After closing the only owner's equity account that remains open is the _________

The Physical Inventory Worksheet is used when: Multiple Choice inventory items are physically placed in the warehouse All of the

maw [93]

Answer:

taking a physical count of inventory on hand

Explanation:

The Physical Inventory Worksheet is used when taking a physical count of inventory on hand. This is the only way to tell how many items are really available for sale and allows a business to do it efficiently. An example would be counting the number of steaks the restaurant has on hand on a Saturday afternoon. This also allows the business to analyze the expected sales with the actual inventory in order to determine whether or not they need more.

7 0

4 years ago

On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 25,000 shares of $20 par common stock at $68, a

sashaice [31]

Answer:

$3,130,000

Explanation:

For computing the total amount invested, first we have to pass the journal entries which are shown below:

Cash A/c Dr $1,700,000 (25,000 shares × $68)

To Common Stock $500,000 (25,000 shares × $20)

To Additional Paid-in Capital in excess of par - Common Stock $1,200,000

(Being the issuance of stock is recorded and the remaining balance is credited to the additional paid-in capital account)

Cash A/c Dr $1,430,000 (130,000 shares × $11)

To Preferred Stock $1,040,000 (130,000 shares × $8)

To Additional Paid-in Capital in excess of par - Preferred Stock $390,000

(Being the issuance of stock is recorded and the remaining balance is credited to the additional paid-in capital account)

Now the total amount invested would be

= $500,000 + $1,200,000 + $1,040,000 + $390,000

= $3,130,000

7 0

4 years ago

Name of marcus and angela's son on for better or worse

denpristay [2]

Bobb'e J. Thompson<span> (</span><span>Marcus "M.J." Williams, Jr)</span>

7 0

3 years ago

I want to have a college fund for my daughter. She is 5, so I have 13 years to achieve my goal of $50,000. The bank says I can e

Tju [1.3M]

Answer:

$2960 yearly savings

Explanation:

From the values given and from mathematical manipulation, he or she needs a contribution of at least $2900 every year in order to achieve his goal of $50,000.

EXPLANATION

If the child is 5yr old now, in 13years time, she will be 18yr old.

$2950 target yearly

for the next 13years, it would have amount to $38350

remember the bank will give an annual interest rate of 2%

so for 13years, that's 26% = 0.26

In the 13th year, he would have saved $38350, add the 26% interest for the duration of 13years = 26% x $38350 + $38350 = $48321

His savings will fall between $2950 - $2960 yearly.

3 0

3 years ago

As noted in your text, global segmenting, targeting, and positioning are more complicated than domestic segmenting and positioni

Scrat [10]

Answer:

C) differences in the way consumers see themselves and in the way they see products and services.

Explanation:

People from different cultures tend to think that everyone thinks similarly to them, but actually people from different cultures view themselves differently.

For example, Arab states are very warm and have a lot of sunshine, but if you try to sell bikinis you will probably go bankrupt before selling any because culturally Arab women use a lot of clothes even at the beach.

India is the country with the most cattle in the world, but they do not eat beef, so McDonald's probably had to change their recipe when they started operating there.

7 0

4 years ago

After closing the only owner's equity account that remains open is the __________ account.