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Nicole has decided that she is going to start her business, Nicole's Getaway Spa (NGS). A lot has to be done when starting a new business. Here are some transactions that have occurred prior to April 30. a. Received $84,000 cash when issuing 8,400 new common shares. b. Purchased some land by paying $4,000 cash and signing a note payable for $5,500 due in three years. c. Hired a new aesthetician for a salary of $1,400 a month, starting next month. d. NGS purchased a company car for $22,000 cash (list price of $25,000) to assist in running errands for the business. e. Bought and received $950 in supplies for the spa on credit. f. Paid $130 of the amount owed in (e). g. Nicole sold 100 of her own personal shares to Raea Gooding for $700.
The Smelting Department of Mathews Manufacturing Company has the following production and cost data for November. Compute the equivalent units of production for (a) materials and (b) conversion costs for the month of November.
Early in 2015, Herndon Industries was formed with authorization to issue 250,000 shares of $10 par value common stock and 30,000 shares of $100 par value cumulative preferred stock. Prepare the stockholders’ equity section of the balance sheet (use e..
Determine the FTE (full-time equivalent) needed to perform these activities. On this problem you should provide the exact decima or fractional answer and Do Not want to round to the whole employee.
The first payment is $300 and each successive payment will increase by a constant dollar amount x. How much is the constant amount x? How much is the 48th payment?
Hansen Construction, Inc., has consistently used the percentage-of-completion method of recognizing income. During 1997 Hansen started work on a $3,000,000 fixed-price construction contract. Explain how much loss should Hansen have recognized in ..
Discuss what organizational change is and why being able to manage it is important. Also, list and discuss some ways managers can help their employees deal with change. 2 page with referances NO plagiarism.
question 1. on 1st january 2012 morlock associates purchased 5-year 5 percent bonds having maturity a value of 350000.
Think of Citibank’s new strategy (customer service and relationship banking). What were the limitations of the previous performance measurement system? Is the old system aligned to strategy? What changes were required to the system to better align to..
Todd Olson is the owner and operator of Alpha, a motivational consulting business. At the end of its accounting period, December 31, 2013, Alpha has assets of $652,450 and liabilities of $206,170. Net income (or net loss) during 2014, assuming that a..
Dizzy Chemicals Ltd is a resident of the Republic of South Africa. It is a registered value-added tax (VAT) vendor with a 30 June financial year end.
Tara Westmont, the stockholder of Tiptoe Shoes, Inc., had annual revenues of $203,000, expenses of $112,700, The Company paid $25,200 cash in dividends to the owner (sole stockholder). The retained earnings account before closing had a balance of $31..
questionrest haven is a senior living community that provides a full range of services including independent living
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