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attashe74 [19]
3 years ago
8

From the ledger balances below, prepare a trial balance for Cullumber Company at June 30, 2017. All account balances are normal.

Accounts Payable $8,750, Cash $8,000, Common Stock $22,800, Dividends $2,550, Equipment $18,050, Service Revenue $7,750, Accounts Receivable $4,750, Salaries and Wages Expense $3,200, Rent Expense $2,750.
Business
1 answer:
V125BC [204]3 years ago
7 0

Explanation:

The preparation of the trial balance is presented below:

                                       Cullumber Company

                                           June 30, 2017

                                              Trial Balance  

Particulars                                   Debit                                      Credit  

Service revenue                                                                         $7,750

Cash                                           $8,000

Accounts Payable                                                                       $8,750

Common stock                                                                            $22,800

Dividend                                      $2,550                                                

Equipment                                   $18,050

Rent  expense                             $2,750

Salaries and wages expense      $3,200

Accounts receivable                   $4,750

Total                                             $39,300                                  $39,300

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Assume that in January 2017, Vivendi announced a €1.2 billion bond issuance. The bonds have a coupon rate of 6.75% payable semia
andriy [413]

Answer:

C. The coupon rate on these bonds would have been higher if Standard and Poor's, Moody's, and Fitch had assigned lower credit ratings

Explanation:

Assume that in January 2017, Vivendi announced a €1.2 billion bond issuance. The bonds have a coupon rate of 6.75% payable semiannually. Assume the bonds have been assigned credit ratings of BBB (stable outlook) by Standard and Poor's, Baa2 (stable outlook) by Moody's, and BBB (stable outlook) by Fitch.

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8 0
3 years ago
Which of the following is a benefit to corporate executives when a process is outsourced?
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Answer:

<h2>In this case,the correct answer would be option b) given in the answer choices or More time to explore new revenue generation activities.</h2>

Explanation:

  • From an economic or business perspective, outsourcing of operational activities or conducts refer to assigning the business functions, activities, projects, assignments etc. to any third party or external agency with a view to enhance work productivity and minimize overall average operational costs or expenses.
  • The third party or the external entities involved in the outsourcing activities are typically not part of the parent or main company or are not commercially affiliated with the parent or main company.
  • One of the advantages of outsourcing to the company executives is to be able to assign some of the major and time consuming business activities to outsourced companies or entities and focus more on other mediums or sources of revenue generation for business. It might include introduction of new product or service lines, restructuring of the internal organizational settings or venturing new markets to capture higher consumer or client base. Hence, higher work or labor division through outsourcing activities can provide more time and opportunity for executives to focus more on other revenue generating endeavors.
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aniked [119]

Answer:

$64,000

Explanation:

Calculation to determine the cost of goods sold using the average cost method

First step is to calculate the Average cost

Average cost = [(200 × $140) + (400 × $160) + (100 × $200)] ÷ 700 units

Average cost= $160

Now let calculate the Cost of goods sold

Cost of goods sold = $160 × 400 units

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D. Eliminates other options is correct. Just took the test.


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