Blog

Assume the owner of JoJo Company, Jo Johnson, has capital of $80,000 on January 1, 20Y9 and net income for the company as determined on the income statement for December 31, 20Y9 of $55,550.  Further assume the Mr. Johnson invested an additional $50,000 in the business and withdrew $30,000 for personal use. What would be the amount for Jo Johnson, capital on December 31, 20Y9 as determined by the statement of owner’s equity?

Which individual would not be eligible to serve as governor of Texas?

Mantle Corporation is considering two equally risky investments: ∙         A $5,000 investment in preferred stock that yields 6.95%.∙         A $5,000 investment in a corporate bond that yields 10.00%.What is the breakeven corporate tax rate that makes the company indifferent between the two investments? Assume a 70.00% dividend exclusion for tax on dividends. (Do not round your intermediate answer and round your final answer to two decimal places.)

A 35-year-old female presents with an incidental finding of a liver mass during a routine ultrasound. The mass is hyperechoic with posterior enhancement and no significant color Doppler flow. Which is the most likely diagnosis?

 Since 1974, the length v . Since 1974, the length of the Texas governor’s term has been set at  _____ years. of the Texas governor’s term has been set at  _____ years.

What is the significance of a hepatic artery waveform with parvus tardus?

Assume that the risk-free rate remains constant, but the market risk premium declines. Which of the following is most likely to occur?

Assume that the chart of accounts for Roth Co. includes the following accounts:  Cash, Accounts Receivable, Equipment, Accounts Payable, Sam Roth, Capital, Sam Roth, Drawing, Fees Earned, Salary Expenses, and Utilities Expense. On July 3, Roth Co. purchased equipment on account, $5,000.  Using the chart of accounts above, indicate the account that should be recorded in the Description column of the Journal item (1) as the debit account for the $5,000 amount.                                                  JOURNAL                                              page 2   date description p.ref. debit CREDIT 7/03/Y6 (1)   $5,000       (2)     $5,000    

Assume that the chart of accounts for Roth Co. includes the following accounts:  Cash, Accounts Receivable, Equipment, Accounts Payable, Sam Roth, Capital, Sam Roth, Drawing, Fees Earned, Salary Expenses, and Utilities Expense. On July 8, the company received cash from a cash customer for cash job completed $10,000.  Using the chart of accounts above, indicate the account that should be recorded in the Description column of the Journal item (1) as the debit account for the $10,000 amount.                                         JOURNAL                                            page 2   date description p.ref. debit CREDIT 7/08/Y6 (1)   $10,000       (2)     $10,000      

The Texas Senate has _____ members.