Answer:
Cash 20,200 debit
Sales revenue 20,200
COGS 15,500
Finished Goods Invenotry 15,500
Explanation:
The revenue will be recognize by the amount billed to the customer. It is paying on cash, so our cash increases. We record that by debiting cash.
And we credit the sales revenue to increase our revenue.
Then we recognize the cost of goods sold, which are 15,500
This decrease our finished goods inventory by this ammount. Also, we post the expense for the cost of the goods sold.
Answer:
$34.62
Explanation:
Lee's manufacturing value of operation is $900 million after recapitalization
The firm has no amount of debt Before this
They also had no short term investments before the recap
After the recap wd= 1/3
Lee's had 26 million before the recap
The first step is to calculate the value of equity after recap
= (1-1/3) × 900 million
= 0.6667 × 900 million
= 600 million
Therefore the stock price after the recap can be calculated as follows
= 600 million + (300 million - 0)/26 million
= 600 million + 300 million /26 million
= 900 million/26 million
= $34.62
Hence the stock price after the recap is $34.62
The type of contract that is missing from the this list of contracts covered by the Florida statute of frauds: sales contracts, option contracts, listing agreements for a term exceeding a year, deeds and mortgage instruments, and easements.
<h3>What is the Florida statute of Fraud?</h3>
This is the law that has it that all agreements has to be done in writing so as to be made enforceable.
The goal is to try to prevent issues where people may want to defraud others .
Read more on the statute of Fraud here:
brainly.com/question/14854791
#SPJ1
Identity management is a broad administrative area that deals with identifying individuals in a system (such as a country, a network, or an enterprise) and controlling their access to resources within that system by associating user rights and restrictions with the established identity.
Explanation:
Identity Management (ID Management) is also an organisational method to define, authenticate and authorise individuals or groups of people by connecting permission and restrictions with existing identities to access software, systems or networks.
IDM applications come under underlying IT and data processing parasols.
The IdM addresses topics about how people obtain an identification, the responsibilities and, at times, the rights given by an identification, and the tools that help secure that identity.
Answer:
Dr Cash account 100
Cr Common Stock account 100
Explanation:
When a company sells stock they must record the value of the stock sold at par value in the common stock account. Any extra money received should go to the capital paid-in excess of par value account.
In this case, Niren sold 100 shares at par value ($1), so $100 should be recorded in the common stock account.