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3 years ago

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

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A firm agreed to pay its workers $2525 an hour in 2016 and $4141 an hour in 2017. The price level for these years was 241 in 2

NemiM [27]

Answer:

(a) 10.4%; 16.73%

(b) 6.33%

Explanation:

Given that,

Wages paid to the workers in 2016 = $25 per hour

Price level in 2016 = 241

Wages paid to the workers in 2017 = $41 per hour

Price level in 2017 = 245

Real wage rate in 2016:

= (Nominal wages ÷ Price level) × 100

= ($25 ÷ 241) × 100

= 0.104 × 100

= 10.4%

Real wage rate in 2017:

= (Nominal wages ÷ Price level) × 100

= ($41 ÷ 245) × 100

= 0.1673 × 100

= 16.73%

Therefore, the real wage increase received by these workers in 2017 is calculated as follows:

= Real wage rate in 2017 - Real wage rate in 2016

= 16.73% - 10.4%

= 6.33%

Hence, these workers do get a raise between the two years.

8 0

3 years ago

Bruce is the owner of Orion Inc., a manufacturer of electronic gadgets. He wants to hire the most honest job applicants as marke

Evgesh-ka [11]

In the context of employee selection, it can be inferred that Bruce is likely to employ an integrity test .

Explanation: 

The integrity test is a particular kind of psychological test intended to assess whether the individual is trustworthy, truthful and reliable. The lack of integrity is related to fraud, crime, vandalism, disciplinary issues, and absences.

Two main categories of honesty assessments are covert (character-based) tests that assess features relevant to obedience to rules; and transparent measures that analyze a candidate's attitudes to different CWBs explicitly.

Integrity tests can sometimes be reasonable job performance measurements all in all. This isn't shocking, because honesty is strongly linked to perception, which is a strong indicator of overall employment success.

When tandem with cognitive skills tests, credibility assessments may provide considerable value to a selection process as others ' personality characteristics.

6 0

3 years ago

Bluestone Company had three intangible assets at the end of the current year:

Dimas [21]

Answer:

Bluestone Company

1. Acquisition cost of each intangible asset:

Patent $3,200

Trademark = $0

Licensing Rights = $70,000

2. Amortization for the current year ended December 31:

Amortization Expenses:

Patent = $200 ($3,200/16)

Trademark = $7,500 (expensed in full)

Licensing Rights = $14,000 ($70,000/5)

3. BLUESTONE COMPANY

Income Statement (partial)

For the year ending December 31

Amortization Expenses:

Patent $200

Licensing Rights $14,000

Trademark expense $7,500

BLUESTONE COMPANY

Balance sheet (partial)

At December 31

Intangibles:

Patent $3,200

Acc. Amortization 200 $3,000

Licensing Rights $70,000

Acc. Amortization 14,000 $56,000

Explanation:

a) Data and Calculations:

a. Purchased patent on January 1 for $3,200 Estimated life 16 years

b. Internally developed trademark is expensed: $7,500

c. Purchasing Licensing Rights on January 1 for $70,000 for 5 years

7 0

3 years ago

Marsha Mellow’s weekly gross earnings for the week ended May 23 were $1,250, and her federal income tax withholding was $201.65.

Nataliya [291]

Answer:

$954.60

Explanation:

Gross Pay: Gross income for an individual, also known as gross pay, is the individual's total pay from his employer before taxes or other deductions.

Net Pay: Gross income for an individual, also known as gross pay, is the individual's total pay from his employer after taxes or other deductions.

Particulars Amount Amount

Gross Pay $1,250

Withholding deduction:

Income tax ($201.65)

Social Security (1,250*0.06 = $75)

Medicare tax (1,250*0.015 = $18.75)

Net pay $954.60

8 0

3 years ago

Ancient egyptian clothing is comprised almost completely out of one variety of fiber/textile. which one?

prisoha [69]

Ancient Egyptian clothing is comprised almost completely out of one variety of textile

Ancient Egyptians used linen-based clothes. Fabrics that are light and cool, like linen, are useful in hot climates like Egypt's. The flax plant's fibres were used by the Egyptians to make linen. The fibres were spun by workers into thread, which was subsequently weaved on looms into linen cloth.

<h3>What did Egyptians use as textiles?</h3>

Although wool was occasionally used in Egyptian textiles throughout the Dynastic Era (3100 BCE–300 BCE), linen predominated. (Silk and cotton were only added later.) Three primary categories of linen were produced: smooth cloth, thin cloth, and royal or fine linen.

To Learn more about Ancient Egyptian , Click the links

brainly.com/question/19818729

#SPJ4

3 0

1 year ago