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2 years ago

Brady Company entered into these transactions during May 2022, its first month of operations.

Business

1 answer:

Monica [59]2 years ago

4 0

The effect of each transaction on the accounting equation is to be shown in the attachment below.

The following information should be considered:

In the accounting equation, the total assets should be equivalent to the total liabilities & the shareholder equity.
It determined the financial position, performance of the company.
It is known as the presentation of the balance sheet.

In this way, the accounting equation should be prepared.

Learn more: brainly.com/question/14689492

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Quebec's cross-border linkages to the u.s. are most strongly developed with the state of:

Gnesinka [82]

<span>Maine, Quebec and New Brunswick all share about 611 miles of borderline territory. Between the three states, there are 24 border line crossings that can be used to go from Maine into either Canadian province. Some of these border lines are very heavily used traffic lanes that allow access to various other Canadian countries.</span>

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3 years ago

Suppose you just bought an annuity with 9 annual payments of $15,400 at the current interest rate of 11 percent per year. a. Wha

Dafna11 [192]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Suppose you just bought an annuity with 9 annual payments of $15,400 at the current interest rate of 11 percent per year.

First, we need to determine the final value with the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Then, we can calculate the present value with the following formula:

PV= FV/(1+i)^n

A)i=11%

FV= {15400*[(1.11^9)-1]}/0.11

FV= $218,125.17

PV= 218,125.17/(1.11^9)= $85,270.53

B) i= 6%

FV= {15400*[(1.06^9)-1]}/0.06

FV= $176,966.27

PV= 176,966.27/(1.06^9)= $104,746.06

C) i= 16%

FV= $269,785.02

PV= $70,940.77

3 0

2 years ago

You recently began a job as an accounting intern at Raymond Adventures.

Vlada [557]

Answer:

Beginning cash balance for March= $20,000

Cash collections for February =$90,600

Total cash available for March =$102,300

Cash payments (purchase inventory) for February =$50,800

Cash payments (operating expenses) for March =$37,900

Total cash payments for March =$79,400

Ending cash balance before

financing for February =$8,400

Cash excess (deficiency) for February and March =$- 11,600 $2,900

New borrowings for February and March

=$11,600 $0

Debt repayments for February and March

=$0 -$2,900

Interest payments for February and March

=$0 $0

Ending cash balance for February and March (1) + (2) =$20,000 $20,000

Explanation

Preparation of Raymond Adventures

Combined Cash Budget for February and March

Raymond Adventures Combined Cash Budget for February and March

Beginning cash balance 16,500 20,000

Plus: Cash collections 90,600 80,200

Plus: Cash from sale of plant assets 0 2,100

Total cash available 107,100 102,300

Less: Cash payments

(purchase inventory) 50,800 41,500

Less: Cash payments

(operating expenses) 47,900 37,900

Total cash payments 98,700 79,400

(1) Ending cash balance before

financing 8,400 22,900

Minimum cash balance desired 20,000 20,000

Cash excess (deficiency) -11,600 2,900

Financing:

Plus: New borrowings 11,600 0

Less: Debt repayments 0 -2,900

Less: Interest payments 0 0

(2) Total effects of financing 11,600 -2,900

Ending cash balance (1) + (2) 20,000 20,000

Beginning cash balance for March

Minimum cash balance desired March 20,000

Calculation for Cash collections for February

Total cash available 107,100-Beginning cash balance 16,500=90,600

Calculation for Total cash available for March

Beginning cash balance 20,000

Plus: Cash collections 80,200

Plus: Cash from sale of plant assets 2,100

=102,300

Calculation for Cash payments (purchase inventory) for February

Total cash payments 98,700 -Cash payments

(operating expenses) 47,900

=50,800

Calculation for Cash payments (operating expenses) for March

Total cash payments for March 79,400-Cash payments(purchase inventory) for March 41,500

=37,900

Calculation for Total cash payments for March

Total cash available for March 102,300-Ending cash balance before

financing for March 22,900

=79,400

Calculation for the Ending cash balance before

financing for February

Total cash available 107,100-Total cash payments 98,700

=8,400

Calculation for Cash excess (deficiency) for February and March

Ending cash balance before

financing 8,400 22,900

Less Minimum cash balance desired 20,000 20,000

=- 11,600 2,900

New borrowings for February and March

11,600 0

Debt repayments for February and March

0 -2,900

Interest payments for February and March

0 0

Calculation for Ending cash balance for February and March (1) + (2)

(1) Ending cash balance before

financing 8,400 22,900

Add (2) Total effects of financing 11,600 -2,900

=20,000 20,000

6 0

2 years ago

What are important information that is needed before you create a PowerPoint presentation

mr_godi [17]

How to copy and paste and be creative

5 0

3 years ago

In a long-run equilibrium,

Serga [27]

Answer: Option (d) is correct.

Explanation:

Correct option: Only a perfectly competitive firm operates at its efficient scale.

In the perfectly competitive market and in the long run, the firms who are making losses will exit the market and those firms who are able produce at a point where price is equal to the average total cost will exist in the market.

However, monopolistic firms operates at a below efficient level of production and with an excess capacity.

Competitive firms are generally enjoys the productive efficiency in the long run because these firms have the capability to produce at a lower average total cost.

8 0

2 years ago