Business, 18.02.2021 21:30 kathrynway2715
Akizuki started a new business called Fall Moon Ultimate. Fall Moon buys and sells premium Ultimate Frisbee clothes and gear. All purchases and sales are made on credit. Fall Moon uses the perpetual inventory system and the 3-way match. Below is a partial list of events for the company. Analyze the three events below and for each state which accounts get debited, which accounts get credited, which special journal are they recorded in and which subsidiary ledgers get updated from the transactions.. October 15, Shipped and billed (Sold) 500 Jerseys to Hanks Sports, Inc. for $7,500. Invoice number 200 was prepared. The discs cost Fall Moon $5,000. October 17, Received $2,000 from Dog Town Discs for goods that were shipped and invoiced the prior month. October 20, Received an invoice for $3,000 from Three Dogs for inventory and performed the 3-way match. The inventory was ordered on September 20 and received on October 20. Account Account Special Subsidiary Debited Credited Journal Ledger 1. 2. 3. In the space below, please answer transactions 1, 2, and 3, stating the accounts debited, accounts credited, which special journal is used, and which subsidiary ledgers are updated. You can copy the headers above.
Answers: 2
Business, 22.06.2019 21:00
Which of the following statements is correct? stockholders should generally be happier than bondholders to have managers invest in risky projects with high potential returns as opposed to safe projects with lower expected returns. potential conflicts between stockholders and bondholders are increased if a firm's bonds are convertible into its common stock. takeovers are most likely to be attempted if the target firm’s stock price is above its intrinsic value. one advantage of operating a business as a corporation is that stockholders can deduct their pro rata share of the taxes the firm pays, thereby eliminating the double taxation investors would face in a partnership.
Answers: 1
Business, 22.06.2019 23:00
Abeverage company puts game pieces under the caps of its drinks and claims that one in six game pieces wins a prize. the official rules of the contest state that the odds of winning a prize are is the claim "one in six game pieces wins a prize" correct? why or why not? 1: 6.
Answers: 1
Business, 23.06.2019 10:00
Governments sometimes erect barriers to trade other than tariffs and quotas. which of the following is not an example of this type of trade barrier? a. a requirement that the employees of domestic firms that engage in foreign trade pay income taxes b. restrictions on imports for national security reasons c. a requirement that imports meet health and safety requirements d. a requirement that the u.s. government buy military uniforms only from u.s. manufacturers
Answers: 2
Business, 23.06.2019 14:30
Anew japanese restaurant opens two blocks from your home. the owner, reiko, is a personal friend of yours. you don't particularly like japanese food, but you decide to go anyway; however, there is nothing on the menu that sounds appealing. unfortunately, it turns out that most of the people in your town don't like japanese cuisine either. reiko confides that business is not good, but she isn't sure what to do from an economic standpoint. which of the following would most likely describe adam smith's perspective on this problem? select one: a. reiko should ask the government for assistance. b. reiko should close the restaurant and find a different career. c. reiko should lay off workers and do everything herself to save money. d. reiko should add other foods to the menu and offer discounts to attract more people to her restaurant.
Answers: 1
Akizuki started a new business called Fall Moon Ultimate. Fall Moon buys and sells premium Ultimate...
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