All categories

2 years ago

30PTSS PLEASE HELP ME IM REALLY BAD AT FINANCE

Business

2 answers:

Hitman42 [59]2 years ago

8 0

it cost lost and lost of money and plus the coronavirus takes the money mostly

dusya [7]2 years ago

3 0

Answer:

it cost more and more money and plus the coronavirus takes the money mostly

Explanation:

You might be interested in

On July 1, 2010, Ellison Company granted Sam Wine, an employee, an option to buy 400 shares of Ellison Co. stock for $30 per sha

gregori [183]

Answer:

Ellison Company should recognize compensation expense on its books in the amount of $600

Explanation:

Solution

The transaction in the books of Ellison Company during the period of July 1st 2010 to December 31st 2010

On July 1st the share value was $30 *400 = 12000

On October 1st 2010 sold at $ 36 * 400 = 14400

The gain on this transaction was = $2,400

31st July 2010, less compensation expenses =$ 1,800

The fair vale to be recorded as a gain = $ 600

3 0

3 years ago

In 2006 Hewlett-Packard repurchased shares of common stock worth $5,241 million and made dividend payments of $894 million. Othe

Hunter-Best [27]

Answer:

B) Decreased $138 million

Explanation:

To determine the effects of long term debt accounts on HP's total cash flow form financing we can use the following formula:

HP's cash flow from financing = new shares issued - shares repurchased - dividend payments + cash flows related to long term debt account + income from other financing activities

-$6,077 = $0 -$5,241 -$894 + X + $196

-$6,077 = -$5,939 + X

-$138 = X

HP's long term debt accounts decreased by $138

8 0

2 years ago

On January 1, 2018, Red Flash Photography had the following balances: Cash, $21,000; Supplies, $8,900; Land, $69,000; Deferred R

Nutka1998 [239]

Answer:

See explanation

Explanation:

Red Flash Photography

Journal Entries

1. Debit Cash $29,000

Credit Common Stock $29,000

(issuing common stock for cash that will increase the cash)

2. Debit Cash $44,000

Debit Accounts Receivable $39,000

Credit Service Revenue $83,000

(Provided services on account and cash)

3. Debit Salaries expense $32,000

Credit Cash $32,000

(Paid salaries to workers)

4. Debit Prepaid Rent $21,000

Credit Cash $21,000

(Paid rent in advance for cash)

5. Debit Supplies $31,000

Credit Accounts payable $31,000

(Purchase supplies on account means liability will increase)

6. Debit Dividends $2,900

Credit Cash $2,900

(Paid cash dividends to the shareholders)

7 0

3 years ago

Mayo Corp. has estimated that total depreciation expense for the year ending December 31, 2021 will amount to $600,000, and that

Mariulka [41]

Answer:

$900,000

Explanation:

Depreciation for the year $600,000

Employee Bonuses $1,200,000

Total expense for the year $1,800,000

Expense to be reported in interim income statement 1,800,000/2=$900,000

5 0

2 years ago

On October 1, 2018, Swifty Company places a new asset into service. The cost of the asset is $125000 with an estimated 5-year li

Novosadov [1.4K]

Answer:

The book value of the plant asset on the December 31, 2018 is $75,000.

Explanation:

Determine the depreciable cost,

The depreciable cost = Acquisition cost - Salvage value.

The depreciable cost = 125,000 - 30,500.

The depreciable cost = $94,500.

Determine the annual depreciation expense,

The annual depreciation expense = depreciable cost/useful life

The annual depreciation expense = 94,000/5

The annual depreciation expense = $18,900.

Find the % rate of depreciation .

The % rate of depreciation = (18,900/94,500) × 100.

% rate of depreciation = 20%

Since it is the double-declining-balance method of depreciation we multiply the % rate by 2 = 20% × 2 = 40%

Applying the rate to the carrying value of the asset to obtain current year's depreciation expense.

Current year's depreciation expense = Carrying value of the asset × the depreciation rate %.

Current year's depreciation expense = 125,000 × 40%.

Current year's depreciation expense = $75,000

4 0

2 years ago