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
N76 [4]
3 years ago
14

During 2022, its first year of operations as a delivery service, Indigo Corporation entered into the following transactions.

Business
1 answer:
irina [24]3 years ago
5 0

Answer:

Indigo Corporation

                                      Assets =   Liabilities  + Stockholders' Equity

1. Cash                         $150,000

 Common Stock                                                     $150,000

2. Cash                         $40,000

Bonds Payable                                 $40,000

3. Delivery trucks        $55,000

Cash                           ($55,000)

4. Cash                         $17,000

Accounts Receivable ($17,000)

5. Supplies                   $6,700

Accounts Payable                             $6,700

6. Cash                        ($4,200)                             ($4,200) Rent expense

7. Accounts Receivable 11,700                                $11,700 Service revenue

8. Cash                      ($26,800)                           ($26,800) Salaries exp.

9. Cash                       ($11,200)                             ($11,200) Dividends

Assets                      $166,200  =   $46,700   +   $119,500

Explanation:

a) Data and Analysis (Accounting Equation Effect):

1. Cash $150,000 Common Stock $150,000

2. Cash $40,000 Bonds Payable $40,000

3. Delivery trucks $55,000 Cash $55,000

4. Cash $17,000 Accounts Receivable $17,000

5. Supplies $6,700 Accounts Payable $6,700

6. Cash ($4,200) Rent Expense ($4,200)

7. Accounts Receivable $11,700 Service Revenue $11,700

8. Cash ($26,800) Salaries ($26,800)

9. Cash ($11,200) Dividends ($11,200)

You might be interested in
Ed lives in Merchantville , a state that has a so-called merchant protection statute (or shopkeeper's privilege). One day Ed goe
andre [41]

Answer:

the gourmet food that he was fed was poorly prepared

Explanation:

Shopkeeper's priviledge is the law that allows United States shop owners detain people that shoplifted from their shop.

They must have proof that the person did the crime and also are only able to hold him for a reasonable time.

In the given scenario the shop owner catches Ed red-handed in the act of shoplifting. He and an employee gently restrain Ed in the back room, feeding him gourmet food and wine until the local sheriff finally shows up three days later.

Ed can win a tort of false imprisonment if the gourmet food that he was fed was poorly prepared.

There must be proper care given while the suspect is being detained. Being fed poorly prepared food means he was detained under conditions that could be detrimental to his health

8 0
2 years ago
According to business process management, identify the management's next step after developing a vision for the organization.
elena55 [62]

Answer:

They should identify the critical processes that are to be redesigned.

Explanation:

Business process management focuses mainly on activities which is directed toward improving the company performance. It involves critically analysing, evaluating and improving various business processes.

Examples of business management tools include: Zoho creator, Pega platform, Bonita Bpm, Processmaker. These various tools helps to cut down different costs, build a stronger customer interaction, helps to develop an edge against competitors, reduce inefficiency among enployees, ensure smooth running of the organisation.

8 0
3 years ago
Home Remodelers, Inc., and Imogen enter into a contract for a sale of cabinets and countertops. Home Remodelers, a merchant who
zysi [14]

Answer:

C.

Explanation:

Based on the information provided by the Uniform Commercial Code (UCC) can be said that this means that fit for the ordinary purpose for which such goods are used. Meaning that the good that is being sold must meet the expectations that the ordinary buyer is expecting to receive from the product based on it's description and advertisements.

6 0
3 years ago
The procedures for using workgroup information systems need to be understood only by the IT department of an organization.
nikklg [1K]

False,The procedures for using workgroup information systems need to be understood only by the IT department of an organization.

<h3>What is information systems?</h3>

A formal, sociotechnical, organizational system designed to collect, process, store, and distribute information is known as an information system. Information systems are made up of four components from a sociotechnical standpoint: task, people, structure, and technology.

The field of information systems is concerned with the effective design, delivery, and application of information and communication technologies to solve problems for businesses, governments, and society.

System survey, needs analysis, design, implementation, testing, change, and maintenance are the six major stages of information system development.

To know more about information systems follow the link:

brainly.com/question/25226643

#SPJ4

7 0
1 year ago
According to Robert Merton, ____________________ occurs when individuals feel social and psychological strain due to a lack of a
ivanzaharov [21]

According to Robert Merton, Anomie occurs when individuals feel social and psychological strain due to a lack of acceptable means for achieving success.

Explanation:

The American sociologist named Robert King Merton. He worked most of his profession at Columbia University where he graduated as a professor of the University.

Anomie is "the state that society gives persons no moral guidance" .

Conflicts between values and social linkages between an individual and the group will contribute to anomia.

Goals can become so relevant that illegal means can be used if the institutionalised means — that is to say, appropriate in compliance to social standards — collapsed. Stronger emphasis on results than means produces a tension that leads to a deterioration of the regulatory structure–that is to say, anomie.

7 0
3 years ago
Other questions:
  • 25. Which of the following people will most LIKELY find the highest paying job in the workforce? *
    13·2 answers
  • Debt Collection Service enters into a contract to employ Emma as a billing manager for two years. During the first year, Emma is
    9·1 answer
  • Global information systems pose challenges because cultural, political, and language diversity magnifies differences in organiza
    15·1 answer
  • The income statement for the year ended December 31, 2017, for Laskowski Manufacturing Company contains the following condensed
    10·1 answer
  • You are part of a sales group that has been asked to give you a presentation.
    7·2 answers
  • Sara works at a printing company. She and her colleagues have to stagger
    10·2 answers
  • Collins Corporation uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead to jobs. The f
    14·1 answer
  • Employees covered by the overtime provisions of the Fair Labor Standards Act are labeled a. nonexempt employees. b. salaried wor
    15·1 answer
  • If a public offering of new stock is initially priced too high relative to market demand, the result would be a:_________
    7·1 answer
  • A(n) ________ strategy is the approach a functional area takes to achieve corporate and business unit objectives and strategies
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!