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3 years ago

4. Which of the following is minced by very thin slicing?

Business

2 answers:

Shkiper50 [21]3 years ago

8 0

it actually depends on what your cooking but the most one that you would choose is chives are cut very thin.

MaRussiya [10]3 years ago

3 0

The answer is A. Garlic

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How would the issuance of common stock for cash affect the accounting equation?

shepuryov [24]

Answer:

Explanation:

The journal entry to record the given transaction is shown below:

Cash A/c Dr XXXXX

To Common stock A/c XXXXX

(Being the issuance of the common stock is recorded)

The accounting equation is

Total Assets = Total liabilities + Stockholder equity

Cash Increased = No effect + Increased

Therefore, the cash account and the common stock is increased.

3 0

3 years ago

There is a 3 percent error rate at a specific point in a production process. If an inspector is placed at this point, all the er

xenn [34]

Answer:

Yes the inspector should be hired

Explanation:

Defective average = 0.03

inspection rate = 30 per hour

Cost of inspector = 8 per hour

Correction cost is $10 each

No inspection = 9/30

= 0.300

Inspector = 8/30

= 2.67

Yes the inspector should be hired

5 0

3 years ago

Darell Hair Stylists's adjusted trial balance and statement of owner's equity follow.

il63 [147K]

Answer:

Total Assets = Total Liabilities and Stockholder's Equity = $20,200

Explanation:

An unclassified balance sheet is a type of balance sheet that does not present assets and liabilities under different categories. It only presents all assets in order of liquidity and liabilities in order of the shortness of their terms.

This can be prepared for this question as follows:

Darell Hair Stylists

Unclassifed Balance Sheet

At December 31, 2018

Particulars Amount ($)

Cash 1,000

Accounts Receivable 900

Office Supplies 600

Equipment 19,700

Accumulated Dep. - Equipment (2,000)

Total Assets  20,200 

Accounts Payable 900

Interest Payable 550

Notes Payable 3,400

Common Stock 10,650

Retained Earnings, Dec. 31, 2018 4,700

Total Liabilities and Stockholder's Equity  20,200 

Since Total Assets and Total Liabilities and Stockholder's Equity as it is normally required, that indicates that the unclasified balance sheet has been prepared accurately.

4 0

4 years ago

Linda's Luxury Travel (LLT) is considering the purchase of two Hummer limousines. Various information about the proposed investm

sammy [17]

Answer:

1) Accounting rate of return is 8.2%

2) Payback period is 5.95 years

3) Net present value (NPV) is ($88,643.26)

4) Option B

Explanation:

Initial Investment = $720,000 , Useful life = 10 years , Salvage Value = $100,000

Annual Net Income generated = $59,040 , Cost of capital = 14%

Depreciation = ($720,000 - $100,000) ÷ 10 = $62,000

Annual Cash flows = $59,040 + $62,000 = $121,040

1) Accounting rate of return = (Annual Net Income ÷ Average Investment) × 100

= (59,040 ÷ 720,000) × 100

= 8.2%

2. Payback Period = Initial Investment ÷ Annual Cashflows

= 720,000 ÷ 121,040

= 5.95 years.

3. PV of cash flows = 121,040 × PVAF(14% for 10 years)

= 121,040 × 5.2161

= $631,356.74

Less: PV of cash outflow = $720,000

Net present value (NPV) = (88,643.26)

4. If IRR = Discount rate, then NPV = 0

If IRR < Discount Rate, Then NPV is negative

If IRR > Discount Rate, Then NPV is positive

Here NPV is negative, so IRR is less than discount rate i.e.14%

5 0

4 years ago

What is a certificate of deposit (CD)?

lina2011 [118]

Answer:

i believe the answer is b

6 0

3 years ago