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goldenfox [79]
3 years ago
10

Bearcat Construction begins operations in March and has the following transactions.

Business
1 answer:
aleksklad [387]3 years ago
8 0

Answer:

Bearcat Construction

General Journal

March 1

Cash $17,500 (debit)

Common Stock $17,500 (credit)

<em>Cash Received in Exchange of Common Stock</em>

<em />

March 5

Cash $8,300 (debit)

Note Payable $8,300 (credit)

<em>Cash received from Bank Loan</em>

<em />

March 10

Equipment (debit)

Cash (credit)

<em>Purchase of Equipment by Cash</em>

March 15

Advertising Expenses (debit)

Cash (credit)

<em>Advertising Expense paid in Cash</em>

<em />

March 22

Accounts Receivable $17,300 (debit)

Service Revenue $17,300 (credit)

<em>Service Rendered on Credit</em>

March 27

Cash $17,300 (debit)

Accounts Receivable $17,300 (credit)

<em>Cash Received from Accounts Receivables</em>

<em />

March 28

Salaries Expense $5,300 (debit)

Cash $5,300 (credit)

<em>Salaries paid in Cash</em>

Explanation:

See the Journal Entries and Narrations that i have prepared above.

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The Best Company is reviewing two options for replacing a piece of machinery. The first machine costs $100,230 and has a four-ye
andriy [413]

Answer:

Equivalent annual cost method

Explanation:

Equivalent annual cost method is a method used to choose between two projects with an unequal life span

The decision rule is to choose the product with the higher Equivalent annual cost

Equivalent annual cost method is better for making this decision because if net present value is used, the project with the higher useful life would be chosen. this does not mean it is more profitable

6 0
3 years ago
Compare and contrast the roles of the federal government as both promoter and regulator of industrial development and market cap
Tema [17]

Explanation:

Compare and Contrast ->

Roles of the federal government -> Promoter & Regulator of industrial growth

U.S.Government => Promoter & Regulator of industrial growth

                            Pacific Railway Act (1862)-They have been granted 20 square miles of land per 1 mile of the track laid down. It strongly encouraged the construction of transcontinental railway lines, contributing to five different transcontinental roads: Union Pacific RR, Central Pacific RR, South Pacific RR, North Pacific RR and the Great North. The Grants Act of Morrill Land (1862)-gave state free land.

U.S.Government => Roles of the federal government

                             Sherman Antitrust Act (1890)The purpose was to promote economic competition through the regulation of shares, cartels and monopolies. It was very uncompromisingly applied Interstate Trade Act (1887). It also prohibits discrimination against shippers and pays more on the same train for shorter routes than for longer routes.

Thesis:

In the 19th Century and in themid-19th Century, the government of the United States was much more a proponent of industrialisation then an industrialisation regulator than a regulator.

In the year 1862, for instance, congress took place on the Pacific Railway Act, which gave the railway lines 20 acres per mile. This eventually culminated in five transcontinental trains: Union Pacific Railways, Central Pacific Railways, North American Railways, South Pacific Railways, and the Great North.In end, this resulted in the creation of booming towns in the west, encouraging manufacturers to relocate to their inhabitants and enabling businesses to sell their products to remote locations that were once hard to reach. Congress also enacted Morrill's 1861 Tariff Act which substituted for a higher tariff for the limited import tariff inserted in 1816. This shielded businesses from foreign competitors and increased their profits so that they could increase their power. The US government in general has been a more aggressive manufacturing supporter.

4 0
3 years ago
Party a has agreed to exchange $1 million u.s. for $1.02 million canadian. what is this agreement called?
Mrrafil [7]

Party A has agreed to exchange $1 million U.S. dollars for1.21 million Canadian dollars. This agreement is called a swap.

<h3>What is swap?</h3>

An agreement for a financial exchange known as a "swap" calls for one of the two parties to commit to making a given number of payments at a specified frequency in exchange for the other party making a different set of payments. These flows often react to interest payments based on the swap's nominal amount.

<h3>What is the advantage of swap contract?</h3>

Through the use of swap, one can gain access to new financial markets for funding by analyzing the comparative advantage that the other party has in that market. As a result, exchange fully utilizes the comparative advantage that parties possess. As a result, money can be collected at a lower cost from the best source available.

Learn more about Swap: brainly.com/question/14990076

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3 0
1 year ago
________ is a collection of change methods that seek to improve organizational effectiveness and employee well-being.A) Organiza
____ [38]

Answer:

The correct option is A

Explanation:

OD ( Organizational Development) is the collection or group of the change methods which try to improve or enhance the effectiveness of the firm or organization and also the well being of the employee. OD methods value the human as well as the organization growth, participative and the collaborative processes and the spirit of inquiry.

6 0
3 years ago
On March 1, 2021, McHugh Enterprises issued 1000 of its 8%, $1,000 bonds dated January 1, 2021 at 98. Interest is payable semian
natka813 [3]

Answer: $82000

Explanation:

Interest will be calculated as:

= No of shares x Face value per Share x Interest rate

= 1000 × $1000 × 8%

= 1000 × $1000 × 0.08

= $80000

Total face value of shares issued = 1000 × $1000 = $1,000,000

Issue Amount will be:

= No of shares x Face value per Share x Issue rate

= 1,000 x 1,000 x 98 %

= $980,000

Discount on issue will be:

= $1,000,000 - $980,000

= $20,000

Amortization of Discount on issue per annum will be:

= $20,000/10

= $2000

Therefore, interest expense will be:

= $80000 + $2000

= $82000

6 0
2 years ago
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