On January 1, Year 1, Jana started a small flower merchandising business that she named Jana’s Flowers. The company experienced the following events during the first year of operation: Started the business by issuing common stock for $43,000 cash. Paid $28,000 cash to purchase inventory. Sold merchandise that cost $20,000 for $42,000 on account. Collected $37,000 cash from accounts receivable. Paid $9,800 for operating expenses. Required a. Organize ledger accounts under an accounting equation and record the events in the accounts. In the last column of the table, provide appropriate account titles for the Retained Earnings amounts. b-1. Prepare an income statement. b-2. Prepare a balance sheet. b-3. Prepare a statement of cash flows. c. Since Jana sold inventory for $42,000, she will be able to recover more than half of the $43,000 she invested in the stock. Do you agree with this statement?

Answers

Answer 1

a) The organization of ledger accounts under an accounting equation and journal entries are as follows:

Accounting Equation:

                         Assets                               =  Liabilities + Equity

            Cash +   Inventory + A/Receivable                    C.Stock  R/Earnings

1.       $43,000                                                                 $43,000

2.       -28,000   $28,000

3.                                                $42,000                                          42,000 S/Revenue

4.                        -20,000                                                                  -20,000 COGS

5.        37,000                            -37,000

6.        -9,800                                                                                     -9,800 Op Exp.

Bal. $42,200      $8,000           $5,000                      $43,000    $12,200

Journal Entries:

Debit Cash $43,000

Credit Common Stock $43,000

Debit Inventory $28,000

Credit Cash $28,000

Debit Accounts Receivable $42,000

Credit Sales Revenue $42,000

Debit Cost of goods sold $20,000

Credit Inventory $20,000

Debit Cash $37,000

Credit Accounts Receivable $37,000

Debit Operating expenses $9,800

Credit Cash $9,800

b1)

Jana's Flowers

Income Statement

For the year ended December 31, Year 1

Sales Revenue           $42,000

Cost of goods sold    $20,000

Gross profit                $22,000

Operating expenses   $9,800

Net income                $12,200

b2) Jana's Flowers

Balance Sheet

December 31, Year 1

Cash                           $42,200

Accounts Receivable  $5,000

Inventory                     $8,000

Total assets             $55,200

Common Stock        $43,000

Retained Earnings      12,200

Total equity            $55,200

b3) Jana's Flowers

Statement of Cash Flows

For the year ended December 31, Year 1

Net income                $12,200

Changes in working capital:

Accounts Receivable  (5,000)

Inventory                      (8,000)

Operating cash flow     ($800)

Financing activities:

Common Stock       $43,000

Cash flows              $42,200

c) I do not agree with this statement.  It does not necessarily flow that Jana selling $42,000 in goods will be able to recover more than half of the $43,000 she invested in her business.  So far, she has made $12,200 from her investment.

Data Analysis:

Cash $43,000 Common Stock $43,000

Inventory $28,000 cash $28,000

Accounts Receivable $42,000 Sales Revenue $42,000

Cost of goods sold $20,000 Inventory $20,000

Cash $37,000 Accounts Receivable $37,000

Operating expenses $9,800 Cash $9,800

Thus, it will take time for Jana to recover her investment in the business.

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Related Questions

What is the vertex form of y equals 2 x squared minus 8 x plus 1?

Answers

According to the given information, the vertex form is 2(x - 8)² + 1.

What do we mean by vertex form?A quadratic function has the vertex form f(x) = a(x - h)2 + k, where a, h, and k are constants. A vertex form in geometry is a location where two or more curves, lines, or edges converge. As a result of this definition, vertices are the intersection of two lines that create an angle as well as the corners of polygons and polyhedra. The four corners of a square, for instance, are each referred to as a vertex.

So, vertex form:

Vertex form: f(x) = a(x - h)² + k

Now, substitute the given values as:

2(x - 8)² + 1

Therefore, according to the given information, the vertex form is 2(x - 8)² + 1.

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The school book fair has 72 nonfiction books and 328 fiction books for sale what percent of the book fair is non-fiction books

Answers

All you do to find the percent of nonfiction books is to divide 72 by 328. That would get you 21.95122. So basically 22%

Answer =About 22% of the books are nonfiction

The mural in the art gallery is 7 meters tall. It's 69 centimeters taller than the marble sculpture. How tall is the sculpture?

Answers

Mural Height = 7 meters

Find the height of the marble sculpture if the mural is 69 centimeters taller.

Solution:

Convert the height of the mural into centimeters to easily calculate how tall it is from the marble sculpture.

1 meter = 100 cm

7 meters = 700 cm

Subtract 69 cm from 700 cm in order to get the height of the marble sculpture.

700cm - 69 cm = 631 cm

Convert 631 cm into meters by dividing it with 100.

=631 /100

= 6.31 m

The height of the mural is 6.31 m

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5. The 50 snakes in the serpentarium include families of 10 vipers, 23 colubrids, 9 elapids, and 8 giant snakes.
Calculate the percent of each type of snake. Use the percent that you find and multiply each times 360° to
find the number of degrees for each sector.

I need help solving the percent and degree

Answers

Percent of vipers is 20% and its degree is 72 degrees.

Percent of colubrids is 46% and its degree is 165.60 degrees.

Percent of elapids is 18% and its degree is 64.80 degrees.

Percent of giant snakes is 16% and its degree is 57.60 degrees.

How we do calculate the percent and degree?

The percent can be calculated as follows:

Percent of vipers = (Number of vipers / Total number of snakes) * 100 = (10 / 50) * 100 = 0.20 * 100 = 20%

Percent of colubrids = (Number of colubrids / Total number of snakes) * 100 = (23 / 50) * 100 = 0.46 * 100 = 46%

Percent of elapids = (Number of elapids / Total number of snakes) * 100 = (9 / 50) * 100 = 0.18 * 100 = 18%

Percent of giant snakes = (Number of giant snakes / Total number of snakes) * 100 = (8 / 50) * 100 = 0.16 * 100 = 16%

The degrees can be calculated as follows:

Degree of vipers = Percent of vipers * 360 = 20% * 360 = 72 degree

Degree of colubrids = Percent of colubrids * 360 = 46% * 360 = 165.60 degree

Degree of elapids = Percent of elapids* 360 = 18% * 360 = 64.80 degree

Degree of giant snakes = Percent of giant snakes * 360 = 16% * 360 = 57.60 degree

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4(5x+5) = - 24 + 4
I don't know how to solve this

Answers

Answer: x=-2

Step-by-step explanation:

4(5x+5) = - 24 + 4

20x+20=-24+4       ==> Distributive Property

20x+20-20=-24+4-20

20x=-20-20

20x=-40

x=-2

Name the property illustrated If g = 3h and 3h = 16, then g = 16
3

Answers

The property illustrated ca be classified as the transitive property of equality

Transitive property of equality

Equation are expressions separated by an equal sign. For transitive property, if two system of equation are equal, and the first is equal to the second, then they 2nd is equal to the third, they are transitive.

According to the transitive property of equality, two quantities that are equal to the same thing are equal to each other. For instance If x = 10 and 10 = y, then x = y.

Given that g = 3h and 3h = 16, then g = 16, then the property illustrated ca be classified as the transitive property of equality

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From midnight to 6:00 am on a winter night the temp steadily decreased dropping 3 degrees each hour. If the temp was 13 degrees at midnight what was the temp at 6:00am.

Write an expression to represent this situation.

Expain why your answers is reasonable and how you were able to determine the temp using rules of intergers.

Answers

Answer: -5

Step-by-step explanation:

12 - 13d

1 - 10d
2 - 7d

3 - 4d

4 - 1d

5 - -2d

6 - -5d

each coming time you subtract 3 from that current temp.

Enter the value of n for the equation (3n•3*2)4=3^28

n=

Answers

The solution of this expression is n = 81.

What is the value of n behind a given expression?

In this problem we have an expression, where n is the variable to be found by using algebra properties, especially power properties. Then, we show the complete procedure below:

(3 · n · 3²)⁴ = 3²⁸                                      Given

(3 · n)⁴ · (3²)⁴ = 3²⁸                                  Power of a product

3⁴ · n⁴ · 3⁸ = 3²⁸                                      Power of a product / Power of a power

3¹² · n⁴ = 3²⁸                                           Multiplication of powers with same base

n⁴ = 3²⁸ / 3¹²                                           Compatibility with multiplication / Existence of multiplicative inverse / Definition of division / Associative and modulative properties

n⁴ = 3¹⁶                                                   Division of powers with same base

n = 3⁴                                                     Definition of quartic roots

n = 81                                                     Definition of power / Result

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snow fell at a rate of 3/4 inch/hour. How much snow fell in a period of 6 hours?

Answers

Answer:

4.5 inches

Step-by-step explanation:

Well 3/4 is the same as 0.75

First multiply 0.75 by 6 to get the answer because 0.75 is how much it fell in an hour. So if you multiply by 0.75 by six hours you get your answer. Which is 4.5

Answer:

5.5 inches

Step-by-step explanation:

Because you multiply 3 by 6

. Verify the concepts you havelearned about the Law of Acceleration in doing some problem – solving exercises.1.The rising concern among athletic trainers regarding concussions among football playershas prompted numerous studies of the effectiveness of protective head gears.

1.One study suggests that concussions may result from impacts rated at 740 m/s2. If a player’s head mass (with helmet) is 6 kg and considered to be a free body, then what net force would be required to produce an acceleration of 740 m/s2?2.Captain John Stapp of the U.S. Air Force tested the human limits of acceleration by riding on a rocket sled of his own design.


2.His rocket sled, known as the Gee Whiz, had a mass of about 82 kg. What net force would be required to accelerate Gee Whiz and 82 kg Stapp at 450 m/s2 (the highest acceleration tested by Stapp)?3.Space Shuttle Max is one of the extreme rides in Enchanted Kingdom.

3.The first of its kindin the country, the roller coaster ride inverts its riders six times. If during one of its operations, a 53 kg boy experiences a net force of 1800 N at the bottom of its roller coaster loop, how fast would he be accelerating at this location ​

Answers

Try this opttion

Step-by-step explanation:

[tex]1. \ F=m*a; \ = > \ F=740[\frac{m}{s^2} ]*6[kg]=4440[N];[/tex]

[tex]2. \ F=m*a; \ = > \ F=82[kg]*450[\frac{m}{s^2}]=36900[N]=36.9[kN];[/tex]

[tex]3. \ F=m*a; \ = > \ a=\frac{F}{m}; \ = > \ a=\frac{1800}{53}=33.9623[\frac{m}{s^2}].[/tex]


Round of 1,546 to the
nearest thousands

Answers

Answer:

1,546 ≈ 2,000

Hope this helps :)

1. To round to nearest thousands, first look at the hundreds place if the number is 1,2,3,4 then round down. If the number is 5,6,7,8,9 then round up.

Which of the following is a true statement? 43,962 < 34,048 20,473 < 24,928 21,046 > 26,397 32,433 > 34,048

Answers

Answer:

b) 20,473 < 24,928

Step-by-step explanation:

43,962 < 34,048

21,046 > 26,397

32,433 > 34,048

all have the sign pointed the wrong way

Answer: 20,473<24,928 is true

Step-by-step explanation:because 20,473 is less than 24,928 and 24,928 is greater than 20,473

The endpoints of CD are -6 and 15. Find the point P that partitions the segment
into the ratio 1:5.

Answers

The point P that partitions the segment into the ratio 1:5 is 3.5

How to find the location of P?

The given parameters are

C = -6

D = 15

P = 1 : 5

The location of point P is calculated as

P = 1/(1 + 5) * (D - C)

This gives

P = 1/6 * (15 + 6)

Evaluate

P = 3.5

Hence, the point P that partitions the segment into the ratio 1:5 is 3.5

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ASAP. Please help me with 63 please. I will give an Brainly and bunch of extra points to whoever answers it right please.

Answers

Answer:

i hope this is what you needed

Step-by-step explanation:

I need help with this one

Answers

I think this will help

The age of two sibling are 10 and 13 years. In how many year will the product of their ages be 340?

Answers

Answer:

no choice but an hour or so much

What fraction of 1meter is 45centimetres

Answers

The fraction that is is 45 centimeters of 100 meters is: 9/20.

How to Calculate Fractions?

To find the fraction of 1 meter that 45 centimeters is, make the units uniform.

That is, convert 1 meter to centimeters.

100 centimeters = 1 meter

Therefore, we would find what fraction is 45 centimeters of 100 centimeters (1 meter):

45 centimeters of 100 centimeters (1 meter) = 45/100

Reduce the fraction to its simplest form

45/100

45 divided by 5 = 9

100 divided by 5 = 20

Therefore, we would have:

45/100 = 9/20

In summary, the fraction that is is 45 centimeters of 100 meters is: 9/20.

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Please answer the question in the picture, I will mark brainliest

Answers

Answer:

C

Step-by-step explanation:

2. In a certain town, the tricycle fare for the first kilometer costs ₱15.00. An additional amount of ₱6.50 is added for every succeeding kilometer. If Anthony paid, ₱47.50 to the tricycle driver, how many kilometers did he travel?

Answers

In linear equation, he travelled 6 kilometers .

What in mathematics is a linear equation?

There are only one or two variables in a linear equation. No variable can be multiplied by a number larger than one or used as the denominator of a fraction in a linear equation. All of the points fall on the same line when you identify the values that together make a linear equation true and plot those values on a coordinate grid.

the tricycle fare for the first kilometer costs  = 15.00

additional amount = 6.50

Anthony paid to the tricycle driver = , 47.50

47.50 - 15.00 = 32.50

32.50 ÷ 6.50 = 5

5 km + 1km = 6km

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Points A and B have coordinates A(–4,2) and B(3,–6) . Find the coordinates of point P, the weighted average of points A and B, in which point A has a weight of 2 and point B has a weight of 5.
HELP ME GEOMETRY THX

Answers

The coordinates of the point P is P(x, y) = (1, - 26 / 7). (Correct choice: C)

How to calculate a resultant point's coordinates using the weighted averages method?

We must locate the third point by applying a method based on a weight average-like formula after finding the coordinates of two points on the Cartesian plane:

P(x, y) = (2 / 7) * A(x, y) + (5 / 7) * B(x, y)

P(x, y) = (2 / 7) * (- 4, 2) + (5 / 7) * (3, - 6)

P(x, y) = (- 8 / 7, 4 / 7) + (15 / 7, - 30 / 7)

P(x, y) = ( 7 / 7, - 26 / 7)

P(x, y) = ( 1, - 26 / 7)

Therefore, the coordinates of the point P is P(x, y) = ( 1, - 26 / 7).

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The coordinates of the point P is P(x, y) = (1, - 26 / 7). (Correct choice: C)

How to calculate a resultant point's coordinates using the weighted averages method?

We must locate the third point by applying a method based on a weight average-like formula after finding the coordinates of two points on the Cartesian plane:

P(x, y) = (2 / 7) * A(x, y) + (5 / 7) * B(x, y)

P(x, y) = (2 / 7) * (- 4, 2) + (5 / 7) * (3, - 6)

P(x, y) = (- 8 / 7, 4 / 7) + (15 / 7, - 30 / 7)

P(x, y) = ( 7 / 7, - 26 / 7)

P(x, y) = ( 1, - 26 / 7)

Therefore, the coordinates of the point P is P(x, y) = ( 1, - 26 / 7).

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Help me solve this problem please.

Answers

Answer:

  C.  1889

Step-by-step explanation:

Given fixed weekly costs of $3778 and a variable cost per handle of $1, you want to know how many handles must be produced weekly for sale at $3 each to break even.

Contribution margin

The "contribution margin" of each handle is the difference between its variable cost and its selling price:

  $3 -1 = $2

Break even

The enterprise will break even when the sum of contribution margins is equal to the fixed costs. If h is the number of handles produced and sold, then to break even, we must have ...

  2h = 3778

  h = 1889

1889 handles must be molded weekly to break even.

__

Additional comment

You get the same result if you write the profit equation and solve for the number of handles that makes profit be zero.

  profit = revenue -cost

  0 = (3h) -(3778 +1h)

  3778 = 2h . . . . . as above

  1889 = h

If rectangle A has sides that are three times the length of those in rectangle B, how do the areas of the two rectangles compare?
A. The area of A is three times the area of B.
OB. The area of A is six times the area of B.
OC. The area of A is eight times the area of B.
OD. The area of A is nine times the area of B.
E. The area of A is twelve times the area of B.

Answers

Answer:

D. The area of A is nine times the area of B.

Step-by-step explanation:

Area is the function of two dimensions.

If each dimension is increased 3 times then the area will increase:

3*3 = 9 times

Correct choice is D

The perimeter of a rectangular price tag is 28 centimeters. The price tag is 4 centimeters tall

Answers

The width and area of the Rectangular tag is 10 centimeters and 40 centimeters square.

As per the question statement, The perimeter of a rectangular price tag is 28 centimeters. Its length is 4cm. We are supposed to find its width and area.

Let width be [tex]w[/tex]

Perimeter = [tex]2(length*width)[/tex]

[tex]28=2(4+w)\\w=14-4\\w=10cm[/tex]

Hence width is 10 cm

Now area of rectangle = [tex]length*width[/tex]

Area = [tex]4*10=40cm^{2}[/tex]

Hence area is 40 centimeter square.

Therefore the width and area of the Rectangular tag is 10 centimeters and 40 centimeters square.

Perimeter: It is the sum of length of all sides of any figure or shape. Its significance is the length of the sides.Area: It is the space occupied by any figure or a shape.

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Need help explain the steps below so I can put it on the paper

Answers

Answer:

the answer

Step-by-step explanation:

Answer:

Step-by-step explanation:

Slope intercept form is y=mx+b

Where m is the slope

general form is ax+by+c=0

this means, 2 is b

3x-2y=-16

y=3/2x+8

Now

subtract ax from both sides

3x -2y-3x= -16-3x

-2y=-16-3x

Subtract C from both sides

-2y=-3x+-16

divide both sides by b

y=-3/-2 x -16/-2

the slope is given by -a/b and the y intercept is given by -c/b

simplify

y=3/2x+8

Hope this helps!^^

(Sorry I took so long, had to find me a piece of paper )


2/9 of the people on a restaurant are adults. If there are 95 more children than
adults, how many children are there in the restaurant?

Answers

According to the given statement the number of student in the restaurant = 133.

What is blockmodeling?

blockmodeling is a set or cohesive framework used only for assessing the social structure and also for establishing a technique for splitting social network units based on certain patterns that produce a characteristic shape through interconnectivity.

How does the stochastic blocking model work?

The stochastic block model (SBM) seems to be a random graph model including planted clusters. It is extensively used as a classic model to research clustering and community detection, and it provides a rich field for studying the statistical and mathematical tradeoffs that arise in network and information sciences.

According to the given information:

Draw a diagram comprising 9 equal parts: 2 for the adults and 7 for the children.

Block modeling (also known as tape diagrams or bar models)

5 units = 95

1 unit = 95 ÷ 5 = 19

7 units

= 7 × 19 = 133

There are 133 children in the restaurant.

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if y=12, what is the value of 85y+8-80y?

Answers

Answer: 68

Step-by-step explanation: Because I am smart  

elane has $7.00 total in dimes and nickels in her coin jar. the number of dimes that elane has is seven less than three times the number of nickels. how many of each coin does elane have

SHOW WORK PLS AND THE EQUATION

Answers

Answer:

Let the number of 50p coins be x

and the number of 25p coins be 2x

Therefore,

Value of 50p coins = 50x p

and value of 25p coins = 2 * 25x p

= 50x p

Total value = Rs 34 = 34 * 100 p= 3400p

According to the question,

50x p + 50x p = 3400 p

=100x p = 3400p

= x = 3400p/100p

= x = 34

Therefore , number of 50p coins =34

and , number of 25p coins = 34 * 2 = 68

Step-by-step explanation:

hope it helps

An 18-foot long section of a beam
weighs 2115 pounds.
If a section of the beam weighs 2350
pounds, how long is the section?

Answers

Answer: 2 feet

Step-by-step explanation:

2115/18=117.5 pounds per foot of section

2350-2115=235

235/117.5=2 feet

A man deposited 350 in his account in the bank.a simple interest of 4 percent per annum was paid on his deposit.calculate the total amount at the end of 4 years?

Answers

The total amount payable at the end of 4 years is 406

In this given sum we are provided with the values of principal , rate of interest , and the number of years , we are asked to calculate the amount payable after 4 years that is the matured amount which is calculated with the addition of the principal amount and the simple interest. For that we had to first find out the amount of interest and then we need to add that with the principal amount to get the matured amount or the amount that is payable at the end of 4 years.

here we have to apply the formulla of simmple interest :

(principal × rate of interest × no. of years )/ 100

In the given sum principal (p) = 350 , rate of interest (r) = 4% pa , no. of years (n) = 4

Simple interest = pnr/100

= (350 × 4 × 4)/100  = 56

Matured Amount = Principal + Interest

= 350 + 56 = 406

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What is the simple interest if $1,000 is borrowed for 5 years at 5 % interest?

Answers

Step-by-step explanation:

A= $1250

Converting R percent to R a decimal

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find two possible lengths for CD if C, D, and E are collinear, CE 17.9 cm, and DE = 8.2 cm. a retailer owns a large online business selling antiques. they want to create a display campaign. what are two of the three inputs they must supply to create a display campaign? choose two. Given y = x + 3x - 2, find y when x = -2 select two points that lie on the same line throught (0,0), then select an equation that describes the relationship between the coordinates x and y market is a group of individuals and/or organizations that have a desire or need for products in a product class and have the ability, willingness, and authority to purchase those products. there are two types of markets. cynthia's organization targets the What term describes the american understanding of federalism that existed before the 1930's? For this exponentialfunction,what is the output value (y),when the input value (x) is O?y = 105x(0,[?]) Round 2798.01 to 2 significant figure macroeconomics is best described as the study of group of answer choices very large issues. the choices made by individual households, firms, and governments. the nation's economy as a whole. the relationship between inflation and wage inequality. According to the law of demand, during a given period of time, the quantity of a good demanded. Your used car payment will be $250 per month. What financial challenge do you now face?A - My auto insurance costs more than my renters insurance.B - I will spend more on groceries now that I am buying gas.C - My savings budget is too high.D - My car payment is higher than my discretionary spending. if h(x)=4-6x, find each of the followingh(-1)h(10)h(5) HELP ME OUT PLEASE!!!!!!!! enhancing qualitative characteristics of accounting information include each of the following except:multiple choice 15, 10, 20/3Find the 9th term. in a month, carlos can produce a maximum of either 60 bushels of pears or 30 bushels of apples, or any linear combination in between. similarly, diane can produce a maximum of either 20 bushels of pears or 5 bushels of apples, or any linear combination in between. an operations manager is performing a factor-rating analysis to help her choose an outsourcing provider. she is focusing on three factors: a, b, and c, with weights of 0.50, 0.20, and 0.30, respectively. she has scored one potential outsourcing provider, linko services, on each of the factors using a scale of 10-50. linko services received a score of 30 for factor a, 46 for factor b, and 22 for factor c. what is the factor-rating score for linko services A substance that is recognized as foreign or nonself is? 1. immunoglobulins. 2. lymphocytes 3. antibodies. 4. antigens Simplify this algebraic expression completely.10y - 3(y + 5)O A. 7y+2O B. 7y+ 5 C. 7y- 15 D. 7y- 5 which sentence from the story most strongly shows the reader gregors mood? drops of rain could be heard hitting the pane, which made him feel quite sad.