Gillstrap Promotions has projected the following values for the next three months:

Tell, Inc., leased a building from Lott Corp. Tell paid monthly rent of $500 and was also responsible for paying the building’s

Ugo [173]

Answer:

Tell and Vorn

Explanation:

Based on the information given Lott will most likely prevail against TELL and VORN reason been that we were told that both TELL and VORN entered into an agreement on January 1 which means that both of them will be responsible for the DELINQUENT TAXES which has not been paid because Vorn occupy the building that was leased out to Tell from Lott Corp in exchange for the amount of $600 which will be monthly paid by Vorn to Tell, which means that in a situation were the taxes is said to be DELINQUENT TAXES in which neither of them paid the building's real estate taxes, Lott will most likely prevail against both TELL and VORN.

4 0

3 years ago

Shelby Corporation was organized in January to operate an air-conditioning sales and service business The charter issued by the

Vedmedyk [2.9K]

Answer: Please refer to Explanation

Explanation:

This is how the stockholders' equity section of the balance sheet at December 31 should look like,

STOCKHOLDERS'S EQUITY

Contributed Capital

Common Stock (29000 shares x $ 1 par) $29,000

Preferred Stock (19500 shares x $ 10 par) $195,000

Paid in Capital in excess of Common Stock at par ($841000 - $29000) $812,000

Paid in Capital in excess of Preferred Stock at par (19500 shares x ($39 - $10)) $565,500

Total Contributed Capital (sum of all of the above) $1,601,500

Retained Earnings ( $59,000 - $10,000) $49,000

Total Stockholder's Equity (Retained Earnings to contributed cap) $1,650,500

If you need any clarification do comment.

8 0

3 years ago

At September 1, 2012, Baxter Inc. reported Retained Earnings of $272,000. During the month, Baxter generated revenues of $40,000

LiRa [457]

Answer:

$284,000

Explanation:

Movements in the retained earnings account are as a result of the payment of dividend and the addition of the income or loss for the year.

Given that

Baxter generated revenues = $40,000

incurred expenses = $24,000

purchased equipment = $10,000 and

paid dividends = $4,000

Net income/(loss) = $40,000 - $24,000

= $16,000

Retained Earnings at September 30, 2012

= $272,000 + $16,000 - $4,000

= $284,000

6 0

3 years ago

Imagine a company that sells hammers charges customers $10 for each hammer. To make the hammer the company spends $7 on input co

Luda [366]

Answer: Production Method

Explanation: Gross domestic product, also known as GDP, calculates the total value of products and sevices that are produced in an economy. This in turn measures the total income of a country.

The method that applies in this scenario is the production method. This method focuses on goods, by looking at its final value after deducting the input costs, also known as intermediate goods. Input costs (or intermediate goods) are the cost of materials that were used to make the final product, i.e. the production costs. Once the input costs are deducted from the total value of the goods , what remains becomes the actual income of the goods, the final cost, which is then added to GDP.

7 0

3 years ago

The marketing department wants to buy two new computers. One computer will be used for their graphic artist to create graphics a

BartSMP [9]

Answer:

Explanation:

While buying a computer , the potential purpose and usage of the computer should as well as the component of the computer to buy should be considered in order to make a right selection .

As graphics designing software is processor intensive , a processor with a very high speed of at least 1 Ghz and an adequate RAM to aid faster process at once , minimum of 8Gb is required.

However , considering the function of a secretary which is to track billing and hours , a computer with a slower process will definitely perform the task

8 0

3 years ago