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MatroZZZ [7]
3 years ago
7

Transactions The selected transactions below were completed by Cota Delivery Service during July: Indicate the effect of each tr

ansaction on the accounting equation by choosing the appropriate letter from the following list: Increase in an asset, decrease in another asset. Increase in an asset, increase in a liability. Increase in an asset, increase in stockholders' equity. Decrease in an asset, decrease in a liability. Decrease in an asset, decrease in stockholders' equity. 1. Received cash in exchange for common stock, $35,000. c 2. Purchased supplies for cash, $1,100. 3. Paid rent for October, $4,500. b 4. Paid advertising expense, $900. 5. Received cash for providing delivery services, $33,000. 6. Billed customers for delivery services on account, $58,000. 7. Paid creditors on account, $2,900. 8. Received cash from customers on account, $27,500. 9. Determined that the cost of supplies on hand was $300 and $8,600 of supplies had been used during the month. 10. Paid cash dividends, $2,500.
Business
1 answer:
Bezzdna [24]3 years ago
5 0

Answer & Explanation:

1.- Increase    in assets and equity

(cash is asset and common stockequity)

2.- no effect

(one asset cash is rtaded for another, supplies)

3.- Decrease in Assets and Equity

(expense decrease the cash (assets) and equity (income))

4.- Decrease in Assets and Equity

(expense decrease the cash (assets) and equity (income))

5.- Increase   in assets and equity

(cash increase equity increase (service revenue))

6.- Increase   in assets and equity

(account receivable increase equity increase (service revenue))

7.- Decrease  in Assets and Liablity

(ap decrease and cash decrease)

8.- no effect

(one asset increases cash. Another decreases, account receivable)

9.- Decrease in Assets and Equity

(expense decrease the suppplies (assets) and equity (income))

10.- Decrease in Assets and Equity

(less cash less retained earnings)

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9. Assume that Cane expects to produce and sell 97,000 Alphas during the current year. A supplier has offered to manufacture and
fenix001 [56]

It is sort of outsourcing exercise which is executed as a cost controlling measure thereby enabling management to focus on critical matters.

Explanation:

Here, if in the given case CANE outsources manufacturing activity to an established supplier it can save on hiring factory and cost and lab our overheads and can effectively focus on more critical functions including sales and strengthening supply chain management .

They can effectively deploy capital to more productive options.

This process if considered after due diligence will enable it to improve its financial position.

It only needs to ensure that supplier is committed to service, quality and delivery with flexibility so that financial benefits syncs with the set of expectations.

8 0
3 years ago
A list of the knowledge, skills, and other qualities a person must possess in
Stells [14]

Answer:

Job description

Explanation:

Just did it

7 0
2 years ago
Fill in the blanks: Standard deviation measures ______ risk, while beta measures ______ risk.A. Asset-specific; market-wideB. Ma
BaLLatris [955]

Answer: Option D

Explanation: In simple words, standard deviation refers to the amount of variation in a data. Whereas, beta refers tot eh Greek letter that is used to denote a series or category.

Hence when we say of standard deviation we take all the data into consideration while in case of beta risk calculations of specific part is taken into consideration.

Hence from the above we can conclude that the correct option is D .

4 0
3 years ago
An activity on a project schedule has these duration estimates: optimistic (a) = 1, most likely (m) = 2, and pessimistic (b) = 5
Masteriza [31]

Answer:

Activity expected duration = 2.333

Explanation:

Given:

Optimistic (a) = 1

Most likely (m) = 2

Pessimistic (b) = 5

Activity’s expected duration = ?

Computation of Activity expected duration:

Activity\ expected\ duration =  \frac{(a + 4m + b)}{6}

Activity expected duration = [1 + 4(2) + 5] / 6

Activity expected duration = [1 + 8 + 5] / 6

Activity expected duration = [14] / 6

Activity expected duration = 2.333

5 0
3 years ago
Travis bought a share of stock for $31.50, the stock paid a dividend of $0.85, and Travis sold it six months later for $27.65. W
Luden [163]

Answer:

Dollar profit loss = $3

Holding period return = negative 9%

Explanation:

In order to find the dollar profit or loss return we will add the dividend and selling price because that the dividend plus the selling price is the cash that Travis receives or the positive cash and we will subtract the buying price from it because it is the negative cash flow. So we will add all the positive cash flows and subtract negative cash flow from it in order to find the dollar profit loss or return.

Selling price = 27.65

Dividend = 0.85

Selling price + Dividend= 28.5

Selling price = 31.50

Dollar profit loss or return = 28.50-31.5=-3

Loss= $3

In order to find the holding period return we will divide add the dividend and selling price , subtract buying price from it and then divide it by buying price.

(27.65+0.85-31.5)/31.5= -0.09 = -9%

Holding period return = negative 9%

5 0
3 years ago
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