Below is a list of activities for Vikings Incorporated. Required:
For each activity, indicate the impact on the accounting equation. After doing all the transactions, ensure that the accounting equation remains in balance. The first item is provided as an example.
Transaction Assets * Liabilities * Stock
holder
Equity
1. Issue common stock in exchange for cash, $15,000 $15,000 $15,000
2. Obtain a loan from the bank for $9.000
3. Receive cash of $1,200 in advance from customers.
4. Purchase supplies on account, $2.400
5. Pay one year of rent in advance $12,000
6. Provide services to customers on account, $3,000
7. Repay $4,000 of the loan in (2) above.
8. Pay the amount for supplies purchased in (4) above.
9. Provide services to customers in (3) above
10. Pay cash dividends of $1,000 to stockholders
Totals

Suppose that kenji, an economist from an am talk radio program, and lucia, an economist from a school of industrial relations, are arguing over health insurance. the following dialogue shows an excerpt from their debate: lucia: a popular topic for debate among politicians as well as economists is the idea of providing government assistance for health benefits. kenji: i think it is oppressive for the government to tax people who take care of themselves in order to pay for health insurance for those who are obese. lucia: i disagree. i think government funding of health insurance is useful to ensure basic fairness. the disagreement between these economists is most likely due to . despite their differences, with which proposition are two economists chosen at random most likely to agree? lawyers make up an excessive percentage of elected officials. minimum wage laws do more to harm low-skilled workers than them. tariffs and import quotas generally reduce economic welfare.

The vaska company buys a patent on january 1, year one, and agrees to pay $100,000 per year for the next five years. the first payment is made immediately, and the payments are made on each january 1 thereafter. if a reasonable annual interest rate is 8 percent, what is the recorded value of the patent? 1. $378,4252. $431,2133. $468,9504. $500,000

Brandt enterprises is considering a new project that has a cost of $1,000,000, and the cfo set up the following simple decision tree to show its three most likely scenarios. the firm could arrange with its work force and suppliers to cease operations at the end of year 1 should it choose to do so, but to obtain this abandonment option, it would have to make a payment to those parties. how much is the option to abandon worth to the firm?