What are the main government restrictions on sole proprietorships?

On May 2, Wainwright Company receives a $3,000, 4-month, 10% note from Fulton Company as a settlement of its accounts receivable. What entry will Wainwright Company make when it receives the note on May 2?

What are the two types of discretionary fiscal policy

Strategy refers to a. an organization's long-term course of action designed to deliver a unique customer experience while achieving its goals. b. an organization's corporate tactical or action plan.

Havermill Co. establishes a $270 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated receipts on that date represent $75 for Office Supplies, $141 for merchandise inventory, and $24 for miscellaneous expenses.

Consider the $50,000 excess cash. Assume that Gary invests the funds in a one year CD a. What is the CD s value at maturity (future calue) if it pays 10 percent (annual) interest? b.

A small grocery store sells fresh produce, which it obtains from a local farmer. During the strawberry season, demand for fresh strawberries can be reasonably approximated using a normal distribution with a mean of 40 quarts per day and a standard

Round Hammer is comparing two different capital structures: An all-equity plan (Plan I) and a levered plan (Plan II). Under Plan I, the company would have 180,000 shares of stock outstanding.

In what order are the following financial statements prepared: (1) balance sheet, (2) income statement, and (3) statement of stockholders' equity?

He safest action to take if someone claiming to be from your bank calls you to ask for account information is to:

C. Worthy Ships initially issued 300,000 shares of $1 par stock for $1,500,000 in 2018. In 2020, the company repurchased 30,000 shares for $300,000. In 2021, 15,000 of the repurchased shares were resold for $240,000.