Business, 24.10.2019 16:43 Peachyyyyyy978
The accountant for the firm owned by randy guttery prepares financial statements at the end of each month. the following transactions for randy guttery, landscape consultant took place during the month ended june 30, 2019.transactions: a. guttery invested $80,000 in cash to start the business. b. paid $3,000 for the current monthâs rent. c. bought office furniture for $8,360 in cash. d. performed services for $4,100 in cash. e. paid $625 for the monthly telephone bill. f. performed services for $7,000 on credit. g. purchased a computer and copier for $19,000; paid $6,500 in cash immediately with the balance due in 30 days. h. received $3,500 from credit clients. i. paid $2,000 in cash for office cleaning services for the month. j. purchased additional office chairs for $2,900; received credit terms of 30 days. k. purchased office equipment for $20,000 and paid half of this amount in cash immediately; the balance is due in 30 days. l. issued a check for $4,700 to pay salaries. m. performed services for $7,250 in cash. n. performed services for $8,000 on credit. o. collected $4,000 on accounts receivable from charge customers. p. issued a check for $1,450 in partial payment of the amount owed for office chairs. q. paid $350 to a duplicating company for photocopy work performed during the month. r. paid $610 for the monthly electric bill. s. guttery withdrew $4,500 in cash for personal expenses. required: prepare a trial balance, an income statement, a statement of ownerâs equity, and a balance sheet. assume that the transactions took place during the month ended june 30, 2019. determine the account balances before you start work on the financial statements. analyze: what is the change in ownerâs equity for the month of june?
Answers: 1
Business, 22.06.2019 02:30
The cost of capital: introduction the cost of capital: introduction companies issue bonds, preferred stock, and common equity to aise capital to invest in capital budgeting projects. capital isănecessary factor of production and like any other factor, it has a cost. this cost is equal to the select the applicable security. the rates of return that investors require on bonds, preferred stocks, and common equity represent the costs of those securities to the firm. companies estimate the required returns on their securities, calculate a weighted average of the costs of their different types of capital, and use this average cost for capital budgeting purposes. required return on rate: when calculating om operations when the firm's primary financial objective is to select shareholder value. to do this, companies invest in projects that earnselect their cost of capital. so, the cost of capital is often referred to as the -select -select and accruals, which a se spontaneously we hted average cost of capital wa c our concern is with capital that must be provided by select- ě¤ interest-bearing debt preferred stock and common equity. capital budgeting projects are undertaken, are not included as part of total invested capital because they do not come directly from investors. which of the following would be included in the caculation of total invested capital? choose the response that is most correct a. notes payable b. taxes payable c retained earnings d. responses a and c would be included in the calculation of total invested capital. e. none of the above would be included in the cakulation of total invested capital.
Answers: 2
Business, 22.06.2019 03:30
Joe finally found a house for sale that he liked. which factor could increase the price of the house he likes? a. both he and the seller each have a real estate agent. b. a home inspector finds faulty wiring in the house. c. the house has been for sale for almost a year. d. several buyers all want that same house.
Answers: 2
Business, 22.06.2019 11:00
Consider an economy where government expenditures are 10 and total tax revenues are 10. the supply of labor is fixed at 125 and the supply of capital is fixed at 8. the economy is described by the following equations. y k to the power of 1 divided by 3 end exponent l to the power of 2 divided by 3 end exponent c 2.5 + 0.75 ( y - t ) i 10 - 0.5 r the level of private savings is
Answers: 1
Business, 22.06.2019 13:10
The textbook defines ethics as âthe principles of conduct governing an individual or a group,â and specifically as the standards one uses to decide what their conduct should be. to what extent do you believe that what happened at bp (british petrolium) is as much a breakdown in the companyâs ethical systems as it is in its safety systems, and how would you defend your conclusion?
Answers: 2
The accountant for the firm owned by randy guttery prepares financial statements at the end of each...
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