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xxMikexx [17]
3 years ago
8

Assume that the seller owes $80,000 on a loan for the land. After receiving the $298,000 cash in (a), the seller pays the $80,00

0 owed. What is the effect of the payment on the total amount of the seller's (1) assets, (2) liabilities, and (3) stockholders' equity? If there is no change, select 'No change' from the dropdown and then enter a "0" in the amount box. Consider only the payoff of the loan, without considering the sale of the land.
Business
1 answer:
geniusboy [140]3 years ago
5 0

Answer:

1.   - $   80,000

2.  -  $  80,000

3.  -   $     0      -   No effect

Explanation:

1. Assets  

 - <em>80,000</em>  ( pay loan ) -  decrease

2. Liabilities

 - 80,000 ( loan from <em>+</em><em> 80,000 </em> to  <em>0</em> ) - decrease

3. Stockholders Equity: no change, as there was not result ( profit/loss ) nor    shareholder contribution/withdrawal

 

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you worked from 9:00 am to 7:00 pm with a 45 minute unpaid lunch and an unpaid 15 minute break. you will be paid time and 1/2 fo
Viktor [21]

Answer:

His overtime wage = $18.75

Total wages for one day = $118.75

Explanation:

Given,

He worked from - 9:00 am (Internationally - 9:00)

He stopped at - 7:00 pm (Internationally - 19:00)

Therefore, he worked for = (19:00 - 9:00) = 10 hours

Again,

He had unpaid 45 minute lunch break

He had unpaid 15 minute break

Total unpaid time = (45 + 15) minutes = 1 hour.

Therefore, he will be paid for = 9 hours

Again,

His normal wage = $12.50 per hour

<em>His overtime wage = 1.5 times of his normal salary = $12.50*1.5 = $18.75</em>

Since he worked more than 8 hours, he worked 1 overtime hour. Therefore,

(8 hours x $12.50) + (1 hour x $18.75) = $118.75

5 0
3 years ago
Boise Timber co. computes its break-even point strictly on the basis of cash expenditures related to fixed costs. Its total fixe
stellarik [79]

Answer: 1,125,000

Explanation:

Break even point simply means when the total cost and the total revenue are equal.

Firstly, we need to calculate the cash related fixed cost for Boise Timber Co. This will be:

= Total fixed cost - Depreciation

= $6,000,000 - (25% × $6,000,000)

= $6,000,000 - (0.25 × $6,000,000)

= $6,000,000 - $1,500,000

= $4,500,000

The cash break-even point will be:

= $4,500,000/$4

= 1,125,000

8 0
3 years ago
Damian works at ulta. A customer approaches him and mentions they saw an advertisement for a new eyeshadow palette that just cam
Marina CMI [18]

Damian is a sales person at Ulta store. He guides his customer about the eyeshodow palette and help make him decision.

This is an example of Personal Selling.

<h3>Personal Selling:</h3>

It is a technique in which a store has various salesperson who guides their customers by using their interpersonal skills. It is a face to face selling technique.

In this scenario Damian helps his customer to make a buy decision about an eye shadow palette. He guides his customer and tries to satisfy him with his marketing skills.

The correct answer is Personal Selling

Learn more Business at brainly.com/question/984979

6 0
2 years ago
Micron owns 35% of Martok. Martok pays a total of $47,000 in cash dividends for the period. Micron's entry to record the dividen
creativ13 [48]

Answer:

1. Option (A) is correct.

2. Option (C) is correct.

Explanation:

1. Micron's entry to record the dividend transaction is as follows:

Cash A/c      Dr. $16,450

To Long - Term Investments  $16,450

(In this case, since the holding interest is more than 20%, Equity method is used)

workings:

Dividend = $47,000 × 35%

               = $16,450

2. The entry to record the receipt of dividend would be:

Cash A/c     Dr. $12,000

To Dividend Revenue A/c   $12,000

(To record the receipt of dividend)

Workings:

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4 0
3 years ago
Philips, a multinational electronics corporation based in the Netherlands and diversified in the consumer electronics, domestic
Mekhanik [1.2K]

Answer:

c. Cultural differences, government demands, and local competitors

Explanation:

Philips organization is multinational organization and it encounters the forces of local responsiveness as follows:

Cultural differences: As it is selling electronics it will remove cultural differences as that arise, because each person irrespective of its culture will use electronics.

Government demands of the country in which the organization is set up has to be met in order to thrive and find extra support from government.

As the company is an outsider to the states it needs to evaluate the local competitors properly in order to thrive and lead in the state of Netherlands.

4 0
3 years ago
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