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Prepare general journal entries for the following transactions of a new business called Pose for Pics. Aug. 1 Hashim Paris, the owner, invested $7,500 cash and $32,500 of photography equipment in the business. 1 Paid $3,000 cash for an insurance policy covering the next 24 months. 5 Purchased office supplies for $1,400 cash. 20 Received $2,650 cash in photography fees earned. 31 Paid $875 cash for August utilities.
division a of smith company has the capacity for making 3000 motors per month and regularly sells 1950 motors each
Compute the overall effect of these transactions on the company's reported income for 2009. Is reported net income overstated or understated?
what are some of the ways in which the knowledgetechnological revolution have changed the major social institutions we
an increase in the accounts receivable account of a company from 40000 at the beginning of the year to 60000 at the end
in a chlorine-fluxing installation in a large aluminum company engineers are considering the replacement of existing
The machine has a 5 year useful and has a salvage value of $3,000. The new machine will generate $8,000 in additional sales each year. Bob has a hurdle rate of 10%.
Mark Hancock is a self employed attorney who operates his law practice as an unincorporated sole proprietorship. In 2010, the IRS disallowed several business deductions he took in 2007 and 2008. In addition to paying the deficiency and assessed pe..
For Warren Corporation, year-end plan assets were $2,000,000. At the beginning of the year assets were $1,780,000. During the year, contributions to the pension fund were $120,000, and benefits paid were $200,000. Compute Warren's actual return on..
What is a firm's weighted-average cost of capital if the stock has a beta of 1.45. Treasury bills yield 5%, and market portfolio offers an expected return of 14%? In addition to equity, the firm finances 30% of its assets with debt that has a yiel..
Determine the payback period and unadjusted rate of return (use average investment) for each alternative. Indicate which investment alternative you would recommend. Explain your choice.
write a 350-word response regarding the differences between the direct and indirect presentation of cash flows. why
which of the following is not true of the terms debit and credit? they can be interpreted to mean left and right. they
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