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2 years ago

The value proposition does not serve to:

1 answer:

3 0

The value proposition does not serve to establish who is in charge of the partnership. The correct answer should be A. This proposition refers to a promise that value will be achieved. This will be done with the help of various people and plans so as to make the promise come true. The common mission, changes, and partner engagement are all important when it comes to the value proposition.

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I'm having a difficult time with my accounting workbook. I post the adjusting entries, but my balance sheet never equalizes. Can

Marta_Voda [28]

Answer:

PEYTON APPROVED

TRIAL BALANCE

As of December 31, 2017

Unadjusted Adjusting Adjusted

Trial balance Entries Trial balance

Dr Cr ref Dr Cr ref Dr Cr

Cash 67,520.04 3 1,000 68,520.04

Accounts Receivable 68,519.91 68,519.91

Other Receivable -

Insurance Baking

Supplies 15,506.70 15,506.70

Merchandise

Inventory 1,238.07 1 3,175 1 4,413.07

Consignment

Inventory 2 200 2 200

Prepaid Rent 2,114.55 2,114.55

Prepaid Insurance 2,114.55 2,114.55

Misc. Supplies 170.49 170.49

Baking Equipment 14,000.00 4 2,000 4 12,000.00

Accumulated Depreciation 1,606.44 4 4 406.44

Customer Deposit

- Accounts Payable 20,262.11 20,262.11

Wages Payable 3,383.28 3,383.28

Interest Payable 211.46 211.46

Notes Payable 5,000.00 5,000.00

Common Stock 20,000.00 20,000.00

Beginning Retained

earnings 50,144.84 50,144.84

Dividends 105,000.00 105,000.00

Bakery Sales 327,322.55 327,322.55

Merchandise Sales 1,205.64 1,205.64

Cost of Goods

Sold - Baked 105,834.29 105,834.29

Cost of Goods

Sold -

Merchandise 859.77 859.77

Rent Exp. 24,549.19 24,549.19

Wages Exp. 10,670.72 10,670.72

Misc. Supplies

Expense 3,000.46 3,000.46

Business

License

Expense 2,045.77 2,045.77

Misc.

Expense 1,363.84 1,363.84

Depreciation

Expense 677.86 677.86

Insurance

Expense 1,091.08 1,091.08

Advertising

Expense 1,549.74 1,549.74

Interest

Expense 818.31 818.31

Telephone

Expense 490.98 490.98

Gain/Loss on

disposal of equipment 429,136.32 429,136.32 - - 429,136.32 429,136.32

Explanation:

a) Data and Calculations:

PEYTON APPROVED

TRIAL BALANCE

As of December 31, 2017

Unadjusted trial balance Adjusting entries Adjusted trial balance

Dr Cr ref Dr Cr ref Dr Cr

Cash 67,520.04 67,520.04

Accounts Receivable 68,519.91 68,519.91

Other Receivable - Insurance Baking Supplies 15,506.70 15,506.70

Merchandise Inventory 1,238.07 1,238.07

Consignment Inventory Prepaid Rent 2,114.55 2,114.55

Prepaid Insurance 2,114.55 2,114.55

Misc. Supplies 170.49 170.49

Baking Equipment 14,000.00 14,000.00

Accumulated Depreciation 1,606.44 1,606.44

Customer Deposit - Accounts Payable 20,262.11 20,262.11

Wages Payable 3,383.28 3,383.28

Interest Payable 211.46 211.46

Notes Payable 5,000.00 5,000.00

Common Stock 20,000.00 20,000.00

Beginning Retained earnings 50,144.84 50,144.84

Dividends 105,000.00 105,000.00

Bakery Sales 327,322.55 327,322.55

Merchandise Sales 1,205.64 1,205.64

Cost of Goods Sold - Baked 105,834.29 105,834.29

Cost of Goods Sold - Merchandise 859.77 859.77

Rent Expense 24,549.19 24,549.19

Wages Expense 10,670.72 10,670.72

Misc. Supplies Expense 3,000.46 3,000.46

Business License Expense 2,045.77 2,045.77

Misc. Expense 1,363.84 1,363.84

Depreciation Expense 677.86 677.86

Insurance Expense 1,091.08 1,091.08

Advertising Expense 1,549.74 1,549.74

Interest Expense 818.31 818.31

Telephone Expense 490.98 490.98

Gain/Loss on disposal of equipment 429,136.32 429,136.32 - - 429,136.32 429,136.32

b) The adjustments are made in the Adjusting entries column and referenced accordingly, while the effect is reflected in the adjusted trial balance column.

3 0

2 years ago

A simple index of three stocks have opening values on day 1 and day 8 as shown in the table below. What is the rate of change of

AnnZ [28]

The correct answer is letter B)-11.4% (APEX)

8 0

2 years ago

Read 2 more answers

On January 1, 2017, Doone Corporation acquired 70 percent of the outstanding voting stock of Rockne Company for $672,000 conside

bogdanovich [222]

Answer:

Question a:

The non-controlling interest of Rockne´s 2018 net income is $111,000.- calculated by taking 30% of Rockne´s net income of $370,000.-

Question B:

There are 3 entries required to eliminate te sale of goods form rochne to doone.

The first entry eliminates the sales recorded by rockne against te inventory or cost of goods sold by recorded by doone. To consider, the 60% of the purchases went trhough cost of good sol d and 40% of the purchases remain in inventory until the following year. Here is the engru:

Debit/sales/$530

Credit/COGS/ ($318) 60%

Credit inventory ($212) 40%

The next entry has to do with the amount of inventory that remained from the last intercompany transaction. This is caclulated usin 40% of 2017 sales, which were $430. So:

Debit inventory $172

Credit Cogs ($172)

The last part is to eliminate the recievable on the book of rockne when they made te sale

Debit Payable $530

Credit receivable ($530)

6 0

2 years ago

Record and analyze installment notes (LO9-2)

djyliett [7]

Answer:

January 1, 2021, building purchased

Dr Building 420,000

Cr Cash 100,000

Cr Notes payable 320,000

Explanation:

The building account (asset) must be recorded at the purchase cost. The mortgage is considered a note payable (long term liability), while the cash account (asset) decreases, therefore, it must be credited.

3 0

1 year ago

On January 1, 2019, Shay Company issues $400,000 of 10%, 12-year bonds. The bonds sell for $391,000. Six years later, on January

noname [10]

Answer:

$9,000

Explanation:

The computation of the amount of the discount on the bonds at issuance is shown below:

= Par value of the bond - issued price of the bond

= $400,000 - $391,000

= $9,000

By deducting the issued price of the bond from the par value of the bond we can get the discount amount on issuance of the bond and the same is applied above

4 0

2 years ago