This information relates to Bridgeport Real Estate Agency.
Oct. 1 Stockholders invest $ 33,380 in exchange for common stock of the corporation.
2 Hires an administrative assistant at an annual salary of $ 37,320.
3 Buys office furniture for $ 4,060, on account.
6 Sells a house and lot for E. C. Roads; commissions due from Roads, $10,630 (not paid by Roads at this time).
10 Receives cash of $240 as commission for acting as rental agent renting an apartment.
27 Pays $680 on account for the office furniture purchased on October 3.
30 Pays the administrative assistant $ 3,110 in salary for October.
Required:
Prepare the debit-credit analysis for each transaction.
Answers: 1
Business, 22.06.2019 15:00
Magic realm, inc., has developed a new fantasy board game. the company sold 15,000 games last year at a selling price of $20 per game. fixed expenses associated with the game total $182,000 per year, and variable expenses are $6 per game. production of the game is entrusted to a printing contractor. variable expenses consist mostly of payments to this contractor.required: 1-a. prepare a contribution format income statement for the game last year.1-b. compute the degree of operating leverage.2. management is confident that the company can sell 58,880 games next year (an increase of 12,880 games, or 28%, over last year). given this assumption: a. what is the expected percentage increase in net operating income for next year? b. what is the expected amount of net operating income for next year? (do not prepare an income statement; use the degree of operating leverage to compute your answer.)
Answers: 2
Business, 22.06.2019 16:10
The following are line items from the horizontal analysis of an income statement:increase/ (decrease) increase/ (decrease) 2017 2016 amount percent fees earned $120,000 $100,000 $20,000 20% wages expense 50,000 40,000 10,000 25 supplies expense 2,000 1,700 300 15 which of the items is stated incorrectly? a. fees earned b. supplies expense c. none of these choices are correct. d. wages expense
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Business, 22.06.2019 17:30
You should do all of the following before a job interview except
Answers: 2
Business, 23.06.2019 00:00
Which of the following statements is true about an atm card?
Answers: 1
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