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Question 1 (1 point) v Saved During September, Red Shelf Inc. uses $600 of utilities. Red...
Please answer all parts of this question. During September, Red Shelf Inc. uses $600 of utilities....
Please answer all parts of this question.
During September, Red Shelf Inc. uses $600 of utilities. Red Shelf Inc. pays its utility bill on October 20th. On October 20th, Red Shelf Inc. records O no change in utilities expense. O a decrease in utilities expense. O an increase in utilities expense. During September, Red Shelf Inc. uses $600 of utilities. Red Shelf Inc. pays its utility bill on October 20th. On September 30th, Red Shelf Inc. records O no change...
Question 6 (1 point) On February 20th, Puzzle Inc. receives a custom order and the customer...
Question 6 (1 point) On February 20th, Puzzle Inc. receives a custom order and the customer pays $500. On March 17th, Puzzle Inc. delivers the custom order to the customer. On February 20th, Puzzle Inc. records O a decrease in cash O an increase in cash. no change in cash. Question 7 (1 point) Saved On February 20th, Puzzle Inc. receives a custom order and the customer pays $500. On March 17th, Puzzle Inc. delivers the custom order to the...
Question 3 (1 point) v Saved On November 6th, East Salvage Co. sells and delivers $4,000...
Question 3 (1 point) v Saved On November 6th, East Salvage Co. sells and delivers $4,000 of goods to a customer. The customer pays for the goods on December 15th. On November 6th, East Salvage Co. records O a decrease in revenue. O no change in revenue. O an increase in revenue.
September 1st, 2019, Mr. V has the following Assets. A Computer worth $600, $37 in cash,...
September 1st, 2019, Mr. V has the following Assets. A Computer
worth $600, $37 in cash, a car worth $25000, and other possessions
worth $1000. Mr. V has the following liabilities: $34000 in bank
loans, a $14000 loan from his parents, a $1200 credit card bill,
and a $45 phone bill.
How to make ledger and journal based on this transaction
Asus All a number of September 15, 2019 cash of September 1, 2019, Mr. V has the V has...
Question 5 (1 point) Saved "Growth" companies often payout a low percentage of their annual earnings...
Question 5 (1 point) Saved "Growth" companies often payout a low percentage of their annual earnings in the form of dividends because, these companies tend to reinvest earnings generated by their operations into the their business to help finance their growth. Whereas "mature" companies that lack significant growth opportunities often distribute a high percentage of their net income as dividends. True False Part B Question 6 (1 point) On March 13th, The Company declares a $3.00 cash dividend. The Company...
Question 1 (1 point) Saved What is the effect of the following business activity on the...
Question 1 (1 point) Saved What is the effect of the following business activity on the element indicated? Provided services to a customer who paid $1,2000 in advance last month. --- Assets 1) increase to one and decrease to another 2) decrease 3) no effect O 4) increase Question 2 (1 point) What is the effect of the following business activity on the element indicated? You receive $900 from a customer for services to be performed next month. --- Revenue...
Question 19 (1 point) v Saved The of a process is the actual output of the...
Question 19 (1 point) v Saved The of a process is the actual output of the process as a percentage of its design capacity. Note: Fill in the blank with one of the following choices. O Capability O Capacity Efficiency O Utilization Question 20 (1 point) The Big Steel Box (BSB) produces industrial-grade shipping boxes for the local and international markets. Their factory is designed to produce at most 1200 boxes per week. However, due to regularly scheduled preventive maintenance,...
Ann Simpson started her practice as a design consultant on September 1, 2018. During the first...
Ann Simpson started her practice as a design consultant on September 1, 2018. During the first month of operations, the business completed the following transactions: Sep. 1 Received 548,000 cash and issued common stock to Simpson. Purchased office supplies, $1,200, and furniture, 51,300, on account. 6 Performed services for a law firm and received $1,900 cash. 7 Paid $18,000 cash to acquire land to be used in operations. 10 Performed services for a hotel and received its promise to pay...
Question 1 (1 point) Saved Which of the following is not an objective of the federal...
Question 1 (1 point) Saved Which of the following is not an objective of the federal income tax law? Stimulate private investment Redistribution of wealth Encourage business activities Support local charities Question 3 (1 point) Roughly how large ( maximum) can your estate be in 2019 and not be subject to estate tax when you die. Assume single and O gifts during life-time. 11 million 5 million 15 million All estates will owe estate tax There is no estate tax...
Question 40 (1 point) ✓ Saved If government spending increases and taxes decrease: implicit liabilities will...
Question 40 (1 point) ✓ Saved If government spending increases and taxes decrease: implicit liabilities will increase. O implicit liabilities will decrease. the public debt will increase. the public debt will decrease. new 1 Question 30 (1 point) The aggregate demand curve: slopes downward for the same reasons that an ordinary demand curve does. slopes downward in part because when the price level falls the real wealth of the public falls, and this induces people to change their consumption. slopes...
Please answer all parts of this question.
During September, Red Shelf Inc. uses $600 of utilities. Red Shelf Inc. pays its utility bill on October 20th. On October 20th, Red Shelf Inc. records O no change in utilities expense. O a decrease in utilities expense. O an increase in utilities expense. During September, Red Shelf Inc. uses $600 of utilities. Red Shelf Inc. pays its utility bill on October 20th. On September 30th, Red Shelf Inc. records O no change...
Question 6 (1 point) On February 20th, Puzzle Inc. receives a custom order and the customer pays $500. On March 17th, Puzzle Inc. delivers the custom order to the customer. On February 20th, Puzzle Inc. records O a decrease in cash O an increase in cash. no change in cash. Question 7 (1 point) Saved On February 20th, Puzzle Inc. receives a custom order and the customer pays $500. On March 17th, Puzzle Inc. delivers the custom order to the...
Question 3 (1 point) v Saved On November 6th, East Salvage Co. sells and delivers $4,000 of goods to a customer. The customer pays for the goods on December 15th. On November 6th, East Salvage Co. records O a decrease in revenue. O no change in revenue. O an increase in revenue.
September 1st, 2019, Mr. V has the following Assets. A Computer
worth $600, $37 in cash, a car worth $25000, and other possessions
worth $1000. Mr. V has the following liabilities: $34000 in bank
loans, a $14000 loan from his parents, a $1200 credit card bill,
and a $45 phone bill.
How to make ledger and journal based on this transaction
Asus All a number of September 15, 2019 cash of September 1, 2019, Mr. V has the V has...
Question 5 (1 point) Saved "Growth" companies often payout a low percentage of their annual earnings in the form of dividends because, these companies tend to reinvest earnings generated by their operations into the their business to help finance their growth. Whereas "mature" companies that lack significant growth opportunities often distribute a high percentage of their net income as dividends. True False Part B Question 6 (1 point) On March 13th, The Company declares a $3.00 cash dividend. The Company...
Question 1 (1 point) Saved What is the effect of the following business activity on the element indicated? Provided services to a customer who paid $1,2000 in advance last month. --- Assets 1) increase to one and decrease to another 2) decrease 3) no effect O 4) increase Question 2 (1 point) What is the effect of the following business activity on the element indicated? You receive $900 from a customer for services to be performed next month. --- Revenue...
Question 19 (1 point) v Saved The of a process is the actual output of the process as a percentage of its design capacity. Note: Fill in the blank with one of the following choices. O Capability O Capacity Efficiency O Utilization Question 20 (1 point) The Big Steel Box (BSB) produces industrial-grade shipping boxes for the local and international markets. Their factory is designed to produce at most 1200 boxes per week. However, due to regularly scheduled preventive maintenance,...
Ann Simpson started her practice as a design consultant on September 1, 2018. During the first month of operations, the business completed the following transactions: Sep. 1 Received 548,000 cash and issued common stock to Simpson. Purchased office supplies, $1,200, and furniture, 51,300, on account. 6 Performed services for a law firm and received $1,900 cash. 7 Paid $18,000 cash to acquire land to be used in operations. 10 Performed services for a hotel and received its promise to pay...
Question 1 (1 point) Saved Which of the following is not an objective of the federal income tax law? Stimulate private investment Redistribution of wealth Encourage business activities Support local charities Question 3 (1 point) Roughly how large ( maximum) can your estate be in 2019 and not be subject to estate tax when you die. Assume single and O gifts during life-time. 11 million 5 million 15 million All estates will owe estate tax There is no estate tax...
Question 40 (1 point) ✓ Saved If government spending increases and taxes decrease: implicit liabilities will increase. O implicit liabilities will decrease. the public debt will increase. the public debt will decrease. new 1 Question 30 (1 point) The aggregate demand curve: slopes downward for the same reasons that an ordinary demand curve does. slopes downward in part because when the price level falls the real wealth of the public falls, and this induces people to change their consumption. slopes...
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