Answer:
The answer is stated below:
Explanation:
A. Received or collected $10,000 in exchange of the common stock:
This transaction will have an impact on the Accounting Equation of the Accounts, which is :
Assets = Liabilities + Equity
As the cash is received, there will be an increase in the assets and under the cash account of the current assets. Though the cash is against the common stock, which increases the common stock account upon the side of the equity.
Therefore, it will be:
Increase in assets (Cash) : Increase in equity (Common Stock)
B. Bought the equipment on account worth $5,000.
This transaction will have an impact on the Accounting Equation as:
As the equipment is purchased will in turn lead to increase in the assets side, under the equipment account and it is purchased on account, which means on credit, that leads to increase in the liability under the Accounts Payable account.
Therefore, it will be:
Increase in assets (Equipment) : Increase in Liability (Accounts Payable)
Answer:
a. Division A = 5.80 %, Division B = 8.95 %
b. Division B is superior. Because, it generates a greater profit margin per each sale made.
Explanation:
<u> a. Compute the profit margins</u>
Profit margin = Profit / Sales × 100
Division A = $134,000 / $2,310,000 × 100
= 5.80 % (2 decimal places.)
Division B = $33,400 / $373,000 × 100
= 8.95 % (2 decimal places.)
<u> b. Based on the profit margins</u>
Division B is superior as it generates a greater profit margin per each sale made.
Actually the role of complement products is to enhance the
satisfaction that is given with the other product. For example, the complement
of a loaf of bread would be peanut butter or a strawberry jam. The amount of
satisfaction is enhanced when eating bread with peanut butter. Therefore the
answer is:
<span>D. complements add value to a product when they are consumed
in tandem with it</span>
I don't know. There are no answer options. Maybe palm trees etc.?
Answer:
<u>$0 (None)</u>
Explanation:
Mike incurring additional moving expenses to his new home is not legally permissible for deduction when starting it in his annual gross income report for tax purposes.
However, miscellaneous expenses such as Unreimbursed business expenses, qualified educational expenses, tax preparation fees, subscriptions to professional journals<em>, and job-hunting expenses </em><em>may be deducted.</em>
