Business, 11.02.2021 21:30, trillsmith
During the current year, the company had the following summarized activities:
Purchased short-term investments for $8,000 cash.
Lent $6,300 to a supplier who signed a two-year note.
Purchased equipment that cost $24,000; paid $6,000 cash and signed a one-year note for the balance.
Hired a new president at the end of the year. The contract was for $95,000 per year plus options to purchase company stock at a set price based on company performance. The new president begins her position on January 1 of next year.
Issued an additional 3,000 shares of $0.50 par value common stock for $11,000 cash.
Borrowed $16,000 cash from a local bank, payable in three months.
Purchased a patent (an intangible asset) for $1,400 cash.
Built an addition to the factory for $21,000; paid $7,800 in cash and signed a three-year note for the balance.
Returned defective equipment to the manufacturer, receiving a cash refund of $2,100.
Assuming that the beginning balances in each of the accounts are zero, complete T-accounts to summarize the transactions in (a)–(g).
Answers: 1
Other questions on the subject: Business
Business, 22.06.2019 19:40, QueenNerdy889
An increase in the market price of men's haircuts, from $16 per haircut to $26 per haircut, initially causes a local barbershop to have its employees work overtime to increase the number of daily haircuts provided from 20 to 25. when the $26 market price remains unchanged for several weeks and all other things remain equal as well, the barbershop hires additional employees and provides 40 haircuts per day. what is the short-run price elasticity of supply? nothing (your answer should have two decimal places.) what is the long-run price elasticity of supply? nothing (your answer should have two decimal places.)
Answers: 1
Business, 23.06.2019 01:30, zayeboyd4436
Brian has just finished college. he wants to set up a small business to make and sell fireworks. he registers his company and acquires a license from the government. he finds that most of his competitors are selling fireworks at an extremely low price. he would like to make more money, so he decides to innovate and develop better fireworks. he sells his fireworks at a higher price, and they are a huge hit with the customers. after a few years, he earns enough profit to set up a bigger fireworks factory that complies with the government’s health and safety regulations. he even starts exporting fireworks overseas. which type of economy does this scenario describe?
Answers: 3
Business, 23.06.2019 02:20, lenaeeee
Required information lansing company’s 2017 income statement and selected balance sheet data (for current assets and current liabilities) at december 31, 2016 and 2017, follow. lansing company income statement for year ended december 31, 2017 sales revenue $130,200 expenses cost of goods sold 53,000 depreciation expense 17,500 salaries expense 29,000 rent expense 10,100 insurance expense 4,900 interest expense 4,700 utilities expense 3,900 net income $7,100 lansing company selected balance sheet accounts at december 31 2017 2016 accounts receivable $6,700 $8,000 inventory 3,080 2,090 accounts payable 5,500 6,800 salaries payable 1,100 810 utilities payable 440 270 prepaid insurance 370 500 prepaid rent 440 290 required: prepare the cash flows from operating activities section only of the company’s 2017 statement of cash flows using the indirect method. (amounts to be deducted should be indicated with a minus sign.)
Answers: 1
Business, 23.06.2019 06:00, guapotaco8102
If a society decides to produce consumer goods from its available resources, it is answering the basic economic question
Answers: 3
Do you know the correct answer?
During the current year, the company had the following summarized activities:
Purchased short-term...
Questions in other subjects:
English, 27.07.2020 01:01
