Answer:
The Journal entries with their narrations of Jesse’s investment and Tim’s investment is shown below:-
Explanation:
a. Jesse’s investment
Accounts Receivable Dr, $41,600
($45,000 - $3,400)
Agreed price of equipment Dr, $68,200
To allowance for doubtful debts $1,600
To capital account $108,200
(Being Jesse's investment is recorded)
b. Tim’s investment
Cash Dr, $22,000
Agreed price of inventory Dr, $49,000
To Tim capital $71,000
(Being Tim's investment is recorded)
Answer:
a business is a organazation organized by a single perons or group in order to propfit from the business to grow the business to become susceful. Many Buisness are created everyday for example: Online businesses , You-Tube Channels, Inst-agram Accounts, Sound-Cloud rappers,etc. Some business may be more effecient that others. Business is an organization where people work together. In a business, people work to make and sell products or services. ... A business can earn a profit for the products and services it offers. The word business comes from the word busy, and means doing things. It works on regular basis.
Answer:
hey i see that you have been making a lot of mistakes latly are you okay
Explanation:
Try not to be rude
Answer:
$60
Explanation:
For computing the target cost, first we have to determine the profit per unit which is shown below:
= Selling price × return on sales percentage
= $80 × 25%
= $20
Now the target cost would be
= Selling price per unit - profit per unit
= $80 - $20
= $60
All other information which is given is not relevant. Hence, ignored it
