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insens350 [35]
1 year ago
13

Timmons corporation purchases office supplies for $350 cash. how would this transaction be recorded?

Business
1 answer:
andrezito [222]1 year ago
5 0

Timmons Corporation purchases office supplies for $350 cash. Debit Supplies $350, credit Cash $350.

A legal entity is an organization (usually a group of people or a legal entity) authorized by the State to act as a single entity and legally recognized as such for a specific purpose. Early incorporated entities were established by charter. Most jurisdictions now allow the formation of new companies through registration.

A corporation is a business entity owned by shareholders who elect a board of directors to oversee the activities of the organization. A company is responsible for its actions and finances, but its shareholders are not.

Learn more about Corporation here:brainly.com/question/13551671
#SPJ4

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What is a table in economics and state 5 characteristics of a table​
Luba_88 [7]

A table is a systematic arrangement of data implementing columns and rows to display information which make it easier for better understanding.

Table number: A table should always be numbered for easy identification

Title of the table

Stubs: These refer to the headings of horizontal rows.

Captions: these refer to the headings of vertical columns

Clear, to the point and a suitable font/ size for the text. Information must be inserted in the same format into the appropriate cells

3 0
2 years ago
"if you change the units of one of the variables, the value of correlation will increase or decrease. "
brilliants [131]
That statement is False

If we change units in one of the variables the value increase, decrease, or stay the same
The value of the correlation is the result of the interractions of all the units in that variable, so changing onle one of the variables does not necessarily change the end result of the value.
7 0
3 years ago
Assume that an analyst is using the constant dividend growth model to value a stock. Which of the following scenarios would be c
Sophie [7]

Answer: A. She believes the company has become riskier, and therefore increases her required rate of return for the stock.

Explanation:

The formula for the Constant dividend growth model of valuing stock is:

<em>= Next dividend / (Required return - growth rate)</em>

From the formula above, one can tell that if the required return is higher, it would result in a lower value for stock because it would divide the numerator more.

If the analyst believes that the company is riskier and increases the required return, the value would therefore reduce if other measures are kept constant.

7 0
2 years ago
___ refer to the important factors that policy analysts will use to assess the proposed policy alternatives. They are also used
mr_godi [17]

Answer:

2. Evaluative criteria.

Explanation:

Evaluative criteria is the process by which choices are made between different alternatives on the basis of defined criteria. For example a policy analyst may decide to only select policies that allow for employee involvement in decision making of a company's processes.

Comparism are made between available alternatives and the best option that meets the criteria most closely is chosen.

Evaluative criteria is also used to analyse impact of the policy after implementation, and if the objective is not being met change of policy is considered.

4 0
3 years ago
Rocky Mountain Corporation makes two types of hiking boots—Xactive and Pathbreaker. Data concerning these two product lines appe
insens350 [35]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 1,634,000 / 86,000

Predetermined manufacturing overhead rate= $19 per direct labor hour

<u>Now, we can allocate overhead to each unitary product:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Xactive= 19*1.4= $26.6

Pathbreaker= 19*1= $19

<u>Finally, the unitary cost of each product:</u>

Xactive= 63.8 + 17.2 + 26.6= $107.6

Pathbreaker= 50 + 12 + 19= $81

6 0
3 years ago
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