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3 years ago

The following are the transactions of Spotlighter, Inc., for the month of January:

Business

1 answer:

coldgirl [10]3 years ago

6 0

Answer:

Spotlighter, Inc.

Cash

Account Titles Debit Credit

Beginning balance $0

Notes Payable $4,740

Common stock $5,430

Equipment $1,000

Supplies $1,100

Ending balance $8,070

Notes Payable

Account Titles Debit Credit

Beginning balance $0

Cash $4,740

Equipment 1,600

Ending balance $6,340

Common stock

Account Titles Debit Credit

Beginning balance $0

Cash $5,430

Equipment

Account Titles Debit Credit

Beginning balance $0

Cash $1,000

Notes Payable $1,600

Ending balance $2,600

Supplies

Account Titles Debit Credit

Beginning balance $0

Cash $1,100

Accounts Payable $1,500

Ending balance $2,600

Accounts Payable

Account Titles Debit Credit

Beginning balance $0

Supplies $1,500

Ending Balance $1,500

Explanation:

1) Data and Transaction Analysis:

a. Cash $4,740 Notes Payable $4,740

b. Cash $5,430 Common stock $5,430

c. Equipment $2,600 Cash $1,000 Notes Payable $1,600

d. Supplies $1,100 Cash $1,100

e. Supplies $1,500 Accounts Payable $1,500

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The Mill Flow Company has two divisions. The Cutting Division prepares timber at its sawmills. The Assembly Division prepares th

shtirl [24]

Answer:

Cutting $0

Revenue $1,480,000

Explanation:

Cutting Assembly

Revenue $660,000 $2,500,000

Cost of services:

Incurred $ 660,000 $ 360,000

Transferred-in $0 $660,000

Total $ 660,000 $1,020,000

Operating income $ 0 $1,480,000

60,000 cords x $11 = $660,000

Operating income:

Cutting

Revenue $660,000 - Total $ 660,000 =0

Assembly

Revenue $2,500,000- Total$1,020,000

=$1,480,000

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3 years ago

What may a vertically integrated company need to do when there are improvements in technology at the supply stage of the value c

Gelneren [198K]

Answer:

• may be required to incur high costs for abandoning old technologies in an effort to keep pace with suppliers.

• may need to continue producing suboptimal products rather than upgrading its technology

Explanation:

You didn't provide the options but I searched online and got the options from which the correct answers were chosen.

Vertical integration occurs when the suppliers or retailers is being controlled or owned by a company and hence, control its supply chain. This brings about reduction in costs and the improvement in efficiencies.

When there are improvements in technology at the supply stage of the value chain, the company will need to:

• may be required to incur high costs for abandoning old technologies in an effort to keep pace with suppliers.

• may need to continue producing suboptimal products rather than upgrading its technology

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3 years ago

Occasionally our economy experiences an unusual combination of rising prices and high unemployment. economists have given this u

Alborosie

Occasionally our economy experiences an unusual combination of rising prices and high unemployment. economists have given this unusual pairing the name stagflation.

Stagflation is a combination of the words ‘stagnation’ and ‘inflation’. It refers to the economic trend where there is rising prices yet high levels of unemployment.

It leads to an intractable situation where policy initiatives to boost economic growth such as expansionary monetary policy worsens the inflation rate, while attempts to rein in inflation has a further dampening effect on the economy. It is often caused by poor economic policies.

Stagflation was observed in the US economy during the oil crisis of the 1970s that caused a major recession. But inflation and unemployment rates were at a high during this time.

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1 year ago

A global recession might limit the benefits of diversifying your investments because:________

Natasha2012 [34]

A global recession might limit the benefits of diversifying your investments because most investments may perform poorly if all countries are in a recession

A prolonged period of worldwide economic contraction is referred to as a global recession. As a result of trade links and international financial systems, economic shocks and the effects of recession spread from one nation to the next, causing more or less synchronized recessions in many national economies.

A decline in global per capita gross domestic product (GDP) is one of the factors the International Monetary Fund (IMF) employs to identify global recessions. The IMF defines this decline in global output as having to occur at the same time as a deterioration of other macroeconomic indices, such as trade, capital flows, and employment.

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1 year ago

A financial intermediary is a corporation that takes funds from investors and then provides those funds to those who need capita

Alex17521 [72]

Answer:

True

Explanation:

A financial intermediary is a corporation that takes funds from investors and then provides those funds to those who need capital. A bank that takes in demand deposits and then uses that money to make long-term mortgage loans is one example of a financial intermediary.

7 0

2 years ago