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3 years ago

Documents with a lot of text and not much white space:_______

Business

1 answer:

Maru [420]3 years ago

4 0

Answer:

make business texts look cluttered

Explanation:

Documents with a lot of text and not much white space makes business text look cluttered due to a lot of content which makes the text seem disorganized. Another disadvantage of cluttered text is that they are difficult to comprehend by an untrained eye.

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chegg at the beginning of the period, a company reported $100,000 of common stock, $10 par; and $50,000 paid-in capital in exces

Vinil7 [7]

Cash received from the sale of common stock during the year is $50,000

Cash received from the Sale of Common stock during the year is

= (End of period common stock - Beginning of the period common stock) + (End of period paid-in capital in excess of par - Beginning of the period paid-in capital in excess of par)

= (110,000 - 100,000) + (90,000 - 50,000)

= 10,000 + 40,000

= 50,000 $

What is Cash receipt?

A cash receipt is a printed acknowledgement of the amount of cash received during a transaction involving the transfer of cash or cash equivalent.
The vendor gives the consumer the original copy of the cash receipt, keeping the other copy for accounting needs.
An accounting item called a cash receipt certifies the acquisition of cash from a customer. On the balance sheet of the corporation, cash receipts normally raise (debit) the cash balance.
Simultaneously, they decrease (credits) either accounts receivable or another asset account.
No matter the industry, all businesses need cash receipts<em>.</em> A business can better track its revenue and costs by precisely recording cash deposits.

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4 0

1 year ago

During the Pillsbury Bake-Off, thousands of people across the country compete to create the best new recipe using the sponsor's

faltersainse [42]

Answer:

contest

Explanation:

Based on the information provided within the qeustion it can be said that this promotion is an example of a very successful contest. A contest is an event in which a large amount of people compete in a certain task in order to prove that they are the best at that task. These events usually have a grand prize for the winner. Which in this scenario this contest's top 100 finalists are flown to Florida to compete in another contest in order to win $1 million dollars.

6 0

3 years ago

Calculate the effect on net income (before taxes) and total assets in 2021 for each method. Suzuki estimates 10% of receivables

aalyn [17]

1. Suzuki estimates 12% of receivables: Net income (before taxes) in 2021 decreases by $5,500 and total assets in 2021 decreases by $5,500

2. Suzuki estimates 3% of credit sales: Net income (before taxes) in 2021 decreases by $7,800 and total assets in 2021 decreases by $7,800

Calculation :

1. Suzuki estimates 12% of receivables

Bad debts are estimated: 12% x $55,000 = $6,600

Before adjusting, Allowance for Uncollectible Accounts balance of $1,100 (credit).

Bad debts expense = $6,600 - $1,100 = $5,500

The entry will be made: Debit Bad debts expense $5,500

Credit Allowance for Uncollectible Accounts $5,500

Net income (before taxes) in 2021 decreases by $5,500 and total assets in 2021 decreases by $5,500

2. Suzuki estimates 3% of credit sales

Bad debts are estimated: 3% x $260,000 = $7,800

The company uses the percentage of sales method.

Bad debts expense = $7,800

The entry will be made: Debit Bad debts expense $7,800

Credit Allowance for Uncollectable Accounts $7,800

Net income (before taxes) in 2021 decreases by $7,800 and total assets in 2021 decreases by $7,800

Total assets :

The meaning of total assets is all the assets, or items of value, a small business owns. Included in total assets is cash, accounts receivable (money owing to you), inventory, equipment, tools etc.

How do you calculate total assets?

Determine total assets by combining your liabilities with your equity. Because liabilities represent a negative value, the simplest method for finding total assets with this formula is to subtract the value of liabilities from the value of equity or assets. The resulting figure equals your total assets.

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5 0

1 year ago

On January 1, 2021, Legion Company sold $290,000 of 6% ten-year bonds. Interest is payable semiannually on June 30 and December

stira [4]

Answer:

the bond interest expense for the six months ended June 30, 2021, in the amount of $10,8864

Explanation:

The computation of the interest expense is shown below

= Carrying Value of Bond × Effective interest rate

= $217,719 × 10% yield interest × 6 months ÷ 12 months

= $10,886

Hence, the bond interest expense for the six months ended June 30, 2021, in the amount of $10,8864

Therefore the second option is correct

6 0

3 years ago

If Company XYZ sells $1,000,000 in assets to pay down $1,000,000 in debt, what impact would this have on the company’s debt to t

ivann1987 [24]

Answer:

B) It would decrease

Explanation:

Suppose that Company XYZ assets before the sale of assets were $2,000,000 and is total debts were $1,500,000. The debt to asset ratio before the sale of assets were:

Debt/Asset ratio=$1,500,000/$2,000,000=0.75

Now the Company XYZ has decided to sell the the assets worth $1,000,000 to pay Debts so the assets now will become $1,000,0000 while the Debts now will become $500,000 and accordingly the debt to asset ratio will be calculated as follows:

Debt/Asset ratio=$500,000/1,000,000=0.50

So based on the above discussion, the answer shall be B) It would decrease

4 0

3 years ago