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kozerog [31]
1 year ago
12

Mary parker co. invested $15,000 in abc corporation and received common stock in exchange. mary parker co.'s journal entry to re

cord this transaction would include a:__________
Business
1 answer:
topjm [15]1 year ago
6 0

Mary parker co. invested $15,000 in abc corporation and received common stock in exchange. mary parker co.'s journal entry to record this transaction would include a: Debit to investments.

What is a Journal Entry?

A journal entry is employed to record a business transaction in the accounting records of a business. A journal entry is typically recorded in the general ledger; alternatively, it's going to be recorded in a subsidiary ledger that is then summarized and rolled forward into the general ledger.

What is importance of journal?

Writing, like anything, improves with practice. once you journal every day, you're practicing the art of writing. And if you employ a journal to express your thoughts and ideas, it'll help improve your overall communication skills.

Learn more about journal entry:

brainly.com/question/14279491

#SPJ4

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Greg is compiling a survey on consumer preferences. In order to achieve the most accurate snapshot of their likes and dislikes,
erik [133]

It is false that the allocation of approximately 20 minutes to answer the questionnaire will allow to achieve the most accurate snapshot of their likes and dislikes on the consumer preferences survey.

The method of data collection used in this case is known as Questionnaire.

  • The number of minute used by respondent to answer question on the questionnaire does not determine the accuracy of their inputs.

In conclusion, It is false that the allocation of approximately 20 minutes to answer the questionnaire will allow to achieve the most accurate snapshot of their likes and dislikes on the consumer preferences survey.

Read more about Respondent:

<em>brainly.com/question/18151532:</em>

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8 0
2 years ago
Munchkin is a popular baby clothing brand. The founder of the company, Isabel, conducts a brainstorming session with her employe
Elena L [17]

Answer:

B) upward communication

Explanation:

Upward Communication -

It refers to the flow of information from the lower level to the higher level in the company, is referred to as upward communication.

The method helps to pull out thought and innovative technique from all the employees working in the company , and is used for the betterment of the company.

It helps to have a healthy conversation and decision making process, which helps the company to grow.

Hence, from the question,

The company Munchkin takes idea from all the employees and tries to implement it into the company, thereby showcasing the method of upward communication.

3 0
3 years ago
Marker Corp. exchanged an old truck for a piece of equipment and cash on January 1st 2019. The truck was purchased at a cost of
LiRa [457]

Answer:

There is a 1,500 gain

Explanation:

we have commercial subtance so we can recognize gain/loss

these will be the numebrs of the transaction:

truck

purchase             24,000

acc depreciation 17, 000

book value            7, 000

equipment 8,000

cash               500

total            8,500

received - given up = gain/loss

8,500      -    7,000  = 1,500 gain

the journal entry would be

Equipment      8,000 debit

cash                    500 debit

acc dep truck 17,000 debit

           Truck              24,000 credit

          gain on disposal 1,500 credit

3 0
3 years ago
Chiquita produces bananas for an average explicit cost of $0.25 per banana and sells 1 million bananas per week for a price of $
Sergio039 [100]

Answer:

Option (A) is correct.

Explanation:

Given that,

Implicit costs per week = $200,000

Average explicit cost per banana = $0.25 per banana

Per week bananas sold = 1 million

Explicit cost = Average explicit cost per banana × No. of banana sold

                    = $0.25 × 1,000,000

                    = $250,000

Total revenue = No. of banana sold × Selling price of each banana

                        = 1,000,000 × $0.50

                        = $500,000

Accounting profit = Total revenue - Explicit cost

                             = $500,000 - $250,000

                             = $250,000

Economic profit:

= Total revenue - Explicit cost - Implicit costs

= $500,000 - $250,000 - $200,000

= $50,000

5 0
3 years ago
Geno's Body Shop had sales revenues and operating costs in 2020 of $740,000 and $570,000, respectively. In 2021, Geno plans to e
Nataliya [291]

Answer:

$214,000

Explanation:

Total Revenues ($740,000 + $103,000) =$843,000

−Total Operating costs ($570,000 + $59,000)

=$629,000

= Total operating profit = $214,000

Therefore Assuming that there are no changes to the existing body shop business, operating profits would be expected to increase during 2021 by $214,000

7 0
3 years ago
Read 2 more answers
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