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3 years ago

1. B. Journalize the transactions for May, starting on Page 20 of the journal.*

Business

1 answer:

jeyben [28]3 years ago

8 0

Answer:

Rent Expense (Dr.) $5,000

Cash (Cr.) $5,000

Inventory (Dr.) $35,380

Accounts Payable Martin Co. (Cr.) $35,380

Accounts Receivable Korman Co. (Dr.) $62,000

Sales (Cr.) $62,000

Cost of Goods Sold (Dr.) $48,500

Inventory (Cr.) $48,500

Explanation:

Advertising Expense (Dr.) $21,800

Cash (Cr.) $ 21,800

Cash (Dr.) $62,000

Accounts Receivable Korman Co. (Cr.) $62,000

Customer Refund Payable (Dr.) $31,500

Cash (Cr.) $31,500

Sales Salaries Expense (Dr.) $12,000

Office Salaries Expense (Dr.) $ 38,000

Cash (Cr.) $50,000

Store Supplies Expense (Dr.) $2,200

Cash (Cr.) $2,200

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A sole proprietor has ______ personal liability for all business debts and obligations.

andreev551 [17]

A sole proprietor has unlimited personal liability for all business debts and obligations.

<h3>Who is a sole proprietor?</h3>

A sole proprietor is the owner of a sole proprietorship. A sole proprietorship is a type of business that is owned by one person.

A sole proprietor and the business are regarded as a single person under the law. Thus, a sole proprietor has an unlimited liability. An unlimited liability means that in event of default, both the e property of the business and the sole proprietor can be seized.

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Answer:

Strategic dissonance

Explanation:

Based on the information provided within the question it can be said that the term that best illustrates the situation is Strategic dissonance. This term intents to describe the disconnect between the organization's actions from their actual intent. Which seems to be the case in this scenario as Cardwire Inc. has lowered it's prices in order to sell more and lower it's overall costs but has instead spent more on buying raw materials.

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3 years ago

TB MC Qu. 08-152 Minor Company installs a machine... Minor Company installs a machine in its factory at the beginning of the yea

Neko [114]

Answer:

The correct answer is "$54000".

Explanation:

According to the question,

Annual depreciation rate will be:

= $\frac{100 \ percent}{5}$

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hence,

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By putting the values, we get

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3 years ago

Sanders, Inc., paid a $4 dividend per share last year and is expected to continue to pay out 60% of its earnings as dividends fo

maks197457 [2]

Answer:

The price of the stock today is $42.94

Explanation:

The price of a stock whose dividends are expected to grow at a constant rate is calculated using the constant growth model of Dividend Discount model approach. It bases the price of the stock on the present value of the expected future dividends. The price today under this model is calculated as follows,

P0 = D0 * (1+g) / r - g

Where,

D0 * (1+g) is the D1 or the dividend for the next year
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g is the growth rate in dividends

P0 = 4 * (1+0.052) / (0.15 - 0.052)

P0 = $42.938 rounded off to $42.94

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3 years ago

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