1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Rashid [163]
2 years ago
12

On January 1, 2022, Swifty Corporation had Accounts Receivable of $ 51,900 and Allowance for Doubtful Accounts of $ 3,400. Swift

y Corporation prepares financial statements annually. During the year, the following selected transactions occurred.
Jan. 5 Sold $ 4,200 of merchandise to Rian Company, terms n/30.
Feb. 2 Accepted a $ 4,200, 4-month, 9% promissory note from Rian Company for balance due.
12 Sold $ 12,600 of merchandise to Cato Company and accepted Cato’s $ 12,600, 2-month, 10% note.
26 Sold $ 5,500 of merchandise to Malcolm Co., terms n/10.
Apr. 5 Accepted a $ 5,500, 3-month, 8% note from Malcolm Co.
12 Collected Cato Company note in full.
June 2 Collected Rian Company note in full.
15 Sold $ 2,200 of merchandise to Gerri Inc. and accepted a $ 2,200, 6-month, 12% note.
Journalize the transactions.
Business
1 answer:
tatyana61 [14]2 years ago
6 0

Answer: nothing

Explanation:

You might be interested in
Using the information presented above, determine the following: Determine EPS for Net Income ('x2) $_____________________ (Round
taurus [48]

Question Completion:

Income Before Taxes (from ongoing operations) $2,470,000

Income Tax Rate (’x2) 30%

5% Preferred Stock ($100 Par, 10,000 shares issued)

Common Stock ($1 par, 600,000 shares issued, 500,000 outstanding)

Answer:

The company's EPS is:

= 3.46

Explanation:

a) Data and Calculations:

Income Before Taxes (from ongoing operations) (’x2)= $2,470,000

Income Tax Rate (’x2) = (30% * $2,470,000) = $741,000

Net Income after taxes = $1,729,000

5% Preferred Stock ($100 Par, 10,000 shares issued) = $1,000,000

Common Stock ($1 par, 600,000 shares issued, 500,000 outstanding)

Outstanding common stock = $500,000

EPS (Earnings per share) = Net income after taxes/No. of outstanding shares

= $1,729,000/500,000

= $3.458

b) The earnings per share (EPS) equals Company A's net profit after taxes divided by the number of its outstanding common stock shares. Using the EPS, it indicates how much money Company A makes for each share of its stock.  As a widely used metric, a potential stockholder of Company A can use it to estimate Company A's value when combined with the price per share.

6 0
3 years ago
Why is 'task complexity' an issue in the process of goal setting?
likoan [24]

The more complex the task the more difficult it is to reach goals. People are more likely to achieve goals when tasks are easier. Simplifying tasks can help goal setting.

4 0
3 years ago
John invested $12,000 in the stock of Hyper Cyber. Eight years later, Hyper Cyber's shares reached $125,000, but John held onto
Nata [24]

Answer:

B. $12,000 is a sunk cost

Explanation:

By considering the given information, the cost that is correct is a sunk cost for $12,000

The sunk cost is the cost already incurred and will not be retrieved in the future. Plus, it's also termed a past cost.  

It is a useless cost and it can be avoided also.  

It is that cost that is not considered at the time of decisions making.

So, option B is correct

5 0
3 years ago
Read 2 more answers
If someone produced too little of a good, this would suggest that rational choice cannot be applied to many economic decisions.
juin [17]
If someone produced too little of a good, this would suggest that the good was produced to the point where its marginal benefit exceeded its marginal cost.
Both are metrics used in economics for measurement of costs and benefits.
Marginal benefit is the gain the business receives for doing anything "one more time.", while marginal cost is the additional cost the business incurs to produce one more unit.
This means that if someone produced too little of a good, the business gained more than it lost.
8 0
3 years ago
GE employs different sales forces within different product and service divisions of its major businesses. For example, within GE
jeka94

Answer:

Product sales force structure

Explanation:

Product sales force structure: This is a process by which an organization producing different product have sales forces for every products produced such that each salesperson specializes in the selling of a particular product.

GE adopted product sales force structure. They have salespersons for the different products produced in the company such as aviation, energy, transportation, water processing product and technologies.

Product sales force structure promotes specialization of skills in an organization. The salesperson in charge of selling a particular product will have to familiarize with the details of the product so as to give appropriate and accurate information to the consumers regarding the product. The continuity of the act leads to specialization in the sales of that product.

Product sales force structure tend to increase the profits of an organization because salespersons are now professionals in marketing the products.

7 0
3 years ago
Other questions:
  • (a) What is the present value of $34,900 due 9 periods from now, discounted at 9%? (Round answer to 2 decimal places, e.g. 25.25
    8·1 answer
  • Companies with strong safety cultures usually have lower
    15·1 answer
  • A major factor contributing to the slow growth rate of less developed economies is
    6·1 answer
  • In the film Islam and America: Through the eyes of Imran Khan, which of the following best describes how average Pakistanis resp
    11·1 answer
  • How much time, on average, would a server need to spend on a customer to achieve a service rate of 20 customers per hour?
    8·1 answer
  • Public employment agencies are perceived by prospective applicants as having few high-skilled jobs; therefore, employers tend to
    11·1 answer
  • A club sold 80 boxes of candy, some at $1.75 and some at $3.25. total revenue was $160. an appropriate equation to determine the
    6·1 answer
  • You purchase an annuity due for $1,200. The annuity has 11 annual payments of 100 and a larger payment at the beginning of year
    7·1 answer
  • The following information relates to Ivanhoe Co. for the year ended December 31, 2020: net income $1,180 million; unrealized hol
    10·1 answer
  • Sherry owns a car business. She just received a shipment of Volkswagen SUVs. She paid $60,000 for each vehicle and wants to make
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!