Answer:
D. The presentation of the value of a company
Explanation:
The company's values, corporate values or core values, has no place in the financial statement.
The corporate values includes the fundamental beliefs upon which ones business and its ethic/behavior are based.
Answer:
Loss of $200,000
Explanation:
Cost of Crane: $5,000,000
Accumulated Depreciation: 4,200,000
Difference 800,000
Sale of Crane 600,000
LOSS 200,000
This would be a loss because Hamilton did not receive enough cash on the sale of the crane to cover its initial cost for the crane. Since we do not have a salvage value listed, this answer is based on the assumption that the salvage value of the crane is $800,000. (Gain or loss is calculated by determining if the cash received on the sale of the item - in this case, the crane - is more (gain), less (loss), or equal (equal) to the salvage value. Based on the assumption that the salvage value is the remaining $800,000, this would mean a loss to Hamilton since they only received $600,000 for the sale of the crane).
Teaming bc when she worked together, they got much more work done.
Answer:
cutting prices reduces gross margin that may be difficult to recover
Explanation:
This is the case because cutting prices reduces gross margin that may be difficult to recover. A company's gross margin is the sales revenue they retain after paying off all of the direct costs associated with producing the various goods it sells. This happens because customers get accustomed to the low prices and tend to hesitate and not buy the company's products when they are priced higher, thus making it very difficult to recover their previous gross margin.
Answer:
Mar 1 Cash 15000 Dr
Common Stock 15000 Cr
Mar 5 Cash 7800 Dr
Note Payable 7800 Cr
Mar 10 Equipment Account 19000 Dr
Cash 19000 Cr
Mar 15 Advertising expense 1000 Dr
Cash 1000 Cr
Mar 22 Accounts Receivables 16800 Dr
Service Revenue 16800 Cr
Mar 27 Cash 11800 Dr
Accounts Receivable 11800 Cr
Mar 28 Salaries Expense 4800 Dr
Cash 4800 Cr
Explanation:
Mar 1 The issuance of common stock will bring in cash so cash account will be debited and common stock, which is capital, will be credited.
Mar 5 The notes signed is a liability and will be credited as liability increases and the cash received will be debited.
Mar 10 The purchase of equipment against cash is an increase in equipment which is an asset so it will be debited and cash will be credited
Mar 15 The advertising is an expense and as it is increasing it will be debited and cash will be credited.
Mar 22 The provision of services on account will increase accounts receivable and service revenue. The revenue will be credited and receivables, which are asset will be debited.
Mar 27 The receipt of cash against receivables will be debited as cash increases and credited in receivables account.
Mar 28 The payment of salaries is an expense.
