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3 years ago

PLEASE HELP ASAP! Will give BRAINLIEST! Please answer correctly! No guessing!

Business

2 answers:

just olya [345]3 years ago

4 0

I think the answer is B

Debora [2.8K]3 years ago

4 0

Answer: Answer is B

Explanation:

People in this world always want more and more, and will do anything to get it.

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Romashka [77]

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7 0

3 years ago

Read 2 more answers

Lew's has 500 bonds outstanding with a price quote of 98.6. There are also 12,000 shares of common stock selling for $47 a share

wel

Answer:

$963300

Explanation:

Number of bonds = 500

Quote price of bond = 98.6

number of common stock shares = 12000

price of common stock share = $47

Number of preferred stock shares = 5000

price of preferred stock shares = $70

Calculate the weight of Equity

market value of bonds = 500 * 98.6 = $49300

market value of common stock = 12000 * 47 = $564000

market value of preferred stock = 5000 * 70 = $350000

therefore the weight of equity of Lew's

= value of bonds + value of common stock + value of preferred stock

= 49300 + 564000 + 350000 = $963300

3 0

3 years ago

Prepare journal entries to record the following transactions for a retail store. The company uses a perpetual inventory system a

lions [1.4K]

Answer:

A Retail Store

Journal Entries:

Apr. 2: Debit Inventory $3,600

Credit Accounts Payable (Lyon Company) $3,600

To record the purchase of inventory on account; FOB Shipping point, credit terms of 2/15, n/60.

Apr. 3: Debit Freight-in $360

Credit Cash $360

To record the payment of freight with cash.

Apr. 4: Debit Accounts Payable (Lyon Company) $500

Credit Inventory $500

To record the return of inventory on account.

Apr. 17: Debit Accounts Payable (Lyon Company) $3,100

Credit Cash $3,038

Credit Cash Discounts $62

To record the payment of cash on account, with discount.

Apr. 18: Debit Inventory $6,500

Credit Accounts Payable (Frist Corp.) $6,500

To record the purchase of inventory on account; FOB destination, credit terms of 1/10, n/30.

Apr. 21: Debit Accounts Payable (Frist Corp.) $500

Credit Inventory $500

To record the allowance received.

Apr. 28: Debit Accounts Payable (Frist Corp.) $6,000

Credit Cash $5,940

Credit Cash Discounts $60

To record the payment of cash on account, with discount.

Explanation:

a) Data and Analysis:

Apr. 2: Inventory $3,600 Accounts Payable (Lyon Company) $3,600. FOB Shipping point, credit terms of 2/15, n/60.

Apr. 3: Freight-in $360 Cash $360

Apr. 4: Accounts Payable (Lyon Company) $500 Inventory $500

Apr. 17: Accounts Payable (Lyon Company) $3,100 Cash $3,038 Cash Discounts $62

Apr. 18: Inventory $6,500 Accounts Payable (Frist Corp.) $6,500. FOB destination, credit terms of 1/10, n/30.

Apr. 21: Accounts Payable (Frist Corp.) $500 Inventory $500

Apr. 28: Accounts Payable (Frist Corp.) $6,000 Cash $5,940 Cash Discounts $60

7 0

3 years ago

What does the phrase "Revenue is recognized at the point of sale" mean? a.Revenue is recorded in the accounting records when the

Simora [160]

Answer: C

Revenue is recorded in the accounting records and reported on the income statement when goods are sold and delivered to a customer.

Explanation:

The term revenue recognition at the point of sale refers to the process of recording revenue from manufacturing and selling activities at the time of sale. The revenue recognition principle states a company can record revenue when two conditions are met. They must be realized or realizable, and earned.

8 0

3 years ago

________ is defined as a business firm's intention, beyond its legal and economic obligations, to do the right things and act in

Serggg [28]

Answer:

Social responsibility

Explanation:

Social responsibility is an obligation of a business firm to act in ways that are good to the society. A business firm must act in a way that will benefit the society.

It suggest that a business firm must be concerned about the welfare of the people in the community.

It is ethical of a business to consider the welfare of the people before taking any action in the society. This implies that, a business firm shouldn't only consider making profit or expanding their business but should take into consideration the wellbeing of the people around them.

Social responsibility is not only performed by a business firm but also the duty of every individual that is capable of impacting the environment.

Every individual and business firm should impact the environment in a positive way and Improve on the wellbeing of people dwelling in the environment.

4 0

4 years ago