Business, 27.10.2020 01:10 aleyshamar14p95561

Sweet Catering completed the following selected transactions during May 2016: May 1: Prepaid rent for three months, $2,100 May 5: Received and paid electricity bill, $70 • May 9: Received cash for meals served to customers, $3,410 May 14: Paid cash for kitchen equipment, $3,790 May 23: Served a banquet on account, $2,870 May 31: Made the adjusting entry for rent (from May 1). May 31: Accrued salary expense, $300 May 31: Recorded depreciation for May on kitchen equipment, $270 O If Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have recorded for the month of May? If there parentheses or a negative sign.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 09:30

When you hire an independent contractor you don't have to pay the contractors what

Answers: 3

Answer

Business, 22.06.2019 12:10

Bonds often pay a coupon twice a year. for the valuation of bonds that make semiannual payments, the number of periods doubles, whereas the amount of cash flow decreases by half. using the values of cash flows and number of periods, the valuation model is adjusted accordingly. assume that a $1,000,000 par value, semiannual coupon us treasury note with three years to maturity has a coupon rate of 3%. the yield to maturity (ytm) of the bond is 7.70%. using this information and ignoring the other costs involved, calculate the value of the treasury note:

Answers: 1

Answer

Business, 22.06.2019 19:40

Your father's employer was just acquired, and he was given a severance payment of $375,000, which he invested at a 7.5% annual rate. he now plans to retire, and he wants to withdraw $35,000 at the end of each year, starting at the end of this year. how many years will it take to exhaust his funds, i.e., run the account down to zero? a. 22.50 b. 23.63 c. 24.81 d. 26.05 e. 27.35

Answers: 2

Answer

Business, 22.06.2019 20:40

Aggart technologies is considering issuing new common stock and using the proceeds to reduce its outstanding debt. the stock issue would have no effect on total assets, the interest rate taggart pays, ebit, or the tax rate. which of the following is likely to occur if the company goes ahead with the stock issue? a. the roa will decline.b. taxable income will decline.c. the tax bill will increase.d. net income will decrease.e. the times-interest-earned ratio will decrease

Answers: 1

Answer

You know the right answer?

Sweet Catering completed the following selected transactions during May 2016: May 1: Prepaid rent fo...

Questions