Answer and Explanation:
The classification of the funds as a short term or long term strategy as follows;
a. Line of credit = short term financing
b. Commercial paper = short term financing
c. Trade credit = short term financing
d. Bank load of 10 months = short term financing
e. Bond = long term financing
f. Stock = long term financing
g. Bank load of 20 months = long term financing
In this way, the classifications of the funds has to be done
Answer:
The budget for The Twilight Saga: New Moon = $50 million
Explanation:
Let the budget for Twilight Saga: New Moon = T
Let the budget for Harry Potter: The Half Blood Prince = H
We are given the following:
(The budget for Twilight Saga is one-fifth the budget for Harry Potter)
Cross multiplying the equation
5T = H - - - - (1)
H + T = 300,000,000 - - - - - (2) (Together the budgets totaled $300 million)
Next, let us substitute the value of H in equation (2) with equation (1)
(5T) + T = 300,000,000
6T = 300,000,000
Therefore, the budget for The Twilight Saga: New moon = $50,000,000
And the budget for Harry Potter: The Half Blood Prince = $250,000,000
Answer and Explanation:
The Journal entry is shown below:-
Cash A/c Dr, $20,000
Accounts Receivables A/c Dr, $140,000
($145,000 - $5,000)
Inventory A/c Dr, $101,700
Equipment A/c Dr, $81,200.
To Allowance for doubtful Accounts $4,400
To Payne's Capital A/c $338,500
(Being assets contributed by partner in business is recorded)
For recording the assets contributed by partner in business we simply debited the cash account, accounts Receivables, Inventory and Equipment as increase the assets while we credited the Allowance for doubtful Accounts as it decreasing the assets and Payne's Capital as increasing the stockholder equity.
Generous- Selfish
Tremendous- Small
Famous- Unknown
Publicity- Secrecy
Imaginative- Unskillful
Outstanding-Unexceptional
