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3 years ago

7

As a manager of a department store, you must deal with a variety of business transactions. Place the letter of each of the foll

owing transactions next to the effect it has on the accounting equation. a. Paid cash to the stockholders as a distribution of earnings. b. Paid cash to purchase land for building site. c. Paid cash on an account payable. d. Sold stock to stockholders. e. Received cash from the bank in exchange for a note payable.

1 answer:

LiRa [457]3 years ago

8 0

Answer:

a. Paid cash to the stockholders as a distribution of earnings

cash outflow <em>Assets decrease</em> as cash is an assets which are giving.

also,. <em>equity decrease</em> as we are giving in favor fo the stockholders

b. Paid cash to purchase land for building site

none effect

the land will incrase our asset but, this effect will be negate by the cash used to acquire it

c. Paid cash on an account payable

cash outflow hence, <em>Assets decrease</em>

Then, <em>Liability decrease </em>as the total of our debts is reduced

d. Sold stock to stockholders

<em>Assets increase </em> we solve thus, we receive cash for the stocks

<em>Equity increase</em> as there is moe stock of the company. the equity increased

e. Received cash from the bank in exchange for a note payable.

cash inflow hence, <em>Assets increase</em>

<em>Liabilities increase </em> as we take a new debt. The total amount due for the firm increases.

Explanation:

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g Hochberg Corporation uses an activity-based costing system with the following three activity cost pools: Activity Cost Pool To

iogann1982 [59]

Answer: $2.81 per machine hour

Explanation:

Wages and salaries $ 423,000

Activity cost pools 10%

Allocated amount = 10% of $423000

= 0.1 × 423000

= $42,300

Depreciation = $112,000

Activity cost pools 10%

Allocated amount = 10% of 112,000

= 0.1 × 112000

= $11200

Occupancy 154,000

Activity cost pools 20%

Allocated amount = 20% of 154000

= 0.2 × 154000

= $30800

Total allocated amount = $42300 + $11200 + $30800 = $84300

The cost hour is the machine hour which is 30,000

Rate per machine hour = total allocated amount/machine hour

= 84300/30000

= $2.81 per machine hour

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3 years ago

In a flexible budget performance report _____.

natulia [17]

Answer:

b. the budget is adjusted to the actual activity for the period.

Explanation:

A flexible budget performance report is a comparison between actual costs and revenues, and the budgeted income and expenses at the end of a period, based on actual performance. The report shows the difference between the actual results and the estimated numbers. Management uses the report to determine if the company's results were in line with management expectations.

The performance report is prepared at the end of a financial period. It helps the management analyse any major variances between the actual performance at the estimated numbers at the beginning of a period. The report helps the management identify the companies strong areas, and the sections that need improvements.

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4 years ago

Firms that play it safe and do not enter the global market are likely to lose their chances to enter other markets ________.

DaniilM [7]

And risk losing their home markets.

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4 years ago

During July, Laesch Company, which uses a perpetual inventory system, sold 1,430 units from its LIFO-based inventory, which had

ohaa [14]

Answer:

Laesch Company

Journal entries:

Sale of 1,430 units

Debit Cash or Accounts Receivable $40,040

Credit Sales Revenue $40,040

To record the sale of 1,430 units of inventory at $28.

Debit Cost of goods sold $27,170

Credit Inventory $27,170

To record the cost of the goods sold at $19.

Sale of 1,390 units

Debit Cash or Accounts Receivable $38,920

Credit Sales Revenue $38,920

To record the sale of 1,390 units of inventory at $28.

Debit Cost of goods sold $26,410

Credit Inventory $26,410

To record the cost of the goods sold at $19.

Explanation:

Laesch Company can use Journal entries to record its business transactions as they occur on a daily basis. Journal entries show the accounts involved in any transaction and the one to be debited or credited. From the journal, postings are made to the general ledger into individual accounts.

3 0

4 years ago

Resolve (7x+19)/(x+1)(x+5) into partial fraction

Volgvan

Answer:

$\dfrac{7x+19}{(x+1)(x+5)}=\dfrac{3}{x+1}+\dfrac{4}{x+5}$

Explanation:

The given expression is

$\dfrac{7x+19}{(x+1)(x+5)}$

We need to resolve this into partial fraction.

The form of the partial fraction decomposition is

$\dfrac{7x+19}{(x+1)(x+5)}=\dfrac{A}{x+1}+\dfrac{B}{x+5}$ ...(1)

$\dfrac{7x+19}{(x+1)(x+5)}=\dfrac{A(x+5)+B(x+1)}{(x+1)(x+5)}$

$7x+19=Ax+5A+Bx+B$

$7x+19=(A+B)x+(5A+B)$

On comparing both sides, we get

$A+B=7$ ...(2)

$5A+B=19$ ...(3)

Subtract (2) from (3), we get

$4A=12$

$A=3$

Put A=3 in (1).

$3+B=7$

$B=4$

Put A=3 and B=4 in (1).

$\dfrac{7x+19}{(x+1)(x+5)}=\dfrac{3}{x+1}+\dfrac{4}{x+5}$

Therefore, $\dfrac{7x+19}{(x+1)(x+5)}=\dfrac{3}{x+1}+\dfrac{4}{x+5}$ .

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3 years ago