Reference no: EM13877344
Robin Harrington established Time Definite Delivery on January 1. The following transactions occurred during the company's most recent quarter.
a. Issued common stock for $ 80,000.
b. Provided delivery service to customers, receiving $ 72,000 in accounts receivable and $ 16,000 in cash.
c. Purchased equipment costing $ 82,000 and signed a long- term note for the full amount.
d. Incurred repair costs of $ 3,000 on account.
e. Collected $ 65,000 from customers on account.
f. Borrowed $ 90,000 by signing a long- term note.
g. Prepaid $ 74,400 cash to rent equipment next quarter.
h. Paid employees $ 38,000 for work done during the quarter.
i. Purchased (with cash) and used $ 49,000 in fuel for delivery equipment.
j. Paid $ 2,000 on accounts payable. k. Ordered, but haven't yet received, $ 700 in supplies.
Required:
For each of the transactions, prepare journal entries. Be sure to categorize each account as an asset (A), liability (L), stockholders' equity (SE), revenue (R), or expense (E).
|
What price is the price elasticity unitary
: Assume the following nonlinear demand function Qd = 100 - 2 √ P- At what price is the price elasticity unitary?
|
|
Calculate product cost and product margin for each product
: Calculate the product cost and product margin for each product. What cost management method might be useful to BSI at this time, and why?
|
|
Calculate own price elasticity and cross price elasticity
: Suppose the market supply function is Qs = 1.2P2 - 0.5PE - 10PL, where PE and PL are price of energy and labor, respectively. Calculate the own price elasticity and cross price elasticity of energy and labor if P = 20, PE = 70, and PL = 40.
|
|
Calculate the probability that it came from an advert
: A financial company places adverts in three publications with probabilities of 0.2, 0.3 and 0.5 res. The probability that the company gets an enquiry from an advert in the first publication is .001
|
|
Robin harrington established time definite delivery
: For each of the transactions, prepare journal entries. Be sure to categorize each account as an asset (A), liability (L), stockholders' equity (SE), revenue (R), or expense (E).
|
|
What did you know about elder abuse
: What did you know about elder abuse prior to this DB exercise? What stuck out the most to you in both the website and the video? What do you think can be done to prevent elder abuse? What about reporting
|
|
What is the relation between these two goods
: Suppose the market demand function is Qd = 5I + 10P1 - 0.4P2 , where I is income in $1,000 and P1 is price of a related good- What is the relation between these two goods?
|
|
Find the probability that the die shows an odd number
: A die is rolled and a coin is tossed, find the probability that the die shows an odd number and coin shows a head.
|
|
Chemical formula for nonstoichiometric material
: Under these conditions, name one crystalline defect that you would expect to form in order to maintain charge neutrality. How many Cu+ ions are required for the creation of each defect? How would you express the chemical formula for this nonstoichiom..
|