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3 years ago

Como se origino el hombre

Business

1 answer:

Eva8 [605]3 years ago

7 0

English Answer:

Answer:

Humans originated from monkeys.

Explanation:

Humans slowly evolved from monkeys and changed into what they are today.

Answer in Spanish

Responder:

Los humanos se originaron a partir de los monos.

Explicación:

Los humanos evolucionaron lentamente de los monos y se convirtieron en lo que son hoy.

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Accounting Cycle Review 15 a-e

OLga [1]

Requirment: Prepare a Balance Sheet as at December 31, 2020.

Answer:

<h2>Cullumber Corporation</h2><h3>Balance Sheet as of December 31, 2020:</h3>

Current Assets:

Cash $61,140

Accounts Receivable 60,000

less allowance for doubtful 6,000 54,000

Inventory 23,300 138,440

Non-current Assets:

Land 67,200

Buildings 81,700

Accumulated Depreciation 28,050 53,650

Equipment 41,000

Accumulated Depreciation 17,890 23,110 143,960

Total Assets $282,400

Liabilities + Equity:

Current Liabilities:

Accounts Payable 19,500

Interest Payable 4,400

Dividends Payable 5,802

Unearned Rent Revenue 1,800 31,502

Non-current Liabilities:

Bonds Payable (10%) 44,000 $75,502

Equity:

Common Stock ($10 par) 38,000

Paid-in Capital in Excess of Par—Common 10,240

Preferred Stock ($20 par) 20,000

Paid-in Capital in Excess of Par—Preferred 3,000

Retained Earnings 138,258

Treasury Stock (2,600) 206,898

Total Liabilities + Equity $282,400

Explanation:

a) Cullumber Corporation's Unadjusted Trial Balance as of December 31, 2020:

Debit Credit

Cash $26,100

Accounts Receivable 60,000

Inventory 23,300

Land 67,200

Buildings 81,700

Equipment 41,000

Allowance for Doubtful Accounts $470

Accumulated Depreciation—Buildings 25,500

Accumulated Depreciation—Equipment 14,200

Accounts Payable 19,500

Interest Payable –0–

Dividends Payable –0–

Unearned Rent Revenue 7,200

Bonds Payable (10%) 44,000

Common Stock ($10 par) 28,000

Paid-in Capital in Excess of Par—Common Stock 5,600

Preferred Stock ($20 par) –0–

Paid-in Capital in Excess of Par—Preferred Stock –0–

Retained Earnings 65,330

Treasury Stock –0–

Cash Dividends –0–

Sales Revenue 570,000

Rent Revenue –0–

Bad Debt Expense –0–

Interest Expense –0–

Cost of Goods Sold 380,000

Depreciation Expense –0–

Other Operating Expenses 36,900

Salaries and Wages Expense 63,600

Total $779,800 $779,800

b) Cullumber Corporation's Adjusted Trial Balance as of December 31, 2020:

Debit Credit

Cash $61,140

Accounts Receivable 60,000

Inventory 23,300

Land 67,200

Buildings 81,700

Equipment 41,000

Allowance for Doubtful Accounts $6,000

Accumulated Depreciation—Buildings 28,050

Accumulated Depreciation—Equipment 17,890

Accounts Payable 19,500

Interest Payable 4,400

Dividends Payable 5,802

Unearned Rent Revenue 1,800

Bonds Payable (10%) 44,000

Common Stock ($10 par) 38,000

Paid-in Capital in Excess of Par—Common Stock 10,240

Preferred Stock ($20 par) 20,000

Paid-in Capital in Excess of Par—Preferred Stock 3,000

Retained Earnings 65,330

Treasury Stock 2,600

Cash Dividends 5,802

Sales Revenue 570,000

Rent Revenue 5,400

Bad Debt Expense 5,530

Interest Expense 4,400

Cost of Goods Sold 380,000

Depreciation Expense 6,240

Other Operating Expenses 36,900

Salaries and Wages Expense 63,600

Total $839,412 $839,412

c) Cash Account Adjustment:

Balance as per Trial Balance $26,100

Preferred Stock 23,000

Common Stock 24,000

Treasury Stock (11,960)

Adjusted Cash balance $61,140

d) Income Statement

Sales Revenue $570,000

Cost of goods sold 380,000

Gross profit $190,000

Rent Revenue 5,400

Total $195,400

less expenses:

Bad Debt Expense 5,530

Interest Expense 4,400

Depreciation Expense 6,240

Other Operating Expenses 36,900

Salaries and Wages Expense 63,600 116,670

Net Income $78,730

Retained Earnings 65,330

Dividends (5802)

Retained Earnings carried forward $138,258

7 0

4 years ago

15. Your company contracted for a 30-second commercial (an advertisement) that aired during the Super Bowl at a cost of $1.2 mil

Diano4ka-milaya [45]

Answer: D) It increases liabilities and decreases stockholders' equity by $1.2 million each.

Explanation:

Even though the company has not paid for the advertisement, the expense has already been incurred and by the Accrual principle of accounting it needs to be recorded.

It will therefore be recorded as an expense which will reduce the Income for the year which is a Stockholder equity account so therefore it will reduce the Stockholder account by $1.2 million.

Because the company has not yet paid for the advert, the amount have to be recorded as a liability to the company so liabilities will increase by $1.2 million.

4 0

3 years ago

Net operating income is income after interest and taxes. true or false

ollegr [7]

False. Net operating income is income after interest and taxes.

Net operating income, also know as, NOI is used to generate income mainly in real estate. To solve for net operating income you take the revenue from the property sold and subtract the operating expenses from the sale.

3 0

4 years ago

1. Assume a closed economy, perfectly elastic labor supply, and linear technol-ogy. Suppose the incremental capital-output ratio

Vera_Pavlovna [14]

Answer:

Using the Harrod-Domar growth equation

Growth rate = Saving rate / Capital output ratio

Growth rate = 0.01 / 3

Growth rate = 0.003

Growth rate = 0.3%

Thus, the value of growth rate is 0.3%

When the incremental capital-output ratio is 3, to achieve the 5% growth rate, the gross saving rate is 0.24 or 24%

Exogenous growth: When the labor supply is perfectly elastic, then the exogenous does not allow any factor to substitute

Endogenous growth: When the labor supply is perfectly elastic, theem the exogenous does not lead to address the savings decision or sources of productivity growth.

8 0

4 years ago

It is now January 1, 2013, and you are considering the purchase of an outstanding bond that was issued on January 1, 2011. It ha

frutty [35]

Answer:

a. Assuming you hold the bonds until they mature, the rate of return you would probably earn is the YTM of 5.89%.

b. Assuming you hold the bonds until they are called, the rate of return you would probably earn is the YTC of 5.65%.

Explanation:

This can be determined by calculating the YTM and YTC as follows:

a. Calculation of Yield to Maturity (YTM)

The bond's Yield to Maturity can be calculated using the following RATE function in Excel:

YTM = RATE(nper,pmt,-pv,fv) .............(1)

Where;

YTM = yield to maturity = ?

nper = number of periods = number of years to maturity = 30

pmt = annual coupon payment = annual coupon rate * Face value = 7% * $1,000 = $70 = 70

pv = present value = current bond price = $1,155 = 1155

fv = face value or par value of the bond = 1000

Substituting the values into equation (1), we have:

YTM = RATE(30,70,-1155,1000) ............ (2)

Inputting =RATE(30,70,-1155,1000) into excel (Note: as done in the attached excel file), the YTM is obtained as 5.89%.

Therefore, assuming you hold the bonds until they mature, the rate of return you would probably earn is the YTM of 5.89%.

b. Calculation of Yield to Call (YTC)

The bond's Yield to call can be calculated using the following RATE function

in Excel:

YTC = RATE(nper,pmt,-pv,fv) .....................(3)

Where;

YTM = yield to call = ?

nper = number of periods = number of years of call protection = 11

pmt = annual coupon payment = annual coupon rate * Face value = 7% * $1,000 = $70 = 70

pv = present value = current bond price = $1,155 = 1155

fv = future value of the bond or the amount at which the bond can be called = $1,085 = 1085

Substituting the values into equation (3), we have:

YTM = RATE(11,70,-1155,1085) ............ (4)

Inputting =RATE(11,70,-1155,1085) into excel (Note: as done in the attached excel file), the YTM is obtained as 5.65%.

Therefore, assuming you hold the bonds until they are called, the rate of return you would probably earn is the YTC of 5.65%.

Download xlsx

3 0

4 years ago

Como se origino el hombre​

Como se origino el hombre