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2 years ago

PLEASE HELP !!!!!!!!

Business

1 answer:

OleMash [197]2 years ago

8 0

Answer:

Angel do not share in the profit of the business.

No need for collateral .

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aleksandr82 [10.1K]

Answer:Feet

Explanation:

with what?

3 0

3 years ago

Which pharmaceuticals company has decided to expand its vaccine business in the United Kingdom with an investment of £240 millio

Volgvan

Answer:

Which pharmaceuticals company has decided to expand its vaccine business in the United Kingdom with an investment of £240 million?

answer= B.) Serum Institute of India

4 0

1 year ago

Read 2 more answers

Financial literacy is the knowledge about

hammer [34]

Money. I'm doing the same subject right now. Feel free to message me if you have any questions.

3 0

2 years ago

The following December 31, 2021, fiscal year-end account balance information is available for the Stone Corporation:Cash and cas

blsea [12.9K]

Answer:

Total current assets = $112500

Short term investments = $2300

Retained earnings = $15500

Explanation:

The total current assets can be determined using the current ratio provided for 2021. The current ratio is calculated by dividing the value of total current assets by the value of the total current liabilities.

1.5 = Total current assets / (51000 + 23000 + 1000)

1.5 = Total current assets / 75000

1.5 * 75000 = Total current assets

Total current assets = $112500

Short term investments are a part of the current assets. The value of short term investments is,

112500 = 6200 + 32000 + 72000 + Short term investments

112500 = 110200 + Short term investments

112500 - 110200 = Short term investments

Short term investments = $2300

The basic accounting equation states that the total assets is always equal to the value of total liabilities plus total equity.

Total assets = Total Liabilities + Total Equity

(112500 + 180000) = [(51000 + 23000 + 1000) + 42000] + (160000 + Retained earnings)

292500 = 117000 + 160000 + Retained earnings

Retained earnings = 292500 - 277000

Retained earnings = $15500

6 0

3 years ago

Milani, Inc., acquired 10 percent of Seida Corporation on January 1, 2017, for $197,000 and appropriately accounted for the inve

lina2011 [118]

Answer:

Milani, Inc.

January 1, 2018:

Debit Investment in Seida $600,000

Credit Cash Account $600,000

To record the purchase of an additional 30% of Seida.

December 31, 2018:

Debit Investment in Seida $120,000

Credit Net Income $120,000

To record the share in the net income of Seida.

Debit Cash Account $44,000

Credit Cash Dividend Received $44,000

To record the company's share in the dividend paid by Seida.

Debit Cash Dividend Received $44,000

Credit Investment in Seida $44,000

To record the dividend received from Seida.

Explanation:

The cash dividend received from Seida will reduce Milani, Inc.'s investment value in Seida, just as the 40% share in the net income increased the investment value.

These journal entries have been used to debit and credit accounts as transactions occur. A journal plays an important role in recording transactions in the accounting system as it is usually the initial record of any transaction. It also shows the accounts debited or credited with a short narration that explains each transaction.

6 0

3 years ago