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zysi [14]
3 years ago
11

Mr. Decker invested $20,000 in cash in his business. How does the company record the investment?

Business
1 answer:
Dvinal [7]3 years ago
4 0

Answer:

The company records the investment by the entry:

debit Cash and credit Owner's Equity

Explanation:

Mr. Decker invested $20,000 in cash in his new business. He is the Owner of the company.

In the case, the company that he invested received cash from Mr. Decker.

The company will record the increasing in cash and increasing in Owner's Equity account by the journal entry:

Debit Cash $20,000

Credit Owner's Equity $20,000

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Production Budget Pasadena Candle Inc. projected sales of 64,000 candles for January. The estimated January 1 inventory is 2,600
icang [17]

Answer:

Production budget:

Projected sales= 64,000

Ending inventory= 7,000

Beginning inventory= (2,600)

Total= 68,400 units

Explanation:

Giving the following information:

Pasadena Candle Inc. projected sales of 64,000 candles for January. The estimated January 1 inventory is 2,600 units, and the desired January 31 inventory is 7,000 units.

Production budget= projected sales + ending inventory - beginning inventory

Production budget:

Projected sales= 64,000

Ending inventory= 7,000

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3 0
3 years ago
Breadmakers, inc. produces and supplies fresh sandwich breads to various sandwich businesses. breadmakers has recently decided t
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<span>the answer is Direct distribution Direct distribution is a channel of distribution where the producer or manufacturer ensures his or her goods and services reaches the consumer without any intermediary like wholesalers or retailers, in this case all the middle players in the supply chain are eliminated. By opening its own stores for selling sandwiches to consumers, Breadmakers, inc. will be doing a direct distribution (direct supply to consumers)</span>
5 0
3 years ago
Difference between mature and fertilizer​
Daniel [21]

Fertilizer and manure can be added to the soil in order to increase the yield of crops. Fertilizer, however, has more nutrients in it and is therefore more beneficial to growing plants. Manure can be prepared in fields (created by animal and plant wastes) while fertilizer is created in factories (using chemical compounds). Manure provides humus to the soil while fertilizer does not, but fertilizer is absorbed by plants more quickly than manure.

8 0
3 years ago
Carter Corporation has some money to invest, and its treasurer is choosing between City of Chicago municipal bonds and U.S. Trea
padilas [110]

Answer:

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Explanation:

Because Treasury Bond is exempt from tax income and both have same maturity, and they are equally risky and liquid; we then have the equation as below

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⇔ 6% = Chicago municipal bonds yield * (1 - tax rate 40%)

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3 years ago
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Answer:

Explanation:

. You can hire someone to keep your books but, you'll still need to know how to read, understand, and interpret basic accounting reports in order to make good business decisions and also for you to be able to know if someone is committing fraud. A basic knowledge will assist you in all this.

It is virtually impossible to smoothly run a business without being able to read, understand, and analyze accounting reports and financial statements

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