All categories

3 years ago

At December 31, Idaho Company had the following ending account balances:

Business

1 answer:

telo118 [61]3 years ago

5 0

Answer:

Balance of Stockholder's Equity at December 31 is $1,910,000.

Explanation:

This will appear as follows

Idaho Company

<u>Details $ </u>

Stockholder's Equity:

Common Stock 525,000

Preferred Stock 500,000

Additional Paid-In Cap. - Common Stock 625,000

Additional Paid-In Cap. - Preferred Stock 50,000

Treasury Stock (40,000 )

Retained Earnings <u> 250,000 </u>

Balance at December 31 <u> 1,910,000 </u>

You might be interested in

Which are the first steps you should consider when constructing an online business strategy.

Nat2105 [25]

The first steps you should consider when constructing an online business strategy are: create goals and identify a USP.

<h3>What is a business strategy?</h3>

A business strategy can be defined as a set of guiding principles, actions, policies, and decisions that a business organization strategically combines, so as to successfully achieve its goals, objectives, attract potential customers and possess a competitive advantage over its rivals in the industry.

<h3>The types of business strategy.</h3>

Generally, there are four (4) main types of business strategy and these include the following:

Organizational (Corporate) strategy.
Business (Competitive) strategy.
Functional strategy.
Operating strategy.

In Business management, the first steps you should consider when constructing an online business strategy are:

Create goals

Identify a unique selling proposition (USP).

Read more on business strategy here: brainly.com/question/17130109

#SPJ1

Complete Question:

Which are the first steps you should consider when constructing an online business strategy?

Create goals and identify a USP

Understand the target audience

Change your mission statement to match the goals

Define and segment your audiences

5 0

1 year ago

Wang Company accumulates the following adjustment data at December 31. For each item, indicate (1) the type of adjustment (prepa

IRISSAK [1]

Answer:

a. Services performed but unbilled totals $600.

Accrued revenue
Accounts receivable was understated before the adjustment

b. Store supplies of $160 are on hand. The supplies account shows a $1,900 balance.

Accrued expense
Supplies was overstated before the adjustment

c. Utility expenses of $275 are unpaid.

Accrued expense
Utilities expense was understated before the adjustment

d. Service performed of $490 collected in advance.

Unearned revenue
Revenue was overstated before the adjustment

e. Salaries of $620 are unpaid.

Accrued expense
Wages expense was understated before the adjustment

f. Prepaid insurance totaling $400 has expired.

Prepaid expense
Insurance expense was understated

4 0

2 years ago

Walmart can use either self-service check out machines or cashiers to process customer purchases. For Walmart, self-service chec

OLga [1]

Answer:

a) Q = 100M + 60C

b) L = 0

c) L = Q / 60

d) Cost = $66.67

Explanation:

Let M be the self service machines and L be the cashiers hired by company.

M = self service machines

C = hired cashiers

Q = Total output

Each self service machine can process 100 orders per hour = 100M

Cashier can process 60 orders per hour = 60C

Then,

Q = 100M + 60C

Marginal Product of self service machine = 100 / 20 = 5 order per dollar

Marginal Product of cashier = 60 / 10 = 6 order per dollar

Marginal Product of cashier is higher than Marginal Product of self service machine(6 > 5).

Then, demand for self service machine is zero.

L = 0

L = Orders to be processed / Order processed per cashier

L = Q / 60

L = 400 / 60 = 6.66666667

Cost = L x 10 = 6.66666667 x 10 = $66.67

Hope this helps!

7 0

3 years ago

Tim works at a law firm where he is expected to bring in a large number of cases each week. he has been working at this job for

vekshin1

If Tim were taking any other drug, it would most likely be amphetamines. Amphetamines are nervous system stimulants, thus it is helpful for those that are hyperactive.

3 0

3 years ago

Yuengling is the oldest brewery in the United States. It was founded in 1827 in a time when small breweries dotted the nation. F

Doss [256]

Answer:

Niche competitive advantage

Explanation:

A niche competitive advantage is gained when a business targets a small segment of the market and effectively serves them.

Forming a niche market leads to less competition as the business is specialised in this field, there is clear focus as a small targeted customer base is to be satisfied, and results in specialised skills or market expertise.

Yuengling only sold in a ten-state area on the Eastern Seaboard for over 170 years, giving them a niche competitive advantage.

7 0

3 years ago