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3 years ago

Which entry records the investment of cash by John, owner of a sole proprietorship?

1 answer:

mote1985 [20]3 years ago

4 0

The answer is: D - Debit Cash; credit John, Capital.

Explanation:

The entry records the investment of cash by John, owner of a sole proprietorship is: Debit Cash; credit John, Capital.

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Determine which one of these three portfolios dominates another. Name the dominated portfolio and the portfolio that dominates i

Evgen [1.6K]

Answer: Yellow dominates portfolios Blue and Purple.

Explanation:

Portfolio Yellow has a higher expected return than either portfolio Blue or Portfolio Purple which means that if we were evaluating the portfolios on return alone, Portfolio Yellow would dominate the other two.

However, we need to adjust for risk. The portfolio with the lowest standard deviation is the less riskier one of the three. That portfolio is Yellow which means that Yellow has both a higher expected return and a lower risk. It would therefore dominate the rest.

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3 years ago

Even if you are willing to take on more responsibility, you need to make sure that ______. a. you do not take on too much b. you

pentagon [3]

Tricky tricky. I'll go with 'A. you do not take too much' from experience.

4 0

4 years ago

Read 2 more answers

Assume that the following events occurred at a division of Generic Electric for March of the current year:

stiks02 [169]

Answer:

Transferred in Manufacturing Costs $ 32,000,000

Transferred out $ 20,800,000

Ending Balance $ 11,200,000

Explanation:

Generic Electric

Material Purchases $ 15,000,000

Transferred to Work in Process = 10,500,000

Direct Labor $ 8,000,000

Manufacturing Overhead $ 13,500,000

Total Manufacturing Costs $ 36,500,000

Transferred in Manufacturing Costs $ 32,000,000

Completed 65 % of $ 32,000,000=$ 20,800,000

Transferred out $ 20,800,000

Ending Balance = $ 32,000,000-$ 20,800,000= $ 11,200,000

5 0

3 years ago

1 Madison Harris, the owner, invested $6,500 cash and $33,500 of photography equipment in the company in exchange for common sto

Sindrei [870]

Answer:

Part A:

August 1:

Cash $6,500

Photography equipment $$33,500

Madison Harris Capital $40,000

August 2:

Prepaid Insurance $2,100

Cash $2,100

August 5:

Office Supplies $880

Cash $880

August 20:

Cash $3,331

Photography fees earned $3,331

August 31:

Utilities expense $675

Cash $675

Total $46,986 $46,986

Part B:

Amount Debit($) Credit($)

Cash 6,176

Office Supplies 880

Prepaid Insurance 2,100

Photography Equipment 33,500

M.Harris Capital 40,000

Photography Fee earned 3,331

Utilities Expense 675

Total 43,331 43,331

Explanation:

Journal Entries:

It helps the company or firm to put all its transactions ion one sheet as debit and credit to keep track of its financial transactions. At the end total debit is equal to total credit.

Below are journal entries of above Transactions:

Amount Debit Credit

August 1:

Cash $6,500

Photography equipment $$33,500

Madison Harris Capital $40,000

August 2:

Prepaid Insurance $2,100

Cash $2,100

August 5:

Office Supplies $880

Cash $880

August 20:

Cash $3,331

Photography fees earned $3,331

August 31:

Utilities expense $675

Cash $675

Total $46,986 $46,986

Part B:

From Above Entries we can find the cash at the end:

Ending Cash=Total Debit Cash- Total Credit Cash

Ending Cash=(6,500+3,331)-(2,100+880+675)

Ending Cash=$6176

Preparing Trial Balance:

Amount Debit($) Credit($)

Cash 6,176

Office Supplies 880

Prepaid Insurance 2,100

Photography Equipment 33,500

M.Harris Capital 40,000

Photography Fee earned 3,331

Utilities Expense 675

Total 43,331 43,331

3 0

3 years ago

If the U.S had been poor in natural resources, how would industrialization have been affected?

ludmilkaskok [199]

Without an abundance of natural resources, the US could never of have achieved industrialization at the pace or scope it did. United States of American will then have l<span>ess wealth, less industry, and slower growth. Thank you for posting. Hope it helps :)</span>

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3 years ago