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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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kap26 [50]

Answer:

I'm pretty sure it b, and if it's not I am so srry

6 0
3 years ago
If a currency's spot market is liquid, its exchange rate will ________ highly sensitive to a single large purchase or sale of th
Troyanec [42]

Answer:

The correct answers to fill the blank spaces are not be; small

Explanation:

If a currency's spot market is liquid, its exchange rate will not be highly sensitive to a single large purchase or sale of the currency. Therefore, the change in the equilibrium exchange rate will be relatively small.

7 0
3 years ago
Read 2 more answers
Jefferson Inc. (JI) is a relatively new company that wants to improve its employee rewards, compensation, and benefits. The comp
Lerok [7]

Answer:

The correct answer is comparable worth.

Explanation:

Comparable worth is a legal concept that applies to workplaces. In essence, this concept argues that all jobs or positions that are considered by the employer of similar value must be compensated in the same way, regardless of the gender of the employee. In some places, this concept of equal pay for work of equal value is also about inequality in remuneration based on race or sexual orientation. At its heart, comparable value focuses on ensuring that people who are contributing to acceptable levels for a business or other organization are compensated equally and without any prejudice or discrimination.

6 0
3 years ago
On May 1, 2021, Cedar Corp. paid $432,000 for rent on warehouse space one year in advance. On November 1, 2021, Cedar Corp. ente
lorasvet [3.4K]

Answer: $324,000

Explanation:

Cedar Corp. paid $432,000 for a year in advance. According to the Accrual principle in Accounting, expenses are to be recorded only when incurred.

The rent will therefore have to be apportioned to the months that it has paid for in the current period.

Rent for year = $432,000

Rent for month = 432,000/12 = $36,000

April - December = 9 months

Rent for the year = 9 * 36,000

= $324,000

Note; <em>Question is about Rent expense which is how much Cedar Corp has paid not about how much they have received. </em>

4 0
3 years ago
Describe personal selling. Personal selling is direct communication between a sales representative and one or more prospective b
ELEN [110]

Explanation:

<u>5.1 Discuss the role of personal selling in promoting products. What advantages does personal selling offer over other forms of promotion?</u>

Personal selling is a traditional sales method that consists of a more personalized service and a more efficient product promotion compared to other forms of promotion. This is due to the fact that, in a personal sale, there is the direct influence of the seller to explain the functionalities and characteristics of a product, which is usually done using sales and negotiation techniques that directly influence the buyer to feel the need for the product that is being promoted. The advantages of personal selling as opposed to other types of promotion, is the possibility of reducing the time and effort of purchase, since in this type of sale, the seller goes to the customer to offer the product.

<u></u>

<u>5.2 What are the major advantages of personal selling to the company selling a product? What are the advantages to the person or company buying the product?</u>

The biggest advantages of personal selling for the company that sells a product is the greater possibility of having a closed purchase, since the potential sales are made with your potential customers. There is also a decrease with other types of product promotion, which can be costly, such as advertising an advertisement on television, and which may not generate the expected goal of increasing product sales.

The advantages for the person or company that buys the product is the possibility of knowing and seeing the functionality of the product before purchasing and the possibility of negotiating and providing meaningful feedback, which can influence the seller to make the sales proposal more flexible by making it more attractive to the customer. Personal selling also creates value for the customer, as the service is personalized, based on their profile, characteristics, desires and needs.

7 0
3 years ago
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