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ollegr [7]
3 years ago
14

Bearcat Construction begins operations in March and has the following transactions.

Business
1 answer:
vesna_86 [32]3 years ago
8 0

Answer:

March 1 Issue common stock for $21,000.

  • Dr Cash 21,000
  •     Cr Common stock 21,000

March 5 Obtain $9,000 loan from the bank by signing a note.

  • Dr Cash 9,000
  •     Cr Notes payable 9,000

March 10 Purchase construction equipment for $25,000 cash.

  • Dr Equipment 25,000
  •     Cr Cash 25,000

March 15 Purchase advertising for the current month for $1,100 cash.

  • Dr Advertising expense 1,100
  •     Cr Cash 1,100

March 22 Provide construction services for $18,000 on account.

  • Dr Accounts receivable 18,000
  •     Cr Service revenue 18,000

March 27 Receive $13,000 cash on account from March 22 services.

  • Dr Cash 13,000
  •     Cr Accounts receivable 13,000

March 28 Pay salaries for the current month of $6,000.

  • Dr Salaries expense 6,000
  •     Cr Cash 6,000
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Lindsay's company plans to release a new version of its signature television set. This television will have more advanced featur
allsm [11]

Answer:

D. product modification.

Explanation:

This is an example of <u>Product Modification</u> <u>which refers to the improvement of the existing products by making necessary changes </u>in terms of features, quality, etc,.The purpose of the product modification is to maintain existing demand, attract new users and to face the competitors effectively to increase the profits of the enterprise also as here Lindsay's company plans to release a new version of its signature television set having advanced features, including better sound quality and high definition to maximize its profits and defeat the competitors.

7 0
3 years ago
Which type of account typically has very high liquidity, low or no interest, and low minimum balance?
oksian1 [2.3K]
A Checking Account would.
3 0
3 years ago
In the obsolescing bargain situation, bargaining power of the host country government will be stronger when the MNC has made lar
patriot [66]

Answer:

True

Explanation:

The obsolescing bargain is a model of interaction between a multinational enterprise and a host country government, which initially reach a bargain that favors the MNE but where, over time as the MNE's fixed assets in the country increase, the bargaining power shifts to the government

4 0
4 years ago
The accounting records for the Fox Hollow Company show that its cost of goods sold for the year was $300,000. In addition, it ha
timurjin [86]

Answer:

Cash paid will be equal to $311000

Explanation:

We have given cost of goods sold = $300000

Increase in inventory = $5000

Decrease in account payable = $6000

We have to find the amount of cash paid to the suppliers.

Amount of cash paid to the suppliers will be equal to

Cash paid = amount of goods sold + increase in inventory + decrease in account payable.

= $300000+$5000+$6000 = $311000

So cash paid will be equal to $311000

7 0
4 years ago
An unsecured loan...
labwork [276]

Answer:

is not connected to collateral and, therefore, a higher risk for lenders

Explanation:

Unsecured loans are the loans issued without any securities attached to them. The lender relies on the borrower's creditworthiness as the basis for granting the loan. Unsecured loans are mostly available to salaried workers whose pay is processed by the lending institutions.

Unsecured loans pose a higher risk to the lender because they are not backed by any collateral. For this reason, they attract a higher interest rate than secured loans.

3 0
3 years ago
Read 2 more answers
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