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3 years ago

What is the best model of bussiness

Business

2 answers:

Anvisha [2.4K]3 years ago

5 0

Someone who you can rely on to get the job done

yanalaym [24]3 years ago

3 0

The best model of business is someone who exemplifies an example of someone who works hard

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On January 3, Halsall Corporation purchased 1,800 shares of the company's $1 par value common stock as treasury stock, payin

Salsk061 [2.6K]

Answer:

The journal entries alongwith its explanation are as under:

Explanation:

Journal entry at Jan 3, to record purchase of treasury stock would include the recording of treasury stock at the price paid to the shareholders for purchase of the stock, the journal entry is as under:

Dr Treasury Stock (1800 share*$8 per share) $14,400

Cr Cash $14,400

Journal entry at Jan 30, of selling treasury stock would include the elimination of the treasury stock at the amount purchased and the remainder will will be the Paid-In Capital, the journal entry is as under:

Dr Cash (1200*9) $10,800

Cr Treasury stock (1200*8) $9,600

Cr Paid in capital from sale of treasury stock $1,200

4 0

3 years ago

Built-Tight is preparing its master budget for the quarter ended September 30. Budgeted sales and cash payments for product cost

Inessa05 [86]

Answer and Explanation:

The Preparation of cash budget for each of the months of July, August, and September is shown below:-

Cash budget

For the month of July, August and September

July August September

Beginning cash balance $15,000 $15,000 $25,505

Cash receipts from

customer (Working note) $57,800 $67,200 $73,600

Total cash available $72,800 $82,200 $99,105

Less:

Cash disbursements

Direct Materials $16,160 $13,440 $13,760

Sales commission $6,400 $8,000 $4,800

(10% of sales)

Office salaries $4,000 $4,000 $4,000

Rent $6,500 $6,500 $6,500

Direct Labor $4,040 $3,360 $3,440

Overhead Cost $20,200 $16,800 $17,200

Interest on bank loan

For July (5,000 × 1%) $50

For August $46

($5,000 - $4,550) × 1%))

For September $0

Preliminary Cash

balance $15,450 $30,055 $49,405

Repayment of loan to

Bank $450 $4,550

($5,000 - $450)

Ending cash balance $15,000 $25,505 $49,405

Working Note

The ending balance of the particular month should be treated as a opening balance of next month

August ending balance will be forwarded in Sept as a opening balance.

Working Note

July August September

Sales $64,000 $80,000 $48,000

Less:

Ending accounts

receivable

(80% of sales) $51,200 $64,000 $38,400

Cash sales $12,800 $16,000 $9,600

Last month cash

collection $45,000 $51,200 $64,000

Cash receipts from

customer $57,800 $67,200 $73,600

Therefore we added the cash receipts as it increase the cash balance and deduct all cash payment as it decrease the cash balance

7 0

3 years ago

Jose Inc. reports the following balances and amounts. The following information is presented in random order (amounts are in dol

tankabanditka [31]

Answer:

Current assets 300.000,00

Current liabilites 120.000,00

WORKING CAPITAL 180.000,00

Explanation:

Working capital, also known as net working capital (NWC), is the difference between a company’s current assets, such as cash, accounts receivable (customers’ unpaid bills) and inventories of raw materials and finished goods, and its current liabilities, such as accounts payable

8 0

3 years ago

Sales $ 2,000,000 100 % $ 500,000 100 % $ 2,500,000 100 % Variable expenses 800,000 40 % 250,000 50 % 1,050,000 42 % Contributio

Sonja [21]

Answer:

$1.5 million

Explanation:

The computation of break even sales in dollars is shown below:

= (Fixed expenses) ÷ (profit volume ratio)

where,

Contribution margin = Sales - Variable expense

= $2,500,000 - 1,050,000

= $1,450,000

And, Profit volume ratio = (Contribution) ÷ (sales) × 100

So, the Profit volume ratio = ($1,450,000) ÷ ( $2,500,000) × 100 = 58%

And, the fixed expenses is $870,000

Now put these values to the above formula

So, the value would equal to

= ($870,000) ÷ (58%)

= $1.5 million

3 0

3 years ago

You work as the sales manager for a company that sells paper supplies to businesses of all sizes. Because the profit margins are

Jobisdone [24]

Answer:

Controling.

Explanation:

Analyzing the above scenario, it is possible to identify that the process of determining the reason for the higher costs and taking measures to reduce those costs is part of an organization's control management process.

It is essential that each company has a well-established control management system, as a way of positively influencing employees in the company and ensuring that all strategic activities and actions are carried out as planned to achieve organizational objectives and goals.

An effective management control process ensures that companies operate more effectively, improving organizational resource management processes, reducing costs and making management more structured and effective so that a company remains competitive and profitable in the market.

7 0

3 years ago