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2 years ago

Record the journal entry that would be made by a nongovernmental, not-for-profit organization involved in medical research.

Business

1 answer:

ra1l [238]2 years ago

6 0

Answer:

S/n Journal Entry Debit Credit

1 Cash $1,500

Contributions-Unrestricted $500

Contributions-Temporarily Restricted $1,000

2 Pledges Receivable $700,000

Contributions-Permanently Restricted $700,000

3 Medical Research Program Expenses $1,200

Contributions-Unrestricted $1,200

4 Medical Research Program Expenses $5,000

Cash $5,000

Net Assets Release - Satisfaction of $5,000

Program Restrictions - Temporarily

Restricted

Net Assets Released- Satisfaction of $5,000

Program Restrictions-Unrestricted

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A company purchased a commercial dishwasher by paying cash of $5,000. The dishwasher's fair value on the date of the purchase wa

Fed [463]

Answer:

$5,700

Explanation:

Purchased of a commercial dishwasher + Incurred transportation costs+ Installation fees= Total recorded amounts

$5,000 + $400 + $300 = $5,700.

Therefore the amount that the company will record the dishwasher is $5,700 because the parking ticket should be expensed as incurred due to the fact that it is not a cost necessary to get the asset ready for use.

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3 years ago

When a company does not have any convertible securities or options or warrants outstanding, the company has:

WITCHER [35]

Answer: Simple capital structure

Explanation: A company that does not have potentially dilutive or convertible securities in its capital structure, is said to have a simple capital structure. In a simple capital structure, the corporation finance its operation with common stock or non convertible preferred stock.

Hence , from the above we can conclude the right option is C.

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3 years ago

What’s the purpose of balancing or monitoring your checking account?

MaRussiya [10]

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Explanation:

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3 years ago

Wainright Co. has identified an investment project with the following cash flows. Year Cash Flow 1 $ 850 2 1,190 3 1,450 4 1,600

Mashutka [201]

Answer:

$4,238.05

Explanation:

The computation of the present value is shown below:

Years Cash flows Discount factor @7% Present value

1 $850.00 0.9345794393 $794.39

2 $1,190.00 0.8734387283 $1,039.39

3 $1,450.00 0.8162978769 $1,183.63

4 $1,600.00 0.762895212 $1,220.63

Total present value $4,238.05

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3 years ago

The two central concerns of marketing are __________.

tiny-mole [99]

~Hello There!~

It is option D.

Hope This Helps You!
Good Luck :)
Have A Great Day ^_^

- Hannah ❤

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3 years ago