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Mrrafil [7]
3 years ago
8

Select the correct answer.

Business
2 answers:
marysya [2.9K]3 years ago
7 0

Answer: the answer would be c

Explanation: i helped you out so subscribe to this gamer

Snowcat [4.5K]3 years ago
6 0

Answer:

firefighter would require a good psychical health and strength. answer is C

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Monika's gift barn has cash of $316, accounts receivable of $687, accounts payable of $709, and inventory of $2,108. what is the
kondaur [170]
Given:
Cash = $316
Accounts receivable = $687
Accounts payable = $709  (Liabilities)
Inventory = $2,108 (Assets)

Total assets = Cash + Receivables  
                    = 316 + 687 = $1,003
Liabilities = $709

By definition, the quick ratio is
QR = (Assets - Inventory) / Liabilities
      = (1003 - 2108)/709
      = -1.5585

This means that the gift barn is over-leveraged and struggling to grow.

Answer: -1.56 
3 0
3 years ago
Vaughn Company issues 11,300 shares of restricted stock to its CFO, Mary Tokar, on January 1, 2020. The stock has a fair value o
Firlakuza [10]

I think you made mistakes in the dates which i have corrected in the explanations----Prepare the journal entries to record the restricted stock on "January 1, 2017" (the date of grant), and "December 31, 2018"

Answer: Please see answer in explanation column

Explanation:

To record unearned compensation

Date      Account titles and explanation      Debit          Credit

Jan 1, 2020 Unearned compensation       $565,000  

   To Common stock ( 11,300 shares × $10)                     $113,000  

To Paid in capital in excess of par - common stock      $452,000

To record the compensation expense

Date      Account titles and explanation        Debit              Credit

Dec 31, 2020  Compensation    expenses      $113,000  

   To    Unearned compensation                                             $113,000

Calculation:

Compensation expenses =$565,000 ÷ 5 years=   $113,000

To record the forfeiture

Date             Account titles and explanation          Debit                Credit

July 25, 2021   Common stock                               $113,000

Paid in capital in excess of par - common stock    $452,000

To Compensation expenses                                                             $113,000  

To Unearned compensation                                                            $452,000

Calculation:

Common stock ( 11,300 shares × $10)= $113,000

To Compensation expenses  $113,000  ($113,000 × 1 year) January 1, 2020-July 25, 2021,

Unearned compensation =fair value of $565,000 --Compensation expenses  of $113,000   =  $452,000

7 0
3 years ago
Knoll Company started Year 2 with a $1,000 balance in its Cash account, a $200 balance in its Supplies account and a $1,200 bala
Eddi Din [679]

Answer:

$750

Explanation:

Calculation to determine what the amount of supplies expense reported on the Year 2 income statement is:

Using this formula

Supplies expense=Balance in Supplies account

+Cash paid to purchase supplies)-Supplies on hand

Let plug in the formula

Supplies total amount =($200 + $600) -$50

Supplies total amount=$800-$50

Supplies total amount=$750

Therefore the amount of supplies expense reported on the Year 2 income statement is:$750.

8 0
3 years ago
Which company is a major national credit bureau in the united states
tensa zangetsu [6.8K]

There are three main credit bureaus (also known as credit reporting agencies) servicing the United States: Trans Union, Equifax and Experian. Each bureau is independent and a competitor of each other. Because of this there could be differences between the reports of the three credit bureaus.

6 0
3 years ago
Read 2 more answers
Outsourcing of jobs works best for jobs that require problem solving and creativity. TRUE or FALSE.
Neko [114]
The answer is True!!!!!
5 0
3 years ago
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