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3 years ago

Presented below is information related to Windsor Company.

Business

1 answer:

zysi [14]3 years ago

7 0

Answer:

Date Account Titles Debit Credit

Oct 1 Cash $16,800

Common Stock $16,800

Oct 2 No journal entry - -

Oct 3 Office Furniture $2,500

Accounts Payable $2,500

Oct 6. Accounts Receivable $3, 400

Service Revenue $3,400

Oct 27 Accounts Payable $1,100

Cash $1,100

Oct 30 Salaries Expense $2,650

Cash $2,650

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All of the following are weaknesses of the payback period:_________ (You may select more than one answer. Single click the box w

sashaice [31]

Answer:

c. it ignores all cash flows after the payback period

d. it ignores the time value of money.

Explanation:

Payback period as far as capital budgeting is concerned can be regarded as time that is required for recouping of funds that is been expended during setting up of an investment, or the funds required to get to break-even point. It should be noted that weaknesses of the payback period are;

✓. it ignores all cash flows after the payback period

✓ it ignores the time value of money.

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3 years ago

If a store adds 50 chairs to its current inventory, the total number of chairs will be the same as three-halves the current inve

max2010maxim [7]

To answer this item, we let x be the current number of chairs. After adding 50 chairs to the current inventory, the total number of chairs would then be equal to x + 50. The equation that would allow us to determine the value of x is written below.

x + 50 = (3/2)(x)

Simplifying the equation,
x + 50 = 3x/2
x - 3x/2 = -50
-x/2 = -50

Dividing both sides of the equation by -1/2, the value of x is equal to 100.

To increase the inventory by 40%, the equation would be,
y = x(1.4) = 1.4(100) = 140

<em>ANSWER: 140 chairs</em>

8 0

3 years ago

The Baldwin Company currently has the following balances on their balance sheet: Total Liabilities $135,759 Common Stock $52,705

LiRa [457]

Answer:

The correct option is the third one,$250,687

Explanation:

The key to ascertaining is accounting equation which that assets equal capital plus liabilities.

This implies that by determining the capital and liabilities,total assets sorted out.

Common stock $52,705

*Retained earnings for the year $62,223

Total equity and retained earnings $114,928

total liabilities $135,759

Total equity and liabilities $250,687

Total assets=total equity and liabilities=$250,687

Retained earnings for the year=prior year retained earnings+net profit-dividends paid

prior year retained earnings $40,723

net profit is $36,500

dividends is $15,000

*retained earnings for the year=$40,723+$36,500-$15,000=$62223

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3 years ago

The organization of 183 countries, all of which have signed treaties to protect intellectual property rights, is known as

nignag [31]

It is known as "World Intellectual Property Organization".

In 1967 the World Intellectual Property Organization was created to encourage and protect intellectual properties. It is also part of United Nation's seventeen specialized agencies. Though it was started with 183 members, overtime the number increased and as of 2016 it had 189 members with headquarters in Switzerland.

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3 years ago

Sarasota Company has a factory machine with a book value of $86,300 and a remaining useful life of 7 years. It can be sold for $

RUDIKE [14]

Answer:

See the explanation for answer

Explanation:

Analysis showing whether the old machine should be retained or replaced is as prepared below:

Retain Replace Net Income

Equipment Equipment Increase(Decrease)

Variable manufacturing costs 43,63,100 32,32,600 11,30,500

New machine costs 0 3,59,000 -3,59,000

Sell old machine 0 -33,500 33,500

Total 43,63,100 35,58,100 8,05,000

The old factory machine should be replaced as there is increase in net income by 805,000 when old machine is replaced.

4 0

3 years ago