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Sloan [31]
3 years ago
6

Record the necessary entries in the Journal Entry Worksheet below

Business
1 answer:
Snezhnost [94]3 years ago
5 0

Explanation:

The journal entries are shown below:

1. Salaries expense A/c Dr $1,200       ($400 × 3 days)

      To Salary payable A/c Dr $1,200

(Being the accrued salary is recorded)

The 3 days are calculated from December 28 to December 31

2. Salaries expense A/c Dr $4,400         ($400 × 11 days)

Salary payable A/c Dr $1,200

                       To Cash A/c $5,600

(Being the payment is recorded)

3. Now the adjusted balance of Salaries Payable is

= Salaries Payable before adjustment in 2015 + Adjusted balance

= $0 + $1,200

= $1,200

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On December 31, 2018, a company had assets of $34 billion and stockholders' equity of $28 billion. That same company had assets
Orlov [11]

Answer:

131.6%

Explanation:

Total assets is $50 billion

Liabilities = 50-stock holder equity which is $12 billion

= 50-12

= $38 billion

Therefore the debt to assets ratio can be calculated as follows

= 50 billion/38 billion

= 1.3157×100

°= 131.6

Hence the debts to assetsrayion is 131.6%

7 0
3 years ago
Many tax professionals and advisers recommend adjusting your W-4 allowances so that
seropon [69]
Adjusting your W4 allowances could mean ensuring that you get one allowance for oneself, one for one's spouse, and one for each child so that the tax that your employer deducts from your pay is less. In Canada this would be like a personal tax credit.
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3 years ago
Eight months ago, you purchased 400 shares of Winston, Inc. stock at a price of $54.90 a share. The company pays quarterly divid
DIA [1.3K]

Answer:

c)    - 8.4%

Explanation:

<em>The return on a stock is the sum of the capital gains(loss) plus the dividends earne</em>d.

<em>Capital gain is the difference between he value of the stocks when sold and the cost of the shares when purchased.</em>

<em>Total shareholders Return = </em>

<em>(Capital gain/ loss + dividend )/purchase price  ×  100</em>

So we can apply this to the formula:

<em>Dividend</em> = $0.5 × 2 = $1

<em>Capital loss</em> = $49.30 - 54.90

% return =( $1 + ($49.30 - 54.90))/54.90

=-8.4%

Total percentage return on this investment = -8.4%

6 0
3 years ago
If the demand curve for a new brand of golf balls has the following two points on it, P1 = $15, Q1 = 1,200 and P2 = $25, Q2 = 80
liq [111]

Answer:

b only ll and V are correct.

5 0
3 years ago
Wyatt Oil presently pays no dividend. You anticipate Wyatt Oil will pay an annual dividend of $0.56 per share two years from tod
erastovalidia [21]

Answer:

The value of a share of Wyatt Oil today is %6.25.

Explanation:

Value after of a share year 2 = (D2*Growth rate)/(Cost of capital-Growth rate)

                        = (0.56×1.04)/(0.12-0.04)

                       = $7.28  

the current value = Future dividends×Present value of discounting factor(12%,time period)

=0.56/[(1.12)^2] + 7.28/[(1.12)^2]

= $6.25

Therefore, the value of a share of Wyatt Oil today is %6.25.

5 0
3 years ago
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