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marin [14]
3 years ago
13

During 2017, its first year of operations as a delivery service, Concord Corporation entered into the following transactions:

Business
1 answer:
Natasha2012 [34]3 years ago
3 0

Answer:

Concord Corporation

Transaction Assets = Liabilities + Stockholders' Equity

1   Assets (Cash +$181,000) = Liabilities + Stockholders' Equity (Common Stock +$181,000)

2  Assets (Cash +$54,000) = Liabilities (Bonds Payable +$54,000) + Equity

3  Assets (Delivery Trucks +$60,000, Cash - $60,000) = Liabilities + Equity

4  Assets (Cash + $17,000, Accounts Receivable -$17,000) = Liabilities + Equity

5  Assets (Supplies + $5,800) = Liabilities (Accounts Payable +$5,800) + Equity

6  Assets (Cash - $4,800) = Liabilities + Equity (Retained Earnings -$4,800)

7  Assets (Accounts Receivable + $11,000) = Liabilities + Equity (Retained Earnings + $11,000)

8  Assets (Cash - $29,300) = Liabilities + Equity (Retained Earnings + $29,300)

9 Assets (Cash - $10,700) = Liabilities + Equity (Retained Earnings + $10,700)

Explanation:

In accordance with the accounting equation, Assets are always equal to Liabilities + Equity with each given business transaction.  The accounting equation reflects the double-entry system of accounting.  It shows that two or more accounts are involved in any transaction and each transaction that is properly recorded keeps the equation in balance at all times.

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If prices in the bond market become more volatile, everything else held constant, the demand curve for bonds shifts ________ and
docker41 [41]

If prices in the bond market become more volatile, everything else held constant, the demand curve for bonds shifts left and interest rates rises.

Interest is the amount paid by the borrower or deposit-taking financial institution to the lender or depositor in excess of the repayment of the principal at a specified rate. It is different from a fee that a borrower can pay to a lender or a third party.

Interest is the price you pay to borrow money or the cost you charge to borrow money. Interest is usually given as an annual percentage of the loan amount. This percentage is called the interest rate on the loan. For example, if you deposit money in a savings account, your bank will pay you interest.

Learn more about interest here:brainly.com/question/2151013

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5 0
1 year ago
A technology company is growing rapidly and needs to hire experienced developers and marketing professionals. The best people in
Karolina [17]

Answer:

B

Explanation:

Use social media platforms like LinkedIn to screen for people with the relevant experience at high-performing companies

Using social media platform like Linkedin you would normally find the best and high- perfoming individuals, whomare definetly and most likely to meet the criteria for the job and even be beyond expectations. This has become a lot easier to use in this dispensation.

5 0
3 years ago
Read 2 more answers
You are holding a stock that has a beta of 1.39 and is currently in equilibrium. The required return on the stock is 20.47%, and
r-ruslan [8.4K]

Answer: 26.73%

Explanation:

You can calculate the expected return using the Capital Asset Pricing Model (CAPM).

Formula is:

Expected return = Risk free rate + beta * (Market return - risk free rate)

Use the previous figures to solve for the risk free rate:

20.47% = Rf + 1.39 * (16.50% - Rf)

20.47% = Rf + 22.935% - 1.39R

20.47% - 22.935% = Rf - 1.39Rf

-2.465% = -0.39Rf

Rf = -2.465% / -0.39

= 6.32%

New expected return is:

= 6.32% + 1.39 * (21% - 6.32%)

= 26.73%

7 0
3 years ago
Nathan’s Athletic Apparel has 2,000 shares of 5%, $100 par value preferred stock the company issued at the beginning of 2017. Al
Oksi-84 [34.3K]

Answer and Explanation:

The computation is shown below:-

Particulars                                   Cumulative       Non Cumulative

Preferred dividends for 2018       $10,000              $10,000

Preferred dividend in

arrears for 2017                              $10,000               $0

Remaining Dividends to

Common stockholders                    $2,000             $12,000

Total Dividends                               $22,000           $22,000

Dividend payable to Preferred stockholders per year = (Number of shares × Par value) × Given percentage

= (2,000 × $100) × 5%

= $10,000

6 0
3 years ago
Watson Foods, Inc. reported the following transactions for September 2019.
natulia [17]

Answer:

(d) $6,000

Explanation:

The computation of the total liabilities is shown below:

Total liabilities = Office equipment purchased - cash paid

                       = $10,000 - $4,000

                       = $6,000

The remaining amount would reflect the note payable which is come under the liabilities accounts which is shown in the balance sheet.

The other information which is given in the question is not related to the liabilities account. Hence, we ignored it.

4 0
3 years ago
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