Ivanhoe Co. opened on July 1,2020 . On July 31 , the statement of financial position showed Cash ¥5,300, Accounts Receivable ¥1,900 Supplies ¥600, Equipment ¥6,200, Accounts Payable ¥4,400, Share Capital-Ordinary ¥3,600, and Retained Earning of ¥6,000 (amounts in thousands). During August, the following transactions occurred. 1. Collected ¥1,600 of accounts receivable. 2. Paid ¥2,900 cash on accounts payable. 3. Recognized revenue of ¥7,800, of which ¥2,600 is collected in cash and the balance is due in September. 4. Purchased additional equipment for ¥2,200, paying ¥500 in cash and the balance on account. 5. Paid salaries ¥1,700, rent for August ¥1,200, and advertising expenses ¥300. 6. Declared and paid ¥1,100 dividend. 7. Received ¥1,500 from Standard Bank-money borrowed on a note payable. 8. Incurred utility expenses for month on account ¥240.

Answers

Answer 1

Cash: ¥4,700, Accounts Receivable: ¥5,200, Supplies: ¥600, Equipment: ¥3,900, Accounts Payable: ¥1,740, Share Capital-Ordinary: ¥3,600, Retained Earnings: ¥4,900.

Based on the given information, let's analyze the transactions that occurred during August for Ivanhoe Co.:

1. Collection of accounts receivable: Ivanhoe Co. collected ¥1,600 of accounts receivable, which would increase their cash balance. Therefore, the new cash balance would be ¥5,300 + ¥1,600 = ¥6,900.

2. Payment of accounts payable: Ivanhoe Co. paid ¥2,900 cash on accounts payable, reducing their accounts payable balance. The new accounts payable balance would be ¥4,400 - ¥2,900 = ¥1,500.

3. Recognition of revenue: Ivanhoe Co. recognized revenue of ¥7,800, out of which ¥2,600 was collected in cash. The remaining balance of ¥7,800 - ¥2,600 = ¥5,200 represents accounts receivable, which would be recorded as an increase in accounts receivable.

4. purchase of additional equipment: Ivanhoe Co. purchased additional equipment for ¥2,200. They paid ¥500 in cash, reducing their cash balance to ¥6,900 - ¥500 = ¥6,400. The remaining balance of ¥2,200 - ¥500 = ¥1,700 would be recorded as an increase in equipment.

5. Payment of expenses: Ivanhoe Co. paid salaries of ¥1,700, rent for August of ¥1,200, and advertising expenses of ¥300. These expenses reduce the cash balance further. The new cash balance would be ¥6,400 - ¥1,700 - ¥1,200 - ¥300 = ¥3,200.

6. Dividend payment: Ivanhoe Co. declared and paid a dividend of ¥1,100, which reduces the retained earnings balance. The new retained earnings balance would be ¥6,000 - ¥1,100 = ¥4,900.

7. Borrowing from Standard Bank: Ivanhoe Co. received ¥1,500 from Standard Bank as money borrowed on a note payable. This would increase their cash balance. The new cash balance would be ¥3,200 + ¥1,500 = ¥4,700.

8. Utility expenses on account: Ivanhoe Co. incurred utility expenses of ¥240, which would increase their accounts payable balance. The new accounts payable balance would be ¥1,500 + ¥240 = ¥1,740.

Summarizing the above transactions, the updated statement of financial position as of August 31, 2020, would show the following amounts (in thousands):

Cash: ¥4,700

Accounts Receivable: ¥5,200

Supplies: ¥600

Equipment: ¥3,900

Accounts Payable: ¥1,740

Share Capital-Ordinary: ¥3,600

Retained Earnings: ¥4,900

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Related Questions

Eric, after listening to you talk about surpluses, investing and being smart with money, is thinking about how much he would save in interest on his car loan if he paid $50 dollars extra each time he paid his car note. To get this information, eric would need what type of schedule to show him the impact of his extra payments?.

Answers

Eric needs an amortization schedule to show him the impact of his extra payments.

Explain amortization schedule.

A table that displays a mortgage's regular payments over time is called an amortization schedule. You can keep track of how much is still owed on your mortgage and determine how much goes to interest by using a mortgage amortization plan.

Amortization is the process of repaying debt in a series of regular payments. Each payment has a principal portion that goes toward the loan balance and an interest portion. The amount put toward the principal increases progressively month after month as the debt amortizes. You can see how much money you pay in principal and interest over time in an amortization schedule.

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The impact of Furman v. Georgia (1972) was that states had to

promise to use the death penalty only with approval from the Supreme Court.
throw out the old Miranda warning and write a new one.
agree to throw out all state laws regarding crime and impose national standards.
create clear standards to be applied fairly before imposing the death penalty.

Answers

Answer: D.create clear standards to be applied fairly before imposing the death penalty.

Explanation: The answer it's right there

The impact of Furman v. Georgia (1972) was that states had to

create clear standards to be applied fairly before imposing the death penalty.

The Furman v. Georgia case

This was a case that had to do with the cruel and the unusual way that people faced in the death penalty.

The case ruled that the death penalty was unconstitutional if it was applied in a discriminatory way.

It ruled that the eight amendment was being violated if used in this way.

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Create scatterplots using the data in the spreadsheet linked above and display the equation for the regression line. What is the equation for the regression line that predicts home equity using credit score as the explanatory variable? Ý Ex: 1.234 x + (Ex: 1.234 What is the interpretation of the slope? Pick What is the interpretation of the intercept? Pick

Answers

I'm sorry, but as a text-based AI, I cannot directly access or interact with external files or spreadsheets.

Therefore, I am unable to create scatterplots using specific data from a spreadsheet.

However, I can still provide you with an explanation of how to create scatterplots and determine the regression line equation using the data you have. If you could provide the data points for credit score and home equity, I can guide you through the process step by step.

In general, to create a scatterplot and determine the regression line equation, you can follow these steps:

1. Organize your data: Make sure you have a set of paired data points consisting of credit scores and corresponding home equity values.

2. Plot the data: Create a scatterplot by representing each data point as a dot on a graph. Place the credit scores on the x-axis and the home equity values on the y-axis.

3. Determine the line of best fit: Visually inspect the scatterplot and try to identify the general trend of the data points. If there appears to be a linear relationship, you can draw a line that best fits the data.

4. Calculate the regression line: Use statistical methods like linear regression to determine the equation for the line of best fit. This equation will describe the relationship between credit scores (explanatory variable) and home equity (response variable).

The regression line equation will have the form: y = mx + b, where y represents the predicted home equity, x represents the credit score, m represents the slope of the line, and b represents the y-intercept.

To interpret the slope and intercept:

- Slope (m): The slope represents the rate of change in the home equity for every unit increase in the credit score. For example, if the slope is 1.234, it means that for every one-unit increase in the credit score, the home equity is expected to increase by 1.234 units (in the same unit as home equity).

- Intercept (b): The intercept represents the value of the home equity when the credit score is zero. However, it's important to note that the interpretation of the intercept depends on the context and the range of credit scores in your data.

If you provide me with the specific data points, I can help you calculate the regression line equation and provide a more accurate interpretation of the slope and intercept.

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Which statement best illustrates the relationship between three different
elements of the circular flow of products?
A. Product markets offer labor to businesses, which creates jobs for
households.
B. Resource markets sell goods to product markets, which sell the
goods to businesses
C. Households pay wages to businesses, which can then set up
product markets.
D. Businesses create goods for product markets, which sell them
directly to households.

Answers

Answer: is D

Explanation:

The statement, businesses create goods for product markets, which sell them directly to households, is best illustrates the relationship between three different elements of the circular flow of products.

What is a circular flow?

The most popular version of this model displays the circular flow of revenue between the consumer and business sectors. The product market and the resource market are placed between the two.

Consumer spending is the mechanism through which households' money flows to the market for goods and services when they are in need of them. The product market purchases goods and services from companies and sells them to households, making a profit.

As a result, option (d) is correct.

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All of the following are MNC complaints about host countries EXCEPT:a) profit limitations.b) overpriced resources.c) interference with government.d) exploitative rules.

Answers

The MNC complaints about host countries are profit limitations, overpriced resources, interference with government, and exploitative rules. However, the term "EXCEPT" in your question indicates that you are looking for the option that does not apply to the complaints. Therefore, the option that does not apply is "d) exploitative rules".

Multinational corporations often face challenges when doing business in foreign countries. These challenges include government regulations, restrictions on profits, high prices for resources, and political interference. However, the option "d) exploitative rules" does not fit into this category as it is not a complaint that MNCs typically have about host countries.

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If a person who works in a coal mine gets paid more than a person with a similar background and skills who works in a safer job, then
a. we have evidence of discrimination against workers outside the coal mine.
b. coal miners must be more attractive than other workers.
c. we have observed a compensating differential.
d. coal miners must have greater human capital than others.

Answers

c. We have observed a compensating differential. This means that the higher wages for coal miners compensate for the higher risks and dangers associated with their job.

This means that the higher wages for coal miners compensate for the higher risks and dangers associated with their job. The compensating differential theory suggests that individuals are willing to accept lower wages in safer jobs, while jobs that are riskier or more unpleasant tend to offer higher wages to attract workers. In this case, the higher pay for coal miners reflects the compensatory factor for the hazardous conditions they face in the coal mine. It does not necessarily indicate discrimination against workers in safer jobs, attractiveness, or superior human capital. Instead, it is a market-driven mechanism to incentivize individuals to take on more challenging and risky job roles.

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What is vulnerability? Give examples of vulnerability and the
mitigation method can be taken to remove it.

Answers

Vulnerability refers to a weakness or flaw in a system, process, or infrastructure that can be exploited by malicious actors to gain unauthorized access, disrupt operations, or compromise data integrity and confidentiality. Vulnerabilities can exist in software, networks, hardware, and even human factors.

Software Vulnerability: A software application may contain coding errors or design flaws that can be exploited.

Network Vulnerability: Weak network configurations, unsecured wireless networks, or outdated protocols can leave networks vulnerable.

Social Engineering Vulnerability: Humans can be a weak link in security.

Hardware Vulnerability: Flaws or weaknesses in hardware components can create vulnerabilities. For example, a hardware keylogger inserted between a keyboard and computer can record keystrokes.

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What does the Title VII do?
A. It protects persons with disabilities under certain conditions.
B. It protects pregnant workers from discrimination.
C. It protects persons aged 40 to 70 from discrimination on the job.
D. It forbids discrimination in employment practices, including
recruiting, hiring, paying, firing, and laying off employees.

Answers

The Civil Rights Act of 1964's Title VII. Employees and job seekers are shielded from employment discrimination based on race, color, religion, sex, and national origin under Section VII of the Civil Rights Act, as amended.

What is discrimination and employment practices?

It is against the law to discriminate against someone because of their race, color, religion, sex (including pregnancy, sexual orientation, or gender identity), or national origin (Title VII of the Civil Rights Act of 1964). Employers with at least 15 workers are not allowed to: Refuse to recruit a woman because of her pregnancy under the Pregnancy Discrimination Act (PDA).

A woman being fired or made to resign from her job due to pregnancy. Examples of pregnancy and maternity discrimination include reluctance to promote or give training because of your pregnancy or time spent on maternity leave, loss of duties or seniority, failure to offer a wage raise when you would have received one if you had been working.

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Answer:

D. It forbids discrimination in employment practices, including

recruiting, hiring, paying, firing, and laying off employees.

Explanation:

I chose it protects persons with disabilities and was wrong on mine. So, I really believe that D is correct. Hope this helps.

Which statements best explains how globalization offers an advantage to businesses

Answers

Answer:

Hello here's the answer!

Explanation:

your welcome! Brainliest if you liked the answer!

a service firm must orient and motivate its customer-contact employees and supporting service people to work as a team to provide customer satisfaction. this process is known as . question content area bottom part 1 a. supplier and vendor marketing b. service differentiation c. external marketing d. internal marketing e. interactive marketing

Answers

This process is known as supplier and vendor marketing. Vendors of marketing automation offer users solutions for organising and streamlining workflows, planning, coordinating, and measuring various marketing operations.

Vendors in this area often provide tools to assist with lead management, social media marketing, email campaigns, and other tasks. A corporation that provides merchandise for upscale apparel boutiques is an illustration of a vendor. A supplier contacts the business to make an order, specifying the products it needs as well as the quantity of each. The business then obtains the required goods from the supplier and sends them to the retailer.

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General-purpose financial statements are the product of?

Answers

General financial statements are a product of financial accounting. A typical financial statement consists of an income statement, a balance sheet, and a cash flow statement.

What are Financial Statements?

A financial statement (or financial statement) is the formal record of the financial activities and status of a company, person, or other entity. It usually includes four foundation degrees with discussion and analysis of management. A balance sheet or balance sheet reports a company's assets, liabilities and equity at a particular point in time.

Income Statement, or Income Statement (P&L) Statement, Comprehensive Income Statement, or Income Statement, reports a company's revenues, expenses, and profits for a specified period. The income statement provides information about the company's operations. This includes sales and miscellaneous expenses incurred during the specified period. The Statement of Changes in Equity or Statement of Changes in Equity or Retained Earnings reports changes in a company's equity over a period of time.

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To examine
the weekly payroll of all employees, one would look at the:

Answers

To examine the weekly payroll of all employees, one would look at the: d. payroll register.

What is the payroll register?

The payroll register is a book or record that is used to fill in the details of all the employees and their payment logs. A record of this register is often kept in good condition in case of any future discrepancies that will have to be resolved.

A person who wants to examine the weekly payroll of all employees in an organization must be able to look at the payroll register to know what is obtainable. There, he would find the names of the employees, their job roles and payment record.

Options:

a. W-4

b. employee earnings record

c. W-2

d. payroll register.

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Why is it important to frame and scope a data analytics project properly? O To ensure alignment among stakeholders of the data analytics project. O To ensure that the same data analytics project has not been done previously. O To ensure that not all the processes are automated through data analytics. O To ensure that the probability of success of the data analytics project is over 15%. Confirm

Answers

To ensure that a data analytics project has a probability of success of over 15%, it is critical to correctly frame and scope the project. So, the correct option is (D).

What is data analytics?

The word "data analytics" is broad and covers a wide range of data analysis techniques. Data analytics techniques can be applied to any sort of information to gain insight that can be used to make things better. Techniques for data analytics can make trends and metrics visible that would otherwise get buried in the sea of data. The efficiency of a business or system can then be improved by using this knowledge to optimize processes.

For instance, manufacturing businesses frequently keep track of the runtime, downtime, and work queue for different machines, then evaluate the data to better plan the workloads so the machines function closer to peak capacity.

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Activity rates and product costs using activity-based costing
Lonsdale Inc. manufactures entry and dining room lighting fixtures. Five activities are used in manufacturing the fixtures. These activities and their associated budgeted activity costs and activity bases are as follows:
Activity Budgeted
Activity Cost
Activity Base
Casting $475,000 Machine hours
Assembly 128,000 Direct labor hours
Inspecting 33,250 Number of inspections
Setup 43,650 Number of setups
Materials handling 22,950 Number of loads
Corporate records were obtained to estimate the amount of activity to be used by the two products. The estimated activity-base usage quantities and units produced follow:
Activity Base Entry Dining Total
Machine hours 6,000 13,000 19,000
Direct labor hours 4,800 3,200 8,000
Number of inspections 200 750 950
Number of setups 270 180 450
Number of loads 640 210 850
Units produced 2,200 3,800 6,000
This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.
Open spreadsheet
Determine the activity rate for each activity. If required, round the rate to the nearest dollar.
Activity Activity Rate
Casting $ per machine hour
Assembly $ per direct labor hour
Inspecting $ per inspection
Setup $ per setup
Materials handling $ per load
Use the activity rates in (a) to determine the total and per-unit activity costs associated with each product. Round the per unit rates to the nearest cent.
Product Total Activity Cost Activity Cost Per Unit
Entry Lighting Fixtures $ $
Dining Room Lighting Fixtures $ $

Answers

The Activity rate for each activity are: Casting $25 per machine hour, Assembly $16 per direct labor hours, Inspecting $35 per inspection, Setup $97 per setup, Materials Handling $27 per load.

Activity rate for each activity

a. Activity rate for each activity

Casting: