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Scilla [17]
3 years ago
6

A corporation issued 6,200 shares of $10 par value common stock in exchange for some land with a market value of $94,000. The en

try to record this exchange is:
Business
1 answer:
andreev551 [17]3 years ago
6 0

Answer:

Debit Land $94,000; credit Common Stock $62,000; credit Paid-In Capital in Excess of Par Value, Common Stock $32,000

Explanation:

Preparation of what The entry to record this exchange is:

Debit Land $94,000

Credit Common Stock $62,000

(6,200*$10)

Credit Paid-In Capital in Excess of Par Value, Common Stock $32,000

($94,000-$62,000)

(To record exchange)

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Lense Laboratories' net income was $260,000. Given the account information below, what is the net cash flows from operating acti
Feliz [49]

Answer:

The question is incomplete, below is the completed question:

Lense Laboratories' net income was $250,000. Given the account information below, what is the net operating cash flows for Lense Laboratories?

Increase In Accounts Receivable...$60,000

Increase In Salaries Payable...$50,000

Decrease In Inventory...$30,000

Depreciation Expense...$45,000

Increase In Prepaid Insurance...$3,000

a. $152,000.

b. $278,000.

c. $312,000.

d. $438,000.

The correct answer is:

$312,000 (c.)

Explanation:

operating cash flow is the number of cash generated by a business' regular operating activities within a specific time period.

The formula for net operating cash flow is as follows:

Operating cash flow = Net income + Non-cash expenses - increase in working capital

Net income = $250,000

Non-cash expenses = increase in salary payable + decrease in inventory + depreciation in expenses

Non-cash expenses = 50,000 + 30,000 + 45,000 = $125,000

increase in working capital = increase in accounts receivable + increase in prepaid insurance

increase in working capital = 60,000 + 3,000

increase in working capital = $63,000

∴ Operating cash flow = 250,000 + 125,000 - 63,000 = $312,000

Cash flow from activities = $312,000

8 0
3 years ago
Spirit Airlines has wall monitors that show media interactions in real time. As a message appears on the screen, the system reco
dedylja [7]

The above-given situation is an example of social media monitoring.

<h3>What is social media monitoring?</h3>
  • Social media is now used by the majority of eCommerce platforms to interact with both current and potential clients.
  • Businesses may communicate with customers in real time thanks to these networks.
  • Monitoring social media can help you understand how your business is being discussed online.
<h3>What is personal selling?</h3>
  • When a salesperson meets with a potential customer to close a deal, this is known as personal selling.
  • A sequential sales process with typically nine steps is used by many salespeople.
<h3>What is crowdsourcing?</h3>
  • With crowdsourcing, a sizable number of scattered participants produce or provide goods or services, including ideas, votes, tiny chores, and money, for pay or as volunteers.
<h3>What is brandjacking?</h3>
  • Brandjacking is a practice where someone takes over another entity's online identity with the intention of gaining the brand equity of that person or company.

Therefore, the above-given situation is an example of social media monitoring.

Know more about brand equity here:

brainly.com/question/14293418

#SPJ4

5 0
2 years ago
John is just hired by a software company as a programmer. He is also a part-time student at the local college and needs just a f
gulaghasi [49]

Answer:

Green circle rates

Explanation:

Green circle rates refers to a form of pay rate that is below the average pay rate that the company usually give to other employees.

Typically, Green Circle rates is given to young /inexperienced workers who still haven't earned enough trust for the companies and still under a trial period. Companies tend to consider such workers as non-essential at first. If the employees have proven themselves enough, the company will set up a proper contract with normal amount of payment.

8 0
3 years ago
Which of the following is of paramount concern when screening and selecting potential group members?​ a. The ability to be integ
Fittoniya [83]

Answer:

d. The risk of lack of follow-through after selection

Explanation:

As rigorous as the process of selection might be, there is a greater risk of a lack of follow-through after selection.

When working in a team, the following are expected: genuine commitment, flexibility, being reliable, prompt communication, fast adaptability, and lastly among others, being positive.

5 0
3 years ago
A summary of selected ledger accounts appears below for Solomon’s Electrical Services for the current calendar year-end. Common
DaniilM [7]

Answer:

b.net loss

Explanation:

A debit entry in the retained entry account may have two reasons dividend declaration entry and net loss adjustment entry. Form the dividend  account we see there is no dividend entry of $18,000. So the only option is the net loss adjustment entry of $18,000.

Journal Entry for the adjustment is as follow

Dr. Retained Earning $18,000

Cr. Income Summary $18,000

7 0
3 years ago
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