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goldenfox [79]
3 years ago
11

Dorothy Crusher is a licensed CPA. During the first month of operations of her business (a sole proprietorship), the following e

vents and transactions occurred.April 2 Invested $34,830 cash and equipment valued at $15,540 in the business.2 Hired a secretary-receptionist at a salary of $320 per week payable monthly.3 Purchased supplies on account $830. (Debit an asset account.) 7 Paid office rent of $630 for the month.11 Completed a tax assignment and billed client $1,360 for services rendered. (Use Service Revenue account.)12 Received $3,940 advance on a management consulting engagement.17 Received cash of $2,950 for services completed for Ferengi Co.21 Paid insurance expense $150.30 Paid secretary-receptionist $1,280 for the month.30 A count of supplies indicated that $130 of supplies had been used.30 Purchased a new computer for $7,000 with personal funds. (The computer will be used exclusively for business purposes.)Journalize the transactions in the general journal.
Business
1 answer:
tensa zangetsu [6.8K]3 years ago
4 0

Answer:

Explanation:

April 2

Dr Cash  34,830

Dr Equipment 15,540

    Cr Owner's capital 50,370

April 2

no entry

April 3

Dr Supplies 830

       Cr Accounts payable 830

April 7

Dr Rent expense 630

        Cr Cash 630

April 11

Dr Accaunts receivable 1360

    Cr Service Revenue          1360

April 12

Dr Cash 3940

     Cr Unearned service revenue 3940

April 17

Dr Cash 2950

     Cr Service Revenue 2950

April 21

Dr Insurance expense 150.30

    Cr Cash 150.30

April 21

Dr wages expense 1280

    Cr Cash                      1280

April 30

Dr Supplies expense 130

     Cr Supplies                130

April 30

Dr Equipment 7000

    Cr Owner's capital 7000

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vlada-n [284]

Answer:

Following steps are followed to carry out research for declining sales,

Define the problem

List possible solution

Evaluate each alternative solution

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Implement the solution

Measure results

Explanation:

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8 0
3 years ago
Can Anybody Help? Need All 4 Questions Answered
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Answer:

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3 0
3 years ago
Meiji Isetan Corp. of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisio
abruzzese [7]

Answer:

Please check the info below

Explanation:

1. For Osaka

Margin =  Net Operating Income / Sales *100

= $ 792000 / $9900000 *100

= 8.00%

Turnover = Sales / Average Operating Assets * 100

= $ 9900000 / $ 2475000 * 100

= 4.00%

ROI =  Margin * Turnover

= 8% *4 %

= 32.00%

Hence the correct answer is 32.00%

For Yokohama :

Margin =  Net Operating Income / Sales *100

= $ 2900000 / $ 29000000*100

= 10.00%

Turnover = Sales / Average Operating Assets * 100

= $ 29000000 / $ 14500000* 100

= 2.00%

ROI =  Margin * Turnover

= 10% *2 %

= 20.00%

Hence the correct answer is 20.00%

2. The correct answer is  

Osaka = $ 371,250

Yokohama = $ 435,000

3. The correct answer is No

This is because since Osaka has a higher ROI, Yokohama’s greater amount of residual income is not an indication that it is better managed

4 0
3 years ago
You are evaluating shares in Honeywell International (HON). They currently pay an annual dividend of $4.00 per share this year a
xxTIMURxx [149]

Answer:

$84

Explanation:

Calculation for what is the value of HON shares

Using this formula

Value of HON shares=(Expected dividend next year)/(Discount rate -Growth rate of dividend)

Let plug in the formula

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Value of HON shares= (4.2/ .05)

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Why is it best to pay expenses for your business with a check, not with cash?
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