Ask question

Ask question

All categories

3 years ago

6

Gardening supplies are hot now, but they haven't always been. Why is this true of other businesses, too?

1 answer:

9966 [12]3 years ago

5 0

i think your answer is B

ok

:P

╦___________________________________╦

│Hope this helped _____________________│

│~Xxxtentaction ^̮^ _____________________│

╩___________________________________╩

You might be interested in

On May 23, Stoltz Realty Inc. issued for cash 80,000 shares of no-par common stock (with a stated value of $3) at $12. On July 6

Slav-nsk [51]

Answer:

23rd May

Dr Cash 960,000

Cr Common stock 240,000

Cr Paid-in Capital - Common Stock 720,000

( to record the issuance of 80,000 common shares for cash)

6th July

Dr Cash 900,000

Cr Preferred stock 900,000

( to record the issuance of 18,000 preferred shares for cash)

15th September

Dr Cash 750,000

Cr Common stock 150,000

Cr Paid-in capital - Common Stock 600,000

( to record the issuance of 50,000 common shares for cash)

Explanation:

Working notes for each transactions:

* 23rd May:

Cash increases by: Amount of stocks issued * Price at issuance = 80,000 * 12 = $960,000

Common stock account increases by: Amount of stock issued * Stated value = 80,000 * 3 = 240,000

Paid-in capital account increased by: Amount of stock issued * ( Price at issuance - Stated value) = 80,000 * 9 = $720,000

* 6th July:

Cash increases by: Amount of stocks issued * Price at issuance = 18,000 * 50 = $900,000

Preferred stock account increases by: Amount of stock issued * Par value = 18,000 * 50 = $900,000;

As shares are issued at par; no paid-in capital amount recorded.

* 15th September:

Cash increases by: Amount of stocks issued * Price at issuance = 50,000 * 15 = $750,000

Common stock account increases by: Amount of stock issued * Stated value = 50,000 * 3 = 150,000

Paid-in capital account increased by: Amount of stock issued * ( Price at issuance - Stated value) = 50,000 * 12 = $600,000.

3 0

3 years ago

At the beginning of the current fiscal year, the balance sheet for Davis Co. showed liabilities of $256,000. During the year lia

marshall27 [118]

Answer:

-$43,200

Explanation:

Required:

Calculate net income (or loss) for the year. (Negative amounts should be indicated by a minus sign.)

assets = liabilities + stockholders' equity

ending liabilities = $256,000 - $14,400 = $241,600

ending stockholders' equity = $343,200

ending assets = $241,600 + $343,200 = $584,800

beginning assets = $584,800 - $52,000 = $532,800

beginning liability = $256,000

beginning stockholders' equity = $532,800 - $256,000 = $276,800

beginning stockholders' equity $276,800

+ additional paid in capital $129,600

- dividends ($20,000)

+ net income ?

= ending balance stockholders' equity $343,200

net income = ending balance stockholders' equity + dividends - additional paid in capital - beginning balance = $343,200 + $20,000 - $129,600 - $276,800 = -$43,200

7 0

3 years ago

Presented below are three transactions. Mark each transaction as affecting owner's investment (I), owner's drawings (D), revenue

emmasim [6.3K]

Answer:

a. revenue (R), affecting owner's investment (I)

b. not affecting owner's equity (NOE)

c. expense (E) and affecting owner's investment (I)

Explanation:

Revenues and Expense form Profits which are included in the statement of changes in equity through the Retained Income line item, thus these two also affect owners investment.

7 0

3 years ago

How many dollars does "Johnson & Johnson" make every 20 seconds?

pshichka [43]

Answer:

Johnson & Johnson make $51,433.28 every 20 seconds

Explanation:

<u><em>The complete question is</em></u>

I'm playing a riddle game thing and one of the questions is

"How many dollars does Johnson & Johnson make every 20 seconds?"

I found that they make 81.1 billion dollars yearly, but I have no clue how to get it to 20 seconds.

<u><em>Remember that</em></u>

1 year=365 days

1 day=24 hours

1 hour=60 minutes

1 minute=60 seconds

so

Convert year to seconds

$(365)(24)(60)(60)=31,536,000\ sec$

1 billion=1,000 millions

1 billion=1*10^9

81.1 billion dollars=81.1*10^9 dollars

we have

$81.1*10^{9} \frac{\$}{year}$

Convert to $/sec

$81.1*10^{9}\frac{\$}{year}=81.1*10^{9}/31,536,000=2,571.66\frac{\$}{sec}$

Multiply by 20 sec

$2,571.66(20)=\$51,433.28$

therefore

Johnson & Johnson make $51,433.28 every 20 seconds

3 0

3 years ago

Christie sued her former employer for a back injury she suffered on the job in 2019. As a result of the injury, she was partiall

charle [14.2K]

Answer:Christie's 2020 gross income= $172,000

Explanation:

According to IRS, under the tax benefit rule Amount of punitive damages and amount of recovered medical expenses is to be added to gross income, $240,000 for the loss of future income of will not be included.

Therefore we have that

Christie's 2020 gross income=Punitive damages + Recovered medical expenses = $160,000 + $12,000 = $172,000

5 0

3 years ago