subject
Business, 23.06.2020 19:01 hncriciacheichi

Bindy Crawford created a corporation providing legal services, Marin Inc., on July 1, 2022. On July 31 the balance sheet showed: Cash $4,200; Accounts Receivable $6,900; Supplies $720; Equipment $9,400; Accounts Payable $8,600; Common Stock $10,800; and Retained Earnings $1,820. During August the following transactions occurred. Aug. 1 Collected $1,150 of accounts receivable due from customers.
4 Paid $2,710 cash for accounts payable due.
9 Performed services worth $5,360, of which $3,580 is collected in cash and the balance is due in September
15 Purchased additional office equipment for $4,490, paying $470 in cash and the balance on account.
19 Paid salaries $1,430, rent for August 650, and advertising expenses 320
23 Paid a cash dividend of $650.
26 Borrowed $5,950 from American Federal Bank; the money was borrowed on a 4-month note payable.
31 Incurred utility expenses for the month on account $440
Prepare a tabular analysis of the August transactions beginning with July 31 balances.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 08:00
At a student café, there are equal numbers of two types of customers with the following values. the café owner cannot distinguish between the two types of students because many students without early classes arrive early anyway (i.e., she cannot price-discriminate). students with early classes students without early classes coffee 70 60 banana 51 101 the marginal cost of coffee is 10 and the marginal cost of a banana is 40. the café owner is considering three pricing strategies: 1. mixed bundling: price bundle of coffee and a banana for 161, or just a coffee for 70. 2. price separately: offer coffee at 60, price a banana at 101. 3. bundle only: coffee and a banana for 121. do not offer goods separately. assume that if the price of an item or bundle is no more than exactly equal to a student's willingness to pay, then the student will purchase the item or bundle. for simplicity, assume there is just one student with an early class, and one student without an early class. price strategy revenue from pricing strategy cost from pricing strategy profit from pricing strategy 1. mixed bundling $ $ $ 2. price separately $ $ $ 3. bundle only $ $ $ pricing strategy yields the highest profit for the café owner.
Answers: 1
question
Business, 22.06.2019 12:50
You own 2,200 shares of deltona hardware. the company has stated that it plans on issuing a dividend of $0.42 a share at the end of this year and then issuing a final liquidating dividend of $2.90 a share at the end of next year. your required rate of return on this security is 16 percent. ignoring taxes, what is the value of one share of this stock to you today?
Answers: 1
question
Business, 22.06.2019 14:40
In the fall of 2008, aig, the largest insurance company in the world at the time, was at risk of defaulting due to the severity of the global financial crisis. as a result, the u.s. government stepped in to support aig with large capital injections and an ownership stake. how would this affect, if at all, the yield and risk premium on aig corporate debt?
Answers: 3
question
Business, 22.06.2019 15:00
Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget.the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead.a total of 119,300 units, using 478,000 direct labor hours, were produced during the year.actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.
Answers: 3
You know the right answer?
Bindy Crawford created a corporation providing legal services, Marin Inc., on July 1, 2022. On July...
Questions
question
Mathematics, 23.06.2019 18:40