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3 years ago

When you drive above 5,000 feet, there is substantially less oxygen available and you can become _________ very quickly?

1 answer:

8 0

............ you can become TIRED very quickly. As one ascends towards the sky, the quantity of oxygen available continues to reduce significantly and this have a lot of negative effects on humans. For instance, there will be less oxygen available for breathing and one can become tired quickly. The lack of oxygen can cause shortness of breath, nosebleed, headaches and increased heart rate. Also, the air becomes drier and this makes one to become unusually thirst.

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Partners Dennis and Lilly have decided to liquidate their business. The following information is available:

fgiga [73]

Answer:

Partners Dennis and Lilly have decided to liquidate their business. The following information is available:

Cash $100,000 Accounts Payable $100,000

Inventory $200,000 Dennis, Capital $120,000

Lilly, Capital $80,000

$300,000 $300,000

Dennis and Lilly share profits and losses in a 3:2 ratio. During the first month of liquidation, half the inventory is sold for $60,000, and $60,000 of the accounts payable is paid. During the second month, the rest of the inventory is sold for $45,000, and the remaining accounts payable are paid. Cash is distributed at the end of each month, and the liquidation is completed at the end of the second month.

1. Using a safe payments schedule, how much cash will be distributed to Dennis at the end of the first month?

a. $36,000

b. $64,000

c. $60,000

d. $24,000

2. Using a safe payments schedule, how much cash will be distributed to Lilly at the end of the first month?

a. $40,000

b. $24,000

c. $64,000

d. $16,000

4 0

3 years ago

The following information is available for Moiz Company:________.

notsponge [240]

Answer and Explanation:

1. Interest Revenue $23,000

Sales Revenue $510,000

To Income Summary $533000

(Being closing of revenues accounts are closed)

2. Income Summary $453,000

To Sales returns $20,000

To Sales Discounts $7,000

To Cost Of goods sold $310,000

To Freight out $2,000

To Advertise Exp $15,000

To Interest Exp $19,000

To Salaries & Wages $55,000

To Utility $18,000

To Depreciation $7,000

(Being closing of expenses accounts are closed)

3. Income Summary $80,000

To Retained Earning $80,000

(Being profit is recorded)

4. Retained Earning $30,000

To Dividends $30,000

(Being closing of dividend is recorded)

8 0

3 years ago

When the market rate is 8%, a company issues $50,000 of 9%, 10-year bonds and pay interest semiannually for a selling price of $

Gre4nikov [31]

Answer:

casate conmigo cikitita

Explanation:

marry me little girl

6 0

2 years ago

During your meeting with your client, Hayden Doyle, you recommended he purchase a personal liability umbrella policy (PLUP). Whi

nataly862011 [7]

Answer:

b. Develop and present financial planning recommendations.

Explanation:

Since in the question it is mentioned that there is a recommendation for buying a personal liability with respect to the umbrella policy so in the steps of the financial planning process, the step that should be considered is to develop & present the recommendation with regard to the financial planning as the financial planning is important than can save your future

hence, the correct option is B.

6 0

3 years ago

The adjusted trial balance for Chiara Company as of December 31 follows.

faust18 [17]

Answer and Explanation:

The preparations are presented below:

a. For income statement

Chiara Company

Income statement

For the year ended Dec 31

Revenues

Fees earned $544,000

Interest earned $30,000

Total revenues $574,000

Less: expenses

Depreciation expense - Automobiles $26,000

Depreciation expense- Equipment $20,000

Salaries expense $187,000

Wages expense $43,000

Interest expense $32,200

Office supplies expense $34,200

Advertising expense $63,000

Repairs expense - Automobiles $25,200

Total expenses ($430,600)

Net income $143,400

b. For a statement of retained earnings

Chiara Company

Statement of retained earnings

For the year ended Dec 31

Beginning balance of retained earnings $257,220

Add: Net income $143,400

Less: Dividend -$45,000

Ending retained earnings balance $355,620

c. For balance sheet

Chiara Company

Balance sheet

For the year ended Dec 31

Liabilities & equity Amount Assets Amount

Liabilities & equity Cash $132,400

Accounts payable $98,000 Accounts receivable $50,500

Interest payable $20,000 Interest receivable $20,800

Salaries payable $22,000 90 days notes receivable $171,000

Unearned fees $28,000 Office supplies $16,500

Long-term notes payable $144,000 Automobiles 169,000

Common stock $26,580 Less:

Retained earnings $355,620 Accumulated depreciation

Automobiles $ 80,000 $89,000

Total liabilities & equity $694,200 Equipment 140,000

Less:

Accumulated depreciation

Equipment 23,000 $117,000

Land $79,000

Total assets $694,200

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3 years ago