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3 years ago

Skidmore Music Company had the following transactions in March:

Business

1 answer:

finlep [7]3 years ago

5 0

Answer: Check attachment

Explanation:

A cash basis income statement is simply referred to as an income statement which contains revenues and expenditures for the company whereby cash has either being received or paid by the company.

For accrual basis income statement, revenue and expenditures are recorded when they're either earned or made.

Check the attachment for more analysis.

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Dillon wants to advance quickly in his career with the Orton Company. To impress his boss, Dillon volunteered to take on several

Softa [21]

Answer:

Three things I think he must learn from this. Number one is to not take responsibilities of tasks that you are unaware of. Suppose I am a doctor of heart so don't know about spine issues. I must not create an image that I know everything. If I am doing so, I am living in the fool's paradise. This attitude can harm the patient and I will be liable for that. Secondly, if I am not capable of multitasking then I must consider my own limitations before agreeing to do more acceptance. Third thing is that when we increase productivity without increasing quality productivity level, this means we had compromised quality which Dillon has done with the Simpson Assignment. The Fourth one is that always consider a safety margin, for example Dillon can say when the task was not handed him over that he would do all these assignments but he needs some extra days. And also giving days for first one on a specified day before taking the assignments and next on next specified date. By doing so he was able to improve his image because he is providing quality.

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4 years ago

There are 72,922 seats in Lambeau Field where the Green Bay Packers play football. The Packers have sold out their season ticket

In-s [12.5K]

Answer: quantity demanded of Packers tickets decreased.

Explanation:

First and foremost, we should note that normal goods are the goods that when the income of an individual rises, the individual will buy more and in a case whereby the income reduces, the person will buy less.

Therefore, during recession when people's incomes decreased, the quantity demanded of Packers tickets decreased as well

7 0

3 years ago

Rollins Corporation is constructing its marginal cost of capital (MCC) schedule. Its target capital structure is 30 percent debt

MrRissso [65]

Answer:

The After Tax Cost of Debt = 0.072 or 7.2%

Explanation:

The question is to determine the After Tax Cost of Debt for Rolling Stone.

This is carried out as follows

Step 1: When we decide to calculate the Yield to Maturity, it should be noted that Market Value = Par Value

Therefore,

Coupon Rate which is the same as the Yield to Maturity (YTM) = 12%

Step 2: Based on this derivative, therefore,

After Tax Cost of Debt = Yield TO Maturity Rate (1-Marginal Tax Rate)

= 12% (1-40%)

= 0.12 (1-0.4)

The After Tax Cost of Debt = 0.072 or 7.2%

6 0

3 years ago

Assume that Maia spends all of her income on halvah (H) and pomegranates (P) and is purchasing the optimal consumption bundle. I

mamaluj [8]

Answer:

The correct answer is:

$4 (D.)

Explanation:

From the question, we are told that:

the price of halvah (MUH)= $12

the price of pomegranates (MUP)= ????

Next, we are also told that the optimal consumption ratio of MUH to MUP = 3

This means that the Mauginal Utility of halvah (H) to the marginal utility of pomegranates (P) = 3

MUH/MUP = 3

12/MUP = 3

MUP = $\frac{12}{3} = 4$

MUP = $4

5 0

3 years ago

The Shoe Exchange issues 3,000 shares of its $1 par value common stock to provide funds for further expansion. The issue price i

Nezavi [6.7K]

Answer:

Debit Cash account $57,000

Credit Shares capital $3,000

Credit Share premium $54,000

Being entries to record cash received from the issuance of shares

Explanation:

Par value per share = $1

Issue price per share = $19

Premium per share from issue = $19 - $1

= $18

Number of issued shares = 3000

Share capital balance from issue = 3000 × $1

= $3000

Premium balance = 3000 × $18

= $54,000

Cash received from Issue = 3000 × $19

= $57,000

Entries to be posted

Debit Cash account $57,000

Credit Shares capital $3,000

Credit Share premium $54,000

Being entries to record cash received from the issuance of shares.

4 0

3 years ago