answer.
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
gulaghasi [49]
1 year ago
5

The following transactions were completed by the company.

Business
1 answer:
Nana76 [90]1 year ago
3 0

Answer:

Since there is not enough room here, I used an excel spreadsheet to answer the question.

Assets increased by $8,440

Stockholders' equity increased by $8,440

Revenues increased by $8,440

Cash flows increased by $6,040

Explanation:

The accounting equation: Assets = Liabilities + Stockholders' Equity, basically represents how the double entry accounting system works. One side (assets) must always be equal to the other side (liabilities + stockholders' equity).

Download pdf
You might be interested in
Benton Lamps applies overhead using direct labor hours. Budgeted total overhead cost was $472,000 and estimated direct labor hou
GREYUIT [131]

Answer:

Allocated MOH= $158,000

Explanation:

Giving the following information:

The standard direct labor quantity is 4 hours per lamp, and the company produced 9,800 lamps in January. This required 39,500 direct labor hours.

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 4*39,500= $158,000

4 0
1 year ago
For many in the baby-boom generation, the kennedy assassination represents a ________, an exceptionally clear recollection of an
earnstyle [38]
For many in the baby boom generation, ......................................... represents a FLASHBULB MEMORY, an .......................... event.
 A flash bulb memory refers to a detailed and vivid memory which is stored on one occasion and is retained for a life time. Such memory are usually related to important autobiographical events or other types of memories that are unforgettable. 
4 0
1 year ago
Identify the type of sampling used​ (random, systematic,​ convenience, stratified, or cluster​ sampling) in the situation descri
Sunny_sXe [5.5K]

Answer:

Cluster sampling

Explanation:

Cluster sampling is a type of sampling in which a population is divided into groups and one whole group from the division is randomly with every member of the chosen group  involved.

As in thr question, the phone number listings have been divided into groups of 400 and her name came up in the first group of the listing divisions to be considered, hence her selection.

Cheers.

6 0
2 years ago
A firm must choose from six capital budgeting proposals outlined below. The firm is subject to capital rationing and has a capit
MaRussiya [10]

Answer:

On IRR basis projects 1, 2, 3, and 5 will be selected.

On NPV basis projects 1, 3, 5,  and 6 will be selected.

Explanation:

The firm will accept or choose all the project that has a higher or equal internal rate of interest than cost of capital. However, in the given case project 4 has a lower internal rate of interest (12 percent) than the cost of capital. Thus, projects 1, 2, 3, and 5 will be chosen by the firm. While the firm has budget constraints so it will have no money for projects 4 and 6.

The firm will select all the projects with positive NPV when there is no budget constraint. But in case of budget constraint, the firm will select the project that has high NPV. Thus, Project 1, 6, 3, and 5 will be selected and there will be no money left for projects 2 and 4.

8 0
1 year ago
Fuller Food Company distributes coupons which may be presented (on or before a stated expiration date) to grocers. The grocers a
MrRissso [65]

Answer:

1. c.$124,000

2. e.$46,000

Explanation:

The Fuller company has issued two bonds with separate coupons. The liability for unredeemed bond at December 31, 2012 is $124,000.

The value of bond when issued is $720,000

Value of bond at expiration date is $300,000

720,000 / 300,000 = 2.4

2.4 * 190,000 = 456,000 / 3.67 years

= $124,000

Case corporation has issued bond with value 94 issued at par with 10% coupon rate.

Using the amortization bond table we get $46,000.

$(100000 / 94 ) * 10% = 106.38 * 5 years

= 5,319.20 * 8.64 amortizing rate

= $46,000

4 0
1 year ago
Other questions:
  • Shamas famous restaurants expects to pay a common stock dividend of $1.50 per share next year (d1). dividends are expected to gr
    7·1 answer
  • Kate is a busy student. She likes to run to stay healthy and fit. She doesn't shop all the brands because she knows what shoe is
    14·2 answers
  • Kellogg pays $2.00 in annual per share dividends to its common stockholders, and its recent stock price was $82.50. Assume that
    9·1 answer
  • Careco Company and Audaco Inc are identical in size and capital structure. However, the riskiness of their assets and cash flows
    15·1 answer
  • The Leadership Grid includes 5 models of management. ______ is a model with the highest concern for production and the lowest co
    9·1 answer
  • At December​ 31, ​, Corporation has cash of ​million, accounts receivable of ​million, and​ long-term assets of million. The com
    7·1 answer
  • Suppose you are an operations manager for a plant that manufactures batteries. Give an example of how you could use descriptive
    9·1 answer
  • Andrew has been asked to estimate future cash flows for his company. He is having a hard time remembering how to estimate future
    12·1 answer
  • Smithson Company uses a job-order costing system and has two manufacturing departments— Molding and Fabrication. The company pro
    11·1 answer
  • Present Value of an Annuity of 1 Periods8%9% 10.926 0.917 0.909 21.783 1.759 1.736 32.577 2.531 2.487 A company has a minimum re
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!