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balu736 [363]
3 years ago
11

Consider the following transactions for Thomas Company and their effect on the accounting equation. Click on each transaction fo

r transaction details. Determine the new balance for each component of the accounting equation resulting from the transaction. (You will not need to enter the amount of each transaction, only the balance after the transaction.) If an amount box does not require an entry, leave it blank.
Transaction
Assets =
Liabilities +
Stockholders' Equity
Beginning $0 $0 $0
1. Investment in the business
2. Borrow cash
3. Purchase equipment
4. Revenues earned
5. Expenses incurred
6. Dividends
Business
1 answer:
Soloha48 [4]3 years ago
8 0

Answer:

the numbers are missing, so I looked for a similar question:

  1. Investment in the business $17,010
  2. Borrow cash $7,620
  3. Purchase equipment $8,300
  4. Revenues earned $298,600
  5. Expenses incurred $210,900
  6. Dividends $15,000

since there is not enough room here, I used an excel spreadsheet. I assumed all sales were on cash and all expenses were also paid using cash.

Download pdf
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The resource-based view of global business differs from the institution-based view of global business in that the resource-based
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Focuses on the internal strenghts of the firm

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Sela traveled from her home in Flagstaff to San Francisco to seek specialized medical care. Because she was unable to travel​ al
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The total medical expenses deductible before the​ 10% limitation is 2090

Explanation:

Solution

Recall that:

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Miles = 1000

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To next step is to find the total medical expenses deductible before the​ 10% limitation is given as follows:

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The total expenses  i hotel room is calculated as :150 * 1 *3 = 450

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It is also important to know that only 10% of the expense stay for the accompanied person is permitted

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5 0
3 years ago
​Vipsana's Gyros House sells gyros. The cost of ingredients​ (pita, meat,​ spices, etc.) to make a gyro is​ $2.00. Vipsana pays
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Answer:

The average fixed cost is $2.4.

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Vipsana's Gyros House sells gyros.

The cost of ingredients​ to make a gyro is​ $2.00.  

Vipsana pays her employees​ $60 per day.  

She also incurs a fixed cost of​ $120 per day.

The cost incurred on ingredients and workers is a variable cost.  

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The average fixed cost for 50 gyros

= \frac{TFC}{Q}

= \frac{120}{50}

= $2.4

5 0
3 years ago
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