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3 years ago

Owner's equity may be affected by all of the following except:

Business

1 answer:

laiz [17]3 years ago

3 0

Answer: a. the purchase of a personal automobile by the owner using personal funds.

Explanation:

If the owner of a business purchases a car with their own funds, this does not impart equity or indeed any other portion of the business as this is a personal transaction that does not involve the business.

Purchasing a car for the owner's son with cash generated for the business will affect Equity by reducing it. Investment by owners will increase equity and a sale of goods will increase revenue which will affect equity via the net income.

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Chester has negotiated a new labor contract for the next round that will affect the cost for their product Cozy. Labor costs wil

liubo4ka [24]

Answer:

See below

Explanation:

The above is an incomplete question. The concluding parts are assuming the following;

Selling price per unit = $54

Current total variable cost = $24.50

Total fixed cost = $69,000

New variable cost will increase by ($2.26 - $1.76)/2 = $0.25

New variable cost will be = ($24.50 + $0.25) = $24.75

Contribution margin = ($54 - $24.75) = $29.25

New fixed cost = ($0.25 × 2,339) + $69,000 = $69,585

Note:

Old break even units = $69,000/$29.5 = 2,335 units

Therefore,

New break even units

= Fixed cost/Contribution margin per unit

= $69,585/$29.5

= 2,397 units

Cozy would have to sell 2,397 units as opposed to 2,335 units in order to break even.

5 0

3 years ago

On June 30, Collins Management Company purchased land for $460,000 and a building for $520,000, paying $360,000 cash and issuing

sammy [17]

Answer:

See Explanation

Explanation:

(a)

Journal entry to record the transaction is,

Particulars Debit Credit

Land and Building (460000 + 520000) $980,000

Cash Paid $360,000

Mortgage Payable (980,000 - 360,000) $620,000

We assume that 4% interest is chargeable each semiannual payment and that each subsequent payment is charged 4% on the remaining amount of principal minus any preceding principal payments.

(b)

First installment = Principal + Interest payable

= 31,000 + (620,000 * 0.04) = $55,800

(c)

Second payment = 31,000 + [(620,000 - 31000) * 0.04] = $54,560

Since the chart of accounts is not provided you can confirm the the account headings.

Hope that helps.

5 0

3 years ago

Web resumes are posted to the internet in html format T or F

choli [55]

True Because <span>Scannable Paper: A specially formatted hard copy resume used by employers to scan into a computer database. The database can then be searched for keywords to help identify applicants with qualifications for job openings.<span>Electronic: </span>An ASCII text-only resume created with a text editor such as Notepad. This is a resume stripped of formatting to ensure the file will transmit correctly from any e-mail, Internet, or electronic interface to an employer's resume-tracking software.Web: A resume in HTML format published to a web server for viewing over the Internet with a web browser program. This format adds flexibility in that it supports incorporation of more sophisticated elements such as animated graphics as well as sound and video clips.</span>

The use of web resumes is most common in the high-tech industry

4 0

3 years ago

Read 2 more answers

Because of an accident Royce was involved in, his insurance company has increased his annual premium for auto insurance by 5. 2%

PSYCHO15rus [73]

Premium is often paid by people based on some kinds of services offered.

From the picture attached, we can see Royce' premiums for the previous year, which were;

Bodily injury $22.50
Property damage $144.75
Collision $275.75
Comprehensive $100

If you add all together, the total premium of the policy was $543

Note that the premiums will increase by 5.2%,

therefore, the new total premium will be = $543 x 1.052 = $571.24

Learn more from

brainly.com/question/13880376

7 0

2 years ago

Some estimates have been presented to Charlene, the Director of Operations (DO) at Holly Farms, which is considering alternative

Marina CMI [18]

Answer:

Answer is explained in the explanation section below.

Explanation:

Solution:

First, we need to sort out the data given properly, so that we can answer to the best.

Data Given:

For Chamber D103:

Installed Cost = -400,000 USD

Annual Operating Cost Per Year = -4000 USD

Salvage Value 10% of P = 40,000 USD

Life = 3 years

Similarly,

For Chamber 490G:

For Chamber D103:

Installed Cost = -250,000 USD

Annual Operating Cost Per Year = -3000 USD

Salvage Value 10% of P = 25,000 USD

Life = 2 years

For Chamber D103

AW Chamber D103 = -400,000 x (A/P, 10%, 3) + 40000 x (A/F,10%, 3) - 4000

So,

(A/P, 10%, 3) = 0.40211 (from the compound interest table )

(A/F,10%, 3) = 0.30211

AW Chamber D103 = -400,000 x 0.40211 + 40000 x 0.30211 - 4000

AW Chamber D103 = -152,760 USD

For Chamber 490G:

AW Chamber 490G = -250,000 x (A/P,10%,2) + 25000 x (A/F,10%, 2) - 3000

So,

(A/P,10%,2) = 0.5762

(A/F,10%, 2) = 0.4762

AW Chamber 490G = -250,000 x 0.5762 + 25000 x 0.4762 - 3000

AW Chamber 490G = -135,143 USD

So, after evaluating both the chambers using the AW method, more economical is the chamber 490G.

Now, we need to change the values to check whether the chamber selection can be changed or not:

so, New values for Chamber D103

P = -300,000 and Salvage value of 30,000

For Chamber D103

AW Chamber D103 = -300,000 x (A/P, 10%, 3) + 30000 x (A/F,10%, 3) - 4000

So,

(A/P, 10%, 3) = 0.40211 (from the compound interest table )

(A/F,10%, 3) = 0.30211

AW Chamber D103 = -300,000 x 0.40211 + 30,000 x 0.30211 - 4000

AW Chamber D103 = -115,570 USD

New Values for Chamber D103

P = -500,000 and the Salvage Value = 50,000

AW Chamber D103 = -300,000 x (A/P, 10%, 3) + 30000 x (A/F,10%, 3) - 4000

So,

(A/P, 10%, 3) = 0.40211 (from the compound interest table )

(A/F,10%, 3) = 0.30211

AW Chamber D103 = -500,000 x 0.40211 + 50,000 x 0.30211 - 4000

AW Chamber D103 = -189,950 USD

Hence,

At P = 300,000 will definitely change the selection to D103 Chamber.

8 0

3 years ago