Trans. No.
Transactions
1 Pamela Wong invested $25,000 in the business.
2 Bought a ne...
Business, 18.03.2021 02:10 angelaisthebest1700
Trans. No.
Transactions
1 Pamela Wong invested $25,000 in the business.
2 Bought a new computer on account from Computer Warehouse, Inc.
for $1,400.
3 Ms. Wong invested office equipment, valued at $650, in the business.
4 Paid the rent for the month, $750, Check 207.
5 Wrote Check 208 for $145 for minor repairs to the equipment.
6 Completed graphics design work on account for Adams, Bell, and Cox,
Inc., $850.
7 Paid the $175 utility bill, Check 209.
8 Deposited the daily design receipts in the bank, $1,200.
9 Sent Check 210 for $700 to Computer Warehouse, Inc. as payment on
account.
10 Received $425 from Adams, Bell, and Cox, Inc.
11 Ms. Wong withdrew $150 for personal needs.
12 Paid the $85 telephone bill, Check 211.
Answers: 2
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Your sister is thinking about starting a new business. the company would require $375,000 of assets, and it would be financed entirely with common stock. she will go forward only if she thinks the firm can provide a 13.5% return on the invested capital, which means that the firm must have an roe of 13.5%. how much net income must be expected to warrant starting the business? a. $41,234b. $43,405c. $45,689d. $48,094e. $50,625
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