Business, 29.09.2021 23:20, gunnatvinson
1 2.1.2 Quiz: Accounting Cycle: Transactions, Journal Entries and Worksheets
Question 1 of 10
Jose is an accountant at George Huervas Inc. He is analyzing a transaction in
which his the CEO signed a note payable for $1,000 worth of chairs and
$5,000 worth of desks. How will this transaction affect the accounting
equation?
A. Furniture ($6,000) = Liabilities ($1,000) + Equity ($5,000)
B. Fumiture ($6,000) = Liabilities ($6,000) + Equity (50)
C. Furniture ($6,000) = Liabilities ($5,000) + Equity ($1,000)
D. Furniture ($6,000) = Liabilities ($0) + Equity ($6,000)
SUBMIT
Answers: 1
Business, 21.06.2019 20:20, ktenz
Miller mfg. is analyzing a proposed project. the company expects to sell 8,000 units, plus or minus 2 percent. the expected variable cost per unit is $11 and the expected fixed costs are $287,000. the fixed and variable cost estimates are considered accurate within a plus or minus 5 percent range. the depreciation expense is $68,000. the tax rate is 32 percent. the sales price is estimated at $64 a unit, plus or minus 3 percent. what is the earnings before interest and taxes under the base case scenario?
Answers: 1
Business, 22.06.2019 10:00, emwemily
Frolic corporation has budgeted sales and production over the next quarter as follows. the company has 4100 units of product on hand at july 1. 10% of the next months sales in units should be on hand at the end of each month. october sales are expected to be 72000 units. budgeted sales for september would be: july august september sales in units 41,500 53,500 ? production in units 45,700 53,800 58,150
Answers: 3
Business, 22.06.2019 20:00, gudtavosanchez19
After testing its water, a city water department issues a report to the related citizens, noting what chemicals have been identified, their doses, and the estimated risks of exposure at these levels. this report represents a type of
Answers: 1
1 2.1.2 Quiz: Accounting Cycle: Transactions, Journal Entries and Worksheets
Question 1 of 10
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