On December 31 of the current year, Jones Company purchased a building for $100,000, paying $40,000 in cash and signing a 15-year mortgage for the $60,000, taken out at 5% interest. The journal entry to record the purchase of the building would be:

Galaxy Inc. has a tax burden ratio of. 75, an interest burden of. 6, a leverage ratio of 1.25, and a return on sales of 10%. This year the firm makes $2.40 in sales per dollar of assets. What is the firm's ROE? a. 15% b. 11.5% c. 13.5% d. 20%

DW has an ending Retained Earnings balance of $51,400. If during the year DW paid dividends of $4,000 and had net income of $21,600, then what was the beginning Retained Earnings balance?

What is national wealth? a. national wealth is a country's domestic physical and financial assets plus its net foreign assets. b. national wealth is a country's domestic physical assets minus its net foreign assets. c.

At work, Clarissa often takes on the extra duties of ordering all the food and drinks for any celebrations of work anniversaries or birthdays, which seem to occur at least once a month.

One way of shooting a bow is the instinctive aiming method. what is true about this method? you look at the target with the right eye closed. you look at the target with the left eye closed. this method is less versatile than the bowsight method.

Explain how to determine gross profit on an income statement by selecting the correct statement below. Cost of goods sold is added to net sales. Cost of goods sold is added to sales discounts. Sales is subtracted from cost of goods sold.

Which of these is a disadvantage of banking with national retail banks

Emily has been waiting for a promotion to a management position for almost five years. She notices that men fill most of the higher-level jobs in her company. She suspects she is not being promoted because she is female. What term describes this? A.

Below are the account balances for Cowboy Law Firm at the end of December. Accounts Balances Cash $ 3,600 Salaries expense 1,300 Accounts payable 1,600 Retained earnings 4,700 Utilities expense 1,100 Supplies 12,000 Service revenue 7,500 Common

A company has a fiscal year-end of december 31: (1) on october 1, $12,000 was paid for a one-year fire insurance policy; (2) on june 30 the company lent its chief financial officer $10,000; principal and interest at 6% are due in one year;