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3 years ago

Difference between Private and public Company company

1 answer:

8 0

A private company, the company's stock, or its net is spread amongst few people, usually people close to the CEO/Owner.
A public company, the company's stock is available to purchase to anyone, and can be spread world wide.

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On March 1, Lincoln sold merchandise on account to Amelia Company for $27,300, terms 1/10, net 45. On March 6, Amelia returns me

xenn [34]

Answer:

Explanation:

The journal entries are shown below:

Accounts receivable A/c Dr $27,300

To Sales A/c $27,300

(Being goods are sold on credit)

Sales return and allowance A/c Dr $3,000

To Accounts receivable $3,000

(Being sales return is recorded)

Cash A/c Dr $24,057

Sales Discount A/c Dr $243

To Accounts receivable $24,300

(Being cash received recorded)

The computation of the account receivable

= Credit sales - returned goods

= $27,300 - $3,000

= $24,300

And, the discount would be

= Accounts receivable × percentage given

= $24,300 × 1%

= $243

The remaining amount would be credited to the cash account.

8 0

4 years ago

In the case of existing customers, ________ gives the information on the date and type of contact,

TEA [102]

Answer:

performance data

Explanation:

It seems that the question is structured a little off, but based on the information that is provided the answer that would go in the blank area would be performance data. As mentioned in the question performance data provides all the information regarding a single transaction, including the date and type of contact that inquired about the product in question. Which is what is being described in the question as well as answers a) and b) which i believe is part of the initial question and not answer choices.

4 0

3 years ago

Equipment was acquired on January 1, 2021, for $33,000 with an estimated four-year life and $2,000 residual value. The company u

Lostsunrise [7]

Answer:

Gain= $850

Explanation:

Giving the following information:

Purchase price= $33,000

Useful life= 4 years

Residual value= $2,000

Sale= $10,600.

First, we need to calculate the annual depreciation:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (33,000 - 2,000)/4= $7,750

Now, we can calculate the accumulated depreciation:

Accumulated depreciation= 7,750*3= $23,250

To calculate the gain or loss, we need to use the following formula:

Gain/loss= selling price - book value

Book value= purchase price - accumulated depreciation

Book value= 33,000 - 23,250= $9,750

Gain/loss= 10,600 - 9,750

Gain= $850

4 0

3 years ago

Which one of the following statements related to risk is correct?

krok68 [10]

Answer:

c. The systematic risk of a portfolio can be effectively lowered by adding T-bills to the portfolio.

Explanation:

If we want to less the systematic risk of the portfolio so we have to add the t-bills so that the systematic risk could be minimized

The other statements that are mentioned are incorrect as for risk these statements are wrong

So only c option would be considered as correct

Hence, the correct option is c.

7 0

3 years ago

Luciana is the owner of a nail salon. Last year, her total revenue was $145,000, her rent was $12,000, her labor costs were $65,

Shtirlitz [24]

The answer would be A.

5 0

3 years ago

Read 2 more answers