Answer:
Total Assets = Total Liabilities and Stockholder's Equity = $20,200
Explanation:
An unclassified balance sheet is a type of balance sheet that does not present assets and liabilities under different categories. It only presents all assets in order of liquidity and liabilities in order of the shortness of their terms.
This can be prepared for this question as follows:
Darell Hair Stylists
Unclassifed Balance Sheet
At December 31, 2018
<u>Particulars Amount ($) </u>
Cash 1,000
Accounts Receivable 900
Office Supplies 600
Equipment 19,700
Accumulated Dep. - Equipment <u> (2,000) </u>
Total Assets <u> 20,200 </u>
Accounts Payable 900
Interest Payable 550
Notes Payable 3,400
Common Stock 10,650
Retained Earnings, Dec. 31, 2018 <u> 4,700 </u>
Total Liabilities and Stockholder's Equity <u> 20,200 </u>
Since Total Assets and Total Liabilities and Stockholder's Equity as it is normally required, that indicates that the unclasified balance sheet has been prepared accurately.
Planning and organizing of business success are reflected in this scenario.
Since the business proprietor is worried about analyzing the materials and equipment that are for use on an ordinary basis and he plans to shop for them in bulk. That is a clean instance of making plans as it entails the analysis of providers and equipment after which establishing them in order to shop for them in bulk.
Planning is the process of thinking regarding the sports required to obtain a preferred goal. Planning is primarily based on foresight, the essential potential for a mental time journey. The evolution of forethought, the potential to think in advance, is considered to have been a top mover in human evolution.
Organizing (management), is a procedure of coordinating mission desires and sports to assets. community organizing, wherein groups come together to act on their shared self-interest. expert organizing, an industry built around creating organizational structures for people and companies.
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Answer:
a. $8 million
Explanation:
In the given situation, the $8 million is the best price to finalize your decision as $20 million costs is that cost which is paid last year and these costs are called sunk cost which is not recovered in the future, that means it is already incurred in the past.
Moreover, the sunk cost is not a part of the future decision as this cost is irrelevant now
So, $8 million is a relevant cost to make a better decision
<span>start from scratch and rewrite the contract</span>
Answer:
prepaid subscrption ending balance
2009 11,610
2010 6,460
2011 1,290
Explanation:
15,480 / 36 months = 430 per month
December 31th Adjustment:
430 x 9 months (from March 31,2009 to December 31,2009)
received magazinesfor $ 3,870
balance: 15,480 - 3,870 = 11,610
Decmeber 31th 2010
430 x 12 months = 5,160
balance 11,610 - 5,160 = 6,450
2011 adjustment
again for 12 months: 5,160
6,450 - 5,160 = 1,290
