Answer:
Received investment of cash by organizers and distributed to them 1,000 shares of $1 par value common stock with a market price of $40 per share
Dr. Cr.
Cash $40,000
Common stock @ 1 $1,000
Add-In capital Common Stock $39,000
Purchased $15,000 of equipment, paying $3,000 in cash and owing the rest on accounts payable to the manufacturer
Dr. Cr.
Equipment $15,000
Cash $3,000
Account Payable $12,000
Borrowed $10,000 cash from a bank
Dr. Cr.
Cash $10,000
Bank Loan $10,000
Loaned $800 to an employee who signed a note.
Dr. Cr.
Note Receivable $800
Cash $800
Purchased $13,000 of land paid $4,000 in cash and signed a mortgage note for the balance
Dr. Cr.
Land $13,000
Cash $4,000
Mortgage Note Payable $9,000
Answer: 1.
Mileage for the 200 miles he drove to the ravaged area
2.$1,500 charged to the credit card during the year
3.The cost of lodging while he is volunteering
Explanation:
A) hotspot
Bluetooth is for short distance and pan is Personal area networks (PANs) connect an individual's personal devices
Answer:
Cost of goods will be $4670325
Explanation:
We have given current liabilities = $407000
A quick ratio = 1.90
Current ratio is 3.40 and inventory turnover = 4.50
We know that current ratio is the ratio of current assets and current liabilities
So
So current assets = $1383800
Now quick ratio is equal to =
So
Inventory = $1037850
Inventory turnover is given 4.5
So
So cost of goods sold = 4.5×$1037850 = $4670325
<span>The key reason why groups outperform individuals faced with the same task is the following: g</span>roups outperform individuals due to a process in which group members become more accurate during the group interaction.
Correct answer:C
Cooperation, more ideas, brainstorming are reasons that lead to success, and they are all group activities.