Use the following financial statements and additional information.
ONPOINT INCORPORATED
Comparative Balance Sheets
June 30, 2019 and 2018
2019 2018
Assets Cash $ 127,700 $ 74,600
Accounts receivable, net 70,000 55,000
Inventory 65,000 90,000
Prepaid expenses 4,500 5,600
Total current assets 267,200 225,200
Equipment 131,000 121,000
Accumulated depreciation—Equipment (33,000) (11,000)
Total assets $ 365,200 $ 335,200
Liabilities and Equity Accounts payable $ 28,000 $ 34,000
Wages payable 7,000 17,000
Income taxes payable 3,800 4,200
Total current liabilities 38,800 55,200
Notes payable (long term) 35,000 70,000
Total liabilities 73,800 125,200
Equity Common stock, $5 par value 250,000 180,000
Retained earnings 41,400 30,000
Total liabilities and equity $ 365,200 $ 335,200
ONPOINT INCORPORATED
Income Statement
For Year Ended June 30, 2019
Sales $ 699,000
Cost of goods sold 427,000
Gross profit 272,000
Operating expenses Depreciation expense $ 61,000 Other expenses 69,000 Total operating expenses $ 130,000
142,000
Other gains (losses) Gain on sale of equipment 2,200
Income before taxes 144,200
Income taxes expense 44,140
Net income $ 100,060
Additional Information
A $35,000 note payable is retired at its $35,000 carrying (book) value in exchange for cash.
The only changes affecting retained earnings are net income and cash dividends paid.
New equipment is acquired for $60,000 cash.
Received cash for the sale of equipment that had cost $50,000, yielding a $2,200 gain.
Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement.
All purchases and sales of inventory are on credit.
Answers
To analyze the given information, we can focus on the changes in the balance sheet accounts and the additional information provided. Here are the key points to consider:
Retired Note Payable: A $35,000 note payable was retired at its carrying value in exchange for cash. This transaction affects the liabilities section of the balance sheet. The notes payable balance decreases by $35,000. Changes in Equipment: New equipment was acquired for $60,000 cash, which increases the equipment balance by $60,000. Additionally, there is accumulated depreciation on the equipment, which has increased from $11,000 to $33,000, indicating depreciation expense of $22,000 during the year. Sale of Equipment: Equipment was sold for an amount that resulted in a $2,200 gain. The cost of the equipment was $50,000, and the gain on the sale is recorded as other gains (losses) in the income statement. Prepaid Expenses and Wages Payable: The prepaid expenses and wages payable accounts relate to other expenses on the income statement. Any changes in these accounts will impact the current liabilities section of the balance sheet.
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Related Questions
1.What is MONEY?
2.did MONEY help you?
pls ans im back
Answers
2. money helps with you being able to afford things. Money can get you a house, a tv, or even a phone.
explain four reason international countries choose jamaica to do business
Answers
The four reasons international countries choose Jamaica to do business are below in the below segment.
Although Jamaica seems to be a mid-income country with the highest average class, its low unemployment level has been one of the nation's most slow-growing economies.Considering Jamaica's economy's significance for commercial transactions, trade may be a major driving force for population development.For almost all such renewable sources, such as the production of energy, Jamaica consumes gasoline (petroleum).Another important feature of attention was knowledge and awareness-raising of trade trends among personal and corporate players but also civilized society.
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Dana solomon is a partner in the firm seiner & wliner, cpas. the firm prepared the audited financial statements of hamilton inc for the year ended dec 31, 20x1 and issued its report on february 18, 20x2. hamilton inc is publicly traded corporation. dana solomon was the lead partner in charge of the hamilton, inc audit for the year ended december 31, 20x1. dana solomon has been offered a position as the cfo of hamilton, inc. under the california accountancy act, what is the earliest date that dana solomo may accept this position?
a) january 1,20x2
b) february 19, 20x3
c) january 1, 20x3
d) february 19, 20x2
Answers
According to the California Accountancy Act, Dana Solomon can start working in this capacity no earlier than February 19, 2003. The answer of above question is option (b).
What is California Accountancy Act?The California Accountancy Act, often known as the CAA, is a liberal collection of rules created by the California Accountancy Board, a framework made up of all of California's CPAs. The Board is empowered by the Act to oversee, punish, and license CPAs. To make sure they are following the guidelines, the CPAs must examine the Act.
The California Accountancy Act (CAA), which was passed by the California Board of Accountancy, serves as the state's complete regulatory framework for CPAs.
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When deciding where and how many ads to run in the digital age, what do advertisers have to consider most?
oa. customer fatigue with commercials
ob.
dilution of the brand across commercials
oc.
poor economy of scale in advertising
o d.
lack of interest in products
Answers
While deciding about where and how many ads needed to be run through digital advertising, the advertisers must consider the customer fatigue associated with their commercials.
Option A is the correct answer.
Who is a customer?A customer is an individual who acquires a product from the market through an ad telecasted on electronic devices.
Customer fatigue arises when the customers are losing interest in the advertisements of the company as the ads repetitively come on every digital device. it is important for the advertisers to decide on which medium they are required to advertise their ads and how many ads needed to be advertised so that the interest of the public cannot lose over it.
Therefore, customer fatigue needs to be considered when making a decision about where and how many ads need to advertise.
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application of nuclear energy
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Answer:
हिंदी में खोजें
एप्लीकेशन ऑफ नुक्लेअर एनर्जी
Applications of nuclear energy
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Background: Nuclear energy can be used for various industrial applications, such as seawater desalination, hydrogen production, district heating or cooling, the extraction of tertiary oil resources and process heat applications such as cogeneration, coal to liquids conversion and assistance in the synthesis of chemical.
true or false: in many industries, the primary sources of new technology are the organizations that use it.
Answers
The firms that employ new technology are the principal sources of new technology in many sectors. This is true.
What are the main sources of technology?People, information, materials, tools and equipment, energy, capital, and time are all resources used by any technological system. People's needs drive technology, and people's needs drive technology. Computers, workstations, laptops, tablets, phones, servers, switches, modems, routers, and/or any other hardware, software (local, hosted, or cloud-based), accounts, and technological equipment, tools, or accessories are examples of technology resources.
Three sources of technical change are particularly important to the process of technological development: R&D, learning-by-doing, and spillovers.
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ventuer capital manegement fees are paid no matter what the returns of the fund are. true or false
Answers
Answer:
Venture capital firms get paid through two revenue streams: management fees and carried interest. Management fees are an annual payment made by investors to the venture capital firm to cover its operational expenses. The fee is usually around 2%. Carried interest is a performance incentive paid to the venture capital.
Therefore, the answer is True.
Suppose the rate of return on a 10-year T-bond is 5.00% and that on a 10-year Treasury Inflation Protected Security (TIP) is 2.10%. Suppose further that the expected average rate of inflation over the next 10 years is 2.0%, that the MRP on a 10-year T-bond is 0.9%, that no MRP is required on TIPs, and that no liquidity premiums are required on any T-bonds. Given this data, what is the real risk free rate of return, r*? Disregard cross-product terms, i.e., if averaging is required, use the arithmetic average.
Answers
Answer:
2.06%
Explanation:
in order to determine the real risk free rate of return we can use the following formula:
real risk free rate = [(1 + T-bond yield - T-bond maturity risk premium) / (1 + inflation rate)] -1
real risk free rate = [(1 + 5% - 0.9%) / (1 + 2%)] -1 = (1.041 / 1.02) - 1 = 1.0206 - 1 = 0.0206 = 2.06%
Giselle: The government needs to ensure that the public consumes less petroleum. When things cost more, people buy and use less of them. Therefore, the government should raise the sales tax on gasoline, a major petroleum product. Antoine: The government should not raise the sales tax on gasoline. Such an increase would be unfair to gasoline users. If taxes are to be increased, the increases should be applied in such a way that they spread the burden of providing the government with increased revenues among many people, not just the users of gasoline. As a rebuttal of Giselle's argument, Antoine's response is ineffective because A he ignores the fact that Giselle does not base her argument for raising the gasoline sales tax on the government's need for increased revenues B he fails to specify how many taxpayers there are who are not gasoline users C his conclusion is based on an assertion regarding unfairness, and unfairness is a very subjective concept D he mistakenly assumes that Giselle wants a sales tax increase only on gasoline E he makes the implausible assumption that the burden of increasing government revenues can be more evenly distributed among the people through other means besides increasing the gasoline sales tax
Answers
Answer: Difficult, but I choose C: His conclusion is based on an assertion regarding unfairness, and unfairness is a very subjective concept.
Explanation: The ineffectiveness in Antoine's argument is, in my mind, that he is ignoring the purpose of the gasoline tax increase. The purpose is to limit petroleum consumption, not to increase revenues. The increased revenue, in fact, could be used to lower taxes. While his argument does seem to address fairness, that doesn't apply here. In fact, it would be unfair to add taxes to people who don't consume much petroleum. Furthermore, his plan would do nothing to direcly reduce petroleum consumption. Choice C came closest to this line of thought.
Now it's your turn. What do these examples inspire you to think about in terms of your own purpose?
How can you use your digital footprint to make a positive impact on the world? To begin answering
these very big questions, choose two of the brainstorming questions (one from each group) and write a
short response for each. When you're done, be prepared to share your ideas with a partner.
Brainstorming Questions
Response 1 Questions (Choose one)
1. What problems, either in your school or community, or in the world, are you concerned about?
Which ones do you most want to be solved?
2. What person, group, or event inspires you the most? Why? How could they or it be a model for your
own life?
3. What activities or experiences in your life have been the most enjoyable? Why do you think that is?
Response #1
I chose question #
Answers
Your online identity, uniqueness, and digital footprint are what define you as a person. Depending on what you do online, it develops your online reputation or impression.
Who, what, or what event most inspires you? Why? How could it or they serve as a role model for your life?Judith K. Rowling - No one can deny this British native's success, regardless of whether you're a Harry Potter fan or not. The estimated $15 billion valuation of the Harry Potter empire (yes, you read that correctly).
Many people are unaware of Rowling's difficult past, which occurred immediately before the publication of her books.
She wed, endured abuse, gave birth to a daughter, and then filed for divorce from her husband. She had to enroll herself on welfare in order to survive after losing her mother to MS.
Furthermore, every major British publishing business turned down the first Harry Potter novel. One ultimately said yes, and the business was off and running.
J.K. Rowling is an inspirational author because she uplifts kids, establishes strong female role models, and lends her creativity and generosity to charities and rising teenagers.
"Dwelling on dreams while ignoring the present is not healthy." J. K. Rowling
Even if everything is bad, there is still hope for improvement. There are obstacles at every turn, so keep going.
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A borrower can obtain an 80 percent loan with an 8% interest rate and monthly payments. The loan is to be fully amortized over 25 years. Alternatively, he could obtain a 90 percent loan at an 8.5% rate with the same loan term. The borrower plans to own the property for the entire loan term.
a. What is the incremental cost (%) of borrowing the additional funds? (Hint: the dollar amount of the loan does not affect the answer)
b. How would your answer change if two points were charged on the 90 percent loan?c. Would your answer to part (b) change if the borrower planned to own the property for only ve years?
Answers
Answer:
(a) 12.26037049%
(b) 15.34868967%
(c) 17.9626%
Explanation:
(a)
= \(RATE(12\times 25,PMT(\frac{8.5 \ percent}{12} ,12\times 25,1\times 90 \ percent)-PMT(\frac{8 \ percent}{12} ,12\times 25,1\times 80 \ percent),1\times 90\ percent-1\times 80 \ percent)\times 12\)
= \(12.26037049\)%
(b)
= \(RATE(12\times 25,PMT(\frac{8.5 \ percent}{12} ,12\times 25,1\times 90 \ percent)-PMT(\frac{8 \ percent}{12} ,12\times 25,1\times 80 \ percent),1\times 90 \ percent\times (1-2 \ percent)-1 \times 80 \ percent)\times 12\)
= \(15.34868967\)%
(c)
= \([RATE(12\times 5,-PMT(\frac{8.5 \ percent}{12} ,12\times 25,1\times 90 \ percent)+PMT(\frac{8 \ percent}{12} ,12\times 25,1\times 80 \ percent),-1\times 90 \ percent\times (1-2 \ percent)+1\times 80 \ percent],-[FV(\frac{8.5 \ percent}{12} ,12\times 5,PMT(\frac{8.5 \ percent}{12} ,12\times 25,1\times 90 \ percent),1\times 90 \ percent)]+[FV(\frac{8 \ percent}{12} ,12\times 5,PMT(\frac{8 \ percent}{12} ,12\times 25,1\times 80 \ percent),1\times 80 \ percent))\times 12]\)= \(17.9626\)%
Note: percent = %
The goal of any exchange is that the parties to the transaction be?
Answers
The goal of a marketing exchange is to obtain something that is more desired than what is given up to obtain it. In other words, the gain exceeds the expenditures.
Fourth, the trade participants must be able to communicate with one another in order to make their valuable items available. For an exchange to take place, four conditions must be met: (1) Two or more individuals, groups, or organizations must participate, and each must own something of value that the other party desires; (2) the exchange must benefit or satisfy both parties involved in the transaction; (3) each participant must participate.
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homework libABC Inc. uses a machine that can produce 95 cranks per hour. The firm operates 9 hours per day, six days per week. Due to regularly scheduled preventive maintenance, the firm expects the machine to be running during approximately 90% of the available time. Based on experience with other products, the firm expects to achieve an efficiency level for the cranks of 80%. What is the expected weekly output of cranks for this company
Answers
The expected weekly cranks output should be 3,693.60.
The following formula should be applied:
= Number of cranks produced per hour × number of hours operated per day × number of days per week × expected machine running percentage × efficiency level
= 95 × 9 × 6 × 90% × 80%
= 3,693.60
Therefore we can conclude that The expected weekly cranks output should be 3,693.60.
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Leah is buying a car. She has saved money for a down payment, and she takes out a loan to finance the rest of the amount owed. How much will Leah have to pay back?
A. The principal only
B. The principal minus the down payment
C. The down payment only
D. The principal plus interest
Answers
Answer:
Answer: D
Explanation:
Leah takes out a loan to finance the rest of the amount owed. She will have to pay back the principal plus interest. The appropriate response is option D.
What is the principal ?The principal of a loan is the sum that was initially borrowed and is still owing. Any accrued but unpaid interest related to the loan is not included in this sum. The phrase can also be used to describe the principal party to a contract or other type of commercial transaction.
The principal serves as the cornerstone upon which everything else is paid off or constructed, respectively, for both loans and investment accounts.
When a debt is incurred by the borrowing of money, interest is the sum that is charged. It may take a company or person some time to pay off a debt, so interest is frequently charged on a regular basis to promote prompt repayment of the initial sum.
Simple interest and compound interest are the two methods for calculating interest. Simple interest is calculated on a loan's principal. Compound interest is often referred to as "interest on interest".
Hence, the appropriate response is option D.
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Which best diagrams the correct obstacle to the example?
Economic obstacle: Cort is struggling to get a job in construction because many businesses have closed down due to no work. Time obstacle: Francis has two more months to get a job as a practicing electrician before his certification expires. Financial obstacle: Sally wants to open her own business, but was denied a loan from the bank. Motivational obstacle: Rory wants to switch from a surgeon to a pediatrician so he can be happy working with children.
Time obstacle: Cort is struggling to get a job in construction because many businesses have closed down due to no work. Economic obstacle: Francis has two more months to get a job as a practicing electrician before his certification expires. Financial obstacle: Sally wants to open her own business, but was denied a loan from the bank. Motivational obstacle: Rory wants to switch from a surgeon to a pediatrician so he can be happy working with children.
Financial obstacle: Cort is struggling to get a job in construction because many businesses have closed down due to no work. Economic obstacle: Francis has two more months to get a job as a practicing electrician before his certification expires. Motivational obstacle: Sally wants to open her own business, but was denied a loan from the bank. Time obstacle: Rory wants to switch from a surgeon to a pediatrician so he can be happy working with children.
Economic obstacle: Cort is struggling to get a job in construction because many businesses have closed down due to no work. Motivational obstacle: Francis has two more months to get a job as a practicing electrician before his certification expires. Financial obstacle: Sally wants to open her own business, but was denied a loan from the bank. Time obstacle: Rory wants to switch from a surgeon to a pediatrician so he can be happy working with children.
Answers
Answer:
a
Explanation:
i just took the unit text and got a 100%
write the
5 imp of professsion
Answers
2. Positive attitude
3. Conflict resolution
4. Helpfulness
5. Integrity
there’s more!!
FILL IN THE BLANK. in macroeconomics, ___ describes a situation in which two people each want to exchange some good or service that the other can provide.
Answers
Answer: a double coincidence of wants
Explanation:
a double coincidence of wants is a situation in which two people each want to exchange some good or service others can provide
In macroeconomics, money describes a state in which two people want to trade some good or service that the other person can provide.
What is money?Money is any commodity or verifiable record that is widely recognized in a given country or socioeconomic environment as payment for products and services and repayment of debts, such as taxes.
Money is widely acknowledged as a vehicle of economic exchange. It is the means for expressing prices and values. It is the primary measure of wealth and circulates from person to person and country to country, promoting commerce.
Money in macroeconomics refers to a situation in which two individuals wish to exchange some item or service that the other person can give. Money is defined as any good that is commonly utilized and accepted in transactions involving the exchange of goods and services from one person to another.
Therefore, it is money.
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how does inflation and deflation affect economic growth
Answers
Answer:
Inflation affects growth by changing the labor supply and demand, and thus reducing aggregate employment in the sector that is subject to increasing returns. The reduction in the level of employment will reduce the marginal productivity of capital.
If deflation is exacerbated, it can throw an economy into a deflationary spiral. This happens when price decreases lead to lower production levels, which, in turn, leads to lower wages, which leads to lower demand by businesses and consumers, which lead to further decreases in prices.
magma math: given a spherical magma body with a radius of 5.8 meters and a cubical magma body with sides of length 9.35 meters, in which body of magma is the magma likely to cool more quickly
Choose one:
A. The magma will cool at the same rate for both magma bodies.
B. There is not enough information provided to answer the question.
C. The magma will cool more quickly in the cubical magma body.
D. The magma will cool more quickly in the spherical magma body.
Answers
A spherical magma body with a radius of 5.8 meters and a cubical magma body with sides of length 9.35 meters, in which body of magma is the magma likely to cool more quickly .The magma will cool more quickly in the cubical magma body.
This is because the surface area-to-volume ratio of the cubical magma body is larger than that of the spherical magma body. The rate of cooling depends on the surface area available for heat loss, and since the surface area of the cubical magma body is greater than that of the spherical magma body, the cubical magma body will cool more quickly.
Additionally, the corners of the cubical magma body provide even more surface area for heat loss compared to the smooth surface of the spherical magma body.
The rate of cooling of a body of magma (or any object, for that matter) depends on several factors, including its surface area, its volume, and its thermal conductivity. The greater the surface area, the more heat can be lost to the surrounding environment, and the faster the body will cool. Similarly, the greater the volume, the more heat the body contains, and the longer it will take to cool. Finally, the thermal conductivity of the material also plays a role, as some materials are better at conducting heat than others.
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Which of the following is a true statement?
1) FAS Market Development and Export Assistance partners with over 100 cooperator groups
2) FTC stands for Federal Trade Commission
3) FAS stands for Federal Agricultural Sector
4) Imports are goods produced in one country then shipped to another country
Answers
Answer:
2) FTC stands for Federal Trade Commission
Explanation:
The true statement is that, FTC stands for Federal Trade Commission.
The Federal Trade Commission (FTC) is an agency of the government of the United States of America saddled with the responsibility of promoting consumer protection and the enforcement of all civil antitrust laws.
Basically, the laws formulated or established by the FTC are to provide protection for consumers of various goods and services while requiring that businesses do not make false claims about them. Also, the Federal Trade Commission (FTC) is responsible for competition regulations among manufacturers of goods and services provided for the consumers.
What are two important benefits provided by retailers?
Answers
Retailers are important in the distribution of goods to the final consumers as
this ensures less shipping cost accrued as a result of them buying the
commodities in bulk and then selling at designated points which are usually
close to the final consumers.
Retailers also ensure that there is a healthy market competition. The
retailers assist in ensuring that the prices of goods and services varies and
the consumers therefore has various options he/she can choose from which
is a very good thing.
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In what career cluster would you find all levels of business jobs, such as an Administrative Assistant?
A)Law, Public Safety, Corrections, & Security
B)All of these
C)Education & Training
D)Health Science
Answers
In all of these career cluster listed above, you will find all levels of business jobs, such as an Administrative Assistant
For better understanding, let's understand what career clusters means
Career Cluster is simply known to be a wide occupational groupings of specific industry based jobs such as agriculture, law, education, health science etc . The career clusters provide an organizing tool that helps one in creating a career plan.An administrative assistant helps in the day to day running of an enterprise or firm. All career cluster have different job specifications and so an office or administrative assistant is often needed to answer phone calls, document important work or minutes of meetings, assistant the boss in office duties and other responsibilities. It is commonly found in all the 16 career cluster.From the above, we can therefore say that the answer In all of these career cluster listed above, you will find all levels of business jobs, such as an Administrative Assistant is correct.
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what is professional education!
Answers
Answer:
Professional education is a formal specialized training about a particular profession in which learners are taught the central concepts, principles, and techniques, and how these are applied in real practice, and the learners also acquire the necessary competencies needed for proper practice and behaviour.
Professional education is a formalized approach to specialized training in a professional school through which participants acquire content knowledge and learn to apply techniques. Although content is what the participant is expected to learn by attending professional school, such an education also helps the participant acquire the competencies needed for proper practice and behavior.
When managing her oil and lube service, sabrina engages in the controlling function when she.
Answers
Sabrina engages in the controlling function when she develops a loyalty reward program because the number of repeat customers has been declining.
What is a controlling function?In Fayol's management theory, the function helps to seek a planned results from the subordinates, managers and at all levels of an organization.
The controlling function helps the firm to measures the progress towards the organizational goals, brings any deviations and as well indicates corrective action.
Therefore, she is engages in the controlling function when she develops a loyalty reward program because the number of repeat customers has been declining.
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tyler’s inc. makes soap. tyler plans to produce 5000 soaps next month. 5000 soaps require 2800 tons of detergent at the cost of $15 a ton. tyler also estimates the need for 9 workers to work 8 hours a day to meet the next month’s production target. the current labor rate is $16.50/hr. tyler estimates fixed manufacturing overhead cost to be $41,000 for the year and variable manufacturing overhead to be $7 per labor hour. the company plans to sell the soaps for $27 each. what is the total prime cost incurred by tyler for the next month? (assume the month has 30 days)
Answers
$72,600 is the total prime cost incurred by Tyler for the next month (assume the month has 30 days) for tyler’s inc. makes soap. tyler plans to produce 5000 soaps next month.
Prime Cost == Direct material cost + Direct Labor cost
Direct material cost = 3000 tons x $ 11 = $ 33,000
Direct labor cost = 10 workers x 8 hours x 30 days x $ 16.50 = $ 39,600
Prime Cost = $ 33000 + 39600 = $ 72,600
The expenditures incurred by a company that are soap directly tied to the labor and materials utilized in manufacturing are known as prime costs. It speaks about the expenses soap incurred in producing a good, which are calculated to ensure the highest possible profit margin for the producer. The prime cost determines the direct costs of Laboure and raw materials used in the production of a thing. Direct expenditures do not include indirect costs like marketing and office expenses.
The overall direct costs, which may be fixed or variable, associated with producing a product for sale are referred to as prime costs. The overall cost of the production inputs required to produce a specific output is calculated by businesses using prime costs.
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Suppose you decide to use limit orders instead of market orders. On August 19, you put in a limit order to buy 900 shares of BRAN at $15.01 per share. On August 20, you put in a limit order to sell 900 shares of BRAN at $15.03 per share. Both orders were executed on their respective days. Assuming no brokerage commissions, how much of a gain or loss did you make? (Round to two decimal places.)
Answers
The gain or loss you made is $1.80. Firstly, the purchase is made on August 19, so it is necessary to determine the cost of purchasing 900 shares.
The cost of purchasing 900 shares is calculated as follows:$15.01 × 900 = $13,509We can now move on to August 20th, when 900 shares were sold at $15.03 per share. To determine the proceeds, we use the following equation:$15.03 × 900 = $13,527Subtract the purchase cost of $13,509 from the sale proceeds of $13,527 to get:$13,527 − $13,509 = $18Therefore, you made a profit of $18. However, it's worth noting that the profit earned could be eaten up by brokerage commissions if they were applied to the transactions. Additionally, it is worth noting that a limit order may not be executed if the stock does not reach the desired price. As a result, market orders are frequently utilized to execute trades immediately.
Furthermore, in situations where the price of a stock is rapidly changing, it may be difficult to execute limit orders since the stock may not remain at the target price for long enough to complete the order.
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If the company issues common stock of $5,000 and pay dividends of $40,900, how much is net income (loss)?
Answers
Answer:
1. $13,000
2. $34,000
3. $52,200
4. $28,100
5. $13,700
6. ($18,500)
Explanation:
Hi, I have attached the full question as pdf below
The Accounting equation is stated as :
Assets = Equity + Liabilities
also stated as,
Equity = Assets - Liabilities
therefore,
1. Equity = $29,000 - $16,000 = $13,000
2. Equity = $63,000 - $29,000 = $34,000
now
Beginning Equity + Common Stock Issue + Net Income - Dividends = Ending Equity
where,
Beginning Equity = $13,000 (calculated)
Ending Equity = $34,000 (calculated)
therefore,
3. Net Income = $34,000 +$36,700-$13,000-$5,500 = $52,200
4. Common Stock = $34,000 + $8,100 - $13,000 - 1,000 = $28,100
5. Dividends = $13,000 + $16,700 + $18,000 - $34,000 = $13,700
6. Net (Ioss) = $34,000 - $13,000 - $41,100 + $1,600 = ($18,500)
Which is likely to advance his/her career?
A. Ogden follows his boss’s instructions completely
B.Sue dresses well and is humble
C. Eddy attends as many technical trainings and seminars as possible
D. Mel is very punctual and hardly takes any leave
Answers
Answer:
C
Explanation:
Eddy attends as many technical training and seminar as possible
Answer:
The answer is C.) Eddy attends as many technical training's and seminars as possible.
Explanation:
I took the test and got it right.
what
has a clock hint hes behind you
Answers
Answer:
GOD?
Explanation:
This spreadsheet was created to track the money different employees earned in bonuses. The creator used
numbers and formulas to make the document efficient so that it could change as the bonus amounts changed.
What is most likely appears in the formula bar when B6 is selected?
A $total
B $112
C=MAX(B2:B5)
D =AVERAGE(B2:B5)
Answers
The formula that most likely appear in the formula bar of the spreadsheet when B6 is selected is =AVERAGE(B2:B5). Thus, the correct answer is option (D).
What is a spreadsheet?A spreadsheet is a computer programme for organizing, calculating, and storing data in tabular form. Spreadsheets were created as digital counterparts to traditional paper accounting spreadsheets.
The central tendency of a bunch of numbers in a statistical distribution—which is where the center is located—is measured by the AVERAGE function. The following are the top three central tendency measures:
Average: The arithmetic mean is determined by adding a collection of integers, dividing by their count, and then taking the result.The middle number in a set of numbers is called the median. The values of half the numbers are higher than the median while the values of the other half are lower than the median.The number that appears the most frequently among a set of numbers is the mode.Therefore, option D is correct.
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