1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
insens350 [35]
2 years ago
13

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

Business
1 answer:
andrezito [222]2 years 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

You might be interested in
Kendall is in a convenience store considering which soda to buy. She recalls a commercial for Pepsi she saw on TV last night. Pe
suter [353]
The answer should be 3 bottles
8 0
2 years ago
Adam is becoming annoyed because his car keeps breaking down, but he doesn't want to have to make payments on a new car. adam is
andre [41]
The answer to this would be the first option: AVOIDANCE-AVOIDANCE CONFLICT. In Psychology, the avoidance-avoidance conflict is a kind of conflict that involves two unwanted goals. In the case of Adam, his car keeps breaking down and this is the first avoidance conflict. He feels ver annoyed every time this happens. On the other hand, he refuses to pay for a new car and this is another avoidance conflict.
5 0
3 years ago
The Wet Corp. has an investment project that will reduce expenses by $25,000 per year for 3 years. The project's cost is $20,000
Jlenok [28]

Answer:

c. $20,416.50

Explanation:

Cost of assets = 20,000

Depreciation year 1 = 33% * 20,000 = $6,666

Annual cost saving = 25,000

Tax rate = 25%

Operating cash flow Year 1 = Cost saving*(1 - tax) + Tax*Depreciation

Operating cash flow Year 1 = 25,000*(1-0.25) + 0.25*6,666

Operating cash flow Year 1 = 25,000*0.75 + 0.25*6,666

Operating cash flow Year 1 = 18750 + 1666.5

Operating cash flow Year 1 = $20,416.5

So, the cash-flow from the project in year 1 is $20,416.50

8 0
3 years ago
Select all the correct answers.
makkiz [27]

Answer:

an increase in the number of goods produced

the creation of employment opportunities

Explanation:

The GDP value communicates the rate of economic growth in a country. An increase in GDP shows the economy is growing. The GDP value is calculated by adding all the values of new goods and services produced within the country.  An increase in the value of products and services produced results in an increase in GDP, indicating economic growth.

When businesses need to offer more goods and services, they require to hire additional workers to be engaged in production activities. Economic growth means more job opportunities are created.

3 0
3 years ago
tangshan China's stock is currently selling for $160.00 per share and the firm's dividends are expected to grow at 5 percent ind
Aloiza [94]

Answer: Tangshans required rate of return according to CAPM= 3+1.2*(8-3)

R=9%

Intrinsic Value= 5.5*1.05/0.09-0.05= $144.375

Stock is Overvalued as its intrinsic value is $144.375 but it is selling in the market for $160

Explanation:

7 0
3 years ago
Other questions:
  • Ken owns a food services company and recently negotiated a contract with a new restaurant chain. the satisfaction ken feels for
    10·1 answer
  • When would you need to use the Rule of 72?
    10·2 answers
  • ​________ is an example of an​ inter-enterprise information system.
    15·1 answer
  • Assume that the company produces and sells 92,000 units during the year at a selling price of $7.37 per unit. Prepare a contribu
    11·1 answer
  • In your own words.<br><br> Why is it important to the business to motivate employees?..
    12·1 answer
  • Andrews Corporation uses the weighted-average method of process costing. The following information is available for February in
    5·1 answer
  • A portion of a document that can be formatted differently and separately from the rest of the document is a ________.
    7·1 answer
  • A stock character is one that's
    15·2 answers
  • The Dennis Company reported net income of $50,000 on sales of $300,000. The company has average total assets of $500,000 and ave
    5·1 answer
  • Lone Star Meat Packers is a major processor of beef and other meat products. The company has a large amount of T-bone steak on h
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!