of times that you would have to multiply this cost of reducing pollution to get to the benefits of cleaner air is:

= 22 trillion / 500 billion

= 22,000 billion / 500 billion

= 44 times higher

Consider the following $1000 par value zero-coupon Treasury bonds: Bond Years to Maturity Yield to Maturity A 1 4.00% B 2 4.50% C 3 5.11% D 4 5.86% E 5 6.25% The expected 2-year interest rate three years from now should be __________. Enter your answer in percent to the nearest hundredth, for example if your answer is .25432, enter 25.43.

Answers

Answer: 7.98%

Explanation:

This deals with spot rates and forward rates. The 2 year interest rate three years from now is the 2 year forward rate, 3 years from now.

It can be calculated through the relationship below:

(1 + 5 year spot rate)⁵ = (1 + third year spot rate)³ * (1 + 2 year forward rate)²

(1 + 6.25%)⁵ = (1 + 5.11%)³ * (1 + 2 year forward rate)²

1.35408 = 1.161267 * (1 + 2 year forward rate)²

(1 + 2 year forward rate)² = 1.35408 / 1.161267

1 + 2 year forward rate = √1.16603675

2 year forward rate = √1.16603675 - 1

= 7.98%

Direct Materials Variances
The following data relate to the direct materials cost for the production of 2,100 automobile tires:
Actual: 58,400 lbs. at $1.95 $113,880
Standard: 56,600 lbs. at $2.00 $113,200
a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
Price variance $
Quantity variance $
Total direct materials cost variance $

Answers

Answer and Explanation:

The computation is given below:

We know that

Direct Material Price variance = (Actual Price - Standard Price) × 58400

= ($1.95 - $2) × 58400

= $2,920 Unfavourable

Direct Material Quantity variance = (Standard Quantity - Actual Quantity) ÷ Standard Price

= (56,600 - 58,400) × 2

= $3,600 Unfavourable

and,

Direct Material Cost variance = Standard Cost - Actual Cost

= $113,200 - $113,880

= $680 Unfavourable

Starling Co. is considering disposing of a machine with a book value of $24,600 and estimated remaining life of five years. The old machine can be sold for $5,700. A new high-speed machine can be purchased at a cost of 65,300. It will have a useful life of five years and no residual value. It is estimated that the annual variable manufacturing costs will be reduced from $23,300 to $19,600 if the new machine is purchased. The five-year differential effect on profit from replacing the machine is a(n)

Answers

Answer:

The answer is "decrease of $41,100".

Explanation:

5-year cost-saving =[tex](23300-19600)\times 5 = \$18,500[/tex]

old machine Sale value = [tex]\$5,700[/tex]

Differential effect on income = cost savings for 5 years +Sale value of old machine - purchase cost of the new machine  

[tex]= 18500+ 5700 - 65300\\\\= - 41,100[/tex]

At a price of $35, there would be Select one: a. excess demand, and the price would tend to fall from $35 to a lower price. b. a shortage, and the price would tend to rise from $35 to a higher price. c. excess supply, and the price would tend to fall from $35 to a lower price. d. a surplus, and the price would tend to rise from $35 to a higher price.

Answers

Answer: c. excess supply, and the price would tend to fall from $35 to a lower price.

Explanation:

At $35 there is excess supply because this is a price that most consumers are not willing to pay but most suppliers are willing to sell.

Supply at $35 = 600

Quantity demanded at $35 = 200

This would lead to prices falling as suppliers try to sell the excess supply. The prices would ideally keep falling till the equilibrium price is reached which is $25. At this point, the quantity demanded and supplied will be equal to each other.

Which of the following is NOT one of the four factors of production?

1. Entrepreneurship
2. Natural resources
3. Human Resources
4. Production Resources

Answers

4. Production Resources -because technically that’s just defining the other three topics without going into depth.

What function do regulations like the General Data Protection Regulation (GDPR)
serve?

Answers

Answer:

This regulation is called the EU General Data Protection Regulation or GDPR, and is aimed at guiding and regulating the way companies across the world will handle their customers' personal information and creating strengthened and unified data protection for all individuals within the EU.

Explanation:

An analyst compiled the following information for U Inc. for the year ended December 31, 2018: Net income was $1,700,000. Depreciation expense was $400,000. Interest paid was $200,000. Income taxes paid were $100,000. Common stock was sold for $200,000. Preferred stock (8% annual dividend) was sold at par value of $250,000. Common stock dividends of $50,000 were paid. Preferred stock dividends of $20,000 were paid. Equipment with a book value of $100,000 was sold for $200,000. Using the indirect method, what was U Inc.'s net cash flow from operating activities for the year ended December 31, 2018?

Answers

Answer:

Net cash from operating activities=$2,100,000

Explanation:

The net cashflow from operating activities represent how much a business generates doing its ordinary course of business.

It is the net income adjusted for all non-cash items like depreciation e.t.c

Net cash from operating activities = 1,700,000  + 400,000= $2.100,000

Net cash from operating activities=$2,100,000

what's the meaning of GDP?

Answers

what's the meaning of GDP?

It means Gross domestic product.

Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.

Gross domestic product tracks the health of a country's economy. It represents the value of all goods and services produced over a specific time period within a country's borders. ... Investors can use GDP to make investments decisions—a bad economy means lower earnings and lower stock prices.

An all equity capitalized firm (i.e., no debt in the capital structure) is expected to produce a cash flow in the amount of $900,000 in its first year of operation. Cash flow is expected to grow at 2% annually for the foreseeable future each year thereafter. If the firm's investors require a 10% return, what is the estimated Market Value of the Firm

Answers

Answer:

Explanation:

Cash flow at end of year 1 = $900,000

Growth rate = 2%

Required rate of return = 10%

Estimated Market value = Cash flow at end of year 1  / (Required rate of return  - Growth rate}

Estimated Market value = $900,000 / (0.10 - 0.02)

Estimated Market value = $900,000 / 0.08

Estimated Market value = $11,250,000

So, the the estimated Market Value of the Firm is $11,250,000

Robert Nozick's direct criticism of the importance of income equality is that: a. trade performed on a cumulative basis would result in equal outcomes and opportunities for people. b. All of the answers are correct. c. peaceful trade should not be condemned even when it leads to large differences in wealth. d. equality results only from freely chosen market transactions, devoid of coercive force or fraud.

Answers

Answer: c. peaceful trade should not be condemned even when it leads to large differences in wealth.

Explanation:

Income inequality simply refers to the unevenly distribution of income in a population. It should be noted that the less equal the distribution, the higher the income inequality will be.

According to Robert Nozick, the direct criticism of the importance of income equality is that peaceful trade should not be condemned even when it leads to large differences in wealth.

When a partnership is formed, assets contributed by the partners should be recorded on the partnership books at their: Group of answer choices fair market value at the time of the contribution. assessed values for property tax purposes. original costs to the partner contributing them. book values on the partners' books prior to their being contributed to the partnership.

Answers

Answer:

When a partnership is formed, assets contributed by the partners should be recorded on the partnership books at their:

fair market value at the time of the contribution.

Explanation:

This fair market value of the assets contributed by each partner provides the best measurement value at which assets contributed in a partnership should be recorded.  The asset class is debited while the partner's capital account is credited with this fair market value and not the book or cost value.

Flax Co. acquired 80% percent of the voting common stock of Levinson Corp. on January 1, 2021. During the year, Flax made sales of inventory to Levinson. The inventory cost Flax $275,000 and was sold to Levinson for $420,000. Levinson held $84,000 of the goods in its inventory at the end of the year. The amount of intra-entity gross profit for which recognition is deferred, and should therefore be eliminated in the consolidation process at the end of 2021, is: Multiple Choice $23,200. $67,200. $145,000. $116,000. $29,000.

Answers

Answer:

$29,000

Explanation:

Calculation to determine what The amount of intra-entity gross profit for which recognition is deferred, and should therefore be eliminated in the consolidation process at the end of 2021, is:

Intra-Entity Gross Profit= ($84,000 ÷ $420,000) *20%

Intra-Entity Gross Profit= ($84,000 ÷ $420,000) *20%

Intra-Entity Gross Profit = $29,000

The Fortise Corporation manufactures two types of vacuum cleaners, the Victor for commercial building use and the House-Mate for residences. Budgeted and actual operating data for the year 2017 were as follows: Static Budget Victor House-Mate Total Number sold 20,000 80,000 100,000 Contribution margin $4,600,000 $15,200,000 $19,800,000 Actual Results Victor House-Mate Total Number sold 21,500 64,500 86,000 Contribution margin $6,665,000 $14,190,000 $20,855,000 What is the total sales-mix variance closest to in terms of the contribution margin

Answers

Answer:

The Fortise Corporation

The total sales-mix variance closest to $1,055,000 in terms of the contribution margin.

Explanation:

a) Data and Calculations:

Static Budget                       Victor    House-Mate           Total

Total Number sold              20,000          80,000           100,000

Contribution margin   $4,600,000 $15,200,000   $19,800,000

Actual Results                    Victor    House-Mate             Total

Number sold                       21,500           64,500           86,000

Contribution margin  $6,665,000   $14,190,000 $20,855,000

Variance

Number sold                        1,500 F          15,500 U        14,000 U

Contribution margin $2,065,000 F   $1,010,000 U $1,055,000 F

Van is heading out to lunch. He goes to the bank and withdraws $30 from his savings account. He heads to a local deli that sells half sub sandwiches for $4.99 and whole subs for $7.99. Eric decides that he's pretty hungry and goes for the whole. He pays with a $10 bill and tells the cashier to keep the change.
Identify what role money plays in each of the following parts of the story.
a. Role of money medium of unit of store
b. Exchange account of value
c. Eric can easily determine that the whole sandwich, while twice as long as the half, is priced at less than twice as much.
d. Eric accumulates money in his savings account for future purchases.
e. Eric buys his lunch with a $10 bill.

Answers

Answer and Explanation:

c. In the given case Eric valued the goods in terms of money so here the role of money plays is the unit of account that represent something that can be used in order to value the goods and services

d. In the case when eric wants to store the money and use them in a future so here it is storing of value

e. In this case, eric purchased the lunch and pay $10 so here the food is exchanged with the money that represent the medium of exchange

On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances:
Accounts Debit Credit
Cash $ 24,300
Accounts Receivable 5,700
Supplies 3,600
Land 55,000
Accounts Payable $ 3,700
Common Stock 70,000
Retained Earnings 14,900
Totals $ 88,600 $88,600
During January 2021, the following transactions occur:
January 2 Purchase rental space for one year in advance, $7,500 ($625/month).
January 9 Purchase additional supplies on account, $4,000.
January 13 Provide services to customers on account, $26,000.
January 17 Receive cash in advance from customers for services to be provided in the future, $4,200.
January 20 Pay cash for salaries, $12,000.
January 22 Receive cash on accounts receivable, $24,600.
January 29 Pay cash on accounts payable, $4,500.
The following information is available on January 31.
Rent for the month of January has expired.
Supplies remaining at the end of January total $3,300.
By the end of January, $3,575 of services has been provided to customers who paid in advance on January 17.
Unpaid salaries at the end of January are $5,450.
1. Record the purchase of rental space for one year in advance, $7,500 ($625/month).
2. Record the purchase of additional supplies on account, $4,000.
3. Record the providing of services to customers on account, $26,000.
4. Record the receipt of cash in advance from customers for services to be provided in the future, $4,200.
5. Record the payment of cash for salaries, $12,000.
6. Record the receipt of cash on accounts receivable, $24,600.
7. Record the payment of cash on accounts payable, $4,500.
8. Record the adjusting entry for rent. Rent for the month of January has expired.
9. Record the adjusting entry for supplies. Supplies remaining at the end of January total $3,300.
10. Record the adjusting entry for services provided to customers who paid in advance. By the end of January, $3,575 of services has been provided to customers who paid in advance on January 17.
11. Record the adjusting entry for salaries payable. Unpaid salaries at the end of January are $5,450.
12. Record the entry to close the revenue accounts.
13. Record the entry to close the expense accounts

Answers

Answer:

Dynamite Fireworks

1. January 2

Debit Prepaid Rent $7,500

Credit Cash $7,500

To record the purchase of rental space in advance ($625/month).

2. January 9

Debit Supplies $4,000

Credit Accounts Payable $4,000

To record the purchase of additional supplies on account.

3. January 13

Debit Accounts Receivable $26,000

Credit Service Revenue $26,000

To record the provision of services to customers on account.

4. January 17

Debit Cash $4,200

Credit Deferred Revenue $4,200

To record the receipt of cash in advance for future services.

5. January 20

Debit Salaries Expense $12,000

Credit Cash $12,000

To record the payment of salaries.

6. January 22

Debit Cash $24,600

Credit Accounts Receivable, $24,600

To record the receipt of cash on account.

7. January 29

Debit Accounts Payable, $4,500

Credit Cash $4,500

To record the payment on account.

Adjustments on January 31.

8. Debit Rent Expense $625

Credit Prepaid Rent $625

To record the rent expense for January.

9. Debit Supplies Expense $4,300

Credit Supplies $4,300

To record the supplies expense for January.

10. Debit Deferred Revenue $3,575

Credit Service Revenue $3,575

To record revenue for services provided.

11. Debit Salaries Expense $5,450

Credit Salaries Payable $5,450

To accrue unpaid salaries at the end of January.

12. Debit Service Revenue $29,575

Credit Income Summary $29,575

To close the revenue account to the income summary.

13. Debit Income Summary $22,375

Credit:

Salaries Expense $17,450

Rent Expense $625

Supplies Expense $4,300

To close the expense accounts to the income summary.

Explanation:

a) Data and Calculations:

Accounts Debit Credit

Cash                      $ 24,300

Accounts Receivable 5,700

Supplies                     3,600

Land                        55,000

Accounts Payable                $ 3,700

Common Stock                     70,000

Retained Earnings                 14,900

Totals                  $ 88,600 $88,600

Transactions and Analysis:

January 2 Prepaid Rent $7,500 Cash $7,500 ($625/month).

January 9 Supplies $4,000 Accounts Payable $4,000

January 13 Accounts Receivable $26,000 Service Revenue $26,000

January 17 Cash $4,200 Deferred Revenue $4,200

January 20 Salaries Expense $12,000 Cash $12,000

January 22 Cash $24,600 Accounts Receivable, $24,600

January 29 Accounts Payable, $4,500 Cash $4,500

Adjustments on January 31.

Rent Expense $625 Prepaid Rent $625

Supplies Expense $4,300 Supplies $4,300

Deferred Revenue $3,575 Sales Revenue $3,575

Salaries Expense $5,450 Salaries Payable $5,450

If the demand for meals at the Campus Café declines. This will result in...
What will happen to the equilibrium price,supply and quantity

Answers

Answer:The campus may have a surplus of cook food that will affect the schools budget

Explanation:

all this cook food will go to the garbage in not consumed anytime soon , the school board seeing this waste of food will probably reduced the food budget meaning less food for the students , and when the students start to eat again cafeteria food there will not be enough for everyone  

For Year 2, the Sacramento Corporation had beginning and ending Retained Earnings balances of $179,225 and $199,900, respectively. Also during Year 2, the board of directors declared cash dividends of $19,900, which were paid during Year 2. The board also declared a stock dividend, which was issued and required a transfer in the amount of $15,500 to paid-in capital. Total expenses during Year 2 were $36,916. Based on this information, what was the amount of total revenue for Year 2

Answers

Answer:

$92,991

Explanation:

The computation of the amount of total revenue is shown below;

As we know that

Ending retained earnings = Beginning retained earning  - dividend + net income

$199,900 = $179,225 - $19,900 - $15,500 + net income

So, the net income is $56,075

Now the total revenue is

= Net income + expense

= $56,075 + $36,916

= $92,991

The expected return on the market portfolio is 14%. The risk-free rate is 6%. The expected return on SDA Corp. common stock is 13%. The beta of SDA Corp. common stock is 1.30. Within the context of the capital asset pricing model, _________.

Answers

Answer:

-.34%

Explanation:

Calculation to determine capital asset pricing model,

Alpha=.13-[.06+1.30(.14-.06)]

Alpha=.13-[.06+1.30(.08)]

Alpha=.13-[.06+0.104]=

Alpha=.13-0.164

Alpha=-.34%

Therefore Within the context of the capital asset pricing model, is -.34%

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