Issued 56,000 shares of non-par common stock in exchange for $560,000 in cash. Purchased equipment at a cost of $92,000. $23,000 cash was paid and a notes payable to the seller was signed for the balance owed. Purchased inventory on account at a cost of $170,000. The company uses the perpetual inventory system. Credit sales for the month totaled $250,000. The cost of the goods sold was $150,000. Paid $7,500 in rent on the warehouse building for the month of March. Paid $7,750 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2021. Paid $150,000 on account for the merchandise purchased in 3. Collected $112,500 from customers on account. Recorded depreciation expense of $2,300 for the month on the equipment.
Answers: 2
Business, 21.06.2019 19:00, Samzell
Minolta inc. is considering a project that has the following cash flow and wacc data. what is the project's mirr? note that a project's projected mirr can be less than the wacc (and even negative), in which case it will be rejected. wacc: 10.00% year 0 1 2 3 4 cash flows -$850 300 $320 $340 $360
Answers: 3
Business, 22.06.2019 03:50, raieliz1414
Suppose that a worker in agland can produce either 10 units of organic grain or 2 units of incense per year, and a worker in zenland can produce either 5 units of organic grain or 15 units of incense per year. there are 20 workers in agland and 10 workers in zenland. currently the two countries do not trade. agland produces and consumes 100 units of grain and 20 units of incense per year. zenland produces and consumes 50 units of grain and no incense per year. if each country made the decision to specialize in producing the good in which it has a comparative advantage, then the combined yearly output of the two countries would increase by a. 30 units of grain and 100 units of incense. b. 30 units of grain and 150 units of incense. c. 50 units of grain and 90 units of incense. d. 50 units of grain and 130 units of ince
Answers: 1
Issued 56,000 shares of non-par common stock in exchange for $560,000 in cash. Purchased equipment a...
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