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Nikolay [14]
3 years ago
15

Bought goods for cash $100 to double entry system.

Business
1 answer:
aalyn [17]3 years ago
3 0
Purchases account is going to increase on the credit side and the cash account is going to decrease ( to be written on the credit side).
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The two main sources of stockholders' equity are
Helen [10]
1)The first, and original source is the money that was originally invested in the company.

2)Any additional investments made there after!

Have a Warm and Wonderful Day!!
8 0
4 years ago
Suppose income increases by 10 percent and, as a result, the quantity of a particular brand of automobile demanded (holding the
insens350 [35]
C is the answer becaause if you do that then you get it
6 0
3 years ago
Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales $49,000C
Slav-nsk [51]

Answer:

Since the answer requires construction of a proforma income statement, please refer to the explanation section for the answer

Explanation:

The proforma invoice has been provided below. Sales have been increased by 18%. The question states that costs vary with sales therefore, the costs are kept at the same percentage of sales in the proforma. Costs as a percentage of sales in the question come out to 82%. Taxable income is Sales less Costs. Taxes are 22% of taxable income. Dividend payout ration is calculated by dividends paid divided by total income available to shareholders. Total income available to shareholders includes Net Income PLUS non cash charges (depreciation) MINUS Non Cash Sales. With the information given in the question, it is assumed that non cash charges and non cash sales are zero so the only income available to shareholders is the net income. Dividend payout in the question comes out to 35%.

Sales 57,820.00  

Costs   47,554.00                    

Taxable Income   10,266.00  

Taxes   2,258.52  

Net Income   8,007.48  

Dividend = Dividend payout ratio x Net Income: 0.35 x 8,007.48

So, Dividends =  2,832.00  

Addition in Retained earnings = Net Income - Dividend = 8,007.48 - 2,832

So, Addition in Retained earnings =  5,175.48  

5 0
3 years ago
$159 per unit $205 per unit $166 per unit $292 per unit Olds Inc., which produces a single product, has provided the following d
ruslelena [56]

Answer:

Unit product cost= $204

Explanation:

Giving the following information:

Number of units produced 10,700

Variable costs per unit:

Direct materials $108

Direct labor $51

Variable manufacturing overhead $7

Fixed manufacturing overhead $417,300

Under the absorption costing method, the unit product cost is calculated using the direct material, direct labor, and total unitary overhead.

First, we need to calculate the unitary fixed manufacturing overhead

unitary fixed manufacturing overhead = 417,300/10,700= $39 per unit

Unit product cost= 108 + 51 + 7 + 39= $204

4 0
3 years ago
What are the two principal animal research regulatory documents used by the public health service?
BARSIC [14]
<span>"Public Health Service Policy on Humane Care and Use of Laboratory Animals" by the US Deparment of Health and Human Services; and "Guide for the Care and Use of Laboratory Animals" by the National Research Council of the National Academies.</span>
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3 years ago
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