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seraphim [82]

A $2 bill is worth 200 pennies, 20 dimes, 4 half dollars, and 25 nickels.

Hope this helps :)

5 0

3 years ago

As owner of a retail franchise food store, Mary Grey purchases supplies based on specials advertised nationally throughout the f

Artemon [7]

Answer: Sharing information across the organisation

Explanation: In the given case, Mary grey is the owner of a retail store hence it is her duty to know all the goods that are offered by her store. However she did not knew the special goods when the customers asked for it.

This shows that the franchise company is not performing effectively in the area of sharing information as all the stakeholders do not know all the relevant information.

7 0

4 years ago

Javier computer services began operations in July 2017. At the end of the company prepares monthly financial statements. It has

defon

Answer and Explanation:

The adjusting entries are shown below:

a. Salaries expense Dr $1,400

To Salaries payable $1,400

(being salaries expense is recorded)

b. Interest expense ($40,000 × 12% × 1 ÷12) $400

To interest payable $400

(being interest expense is recorded)

c. Account receivable Dr $3,000

To Service revenue $3,000

(being revenue is recorded)

These 3 entries should be recorded

5 0

3 years ago

Lena Company has provided the following data (gnore income taxes); 2016 revenues were $77,000. 2016 expenses were $48,600. Divid

Ilya [14]

Answer:

Option (b) is correct.

Explanation:

(a) Net Income:

= Revenues - Expenses

= $77,000 - $48,600

= $ 28,400

(b) Retained earnings :

= Net Income - Dividend

= $ 28,400 - $7,700

= $20,700

(c) Stockholders' Equity:

= Total assets - Total Liabilities

= 185,000 - $105,000

= $80,000

Therefore, the retained earnings at December 31, 2016 were $20,700.

5 0

3 years ago

A rock group assigns its payment under a performance contract to the Costume Shop, a business that has supplied the group with o

blondinia [14]

Answer:

Rock Group and Costume Shop

Under this arrangement the rock group is the

d. assignor.

Explanation:

The rock group, as the assignor, is the entity that transfers its property rights or its powers to payment to Costume Shop. The Costume Shop is the assignee because it is the entity to which property rights or powers to payment of the rock group are transferred. Under the performance contract, the rock group can also be described as the delegator while the Costume Shop is the delegatee. However, under payment terms, the rock is the assignor while the Costume Shop is the assignee.

5 0

3 years ago