Business, 05.05.2020 17:36 reynellemt

Jing Company was started on January 1, Year 1 when it issued common stock for $37,000 cash. Also, on January 1, Year 1 the company purchased office equipment that cost $16,100 cash. The equipment was delivered under terms FOB shipping point, and transportation cost was $2,200. The equipment had a five-year useful life and a $5,900 expected salvage value. Assume that Jing Company earned $24,600 cash revenue and incurred $15,500 in cash expenses in Year 3. Using straight-line depreciation and assuming that the office equipment was sold on December 31, Year 3 for $9,800, the amount of net income or (loss) appearing on the December 31, Year 3 income statement would be:

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 13:00

Ronald works for a small biotech firm. when the firm presents the results of its clinical trials to the fda, ronald realizes that the results are not accurate. he reports this to the fda. ronald is a(n)

Answers: 3

Answer

Business, 21.06.2019 18:10

Classifying inflows and outflows of cash classify each of the following items as an inflow (i) or an outflow (o) of cash, or as neither (n). lg 2 lg 2 item change ($) item change ($) cash +100 accounts receivable −700 accounts payable −1,000 net profits +600 notes payable +500 depreciation +100 long-term debt −2,000 repurchase of stock +600 inventory +200 cash dividends +800 fixed assets +400 sale of stock +1,000

Answers: 1

Answer

Business, 21.06.2019 21:40

The economic advisor of a large tire store proposes the demand function d(p)equalsstartfraction 1900 over p minus 40 endfraction , where d(p) is the number of tires of one brand and size that can be sold in one day at price p. answer parts (a) through (e) below. a. recalling that the demand must be positive, what is the domain of this function? the domain consists of all possible values of ▼ for which ▼ p d(p) ▼ does not exist. is positive. is zero. is negative. exists.

Answers: 3

Answer

Business, 22.06.2019 11:30

You've arrived at the pecan shellers conference—your first networking opportunity. naturally, you're feeling nervous, but to avoid seeming insecure or uncertain, you've decided to a. speak a little louder than you would normally. b. talk on your cell phone as you walk around. c. hold an empowered image of yourself in your mind. d. square your shoulders before entering the room.

Answers: 2

Answer

You know the right answer?

Jing Company was started on January 1, Year 1 when it issued common stock for $37,000 cash. Also, on...

Questions