All categories

3 years ago

The following transactions occur for the Hamilton Manufacturers.

Business

1 answer:

Radda [10]3 years ago

7 0

Answer:

The answer is stated below:

Explanation:

The accounting equation is as follows:

Assets = Liabilities + Stockholders' Equity

Analyzing the transactions:

1. The service is provided to customer on account, which result in increase in assets and the stockholders' equity

So,

Assets = Liabilities + Stockholders' equity

+ $4,000 = $0 + +$4,000

2. The equipment is purchased by signing a note, which result in increase in liability and also increase in the assets.

So,

Assets = Liabilities + Stockholders' equity

+ $10,500 = +$10,500 + $0

3. Paid for the advertising, which result in decrease in cash as well as decrease in the equity of the company.

So,

Assets = Liabilities + Stockholders' equity

- $1,200 = $0 + -$1,200

You might be interested in

If you had to plan an event or party soon, what would be some suggested themes you would have for a party within the next few mo

Pani-rosa [81]

Answer:

Explanation:

I would do a game party. There would be bored games, such as twister monopoly, and if it is hot, I would do a game called wet head. for the decorations, I would make the house filled with balloons, and then I would do chips and salsa, cake, icecream, and pizza.

6 0

3 years ago

Read 2 more answers

During 2004, Thor Lab supplied hospitals with a comprehensive diagnostic kit for $120. At a volume of 80,000 kits, Thor had fixe

Diano4ka-milaya [45]

Answer:

d. $240.00

Explanation:

Calculation to determine what should the 2005 price be if Thor is to make the same $200,000 profit before income taxes?

2004 CM% = 12.5% ($15/$120)

2005 CM = $2,400,000 ($1,000,000 + $200,000)

2005 CM per unit = $2,400,000/80,000 units

2005 CM per unit= $30 CM per unit;

2005 selling price per unit = $30/.125

2005 selling price per unit= $240

Therefore what should the 2005 price be if Thor is to make the same $200,000 profit before income taxes is $240

6 0

3 years ago

Yard Tools manufactures lawnmowers, weed-trimmers, and chainsaws. Its sales mix and unit contribution margin are as follows.

Firlakuza [10]

Answer:

Lawnmowers= 45,726

Weed-trimmers= 114,314

Chainsaws= 68,589

Explanation:

Giving the following information:

Sales Mix - Unit Contribution Margin

Lawnmowers 20 % $34

Weed-trimmers 50 % $24

Chainsaws 30 % $37

Yard total has fixed cost of $6,836,000

Based on the weighted average sales participation and the unit contribution margin, we can calculate the weighted average contribution margin for the whole company. We need it to calculate the break-even point in units.

Break-even point (units)= Total fixed costs / (weighted average selling price - weighted average variable expense)

Weighted average contribution margin= sales participation per product* unitary contribution margin

Weighted average contribution margin= (0.20*34) + (0.5*24) + (0.3*37)= 29.9

Break-even point (units)= 6,836,000/ 29.9= 228,629 units

<u>Now, we can calculate the required units for each product:</u>

Lawnmowers= 0.20*228,629= 45,726

Weed-trimmers= 0.50*228,629= 114,314

Chainsaws= 0.3*228,629= 68,589

4 0

3 years ago

Which of the following is the appropriate rank of sectors (from lowest to highest percentage) of the U.S. Gross Domestic Product

Brilliant_brown [7]

Answer:

B). Agriculture, Industry, Services.

Explanation:

The United States is a highly developed country owning a mixed economy. Its GDP and net wealth makes it the largest economy of the world. The economy of the United States in divided into three major sectors i.e. Agriculture or the primary sector, the Industrial sector, and the service sector. The service sector contributes most to the US economy with 68% of its contribution. The primary sector contributes 5.4% to the GDP and the industry with 26.6% of its contribution to the development of U.S. economy. Thus, <u>option B</u> is the correct answer.

6 0

3 years ago

Over the past decade consumer incomes have risen by 20 %. During that : transport has decreased by 10 %. Which of the following

umka21 [38]

Answer:

The Correct answer is "Public transport is an inferior good".

However, it is identified that the Public transport is an inferior good it highlighted the facts that if there should arise an occurrence of substandard great, As, the increment in income of an individual prompts to decline in the amount of demand and vice versa.

4 0

3 years ago

Read 2 more answers