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3 years ago

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

Business

1 answer:

Vinvika [58]3 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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Indicate how each of the following transactions affects U.S. exports, imports, and net exports.

Oxana [17]

Answer:

export import net export

1. increases unchanged increases

2. unchanged increases decreases

3. unchanged increases decreases

4. unchanged increases decreases

5. increases unchanged increases

Explanation:

export would comprise of goods and services produced in the US that are been sold to foreign countries

Import would comprise of foreign produced goods and services that are been sold in the US

Net export would increase when export occurs and decrease when import occurs

Net export = exports – imports

When the French historian visits the US museum and the European family visits Disney, they are enjoying US services, thus export increases and net export increases

The purchase of books from Cambridge in UK, Panasonic camera and the visit to Japan constitutes import. These increases import and reduces net export

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3 years ago

In the heading of a cover letter, which of the following formats should be used for the date?

loris [4]

<span>It should be laid out like this example:(November 10, 2015)</span>

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3 years ago

Jennifer couldn't believe her bad luck. The business planning cycle at Allworld Insurance was almost over. The only thing her bo

VashaNatasha [74]

Answer:

Allworld Insurance

1. Mission Statement

2. Tactical

3. Strategic

4. Operational

Explanation:

(A) Tactical plans include specific actions to enable the achievement of company-wide strategies.

(B) Mission statement describes the goal of an entity. For example, a mission statement can describe an entity as renowned for its efficiency and cost reduction for its customers.

(D) Strategic plans embrace the whole organization and establishes how organizational goals will be achieved.

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3 years ago

Snoke Inc's current price is $100 and the price is expected to rise to $110 in one year. The dividends are paid annually and the

postnew [5]

Answer:

Expected stock Return = 16%

Explanation:

The return of a stock is calculated by subtracting ending stock price to ending stock price and add adding and income distributions made during the period and divide by the stock price at beginning

Current stock price = $100

Expected stock price = $110

Dividends = $6

So in Snoke Inc's the only income distributions are dividends

Return = Ending stock price - Current stock price + dividends/Current stock price

=110-100+6/100

=0.16/16%

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3 years ago

how should trash and recyclables be stored food in an area only accessible to employees in a well ventilated space in a manner t

strojnjashka [21]

Trash and recyclables should be stored in the following ways:

double bagged and stacked.

in a well ventilated space.

<h3>What is pollution?</h3>

Pollution can be defined as the physical degradation, destruction or contamination of the environment, especially through littering of waste products (garbage) or an emission of hazardous, poisonous, and toxic chemical compounds by various factories and industries.

<h3>What is recycling?</h3>

Recycling can be defined as a waste (trash) management technique that involves the process of converting a raw material that has reached the end of its life cycle into new and reusable items.

According to the Environmental Protection Agency (EPA), trash and recyclables should be properly stored through methods that are friendly and unharmful to the ecosystem.

In this context, we can reasonably infer and logically deduce that trash and recyclables should be stored in the following ways:

double bagged and stacked.

in a well ventilated space.

Read more on trash and recyclables here: brainly.com/question/24588352

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Complete Question:

How should trash and recyclables be stored?

inaccessible to pests

double bagged and stacked

in a well ventilated space

in an area only accessible to employees

8 0

2 years ago