There are 5 questions in the question part and for each question write 2 paragraphs.

Below are several transactions for Scarlet Knight Corporation. A junior accountant, recently employed by the company, proposes t

azamat

Answer:

Scarlet Knight Corporation

Correct postings:

Accounts Debit Credit

1. Cash 12,500

Common Stock 12,500

2. Cash 3,500

Service Revenue 3,500

3. Supplies 250

Cash 250

4. Rent Expense 550

Cash 550

5. Equipment 1,950

Cash 1,950

Explanation:

a) Data and Calculations:

Accounts Debit Credit

1. Common Stock 12,500

Cash 12,500

2. Cash 3,500

Service Revenue 3,000

3. Supplies 250

Cash 250

4. Rent Expense 550

Cash 550

5. Cash 1,950

Equipment 1,950

b) The accounting rule is to debit the value receiver and to credit the value giver. Generally, assets, expenses, and losses normally have debit balances while liabilities, equities, incomes, and gains have credit balances.

4 0

3 years ago

Walsh Company is considering three independent projects, each of which requires a $4 million investment. The estimated internal

Softa [21]

Answer:

36%

Explanation:

The computation of the dividend payout ratio is shown below:

The dividend payout ratio is

= (Dividend ÷ total net income) × 100

where,

Dividend = Net income - equity amount

The net income is $7,500,000

And, the equity amount is

= $8,000,000 × 60%

= $4,800,000

So, the dividend is

= $7,500,000 - $4,800,000

= $2,700,000

As we can see that the IRR is more than the cost of capital in case of project Project H and Project M so we take the equity amount of this two projects

Now the dividend payout ratio is

= ($2,700,000 ÷ $7,500,000) × 100

= 36%

5 0

3 years ago

A method of estimating land value in which the net operating income attributable to the land is isolated and capitalized to prod

igomit [66]

Answer: Land Residual Method

Explanation:

Land residual method of site evaluation is the method of estimating land value in which the net operating income attributable to the land is isolated and capitalized to produce an indication of the land's contribution to the total property.

This particular method uses income as being the basis for value and is used in appraising income producing properties.

4 0

3 years ago

On April 1, 2018, Elucian Corporation invested in the bonds issued by the City of Westminster on January 1, 2018. These 10-year

timofeeve [1]

Answer:

D $302, 250

Explanation:

The computation of the total amount paid is shown below;

Total amount paid = Face value + accrued interest

= $300,000 + $300,000 × 3% × 3 months ÷ 12 months

= $302,250

hence, the total amount paid is $302,250

Therefore the correct option is d.

We simply applied the above formula so that the correct value could come

And, the same is to be considered

3 0

3 years ago

__________ is a strategy based on the use of IT to reduce the costs associated with the product assembly process or the way serv

xeze [42]

Answer:

Flexible manufacturing

Explanation:

A flexible manufacturing system (FMS) refers to a manufacturing system that has a certain degree of flexibility to swiftly respond to unpredicted changes in the manufacturing orders and processes. FMS generally result in a increase in labor productivity and machine efficiency, as well as shorter lead times and increased production rate. If well executed, FMS should provide the same benefits as economies of scale but without the large scale production.

3 0

3 years ago