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irinina [24]
3 years ago
12

Pharoah Company, a computer services company, entered into these transactions during May 2017, its first month of operations. St

ockholders invested $44,500 in the business in exchange for common stock of the company.
1. Stockholders invested $44,500 in the business in exchange for common stock of the company

2. Purchased computers for office use for $27,600 from Ladd on account.

3. Paid $5,600 cash for May rent on storage space.

4. Performed computer services worth $18,700 on account.

5. Performed computer services for Wharton Construction Company for $3,800 cash.

6. Paid Western States Power Co. $6,200 cash for energy usage in May.

7. Paid Ladd for the computers purchased in (2).

8. Incurred advertising expense for May of $2,000 on account.

9. Received $10,100 cash from customers for contracts billed in (4).
Business
1 answer:
Daniel [21]3 years ago
4 0

sorryyyyyyyyyyyyyyyyyyyy

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Additional paid-in capital is most likely to appear on the balance sheet of a corporation that:
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b. has no-par value stock.

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2 years ago
(6 points) Life rating in Greece. Greece faced a severe economic crisis since the end of 2009. Suppose a Gallup poll surveyed 1,
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3. n = 250 phat - 25% — 0.25 z score - 5%/2 —  2.5 on each end — z = 1.9 se - use formula - .0470.25 +/- 1.9 x .027+: .3675 -: .1325.

4. A. wider

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In this question, it is essential to estimate the actual population of Greeks that believe they are extremely poor and also suffering. This will be used for proper sampling. Furthermore, in the sample considered, it was discovered that the parameter point estimate is approximately 25% and a change in the sample size or confidence level will alter the interval.

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3 years ago
Comparing Three Depreciation Methods Waylander Coatings Company purchased waterproofing equipment on January 6 for $502,200. The
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Answer:

Please find the complete question in the attached file.

Explanation:

Year\ \ \ \ \ \ \ \text{Straight - line method}  \ \ \ \ \ \ \text{Units-of-Activitymethod}\ \ \  \ \ \ \text{Double-declining-balance method}\\\\1\ \ \ \ \ \ \ \ \$211,200\ \ \ \ \ \ \ \ \$316,800\ \ \ \ \ \ \ \ \$460,400\\\\2\ \ \ \ \ \ \ \ \$211,200\ \ \ \ \ \ \ \ \$264,000\ \ \ \ \ \ \ \ \$230,200\\\\3\ \ \ \ \ \ \ \ \$211,200\ \ \ \ \ \ \ \ \$149,600\ \ \ \ \ \ \ \ \$115,100\\\\4\ \ \ \ \ \ \ \ \$211,200\ \ \ \ \ \ \ \ \$114,400\ \ \ \ \ \ \ \ \$39,100\\\\

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7 0
3 years ago
A piece of laborsaving equipment has just come onto the market that Mitsui Electronics, Ltd., could use to reduce costs in one o
Veronika [31]

Answer:

1a. Payback period = <u>Initial outlay</u>

                                  Annual cost saving

                                = <u>$484,500</u>

                                    $85,000

                                 = 5.7 years

b. The equipment should not be purchased because it has a longer payback period than the company's required payback period.

2a.                                      $

Annual cost saving         85,000

Less: Depreciation          <u>40,375</u>

Annual profit                    <u>44,625</u>

Simple rate of return = <u>Annual profit</u>  x 100

                                      Initial outlay

                                      <u>$44,625</u>    x 100

                                      $484,500

                                    = 9.21%

Depreciation = <u>Cost - Residual value</u>

                         estimated useful life

                      = <u>$484,500 - 0</u>

                               12 years

                      = $40,375 per annum

2b, The equipment should not be purchased because the simple rate of return is lower than the company's required rate of return.

Explanation:

Payback period is the ratio of initial outlay to annual cost saving. It is the period in which the initial outlay is recouped.

Simple rate of return is the ratio of annual profit to initial outlay. It measures the rate of return on capital invested.

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