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2 years ago

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By january 2014 the us population had grown to 317.3 million and the us federal debt was a reported $17.3 trillion. calculate th

e january 2014 federal debt per capita and use the calculation in a meaningful sentence.

1 answer:

Fudgin [204]2 years ago

3 0

Per capita means per person. You would take the total debt and divide by the number of people. That will give you federal debt per capita.

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Sunland Corporation has retained earnings of $708,900 on January 1, 2020. Net income during 2020 was $1,663,000, and cash divide

andriy [413]

Answer:

Beginning RE 708,900

prior period adjustment <u> 89,470 </u>

adjusted beginning RE 798,370‬

net income 1,663,000

cash dividends <u> (77,800) </u>

ending RE 2,383,570‬

Explanation:

The amend of the mistake is done to adjust the beginning retained earnings as it didn't occur in the current accounting cycle.

We have to added as it was posted as an expense something it wasnt Thus, our expense were overstated making a lower net income

then, we proceed normally by adding the net income and decreasing the cash dividends paid to arrive to ending RE

5 0

2 years ago

ohn joined the military during his senior year in high school with a deferred reporting date. He heard about jobs within the mil

nirvana33 [79]

Answer: a. Boot camp is the military's version of employee orientation.

Explanation:

To become an employee in a company, it is standard practice for the employer to give the employee an orientation so that they may be able to perform better at their jobs because they would know what is expected of them and how to go about achieving this.

This is the same for the military. When they send recruits to boot camps, they are doing their version of employee orientation because the recruit will learn what Uncle Sam expects from them and how they are to accomplish these tasks.

5 0

2 years ago

Select all that apply.

katrin [286]

The answer is memos, emails, and research papers.

7 0

2 years ago

Kilbuck Company operates in a lean manufacturing environment. Kilbuck applies conversion costs at a rate of $25 per unit. Kilbuc

Elza [17]

Answer:

The journal entry to record applied conversion costs for May will include a debit to raw and in-process inventory for $300,000.

Explanation:

Raw materials of all kinds are measured at the start and recorded into a list plus account, with a credit to the accounts collectible account, and a debit to the raw materials inventory account.

The accounting treatment will vary when raw materials are consumed speculating on their standard as direct or indirect materials.

Thus, the journal entry to record applied conversion costs for May will include a debit to raw and in-process inventory for $300,000.

3 0

2 years ago

Read 2 more answers

JackITs has 5.0 million shares of common stock outstanding, 1.0 million shares of preferred stock outstanding, and 20.00 thousan

Leya [2.2K]

Answer:

80.88; 7.80; 11.32

Explanation:

Common Stock:

Value = Number × Price

= 5,000,000 × $28

= $140,000,000

Preferred Stock:

Value = Number × Price

= 1,000,000 × $13.50

= $13,500,000

Bonds:

Value = Number × Price

= 20,000 × $980

= $19,600,000

Total value = $140,000,000+ $13,500,000 + $19,600,000

= 173,100,000

Weight of common stock = Respective Value ÷ Total Value

= $140,000,000 ÷ 173,100,000

= 80.88

Weight of preferred stock = Respective Value ÷ Total Value

= $13,500,000 ÷ 173,100,000

= 7.80

Weight of Bonds = Respective Value ÷ Total Value

= $19,600,000 ÷ 173,100,000

= 11.32

7 0

2 years ago