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tatuchka [14]
3 years ago
5

Jeff Jackson opened Jackson's Repairs on March 1 of the current year. During March, the following transactions occurred: Jackson

invested $43,000 cash in the business in exchange for common stock. Jackson contributed $118,000 of equipment to the business. The company paid $3,800 cash to rent office space for the month of March. The company received $34,000 cash for repair services provided during March. The company paid $8,000 for salaries for the month of March. The company provided $4,800 of services to customers on account. The company paid cash of $2,300 for utilities for the month of March. The company received $4,900 cash in advance from a customer for repair services to be provided in April. The company paid $6,800 in cash dividends. Based on this information, net income for March would be:
Business
1 answer:
Vika [28.1K]3 years ago
6 0

tambien la necesito

Explanation:

tambine

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2)People might start buying domestically made electronics because of cheaper prices.
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Exercise 5-66 Bad Debt Expense: Percentage of Credit Sales Method Gilmore Electronics had the following data for a recent year:
Stels [109]

Answer:  Debit Bad debt expense $11,264, Credit Allowance for bad debt $11,264; Debit Allowance for bad debt $9,650, Credit Accounts receivable $9,650.

Explanation: Percentage of credit sales method means bad debt expense expressed as a percentage of sales.

The estimated bad debts rate is 2.2%, which translates to 2.2% of $512,000 (credit sales) = $11,264. The firm has to record this, being the estimated bad debts rate, as Debit to bad debt expense and Credit to allowance for bad debt. However, accounts receivable that was deemed uncollectible is $9,650. This amount would be taken out from the buffer in allowance account by debiting allowance for bad debt and crediting accounts receivable.

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3 years ago
The price of popcorn is $0.50 per box and the price of peanuts is $0.25 per bag, and eddie has $10 to spend on both goods. the m
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If peanuts cost .25 per bag, you would divide $10 by .25 to determine how many bags you are able to buy.

3 0
2 years ago
Markland Manufacturing intends to increase capacity by overcoming a bottleneck operation by adding new equipment. Two vendors ha
Veseljchak [2.6K]

Answer:

Proposal A: 5,455 units

Proposal B: 5,770 units

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The break-even point is the number of units required for the revenue to equal the total costs.

For proposal A:

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Selling Price = $24 / unit

(P-VC)*n-FC = 0\\(24-13)*n-60,000 = 0\\n=5,454.5\ units

For proposal B:

Fixed Costs = $75,000

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Selling Price = $24 / unit

(P-VC)*n-FC = 0\\(24-11)*n-75,000 = 0\\n=5,769.2\ units

Rounding up to the next whole unit, the break-even points for proposal A and B, respectively, are 5,455 and 5,770 units.

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3 years ago
Adam Sears is an assembly line employee with Swenson Motors. Though Adam is popular among his supervisors and colleagues, Adam e
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Answer:

The answer is: D) Adam's job has low task identity.

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The task identity of a job can be defined as the extent at which that job involves completing a piece of work.

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