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elena-14-01-66 [18.8K]
3 years ago
13

June 1: Byte of Accounting, Inc. Acquired $78,200 in cash from lauren and issued 3,400 shares of its common stock.

Business
1 answer:
Paha777 [63]3 years ago
8 0

Answer:

Question requires that a journal entry is done;

Date                 Account Title                                     Debit                    Credit

June 1              Cash                                                $78,200

                        Common Stock                                                            $78,200

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Answer:

Option C.

Explanation:

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7 0
3 years ago
The rule of thumb that predicts that cpu capacity will double every two years is called ________.
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Hello!
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The answer to your question is "Moore's Law".
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The rule of thumb that predicts that cpu capacity will double every two years is called Moore's Law.
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8 0
3 years ago
Product U23N has been considered a drag on profits at Jinkerson Corporation for some time and management is considering disconti
STALIN [3.7K]

Answer:

                                 Product U23N

                                                                                          $

        Sales                                                                     730,000

Less: Variable cost                                                        350,000

         Contribution                                                          380,000

Less: Avoidable fixed manufacturing expenses           144,000

         Avoidable fixed selling and administrative cost  <u>93,000</u>

         Net contribution                                                    <u> 143,000</u>

Product U23N should not be discontinued because it has a positive contribution. If the company discontinued the product, the total profit of the company reduces by $143,000.

Explanation:

In this case, we need to determine the net contribution of the product.  Net contribution is the excess of sales over variable cost and avoidable fixed cost. Product U23N should not be discontinued because it has a positive net contribution. If the product is deleted, there will be a reduction in total profit of the company by $143,000.

6 0
3 years ago
ebecca is a marketing executive at an airline company. She has been asked to plan her company’s online advertising budget on a m
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Answer:

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6 0
3 years ago
Katsu Corp. distributes property to its shareholders as part of a complete liquidation. The fair market value of the property is
frutty [35]

Answer:

Gain will be $350000

So option (d) will be correct option

Explanation:

We have given fair market value of the property = $500000

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So option (D) will be correct option

3 0
3 years ago
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