Ask question

Ask question

All categories

3 years ago

7

Jayda started a corporation that creates software products for clients. Which statement correctly reflects Jayda’s role in the c

orporation?

1 answer:

ki77a [65]3 years ago

6 0

What were the answer choices

You might be interested in

Alyeska Services Company, a division of a major oil company, provides various services to the operators of the North Slope oil f

Cloud [144]

Answer and Explanation:

The computation is shown below:

a. The margin is

= Net operating income ÷ Sales

= $5,200,000 ÷ $18,600,000

= 27.96%

b. The turnover is

= Sales ÷ average operating assets

= $18,600,000 ÷ $35,200,000

= 0.53 times

c. The return on investment is

= Net operating income ÷ average operating assets

= $5,200,000 ÷ $35,200,000

= 14.77%

Hence, the above formulas to be applied

4 0

3 years ago

Majesty Productions accepted a $7,200, 120-day, 6% note from Swartz Studio on March 1. On the date the note matures, Swartz is u

weeeeeb [17]

Answer:

D. Debit Accounts Receivable $7,344; credit Interest Revenue $144; credit Notes Receivable $7,200.

Explanation:

Interest: $7,200 × .06 × 120/360 = $144

The entry that Majesty should record on the maturity date for this dishonored note is :

Debit Accounts Receivable $7,344

Credit Interest Revenue $144

Credit Notes Receivable $7,200.

5 0

3 years ago

Read 2 more answers

What is Benartzi's solution to all of these behavioral challenges that effect personal finance? How does improved personal finan

prohojiy [21]

A leading behavioral economist shows how businesses can improve consumer thinking and decision making on screens. acclaimed behavioral economist shlomo bernatzi reveals a toolkit or interventions for the digital age. using provocative case studies and engaging reader exercises.

7 0

3 years ago

American Food Services, Inc., acquired a packaging machine from Barton and Barton Corporation. Barton and Barton completed const

Simora [160]

Answer:

Following are the solution to this question:

Explanation:

$Answer \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ Installment \ Amount \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ = \frac{4700000}{PVAF(11\%,4)} = 1,514,934$

$Answer \ 1 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ Machinery A/c \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 4,700,000\\\\$

$\text{To Lease Payable} A/C \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 4,700,000 \\\\ \text{(Being machine purchased on lease)}$

$Answer \ \ 2$ $years \ \ \ \ \ \ \ \ Outstanding \ \ Amount \ \ \ \ \ \ \ \ Installment \ \ \ \ \ \ \ \ Interest (11 \%) \ \ \ \ \ \ \ Closing \ on \ Due \\\\$ $0 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 4,700,000 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 4,700,000 \\\\1 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 4,700,000 \ \ \ \ \ \ \ \ \ \ \ \ 1514934 \ \ \ \ \ \ \ \ \ \ \ \ \ \ 517000 \ \ \ \ \ \ \ \ \ \ \ \ 3702066\\\\$

$2 \ \ \ \ \ \ \ \ \ \ \ \ \ \ 3,702,066 \ \ \ \ \ \ \ \ \ \ \ \ \ \ 1514934 \ \ \ \ \ \ \ \ \ \ \ \ \ \ 407227 \ \ \ \ \ \ \ \ \ \ \ \ \ \ 2594359 \\\\3 \ \ \ \ \ \ \ \ \ \ \ \ \ \ 2,589,359 \ \ \ \ \ \ \ \ \ \ \ \ \ \ 1514934 \ \ \ \ \ \ \ \ \ \ \ \ \ \ 285380 \ \ \ \ \ \ \ \ \ \ \ \ \ \ 1364805\\\\4 \ \ \ \ \ \ \ \ \ \ \ \ \ \ 1,364,805 \ \ \ \ \ \ \ \ \ \ \ \ \ \ 1514934 \ \ \ \ \ \ \ \ \ \ \ \ \ \ 150129 \ \ \ \ \ \ \ \ \ \ \ \ \ \ 0 \\\\$

$Answer \ \ 3 \ \ \ \ \ \ \ \ \ \ \ \ \ \ Lease Payable \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 997,934$

$expenses \ \ Interest \ \ \ \ \ \ \ \ \ \ \ \ \ \ 517,000\\\\ To\ \ cash \ A/c \ \ \ \ \ \ \ \ \ \ \ \ \ \ 1,514,934 \\\\ \text{(First Installment Paid)}$

$Answer \ 4 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ Lease payable \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 1,229,554$

$expenses \ \ Interest \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 285,380\\\\ To cash A/c \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 1,514,934\\\\ \text{(Third Installment Paid)}$

6 0

2 years ago

After reading the paragraph below, answer the question that follows. Americans spend up to $100 billion annually for bottled wat

saul85 [17]

141 gallons of bottles of water

6 0

2 years ago