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3 years ago

Hart, Attorney at Law, experienced the following transactions in Year 1, the first year of operations:

Business

1 answer:

Drupady [299]3 years ago

6 0

Answer:

1. Cash will increase by $18,700 for the services to be rendered over the 12 months.

2. Cash will reduce by $64,000 for the legal service acquired.

3. No effect on cash as the transaction is on accounts.

4. Cash will decrease by $1,250 for the supplies purchased.

5. Cash will decrease by $6,000 for the dividends paid.

6. Cash will decrease by $20,000 due to operating expenses

7. no effect on cash

8. no effect on cash.

Explanation:

The business transactions recorded by Hart, Attorney at Law, These transactions have impact on the cash. The inflow and outflow of cash is recorded in the cash flow statement. Transaction no. 3, 7 and 8 will have no effects on cash balance of the company.

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The Incident Action Plan is prepared by General Staff from which section? A. Planning B. Operations C. Logistics D. Finance/Admi

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Answer:

The correct answer is A

Explanation:

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It is required to completed or finished in the timer period or time frame, which allows the least amount of the action that is negative to continue.

So, this plan is made or prepared through the General Staff of the Planning section.

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3 years ago

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Performance of which activities are most likely to improve in front of an audience?

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3 years ago

How many Colgate options were outstanding as of December 31, 2013? Please provide your answer in thousands, without comma separa

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Answer:

68000

Explanation:

Colgate has options outstanding amount to 68000 in 2013. The weighted average exercise price of sock option outstanding is $47.15. Out of 68000 the 54800 option are available for issuance and rest 13000 are restricted stock which are ready for issuance under Incentive Compensation Plan.

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4 years ago

Hey I really need help with this one<br> May be a good guess

mojhsa [17]

Answer:

Explanation:

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3 years ago

The cost of an asset is 1,100.000 ands its residual value is 140,000 estimated useful life of the asset is eight years. Calculat

Dahasolnce [82]

Answer:

Year2= $180,000

Explanation:

Giving the following information:

The cost of an asset is 1,100,000 and its residual value is 140,000 estimated useful life of the asset is eight years.

To calculate the depreciation expense for each year, we need to use the following formula:

Annual depreciation= 2*[(book value)/estimated life (years)]

Year1= [(1,100,000 - 140,000)/8]*2= 240,000

Year2= [(960,000 - 240,000)/8]*2= $180,000

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4 years ago