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Sidana [21]
3 years ago
14

A company begins operations in March and has the following transactions. March 1 Issue common stock for $17,500. March 5 Obtain

$8,300 loan from the bank by signing a note. March 10 Purchase construction equipment for $21,500 cash. March 15 Purchase advertising for the current month for $1,000 cash. March 22 Provide construction services for $17,300 on account. March 27 Receive $12,300 cash on account from March 22 services. March 28 Pay salaries for the current month of $5,300.Required:Record each transaction. Company uses the following accounts: Cash, Accounts Receivable, Notes Payable, Common Stock, Service Revenue, Advertising Expense, and Salaries Expense.
Business
1 answer:
inysia [295]3 years ago
6 0

Answer:don't get a loan

Explanation:u'll be bankrupt

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Alfred has set up a company. On day 1 he bought inventory, paying 6,000.0 on credit, due for payment on day 10. On day 2 he make
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The operating working capital that Alfred is going to have at the end of the day would be $12500.

<h3>How to solve for the working capital</h3>

The formula for the working capital = current assets - current liabilities

Current assets = $12500

current liabilities = 0

This is because, by the 10th day, he is supposed to have paid account payable.

The working capital would be = $12500 -0

= $12500

Read more on capital here: brainly.com/question/26214959

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2 years ago
__________ are such things as product, price, place, and promotion and are considered part of the environment that influences th
Alenkinab [10]
The answer is "<span>Marketing stimuli".
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6 0
3 years ago
The projected capital budget of Kandell Corporation is $1,000,000, its target capital structure is 60% debt and 40% equity, and
Ira Lisetskai [31]

Answer:

The correct answer is option (e).

Explanation:

According to the scenario, the computation of the given data are as follows:

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Debt = 60%

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Net income = $550,000

So, we can calculate the total dividend by using following formula:

Total dividend = net income - ( Equity × Capital budget )

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= $550,000 - $400,000

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8 0
3 years ago
Read 2 more answers
Bates Company currently produces and sells 4,000 units of a product that has a contribution margin of $5 per unit. The company s
JulijaS [17]

Answer:

1,875 units.

Explanation:

Break-even is the point where a company neither generate profit not make loss, or we can say that it the sales at which the operating profit will be zero. It can be calculated for sales volume as-well-as dollar sales. Let's prepare a contribution income statement to calculate the break-even sales in quantity. We know that:

               EBIT / Operating Profit = (SP * Q) - (VC * Q) - Fixed Cost

where

SP = Selling Price

Q = Quantity / Units

VC = Variable cost

As it is understood that the operating profit at break-even is zero, simply put it in the above contribution income statements along with other figures given in the question.

⇒ 0 = (20 * Q) - (12 * Q) - 15,000

OR 15,000 / (20 - 12) = Q

⇒ Break-even units = Q = 1,875 units.

3 0
3 years ago
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Nataliya [291]
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7 0
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