In january, tongo, inc., a branding consultant, had the following transactions. indicate the accounts, amounts, and direction of the effects on the accounting equation under the accrual basis. a sample is provided. (enter any decreases to account balances with a minus sign.)
a. (sample) received $13,200 cash for consulting services rendered in january.
b. issued common stock to investors for $8,000 cash.
c. purchased $11,200 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years.
d. received $11,800 cash for consulting services to be performed in february.
e. bought $1,750 of supplies on account.
f. received utility bill for january for $2,060, due february 15.
g. consulted for customers in january for fees totaling $19,900, due in february.
h. received $13,300 cash for consulting services rendered in december.
i.
paid $875 toward supplies purchased in (e).
assets = liabilities + shareholder's equity
a) cash 13,200 service revenue 13,200
b)
c)
d)
e)
f)
g)
h)
i)

The company financial officer was interested in the average cost of pcs that had been purchased in the past six months. she took a random sample of the price of 10 computers, with the following results. $3,250, $1,127, $2,995, $3,250, $3,445, $3,449, $1,482, $6,120, $3,009, $4,000 what is the iqr?

Lucido products markets two computer games: claimjumper and makeover. a contribution format income statement for a recent month for the two games appears below: claimjumper makeover total sales $ 30,000 $ 70,000 $ 100,000 variable expenses 20,000 50,000 70,000 contribution margin $ 10,000 $ 20,000 30,000 fixed expenses 24,000 net operating income $ 6,000 required: 1. compute the overall contribution margin (cm) ratio for the company.. 2. compute the overall break-even point for the company in dollar sales. 3. complete the contribution format income statement at break-even point for the company showing the appropriate levels of sales for the two products. (do not round intermediate calculations.)

Kandon enterprises, inc., has two operating divisions; one manufactures machinery and the other breeds and sells horses. both divisions are considered separate components as defined by generally accepted accounting principles. the horse division has been unprofitable, and on november 15, 2018, kandon adopted a formal plan to sell the division. the sale was completed on april 30, 2019. at december 31, 2018, the component was considered held for sale. on december 31, 2018, the company’s fiscal year-end, the book value of the assets of the horse division was $415,000. on that date, the fair value of the assets, less costs to sell, was $350,000. the before-tax loss from operations of the division for the year was $290,000. the company’s effective tax rate is 40%. the after-tax income from continuing operations for 2018 was $550,000. required: 1. prepare a partial income statement for 2018 beginning with income from continuing operations. ignore eps disclosures. 2. prepare a partial income statement for 2018 beginning with income from continuing operations. assuming that the estimated net fair value of the horse division’s assets was $700,000, instead of $350,000. ignore eps disclosures.