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alex41 [277]
2 years ago
11

Below are a number of transactions that took place in Willie Corporation during the past year:

Business
1 answer:
zubka84 [21]2 years ago
8 0

Answer:

A. Common stock was sold for cash: Financing

B. Equipment was sold for cash Investing

C. A long term loan was made to a subsidiary Investing

D. Interest was received on loan to subsidiary Investing

E. Interest Payable, a current liability, was reduced Operating

F. A stock dividend was declared and issued on common stock None

G. A building was acquired by issuing shares of common stock None

H. Accrued Income Taxes, a current liability account, was reduced Operating

I. Long term investments were sold Investing

J. Cash dividends were declared and paid. Financing

K. Preferred stock was sold for cash Financing

L. Bonds were retired Financing

M. Dividends were received on an investment Investing

N. Equipment was purchased by giving a long term note to the seller None

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4 0
1 year ago
Company ABC makes kitchen appliances that have many features in great demand by professional chefs whose only interest is in the
weeeeeb [17]

Answer:

d. quality.

Explanation:

-Delivery area refers to the places in which the appliances can be delivered.

-Quantity refers to the amount of appliances that the company can produce and sell.

-Price refers to the amount of money that customers would pay for the appliances.

-Quality refers to the degree in which the appliances can meet the customer's requirements.

According to this, the answer is that based on its customers, ABC should try to dominate the market in quality because its products meet the expectations of professional chefs and that should be market to focus on as the company can have an important advantage by providing exactly what they need.

The other options are not right because professional chefs are interested on what they can do with this appliances and not on price, quantity or delievery area.

6 0
3 years ago
The direct materials and direct labor budgets provide information for preparing the
iragen [17]

Answer:

The cash budget is the appropriate answer

Explanation:

When the budgeted direct materials as well as the required  budgeted labor hours are ascertained, the step needs to be taken further in order to know how the costs budgeted fit into overall cash situation of the business.

The suppliers of direct materials would have given the company the maximum number of days that expect cash , in order to meet up with such deadline the company must plan ahead by incorporating the values of such purchases into cash flow projections, the same also applies to cost of direct labor.

7 0
3 years ago
Read 2 more answers
Scarcity is the most basic problem in economics true or false
Rasek [7]
True.

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5 0
2 years ago
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You purchased 100 shares of IBM common stock on margin at $70 per share. Assume the initial margin is 50% and the maintenance ma
Misha Larkins [42]

Answer:

$50

Step by Step Explanation:

100 shares × $70 = $7,000

$7,000 × 0.5 = $3,500 (loan amount)

0.30 = (100P −$3,500)/100P

0.30×100P= 30P

30P = 100P −$3,500

30P- 100P= -70P

−70P = −$3,500

-3500/-70P = $50P

P = $50

The stock price level someone would get a margin call Assuming the stock pays no dividend is $50

4 0
3 years ago
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