Answer:
The Journal entries are as follows:
(a) On June 1,
Cash A/c Dr. $5,830
To common stock $5,830
(To record the issue of common stock for cash)
(b) On June 2,
Equipment A/c Dr. $1,550
To accounts payable $1,550
(To record the purchase of equipment on account)
(c) On June 3,
Rent expense A/c Dr. $560
To cash $560
(To record the rent expense)
(d) On June 12,
Accounts receivable A/c Dr. $510
To Welding service revenue $510
(To record the welding service revenue)
Answer:
increase, decrease, decrease
Explanation:
Answer:
12%
Explanation:
Accounting rate of return = Average net income / Average book value
Average book value = (Cost of equipment - salvage value) / 2
Average book value = ($25,000 - 0) / 2 = $12,500
AAR = $1500 / $12,500 = 0.12 = 12%
Answer:
distributive justice
Explanation:
Based on the information provided within the question it can be said that in this scenario, this is an example of applying distributive justice. This term refers to a concept that determines who owns what within a society. In other words an individual should receive benefits or goods depending on their contributions to a company or society. Which in this case is what ALT inc. is trying to make sure of.
Shamrock Shades operates in mall kiosks throughout the southwestern U.S. Shamrock purchases sunglasses from bulk discounters and sells the sunglasses in the mall kiosks. Shamrock is in the process of budgeting for the coming year and has projected sales of $310,000 for January, $390,000 for February, $550,000 for March, and $590,000 for April. Shamrock's desired ending inventory is 30 percent of the following month's cost of goods sold. Cost of goods sold is expected to be 20 percent of sales. Required: Compute the required purchases for each month of the first quarter (January- March) January February March Required Purchases
