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2 years ago

How does Chloe Spencer's website make money? (Site 1)

Business

2 answers:

NemiM [27]2 years ago

5 0

Answer:

Google pays her every time someone clicks on a Google ad on her

site.

Explanation:

Vlad [161]2 years ago

5 0

Answer: The correct answer is : She at age 14 thought what she liked, what subject she was an expert on and immediately the idea of Neopets came up and she created Neopets.com, a virtual pet site. It was the virtual site preferred by children in the world who were looking for online game tricks. He used SEO and created his brand. He was a lecturer in the United States and conducted press interviews, NeopetsFanatic.com finally became the most recognized site of Neopets fans on the Internet.

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Four years ago, Velvet Purses purchased a mailing machine at a cost of $176,000. This equipment is currently valued at $64,500 o

DiKsa [7]

Answer:

Explanation:

Book value of shareholders equity = Book value of mailing machine + net working capital - Long term debt = 64500 + 57200 - 111300 = $ 10400

5 0

2 years ago

Lester Company transferred the following assets to a newly created subsidiary, Mumby Corporation, in exchange for 40,000 shares

sammy [17]

Answer:

Lester Company

The accumulated depreciation amounts for buildings $35,000 and for equipment $60,000 were obtained as the differences between the costs and the book values of the assets. The cost of a long-term asset is usually reduced to its book value by the total amount in the accumulated depreciation account. The accumulated depreciation account shows the progressive amounts set aside annually as a write-off of the asset, showing its use over the period in accordance with the accrual concept and matching principle. The accrual concept and matching principle require cost to be matched to the revenue it helps to generate.

Explanation:

Transferred Assets:

Cost Book Value Difference Explanation

Cash $40,000 $40,000 $0

Accounts Receivable 75,000 68,000 $7,000 (doubtful accounts)

Inventory 50,000 50,000 $0

Land 35,000 35,000 $0

Buildings 160,000 125,000 $35,000 (depreciation)

Equipment 240,000 180,000 $60,000 (depreciation)

5 0

2 years ago

Depreciation Methods On January 2, 2018, Skyler, Inc. purchased a laser cutting machine to be used in the fabrication of a part

crimeas [40]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

The machine cost $120,000, and its estimated useful life was four years or 920,000 cuttings, after which it could sell for $5,000.

Each method has a different formula. In the straight-line depreciation, each year's depreciation expense is the same. On the other hand, double-declining balance depreciation expense declines with the years. While the units of production method, depreciation expense varies according to use.

A) Straight-line:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (120,000 - 5,000)/4= $28,750 per year

B) Double declining balance:

Annual depreciation= 2*[(book value)/estimated life (years)]

Year 1= 2*(115,000/4)= 57,500

Year 2= 2*[(115,000 - 57,500)/4]= 28,750

Year 3= 2*[(57,500 - 28,750)/4]= 14,375

Year 4= 2*[(28,750 - 14,375)/4]= 7,187.5

C) Units of production:

Annual depreciation= [(original cost - salvage value)/useful life of production in units]*units produced

Year 1= [(115,000)/920,000]*200,000= $25,000

Year 2= (0.125)*350,000= 43,750

Year 3= 0.125*260,000= $32,500

Year 4= 0.125*110,000= $13,750

6 0

2 years ago

The following budget information is available for the HD Sales Company (HDC) for January: Sales $ 320,000 Freight out $ .25 per

Mamont248 [21]

Answer:

The total budgeted selling and administrative expenses would be what amount on the January pro forma income statement is $113,400

Explanation:

Computation of total budgeted selling and administrative expenses in the January pro forma income statement is shown below:

= Freight out + Sales & Admin Salaries + Advertising + Lease on Sales building + Miscellaneous selling expenses

where,

Freight out = $0.25 × 20,000 units = $5,000

Sales & Admin Salaries = 40,000 + 2% of $320,000 = $46,400

So,

The total budgeted selling and administrative expenses is

= $5,000 + $46,400 + $12,000 + $45,000 + $5,000

= $113,400

Since depreciation part is not be considered because it is a non cash expense so we don't include the depreciation cost in computation part.

Hence, the total budgeted selling and administrative expenses would be what amount on the January pro forma income statement is $113,400

5 0

2 years ago

Mr. Decker invested $20,000 in cash in his new business. How does the company record the investment?

Rudiy27

Answer:

The company records the investment by the entry:

(D) debit Cash and credit Owner's Equity

Explanation:

Mr. Decker invested $20,000 in cash in his new business. He is the Owner of the company.

In the case, the company that he invested received cash from Mr. Decker.

The company will record the increasing in cash and increasing in Owner's Equity account by the journal entry:

Debit Cash $20,000

Credit Owner's Equity $20,000

8 0

2 years ago

How does Chloe Spencer's website make money? (Site 1)​

How does Chloe Spencer's website make money? (Site 1)