Questions
The transactions of Spade Company appear below. Kacy Spade, owner, invested $15,500 cash in the company...

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....


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.
  

Bags Degree of Financial Leverage
6,000
19,000

c. What is the degree of operating leverage at 18,000 bags and at 23,000 bags? (Round your answers to 2 decimal places.)
  

Bags Degree of Financial Leverage
18,000
23,000


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.)

Bags Degree of Financial Leverage
18,000
23,000


  

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.)
  

Bags Degree of Financial Leverage
18,000
23,000

In: Finance

The bottom line is that having enough money means: Question 1 options: 1) being able to...

The bottom line is that having enough money means:

Question 1 options:

1)

being able to pay all the bills and have some left over

2)

having more than others in your social group

3)

having money in the bank sufficient to pay two months worth of bills

4)

being comfortable with the security you have

Question 2 (1 point)

People who have enough money:

Question 2 options:

1)

feel secure with what they have

2)

feel they need more than what they have

3)

feel they will never have as much as they need

4)

delude themselves into feeling secure with what they have

Question 3 (1 point)

The relationship between time and money shows that:

Question 3 options:

1)

money is earned by people who work

2)

it is never too late to start saving for retirement

3)

the earlier one starts, the greater the probability one gets enough

4)

money comes to those who wait

Question 4 (1 point)

The relationship between interest and inflation means:

Question 4 options:

1)

if interest and inflation are the same, the value of our money stays the same over time

2)

if interest is greater than inflation, the value of our money increases over time

3)

if inflation is greater than interest, the value of our money decreases over time

4)

if we decide not to invest our money, we eliminate the effects of both interest and inflation

5)

b and c

6)

a and d

Question 5 (1 point)

Social Security is

Question 5 options:

1)

An investment program to ensure after-retirement income

2)

An optional investment program for after-retirement income

3)

An investment program much like your 401K

4)

An old age pension paid for by the next generation

Question 6 (1 point)

To teach basic principles of personal finance in a free enterprise economy rests on the proposition that

Question 6 options:

1)

People who live in a free enterprise economy have to participate in it

2)

People who live in a free enterprise economy have the right to participate in it

3)

People who live in a free enterprise economy are unpatriotic if they do not participate in it

4)

People who live in a free enterprise economy have the right to know how to participate in it

Question 7 (1 point)

To invest in a free enterprise economy, a person needs

Question 7 options:

1)

Cooperation from an investment counselor

2)

Cooperation from a bank

3)

A steady income

4)

Money to invest

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:

1)

people who know it exists

2)

Americans

3)

people who know how to use it

4)

people who believe in it

Question 10 (1 point)

Interest ___________ the amount of money over time.

Question 10 options:

1)

increases

2)

decreases

3)

equalizes

4)

destabilizes

In: Accounting

"List the social benefits of education taking into consideration how a better educated individual will be...

"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...

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...

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...

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...

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$ Assets Non-current assets Property, plant and equipment Right of use...

2019

‘000 US$

2018

‘000 US$

Assets

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

Total non-current assets

28,931,361

22,143,136

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

Total current assets

5,131,159

4,370,203

Total Assets

34,062,520

26,513,339

2019

‘000 US$

2018

‘000 US$

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)

Equity attributable to owners of the company

11,815,166

11,311,198

Non-controlling interests

1,032,052

687,720

Total equity

12,847,218

11,998,918

Liabilities

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

Total non-current liabilities

17,002,015

11,745,579

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

Total current liabilities

4,213,287

2,768,842

Total liabilities

21,215,302

14,514,421

Total equity and liabilities

34,062,520

26,513,339

Sales

7,685,938

5,646,280

Required:

A. Calculate the following ratios of DP World for the year 2018 &2019:

  1. Current ratio
  2. Quick ratio
  3. Cash ratio
  4. Debt-equity ratio
  5. Asset turnover (Sales / Total Assets)

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...

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