On July 1, 2020, Buffalo Inc. made two sales.

1. It sold land having a fair value of $904,290 in exchange for a 4-year zero-interest-bearing promissory note in the face amount of $1,422,914. The land is carried on Buffalo's books at a cost of $591,300.
2. It rendered services in exchange for a 3%, 8-year promissory note having a face value of $408,830 (interest payable annually).

Buffalo Inc. recently had to pay 8% interest for money that it borrowed from British National Bank. The customers in these two transactions have credit ratings that require them to borrow money at 12% interest.

Required:
Record the two journal entries that should be recorded by Vaughn Inc. for the sales transactions above that took place on July 1, 2020.

Answers

Answer 1

Answer:

Journal 1

July 1

Note Receivable $1,422,914 (debit)

Profit and Loss $851,614 (credit)

Land $591,300 (credit)

Sale of land on credit

Journal 2

July 1

Note Receivable $861,394 (debit)

Service Revenue $861,394 (credit)

Rendered Services on credit

Explanation:

Journal 1

Sale of land on credit :

De-recognise the Land in Buffalo Inc. books at cost, Recognise the Assets of Note Receivable and a Profit from sale. Proceeds are measured at the future value

Future Value :

PV = $1,422,914

n = 4

pmt = $0

p/yr = 1

fv = ?

Using a financial calculator the future value is $1,422,914.

Journal 2

Rendered Services on credit :

Recognize the Assets of Note Receivable and Recognise the Revenue at the future value.

Future Value :

pv = - $408,830

n = 8

pmt = 3% × $408,830 = $12,264.90

i = 12%

p/yr = 1

fv = ?

Using a financial calculator, the future value is $861,394


Related Questions

The Pritzker Music Pavilion in downtown Chicago is a technologically sophisticated and uniquely designed performing arts venue that hosts live concerts attended by over half a million patrons a year. A group of local organizers, led by a prominent local businesswoman, would like to use the pavilion for a concert to benefit a non-profit, national network of investors and environmental organizations working with companies and investors to address sustainability challenges such as global climate change. If the pavilion management agrees to host the concert, the organizers will donate all profits to Ceres (or absorb any losses).

Based on the following revenue and cost information, the organizers would like answers to several questions.

1. There are three sources of revenue for the concert:
2. Tickets will be sold for $15.50 each.
3. A large multinational corporation headquartered in Chicago will donate $2.00 per ticket sold.
4. Each concert attendee is expected to spend an average of $17.00 for parking, food, and merchandise.
5. On the expense side, there are also three components:

A popular national group has agreed to perform at the concert. Normally, the group demands a significant fixed fee to perform, but to reduce the risk for the organizers, the group has agreed to perform for $6.00 per ticket sold. The organizers will pay several companies to operate the parking, food, and merchandise concessions. They will pay $21,000 plus 15% of all parking, food, and merchandise revenue. The organizers will pay the pavilion $85,000 plus $7.00 per person attending to cover its operating expenses (production, maintenance, advertising, etc.)

Required:
a. What is the estimated contribution margin per ticket sold for the benefit concert?
b. What are the estimated total fixed costs for the benefit concert?
c. What is the estimated profit from the benefit concert if 10,500 tickets are sold?
d. How many tickets must be sold in order for concert profit to be $100,000?
e. Assuming a tax rate of 31% on profits from the concert, what must dollar ticket sales be in order for after-tax concert profits to be $100,000?
f. Assume that the organizers can negotiate the fixed payment for the pavilion's operating expenses. If the organizers expect to sell 10,500 tickets, how much can they afford to pay and still earn a profit of $100,000 (ignore taxes)?

Answers

Answer:

a. What is the estimated contribution margin per ticket sold for the benefit concert?

contribution margin per ticket = ($15.50 + $2 + $17) - ($6 + $2.55 + $7) = $34.50 - $15.55 = $18.95

b. What are the estimated total fixed costs for the benefit concert?

total fixed costs = $21,000 + $85,000 = $106,000

c. What is the estimated profit from the benefit concert if 10,500 tickets are sold?

estimated profit = (10,500 x $18.95) - $106,000 = $92,975

d. How many tickets must be sold in order for concert profit to be $100,000?

number of tickets sold = ($106,000 + $100,000) / $18.95 = 10,870.71 ≈ 10,871 tickets sold

e. Assuming a tax rate of 31% on profits from the concert, what must dollar ticket sales be in order for after-tax concert profits to be $100,000?

$100,000 / (1 - 31%) = $144,927.54

number of tickets sold = ($106,000 + $144,927.54) / $18.95 = 13,241.56 ≈ 13,241.56 tickets sold

f. Assume that the organizers can negotiate the fixed payment for the pavilion's operating expenses. If the organizers expect to sell 10,500 tickets, how much can they afford to pay and still earn a profit of $100,000 (ignore taxes)?

contribution margin increases to $18.95 + $7 = $25.95

10,500 = ($21,000 + $100,000 + ?) / $25.95

$272,475 = $121,000 + ?

? = $151,475

you can pay up to $151,475 in fixed expenses to the pavilion

Wave Marine Products had sales revenue of $850,000 for the year-ended December 31, 2017.

a. December revenue totaled $120,000, and in addition, Big Wave collected sales tax of 5%. The tax amount will be sent to the state of Florida early in January.
b. On August 31, Big Wave signed a six-month, 4% note payable to purchase a boat costing $85,000. The note requires payment of principal and interest at maturity
c. On August 31 Big Wave received cash of S2,400 in advance for service revenue. This revenue will be earned evenly over six months.
d. Revenues of $850,000 were covered by Big Wave service warranty. At January 1, estimated warranty payable was $11,600. During the year, Big Wave recorded warranty expense of $34,000 and paid warranty claims of $34,800.
e. Big Wave owes $70,000 on a long-term note payable. At December 31, 12% interest for the year plus $35,000 of this principal are payable within one year.

Required:
For each item, indicate the account and the related amount to be reported as a current liability on the Big Wave Marine balance sheet at December 31.

Answers

Answer: Check explanation

Explanation:

a. Sales tax payable

Amount = $120,000 × 5%

= $120,000 × 0.05

= $6000

b. Notes payable, short term

Amount = $85000

Interest payable = $85000 × 4% × 4/12

= $1133.3

c. Unearned revenue

Amount: $2400 × 2/6

= $800

d. Accrued Warranty Payable

Amount = $11600 + $34000 - $34800

= $10800

e. Current portion of long term note payable

Amount = $35,000

Interest payable

Amount = $70000 × 12%

= $8400

a stock will pay dividend of $4 at the end of the year. it sells today for $104 and it its dividends are expected grow at a rate of 9%. what is the implied rate of return on this stock

Answers

Answer:

the implied rate of return on the stock is 14.80%

Explanation:

The computation of the implied rate of return is shown below:

The Rate of return is

= (Dividend at year 1  ÷  share price) + growth rate

= ( $6 ÷ 104) + 0.09

= 0.058 + 0.09

= 14.80%

We simply applied the above formula

And, the same is to be considered

hence, the implied rate of return on the stock is 14.80%

KW Steel Corp. uses the LIFO method of inventory valuation. Waretown Steel, KW’s major competitor, instead uses the FIFO method. The following are excerpts from each company’s 20X1 financial statements:

KW Steel Corp. Waretown Steel ($ in millions)
20X1 20X0 20X1 20X0
Balance sheet inventories $797.6 $692.7 $708.2 $688.6
LIFO reserve 378.0 334.9
Sales 4,284.8 4,029.7 3,584.2 3,355.8
Cost of goods sold 3,427.8 3,226.5 2,724.0 2,617.5

Required:
a. Compute each company’s 20X1 gross margin percentage and inventory turnover using cost of goods sold as reported by each company. Restate KW’s cost of goods sold and inventory balances to the FIFO basis. On the basis of its adjusted data, recompute KW’s gross margin percentage and inventory turnover.
b. Restate KW's cost of goods sold and inventory balances to the FIFO basis. On the basis of its adjusted data, re-compute KW's gross margin percentage and inventory turnover. Explain how the revised figures alter your earlier comparisons.

Answers

Answer:

KW Steel Corp. and Waretown Steel

LIFO and FIFO Inventory Valuation Methods:

a. Computation of each company's 20X1 gross margin percentage and inventory turnover:

                                         KW Steel Corp.           Waretown Steel

                                         ($ in millions)                ($ in millions)

                                        20X1         20X0           20X1         20X0

B/sheet inventories      $797.6      $692.7         $708.2      $688.6

LIFO reserve                   378.0        334.9

Sales                            4,284.8     4,029.7         3,584.2     3,355.8

Cost of goods sold     3,427.8     3,226.5         2,724.0      2,617.5

Gross margin               $857.0     $803.2          $860.0      $738.3

Gross margin %             20%                                24%

Average Inventory =  $745.15                         $698.4        

Inventory Turnover    4.6 ($3,427.8/$745.15)  3.9  ($2,724.0/$698.4)

b. Restatement of KW's cost of goods sold and inventory balances to FIFO:

                                     KW Steel Corp.           Waretown Steel

                                       ($ in millions)                ($ in millions)

                                     20X1         20X0           20X1         20X0

Sales                         4,284.8     4,029.7         3,584.2     3,355.8

Cost of goods sold $3,805.8  $3,561.40

Gross margin             $479.0     $468.3          $860.0      $738.3

Gross margin %           11.2%                                24%

Inventory Turnover    9.8 ($3,805.8/$388.75)  3.9  ($2,724.0/$698.4)

c. The performance of KW Steel worsened with the reinstatement of the LIFO reserves.  Before the reinstatement, KW Steel was running closely behind its competitor, Waretown Steel.  But after the reinstatement, Waretown gave KW Steel more gap in performance.  This reinstatement shows that when the performances of two companies are compared based on different criteria, the financial analyst will likely arrive at a wrong conclusion.

Explanation:

a) Data and Calculations:

                                         KW Steel Corp.           Waretown Steel

                                         ($ in millions)                ($ in millions)

                                        20X1         20X0           20X1         20X0

B/sheet inventories      $797.6      $692.7         $708.2      $688.6

LIFO reserve                   378.0        334.9

Sales                            4,284.8     4,029.7         3,584.2     3,355.8

Cost of goods sold     3,427.8     3,226.5         2,724.0      2,617.5

Gross margin               $857.0     $803.2          $860.0      $738.3

Gross margin %             20%                                24%

Average Inventory =  $745.15                         $698.4        

Inventory Turnover    4.6 ($3,427.8/$745.15)  3.9  ($2,724.0/$698.4)

c.

                                     KW Steel Corp.           Waretown Steel

                                       ($ in millions)                ($ in millions)

                                     20X1         20X0           20X1         20X0

B/sheet inventories   $797.6      $692.7         $708.2      $688.6

LIFO reserve                378.0        334.9

FIFO balance             $419.6      $357.8

Cost of goods sold  3,427.8     3,226.5         2,724.0      2,617.5

LIFO reserve               378.0        334.9

Average Inventory =  $745.15                         $698.4

New Average Invt.      388.75      

Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding Department:

Units:

Beginning Inventory: 30,000 units, 100% complete as to materials and 55% complete as to conversion.
Units started and completed: 120,000.
Units completed and transferred out: 150,000.
Ending Inventory: 32,500 units, 100% complete as to materials and 30% complete as to conversion.

Costs:
Costs in beginning Work in Process - Direct Materials: $48,000.
Costs in beginning Work in Process - Conversion: $53,850.
Costs incurred in February - Direct Materials: $328,050.
Costs incurred in February - Conversion: $604,150.

Required:
Calculate the cost per equivalent unit of materials.

Answers

Answer:

Cost per equivalent unit of material = $2.06

Explanation:

Total cost of material=  Cost of material in beginning WIP +  Cost of material incurred in February  

= $48,000 + $328,050

= $376,050

Equivalent units =  Number of units completed and transferred+  Ending inventory

= 150,000 units + 32,500 units

= 182,500 units

Cost per equivalent unit of material =  Total cost of direct material  / Equivalent units

= $376,050 / 182,500 units

= $2.06

What is the best application to chart the average temperature for the year?
PowerPoint
Access
Word
Excel

Answers

The first one PowerPoint
I think it might be excel

On December 15, 2013, Rigsby Sales Co. sold a tract of land that cost $3,600,000 for $4,500,000. Rigsby appropriately uses the installment sale method of accounting for this transaction. Terms called for a down payment of $500,000 with the balance in two equal annual installments payable on December 15, 2014, and December 15, 2015. Ignore interest charges. Rigsby has a December 31 year-end. In its December 31, 2013, balance sheet, Rigsby would report:

a. Realized gross profit of $100,000.
b. Deferred gross profit of $100,000.
c. Installment receivables (net) of $3,200,000.
d. Installment receivables (net) of $4,

Answers

Answer:

a. Realized gross profit of $100,000.

Explanation:

In 2013, Rigsby Sales Co would realize:

Gross profit percentage = ($4,500,000 - $3,600,000) /4,500,000

Gross profit percentage = 0.20

Gross profit percentage = 20%

Gross profit to be realized is

Gross profit = Installment received * Percentage of gross profit

Gross profit = $500,000*20%

Gross profit = $100,000

Swifty Company purchased equipment for $256,800 on October 1, 2020. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $12,000. Estimated production is 48,000 units and estimated working hours are 20,400. During 2020, Swifty uses the equipment for 600 hours and the equipment produces 1,000 units.

Required:
Compute depreciation expense under each of the following methods. Swifty is on a calendar-year basis ending December 31.

a. Straight-line method for 2020 $enter a dollar amount.
b. Activity method (units of output) for 2020 $enter a dollar amount.
c. Activity method (working hours) for 2020 $enter a dollar amount.
d. Sum-of-the-years'-digits method for 2022 $enter a dollar amount (e) Double-declining-balance method for 2021

Answers

Answer:

a.  Straight line method.

Depreciation per annum = ($ 256,800 - $12,000 ) / 8 = $ 30,600.

Depreciation for 2020 = $ 30,600 * ( 3 /12 ) = $ 7,650.

b. Units of output

Depreciation per unit = ( $ 256,800 - $ 12,000 ) / 48,000 = $ 5.1

Depreciation for 2020 = 1,000 * $ 5.1 = $ 5,100.

c. Working hours.

Depreciation per hours = ( $ 256,800 - $ 12,000 ) / 20,400 = $ 12

Depreciation for 2020 = 600 * $ 12 = $ 7,200.

D. Sum of digits method

Sum of years = 8 ( 8 +1 ) / 2 = 36.

Year - 1 used ( 3 / 12 = 0.25)

Year-2 used ( 12 / 12 = 1 )

Remaining ( 8 - 1 - 0.25 = 6.75)

Depreciation for 2022 = ($ 256,800 - $ 12,000 ) * ( 6.75 / 36 )

Depreciation for 2022 = $ 45,900.

e. Double declining balance

Depreciation rate = 200 / 8 = 25 %.

Depreciation for 2020 = $256,800 * 25 % * (3 /12)

Depreciation for 2020 = $16,050.  

Depreciation for 2021 = ( $256,800 - $ 16,050) * 25%

Depreciation for 2021 = $60,188.

The lease agreement specified quarterly payments of $6,500 beginning September 30, 2021, the beginning of the lease, and each quarter (December 31, March 31, and June 30) through June 30, 2024 (three-year lease term). The florist had the option to purchase the truck on September 29, 2023, for $13,000 when it was expected to have a residual value of $19,000. The estimated useful life of the truck is four years. Mid-South Auto Leasing’s quarterly interest rate for determining payments was 3% (approximately 12% annually). Mid-South paid $51,000 for the truck. Both companies use straight-line depreciation or amortization. Anything Grows’ incremental interest rate is 12%.

Required:
a. Calculate the amount of selling profit that Mid-South would recognize in this sales-type lease. (Be careful to note that, although payments occur on the last calendar day of each quarter, since the first payment was at the beginning of the lease, payments represent an annuity due.)
b. Prepare the appropriate entries for Anything Grows and Mid-South on September 30, 2021.
c. Prepare an amortization schedule(s) describing the pattern of interest expense for Anything Grows and interest revenue for Mid- South Auto Leasing over the lease term.
d. Prepare the appropriate entries for Anything Grows and Mid-South Auto Leasing on December 31, 2021.
e. Prepare the appropriate entries for Anything Grows and Mid-South on September 29, 2023, assuming the purchase option was exercised on that date.

Answers

Answer:

a) sales revenue     75,760

  cost of good sold 51,000

gross profit:             24,760

b)

LESSOR ENTRIES:

lease receivable  69,260 debit

cash                        6,500 debit

  sales revenue     75,760 credit

--to record sale on lease--

cost of good sold 51,000 debit

    Inventory            51,000 credit

--to record cost--

LESEE ENTRIES:

equipment 75,760 debit

 lease liability    69,260 credit

 cash                    6,500 credit

Lease Schedule:

[tex]\left[\begin{array}{cccccc}Time&Beg&Cuota&Interest&Amort&Ending\\0&75760&6500&&6500&69260\\1&69260&6500&2078&4422&64838\\2&64838&6500&1945&4555&60283\\3&60283&6500&1808&4692&55591\\4&55591&6500&1668&4832&50759\\5&50759&6500&1523&4977&45782\\6&45782&6500&1373&5127&40655\\7&40655&6500&1220&5280&35375\\8&35375&6500&1061&5439&29936\\9&29936&6500&898&5602&24334\\10&24334&6500&730&5770&18564\\11&18564&6500&557&5943&12621\\12&12621&13000&379&12621&0\\\end{array}\right][/tex]

December 31st, 2021  (1st payment)

LESEE ENTRIES:

lease liability        4,422 debit

interest expense 2,078 debit

     cash                     6,500 credit

--to record payment--

depreciation expense 3,547.5 debit

       acc depreciation      3,547.5 credit

--to record depreciation--

LESSOR ENTRIES:

cash 6,500 debit

     lease receivables  4,422 credit

    interest revenue    2,078 credit

e) option exercised:

LESEE ENTRIES:

lease liability       12,621 debit

interest expense     379 debit

     cash                     13,000 credit

--to record purchase option--

LESSOR ENTRIES:

cash 13,000 debit

     lease receivables  12,621  credit

    interest revenue         379 credit

--to record purchase option--

Explanation:

We solve for the present value of the lease:

Present Value of Annuity-due

[tex]C \times \frac{1-(1+r)^{-time} }{rate} = PV\\[/tex]

C $6,500

time 12

rate     0.03

[tex]6500 \times \frac{1-(1+0.03)^{-12} }{0.03} = PV\\[/tex]

PV $66,642.0567

+ 13,000 purchase option on June 2024:

PRESENT VALUE OF LUMP SUM

[tex]\frac{Maturity}{(1 + rate)^{time} } = PV[/tex]  

Maturity  13,000.00

time   12.00

rate  0.03

[tex]\frac{13000}{(1 + 0.03)^{12} } = PV[/tex]  

PV   9,117.94

Total lease receivables: 66,642.06 + 9,117.94 = 75,760

a) sales revenue     75,760

  cost of good sold 51,000

gross profit:             24,760

d) depreciation on equipment:

(75,760 - 19,000) / 4 year = 14,190 per year

we divide by four as only a quarter of the year past:

14,190 / 4 quarter = 3,547.5

It is the lesee which does the depreicaiton as the Truck possesion belong to it.

You are given the following information concerning Parrothead Enterprises:

Debt: 13,000 6.4 percent coupon bonds outstanding, with 15 years to maturity and a quoted price of 107. These bonds pay interest semiannually.
Common stock: 345,000 shares of common stock selling for $76.50 per share. The stock has a beta of .90 and will pay a dividend of $3.80 next year. The dividend is expected to grow by 5 percent per year indefinitely.
Preferred stock: 10,000 shares of 4.4 percent preferred stock selling at $86 per share.
Market: 11 percent expected return, risk-free rate of 3.6 percent, and a 22 percent tax rate.

Required:
Calculate the company's WACC.

Answers

Answer and Explanation:

Please find attached

Jay O'Brien LeBron new style is Coco fastest fighter ​

Answers

what is the question

Pharoah Inc. has decided to raise additional capital by issuing $173,000 facevalue of bonds with a coupon rate of 6%. In discussions with investment bankers, it was determined that to help the sale of thebonds, detachable stock warrants should be issued at the rate of one warrant for each $100 bond sold. The value of the bondswithout the warrants is considered to be $155,700, and the value of the warrants in the market is $20,760. The bonds sold in the market at issuance for $174,600.
A. What entry should be made at the time of the issuance of the bonds and warrants?
B. Prepare the entry if the warrants were non-detachable.

Answers

Answer:

A. Dr Cash 174,600

Dr Discount on bonds payable 18,941

Cr Bond Payable 173,000

Cr Paid-in Capital—Stock Warrants

20,541

B. Dr Cash 174,600

Cr Discount on bonds payable 1,600

Cr Bond Payable 173,000

Explanation:

A. Preparation of the Journal entries that should be made at the time of the issuance of the bonds and warrants

Dr Cash 174,600

Dr Discount on bonds payable 18,941

($173,000 - $154,059)

Cr Bond Payable 173,000

Cr Paid-in Capital—Stock Warrants

20,541

[(174,600+18,941)-173,000]

B. Preparation of the journal entry if the warrants were non-detachable Journal entries

Dr Cash 174,600

Cr Discount on bonds payable 1,600

(174,600-173,000)

Cr Bond Payable 173,000

Calculation for value assign to bonds

Value assign to bonds=(155,700/155,700+20,760)*174,600

Value assign to bonds=155,700/176,460*174,600

Value assign to bonds=154,059

Calculation for value assign to warrant

Value assign to warrant=(20,760/155,700+20,760)*174,600

Value assign to warrant=20,760/176,460*174,600

Value assign to warrant=20,541

According to the video, what are some things that Human Resources Managers do? Check all that apply.

oversee hiring and firing
purchase computers
distribute office supplies
develop training programs
develop personnel policies
develop pricing strategies
develop recruiting programs

Answers

Answer:

1 4 5 7

Explaination:

Answer:

1 4 5 7

Explanation:

You are invested in two hedge funds. The probability that hedge fund Alpha generates positive returns in any given year is 60%. The probability that hedge fund Omega generates positive returns in any given year is 70%. Assume the returns are independent. What is the probability that both funds generate positive returns in a given year? What is the probability that both funds lose money?

Answers

Answer:

42% and 12%

Explanation:

The computation is shown below:

For Alpha Fund

Positive return = 60%

Lose money is

= 1 - 0.60

= 40%

For Omega Fund

 Positive return = 70%

Lose money is

= 1 - 0.70

= 0.30

Also the returns are non-dependent

Now the positive return is

= 60% × 70

= 42%

And, the probability of lose money is

= 40% × 30%

= 12%

What are the limitations and risks of a marketing strategy that does not contemplate the responses of your competitors

Answers

Answer:

Throughout the clarification section following, the definition of the given query is explained.

Explanation:

Right, businesses face fierce competition through competitiveness throughout today's time, because it has become extremely necessary for organizations to develop a marketing campaign that makes companies contemplate consumer response.

After all, if any business marketing plan doesn't somehow anticipate competition reaction, then all these threats can occur:

Someone's brand sales should decline as consumers should choose the brand of their rivals. Your company's market position as well as business growth would decline as well as the brand's rivals will rise. Throughout the life cycle of the product, your company will hit the decline point. Your business's share price could decline.

The transactions of Spade Company:

a. Kacy Spade, owner, invested $16,750 cash in the company in exchange for common stock.
b. The company purchased office supplies for $486 cash.
c. The company purchased $9,263 of office equipment on credit.
d. The company received $1,977 cash as fees for services provided to a customer.
e. The company paid $9,263 cash to settle the payable for the office equipment purchased in transaction c.
f. The company billed a customer $3,551 as fees for services provided.
g. The company paid $520 cash for the monthly rent.
h. The company collected $1,491 cash as partial payment for the account receivable created in transaction f.
g. The company paid a $800 cash dividend to the owner (sole shareholder).

Required:
Prepare the Trial Balance. Use May 31 as its report date.

Answers

Answer:

Please see attached trial balance as requested.

Explanation:

Please find attached solved trial balance for Spade Company as at May 31.

Alysha Johnson is a manager who communicates effectively, successfully motivates and leads her workers, and allows them leeway in making decisions. Copeland is said to have good:

Answers

Answer: strategic techniques

Explanation:

Alysha Johnson is a manager who communicates effectively, successfully motivates and leads her workers, and allows them leeway in making decisions. Copeland is said to have good strategic techniques.

Strategic management techniques is necessary for organizations as it helps them plan and also implement projects in a.way that the company's mission and goals.will be achievable. Copeland is utilizing this technique well as he communicates with the workers so that company's goals can be achieved.

As of June 30, Year 1, the bank statement showed an ending balance of $17,616. The unadjusted Cash account balance was $16,893. The following information is available: 1. Deposit in transit, $2,785. 2. Credit memo in bank statement for interest earned in June, $10. 3. Outstanding check, $3,504. 4. Debit memo for service charge. $6. Required Determine the true cash balance by preparing a bank reconciliation as of June 30, Year 1, using the preceding information, (Negative amounts should be indicated with minus sign.)
Bank Reconciliation
Unadjusted bank balance 6/30/Year 1
True cash balance 6/30/Year 1
Unadjusted book balance 6/30/Year 1
True cash balance 6/30/Year 1

Answers

Answer:

cash account reconciliation:

cash account balance      $16,893

+ earned interest                     $10

- bank fees                               ($6)

reconciled cash account $16,897

bank account reconciliation:

bank account balance      $17,616

+ deposits in transit           $2,785

- outstanding check         ($3,504)

reconciled bank account $16,897

After the accounts have been reconciled, both must have the same balance. If not, then you must check your answer and recalculate until both match.

A company reports accounting data in its financial statements. This data is used for financial analyses that provide insights into a company's strengths, weaknesses, performance in specific areas, and trends in performance. These analyses are often used to compare a company's performance to that of Most decision makers and analysts use five groups of ratios to examine the different aspects of a company's performance.
Indicate whether each of the following statements regarding financial ratios are true or false?
Statement True False
1. A company exhibiting a high liquidity ratio means it is likely to have enough resources to pay off its short-term obligations
2. Asset management ratios provide insights into management's efficiency in using a firm's working capital and long-term assets.
3. Debt management or financial leverage ratios help analysts determine whether a company has sufficient cash to repay its short- term debt obligations.
4. One possible explanation for an increase in a firm's profitability ratios over a certain time span is that the company's income has increased
5. Market-value ratios help analysts figure out what investors and the markets think about the firm's growth prospects or current and future operational performance
Ratio analysis is an important component of evaluating company performance. It can provide great insights into how a company matches up against itself over time and against other players within the industry However, like many tools and techniques, ratio analysis has a few limitations and weaknesses Which of the following statements represent a weakness or limitation of ratio analysis?
a. A firm may operate in multiple industries.
b. A firm's financial statements show only one period of financial data.
c. Different firms may use different accounting practices.

Answers

Answer:

First Part

1. True

Liquidity ratios such as the Current ratio are used to show that a company can cover its short-term obligations.

2. True

Asset management ratios juxtapose a company's performance vs its long term assets and so provide insights into management's efficiency.

3. False

Debt management ratios show how much of the company is funded by total debt not whether it has sufficient cash to repay its short- term debt obligations.

4. True

Profitability ratios take into account how much income is raised by a company so when this increases, the ratios will as well.

5. True

Market-Value ratios show the firm's value in the market which is a reflection of what investors and the markets think about the firm's growth prospects or current and future operational performance.

Second Part

The Weakness/ Limitations are;

a. A firm may operate in multiple industries.

Should this be the case, the company's performance in one sector cannot necessarily be compared to companies that operate in that single sector because it would not take into account the company's other sectors which may impact figures.

c. Different firms may use different accounting practices.

When different accounting practices are used, ratio analysis may not be a true indication of the situations in the company. For instance, a company using LIFO cannot be effectively compared to a company using FIFO when using ratio analysis.

Which factors influence changes in consumer demand? Check all that apply.
market share
elasticity
O international trade
O clearance sales
O income

Answers

Answer:

2,4, and 5

Explanation:

Answer:

elasticity

clearance

income

Explanation:

The following expenditures were incurred by Tamarisk, Inc. in purchasing land: cash price $74,000, accrued taxes $4,400, attorneys’ fees $4,300, real estate broker’s commission $1,500, and clearing and grading $3,600. What is the cost of the land?

Answers

Answer:

$87,800

Explanation:

The following expenditures were incurred by Tamerisk incorporation when purchasing a land

Cash price = $74,000

Accured taxes = $4,400

Attorneys fee= $4,300

Real estate brokers commission = $1,500

Clearing and grading = $3,600

Therefore the cost of the land can be calculated as follows

= $74,000 + $4,400 + $4,300 + $1,500 + $3,600

= $87,800

Hence the cost of the land is $87,800

Match the below mention description with given terms. If there is no match then write "No match"

a. This is the worth of the leased asset after the lease period expires.
b. This is a partial refund offered to attract the buyer to purchase the vehicle.
c. This is the price of an asset being leased as specified in the lease agreement, which includes the negotiated cost of the vehicle and any applicable fees and taxes.
d. This is the advertised retail price listed on a particular vehicle for sale.
e. This is a contract which allows the lessee (consumer) to use the asset, such as car, land, services etc., in return for a specific amount paid periodically.

1. Rebate
2. Purchase option
3. Lease
4. Depreciation
5. Closed-end lease

Answers

Answer:

1. No match.

2. Rebate.

3. No match.

4. No match.

5. Lease.

Explanation:

1. No match: This is the worth of the leased asset after the lease period expires.

The worth of the leased asset after the lease period expires is known as Residual value.

2. Rebate: This is a partial refund offered to attract the buyer to purchase the vehicle.

3. No match: This is the price of an asset being leased as specified in the lease agreement, which includes the negotiated cost of the vehicle and any applicable fees and taxes.

Capitalized cost refers to the price of an asset being leased as specified in the lease agreement, which includes the negotiated cost of the vehicle and any applicable fees and taxes.

4. No match: This is the advertised retail price listed on a particular vehicle for sale.

Sticker price is the advertised retail price listed on a particular vehicle for sale.

5. Lease: This is a contract which allows the lessee (consumer) to use the asset, such as car, land, services etc., in return for a specific amount paid periodically.

Gabi Gram started The Gram Co., a new business that began operations on May 1. The Gram Co. completed the following transactions during its first month of operations.

May 1 G. Gram invested $40,000 cash in the company in exchange for its common stock.
1 The company rented a furnished office and paid $2,200 cash for May’s rent.
3 The company purchased $1,890 of equipment on credit.
5 The company paid $750 cash for this month’s cleaning services.
8 The company provided consulting services for a client and immediately collected $5,400 cash.
12 The company provided $2,500 of consulting services for a client on credit.
15 The company paid $750 cash for an assistant’s salary for the first half of this month.
20 The company received $2,500 cash payment for the services provided on May 12.
22 The company provided $3,200 of consulting services on credit.
25 The company received $3,200 cash payment for the services provided on May 22.
26 The company paid $1,890 cash for the equipment purchased on May 3.
27 The company purchased $80 of equipment on credit.
28 The company paid $750 cash for an assistant’s salary for the second half of this month.
30 The company paid $300 cash for this month’s telephone bill.
30 The company paid $280 cash for this month’s utilities.
31 The company paid $1,400 cash in dividends to the owner (sole shareholder).

Required:
a. Determine the final total for each account and verify that the equation is in balance.
b. Prepare an Income Statement for May,
c. Prepare a statement of Owner's equity for May,
d. Prepare 31 Balance Sheet.
e. Prepare Cash flows for May.

Answers

Answer:

a) May 1 G. Gram invested $40,000 cash in the company in exchange for its common stock.

Dr Cash 40,000

    Cr Common stock 40,000

May 1 The company rented a furnished office and paid $2,200 cash for May’s rent.

Dr Rent expense 2,200

    Cr Cash 2,200

May 3 The company purchased $1,890 of equipment on credit.

Dr Equipment 1,890

    Cr Accounts payable 1,890

May 5 The company paid $750 cash for this month’s cleaning services.

Dr Cleaning expenses 750

    Cr Cash 750

May 8 The company provided consulting services for a client and immediately collected $5,400 cash.

Dr Cash 5,400

    Cr Service revenue 5,400

May 12 The company provided $2,500 of consulting services for a client on credit.

Dr Accounts receivable 2,500

    Cr Service revenue 2,500

May 15 The company paid $750 cash for an assistant’s salary for the first half of this month.

Dr Wages expense 750

    Cr Cash 750

May 20 The company received $2,500 cash payment for the services provided on May 12.

Dr Cash 2,500

    Cr Accounts receivable 2,500

May 22 The company provided $3,200 of consulting services on credit.

Dr Accounts receivable 3,200

    Cr Service revenue 3,200

May 25 The company received $3,200 cash payment for the services provided on May 22.

Dr Cash 3,200

    Cr Accounts receivable 3,200

May 26 The company paid $1,890 cash for the equipment purchased on May 3.

Dr Accounts payable 1,890

    Cr Cash 1,890

May 27 The company purchased $80 of equipment on credit.

Dr Equipment 80

    Cr Accounts payable 80

May 28 The company paid $750 cash for an assistant’s salary for the second half of this month.

Dr Wages expense 750

    Cr Cash 750

May 30 The company paid $300 cash for this month’s telephone bill.

Dr Telephone expense 300

    Cr Cash 300

May 30 The company paid $280 cash for this month’s utilities.

Dr Utilities expense 280

    Cr Cash 280

May 31 The company paid $1,400 cash in dividends to the owner (sole shareholder).

Dr Dividends 1,400

    Cr Cash 1,400

                                                 debit               credit

Cash                                        $42,780

Equipment                              $1,970

Accounts payable                                           $80

Common stock                                               $40,000

Service revenue                                             $11,100

Rent expense                         $2,200

Cleaning expenses                $750

Wages expense                     $1,500

Telephone expense               $300

Utilities expense                     $280

Dividends                                $1,400                          

totals                                        $51,180            $51,180

income statement

Service revenue                                             $11,100

Expenses:

Rent expense $2,200Cleaning expenses $750Wages expense $1,500Telephone expense $300Utilities expense $280                        ($5,030)

Net income                                                    $6,070

statement of owner's equity

Beginning balance                                               $0

Common stocks issued                             $40,000

Net income                                                   $6,070

Sub-total                                                     $46,070

Dividends                                                   ($1,400)

Ending balance                                          $44,670

balance sheet

Assets:

Cash $42,780

Equipment $1,970

Total assets                             $44,750

Liabilities and equity:

Accounts payable $80

Common stock $40,000

Retained earnings $4,670

Total liabilities and equity      $44,750

cash flow statement

Cash flows from operating activities:

Net income                                      $6,070

Increase in accounts payable             $80

net cash from operating activities  $6,150

Cash flows from financing activities:

Purchase of equipment                  ($1,970)

Cash flow from financing activities:

Common stocks issued               $40,000

Dividends paid                              ($1,400)

net cash fro financing activities  $38,600

net cash increase                        $42,780

beginning cash balance                 $0    

ending cash balance                  $42,780

a.1. The final total for each account is determined in the general ledger as follows:

Cash Account

Date   Account Titles                  Debit       Credit

May 1 Common Stock             $40,000

May 1 Rent Expense                                   $2,200

May 5 Cleaning Services Expense              $750

May 8 Consulting Fees            $5,400

May 15 Salaries Expense                             $750

May 20 Accounts Receivable $2,500

May 25 Accounts Receivable $3,200

May 26 Accounts Payable                       $1,890

May 28 Salaries Expense                          $750

May 30 Telephone Expense                     $300

May 30 Utilities                                          $280

May 31  Dividends                                   $1,400

May 31  Balance                                   $42,780

Totals                                     $51,100   $51,100

Accounts Receivable

Date   Account Titles                  Debit       Credit

May 12 Consulting Fees          $2,500

May 20 Cash                                             $2,500

May 22 Consulting Fees        $3,200

May 25 Cash                                            $3,200

Totals                                      $5,700      $5,700

Equipment

Date   Account Titles                  Debit       Credit

May 3 Accounts Payable          $1,890

May 27 Accounts Payable              80

May 31 Balance                                          $1,970

Totals                                        $1,970      $1,970

Common Stock

Date   Account Titles                  Debit       Credit

May 1 Cash                                              $40,000

Accounts Payable

Date   Account Titles                  Debit       Credit

May 3  Equipment                                     $1,890

May 26 Cash                              $1,890

May 27 Equipment                                        $80

May 31  Balance                             $80

Totals                                         $1,970    $1,970

Consulting Fees

Date   Account Titles                  Debit       Credit

May 8 Cash                                                $5,400

May 12 Accounts Receivable                   $2,500

May 22 Accounts Receivable                    3,200

May 31  Balance                        $11,100

Totals                                        $11,100    $11,100

Rent Expense

Date   Account Titles                  Debit       Credit

May 1  Cash                              $2,200

Cleaning Services Expenses

Date   Account Titles                  Debit       Credit

May 5 Cash                                 $750

Wages Expense

Date   Account Titles                  Debit       Credit

May 15 Cash                                $750

May 28 Cash                               $750

May 31  Balance                                        $1,500

Totals                                       $1,500     $1,500

Telephone Expenses

Date   Account Titles                  Debit       Credit

May 30 Cash                                $300

Utilities Expense

Date   Account Titles                  Debit       Credit

May 30 Cash                                $280

Dividends

Date   Account Titles                  Debit       Credit

May 31 Cash                              $1,400

a.2. The determination that the equation is in balance is established through the Trial Balance as follows:

Date   Account Titles                  Debit       Credit

Cash                                         $42,780

Common stock                                         $40,000

Equipment                                 $1,970

Accounts payable                                           $80

Consulting fees                                          $11,100

Rent expense                         $2,200

Cleaning expenses                   $750

Wages expense                     $1,500

Telephone expense                $300

Utilities expense                      $280

Dividends                              $1,400

Totals                                   $51,180     $51,180

b. The preparation of the income statement is as follows:

The Gram Co.

Income Statement

For the month ended May 31

Service revenue                     $11,100

Expenses:

Rent expense          $2,200

Cleaning expenses    $750

Wages expense      $1,500

Telephone expense $300

Utilities expense       $280 ($5,030)

Net income                          $6,070

c. The preparation of the statement of owner's equity is as follows:

The Gram Co.

Statement of Owner's Equity

As of May 31

Common stocks issued $40,000

Net income                       $6,070

Dividends                        ($1,400)

Ending balance           $44,670

d. The preparation of the Balance Sheet is as follows:

The Gram Co.

Balance Sheet

As of May 31

Assets:

Cash                        $42,780

Equipment                 $1,970

Total assets            $44,750

Liabilities and equity:

Accounts payable        $80

Equity:

Common stock    $40,000

Retained earnings $4,670

Total equity         $44,670

Total liabilities and

owner's equity   $44,750

e. The preparation of the Statement of Cash Flows is as follows:

The Gram Co.

Statement of Cash Flows

Operating activities:

Net income                          $6,070

Increase in accounts payable $80

Net operating cash             $6,150

Investing activities:

Purchase of equipment    ($1,970)

Financing activities:

Common stocks issued $40,000

Dividends paid                 ($1,400)

Net financing cash        $38,600

Net cash flows              $42,780

Reconciliation:

Beginning cash balance        $0

Net cash flows              $42,780

Ending cash balance   $42,780

Data Analysis:

May 1 Cash $40,000 Common Stock $40,000

May 1 Rent Expense $2,200 Cash $2,200

May 3 Equipment $1,890 Accounts Payable $1,890

May 5 Cleaning Services Expense $750 Cash $750

May 8 Cash $5,400 Consulting Fees $5,400

May 12 Accounts Receivable $2,500 Consulting Fees $2,500

May 15 Salaries Expense $750 Cash $750

May 20 Cash $2,500 Accounts Receivable $2,500

May 22 Accounts Receivable $3,200 Consulting Fees $3,200

May 25 Cash $3,200 Accounts Receivable $3,200

May 26 Accounts Payable $1,890 Cash $1,890

May 27 Equipment $80 Accounts Payable $80

May 28 Salaries Expense $750 Cash $750

May 30 Utilities (Telephone) $300 Cash $300

May 30 Utilities $280 Cash $280

May 31 Dividends $1,400 Cash $1,400

Learn more about preparing financial statements at https://brainly.in/question/33221066

Maria Boyd has been hired by Barnum Hotels to manage staffing for the regional hotel chain. Barnum intends to open two new hotels within the next three years and will have many job positions to fill. Historically, employee turnover is high at Barnum as employees remain with the company for one or two years before quitting. Maria realizes that Barnum needs to make significant changes in its personnel strategy in order to meet the company's goals for the future and improve employee retention rates. All of the following questions are relevant to Mari's decision to fill top positions at the new hotels with internal candidates EXCEPT::_______

a. What are the key managerial positions that are available at the new hotels?
b. What percentage of employers in the service industry use succession planning?
c. What skills, education, and training have been provided to potential candidates?
d. What is the designated procedure for assessing and selecting potential candidates?

Answers

Answer:

b. What percentage of employers in the service industry use succession planning?

Explanation:

The answer choice number B would not be relevant for Maria Boyd strategy. Succession planning is related to the passing of ownership of the business. and Maria is not in charge of devising ownership schemes, but in charge of implementing a corporate policy in order to improve employee retetion, and reduce in this way, employee turnover.

Answer:

b. What percentage of employers in the service industry use succession planning

Explanation:

GOT IT RIGHT ON TEST 2020

Your firm has taken out a 521,000 loan with 8.6% APR (compounded monthly) for some commercial property. As is common in commercial real estate, the loan is a 5-year loan based on a 15-year amortization. This means that your loan payments will be calculated as if you will take 15 years to pay off the loan, but you actually must do so in 5 years. To do this, you will make 59 equal payments based on the 15-year amortization schedule and then make a final 60th payment to pay the remaining balance.
A. What will your monthly payments be?
B. What will your final payment be?

Answers

Answer:

A. What will your monthly payments be?

$5,161.08

B. What will your final payment be?

$419,650

Explanation:

loan = $521,000

interest rate = 8.6% compounded monthly

loan schedule = 15 years

monthly payment = loan amount / PV annuity factor, 0.7167%, 180 periods* = $521,000 / 100.94786 = $5,161.08

No annuity table will give you the annuity factor for 0.7167%, so you must search for an annuity calculator on the web.

Then I prepared an amortization schedule to determine the balance after the 59th payment (attached file). The balance after the 59th payment is $416,649 + $3,001 in interests = $419,650.

Which example is not an advantage of b entrepreneurship’s

Answers

Share cropping is the correct answer on edg2020

The Sisyphean Company has a bond outstanding with a face value of $1000 that reaches maturity in 5 years. The bond certificate indicates that the stated coupon rate for this bond is 10.0% and that the coupon payments are to be made semiannually. Assuming the appropriate YTM on the Sisyphean bond is 7.5%, then this bond will trade at ________.

Answers

Answer:

$1,513.30

Explanation:

The Trading  price of the Bond is it Present Value (PV) and is calculated as :

Fv = $1000

n = 5 × 2 = 10

pmt = ($1000 × 10.0%) ÷ 2 = $100

p/yr = 2

i = 7.5%

Pv = ?

Using a Financial Calculator, the Price of the Bond (PV) is $1,513.30.

Eulis Co. has identified an investment project with the following cash flows. YearCash Flow 1 $1,130 2 1,000 3 1,510 4 1,870 If the discount rate is 9 percent, what is the present value of these cash flows

Answers

Answer:

Total present value= $4,369.14

Explanation:

Giving the following information:

Year Cash Flow

1 $1,130

2 $1,000

3 $1,510

4 $1,870

Discount rate= 9%

To calculate the present value, we need to use the following formula on each cash flow:

PV= Cf/(1+i)^n

PV1= 1,130/1.09= 1,036.70

PV2= 1,000/1.09^2= 841.68

PV3= 1,510/1.09^3= 1,166

PV4= 1,870/1.09^4= 1,324.76

Total present value= $4,369.14

On September 1, 2019, Fast Track, Inc., was started with $25,000 invested by the owners as contributed capital. On September 30, 2019, the accounting records contained the following amounts:
Unearned revenue $ 500
Accounts payable 2,200
Prepaid expenses $ 1,000
Dividends declared 2,300
Accounts receivable 2,200
Office equipment 20,000
Accumulated depreciation 500
Office supplies 1,750
Cash 9,500
Office supplies expense 600
Consulting fees revenue 19,200
Rent expense 2,400
Contributed capital 25,000
Salary expense 6,900
Depreciation expense 500
Telephone expense 250
Required:
Prepare a classified income statement, a statement of retained earnings and a classified balance sheet for the first month of Fast Track’s operation.

Answers

Answer:

Fast Track, Inc.

Income Statement

For the year ended December 31, 2019

Revenues:

Consulting fees revenue                              $19,200

Expenses:

Office supplies expense $600 Rent expense $2,400 Salary expense $6,900 Depreciation expense $500 Telephone expense $250                 ($10,650)

Net income                                                    $8,550

Fast Track, Inc.

Statement of Retained Earnings

For the year ended December 31, 2019

Beginning balance September 1, 2019      $0

Net income                                               $8,550

Subtotal                                                    $8,550

Dividends                                                ($2,300)

Ending balance December 31, 2019       $6,250

Fast Track, Inc.

Balance Sheet

For the year ended December 31, 2019

                             ASSETS

Current assets

Cash $9,500

Accounts receivable $2,200

Office supplies $1,750

Prepaid expenses $1,000

Total current assets                            $14,450

Property, plant and equipment

Office equipment $20,000

Accumulated depreciation ($500)

Total P, P & E                                        $19,500

Total assets                                                             $33,950

              LIABILITIES AND EQUITY

Current liabilities

Unearned revenue $500

Accounts payable $2,200

Total liabilities                                         $2,700

Equity

Common stock $25,000

Retained earnings $6,250

Total equity                                            $31,250

Total liabilities + equity                                             $33,950

On January 1, Merry Walker established a catering service. Listed below are accounts to use for transactions (a) through (f), each identified by a number. Following are the transactions that occurred in Walker's first month of operations. You need to indicate for each transaction the accounts that should be debited and credited by selecting the account number(s).

1. Cash
2. Accounts Receivable
3. Supplies
4. Prepaid Insurance
5. Equipment
6. Truck
7. Notes Payable
8. Accounts Payable
9. Merry Walker, Capital
10. Merry Walker, Drawing
11. Fees Earned
12. Wages Expense
13. Rent Expense
14. Utilities Expense
15. Truck Expense
16. Miscellaneous Expense
17. Insurance Expense

Answers

Answer:

a. Recorded jobs completed on account and sent Invoices to customers.

Account to be Debited ⇒ 2. Accounts Receivable

Account to be Credited ⇒ 11. Fees Earned

The fees are to be credited as it is revenue. The amount will be debited to Accounts receivables because the customers owe the company.

b. Received an invoice for truck expense to be paid in February.

Account to be Debited ⇒ 15. Truck Expense

Account to be Credited ⇒ 8. Accounts Payable

This is an expense so it is debited as expenses are debited when they increase. As it is to be paid in future, it is a liability and will be credited to Payables.

c. Paid utilities expense

Account to be Debited ⇒ 14. Utilities Expense

Account to be Credited ⇒ 1. Cash

As explained, this is an expense and will have to be debited. It was paid with cash which will reduce the cash balance so Cash should be credited.

d.  Received cash from customers on account

Account to be Debited ⇒ 1. Cash

Account to be Credited ⇒ 2. Accounts Receivable

Debtors are paying the company cash which will increase the cash balance so Cash is debited. The Receivables will be credited to reflect that they are decreasing from the debt settlement.

e. Paid Employees Wages

Account to be Debited ⇒ 12. Wages Expense

Account to be Credited ⇒ 1. Cash

As explained, this is an expense and will have to be debited. It was paid with cash which will reduce the cash balance so Cash should be credited.

f. Withdrew cash for personal use.

Account to be Debited ⇒ 10. Merry Walker, Drawing

Account to be Credited ⇒ 1. Cash

The owner withdrew cash for personal use and so this is sent to the Drawings account. It is debited to reflect that it is reducing capital. Cash will be credited as it is decreasing.

Other Questions
When employees understand the rationale and process, they are much more likely to implement the cleaning program.FalseTrue The Birth-Time of the Gods" begins with a description of a universe in which "The earth and the waters, the light and the darkness... were intermingled in a vaporous liquid." Which evidence from the text best explains how the gods came to exist? OThe first deity sprang from an immense bulrush-bud, which rose, spear-like, in the midst of the boundless disorder." O"From this time their kingdom was divided from the lower world where chaos still prevailed" OTo the fourth pair of gods it was given to create the earth. ONo creature existed; phantom shapes moved as clouds on the ruffled surface of a sea." Step to start window Use a factor rainbow to determine if 729 is a perfect square. Explain your reasoning. Which is the best way to determine the meaning of the word summoned using context clues? Can someone help me with these two questions step by step plz What were the environmental costs of the Gold Rush? Is this statement true or false?Glaciers have sculpted mountains and carved out valleys, but no longer flow and shape the landscape today. answer this for 40 points :D A patio is designed using two types of tiles. The tiles are similar isosceles triangles. The lengths of the sides of the larger triangle are 6 inches, 6 inches, and 4 inches. Which one of these could be the side measurements of the smaller triangle? In a certain school club, 40% of the members are boys. If there are 45 members in the club, how many of them are boys? What evidence does not support the evolution of chloroplasts and mitochondria from prokaryotic cells?A. O Fossilized remains of archaebacteriaB. O Double membranes of the organellesc. Similar methods of reproductionD. O Presence of circular DNA According to the "Ellis Island Oral History Project" excerpt, which immigrant witnessed a negative event at Ellis Island? According to the "Ellis Island Oral History Project" excerpt, which immigrant witnessed a negative event at Ellis Island? Paul Moschella Catherine Gaetano Gallippi Anna Zagar Klarich Armen Jermakian hurry plz T = CB-5, for CC=Whats the answer Ed and Suzie went out to eat at Pizzeria. The dinner check was $24.00. They left a tip of $4.32. What percent of the check was the tip? PLEASE HELP, GIVING BRAINLIEST!!!These triangles are congruent by _____.A. SASB. AASC. SSSD. Not enough information E. None of these Which group spread Islam into the territory shown on the map?the Abbasidsthe Ottomansthe Safavidsthe Umayyads i could use some help COMMENT IF YOU HAVE A QUESTION PLEASE HELP MEEEEEEEEEEEEE WIT MY HISTORY!!!! :( :( :( :( :( :(The Sumerian king was usually the most powerful and __________ man in the kingdom.A. wealthyB. religiousC. intelligentD. influential On January 1, 20X1, Tucker Company leases equipment from Franz Inc. over three years of the equipment's five-year estimated useful life. Franz acquired the asset for $431,213 and normally utilizes an 8% interest rate for these types of transactions. The present value of the lease payments is $357,710. The annual lease payment is $100,000; the first payment is due on January 1, 20X1. Tucker should recognize the second lease payment by debiting (round to the nearest whole dollar and select all that apply)