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2 years ago

Martinez Corp. has the following transactions during August of the current year.

Business

1 answer:

Vinvika [58]2 years ago

6 0

Answer:

Aug 1

Cash $10930 Dr

Common Stock $10930 Cr

Aug 4

Prepaid Insurance $1760 Dr

Cash $1760 Cr

Aug 16

Cash $810 Dr

Service Revenue $810 Cr

Aug 27

Salary Expense $570 Dr

Cash $570 Cr

Explanation:

Aug 1

The receipt of cash in exchange of common stock is recorded as a debit to cash which is an asset and a credit to common stock which is capital

Aug 4

Prepayment of any expense is recorded as a current asset. Thus, prepaid insurance is debited as asset increases and cash is credited as cash decreases.

Aug 16

The receipt of cash in exchange of service provision is recorded as a credit to service revenue and a debit to cash

Aug 27

Payment of salary is an expense and is recorded as a debit to salary expense and a credit to cash.

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A corporation reports the following year-end balance sheet data. The company's debt-to-equity ratio equals:Cash $ 41,000 Current

Rudiy27

Answer:

0.54

Explanation:

Debt-to-equity ratio = Total Debt ÷ Total Equity

= $107,000 ÷ $197,000

= 0.54

The company's debt-to-equity ratio equals 0.54

4 0

2 years ago

Two principles of fraud insurance

Arturiano [62]

hi buddy

here is your answer

Insurance fraud involves any misuse of insurance policies or applications in order to illegally gain or benefit.
Insurance fraud is usually an attempt to exploit an insurance contract for financial gain. The majority of insurance fraud cases involve exaggerated or false claims.

hope it helps

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2 years ago

You are the newly appointed sales manager of the Rock Record Company and have been charged with the task of increasing revenues.

djyliett [7]

Answer:

increase the price of our products or services.

Explanation:

When the price elasticity is less than 1 (inelastic), then an increase in the price of our products or services will result in a proportionally smaller decrease in the quantity demanded. Therefore, by increasing our prices, we can increase total revenue even if the quantity demanded decreases a little.

7 0

2 years ago

M. Cotteleer Electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and

8090 [49]

Answer:

a) 100 units

b) 2.5 order per year

c) 50 units

Explanation:

Given data:

demand 250 units

order cost is $20

holding cost $1

a) Economic order quantity $EOQ = \sqrt{\frac{2\times demand \times order\ cost}{holding \ cost}}$

$EOQ = \sqrt{\fac{2\times 250 \times 20}{1}} =100 units$

b) number of order for each year $= \frac{annual/ demand}{EOQ}$

$= \frac{250}{100} = 2.5$ order/ year

c) average inventory $= \frac{Q}{2} = \frac{100}{2} = 50 units$

3 0

3 years ago

When the rate of inflation is equal to the interest rate on beth's deposit, the purchasing power of her depositrises over the co

Readme [11.4K]

Her purchasing power over the year remains the same.

Since the prices (inflation) rise with the same pace as the value of the money (interest rate), Beth can keep buying the same amount of products. Her purchasing power remains equal.

4 0

3 years ago