Ask question

Ask question

All categories

2 years ago

6

On May 25, Tyler, Inc. issues 100 shares of $10 par value preferred stock for $5,000 cash. The entry to record this transaction

would include a (debit/credit) ________ to the preferred stock account in the amount of _______.

1 answer:

Gennadij [26K]2 years ago

6 0

Basically I don’t know the answer but it wants me to put something

You might be interested in

Sharon is thinking about opening a bakery. She knows she wants to set her own hours, reduce her stress and make a profit. But sh

prisoha [69]

Starting a new business requires through and careful planning, which takes all aspects of the business into consideration. Funds for starting the business must also be available and the entrepreneur must be very disciplined and ready to put in a lot of work in order for the business to succeed.
Any step that will result in the eventual failure of the business is not a good step to take. At the early days of the new business especially, care must be taken not to take any step that will put the finances of the business in jeopardy.

3 0

3 years ago

Read 2 more answers

On December 29, 2019, Patel Products, Inc., sells a delivery van that cost $20,000. The equipment had accumulated depreciation o

pashok25 [27]

Answer:

journal entry are given below

carrying value = $4000 and cash received is $2000

Explanation:

given data

delivery van cost = $20,000

accumulated depreciation = $16,000

Annual depreciation = $2,000

solution

journal entry are

date title debit credit

December 29, 2019 Cash $2000

Accumulated depreciation $16000

Delivery van $20000

note that

here carrying value is = $20000 - $16000

carrying value = $4000

and cash received is $2000

7 0

2 years ago

Residential Investment Payments of Factor Income to the rest of the world National Income Inventory Adjustment 0.00 Personal Con

Ivanshal [37]

Please find full question attached

Answer and Explanation:

Gross domestic product is calculated:

Gross Domestic Product(GDP) = Gross National Product (GNP) - Receipts of factor income from rest of the world + Payments of factor income to the rest of the world

So to find GDP, we calculate GNP

GNP = NNP+Depreciation

To calculate GNP, we calculate NNP:

Net national product (NNP) =national income, so we have,

NNP = $2,445 billion

GNP = NNP + Depreciation = $2,445+$75

GNP = $2,520 billion

So we substitute in GDP formula to calculate GDP

GDP = 2,520 - 70 + 50 = $2500 billion

GDP = $2,500 billion

Government consumption and gross investment= Government transfer payments + Non-residential investments

Government consumption and gross investment is given by G

G = 200+250 = $450 billion

G = $450 billion

3 0

3 years ago

Mark tells Leslie that his stereo has quadraphonic speakers because he was told that when he bought it. Leslie buys the stereo,

Gemiola [76]

Answer:

Yes, because the statement was false.

Explanation:

Breach of warranty is defined as a misrepresentation of the quality or type of a product. The seller fails to fulfil a promise or claim made during a transaction.

When a good is being sold there are certain assertions which the seller must stand behind.

In this scenario Mark tells Leslie that his stereo has quadraphonic speakers because he was told that when he bought it.

The fact that the stereo did not have quadrophinic speakers should have been discovered and stated by Mark. The misinformation he got when buying the stereo does not clear him of breach of warranty

6 0

2 years ago

__________ is a strategy based on the use of IT to reduce the costs associated with the product assembly process or the way serv

xeze [42]

Answer:

Flexible manufacturing

Explanation:

A flexible manufacturing system (FMS) refers to a manufacturing system that has a certain degree of flexibility to swiftly respond to unpredicted changes in the manufacturing orders and processes. FMS generally result in a increase in labor productivity and machine efficiency, as well as shorter lead times and increased production rate. If well executed, FMS should provide the same benefits as economies of scale but without the large scale production.

3 0

3 years ago