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please show work QUESTION 42 1. A company purchased $3300 worth of merchandise. Transportation costs were an additional $290. The company returned $230 worth of
please show work QUESTION 42 1. A company purchased $3300 worth of merchandise. Transportation costs were an additional $290. The company returned $230 worth of merchandise and then paid the invoice within the 3% cash discount period. The total cost of this merchandise is: $3267.90. $3360.00. $3261.00. $3240.00. $3093.00. Q 1. A company's current assets are $28,920, its quick assets are $16,090 and its current liabilities are $12,770. Its acid-test ratio equals: 1.26. 2.26. 1.23. 0.79. 0.44. Q Wiley Hill opened Hill's Repairs on March 1 of the current year. During March, the following transactions occurred: 1. Wiley invested $26,000 cash in the business in exchange for common stock. 2. Wiley contributed $101,000 of equipment to the business in exchange for common stock. 3. The company paid $2100 cash to rent office space for the month of March. 4. The company received $17,000 cash for repair services provided during March. 5. The company paid $6300 for salaries for the month of March. 6. The company provided $3100 of services to customers on account. 7. The company paid cash of $600 for utilities for the month of March. 8. The company received $3200 cash in advance from a customer for repair services to be provided in April. 9. The company paid $5100 in cash dividends. Based on this information, the total amount of stockholders' equity reported on the balance sheet at the end of March would be: $136,200. $14,500. $8300. $127,800. $133,000. QUESTION 1. A company has beginning inventory of 11 units at a cost of $29 each on February 1. On February 3, it purchases 39 units at $31 each. 17 units are sold on February 5. Using the FIFO periodic inventory method, what is the cost of the 17 units that are sold? $493 $522 $532 $505 $509 QUESTION 1. A company's balance sheet shows: cash $42,000, accounts receivable $48,000, equipment $86,000, and equity $90,000. What is the amount of liabilities? $166,000. $176,000. $89,000. $266,000. $86,000.
QUESTION 42
1. A company purchased $3300 worth of merchandise. Transportation costs were an additional $290. The company returned $230 worth of merchandise and then paid the invoice within the 3% cash discount period. The total cost of this merchandise is:
$3267.90.
$3360.00.
$3261.00.
$3240.00.
$3093.00.
Q
1. A company's current assets are $28,920, its quick assets are $16,090 and its current liabilities are $12,770. Its acid-test ratio equals:
1.26.
2.26.
1.23.
0.79.
0.44.
Q
Wiley Hill opened Hill's Repairs on March 1 of the current year. During March, the following transactions occurred:
1. Wiley invested $26,000 cash in the business in exchange for common stock.
2. Wiley contributed $101,000 of equipment to the business in exchange for common stock.
3. The company paid $2100 cash to rent office space for the month of March.
4. The company received $17,000 cash for repair services provided during March.
5. The company paid $6300 for salaries for the month of March.
6. The company provided $3100 of services to customers on account.
7. The company paid cash of $600 for utilities for the month of March.
8. The company received $3200 cash in advance from a customer for repair services to be provided in April.
9. The company paid $5100 in cash dividends.
Based on this information, the total amount of stockholders' equity reported on the balance sheet at the end of March would be:
$136,200.
$14,500.
$8300.
$127,800.
$133,000.
QUESTION
1. A company has beginning inventory of 11 units at a cost of $29 each on February 1. On February 3, it purchases 39 units at $31 each. 17 units are sold on February 5. Using the FIFO periodic inventory method, what is the cost of the 17 units that are sold?
$493
$522
$532
$505
$509
QUESTION
1. A company's balance sheet shows: cash $42,000, accounts receivable $48,000, equipment $86,000, and equity $90,000. What is the amount of liabilities?
$166,000.
$176,000.
$89,000.
$266,000.
$86,000.
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