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zloy xaker [14]
3 years ago
12

Wildhorse Co. entered into these transactions during May 2017, its first month of operations. 1. Stockholders invested $31,500 i

n the business in exchange for common stock of the company 2. Purchased computers for office use for $33,800 from Ladd on account 3. Paid $4,100 cash for May rent on storage space 4. Performed computer services worth $18,600 on account. S. Performed computer services for Wharton Construction Company for $6,400 cash. 6. Paid Western States Power Co. $8,000 cash for energy usage in May 7. Paid Ladd for the computers purchased in (2) 8. Incurred advertising expense for May of $3,100 on account 9. Received $11,000 cash from customers for contracts billed in (4) Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to Stockholders' Equity in the far right column. (Ifa transaction causes a decrease in Assets, Liabilities or Stockholders' Fquity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Fquity item that was reduced. See Illustration 3-3 for example.

Business
1 answer:
ANEK [815]3 years ago
5 0

Answer:

Kindly refer to the attached file for the tabular solution

Explanation:

Every transaction flows through the balance sheet and most times the stockholders equity.

This table carefully highlights the impact of each entry to the stockholders equity

?

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Answer:

a. 4 years

b. 5 years

Explanation:

The payback period is the time taken for the cash inflows from an investment to equal to the initial cash outflow or amount invested. To get this, the cash inflow are deducted from the outflows until the net is zero.

Considering both expected cash flows (all amounts in $);

Period    Initial out flow   Inflow         Balance         Inflow         Balance

Year 0    (1,200,000)              0          (1,200,000)       0            (1,200,000)      

Year 1                             300,000       (900,000)    150,000     (1,050,000)

Year 2                            300,000       (600,000)    150,000     (1,050,000)

Year 3                            300,000       (300,000)    400,000     (1,050,000)  

Year 4                            300,000               0           400,000     (1,050,000)  

Year 5                                                                        100,000     (1,050,000)

From the table above, with an inflow of $300,000 yearly, the inflows would equal the total outflow in 4 years while the annual cash flows: $150,000, $150,000, $400,000, $400,000, and $100,000 would make the inflows equal to the outflows in 5 years.

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3 years ago
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Explanation:

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Total area = 0.872 *1106 =964.43 m^2

Answer =965 m^2

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Thomlin Company forecasts that total overhead for the current year will be $11,742,000 with 164,000 total machine hours. Year to
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Answer:

d.$72 per machine hour

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