Business, 05.05.2020 06:10 alonzob2367
Woodward Enterprises had the following events during 2013: The business issued $34,000 of common stock to its stockholders. The business purchased land for $26,000 cash. Services were provided to customers for $30,000 cash. Services were provided to customers for $19,000 on account. The company borrowed $30,000 from the bank. Operating expenses of $26,000 were incurred and paid in cash. Salary expense of $2,200 was accrued. A dividend of $18,000 was paid to the owners of Woodward Enterprises. Assuming the company began operations during 2013, the amount of retained earnings as of December 31, 2013 would be:
Answers: 2
Business, 22.06.2019 20:30, cahree
Afirm wants to strengthen its financial position. which of the following actions would increase its current ratio? a. reduce the company's days' sales outstanding to the industry average and use the resulting cash savings to purchase plant and equipment. b. use cash to repurchase some of the company's own stock. c. borrow using short-term debt and use the proceeds to repay debt that has a maturity of more than one year. d. issue new stock, then use some of the proceeds to purchase additional inventory and hold the remainder as cash. e. use cash to increase inventory holdings.
Answers: 3
Woodward Enterprises had the following events during 2013: The business issued $34,000 of common sto...
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