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Pavlova-9 [17]
3 years ago
13

Analyzing and Reporting Financial Statement Effects of Transactions M.E. Carter launched Carter Company, a professional services

firm on March 1. The firm will prepare financial statements at each month-end. In March (its first month), Carter executed the following transactions. Enter the transactions, a through g, into the financial statement effects template below. a. Carter (owner) invested in the company $200,000 cash and $40,000 in property and equipment. The company issued common stock to Carter. b. The company paid $6,400 cash for rent of office furnishings and facilities for March. c. The company performed services for clients and immediately received $8,000 cash earned. d. The company performed services for clients and sent a bill for $48,000 with payment due within 60 days. e. The company compensated an office employee with $9,600 cash as salary for March. f. The company received $20,000 cash as partial payment on the amount owed from clients in transaction d. g. The company paid $1,870 cash in dividends to Carter (owner).

Business
1 answer:
valentinak56 [21]3 years ago
7 0

Answer:

See explanation section

Explanation:

See the image below to get the answer:

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Cheapo Corporation sells products that are poorly made. Marcia, who has never bought a Cheapo product, files a suit against the
galina1969 [7]

Answer:

standing

Explanation:

Standing -

It refers to the situation , when the party who has filed the complaint on the court is not able to show any proof for the case filed , is referred to as standing .

It refers to the type of some medical report , any eye witness ,or any clue or proof against the other party , can be provided to the court .

Hence , from the given scenario of the question ,

The correct term is standing .

3 0
3 years ago
Universal Waste Disposal sold 1,350,000 shares of stock at $24.62 per share. The investment banker's commission was 5% of the va
Gre4nikov [31]
The proceeds that UWD received will be as follows:
Number of shares 1,350,000
share price $24.62
Amount realized from the shares:
1,350,000×24.62
=33,237,000

Total amount to be deducted will be:
(Commission+Accounting fees+legal fees+printing costs+selling expenses)
commission=$1,661,850
Accounting fees=$450,000
legal fees=$1,225, 000
printing cost=$275,000
selling expenses=$300,000

Total=(1,661,850+450,000+1,225,000+275,000+300,000)
=$3,911,850

The amount received will be:
33,237,000-3,911,850
=$29,325,150
4 0
3 years ago
Randy and Donald were property developers, and they decided to construct a condominium in a certain neighborhood. Jim, who owned
Andre45 [30]

Answer: incidental beneficiary

Explanation:

An incidental beneficiary refers to an individual who isn't a party to a contract but later becomes a third party beneficiary who is unintended to the contract.

It should be noted that the incidental beneficiary has no rights that are enforceable under the contract. With regards to the question, Jim suffered losses as a result, but he had no rights in the contract because he was an incidental beneficiary.

5 0
3 years ago
It is August 14th and John has just purchased 100 shares of Cash Cow Inc. for​ $1,200 with a settlement date of August 16th. Cas
sattari [20]

Answer:

A. John paid $0.00 for the dividend because he was not the shareholder of record on August 15th. Therefore, the dividend payment went to the previous owner of the stock.

Explanation:

Settlement date is the date on which ownership of share transfer to buyer of stock, it is normally two days after trade date.

Hope this will help, please do comment if you need any further explanation. Your feedback would be highly appreciated.

4 0
3 years ago
Michele manages employees at Maui Tours and Lodging. She has noticed that one of her employees submits via the computer system t
uranmaximum [27]

Answer: Bureaucratic

Explanation:

  The bureaucratic control is one of the process that is basically use for controlling the behavior on the basis of the price and the market mechanisms by using the various types of policies, documents and the rules in an organization.

The bureaucratic control is one of the important concept in an organization that is specifically used to ensure the effectiveness of the given function and the operation.

According to the given question, the given problem of Michele is typically known as the bureaucratic control process in an organization. Therefore, Bureaucratic control is the correct answer.  

     

7 0
2 years ago
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