Answer:
![\left[\begin{array}{ccc}Account&DEBIT&CREDIT\\$Cash&18,900&-\\$Account\: Receivable&60,100&\\$Allowance \: doubful \: accounts&&150\\$Inventory&186,500&\\$Supplies&7,170&\\$Prepaid Insurnace&3,090&\\$Equipment&51,300&-\\$Acc \: Dep \: Equipment&-&18,100\\$Accounts \: Payable&&9,000\\$SS \: tax \: payable&&1420\\$Medicare \: tax \: payable&&340\\$Capital&&298,050\\&327,060&327,060\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7DAccount%26DEBIT%26CREDIT%5C%5C%24Cash%2618%2C900%26-%5C%5C%24Account%5C%3A%20Receivable%2660%2C100%26%5C%5C%24Allowance%20%5C%3A%20doubful%20%5C%3A%20accounts%26%26150%5C%5C%24Inventory%26186%2C500%26%5C%5C%24Supplies%267%2C170%26%5C%5C%24Prepaid%20Insurnace%263%2C090%26%5C%5C%24Equipment%2651%2C300%26-%5C%5C%24Acc%20%20%5C%3A%20Dep%20%5C%3A%20Equipment%26-%2618%2C100%5C%5C%24Accounts%20%5C%3A%20Payable%26%269%2C000%5C%5C%24SS%20%5C%3A%20tax%20%5C%3A%20payable%26%261420%5C%5C%24Medicare%20%5C%3A%20tax%20%5C%3A%20payable%26%26340%5C%5C%24Capital%26%26298%2C050%5C%5C%26327%2C060%26327%2C060%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Explanation:
The sales, expenses, income summary and drawings accounts will be closed therefore will not be part of the post-closed trial balance.
Thew capital Account will suffer the net change of all these account thus, we can list the assets and liabilities and then, solve for Capital by the difference:
Assets = Laibilities + Equity
327,060 = 150 + 18,100 + 9,000 + 1,420 + 340 + Capital
Capital = 327,060 - (150 + 18,100 + 9,000 + 1,420 + 340)
Capital = 298,050
Answer:
Cash flow from operating activities 284,500
Explanation:
net income 270,000
change in AR
17,000- 9,500 = 7,500(A)
change in AP
28,000 - 21,000 = 7.,000(B)
total change in working capital 14,500
Cash flow from operating activities 284,500
(A)
The account receivable decrease over time this means the account were collected, whch increase cash
(B)
The account payable increase, which means the company receive cash or delay the payment of cash for this period of time. Therefore, the cash increase.
The answer is durable. According to AR 735-5 (Policies and Procedures for Property Accountability), a durable property is a property that is not consumed in use, does not require property book accountability, but because of its unique characteristics requires control when issued to the user. The best example for this is hand tools. Hand tools are measured durable because they are not used up by Soldier unlike cleaning supplies. Hand tools are not on the property book. They do require a signature when issued, whether from the tool room or the supply room. When hand tools break, they must be turned in for replacements. Soldiers who misplace hand tools pay for the lost tools in order to implement supply discipline. We must have supply discipline to save Army resources for deployments, training exercises and other mission requirements. Leaders involve periodic inventories and the correct hand receipt procedures for the same reason. Hand tools are costly and Soldiers use millions of them. So, hand tools are durable because they do not get used up, unlike consumable supplies such as hand soap or motor oil, and also require some type of control when issued.
Answer:
C. the production order quantity model does not require the assumption of instantaneous delivery.
Explanation:
EOQ refers to Economic Order Quantity method, this method particularly aims at 0 extra inventory in hand and keeping the total inventory in hand which is needed and then there is n assumption that the goods shall be delivered instantly.
Under the production order quantity model the model is made to calculate the quantity to be ordered for meeting the demand of production units.
This aims at the minimum order quantity to be delivered to meet the production needs.
