The most direct way for Jonathan to gain on the job expernice while attending school for

Cascade Company was started on January 1, 2016, when it acquired $60,000 cash from the owners. During 2016, the company earned c

Ivahew [28]

Answer:

the income statement is the same for all types of businesses:

Revenues $35,000

Expenses ($18,100)

Net income $16,900

a. Cascade is a sole proprietorship owned by Carl Cascade.

statement of equity

Carl Cascade, capital beginning balance $0

paid in capital, Carl Cascade $60,000

net income $16,900

subtotal $76,900

Carl Cascade, drawings (4,000)

Carl Cascade, capital ending balance $72,900

balance sheet

Assets

Cash $72,900

Equity

Carl Cascade, capital $72,900

statement of cash flows

Cash flow from operating activities $16,900

Cash flow from financing activities:

Paid in capital $60,000

Drawings ($4,000)

net cash from financing activities $56,000

net cash increase $72,900

beginning cash balance $0

ending cash balance $72,900

b. Cascade is a partnership with two partners, Carl Cascade and Beth Cascade.

statement of equity

Carl Cascade, capital beginning balance $0

Beth Cascade, capital beginning balance $0

paid in capital, Carl Cascade $24,000

paid in capital, Beth Cascade $36,000

net income $16,900

subtotal $76,900

Carl Cascade, drawings (1,600)

Beth Cascade, drawings (2,400)

Carl Cascade, capital ending balance $29,160

Beth Cascade, capital ending balance $43,740

balance sheet

Assets

Cash $72,900

Equity

Carl Cascade $29,160

Beth Cascade $43,740

total equity $72,900

statement of cash flows

Cash flow from operating activities $16,900

Cash flow from financing activities:

Paid in capital $60,000

Drawings ($4,000)

net cash from financing activities $56,000

net cash increase $72,900

beginning cash balance $0

ending cash balance $72,900

c. Cascade is a corporation.

statement of equity

Common stock beginning balance $0

Common stock issued (5,000 stocks) $25,000

Additional paid in capital $35,000

net income $16,900

subtotal $76,900

Dividends (4,000)

Common stock ending balance $25,000

Additional paid in capital ending balance $35,000

Retained earnings $12,900

balance sheet

Assets

Cash $72,900

Equity

Common stock $25,000

Additional paid in capital $35,000

Retained earnings $12,900

total equity $72,900

statement of cash flows

Cash flow from operating activities $16,900

Cash flow from financing activities:

Common stocks issued $25,000

Additional paid in capital $35,000

Dividends ($4,000)

net cash from financing activities $56,000

net cash increase $72,900

beginning cash balance $0

ending cash balance $72,900

5 0

3 years ago

When history of management is traced back ? A 5000Bc B 2900 Bc C 5100Bc D 6100Bc

solniwko [45]

When history of management is traced back ?

A 5000Bc

B 2900 Bc ✔

C 5100Bc

D 6100Bc

7 0

3 years ago

Composition of my father in French

Zina [86]

Answer:

COMPOSITION OF MY FATHER (In french language)

Il s’appelle …… Il travail dans un bureau. Il a …… ans. Il est grand/petit.

Il est gentil. Il aime les ……….

(His name is ……… He works in an office. He is …years old. He is tall/short. He is kind. He loves.……)

OR YOU CAN CHOOSE TO WRITE THIS!

Mon père est néphrologue. Il est attentioné et est comme un ami pour moi. On parle de tout. Il m’aide avec mes études aussi. Je peux plaisanter sur n’importe quoi avec lui et il ne m’en voudrai pas et ça va avec moi.

Mon rêve est d’etre un très bien médecin et un très bien etre humain et lui faire sentir fier.

7 0

3 years ago

The times interest-earned ratios of Orlando, Inc. are 20.56 and 7.35 for 2018 and 2019, respectively. Which of the following can

DochEvi [55]

Answer:

The correct answer is A. Orlando, Inc. incurred more debt specifically in its revolving line of credit.

Explanation:

The formula for the times interest-earned (TIE) ratio is:

TIE = Earnings Before Interest and Tax / Total Interest Payable

This ratio would decrease when the company's earnings decrease or when its interest payable increases, or when both occur simultaneously.

Considering option A, if Orlando Inc. incurs more debt in its revolving line of credit, it means it has to pay more interest. Therefore, when the company's Earnings Before Interest and Tax remain constant while its Total Interest Payable rises, its TIE ratio would fall.

This is exactly what happens as Orlando Inc.'s TIE ratio falls from 20.56 in 2018 to 7.35 in 2019. Hence, option A is correct. Options B to D would either cause the TIE ratio to rise or remain unaffected.

4 0

3 years ago

When Keisha started her new job, she went through ______ to help her transition and fit smoothly into the job and organization.

VARVARA [1.3K]

Answer: Orientation

Explanation:

Orientation is the process through which information and guidelines of organization or form is provided to newly hired employees.They are introduced to culture of organization, dress-code, work-place, payment, incentives,benefits, colleagues and other employees, duties etc.

According to the question,Keisha is going through orientation process so that she can get associated with her job and work space accordingly as a new employee.

4 0

3 years ago