Reference no: EM13257468
The analytical framework used to evaluate transactions inreproduced below:
Cash + Non-cash Assets = Liabilities + Contributed Capital +Accumulated Other Comprehensive Income + Retained Earnings
Using this analytical framework, indicate the effect of each of the following transactions for Henderson Corporation:
1. Henderson sold merchandise for $225,000 on account, which costs $170,000 to manufacture.
2. Henderson purchased for cash $110,000 of raw materialinventory.
3. The company paid $25,000 in advance for an advertising campaignthat would be aired next year.
4. Henderson paid its employees $15,000 for the month.
5. The company purchased $7,000 of supplies on account.
6. Henderson issued $25,000 of long-term debt.
7. The company used $10,000 of excess cash to purchase marketablesecurities.
8. Henderson purchased a machine for $22,000 in cash.
9. At the end of the year Henderson paid dividends of $5,000.
10. At the end of the year the marketable securities that Henderson purchased in transaction 7 were now worth $11,500.
11. Depreciation for the period was $1,500.
|
Explain never charged for electricity consumption
: Charged itself for electricity consumption. The newly employed comptroller of CherokeeHills seeks your advice in this regard. What is your response?
|
|
Explain the heat required to melt one mole of the solid
: The molecular weight of X is 65.0 g/mol. The heat required to melt one mole of the solid phase is 20.0 kJ, the heat required to sublime one mole of the solid phase is 40.0 kJ, and the heat required to vaporize one mole of the liquid phase is 30.0 ..
|
|
Personal expenses on a variable and fixed basis
: How do variable costs and fixed costs differ? Give an example of each. Analyze your personal expenses on a variable and fixed basis. What are some of your personal fixed costs and variable costs? What would cause them to change?
|
|
Use routh table to find imaginary crossing points
: G(s)= K(s-2)(s-4) / s(s+5) Sketch the root locus and find the following: a) Break away and break in points b) The jw-axis crossing points c) The range of gain to keep system stable
|
|
Marketable securities that henderson purchased
: At the end of the year the marketable securities that Henderson purchased in transaction 7 were now worth $11,500.
|
|
What are the total costs of delivering
: How many style A shades can be loaded into an intermodal container? How many style B shades can be loaded into an intermodal container?
|
|
What is the present value of this investment
: Dynamics Telecommunications Corp. has made an investment in another company that will guarantee it a cash flow of $26,987 each year for the next five years. If the company uses a discount rate of 17 percent on its investments, what is the present ..
|
|
Compute the ph of a solution resulting from the titration
: Calculate the pH of a solution resulting from the titration of 50mL of 0.033M HBr with 25 mL of 0.117M KOH. Give your answer to two decimal places.
|
|
Determine the location of the image
: A convex mirror has a focal length of -48.0 cm. A 12.0-cm-tall object is located 36.0 cm in front of this mirror. Using a ray diagram drawn to scale, determine the location of the image. Note that the mirror must be drawn to scale
|