1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
rosijanka [135]
3 years ago
12

Presented below is information for Marin Company.

Business
1 answer:
hram777 [196]3 years ago
3 0

Answer:

Debit Accounts Receivable for $104,700; and Credit Sales Revenue for $104,700.

Debit Cash for $85,400; and Credit Accounts Receivable for $85,400.

Explanation:

The (summary) journal entries to record the items noted will look as follows:

<u>Particulars                                   Debit ($)             Credit ($)        </u>

Accounts Receivable                  104,700

Sales Revenue                                                         104,700

<u><em>(To record net sales (all on account) for the year.)                        </em></u>

Cash                                             85,400

Accounts Receivable                                               85,400

<u>(Collections on accounts receivable during the year.)                 </u>

You might be interested in
Bonita Industries had 205000 shares of common stock, 19100 shares of convertible preferred stock, and $1496000 of 5% convertible
s2008m [1.1K]

Answer:

EPS is $2.8 per share

Diluted EPS is $2.4 per share

Explanation:

Basic Earning per share is calculated dividing Earning for the year excluding preferred dividend by weighted average number of shares.

Basic EPS = (Net Income - Preferred dividends) / Weighted Average numbers of share

Basic EPS = ($592,000 - ( 19,100 x $0.9 ) / 205,000 = $2.8 per share

Diluted earning per share is calculated by adjusting all the convertible share options or securities in the outstanding share.

Diluted EPS = (Net Income - Preferred dividends) / Diluted numbers of share

Diluted EPS = ($592,000 - $17,190) / ( 205,000 + 39,000 )

Diluted EPS = $2.4 per share

All  the option given are inconsistent with data given.

8 0
3 years ago
What is the economic term for the practice of assigning small parts of a complicated job to individual workers who specialize in
ZanzabumX [31]
The economic term for the practice of assigning small parts of a complicated job to individual workers who specialize in doing there just smart part is called spe<span>cialization</span><span>. Specialization is achieved when the assigned personnel is master of his art and the resources are focused on the particular field. This leads to an efficiency called allocative efficiency.</span>
8 0
3 years ago
What theory asserts that workers want to be taken care of and protected by their leaders?
svlad2 [7]
I believe the correct answer is Theory X.
It is a rather pessimistic point of view which suggests that workers have no ambitions whatsoever and are constantly in need of someone to pat their shoulders and tell them they did a good job. They always need approval even though they are not interested in the work they do.
8 0
4 years ago
Year Cash Flow 0 –$ 8,300 1 2,100 2 3,000 3 2,300 4 1,700 What is the payback period for the set of cash flows given above? (Do
Readme [11.4K]

Answer:

3.53 years

Explanation:

The computation of the payback period is shown below:

In year 0 = $8,300

In year 1 = $2,100

In year 2 = $3,000

In year 3 = $2,300

In year 4 = $1,700

If we sum the first 3 year cash inflows than it would be $7,400

Now we subtract the $7,400 from the $8,300 , so the amount is  $900 as if we added the fourth year cash inflow so the total amount exceed to the initial investment. So, we deduct it

And, the next year cash inflow is $1,700

So, the payback period equal to

= 3 years + $900 ÷ $1,700

= 3.53 years

7 0
4 years ago
How much are these nails<br> have an estimate?
patriot [66]
If I had to guess I would have to say ( based on the design ) they would be around $35-$50.
8 0
3 years ago
Other questions:
  • The effectiveness of a boycott depends on worker’s ability to do what?
    15·1 answer
  • A company constructs a building for its own use. Construction began on January 1 and ended on December 30. The expenditures for
    10·1 answer
  • Any point on a country's production possibilities frontier represents a combination of two goods that an economy:
    14·1 answer
  • Randolph is a 30% partner in the rd partnership. on january 1, rd distributes $15,000 cash, inventory with a fair value of $20,0
    15·1 answer
  • New growth theoryLOADING... suggests that the accumulation of knowledge capital can be slowed because knowledge is both nonrival
    9·1 answer
  • In a single sentence, contrast microeconomics and macroeconomics. Next, categorize each of the following issues as a microeconom
    12·1 answer
  • The anchoring and adjustment heuristic come in to play when consumers base their predictions on the quickness and ease with whic
    7·1 answer
  • Cash flows from operating activities include:__________.a) paying principal to lenders. b) changes in accounts receivable. c) pu
    14·1 answer
  • Zina Balaskas (57) is single and earned $3,250 in wages. Because she has a large amount of investment income, she would like to
    13·1 answer
  • The CEO of Tough Mudder believes that teams in his company are not working as effectively as they could, and he is asking you fo
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!