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2 years ago

Your network is the only resource you need when planning an event true or false please help

Business

2 answers:

viktelen [127]2 years ago

7 0

Answer:

pretty sure that is false

Stella [2.4K]2 years ago

4 0

Answer:

False

Explanation:

It makes common sense to use different resources. :)

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The owner’s initial investment consists of $38,600 cash and $45,980 in land. The company’s $18,550 equipment purchase is paid in

castortr0y [4]

Missing information:

ERNST CONSULTING

Income Statement

October 31. 202x

Revenues:

Consulting fees earned $15,600

Total revenues $15,600

Expenses:

Salaries expense $7,450

Rent expense $4,070

Telephone expense $810

Miscellaneous expenses $630

Total expenses $12,960

Net income $2,640

Cash dividends $2,530

Answer:

Ernst Consulting

Statement of Cash Flows

October 31, 202x

Cash flows from operating activities:

Cash received from customers $0

Cash paid for:

Rent expense -$4,070

Telephone expense -$810

Miscellaneous expenses -$630

Total cash flow from operating activities -$5,510

Cash flows from investing activities:

Cash paid for equipment -$18,550

Total cash flows from investing activities -$18,550

Cash flows from financing activities:

Cash investment from stockholders $38,600

Cash paid for dividends -$2,530

Total cash flows from financing activities $36,070

Net cash increase $12,010

Cash balance October 1, 202x $0

Cash balance October 31, 202x $12,010

6 0

3 years ago

Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $87,000.

Ostrovityanka [42]

Answer:

Depreciation Expense = $16900

Explanation:

Using the units of production method. I will get the value of depreciation expense for the year 2. The units of production method calculate the value of depreciation using the formula is given below.

Depreciation expense = (Cost - Salvage value) / Total Units of Products x Units of production in second year.

Depreciation expense = ($87000 - $7000) / 400000 x 84500 = $16900

Wickland company will charge depreciation expense of $16900 using the Units of production method as during the second year of Wickland company depreciation expense is $16900.

7 0

3 years ago

On November 1, 2016, Cullumber Company places a new asset into service. The cost of the asset is $78500 with an estimated 10-yea

MrRissso [65]

Answer:

$7,000

Explanation:

Depreciation: The depreciation is an expense that shows a reduction in the value of the fixed assets due to tear and wear, obsolesce, usage, time period, etc. It is shown on the debit side of the income statement. It is a non-cash item that does not affect the cash balance.

The computation of the depreciation expense for 2017 is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($78,500 - $8,500) ÷ (10 years)

= ($70,000) ÷ (10 years)

= $7,000

In this method, the depreciation is same for all the remaining useful life

3 0

3 years ago

The demand for this type of good rises when income falls and falls when

Amiraneli [1.4K]

Answer:

o inferior

Explanation:

The inferior goods shown the inverse relationship between the demand and the income. If the demand of the goods is increased so the income would fall and if the demand of the goods fall so the income would rises

So this represent that the good is an inferior good

Hence, the second option is correct

4 0

2 years ago

What is the value of zero-coupon bond with a par value of $1,000 and a yield to maturity of 5.20%? The bond has 12 years to matu

Troyanec [42]

Answer:

$544.265

Explanation:

Given:

FV = $1,000

Yield to maturity = 5.2%

N = 12 years

Required:

Find the value of the zero coupon bond.

Use the formula:

PV = FV * PVIF(I/Y, N)

Thus,

PV = 1000 * PVIF(5.2%, 12)

= 1000 * 0.544265

= $544.265

The value of the zero coupon bond is $544.3

7 0

3 years ago