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
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 StatementFor 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 SheetDecember 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 FlowsFor 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
consider a two-factor factorial design with three levels for facts a, three levels for factor b, and four replicates in each of the nine cells
a. how many degrees of freedom are there in determining the A variation and the factor B variation
b. how many degrees of freedom are there in dreaming the interaction variation
c. how many degrees of freedom are there in determining the random variation
d. how many degrees of freedom are there in determining the total variation
Answers
In calculating the factor A variation, there are two degrees of freedom. In determining the variation of factor B, there are two degrees of freedom.
What is a two-factorial design?A two-factor factorial design is an experiment that collects data for all potential values of the two factors of the study. The design is a balanced two-factor factorial design if equivalent sample sizes are used for every of the possible factor combinations.
Suppose we have two components, A and B, each of which has a high number of levels of interest. We will select a random level of component A and a random level of factor B, and n observations will be taken for each experimental combination.
From the data given:
a.
In calculating the factor A variation, there are two degrees of freedom.
In determining the variation of factor B, there are two degrees of freedom.
b.
Finding the degree of freedom using the interaction variation, there are four degrees of freedom.
c.
In finding the random variable, there are 9(4-1) = 27 degrees of freedom.
d.
In calculating the total variable, there are 9*4-1 =35 degrees of freedom.
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Committe.Suppose that a department contains 10 men and 15 women. How manyways are there to form a committee with six members if it must have the same number ofmen and women
Answers
Answer:
There 54,600 ways to form a committee with six members with the same number of men and women.
Step-by-step explanation:
Since we are to form a committee of six members with the same number of men and women, that is
In the committee, we must have 3 men and 3 women.
First we will find the number of ways to form a committee of 3 men out of 10 men and then 3 women out of 15 women, we will then use the product rule to determine the number of ways to form the committee of 3 men and 3 women.
From the combination formula
\(^{n} C_{r} = \frac{n!}{(n-r)!r!}\)
Where n is the number of items is set
and r is the the number of items selected from set
To form a committee of 3 men out of 10 men
Then,
n = 10
and r = 3
∴ \(^{10} C_{3} = \frac{10!}{(10-3)!3!}\)
\(^{10} C_{3} = \frac{10\times9\times8\times 7!}{7!3!}\)
\(^{10} C_{3} = \frac{10\times9\times8}{3!}\)
\(^{10} C_{3} = \frac{10\times9\times8}{6}\)
\(^{10} C_{3} = 120\)
Then,
To form a committee of 3 women out of 15 men
n = 15
r = 3
∴ \(^{15} C_{3} = \frac{15!}{(15-3)!3!}\)
\(^{15} C_{3} = \frac{15\times14\times13\times 12!}{12!3!}\)
\(^{15} C_{3} = \frac{15\times14\times13}{3!}\)
\(^{15} C_{3} = \frac{15\times14\times13}{6}\)
\(^{15} C_{3} = 455\)
Applying the product rule: If there are n ways to do A and m ways to do B, then the number of ways to do A and B is n × m.
Therefore, the number of ways to form a six members committee of 3 men and 3 women is
120 × 455 = 54600
Hence, there 54,600 ways to form a committee with six members with the same number of men and women.
Using the combination formula, it is found that there are 54,600 ways to form the committee.
The order in which the members of the committee are chosen is not important, hence the combination formula is used to solve this question.
Combination formula:
\(C_{n,x}\) is the number of different combinations of x objects from a set of n elements, given by:
\(C_{n,x} = \frac{n!}{x!(n-x)!}\)
In this problem, the committee is formed by:
3 men from a set of 10.3 women from a set of 15.Hence, the number of ways is:
\(T = C_{10,3}C_{15,3} = \frac{10!}{3!7!} \times \frac{15!}{3!12!} = 120 \times 455 = 54600\)
There are 54,600 ways to form the committee.
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One more than twice a number is 11. What is the number?
Answers
hi <3
we can call the unknown number 'n'
lets form an equation
2n + 1 = 11
subtract 1 from both sides:
2n = 10
divide both sides by 2:
n = 5
the number is 5
hope this helps :)
Arrange the steps in order to simplify the expression
Answers
Answer:
Step-by-step explanation:
For step explanation:
1. write the problem
2. distinguishing the neg sign
3. distributing 3
4. moving like terms next to each other through commutative property
5. Combining like terms
6. getting rid of parentheses
An item is priced at $14.29. If the sales tax is 5%, what does the item cost including sales tax?
Answers
Answer:3-5=787879. youu
Step-by-step explanation:
A mother explains to her child that the price on the sign is not the total price for a ladder, because the price does not include tax. She points out that a $24 ladder actually costs $26.40 once the sales tax is added. What is the sales tax percentage?
Write your answer using a percent sign (%).
Answers
Answer:
2.4%
Step-by-step explanation:
Answer:
hi
Step-by-step explanation:
a⃗ =⟨4, −3⟩ and b⃗ =⟨−1,−2⟩.
Represent a⃗ +b⃗ by using the head to tail method.
Use the Vector tool to draw the vectors, complete the head to tail method, and draw a⃗ +b⃗ . Do not draw any unnecessary vectors.
To use the Vector tool, select the initial point and then the terminal point.
Answers
The vector addition of vector a = < 4, - 3 > and b = < - 1, - 2 > is given by,
a + b = < 3, -5 >
The graph of the vector sum is given below.
The addition of vectors suggests the addition of the corresponding components of the involving vectors.
Given the vectors are:
a = < 4, - 3 >
b = < - 1, - 2 >
So doing vector addition we get,
a + b = < 4, - 3 > + < - 1, - 2 > = < (4 + (-1)), (-3+(-2)) > = < (4 - 1), (-3 -2) > = < 3, -5>
Head to tail method is a method to draw vector addition, where the initial point of a vector involved in vector addition is started from tail point of another vector involved in vector addition.
Using vector tool we draw the vector addition of given vectors 'a' and 'b' we get,
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Answer: Look at the image below
Step-by-step explanation: I took the test.
Step 1: Select Vector
Step 2: Click on (0, 0), then click on (4, -3); (for every point your going to have to click on where you start then where you want to go.)
Step 3: Click on (4, -3), then (3, -5). Why?: ((4 - 1), (-3 - 2)) = (3, -5)
Step 4: To complete the problem and thus completing the "head to tail" method, you need to click on the origin (0,0) and finally click on (3, -5)
Your answer should now look like mine, now go get that A.
to solve. 50 - 2) + 53 - 5
Answers
Answer:
96
Step-by-step explanation:
50-2=48 then,
48+53=101 also subtract
101-5=96
Hope it helped brainiest plz and thank you.
find the angle of elevation of a kite on a 50m
string flying 40m vertically above the ground.
Answers
x= sin^-1(40/50)
x= 53.1301023542—>53.1 rounded to the nearest tenth
angle of elevation is 53.1
The angle of elevation of a kite is 53.13°
What is angle of elevation?"It is the angle formed by the line of sight and the horizontal plane for an object above the horizontal surface."
What is sine angle?"For a right triangle, the sine of acute angle \(\theta\) is,
\(sin(\theta)=\frac{opposite ~side}{hypotenuse}\)"
For given question,
Consider the following diagram for given question.
The length of the string (AC) = 50m
The kite is flying 40m vertically above the ground.
⇒AB = 40m
We need to find the angle of elevation \(\theta\)
Consider the sine of angle \(\theta\)
\(\Rightarrow sin(\theta)=\frac{AB}{AC} \\\\\Rightarrow sin(\theta)=\frac{40}{50}\\\\\Rightarrow sin(\theta)=0.8\\\\\Rightarrow \theta=sin^{-1}(0.8)\\\\\Rightarrow \theta=53.13^{\circ}\)
Therefore, the angle of elevation of a kite is 53.13°
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What's the GCF of 32a, and 48b
Answers
How do I know a table is linear
Answers
Answer:
You can tell if a table is linear by looking at how X and Y change. If, as X increases by 1, Y increases by a constant rate, then a table is linear.
Step-by-step explanation:
Hope this helped~
Answer:
You can tell if a table is linear by looking at how X and Y change.If,as X increases by 1, Y increases by a constant rate,then a table is linear.
Joel received a $8.00 tip from a customer who had a $50.00 bill.
Which decimal represents the fraction of the bill Joel received as a tip?
A 0.08
B 0.16
C 0.22
D 0.625
Answers
Answer:
The answer is D
Step-by-step explanation:
Find a format option that would result in the following output format:
>> 5/16 + 2/7ans = 67/112
Answers
The format option that would result in the following output format:
>> 5/16 + 2/7ans = 67/112 is format compact; format rational; format shortG;
To achieve the desired output format of ">> 5/16 + 2/7ans = 67/112", you can use the following format option in MATLAB:
>> format compact; format rational; format shortG;
This sets the format to:
compact, to suppress excess blank lines in output
rational, to display fractions instead of decimal approximations
shortG, to display numbers in short format
With this format option, MATLAB will display the result of the computation as a fraction, and the output will be compact and free of excessive whitespace.
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I rent a gym for $150 for 30 students. Another time I rent the gym for $350 for 70 students. What is my rate per student?
Answers
Answer:
The rate is 5 dollars per student.
Step-by-step explanation:
The rate per student can be found with \(\frac{dollars}{student}\):
\(\frac{150dollars}{30student}=5\frac{dollars}{student}\\\\\frac{350dollars}{70student}=5\frac{dollars}{student}\)
The rate is 5 dollars per student.
I need help with math ngl
Answers
Answer:
Oldest to newest:
10^-35, 10 ^-10, 0
Step-by-step explanation:
Scientific notation
To figure out the power of 10 think "how many places do I move the decimal point?"
When the number is 10 or greater the decimal point moves to the left, and the power of 10 is positive.
When the number is smaller than 1 the decimal point moves to the right, so the power of 10 is negative.
NEED HELP ASAP!!
Using Jefferson’s method
Answers
Using Jefferson’s method, the number of tutors to allocate to each subject is = 8,8,3,2 tutors to each of the subjects
What is Jefferson's method of allocation? Determine how many people each representative should represent. Do this by dividing the total tutors by subject total. This answer is called the standard divisor.Divide each subject by the divisor to determine how many tutors each subject gets. This answer is called the quota.Cut off all the decimal parts of all the quotasIf the total is less than the total number of tutors reduce the divisor and recalculate the quota and allocation.Subjects students enrolment tutors to assign Aprx tutors
Maths 355 8.4 8
English 325 7.7 8
Chem 135 3.2 3
Biology 75 1.8 2
Total 890 21
Total number of tutors to be allocated is = 21
Using ratios to divide we have
English = 355/890 * 21/1 = 8.476
Maths = 325/890 *21 = 7.668
chem = 135/890 * 21 = 3.185
Biology = 75/890 *21 = 1.76966
Approximate the total to get 8+8+3+2 = 21 tutors
the method division used here is ratio of number of students in each subject
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What is the image of (-9,12)(−9,12) after a dilation by a scale factor of \frac{1}{3} 3 1 centered at the origin?
Answers
The image of (-9,12) after a dilation by a scale factor of 1/3 centered at the origin is (-3,4).
In the given question,
We have to find the image of (-9,12) after a dilation by a scale factor of 1/3 centered at the origin.
Since we have to find the image after a dilation.
So we learn about it now,
Any scale factor will dilate the image of any coordinate. A specific scale factor can be used to scale the coordinate up or down. To determine the answer, consider the scale factor in the equation and multiply or divide the coordinates of dilation by the appropriate scale factor.
So the given point is (-9,12).
Scale factor is 1/3.
So the image of (-9,12) after a dilation by a scale factor of 1/3 centered at the origin is define as
=(-9×1/3,12×1/3)
Simplifying
=(-3,4)
Hence, the image of (-9,12) after a dilation by a scale factor of 1/3 centered at the origin is (-3,4).
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find the steps to find the inverse
Answers
The inverse of f(x) = x^(7/9) using exponential notation is f(x) = x^(9/7)
what are inverse functions?An inverse function in mathematics is a function that "undoes" another function.
In other words, if f(x) yields y, then y entered into the inverse of f yields the output x.
An invertible function is one that has an inverse, and the inverse is represented by the symbol f⁻¹.
How to find the inverse functionThe given function is of the form
f(x) = x^(7/9), this is equivalent to ⁹√x⁷
say f(x) = y, then
f(x) = y = x^(7/9)
y = x^(7/9)
solving for the inverse, of y = x^(7/9)
y = x^(7/9)
y^(9/7) = x
interchanging the letters
y = x^(9/7)
hence the inverse function is solved to be f⁻¹(x) = x^(9/7)
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Express the sum of the angles of this triangle in two different ways.
X
1/2x
3/2x
Answers
The sum of the angles of the triangle expressed in two ways are x + 1/2x + 3/2x and 2x + x + 3x/2
How to determine the expressionIt is important to note that the sum of the angles of a triangle is equal or equivalent to 180 degrees.
We have the angle measurements as;
x3/2x1/2xSubstitute the values
x + 1/2 x + 3/2x = 180
Find the lowest common multiple
2x + x + 3x /2 = 180
Add the numerators
6x/2 = 180
cross multiply
6x = 360
x = 60
Hence, the expression is x + 1/2x + 3/2x and 2x + x + 3x/2
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-7,-3,1,5,9
its about numeric and gemetric pattern how do we do it until to 10th term with clear styppes easy and answers too
Answers
-7 + 4(n-1). Use this and plug in 10 for n, making it
-7 + 4(9)
-7+36
29
The function below relates a person's visibility, v, in miles to their altitude, a, in feet above ground.
v = 1.225 √ā
On a clear day the visibility at the top of Chimney Rock in the Catoctin Mountains in western Maryland is
46 miles.
Which is the best estimate for the altitude at the top of Chimney Rock?
Answers
Answer: 26
Step-by-step explanation:
26
Answer: 26
Step-by-step explanation:
A coin is flipped 8 times. Find the probability of the event:
exactly 6 heads
Answers
Answer:
P(E)=56256=732. Step-by-step explanation:
Thus, the probability of getting exactly 3 heads when a coin is flipped 8 times in a row
There are no outliers for the data.
Answers
Answer:
Except me. The Alpha leaders don't fit in.
Need answer ASAP. Will give brainliest
Answers
Answer:
b
Step-by-step explanation:
V 34
Answer:
B
Step-by-step explanation:
credit to the other person
Imagine math Item 994395
Start with the equation 0.2=0 to explain why -4-2 must equal -8.
Drag descriptions and equations to the table to complete the explanation.
Answers
In order to explain why -4 - 2 equals -8, let's start with the equation 0.2 = 0. By analyzing this equation, we can uncover the reason behind this seemingly counterintuitive result.
1. Begin with the equation 0.2 = 0.
2. Subtract 0.2 from both sides of the equation to isolate the variable: 0.2 - 0.2 = 0 - 0.2.
This simplifies to 0 = -0.2.
3. Observe that the right side of the equation, -0.2, is a negative number.
4. Recall that subtracting a negative number is equivalent to adding its positive counterpart. Therefore, -0.2 is the same as +0.2.
5. Rewrite the equation as 0 = +0.2.
6. Notice that 0 on the left side of the equation is equal to 0 + 0, since any number added to zero remains unchanged.
7. Substitute 0 + 0 for 0 in the equation: 0 + 0 = +0.2.
8. Simplify the equation to 0 = +0.2.
9. Finally, recognize that a positive number cannot equal zero. Hence, the equation 0 = +0.2 is false.
10. As a result, the original equation 0.2 = 0 is invalid.
11. Therefore, the logical consequence is that any subsequent deductions based on this invalid equation would also be incorrect.
12. Consequently, -4 - 2 does not equal -8, as per the explanation derived from the flawed equation.
To summarize, by analyzing the equation 0.2 = 0, we can determine that subsequent deductions based on this equation are incorrect. Hence, -4 - 2 does not equal -8.
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State all integer values of x in the interval [-4,3] that satisfy the following inequality 5x-5> -20
![State all integer values of x in the interval [-4,3] that satisfy the following inequality 5x-5> -20](https://i5t5.c14.e2-1.dev/h-images-qa/contents/attachments/7ithRngREnW9ucOM8rZxgec4DEyySqoH.jpeg)
Answers
Inequality:
\(5x-5>-20\)The integer values included in [-4, 3] are: -4, -3, -2, -1, 0, 1, 2, and 3.
To know which are included, we have to solve the inequality as follows:
\(5x-5+5>-20+5\)\(5x>-15\)\(x>-\frac{15}{5}\)\(x>-3\)Then, all the values greater than -3 are included, but not -3.
Answer: x = -2, -1, 0, 1, 2, and 3.
Of 38 cities, 7 have a lake and 21 have a river running through them. What fraction of these 38 cities have a lake or a river running through them? Show your work. Which expression can be used to find the fraction of cities that have a lake or a river running through them? Select the correct choice and fill in the answer box to complete your choice.
Answers
The product of a number and 10
Answers
The circumstance of a circle is 36pi inches what is the radius for this circle
Answers
Circumference = 2pi*r
r = radius
In our problem,
circumference = 36pi
r = ?
Let's plug our values into the formula above.
36pi = 2pi * r
Divide both sides by 2pi
18 = r
If Q1=5 and Q3=15, what is the Interquartile range (IQR) and what does it tell you about the data?