Business, 06.04.2020 23:22 109077

Mary Martin, the owner of Martin Consulting, started the business by investing $47,000 cash. Identify the general journal entry below that Martin Consulting will make to record the transaction.

a.
Cash 48,000
Increased Equity 48,000

b.
Investments 48,000
Cash 48,000

c.
Cash 48,000
Common stock 48,000

d.
Common stock 48,000
Cash 48,000

e.
Investments 48,000
Common stock 48,000

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 01:30

Ben collins plans to buy a house for $166,000. if the real estate in his area is expected to increase in value by 2 percent each year, what will its approximate value be five years from now?

Answers: 1

Answer

Business, 22.06.2019 10:00

Your uncle is considering investing in a new company that will produce high quality stereo speakers. the sales price would be set at 1.5 times the variable cost per unit; the variable cost per unit is estimated to be $75.00; and fixed costs are estimated at $1,200,000. what sales volume would be required to break even, i.e., to have ebit = zero?

Answers: 1

Answer

Business, 22.06.2019 14:30

United continental holdings, inc., (ual), operates passenger service throughout the world. the following data (in millions) were adapted from a recent financial statement of united. sales (revenue) $38,901 average property, plant, and equipment 17,219 average intangible assets 8,883 1. compute the asset turnover. round your answer to two decimal places.

Answers: 2

Answer

Business, 22.06.2019 23:10

Asemiprofessional baseball team near your town plays two home games each month at the local baseball park. they split the concessions 50/50 with the city, but keep revenue from ticket sales for themselves. the city charges the team $100 each month for the three-month season. the team pays the players and manager a total of $1,000 a month. the team charges $10 for each ticket, and the average customer spends $7 at the concession stand. attendance averages 30 people at each home game.in order to break even, how many tickets does the team need to sell for each game? a. 33b. 37c. 41e. 49f. 244

Answers: 1

Answer

You know the right answer?

Mary Martin, the owner of Martin Consulting, started the business by investing $47,000 cash. Identif...

Questions