1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
slega [8]
3 years ago
14

The following transactions occur for Badger Biking Company during the month of June:

Business
1 answer:
Sladkaya [172]3 years ago
8 0

Answer:

Assets                                                 = Liabilities         + Stockholders' equity

Accounts receivable $31,000(+)                                    Revenue  $31,000(+)

Cash                            $23000 (+)

Accounts receivable $23,000(-)

Bike  equipment        $16,000(+)     notes payable $16,000(+)

Cash                           $3,100(-)                               retained earnings$3,100(-)

Explanation:

The first transaction increases assets (accounts receivable) by $31000 while revenue (stockholders' equity) increased by the same amount

The cash receipt of $23,000 increases asset cash by $23,000 and decreases an asset, accounts receivable by the same amount.

The purchase of an asset by notes payable increases asset, bike equipment by $16,000, while liabilities(notes payable) also increases by $16,000

The payment of utilities for $3,100 decreases asset (cash) by $3,100 while stockholders equity (retained earnings) decreases by same amount.

You might be interested in
In Chapter 7 bankruptcy a debtor
nalin [4]

Answer: A. is required to draw up a petition listing all assets and liabilities.

Explanation:

Bankruptcy simply refers to the legal whereby an economic entity is unable to repay their outstanding debts. In this case, the individual or business will need to sell its remaining assets in order to pay the liabilities.

Due to the above reason, then the debtor will be required by the government to list all of their assets and the liabilities that it owns and this will be used in determining whether the obligation has been fulfilled or not.

3 0
3 years ago
The chart lists three different sets of career qualifications in the Marketing, Sales, and Service career cluster.
KengaRu [80]

Answer:

The qualification that would best help Payal in getting a job in marketing manager is creativity and skills for analyzing. Option A is correct.

Marketing managers analyze industry trends and demand for products and services seeking to develop a strategy to market the product or service. Furthermore, they tend to help sales engineers, financial staff, and advertising companies to ensure they have a successful strategy to implement.

Explanation:

6 0
3 years ago
Courts have upheld the right of corporations to review the e-mail of employees who use company resources to send e-mail messages
Anna71 [15]

Answer:

Web brosers are not considered a company's resource.

Explanation:

The reasons behind this answer are that in the first place, the company does own the hardware or office equipment the employee uses to send the e-mails. Also, they own the time because they have the arrangement to acquire the employees' time and skills to develop certain tasks. Furthermore, the company's also own the software they paid for. However, web browsers are free to use and they don't require licenses to be used. Therefore, web browsers are not copay's resources.

7 0
3 years ago
Trevor Price bought 10-year bonds issued by Harvest Foods fi ve years ago for $936.05. Th e bonds make semiannual coupon payment
balu736 [363]

Answer: 11.14%

Explanation:

Buying price of bond = $936.05 -PV

Years investment held = n= 5*2

Rate of the Coupon = C = 8.4%

Frequency of payment = m= 2

Annual coupon = $1,000 × (0.084/2) = $42

Realized yield = i

Selling price of bond = PB = $1,048.77 = FV

Enter N= 10, PMT = $42, PV= -$936.05$, FV = 1,048.77

Answer 5.425%

The effective annual yield can be computed as:

EAY = (1+ Quoted m)^m -1

= (1+0.054)^2 - 1

=(1.054)^2- 1

=0.1114= 11.14

5 0
3 years ago
Vega Enterprises has computed the following unit costs for the year just ended: Direct material used $12 Direct labor 18 Variabl
andreev551 [17]

Answer:

Unitary cost= $84

Explanation:

Giving the following information:

Direct material used $12

Direct labor 18

Variable manufacturing overhead 25

Fixed manufacturing overhead 29

<u>The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead. </u>

Unitary cost= 12 + 18 + 25 + 29

Unitary cost= $84

7 0
3 years ago
Other questions:
  • When the economy is doing badly, which of the following workers is NOT likely to have fewer customers or patients who want their
    8·2 answers
  • The following information applies to the questions displayed below.) Waldorf Co. had the following transactions during the month
    9·1 answer
  • Which of the following will increase investment spending
    9·1 answer
  • Which of these statements is false? A company comparison should not be made with industry averages if the company does not clear
    11·1 answer
  • A record store that sells $1,000 woth of CDs per day to 40 customers ( the average cost of goods sold per unit is $12.50) How mu
    14·1 answer
  • Results Of<br>Distinguish between Single Entry System and Double Entry System accounts<br><br>​
    7·1 answer
  • Kali wants to start her own investment firm from scratch, so she's very focused on understanding the possible drawbacks of takin
    13·1 answer
  • The management of an SBU is addressing the issue of whether through investment and a new
    12·1 answer
  • What are the legal requirements to be fulfilled in order to start this business?
    6·1 answer
  • A change from straight-line depreciation to double-declining-balance depreciation would be reported as__________.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!