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Karolina [17]
3 years ago
11

6. The split-level home is a variation of the

Business
2 answers:
jeka57 [31]3 years ago
5 0
A. ranch house ***********************
grigory [225]3 years ago
4 0

Answer:

O C. Victorian house.

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The following transactions occur for Cardinal Music Academy during the month of October:
tamaranim1 [39]

Answer:

The entries to record the transactions are given below.

a. Provide music lessons to students for $7,000 cash.

Debit Cash Asset                          $ 7000

CreditService Revenue income   $ 7000

b. Purchase prepaid insurance to protect musical equipment over the next year for $3,000 cash.

Debit Prepaid Insurance equipment Asset $ 3000

Credit Cash Asset                                          $ 3000

c. Purchase musical equipment for $10,000 cash.

Debit Equipment Asset    $ 10,000

Credit Cash Asset            $ 10,000

d. Obtain a loan from a bank by signing a note for $10,000

Debit Cash Asset            $ 10,000

Credit Notes payable     $ 10,000

7 0
2 years ago
Annual payments of $20,000 on the finance lease liability are paid each January 1, beginning in 2021. During 2021, equipment wit
suter [353]

Answer:

C. New equipment was purchased for $145,000 cash. d. A $29,000 note was paid at maturity on January 1 e. On January 1, 2021, bonds were sold at their $58,000 face value. f. Common stock ($45,000 par) was sold for $65,000. 9. Net Income was $90,000 and cash dividends of $50,000 were paid to shareholders. Required: Prepare the statement of cash flows of Wright Company for the year ended December 31, 2021. Present cash flows from operating activities by the direct method. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands (.e., 10,000 should be entered as 10).) WRIGHT COMPANY Statement of Cash Flows For the year ended December 31, 2021 (s in thousands) Cash flows from operating activities Cash inflows Cash outflows Net cash flows from operating activities Cash flows from investing activities

Explanation:

8 0
3 years ago
Windsor, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The follo
lions [1.4K]

Answer:

Explanation:

The journal entries are shown below:

1. Petty cash A/c Dr $264.2

       To Cash A/c              $264.2

(Being petty cash fund established)

2. Freight - in expense A/c Dr $75

   Supplies expense A/c Dr $40

   Postage expense A/c Dr $48

   Loan to employees A/c Dr $32

   Miscellaneous expense A/c Dr $51

   Cash over and short A/c Dr $2.9

                                            To Cash A/c Dr $248.9         ($264.2 - $15.3)  

(Being disbursement of cash recorded)

3. Petty Cash A/c Dr $115

          To Cash A/c          $115

(Being increase in petty cash recorded)    

5 0
2 years ago
J Corporation has gathered the following data on a proposed investment project (Ignore income taxes.): Investment required in eq
Wewaii [24]

Answer:

14.58%

Explanation:

The computation of the simple rate of return is shown below:

As we know that

Simple rate of return = Annual net income ÷ Initial investment

where,

Initial investment is $32,000

And, the annual net income is

= $6,800 - ($32,000 ÷ 15 years)

= $4,667

So, the simple rate of return is

= $4,667  ÷ $32,000

= 14.58%

We simply applied the above formula

5 0
3 years ago
Jeff Mommer is starting an environmentally friendly lawn and garden service. One thing thatJeff has worked hard on is determinin
VikaD [51]

Answer:

A) core strategy.

Explanation:

Core strategy is the way a firm competes in relation to other competitors. In determining how business will compete favourably in the market or formulates a vision, mission, and way it differentiates it's products defines the way a company provides unique product that will stand out from those of competitors.

Jeff Mommer determining how his company will compete favourably in the market is the part of business model called core strategy.

3 0
3 years ago
Read 2 more answers
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