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Valentin [98]
3 years ago
9

Following are transactions for valdez services, a company owned by brina valdez.a. brina valdez invests $39,350 cash in the comp

any in exchange for common stock.b. the company provided $2,300 of services on credit.c. the company provided services to a client and immediately received $875 cash.d. the company received $10,200 cash from a client in payment for services to be provided next year.e. the company received $3,500 cash from a client in partial payment of an account receivable. f. the company borrowed $120,000 cash from the bank by signing a promissory note.
Business
1 answer:
CaHeK987 [17]3 years ago
8 0

Answer:

CR  Revenue    $2,300

DR Receivable $2,300

CR Revenue    $875

DR Cash          $875

DR Cash          $10,200

CR Prepaid Revenue $10,200

DR Cash  $3500

CR Receivable $3500

Explanation:

Above are the journal entries relating to revenue as far as Valdez services is concerned.

I left out other transactions such as receipt of share payment as well as loan since the requirement specifically asked for revenue related transactions.

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Answer:

C. Growth

Explanation:

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3 years ago
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On January 1, 2009, a U.S. firm made an investment in Germany that will generate $5 million annually in depreciation, converted
Afina-wow [57]

Answer:

The expected real value (in terms of January 1, 2009, dollars) of the depreciation charge in year 2013 will be $1,958,815.416.

Explanation:

It is expected that the value of the dollar in the German market will fall at the same rate as that of the real market value of the dollar when we envisage the exchange rate will remain the same. Thus the depreciation of the tax write-off in terms of its real value in dollars will fall at 5% every year from 2009 to 2013.

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To calculate the real value of the dollar at an inflation of 5% yearly in 2013

When the tax rate in German is 50%, then charges of depreciation of $5 million will equal4$2.5 million in 2013 dollars. When the dollar's real value of this write-off is declining due to the inflation at 5% annually, the real value in 2013 will be calculated as:

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8 0
3 years ago
Lynn Ally, owner of a local Subway shop, loaned $40,000 to Pete Hall to help him open a Subway franchise. Pete plans to repay Ly
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Answer:

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Explanation:

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Using following formula of future value to calculate the required interest rate.

FV  = PV x ( 1 + r )^n

PV  = Present value = $40,000

n = number of years = 8 years

r = Interest rate = 6%

FV = Future value = ?

FV  = $40,000 x ( 1 + 6% )^8 = $63,754

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3 years ago
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Why the exist an economy?
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Answer:

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Explanation:

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Answer:

Perfect competition is an ideal type of market structure where all producers and consumers have full and symmetric information, no transaction costs, where there are a large number of producers and consumers competing with one another. Perfect competition is theoretically the opposite of a monopolistic market.

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