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3 years ago

Hello friends , please follow me so that we can be friends.

Business

2 answers:

hichkok12 [17]3 years ago

8 0

Answer:Hi JessyJazz!

Explanation: I would love to friend you

Klio2033 [76]3 years ago

6 0

Answer:

I also love making friends dude ✌✌I will surely follow you

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Jump Corporation has $2,500,000 of short-term debt it expects to retire with proceedsfrom the sale of 85,000 shares of common st

emmasim [6.3K]

Answer:

$1,700,000

Explanation:

Current liabilities is defined as the obligations a business owes to various parties that is due in less than a year.

Jump Corporation has $2,500,000 of short-term debt this is a current liability that can be reduced by issuing shares.

The shares are issued before the balance sheet is released, so the amount of short term debt that will be exude from current liabilities is the value of shares sold.

Value of shares = price of shares* number of shares

Value of shares= 20* 85,000

Value of shares = $1,700,000

3 0

3 years ago

A government's assets include inventory of $2 million, roads constructed for $25 million with accumulated depreciation of $10 mi

Murrr4er [49]

Answer:

yes

Explanation:

8 0

3 years ago

Global Corporation had 58,000 shares of $20 par value common stock outstanding on July 1. Later that day the board of directors

wolverine [178]

Answer:

Jul-01

Dr Retained Earnings $324,800

Cr Common stock dividend distributable $232,000

Cr Paid-in capital in excess of par value - Common stock 92,800

Explanation:

Preparation of the journal entry to record the dividend declaration is:

Jul-01

Dr Retained Earnings $324,800

(58,000 shares x 20% x $28)

Cr Common stock dividend distributable $232,000

(58,000 shares x 20% x $20)

Cr Paid-in capital in excess of par value - Common stock 92,800

(58,000 shares x 20% x $8)

8 0

3 years ago

Which of the following, identified in an analysis of the general environment, is an opportunity for an entrepreneur who wishes t

kvasek [131]

Answer:

a. The average age of the population in his community is high.

Explanation:

As the average age of the population in his community is high, it is an opportunity for an entrepreneur who wishes to open a business providing "Fitness for Life" physical conditioning services (strength, balance, and flexibility training) in a city of 100,000 people because people will be more interested in the physical conditioning services and they will be attracted towards it as when the age rises, people become more interested in the health related activities, therefore, chances are very high that this will pose a serious and profitable opportunity for the entrepreneur in that particular city. He or she can definitely capture this opportunity very handsomely and profitably.

5 0

3 years ago

Red Builders agrees to construct a new building for Blue Co. for a total contract price of $6,000,000. The estimated constructio

Evgesh-ka [11]

Answer: $300,000

Explanation:

Total expected costs = cost incurred to date + estimated cost to complete

= 1,200,000 + 3,600,000

= 4,800,000

$Percentage of completion=\frac{Cost\ incurred\ to\ date}{Total\ expected\ cost}\times 100$

$Percentage of completion=\frac{1,200,000}{4,800,000}\times 100$

= 0.25

= 25%

Profit = contract revenue - Total expected costs

= $6,000,000 - 4,800,000

= $1,200,000

Cumulative gross profit = Profit × Percentage of completion

= $1,200,000 × 0.25

= $300,000

Therefore, Red Builders should have recognized profit at the end of year 1 in the amount of $300,000.

4 0

3 years ago