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4 years ago

For the current year ended, ABC had the following transactions:

Business

1 answer:

ioda4 years ago

5 0

Answer:

Explanation:

Base on the scenario been described in the question, the correct answer is: 20,000– Common Stock, 235,000– Retained Earnings, 100,000– Additional Paid in Capital - Common Stock, $150,000– Preferred Stock, 550,000– Total Stockholders Equity, 60,000– Additional Paid in Capital - Preferred Stock.

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The Roberts family just received news from Jo-Anne Roberts' employer that she was receiving a prestigious promotion to Corporate

vazorg [7]

Answer:

Of course Jo-Anne Roberts can keep the apartment.

Explanation:

Jo-Anne and the previous owner of the apartment had a valid contract by which Jo-Anne was to pay $3.7 million for the apartment. She has already partially completed her performance on the contract, so the seller must perform his part of the contract.

8 0

3 years ago

What is the key to economics? Explain.

Lady_Fox [76]

Answer:

At the most basic level, economics attempts to explain how and why we make the purchasing choices we do.

Explanation:

this was a answer from my school

6 0

3 years ago

Read 2 more answers

Select the correct answer.

Dima020 [189]

The correct option is A

Explanation:

Under the accrual basis of an accounting system, an expense has to be booked in the period in which it is incurred whether such an expense has been paid or not.

The following Journal Entry will be passed in the books of accounts of a company:

Wages account will be debited with an amount of 5000 and Wages Payable account will be credited with an amount of 50000

Thus, the correct answer will be option A from the given options.

5 0

3 years ago

What are the nearest cross streets to carnegie deli?

cricket20 [7]

The Carnegie Deli was an iconic small delicatessen chain based in New York City. Its main branch, opened in 1937 adjacent to Carnegie Hall, was located at 854 7th Avenue (between 54th and 55th Streets) in Midtown Manhattan.

hope this helped :)
alisa202

5 0

4 years ago

An office building and its equipment are insured to $7,100,000. The present annual insurance premium is $0.85 per $100 of covera

andrew11 [14]

Answer:

a) 14.74%.

b) 13 years

Explanation:

a. Find the rate of return if the sprinkler system is installed.

P = -$18,000 - $360(P/A,i,20) + ($0.45)($7,100)(P/A,i,20)

= (P/A,i,20)=18000/2835 = 6.35

= $\frac{(1+i)^{20} -1 }{i(1+i)^{20}}$ = 6.35

Solving for i we get,

i =14.74%.

b. With interest at 12%, find the payout period for the sprinkler system.

P = -$18,000 - $360(P/A,12%,n) + ($0.45)($7,100)(P/A,12%,n)

(P/A,12%,n) = 18000/2835 = 6.35

= $\frac{(1+0.12)^{n} -1 }{0.12(1+0.12)^n}$ = 6.35

Using numerical solving to find the real roots of this equation (using a calculator, or Excel), we get n≅12.67 = 13 years. This means the payout period is about 13 years.

7 0

3 years ago