Ali Co. uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and generaljournal. Prepare a cash receipts journal like the one in Exhibit 7.7. Journalize the following transactionsthat should be recorded in the cash receipts journal. Nov. 3 The company purchased $3,200 of merchandise on credit from Hart Co., terms n/20.7 The company sold merchandise costing $840 to J. Than for $1,000 on credit, subject to a $20sales discount if paid by the end of the month.9 The company borrowed $3,750 cash by signing a note payable to the bank.13 J. Ali, the owner, contributed $5,000 cash to the company.18 The company sold merchandise costing $250 to B. Cox for $330 cash.22 The company paid Hart Co. $3,200 cash for the merchandise purchased on November 3.27 The company received $980 cash from J. Than in payment of the November 7 purchase.30 The company paid salaries of $1,650 in cash.

Alyeska services company, a division of a major oil company, provides various services to the operators of the north slope oil field in alaska. data concerning the most recent year appear below: sales $18,000,000 net operating income $6,300,000 average operating assets $35,200,000 1. compute the margin for alyeska services company. (round your answer to 2 decimal places.) 2. compute the turnover for alyeska services company. (round your answer to 2 decimal places.) 3. compute the return on investment (roi) for alyeska services company. (round your intermediate calculations and final answer to 2 decimal places.)

Which of the following statements is correct? large corporations are taxed more favorably than sole proprietorships. corporate stockholders are exposed to unlimited liability. due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u.s. businesses (in terms of number of businesses) are organized as corporations. most businesses (by number and total dollar sales) are organized as partnerships or proprietorships because it is easier to set up and operate in one of these forms rather than as a corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, mainly because corporations have important tax advantages over proprietorships and partnerships. most business (measured by dollar sales) is conducted by corporations in spite of large corporations’ often less favorable tax treatment, due to legal considerations related to ownership transfers and limited liability.

Which ranks these careers that employers are most likely to hire from the least to the greatest?