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3 years ago

11

Has anyone ever had the thought of wanting more friends but you are so weary of the people around you that you are not sure? I a

m not petty but if your nothing but drama please unfriend me.

2 answers:

Gekata [30.6K]3 years ago

8 0

Answer:

I have

Explanation:

Maru [420]3 years ago

3 0

Answer:

I wanna be friends!

Explanation:

I like Anime

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An income statement for Sam's Bookstore for the first quarter of the year is presented below: Sam's Bookstore Income Statement F

AysviL [449]

Answer:

Answer: The net operating income used in contribution approach the first quarter is 171600

Explanation:

Description Amount Amount

Sales 960000

Variable expenses:

Cost of good sold 670000

Variable selling 80000

(5 per book*16000 books)

Variable administrative 38400

(960000*4%)

Total variables expenses 788400

contribution margin 171600

working note:

unit sales=960000/60 per book=16000 book

3 0

3 years ago

Imagine that you and a friend have developed a new sneaker and would like to manufacture the sneaker and sell it to Foot Locker.

Zinaida [17]

Answer:

biasnnsjzsnsnjsksslsllshsbsbjzkzmsnam

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3 years ago

Companies Heidee and Leaudy are virtually identical in that they are both profitable, and they have the same total assets (TA),

ale4655 [162]

Answer:

e. Company Heidee has a higher ROE than Company Leaudy.

Explanation:

Return on equity measures how well the management of a business uses owner's equity to get returns. It is calculated by dividing net income by owner's equity.

That is

ROE= Net Income ÷ Owner's equity

Considering the accounting equation

Asset= Liability + Owner equity

Owner equity= Asset - Liability

From the equation when a company that take on more debt owner's equity will reduce.

The effect of reduction in owner's equity on Return on Equity is that it will increase the ratio, since owner's equity is the denominator.

In this scenario both companies have the same profit margin so if company Heidee has higher debt ratio it follows that it also has a higher ROE than Company Leaudy

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3 years ago

Greer Manufacturing purchases property that includes land, buildings and equipment for $4.7 million. The company pays $185,000 i

nekit [7.7K]

Answer:

Explanation:

The journal entry is shown below:

Land A/c Dr $1,459,920

Equipment A/c Dr $2,085,600

Building A/c Dr $1,668,480

To Cash A/c $2,607,000 ($5,214,000 × 50%)

To Notes payable A/c $2,607,000 ($5,214,000 × 50%)

(Being purchase of property is recorded)

The total property cost would be

= $4,700,000 + $185,000 + $218,000 + $111,000

= $5,214,000

Estimated value of land = $5,214,000 × 28% = $1,459,920

Estimated value of building = $5,214,000 × 40% = $2,085,600

Estimated value of equipment = $5,214,000 × 32% = $1,668,480

6 0

3 years ago

The journal entry a company records for the payment of interest, interest expense, and amortization of bond discount is debit In

stepladder [879]

Answer:

Debit Interest Expense, credit Cash and Discount on Bonds Payable.

Explanation:

The journal entry that a company needs to record for payment of interest is: a debit to the interest receivable account and a credit to the interest income account.

The journal entry that a company needs to record for interest expense is: a debit to interest expense and a credit to cash.

The journal entry that a company needs to record for interest expense is: a debit to interest expense and a credit to discount on bonds payable.

4 0

3 years ago