Business, 25.09.2020 02:01 christson805
The Mazzanti Wholesale Food Company's fiscal year-end is June 30. The company issues quarterly financial statements requiring the company to prepare to adjust entries at the end of each quarter. Assume all quarterly adjusting entries were properly recorded.1. On December 1, 2015, the company paid its annual fire insurance premium of $2,000 for the year beginning December 1.2. On August 31, 2015, the company borrowed $27, 500 from a local bank. The note requires principal and interest at 8% to be paid on August 31, 2016.3. Mazzanti owns a warehouse that it rents to another company. On January 1, 2016, Mazzanti collected $16,000 representing rent for the 2016 calendar year.4. Depreciation on the office building is $12,000 for the fiscal year.5. Employee salaries and wages for the month of June 2016 of $13,000 will be paid on July 20, 2016.Prepare the necessary year-end adjusting entries at the end of June 30, 2016, for the above situations.
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Business, 22.06.2019 10:30
Marketing1. suppose the average price for a new disposable cell phone is $20, and the total market potential for that product is $4 million. topco, inc. has a planned market share of 10 percent. how many phones does topco have the potential to sell in this market? 20,0002. use the data from question 3 to calculate topco, inc.'s planned market share in dollars. $400,0003. atlantic car rental charges $29.95 per day to rent a mid-size automobile. pacific car rental, atlantic's main competitor, just reduced prices on all its car rentals. in response, atlantic reduced its prices by 5 percent. now how much does it cost to rent a mid-size automobile from atlantic? $28.45
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Business, 22.06.2019 19:40
The common stock of ncp paid $1.35 in dividends last year. dividends are expected to grow at an annual rate of 5.30 percent for an indefinite number of years. a. if ncp's current market price is $22.57 per share, what is the stock's expected rate of return? b. if your required rate of return is 7.3 percent, what is the value of the stock for you? c. should you make the investment? a. if ncp's current market price is $22.57 per share, the stock's expected rate of return is
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Business, 23.06.2019 02:50
Dakota company experienced the following events during 2016. 1. acquired $30,000 cash from the issue of common stock. 2. paid $12,000 cash to purchase land. 3. borrowed $10,000 cash. 4. provided services for $20,000 cash. 5. paid $1,000 cash for utilities expense. 6. paid $15,000 cash for other operating expenses. 7. paid a $2,000 cash dividend to the stockholders. 8. determined that the market value of the land purchased in event 2 is now $12,700
Answers: 1
The Mazzanti Wholesale Food Company's fiscal year-end is June 30. The company issues quarterly finan...
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