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3 years ago

Prepare journal entries to record these transactions:

Business

1 answer:

Sever21 [200]3 years ago

4 0

Answer:

Cost of Computer= 4,800

Annual depreciation = 4,800

No residual value

a) Need to assume depreciation is 3,600 at the date of disposal

b) same information

<em> Recording the Disposal of a Long-lived Asset</em>

DEBIT CREDIT

a. Accumulated Depreciation $4,800

Computer Account $4,800

b. Accumulated Depreciation $3,600

Loss on disposal $1,200

Computer $4,800

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Liability in which a person cannot be held contractually liable on a negotiable instrument unless his or her signature appears o

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Answer: Signature liability

Explanation:

The signature liability is basically associate with the negotiable instruction as the people are not contractually liable only the signature person has the liability for the payment based on the specific amount.

The signature liability is basically refers to the signature on the negotiable instrument that is used for identifying the main person who ar obligated for paying. Therefore, Signature liability is the correct answer.

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3 years ago

A beverage company that competes with Coca-Cola Company cannot call its products "Koke." a. True b. False

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Answer:

The correct answer is letter "A": True.

Explanation:

Coca-Cola, the worldwide known coca-flavored soda, is also called just "Coke" in most English-speaking countries. If another company selling also beverages decides to go by the name of "Koke" it would create confusion to its benefit. That company would be taking advantage of the reputation and preference Coca-Cola has gained over the years to boost its profits. For that matter, that organization cannot call its beverage "Koke", otherwise, Coca-Cola could sue them and is likely to win the dispute.

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3 years ago

The goal of the managers of a publicly owned company should be to maximize the firm’s.

Rainbow [258]

The goal of the managers of a publicly owned company should be to maximize the firm’s common stock value.

<h3>What is a publicly owned company?</h3>

A public company, also known as a publicly traded company, publicly owned company, publicly listed company, or public limited company, is a company whose stock is freely listed on a stock exchange or in over-the-counter marketplaces.
A public (publicly traded) company may or may not be listed on a stock exchange (listed company), which facilitates share trading (unlisted public company).
Public companies of a certain size must be listed on an exchange in some jurisdictions.
In most cases, public companies are private enterprises in the private sector, and the term "public" emphasizes their public market reporting and trading.
A publicly traded company's managers should strive to maximize the firm's common stock value.

Therefore, the goal of the managers of a publicly owned company should be to maximize the firm’s common stock value.

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2 years ago

Jacob's physical toy store relies on offline metrics, such as store visits and in-store sales. He's heard that specialized campa

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Brand awareness campaign is the type of campaign that is done by the Jacob in hi physical store as he doing store visits and in-store sales and heard that specialized campaign types can help him meet these kinds of goals.

<h3>What is brand awareness campaign?</h3>

Brand awareness campaign is mostly done to promote the new brand or the unknown brand, which needs exposure to get well placed in the market.

Brand awareness is very useful tool for the company as they promotes the products plus brand name ans make the remark of the brand in customer's mind.

Thus, it is Brand awareness campaign.

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2 years ago

Donny, of Donny's Doughnuts, bakes and sells 100 dozen doughnuts a day using one mixer and one fryer. His rival, Sunshine, of Su

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1. If Donny and Sunshine both increase their capital equipment by one mixer and one fryer, the shop that will benefit the most from the expansion is <u>a. Donny, because his workers were not as busy to start with.</u>

2. The most realistic expectation that Donny should have about increased production with the new equipment is <u>a. At least 100 dozen.</u>

3. The most realistic expectation that Sunshine should have about increased production with the new equipment is <u>c. At least 100 dozen.</u>

<h3>Productive Efficiency</h3>

Based on the economic concept of productive efficiency, Sunshine cannot produce more than 90 dozen doughnuts per equipment daily, unlike Donny, which can produce 100 dozen doughnuts per equipment daily. When the equipment is increased by both producers, all things remaining equal, the production increases are as follows:

<h3>Data and Calculations:</h3>

Donny Sunshine

Dozens of doughnuts/per day 100 180

Number of mixer and fryer 1 2

Productivity per equipment set 100 90 (180/2)

Productivity per additional equipment 200 (100 x 2) 270 (90 x 3)

Thus, the conclusion is that Donny is more efficient in producing doughnuts than Sunshine, given that its workers can produce 100 dozen doughnuts per day, using one mixer and one fryer against Sunshine's 180 dozen doughnuts, using two mixers and two fryers.

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