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spin [16.1K]
3 years ago
10

The last in line for the payment of profits are the:_______ a) boundholders b) common stockholders c) preferred stockholders d)

government e) customers.
Business
1 answer:
Feliz [49]3 years ago
8 0

Answer:

common stockholders

Explanation:

After taxes have been paid to the government, bondholders are paid.

Bondholders are those who borrow money to a company. They are paid fixed contractual amount at set dates

After bondholders have been paid, preferred stockholders are paid.

common stockholders are the last to be paid. common stockholders are owners of the company. common stockholders are individuals that purchase the shares of a company

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Prepare summary journal entries to record the following transactions for a company in its first month of operations.
iragen [17]

Answer: The journal has been attached

Explanation:

The summary journal entries to record the following transactions for a company in its first month of operations has been attached.

Note that the work on process Inventory for (f) was calculated as the direct labor of 40000 multiplied by 125%. This will be:

= 40000 × 125%

= 40000 × 1.25

= 50000

4 0
3 years ago
ABC purchases inventory for $2,000 and incurs shipping costs of $100 for the goods to be delivered. To record this transaction,
Rus_ich [418]

Answer: 1. D) Assets are understated

2. D) Car dealers

Explanation:

1. The shipping costs to bring Inventory into a business are known as Carriage Inwards. This amount is to be debited with the Inventory as it is considered to be part of the cost of acquiring the inventory. By not putting this cost with the inventory, ABC is undervaluing the inventory account which is an Asset account. The Assets are therefore understated.

2. The Specific Identification Method of inventory valuation is based on each individual unit purchased or sold. It does not group items and tracks each item from the moment it is purchased to the moment it is sold so the cost of the specific inventory is known. This method is used more often by businesses that deal with easily identifiable items such as Jewellers and Car dealers because each car is big enough to be tracked individually.

6 0
4 years ago
To start out, general operating expense should not exceed<br> O 7%<br> 33%<br> 2596<br> O<br> 10%
marshall27 [118]

Answer:

25%.

To start out, general operating expense should not exceed 25%.

Add-on:

i hope this helped at all.

8 0
3 years ago
Novak Corp. had accounts receivable of $140,000 on January 1, 2022. The only transactions that affected accounts receivable duri
algol13

Answer:

a. $210,000

b. 21.69 times

c. 16.83 average days to collect receivables

Explanation:

a. Ending balance of accounts receivable

= Beginning account receivable + Net credit sales - Cash collections

= $140,000 + $3,795,000 - $3,725,000

= $210,000

b. Account receivable turnover

= Net credit sales ÷ [(Beginning inventory + Ending inventory)/2]

= $3,795,000÷ [($140,000 + $210,000)/2]

= $3,795,000 ÷ $175,000

= 21.69 times

c. Average collection period in days

= Average account receivable ÷ [ Annual sales ÷ 365]

= $175,000 ÷ [$3,795,000 ÷ 365]

= $175,000 ÷ $10,397

= 16.83 average days to collect receivables

5 0
3 years ago
On friday, niles sold $3.25 more than twice what she sold on thursday. she sold $20.25 friday. how much did she sell thursday?
shtirl [24]
I think it would be 30
6 0
4 years ago
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