The transactions of Spade Company appear below.
Kacy Spade, owner, invested $15,500 cash in the company in exchange
for common stock.
The company purchased office supplies for $450 cash.
The company purchased $8,572 of office equipment on credit.
The company received $1,829 cash as fees for services provided to a
customer.
The company paid $8,572 cash to settle the payable for the office
equipment purchased in transaction c.
The company billed a customer $3,286 as fees for services
provided.
The company paid $530 cash for the monthly rent.
The company collected $1,380 cash as partial payment for the
account receivable created in transaction f.
The company paid $1,200 cash in dividends to the owner (sole
shareholder).
Required:
1. Prepare general journal entries to record the transactions below
for Spade Company by using the following accounts: Cash; Accounts
Receivable; Office Supplies; Office Equipment; Accounts Payable;
Common Stock; Dividends; Fees Earned; and Rent Expense. Use the
letters beside each transaction to identify entries.
In: Accounting
1.
United Snack Company sells 50-pound bags of peanuts to
university dormitories for $38 a bag. The fixed costs of this
operation are $390,000, while the variable costs of peanuts are
$0.24 per pound.
a. What is the break-even point in bags?
b. Calculate the profit or loss (EBIT) on 6,000
bags and on 19,000 bags.
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c. What is the degree of operating leverage at
18,000 bags and at 23,000 bags? (Round your answers to 2
decimal places.)
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d. If United Snack Company has an annual interest
expense of $24,000, calculate the degree of financial leverage at
both 18,000 and 23,000 bags. (Round your answers to 2
decimal places.)
|
e. What is the degree of combined leverage at
both a sales level of 18,000 bags and 23,000 bags? (Round
your answers to 2 decimal places.)
|
In: Finance
The bottom line is that having enough money means:
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Question 2 (1 point)
People who have enough money:
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Question 3 (1 point)
The relationship between time and money shows that:
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Question 4 (1 point)
The relationship between interest and inflation means:
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Question 5 (1 point)
Social Security is
Question 5 options:
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Question 6 (1 point)
To teach basic principles of personal finance in a free enterprise economy rests on the proposition that
Question 6 options:
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Question 7 (1 point)
To invest in a free enterprise economy, a person needs
Question 7 options:
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Question 8 (1 point)
Inflation is what happens to the value of money over time.
Question 8 options:
| 1) True | |
| 2) False |
Question 9 (1 point)
The essentially free enterprise economy exists only for:
Question 9 options:
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Question 10 (1 point)
Interest ___________ the amount of money over time.
Question 10 options:
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In: Accounting
"List the social benefits of education taking into consideration how a better educated individual will be able to impact the economy, Those impacts can range from employment, production all the way to better medical health for the population."
In: Economics
Property investment constitutes a large and longterm commitment to an individual. Describe the outcome of taking a property loan during fluctuating interest rates. This is from the book financial markets and instituons global edition 9th edition by mishkin.
In: Finance
4. Based on the structure of individual keratin subunits, why would a single point mutation in the alpha-helical region of the monomer result in a defect in the polymer? Be sure to explain it from the standpoint of DNA and intermediate filament structure.
In: Biology
what types of information obtained from the genogram inform the understanding of the pathophysiology of a disease in an individual? give an example. describe the relationship of genetics to cancer. give an example of a genetic contribution to cancer with recommendations for screening family members.
In: Nursing
what is a particular exercise and carefully detail how to perform that movement. Something like a sit up or push up. What possible skeletal or muscular disorders may prevent an individual from completing your movement?
In: Anatomy and Physiology
|
2019 ‘000 US$ |
2018 ‘000 US$ |
|
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Assets |
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Non-current assets Property, plant and equipment Right of use assets Investment properties Intangible assets and goodwill Investment in equity accounted investees Other investments Accounts receivable and prepayments |
12,226,735 2,080,908 1,672,911 10,054,701 2,200.252 20,009 675,845 |
8,960,782 - 1,622,130 8,833,151 2,101,425 51,078 574,570 |
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Total non-current assets |
28,931,361 |
22,143,136 |
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Current assets Inventories Properties held for development and sales* Accounts receivable and prepayments Cash and cash equivalents |
156,393 194,612 1,836,795 2,943,359 |
115,590 261,724 1,378,179 2,614,710 |
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Total current assets |
5,131,159 |
4,370,203 |
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Total Assets |
34,062,520 |
26,513,339 |
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2019 ‘000 US$ |
2018 ‘000 US$ |
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Equity Share capital Share premium Shareholders’ reserve Retained earnings Translation reserve Other reserves |
1,660,000 2,472,655 2,000,000 8,179,779 (1,904,817) (592,451) |
1,660,000 2,472,655 2,000,000 7,712,784 (1,976,051) (598,190) |
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Equity attributable to owners of the company |
11,815,166 |
11,311,198 |
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Non-controlling interests |
1,032,052 |
687,720 |
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Total equity |
12,847,218 |
11,998,918 |
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Liabilities |
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Non-current Liabilities Loans and borrowings Lease liabilities Loans from non-controlling shareholders Accounts payables and accruals Deferred tax liabilities Employee’ end of service benefits Pension and post-employment benefits |
12,185,472 2,287,655 688,017 3,79,271 937,967 176,227 347,406 |
10,048,232 17,156 132,236 345,467 886,173 159,233 157,082 |
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Total non-current liabilities |
17,002,015 |
11,745,579 |
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Current liabilities Loans and borrowings Lease liabilities Accounts payables and accruals Income tax liabilities Pension and post-employment benefits |
1,095,412 225,535 1,000 2,663,660 120,888 106,792 |
348,324 6,051 1,000 2,305,727 100,674 7,066 |
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Total current liabilities |
4,213,287 |
2,768,842 |
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Total liabilities |
21,215,302 |
14,514,421 |
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Total equity and liabilities |
34,062,520 |
26,513,339 |
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Sales |
7,685,938 |
5,646,280 |
Required:
A. Calculate the following ratios of DP World for the year 2018 &2019:
B. Evaluate liquidity, solvency and efficiency of the company.
if you can not do all part A and part B, just leave it for another tutoor
In: Accounting
18. Aside from talking with farm patrons who contracted E. coli O157:H7 infection, who else should you interview to help determine what could have been the source of the illness versus what did not cause illness?
In: Biology