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3 years ago

This information relates to McCall Real Estate Agency.

Business

1 answer:

inn [45]3 years ago

6 0

Answer:

Oct. 1

Cash $33,540 (debit)

Common Stock $33,540 (credit)

Being Investment made by Stockholders

Oct. 2

Salaries Expense $3,460 (debit)

Salaries Payable $3,460 (credit)

Being administrative assistant hired

Oct. 3

Office furniture $3,690 (debit)

Accounts Payable $3,690 (credit)

Being Office Furniture Purchased on Account

Oct. 6

Accounts Receivable $11,190 (debit)

Commission Earned $11,190 (credit)

Being Commission earned not yet paid

Oct. 10

Cash $155 (debit)

Commission Earned $155 (credit)

Being commission earned and paid up

Oct. 27

Accounts Payable $660 (debit)

Cash $660 (credit)

Being payment of office furniture

Oct. 30

Salaries Payable $3,460 (debit)

Cash $3,460 (credit)

Being payment of October Salary to administrative assistant

Explanation:

The Journal Entry and Narrations are given above.

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Vineyard Corporation, a manufacturer of fine wines, began the year 2016 with 20,000 bottles in inventory. The company estimated

zimovet [89]

Answer:

Desired Ending Inventory for the second quarter is 25,000 bottles

Explanation:

Vineyard Corporation

1st Quarter

Beginning Inventory 20,000

Budgeted Sales 200,000 bottles,

Ending Inventory 15,000 bottles ( 10% of the 2nd quarter's sales)

As the management has already decided that an ending inventory of 10% of the subsequent quarter's sales is appropriate therefore we get Ending inventory by finding 10% of the subsequent quarter sales.

Vineyard Corporation

2nd Quarter

Beginning Inventory 15,000

Budgeted Sales 150,000 bottles,

Ending Inventory 25,000 bottles ( 10% of the 3rd quarter's sales)

(250,000*10/100= $ 25,000)

Vineyard Corporation

3rd Quarter

Beginning Inventory 25,000

Budgeted Sales 250,000 bottles,

Ending Inventory 40,000 bottles ( 10% of the 4th quarter's sales)

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3 years ago

A human service worker has to get a plan of action for a juvenile offender she discovers you skipped a couple of counseling sess

Annette [7]

Yes I do have it on the

8 0

3 years ago

A customer who is long 500 shares of xyz writes 7 calls against the position. this is an example of

taurus [48]

Answer: Covered Call

When a person holds a stock and writes (sells) calls on the same stock, the strategy is known as a covered call.

A person can opt for this strategy if he has a neutral view on the stock, but wants to generate an income stream by receiving premiums by writing the call option.

The risk involved in this strategy occurs when the stock price moves above the strike price. In this scenario, the covered call writer has to deliver the shares when the call is exercised. He doesn’t benefit from an increase in price.

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4 years ago

If a person is risk averse, then she has a. diminishing marginal utility of wealth, implying that her utility function gets flat

Mademuasel [1]

Answer:

The answer is: A) diminishing marginal utility of wealth, implying that her utility function gets flatter as wealth increases.

Explanation:

If an investor is risk averse, he or she will earn a lower return rate than a non risk averse investor. As his or her wealth increases, the total utility of wealth increases but at a decreasing rate. This means that the utility function gets flatter as wealth increases for a risk averse investor.

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3 years ago

In order to lose weight, energy expenditure must exceed energy intake. negative energy balance occurs when the body is using mor

cupoosta [38]

Arthur will have to expend the energy that is stored in the 8-week period, and we may calculate this using the provided information.

Total fat stored = 12 lb
Total energy = 12 * 3500 = 42,000 kcal
Per week, he has to have a negative balance of:
42,000 / 8 = 6,000 calories

First, we write the daily input:
3,000 kcal

Output:
1,800 kcal (basal metabolic rate)

Negative balance:
6,000

Burned:
b

Now, we may use the equation:

Input = deficit + output + burned

burned = 3,000 - 6,000 - 1800

Arthur must burn a total of 4,800 kcal daily if he wishes to lose that much weight in the given amount of time.

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4 years ago