Business, 15.07.2019 20:20 genyjoannerubiera
Wildhorse co. entered into these transactions during may 2017, its first month of operations. 1. stockholders invested $33,000 in the business in exchange for common stock of the company 2. purchased computers for office use for $26,900 from ladd on account. 3. paid $3,100 cash for may rent on storage space. 4. performed computer services worth $15,300 on account. 5. performed computer services for wharton construction company for $3,500 cash. 6. paid western states power co. $8,700 cash for energy usage in may. 7. paid ladd for the computers purchased in (2). 8. incurred advertising expense for may of $3,400 on account. 9. received $11,100 cash from customers for contracts billed in (4). using the following tabular analysis, show the effect of each transaction on the accounting equation. put explanations for changes to stockholders’ equity in the far right column.
Answers: 3
Business, 22.06.2019 20:10
Given the following information, calculate the savings ratio: liabilities = $25,000 liquid assets = $5,000 monthly credit payments = $800 monthly savings = $760 net worth = $75,000 current liabilities = $2,000 take-home pay = $2,300 gross income = $3,500 monthly expenses = $2,050 multiple choice 2.40% 3.06% 34.78% 33.79% 21.71%
Answers: 2
Business, 22.06.2019 22:20
Which of the following best explains why the demand for housing is more flexible than the supply? a. new housing developments are being constructed all the time. b. low interest rates for mortgages make buying a home very affordable. c. the increasing population always drives demand upwards. d. people can move more easily than producers can build new homes.
Answers: 1
Business, 23.06.2019 00:00
Both a demand curve and a demand schedule show how a. prices affect consumer demand. b. consumer demand affects income. c. prices affect complementary goods. d. consumer demand affects substitute goods.
Answers: 2
Wildhorse co. entered into these transactions during may 2017, its first month of operations. 1. sto...
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