Answer:
Cash 34,830
Equipment 15,540
Capital Account 50,370
no entry needed
supplies 830
account payable 830
rent expense 630
cash 630
account receivable 1,360
service revenue 1,360
cash 3,940
unearned revenue 3,940
cash 2,950
service revenue 2,950
insurance expense 150
cash 150
wages expense 1,280
cash 1,280
supplies expense 130
supplies 130
Equipment- Computer 7,000
Capital Account 7,000
Explanation:
We must always o debit = credit
and record the entries to reflect the reality.
b. Mrs. Jones will have to pay Mr. Brown the reward money because she left the posters up after Fifi had already been returned.
c. Mrs. Jones will not have to pay anyting to Mr. Brown because the offer was not communicated to him before he returned Fifi.
d. Mrs. Jomes will ot need to pay Mr. Brown the reward money because it is a unilateral contract.
If Mr. Brown later sees one of the posters and asks Mrs. Jones for the reward money: Mrs. Jone will have to pay Mr. Brown the reward money because she made a public offer. Thus the correct option is A.
A poster is refer to a graphical or pictorial representation of any idea to promote or support something. These posters are utilized for advertisement or to create awareness among citizens regarding any issue or challenges faced in society.
In the given case, it is explained that In her neighborhood, Mrs. Jones posts posters announcing a prize for the safe return of her dog Fifi. Fifi is located and delivered by Mr. Brown, who is unaware of the posters.
The reward is something that is presented or given in exchange for some service or achievement, or that is received in exchange for good or bad. Due to her public offer, Mrs. Jone will be obligated to pay Mr. Brown the reward amount.
Therefore, option A is appropriate.
Learn more about Reward, here:
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A :)
Im 99% sure it’s right, really hope it is!
Illegal multilevel marketing gimmick that promises commissions on one's own sales as well as on the sales of recruits called Pyramid scheme.
A pyramid scam is an unethical and unreliable investment pitch that depends on guaranteeing irrational profits on fictitious investments. The fact that the early investors receive these substantial returns prompts them to endorse the program to others. Returns to investors are paid from fresh capital coming in. When there are no more investors left, the pyramid eventually falls.
These businesses, sometimes known as pyramid schemes, are prohibited in the United States.
What is multi level Marketing?
Distributors profit from the sale of tangible goods and from commissions on the purchases and sales of the distributors they have recruited through Multi-Level Marketing operations (MLMs), which are respectable business schemes.
Although they sometimes pass for MLMs, pyramid schemes are more concerned with the fees from recruiters than the money from product sales.
To know more about Pyramid Schemes, refer to-
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Economy of Economy Stock A Stock B
Recession .20 .010 – .35
Normal .55 .090 .25
Boom .25 .240 .48
a. Calculate the expected return for the two stocks.'
Answer:
11.15%
Explanation:
The formula to compute the expected rate of return is shown below:
Expected rate of return = (Recession probability× Possible Returns ) + (Normal Probability × Possible Returns ) + (Boom Probability × Possible Returns 3)
= (0.20 × 0.010) + (0.55 × 0.090) + (0.25 × 0.240)
= 0.002+ 0.0495 + 0.06
= 11.15%
Simply we multiply the probability with its return so that accurate rate could come.
Answer:
The correct answer is letter "D": sale of common stock.
Explanation:
Stockholders' equity is the equity held by the shareholders in a company. It is determined by the corporation by subtracting its total liabilities from its total assets. The sale or issue of the common stock increases that amount. The result is listed in the firm's Balance Sheet.
$'000
Net sales $1,230
Cost of goods sold $520
Operating expenses $440
Net income $390
Balance sheet data:
$'000
Average total equity $2,400
Average total assets $4,000
Supreme reported earnings per share for the year of $4 and paid cash dividends of $1 per share.
At year-end, the Wall Street Journal listed Supreme's capital stock as trading at $88 per share.
Required:
Compute the following:
a). Gross profit rate
b). Supreme's operating income (in millions)
c). Return on assets
d). Return on equity
e). Price-earning ratio
Answer:
a. Gross profit rate = Gross profit / sales
= $710,000 * 100
$1,230,000
= 57.72%
b. Supreme Operating Income
Gross Profit $710,000
Operating expenses (440,000)
Operating Profit 270,000
c. Return on Asset = Return/ Average Asset
= $390,000 * 100
$4,000,000
= 9.75%
d. Return on equity = Return / Average equity
= $390,000 * 100
$2,400,000
= 16.25%
e. Price-earnings ratio = Market price per share / earnings per share
= $88/ $4
= 22
Explanation:
Computation of Gross profit
$'000
Net Sales 1,230
Cost of goods sold (520)
Gross Profit 710
Explanation:
Management theories are concepts surrounding recommended management strategies, which may include tools such as frameworks and guidelines that can be implemented in modern organizations. Generally, professionals will not rely solely on one management theory alone, but instead, introduce several concepts from different management theories that best suit their workforce and company culture.