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creativ13 [48]
3 years ago
6

Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company's recor

ds show the following accounts and amounts for the month of August.
Cash $ 25,420 C. Camry,
Withdrawals $6,070
Accounts receivable 22,430
Consulting fees earned 27,070
Office supplies 5,330
Rent expense 9,630
Land 44,070
Salaries expense 5,670
Office equipment 20,080
Telephone expense 950
Accounts payable 10,550
Miscellaneous expenses 570
Use the above information to prepare an August statement of owner's equity for Help Today. The owner's capital account balance at July 31 was $0, and the owner invested $102,600 cash in the company on August 1.
Business
1 answer:
elixir [45]3 years ago
5 0

Answer:

See below

Explanation:

Equity is calculated as

= Assets[ Fixed + Current] - Liabilities

= [$25,420 + $22,430 + $44,070 + $20,080] - [ $6,070 + $10,550]

= $112,000 - $16,620

= $95,380

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2 years ago
The following are all disadvantages of SWOT analyses, EXCEPT: a. Critics of SWOT analysis argue that it is too simplistic and do
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Answer: Option (C)

Explanation:

SWOT analysis is defined as or referred to as a strategic planning process that is used in order to help an individual or a company identify the strengths,  opportunities, weaknesses, and threats that are related to their business competition or the project they are planning. It is mostly intended in order to  specify objectives of a business project or venture and thus identify external and internal factors which are unfavorable and favorable in order to achieve these objectives.

8 0
4 years ago
On January 1 of the current year, the Barton Corporation issued 12% bonds with a face value of $88,000. The bonds are sold for $
gogolik [260]

Answer:

b.$11,088

Explanation:

The computation of the interest expense is shown below

= Cash interest + discount amortized

= ($88,000 × 12%) + ($88,000 - $85,360) ÷ 5 years

= $10,560 + $528

= $11,088

Hence, the interest expense is $11,088

Therefore the correct option is b.

We simply applied the above formula so that the correct value could come

And, the same is to be considered

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3 years ago
Use demand and supply diagrams (with proper labels and arrows) to show the effect of
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Answer:

Please check the attached images for the graphs

Explanation:

a.DVD players and DVDs are complements

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b. As a result of the report, the demand for chocolate candy bars increases. This would lead to a rightward shift of the demand curve. Equilibrium price and quantity would increase

c. As a result of the policies, the demand for cigarettes would fall. This would lead to a leftward shift of the demand curve. Equilibrium price and quantity would fall.

d. As a result of the automation, there would be less need for unskilled labour. As a result, the demand for unskilled labour would fall. This would lead to a leftward shift of the demand curve. Equilibrium price and quantity would fall.

e. increase in interest rate increases the demand for bonds. This would lead to a rightward shift of the demand curve. Equilibrium price and quantity would increase

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In this case, the Sturdy Construction is engaging in an effective supply chain management.

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