Business, 05.02.2021 22:00, Tiredd7838
The firm was organized and the initial stockholders invested cash of $480. The company borrowed $720 from a relative of one of the initial stockholders; a short-term note was signed. Two zero-turn lawn mowers costing $384 each and a professional trimmer costing $104 were purchased for cash. The original list price of each mower was $488, but a discount was received because the seller was having a sale. Gasoline, oil, and several packages of trash bags were purchased for cash of $72. Advertising flyers announcing the formation of the business and a newspaper ad were purchased. The cost of these items, $136, will be paid in 30 days. During the first two weeks of operations, 47 lawns were mowed. The total revenue for this work was $564; $372 was collected in cash, and the balance will be received within 30 days. Employees were paid $336 for their work during the first two weeks. Additional gasoline, oil, and trash bags costing $88 were purchased for cash. In the last two weeks of the first month, revenues totaled $736, of which $300 was collected. Employee wages for the last two weeks totaled $408; these will be paid during the first week of the next month. It was determined that at the end of the month the cost of the gasoline, oil, and trash bags still on hand was $24. Customers paid a total of $120 due from mowing services provided during the first two weeks. The revenue for these services was recognized in transaction f.
Answers: 1
Business, 22.06.2019 09:40, bennett2968
Boone brothers remodels homes and replaces windows. ace builders constructs new homes. if boone brothers considers expanding into new home construction, it should evaluate the expansion project using which one of the following as the required return for the project?
Answers: 1
Business, 22.06.2019 11:20, andrea1704
Aborrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. the first two years of the loan have a "teaser" rate of 4%, after that, the rate can reset with a 5% annual payment cap. on the reset date, the composite rate is 6%. what would the year 3 monthly payment be?
Answers: 3
The firm was organized and the initial stockholders invested cash of $480. The company borrowed $720...
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