<span>Part 1a:
</span>
<span>the transactions that create expenses for valdez services are:
a. the company paid $12,200 cash for payment on a 16-month old liability for office supplies.
b. the company paid $1,233 cash for the just completed two-week salary of the receptionist.
c. the company paid $39,200 cash for equipment purchased.
d. the company paid $870 cash for this month's utilities.
</span>
Part 1b:
The <span>general journal entries recording the transactions of Valdez services is attached.
Part 2.
</span>
<span>The income statement of Carmen Camry for the August is attached.
Part 3:
The statement of owner's equity of Carmen Camry for August is attached.
Part 4:
</span>The <span>general journal entries recording the transactions of Hannah Venedict is attached</span>
Answer:
The second alternative is the better alternative. That is, it is better to build first stage only is now for $40,000,000, and the balance in 20 years time.
Explanation:
Note: See the attached excel file for the calculation of the present values of the total cash outflows of the two alternatives.
From the attached excel file, we have:
r = interest rate = 6%
Present values of the total cash outflows of the first alternative = -$122,662,039
Present values of the total cash outflows of the second alternative = -$94,492,585
Based on the above, since the present values of the total cash outflows of the second alternative of $94,492,585 is less than the present values of the total cash outflows of the first alternative of $122,662,039, the second alternative is therefore the better alternative. That is, it is better to build first stage only is now for $40,000,000, and the balance in 20 years time.
Answer:
A. $0 recognized gain/loss; $375,000 basis
Explanation:
Please see attachment.
Answer:
Reduction in the cost of beef