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Anvisha [2.4K]
3 years ago
9

Report the effects for each of the following independent transactions using the financial statement effects template provided Ba

lance Sheet Noncash Assets Earned Transaction Cash Asset + Liabilities+ Contributed Revenu Capital Capital
(a) Issue stock for $1,500 cash
(b) Purchase inventory for $750 cash
(c) Sell inventory from (b) for $3,000 on credit
(d) Record $750 for cost of inventory sold in (c)
(e) Receive $3,000 cash on receivable from (c) Totals
Business
1 answer:
Marianna [84]3 years ago
3 0

Answer:

since there is not enough room here, I prepared an excel spreadsheet

Explanation:

 

Download pdf
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In 2020, Susan retired from her active participation in a 50% owned restaurant business, which she owned for 20 years. Susan is
icang [17]

Question Completion with Options:

a. Susan cannot deduct the $80,000 loss from the restaurant because she is not a material participant.

b. Susan can offset the $80,000 loss against the $150,000 of income from the retail store.

c. Susan will not be able to deduct any losses from the restaurant until she has been retired for at least three years.

d. Assuming Susan continues to hold the interest in the restaurant, she will always treat the losses as active.

Answer:

Susan

b. Susan can offset the $80,000 loss against the $150,000 of income from the retail store.

Explanation:

Susan can offset the $80,000 loss from the restaurant business against the income from the retail store because she has been an active and material participant in both businesses.  For the past 20 years, she had participated materially in the restaurant, only just retiring this year.   At least, she has passed the material participant test, number 5.

7 0
3 years ago
When the price of football tickets increases, the substitution effect decreases the number of tickets bought from?
adell [148]
It will bought from higher quantity to lower quantity
When the price of the tickets increases, a number of people who can buy it will decrease which resulted in lower quantity of the total sales.
The only consumer segments that wouldnt be affected by the price changes probably only the loyal fans that basically will follow their teams wherever they go.

8 0
3 years ago
Suppose that you read in The Wall Street Journal that a bond has a coupon rate of 9 percent, a price of 71 3/8, and pays interes
olga nikolaevna [1]

Answer:

This question is missing the options given below:

A. 11%

B.13%

C. 15%

D. 17%

E. 20%

The correct answer is option B,the bond current yield is 13%

Explanation:

Bonds Current Yield = Year one cash flow / Current  Price x 100 = 9 / 71.375 x 100 = 12.60% or approximately 13%

Note that 71 3/8 is the same as 71.375% as 3/8 gives 0.375 and when added to 71% gives 71.375%

The year cash flow is calculated as :9% of bond par value($100)=$9

8 0
3 years ago
One consumer promotion tool is​ __________, which are goods offered free or at a low cost as an incentive to buy a product.
Svetradugi [14.3K]
<span>Premiums are one consumer promotional tool where goods are offered at either a free or low cost to entice consumers to buy the product because of its. This allows companies to move products that they may have difficulty selling without the price reduction or that have low demand among consumers.</span>
4 0
3 years ago
When faced with an employee performance problem, managers tend to experience two primary emotions: anxiety and anger; anxiety, b
VikaD [51]

Answer:

<u>Behavioral</u> theory can be used to acknowledge positive behavior with rewards and encourage others to improve their sub-par performance.

Explanation:

In employee management, a lot of theories can be used to strategically control human resources towards the fulfillment of the company's objectives.

To address an employees performance problem, managers are faced either with an option to sanction or deal ruthlessly as well as an option to stimulate excellence without necessarily applying strict measures.

To influence positive behavior organically in an organization, Behavioral theory can be applied.

Behavioral theory is a management theory that acknowledge positive behavior with rewards and encourage others to improve their sub-par performance.

5 0
3 years ago
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