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3 years ago

Partially correct answer iconYour answer is partially correct. This information relates to Windsor Co.

Business

1 answer:

I am Lyosha [343]3 years ago

4 0

1. Dr Merchandise inventory 25100

Cr Accounts payable 25100

(To record purchase of inventory on account)

2. Dr Merchandise inventory 530

Cr Cash 530

( To record freight cost )

3. No entry

4. Dr Accounts payable 3600

Cr Merchandise inventory 3600

( To record purchase return)

5. Dr Accounts payable ( 25100-3600) 21500

Cr Cash 21500

(To record paid the amount due).

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The following information pertains to United Ways, a private voluntary health and welfare organization, for the year ended Decem

bazaltina [42]

Answer:

United Ways

Statement of Activities for the year ended December 31, 20X3:

Without Donor Restrictions

January 1, 20X3 balance $ 3,013.888

Cash from donations 519,000

Computer acquisition (230,000)

Transfer from restricted 119,000

Equipment acquisition (119,000)

Program and supporting services expenses:

Fund-Raising ($250,888)

Public health education (150,100)

Community services (125,900)

Management and general (114,300)

December 31, 20X3 balance $2,661,700 2,661,700

With Donor Restrictions

January 1, 20X3 balance $1,119,688

Earned Investment Income 206,000

Research (152,000)

Transfer to unrestricted (119,000)

Other Research Expenses (39,888)

December 31, 20X3 balance $1,014,800 1,014,800

Donated audit services 16,300

Audit Cost (16,300) 0

Total Change in net assets $3,676,500

Explanation:

a) Data and Calculations:

Balances in net assets at January 1, 20X3:

Without Donor Restrictions

January 1, 20X3 balance $ 3,013.888

Cash from donations 519,000

Computer acquisition (230,000)

Transfer from restricted 119,000

Equipment acquisition (119,000)

Program and supporting services expenses:

Fund-Raising ($250,888)

Public health education (150,100)

Community services (125,900)

Management and general (114,300)

December 31, 20X3 balance $2,661,700

Donated audit services 16,300

With Donor Restrictions

January 1, 20X3 balance $1,119,688

Earned Investment Income 206,000

Research (152,000)

Transfer to unrestricted (119,000)

Other Research Expenses (39,888)

December 31, 20X3 balance $1,014,800

b) United Ways is not a profit-making organization. It is guided by its missions. Therefore, the terms “statement of activities” and “change in net assets” are used instead of “income statement” and “net income.”

7 0

3 years ago

A customer opens a margin account by purchasing 100 shares of ABC at $60 per share, depositing the 50% Regulation T requirement.

Scilla [17]

Answer:

Account Balance in margin account:

Investment = $6,000 (100 x $60)

The customer's account will first increase with an unrealized gain of $2,000 ($80 - 60 x 100) on the next day. It will then decrease with an unrealized loss of $2,000 ($80 - 60 x 100) on the day after. This cancels the earlier unrealized gain.

Explanation:

The customer's investment will now show a balance of $6,000 with a contra account showing a debt of $3,000 for the balance of the Regulation T margin account. According to investopedia, "A margin account is a brokerage account in which the broker lends the customer cash to purchase stocks or other financial products. The loan in the account is collateralized by the securities purchased and cash, and comes with a periodic interest rate."

5 0

3 years ago

In his presentation to his co-workers, Kyle encouraged his colleagues to reach their highest potential and take pride in their w

Contact [7]

Answer:

Self actualization need

Explanation:

Since Kyle encouraged his colleagues to do reach their highest potential and take pride in their work. According to Maslow's hierarchy, Kyle appeal to self actualization need

Maslow defined self-actualization to be "the desire for self-fulfillment, namely the tendency for an individual to become actualized in what he is potentially. This tendency might be phrased as the desire to become more and more what one is, to become everything that one is capable of becoming."

The underlined statements in kyle's speech and the definition, are of the same meaning

6 0

3 years ago

Briefly explain economics

Valentin [98]

Answer:

The branch of knowledge concerned with the production, consumption, and transfer of wealth.

Explanation:

Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices about how to allocate resources. The building blocks of economics are the studies of labor and trade.

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3 years ago

A congresswoman from a state with several tire factories argues that the government should impose a tariff on tires because they

Korvikt [17]

Answer:

e. National-security argument

Explanation:

When people start talking about wars, different types of armed conflicts, or defending the country against its enemies, then they are using the national security argument. In this case, the argument is not very solid since military vehicles do not use regular tires, they use special tires that are generally not made in China.

6 0

3 years ago