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
vesna_86 [32]
3 years ago
9

Question:

Business
1 answer:
Vanyuwa [196]3 years ago
6 0

Answer:

Received investment of cash by organizers and distributed to them 1,000 shares of $1 par value common stock with a market price of $40 per share

                                      Dr.            Cr.

Cash                            $40,000

Common stock @ 1                      $1,000

Add-In capital Common Stock   $39,000

Purchased $15,000 of equipment, paying $3,000 in cash and owing the rest on accounts payable to the manufacturer

                                      Dr.            Cr.

Equipment                 $15,000

Cash                                           $3,000

Account Payable                       $12,000

Borrowed $10,000 cash from a bank

                                      Dr.            Cr.

Cash                            $10,000

Bank Loan                                 $10,000

Loaned $800 to an employee who signed a note.

                                      Dr.            Cr.

Note Receivable      $800

Cash                                             $800

Purchased $13,000 of land paid $4,000 in cash and signed a mortgage note for the balance

                                      Dr.            Cr.

Land                            $13,000

Cash                                            $4,000

Mortgage Note Payable            $9,000

You might be interested in
As it relates to inventory, a buyer's time expended to prepare the purchase order for more material is considered a(n) ____ cost
OLga [1]

Answer:

"Ordering" is the correct solution.

Explanation:

  • Ordering expenses are incurred in purchasing a new shipment of manufactured goods. This would include expenditures for the attempting to place of a purchase agreement, cost savings for the evaluation including its batches expected to receive, ends up costing for documentary evidence, etc.
  • The cost of ordering correlated negatively with either the cost of transport. This appears to mean because the much more purchases a business location including its providers, the significantly higher the ordering costs will indeed be.
3 0
2 years ago
Who pays the tax does depend on who writes the check to the government?
mina [271]
Who pays the tax does NOT depend on who write the check to the government.
Who pays the check ultimately depend on the elasticity of supply and demand. This is because, suppliers have several ways of passing the taxes levied on them by the government to the consumers in form of increase in price of their products. But this also depend on the elasticity of the products, because if the prices are too high, some customers may decide to buy somewhere else or to go for a substitute.<span />
4 0
3 years ago
A consumer is consuming at a point on her budget line. Her income is $50 a week, and she purchases hamburgers and grilled cheese
Ivahew [28]

Answer:

Each grilled cheese costs $1.25

Explanation:

Giving the following information:

Her income is $50 a week. Hamburgers cost $4, and she consumes 10 of them. She consumes eight grilled cheese sandwiches.

To calculate the price of the grilled cheese sandwiches, we need to use the following equation:

Income= cost of hamburgers*number of units + cost of grilled cheese*number of units

50= 4*10 + x*8

10=8x

$1.25= x= grilled cheese

3 0
3 years ago
Marx would most likely support a plan for (5 points)
alekssr [168]
Marx would most likely support A, government ownership of most production
8 0
3 years ago
If the insurer offers to renew the policy on different terms, how long does the policyholder have to cancel the policy without b
kakasveta [241]

Answer:

30 days after receiving notice of the changes

Explanation:

If the insurer offers to renew the policy on different terms, how long does the policyholder have to cancel the policy without being penalized?

An insurer is defined as- a person or company that underwrites an insurance risk; the party in an insurance contract agrees to pay compensation. Generally, the term insurer is synonymous  with the term insurance provider or insurance company.

A policyholder is a person who buys an insurance policy. The policyholder is protected by the details in the insurance policy. He or she can add more persons to the policy depending on the type.

In most cases, a policyholder is allowed to cancel the policy within 30 days without been penalized for a short rate cancellation fee.

4 0
3 years ago
Other questions:
  • Milani, Inc., acquired 10 percent of Seida Corporation on January 1, 2017, for $188,000 and appropriately accounted for the inve
    9·1 answer
  • Whereas most men's suit brands focus on their craftsmanship and use of high-quality materials, Bluebird Suits distinguishes itse
    5·1 answer
  • Evening Star, Inc. produces binoculars of two quality levels: field and professional. The field model requires six direct-labor
    10·1 answer
  • A young software development company recently went public. To attract investors, the company executives want to emphasize the am
    13·1 answer
  • Sondra thinks the new business contract she signed with her business partner is valid. Both parties are legally competent, the c
    10·1 answer
  • At the end of the current year, the accounts receivable account has a debit balance of $2,950,000 and sales for the year total $
    7·1 answer
  • A person who earns $30,000 per year has $2,000 in childcare costs. As a
    7·2 answers
  • When the price elasticity of demand for a good is very elastic, quantity demanded is _____ to a change in price and the demand c
    7·1 answer
  • If the margin of safety is $200,000, fixed expenses are $50,000 and sales revenue is $500,000, what are variable costs?
    7·1 answer
  • The film noir genre reinforces its dark criminal subject matter by using __________
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!