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3 years ago

On August 4, Armstrong Trucking, Inc., paid $4,500 to replace the engine in one of its trucks.

Business

1 answer:

taurus [48]3 years ago

3 0

Answer and Explanation:

The journal entry is shown below:

Truck A/c Dr $4,500

To Cash A/c $4,500

(Being the truck is replaced for cash)

Here the truck is debited as it increased the assets and credited the cash as it decreased the assets

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A person paid by the companyto carry out a specific task or job, but not under the direct supervision or control of the company

OLga [1]

Independent contractor is a person who is paid by a company to carry out a specific task or job, but not under the direct supervision or control of the company.

Given an incomplete sentence.

We are required to fill the appropriate term to complete sentence.

The person who is paid by the company to carry out a specific task or job but not under the direct supervision or control of the company is called an independent contractor.

Generally a company pays to its employees only but they have to work under the supervision of the company. So there is not any person who belongs to inside the company. So the person who is paid by the company to carry the work but not in its supervsion is of outside the company who is an independent supervisor.

Generally government also appoints contractors in construction work also.

Hence independent contractor is a person who is paid by a company to carry out a specific task or job, but not under the direct supervision or control of the company.

Learn more about independent contractors at brainly.com/question/7429981

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2 years ago

Quay Co. had the following transactions during the current period.Mar. 2 Issued 5,000 shares of $7 par value common stock to att

LenaWriter [7]

Answer:

Following are the journal entries to this question:

Explanation:

Date account title Dr. Cr.

Mar.2 Incorporation expense $\$39,600$

Common Stock (Par value $=5000 \ Shares \times 7$ ) $\$35,000$

Paid in excess of par- Common Stock $(39600-35000)$ $\$4,600$

(Bein 5000 common shares Of par value $\$4$ each issued )

June. 12 Cash $\$519,100$

Common Stock (Par value $-63400\ Shares \times 7$ ) $\$443,800$

Paid in excess of par- common stock $(519100-443800)$ $\$75,300$ (Being 63400 common shares of par value $\$7$ each issued for $\$519100$ cash)

July-11 cash $2175\ shares\times \$130$ $\$282,750$

Preferred Stock (Par value $=2175\ Shares \times \$110$ ) $\$239,250$

Paid in excess of par- Preferred stock $(282750- 239250)$ (Being 2175 Prefered shares of par value $\$110$ each issued for $\$130$ each)

Nov. 28 Treasury Stock $\$83,500$

cash $\$83,500$

(Purchased 2,350 shares of treasury stock for $\$83,500$ ).

3 0

3 years ago

Direct materials inventories are kept in pounds for Cat Company, and the total pounds needed for production in the current perio

marta [7]

Answer:

The correct answer is:

14,500 pounds

Explanation:

First of all, let us lay out the information clearly:

requirement for production = 14,000 pounds

beginning inventory = 2,000 pounds

ending inventory = 2,500 pounds

Next, let us calculate the total inventory required by the business during the period, as shown below:

Total inventory required = inventory required for production + ending inventory = 14,000 + 2,500 = 16,500 pounds.

Finally, putting the beginning inventory into consideration, it means that out of the total 16,500 pounds required, Cat Company has 2,000 already, hence will reduce purchase by 2,000 pounds. Therefore, total purchase is calculated as:

Total purchase = Total inventory required - beginning inventory

= 16,500 - 2,000 = 14,500

8 0

3 years ago

Company XYZ forecasts expanding markets, see many opportunities for growth, and adopts a growth strategy. It has invested heavil

jok3333 [9.3K]

Answer:

Explanation:

The adaption model was developed by Miles and Snow (1978)

Businesses are classified as :

Reactors
Defenders
Analysers
prospectors

Company XYZ can be classified as a defender. this is because they have taken steps to increase control internally. It also has a lot of rules which might stifle adaption

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3 years ago

A double coincidence of wants

Lyrx [107]

Answer:

All of the above are correct.

Explanation:

A double coincidence of wants is a situation in which two parties possess items that the other wants, so they can exchange items directly without using money.

It is required in a barter economy or an economy that does not use money or a fixed medium of exchange. Such an economy exchange is good for goods.

Double coincidence of wants has a number of limitations. It reduces the scope for the specialization of goods. It creates problems inefficient allocation of resources. It also more time consuming to find someone who possesses what you need and wants what you have.

6 0

3 years ago