Business, 17.02.2020 22:24 masonroe0

Jones Enterprise was started on January 1st, year 1, when it acquired $6,000 cash from creditors and $10,000 from owners. The company immediately purchased land that cost $12,000. The land purchase was the only transaction occurring during year 2.
Required a. Record the events under an accounting equation. (Enter any decreases to account balances with a minus sign.) JONES ENTERPRISES 10 points Accounting Equation Creditors Stockholders' eBook Hint Print References Bal.$ b. As of December 31, Year 1, Jones's obligations to creditors represent what percentage of total assets? (Round your answer to 1 decimal place.) Prev 2of8 Next>c. As of December 31, year 1, Jones's stockholders equity represents what percentage of total assets?
d. What is the maximum cash dividend Jones can pay on December 31, year 2?

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 04:00

Burberry is pursuing a focused differentiation strategy aimed at high-end luxury customers. however, the company is also employing a segmentation strategy to separate customers within that focus. the strategy offers items at an entry-level price point for customers who desire to be like celebrities such as sarah jessica parker as well as couture items for those richest and celebrity customers. what strategy is burberry pursuing?

Answers: 3

Answer

Business, 22.06.2019 10:50

Kimberly has been jonah in preparing his personal income tax forms for a couple of years. jonah's boss recommended kimberly because she had done a good job setting up the company's new accounting system. jonah is very satisfied with kimberly's work and feels that the fees she charges are quite reasonable. kimberly would be classified as a(n) (a) independent auditor (b) private accountant (c) public accountant (d) accounting broker

Answers: 1

Answer

Business, 22.06.2019 19:00

15. chef a insists that roux is the traditional thickener for bisque. chef b insists that it's rice. which chef is correct? a. neither chef is correct. b. both chefs are correct. c. chef b is correct. d. chef a is correct.

Answers: 1

Answer

Business, 22.06.2019 21:10

You own a nonunion company with 93 nonexempt employees. all of these employ- ees pack books into boxes for shipment to customers throughout the united states. because of wide differences in performance, you have decided to try performance appraisal, something never done before. until now, you have given every worker the same size increase. now you want to measure performance and reward the best performers with bigger increases. without any further information, which of the five types of appraisal formats do you think would be most appropriate? justify your answer. do you anticipate any complaints, or other comments, from employees after you implement your new system?

Answers: 1

Answer

You know the right answer?

Jones Enterprise was started on January 1st, year 1, when it acquired $6,000 cash from creditors and...

Questions