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3 years ago

Question 7

Business

1 answer:

KengaRu [80]3 years ago

6 0

Answer:

D product

Explanation:

bdhchdhducucuwiwigidjddhhchcdjduusdjjsjksjudjjfjthrjdhfjffjfyfy

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During the current year, the company had the following summarized activities: Purchased short-term investments for $10,000 cash.

aivan3 [116]

Answer:

short-term investment 10,000 debit

cash 10,000 credit

note receivables 5,000 debit

cash 5,000 credit

equipment 18,000 debit

cash 5,000 credit

note payable 13,000 credit

cash 11,000 debit

common stock 1,000 credit

additional CS 10,000 credit

cash 9,000 debit

note payable 9,000 credit

Patents 3,000 credit

cash 3,000 debit

Building 24,000 debit

cash 8,000 credit

note payable 16,000 credit

cash 1,000 debit

equipment 1,000 credit

Explanation:

To record the entries we need to alwasy make debit = credit

we must use account names to represent each concept which are quite easy you don't have to overthink ou write what it is telling you it happen

Whe nthe company use cash use cash account

when it purchase equipment use equiptment

7 0

3 years ago

The Baldwin Company currently has the following balances on their balance sheet: Total Assets $260,881 Total Liabilities $150,67

bonufazy [111]

Answer:

common stock = $80,308

Explanation:

assets = liabilities + equity

current balance:

$260,881 = $150,673 + $110,208

$110,208 = common stock + retained earnings = $57,508 + $52,700

next year:

net income = $44,200

dividends = $12,000

assets = $260,881 + $55,000 = $315,881

liabilities = $150,673

equity = $315,881 - $150,673 = $165,208

retained earnings = $52,700 + $44,200 - $12,000 = $84,900

common stock = $165,208 - $84,900 = $80,308

7 0

3 years ago

The second step in the strategic-management process is a(n) ________, where managers look at where the organization stands, and

Studentka2010 [4]

Answer:

The second step in the strategic-management process is an <u>assessment of the current reality.</u>

Explanation:

In order for management to carry out an assessment, they must have an objective view of what the organization is really doing.

Management can use the following tools to perform a correct assessment:

SWOT analysis
forecasting
benchmarking
Porter's industry analysis model

3 0

3 years ago

Read 2 more answers

ABC Company keeps their accounting records on the cash basis. During the year, ABC received $260,000 from clients, and ABC paid

Leokris [45]

Answer:

a. $181,000

Explanation:

The Income Statement consists of Revenue and Expenses recorded on Accrual Basis. The Accrual Basis of Accounting states that Revenue and Expenses must be recorded as and when they Occur or Incur not when cash is paid or received.

Calculation of Net Income will thus be as follows :

Revenue Received $260,000

Unearned Revenue($65,000-$35,000) $30,000

Total Revenue $290,000

Less Expenses :

Expenses ($85,000+$26,000-$28,000) $83,000

Depreciation $16,000

Net Income $181,000

6 0

3 years ago

Hi, im very b0red lol

zubka84 [21]

Sameee ugh lol!! Wanna talk :/

3 0

3 years ago

Read 2 more answers