Chapter 02 - Investing and Financing Decisions and the Accounting System HANDOUT 2 – 1 SOLUTION‚ continued ANALYZING TRANSACTIONS Analyze each of the following transactions of World Wide Webster by performing each of the following. Then‚ use the chart on the following page to keep track of the amount in each account: (a) Stockholder invests $10‚000 into the business in exchange for 10‚000 shares of $1 par value common stock. 1. Decide if a transaction took place. Yes – received cash and gave stock
Premium Liability Balance sheet Asset
world;" (Leitch 824) said the Victorian poet and critic Matthew Arnold. Matthew Arnold‚ an English poet and critic whose work was both a representative of the Romantic ideas and of the Victorian intellectual concerns later on was the primary literary critic of his age. Arnold’s critical theories is highlighted mainly through his most important critical prose "The Function of Criticism at the Present Time" in which he examines the role of the critic in society and presents his critical concept. Arnold’s
Premium Literary criticism Literature Literary theory
capital) = 600000(1-.40)–(9000000*.10) = -540000 3. Kwok Enterprises has the following income statement. Sales $2‚250 Costs 1‚400 Depreciation 250 EBIT $ 600 Interest expense 70 EBT $ 530 Taxes (40%) 212 Net income $ 318 What is the firm’s after-tax operating income? = EBIT (1-T) = 600(1-.40) = 360 4. Wu Systems has the following balance sheet. How much net operating working capital does the firm have? Cash $ 100 Accounts payable $ 200 Accounts
Premium Generally Accepted Accounting Principles Balance sheet
hrs in work day = 1108 wet bbls per day 2. The dryer unit can process 600 bbls wet cranberries per day Looking at the process we know that there is a bottleneck at Drying unit: I. The capacity of the drying unit is 600 bbl /hr which is much lower than the required 1108 wet bbl/day we need. II. On an average day a total of 10‚000 bbl is received out of which 7‚000 bbl is wet. At an average processing rate of 600 bbl /hr it will take 11.67 hours to process. Assuming normal working day of
Premium Working time Time
Chapter 5: Question 3: Suppose that two units of X and eight units of Y give a consumer the same utility as four units of X and two units of Y. Over this range: a. If the consumer obtains one more unit of X‚ how many units of Y must be given up in order to keep utility constant ∆Y∆X=2-84-2= - 62= -3 ~ Utility unchanged‚ if consumer exchanges 3 units of Y for 1 unit of X. b. If the consumer obtains one more unit of Y‚ how many units of X must be given up in order to keep
Premium Consumer theory
Accounts Receivable Teaching Revenue Photo Supplies Cash Salaries Expense Cash Retained Earnings (Dividend) Cash 100 250 625 50 600 50 3‚000 500 1‚250 800 500 100 250 625 50 600 50 3‚500 1‚250 800 500 Question (2) GENERAL JOURNAL Date Account Title and Explanation Debit Credit Nov. 30 Advertising Supplies Expense
Premium Balance sheet Generally Accepted Accounting Principles Liability
E-OPS Games Post-Simulation Report * Your best overall profit and performance ratio; First try : my best Overal profit after 1 hours 48 minutes 53 seconds of game was 1 540 068 $ and I got a ratio of 131. Not happy with my first try and realising that I made some mistake‚ I try a second time and my overall profit after 2 hours 41 minutes and 29 seconds was 3 121 853 $ and I got a ratio of 179. After finishing this Post simulation report‚ I try a third and last time and in 9 minutes
Premium English-language films Ratio Inventory
supplies. 20 Paid $2‚000 cash for employee salaries. 21 Collected $1‚600 cash from customers billed on July 12. 25 Billed customers $2‚500 for cleaning services. 31 Paid $290 for maintenance of the truck during month. 31 Declared and paid $600 cash dividend. The chart of accounts for Pro Window Washing contains the following accounts: Cash‚ Accounts Receivable‚ Supplies‚ Prepaid Insurance‚ Equipment‚ Accumulated Depreciation— Equipment‚ Accounts Payable‚ Salaries and Wages Payable‚ Common
Premium Generally Accepted Accounting Principles Balance sheet Liability
intellectual person. The article encourages teachers help students read critics. Students can benefit from critics become literary people and enjoy reading literature. Gerald Graff came from a Jewish middle-class family. His father was an intellectual person. Mr. Graff was disappointed because his son didn’t read literature. Graff knows what it is like to not understand literary works. While most people think reading comments from critics will contaminate the article because students may read with prejudice
Premium Literature Fiction Writing
the Senate has been a point of contention for a long time‚ with historians such as Syme arguing that the senate was increased to around 600 members‚ double its capacity. This is a very popular argument as Appian himself says how the senate was increased by 300 members‚ and with the usual membership at a normal time being 300‚ that would bring the total up to 600. It is theorised that Sulla also incorporated young men who did not have the political experience necessary and did not meet the minimum
Premium Roman Republic Ancient Rome Julius Caesar