Which of the following prints money to

brainly Stuart Manufacturing Company was started on January 1, year 1, when it acquired $89,000 cash by issuing common stock. St

HACTEHA [7]

Answer:

Stuart Manufacturing Company

Assets = $107,200

Explanation:

a) Data and Calculations:

Cash Account

Common stock $89,000

Furniture (32,000)

Equipment (40,000)

Salaries (12,000)

Wages (21,000)

Raw materials (26,000)

Sales 72,000

Cash balance $30,000

Inventory:

Cost = $26,000

Units produced = 10,000 units

Cost per unit = $2.60 ($26,000/10,000)

Cost of goods sold = 8,000 * $2.60 = $20,800

Ending inventory = 2,000 * $2.60 = $5,200

Sales Revenue = 8,000 * $9 = $72,000

Assets:

Cash $30,000

Ending inventory 5,200

Furniture 32,000

Equipment 40,000

Total $107,200

b) An asset is something that brings in future cash flows to the business entity. It is made up of Cash and Cash Equivalents, Inventories, Property, Plant, Equipment, and other business investments. Assets are funded from finance provided by creditors and the equity owners, and they generate economic values.

5 0

2 years ago

Regional Economic Integration Threats (textbook) In a way, price differentials in the same economic integration would decline in

Svetach [21]

Answer:

TRUE

Explanation:

The integration of countries from the same region into a trade bloc has the purpose of free movement of goods and services among lower-priced member countries. This is because from integration, countries give up tariffs and customs barriers, allowing products to be marketed to everyone at a lower cost, aiming at the common good. If countries use the same currency, the benefits of integration are even greater as they eliminate currency conversion costs.An example of this type of integration is the European Union, where products move freely between member countries and are sold in the same currency, the euro.

6 0

3 years ago

Identify the career that matches each description.

mariarad [96]

Answer:

You didn’t provide a list so I came up with possible answers.

Choreographer

Writer

Actor/Actress

Director

8 0

2 years ago

Read 2 more answers

In Chile, one worker can harvest 4 pounds of peppers or 4 pounds of coffee beans. In Argentina, one worker can harvest 2 pounds

Monica [59]

Chile- 4 pounds of coffee beans, Argentina - 16 pounds of coffee beans, is the correct solution of the question.

<h3>Explanation of the question?</h3>

It loses 4 pounds of coffee beans if one worker produces 4 pounds of peppers. As a result, if the worker produces 4 pounds extra peppers, 4 pounds of coffee beans will be lost. As a result, the opportunity cost of generating an additional 4 pounds of peppers for Chile is equal to 4 pounds of coffee beans.

Argentina's case:

It loses 8 pounds of coffee beans if one worker produces 2 pounds of peppers.

As a result, if the worker produces 1 pound of pepper, it loses = 8/2 = 4 pounds of coffee beans.

The worker will lose = 4 * 4 = 16 pounds of coffee beans if he produces 4 pounds of peppers.

As a result, the potential cost of producing an additional 4 pounds of peppers for Argentina is 16 pounds of coffee beans.

Thus, it is 4 pounds of coffee beans, Argentina - 16 pounds of coffee beans.

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8 0

1 year ago

BE16.11 (LO 4) Tomba Corporation had 300,000 shares of common stock outstanding on January 1, 2020. On May 1, Tomba issued 30,00

Butoxors [25]

Answer

1) Issued for Cash

Weighted Average number of shares at year end 330,000

b) Issued for Dividends

weighted Average number is 320,000

Explanation:

The Weighted average number (assuming year end is 31 December)

300000 * 12/12 = 300000 full year

30000 = 30000

issued for dividends

Weighted average number

300000 * 12/12 = 300000 full year

30000 * 8/12 = 20000

total at year end 320000 shares

8 0

3 years ago