Suppose that the firm operates in a perfectly competitive market. The market price of his
product is$10. The firm estimates its cost of production with the following cost function:
TC=10q-4q2+q3
Trading inventory purchased $875.00,how do you record in a creditor journal?
Record the following transactions using the accounting equation and T accounts.
1.Owner contributed $50,000 in cash for company stock.
2.Purchased building for $120,000
owner contributed $50,000 in cash for company stock
Debit Accounts Payable
Credit Cash
Credit Purchases/Discounts
Debit Cash
Credit Notes Payable
Debit Inventory/Purchases
Credit Accounts Payable
Debit Cash
Credit Interest Revenue
Debit Notes Receivable
Credit Discount on Notes Receivable
Credit Cash
Debit Discount on Notes Receivable
Credit Interest Revenue
Debit Cash
Debit Discount on Notes Payable
Credit Interest Revenue
If in the question didn't mention about the mode of purchase transaction is furniture purchase worth rs. 300000 what is the accounting equation ?
Assets 300000= liability0+capital 300000 y capital 300000 but it increases assets by purchasing furniture
Complete the table for the two companies using the information given below.
Company P
Earnings
€ 6000000
Retained earnings
€ 3500000
Distributed earnings
€ 2500000
Number of shares
10000000
Current price of share
€ 5.00
Dividend per share ?
Yield ?
Earnings per share (EPS) ?
Price/ Earnings (P/E) ratio ?
Company Q
Earnings
€ 6000000
Retained earnings
€ 5000000
Distributed earnings
€ 1000000
Number of shares
5000000
Current price of share
€ 6.00
Dividend per share
Yield ?
Earnings per share (EPS) ?
Price/ Earnings (P/E) ratio ?
liquid asset $6,80,000, Inventories $1,90,000 , prepaid expenses $10,000, working assets $2,00,000. calculate the current ratio and quick ratio
What is the difference between Interest Accrued and Interest Expense?
Can you give me a simple definition and example to understand this concept? Thank you.