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Reptile [31]
3 years ago
6

If a firm borrowed money on a six-month bank loan, the firm's working capital immediately after obtaining the loan, relative to

its working capital just prior to the loan, would be:
Business
1 answer:
vfiekz [6]3 years ago
8 0

Answer:

kkphoyc7cfiv8g88gccucxyuxyxyxxu

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Suppose that XYZ2 shop Company recorded as a purchase certain goods that it purchased account, with the term FOB shipping point
xxMikexx [17]

Answer:

77

Explanation:

76

3 0
3 years ago
the combination of successive stages of production and distribution under a single ownership defines which vertical marketing sy
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Corporate vertical marketing system

3 0
1 year ago
Petty Cash Fund Entries
katrin2010 [14]

Answer:

A. Dr Petty cash fund $500

Cr Cash $500

B. Dr Office supplies expenses $212

Dr miscellaneous selling expense $156

Dr miscellaneous administrative expense $61

Dr Cash short and over 31

Cr Petty cash fund $460

Dr Petty cash fund $460

Cr Cash $460

Explanation:

A. Preparation of the journal entry to establish the petty cash fund.

Dr Petty cash fund $500

Cr Cash $500

(To establish the petty cash fund)

B. Preparation of the journal entry to replenish the petty cash fund.

Dr Office supplies expenses $212

Dr miscellaneous selling expense $156

Dr miscellaneous administrative expense $61

Dr Cash short and over 31

($500-$212+$156+61+$40)

Cr Petty cash fund $460

($212+$156+$61+$31)

(To replenish the petty cash fund)

Dr Petty cash fund $460

($212+$156+$61+$31)

Cr Cash $460

3 0
3 years ago
A customer tells you that they “must have” a particular item that you are out of in your store. You can tell that the customer i
Karolina [17]
I would say, "Please wait a moment. I'll check if the item will be in stock soon or already in stock." If the supervisor is available quickly after he or she is done, I'd ask them if they could help look in the back.

8 0
3 years ago
Agee Storage issued 40 million shares of its $1 par common stock at $15 per share several years ago. Last year, for the first ti
zysi [14]

Answer:

Agee’s total paid-in capital will decline by $17 million.

Explanation:

Stock Repurchase is a method to reduce the outstanding shares and equity value of the company in the market, company pays the stockholder and purchases own shares, which can be reissued or cancelled later on.

Common stock value = 40 million shares x $1 per share = $40 million

Additional Paid-in-Capital = 40 million shares x ( $15-$1)per share = $560 million

Stock was repurchased and recorded as follow

Dr. Treasury Shares  $18 million

Cr. Cash                     $18 million

Retirement of Shares will reduce the values as follow

Common stock value = 1 million shares x $1 per share = $1 million

Additional Paid-in-Capital = 1 million shares x ( $18-$1)per share = $17 million

Journal Entry on retirement of shares

Dr. Common stock    $1 million

Dr. Paid-In-Capital     $17 million

Cr. Treasury Shares  $18 million

The paid in capital will reduce by $17 million

7 0
3 years ago
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