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irga5000 [103]
4 years ago
6

Following are the transactions of a new company called Pose-for-Pics.Aug. 1 Madison Harris, the owner, invested $6,250 cash and

$26,875 of photography equipment in the company in exchange for common stock. 2 The company paid $2,900 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $1,188 cash. 20 The company received $2,550 cash in photography fees earned. 31 The company paid $884 cash for August utilities.
Prepare an August 31 trial balance for Pose-for-Pics.
Business
1 answer:
madam [21]4 years ago
7 0

Answer:

Find attached trial balance as well the general ledgers prepared extracting trial balance

Explanation:

Preparation of trial balance  could not be carried out straightaway , I had to first of all prepare the relevant ledgers before extracting trial balance.

Download xlsx
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Carroll Corporation has two products, Q and P. During June, the company's net operating income was $28,000, and the common fixed
Kruka [31]

Answer:

$36,000

Explanation:

Calculation to determine what the segment margin for Product P was

Using this formula

Net operating profit= (Segment margin Q + Segment margin P) - Common fixed expenses

Let plug in the formula

28,000= (52,000 + segment margin P) -60,000

88,000= 52,000 + segment margin P

36,000= segment margin P

Therefore the segment margin for Product P was:$36,000

6 0
3 years ago
Comcast (CMCSA) is trading at 54.33. You decide to short sell 100 shares of their stock, providing 2850 in collateral to your br
s344n2d4d5 [400]

Answer: =-9.34%

Explanation:

Assuming the brokerage account pays no interest on your cash, the return, relative to the collateral will be calculated as:

= (Short sell price - dividend - Share buy price)/Capital employed

= (5433 - 100 - 5600) / 2850

= -267 / 2850

= -0.09368

=-9.34%

Note:

Short sell price = 54.33 × 100 = 5433

Dividend = 100

Share buy price = 56 × 100 = 5600

3 0
3 years ago
Bedeker, Inc., has an issue of preferred stock outstanding that pays a $3.35 dividend every year in perpetuity. If this issue cu
kolezko [41]

Answer:

k_{p} = 3.72%

Explanation:

We know,

The price of a preferred stock is calculated by dividing the dividends from preferred stock by the required rate of return of preference share. Assuming the stock is growing constantly.

The formula to calculate -

Price of preferred stock = Dividend from preferred stock ÷ required rate of return

Given,

Dividend from preferred stock = $3.35

Price of preferred stock = $90

Therefore,

$90 = $3.35 ÷ k_{p}

or, k_{p} = $3.35 ÷ $90

or, k_{p} = 0.0372

Hence, k_{p} = 3.72%

The required return = 3.72%

8 0
3 years ago
Burns Medicine Shop developed a website where customers could ask the pharmacists questions and could refill prescriptions onlin
daser333 [38]

Answer:

Option d: No statutes presently require websites to have or disclose a privacy policy.

Explanation:

A Privacy Policy

This is simply defined a legal document written statement that gives a clear description of how a company or website takes, analyse, handles and processes data of its customers mostly and a visitors. It gives or describes if the information is hidden.

Privacy laws in the world simply collect personal information from the website visitors, it is usually available with your mobile app. There has been no power put in place or statutes that require websites to have or disclose a privacy policy.

3 0
3 years ago
Joan Johnson is a paralegal for a large law firm that handles corporate and securities work. The lawyer for whom Joan works alwa
Mariulka [41]

Answer:

1. Based on her years of experience, Joan Johnson can answer the question by detailing the advantages and disadvantages of incorporating in each state for the client.

2. If Joan does not feel confident enough to address the question, then she can refer the matter to her supervisor.

3. If Joan answers, the client will derive immediate satisfaction and will be confident to continue the relationship with the firm.  This is because his awareness that the firm can address his questions is re-enforced.

4. If Joan does not answer the client immediately, the client may feel that the firm's personnel are not well-trained and are unable to handle not-too difficult technical issues.

Explanation:

A firm's clients usually require immediate clarifications whenever they ask their questions.  Therefore, an effective and efficient firm should ensure that its paralegal officers are well-trained and well-informed to handle initial client enquiries while the details are referred to their supervisors.

8 0
4 years ago
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