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Ierofanga [76]
3 years ago
6

Describe the effect of each transaction on assets, liabilities, and stockholders' equity.

Business
1 answer:
Aliun [14]3 years ago
8 0

Answer:

<u><em>Issued Common Stock to Investors in exchange for Cash received from investors</em></u>

Stockholders Equity = Increase

Assets = Increase

Liabilities = No Effect

<u><em>Paid Monthly Rent</em></u>

Assets = Decrease

Stockholders equity = Decrease

Liabilities = No Effect

<u><em>Received cash from customers when service is performed</em></u>

<em>Assets = Increase</em>

Stockholders Equity = Increase

Liabilities = No Effect

<u><em>Billed Customers when service is performed</em></u>

<em>Assets = Increase</em>

Liabilities = No Effect

Stockholders Equity = Increase

<em />

Explanation:

<u><em>Issued Common Stock to Investors in exchange for Cash received from investors</em></u>

Stockholders Equity increase due to increase in issue of additional common stock.

Assets increase due to inflow of asset of Cash resulting from the issue.

<u><em>Paid Monthly Rent</em></u>

Stockholders equity decrease due to increase in an expense item (Rent) which decreases profits attributable to stockholders.

Assets decrease due to outflow of economic benefits in form of cash.

<u><em>Received cash from customers when service is performed</em></u>

Shareholders Equity increase increase due to inflow of economic benefits in form of revenue, which would consequently increase profit attributable to shareholders.

Assets are increasing due to inflow of economic benefits in form of cash.

<u><em>Billed Customers when service is performed</em></u>

Assets are increasing due to increase of future economic benefit in form of Accounts Receivable.

Shareholders Equity increase increase due to inflow of economic benefits in form of revenue, which would consequently increase profit attributable to shareholders.

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Explanation:

Certain points that are to be kept in Mind when writing a  Condolence Messages  are:

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3 0
3 years ago
Lease Plan Effectively Manages Diversity
mylen [45]

Answer:

Lease Plan

1) The trend in gender diversity that appears to be most supported by the outcomes of Lease Plan's program changes is:

Increases in seats on boards of directors—in Fortune 550 firms up to 16.6 percent in 2013 from only 9.6 percent in 1995.

2. Thomas's generic action options for managing diversity that is most illustrated in the case is:

include/exclude

3. Based on the information in the case, the barriers and challenges to managing diversity that were identified in the text that appear to have been present at Lease Plan were:

a. an unsupportive or hostile work environment

b. inaccurate stereotypes

Explanation:

Thomas's include and exclude generic action option emphasizes that more diverse employees should be employed in addition to minority-owned companies being used as vendors.  This option makes it possible for embracing and practicing workplace diversity.  It creates an open-minded and supportive workplace, encouraging the sharing of information and the integration of behavior to accept and value human differences, thereby overcoming stereotypes.

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3 years ago
Department S had no work in process at the beginning of the period. It added 12,200 units of direct materials during the period
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Answer:

Cost of completed units = $158,240

Explanation:

<em>Cost of completed units = Cost per equivalent unit × no of units</em>

<em>Equivalent unit = Degree of completion × units of work</em>

<em>Equivalent units of material</em>

( 9200× 100%)   + (3000×100%) = 12,200 unit

Cost per equivalent unit of material = $97,600/12,200 units= $8

<em>Equivalent units of labour and overhead</em>

(9200× 100%) + (3000× 25%) = 750

Cost per equivalent unit of labour and overhead

=( 73,630+17910)/9950 =$9.2

Cost of completed units

= $(9.2+8)× 9,200 = 158,240

Cost of completed units = $158,240

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