1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
umka21 [38]
3 years ago
13

June 1 Sheldon Cooper invests $4,000 cash in exchange for shares of common stock in a small welding business. 2 Purchases equipm

ent on account for $1,200. 3 $800 cash is paid to landlord for June rent. 12 Bills P. Leonard $300 after completing welding work done on account.
Business
1 answer:
algol [13]3 years ago
4 0

Answer:

Transactions:

1. June 1 Monthly invests $4,000 cash in exchange for shares of common stock in a small welding business.

2. June 2 Purchases equipment on account for 1,200.

3. June 3 $800 cash is paid to landlord for June rent.

4. June 12 Bills P. Leonard $300 after completing welding work done on account.

Journal Entries:

1.

June 1              Dr.      Cr.

Investment   $4,000

Cash                          $4,000

2.

June 2              Dr.      Cr.

Equipment     $1,200

Account Payable       $1,200

3.

June 3                Dr.        Cr.

Rent Expense   $800

Cash                               $800

4.

June 12                                Dr.        Cr.

P. Leonard (Receivable)     $300

Welding Service Revenue              $300

You might be interested in
Pedro wants to open his own business. To get a loan for the business, the bank needs him to give them some collateral. What is a
elixir [45]

Answer:

see below

Explanation:

Collateral refers to a valuable asset that a borrower offers to a lending institution to guarantee that they will repay the requested loan. Usually, collateral has a higher value than the loan amount. Collateral reduces the risk to the lender, which translates to lower interest rates.

Examples of assets that Pedro can use as collateral include.

1. Motor Vehicles

2. Properties such as land and Buildings

3. Machinery and equipment

4. Inventory

6 0
3 years ago
During 2004 Elway Corporation transferred inventory to Howell Corporation and agreed to repurchase the merchandise early in 2005
Svet_ta [14]

Answer:

d. Product financing arrangement.

Explanation:

A business transaction in which an organization sells and agrees to repurchase inventory with the repurchase price equal to the initial or original sales price plus the carrying and financing costs is known as the Product financing arrangement.

A product financing arrangement is more likely to exist when the seller commits to having a third party client purchase the item and then agrees to repurchase the item from the third party client.

It's noteworthy to know, that the seller controls how the item sold under either of the above mentioned situations is analysed and disposed of.

6 0
3 years ago
A process includes 9 tasks and there are 3 workers. Each task can be assigned to only one worker and each worker must be assigne
Katen [24]

Answer:

24.8 per hour

Explanation:

There are 3 workers and hence are three workstations. Consecutive activities are assigned to each workstation such that workload is as uniform as possible

Hence the time in each workstation (WS) is,  

WS1 = 45+55+15 = 115 seconds

WS2 = 25+50+5+30 = 110 seconds

WS3 = 95+50 = 145 seconds

Workstation 3 has the highest processing time and hence is the bottleneck and determines the capacity of the process

Therefore capacity = 1/145 per second = 3600/145 per hour = 24.8 per hour

8 0
3 years ago
Suppose that the production of a good generates a negative impact upon third parties. If the market does NOT take these negative
Lelu [443]

Answer:

The price will decrease and the quantity of the product sold will increase.

Explanation:

The price quoted would be lower because the social costs are not part of the cost of the product. This would increase the demand of the product because financially it is more beneficial and the price demand relation says that when the price of the good decreases the demand of the product increases and vice versa. So this means that the company will earn more but the society will have to bear the cost of the negative impacts.

6 0
3 years ago
Read 2 more answers
What is NOT affected by decisions of the federal Open Market Committee?
natka813 [3]

I believe the answer is: D. bond prices


Bond prices is determined by the mutual agreement between the company who issue the bond and the investors who bought them along with its value in the market. federal Open Market Committee only has the jurisdiction in United States Treasury securities and banking operation.

5 0
3 years ago
Read 2 more answers
Other questions:
  • Psari's, a company that sells fishing​ nets, provides the following information about its​ product: Targeted operating income $
    9·1 answer
  • Jia yin notes that in many countries, industrial development is, more or less, nonexistent. she is taking note of the:
    8·1 answer
  • Use the following items to prepare a balance sheet and a cash flow statement.
    13·1 answer
  • On January 1, Bramble Corp. has a beginning cash balance of $42000. During the year, the company expects cash disbursements of $
    12·1 answer
  • A hotel and conference center at a holiday destination can cater for a maximum of 540 tourists and conference attendees per mont
    14·1 answer
  • Maximal oxygen uptake ________ throughout adulthood, a trend that is related to the __________ in maximum heart rate and in musc
    10·1 answer
  • Xavier and Yolonda have original investments of $100,000 and $50,000 respectively in a partnership. The articles of partnership
    15·1 answer
  • Where is Shengyren based
    15·1 answer
  • What is the price of a coupon bond that has annual coupon payments of $75, a face value of $1000, interest rate of 5%, and a mat
    5·1 answer
  • A company is seeking to avoid the mistakes disney made with disneyland paris. A key priority then is to?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!