subject
Business, 20.09.2019 22:00 hannahliebl2000

Issued 28,000 shares of non-par common stock in exchange for $280,000 in cash. purchased equipment at a cost of $36,000. $9,000 cash was paid and a notes payable to the seller was signed for the balance owed. purchased inventory on account at a cost of $86,000. the company uses the perpetual inventory system. credit sales for the month totaled $110,000. the cost of the goods sold was $66,000. paid $4,000 in rent on the warehouse building for the month of march. paid $5,800 to an insurance company for fire and liability insurance for a one-year period beginning april 1, 2021. paid $66,000 on account for the merchandise purchased in 3. collected $49,500 from customers on account. recorded depreciation expense of $900 for the month on the equipment.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 22:20
Which of the following is correct? a. a tax burden falls more heavily on the side of the market that is more elastic.b. a tax burden falls more heavily on the side of the market that is less elastic.c. a tax burden falls more heavily on the side of the market that is closer to unit elastic.d. a tax burden is distributed independently of the relative elasticities of supply and demand.
Answers: 1
question
Business, 22.06.2019 22:30
Which of the following situations is most likely to change a buyer's market into a seller's market? a. a natural disaster that drives away a lot of the population. b. the price of building materials suddenly going up. c. the government buys up a lot of houses to build a new freeway. d. a factory laying off a lot of workers in the area.
Answers: 1
question
Business, 23.06.2019 02:50
In the market for lock washers, a perfectly competitive market, the current equilibrium price is $5 per box. washer king, one of the many producers of washers, has a daily short-run total cost given by tc = 190 + 0.20q + 0.0025q2, where q measures boxes of washers. washer king's corresponding marginal cost is mc = 0.20 + 0.005q. how many boxes of washers should washer king produce per day to maximize profit?
Answers: 1
question
Business, 23.06.2019 03:00
In each of the cases below, assume division x has a product that can be sold either to outside customers or to division y of the same company for use in its production process. the managers of the divisions are evaluated based on their divisional profits. case a b division x: capacity in units 200,000 200,000 number of units being sold to outside customers 200,000 160,000 selling price per unit to outside customers $ 90 $ 75 variable costs per unit $ 70 $ 60 fixed costs per unit (based on capacity) $ 13 $ 8 division y: number of units needed for production 40,000 40,000 purchase price per unit now being paid to an outside supplier $ 86 $ 74 required: 1. refer to the data in case a above. assume in this case that $3 per unit in variable selling costs can be avoided on intracompany sales. a. what is the lowest acceptable transfer price from the perspective of the selling division? b. what is the highest acceptable transfer price from the perspective of the buying division? c. what is the range of acceptable transfer prices (if any) between the two divisions? if the managers are free to negotiate and make decisions on their own, will a transfer probably take place?
Answers: 3
You know the right answer?
Issued 28,000 shares of non-par common stock in exchange for $280,000 in cash. purchased equipment a...
Questions
question
Mathematics, 17.06.2020 03:57
question
History, 17.06.2020 03:57
question
Mathematics, 17.06.2020 03:57
question
Mathematics, 17.06.2020 03:57
question
Mathematics, 17.06.2020 03:57
question
Mathematics, 17.06.2020 03:57