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Dmitry_Shevchenko [17]
1 year ago
12

r. davis, capital at the beginning of the year was $2,050. rob davis also withdrew $800 from the company during the year. what i

s the amount of total assets reported on the balance sheet?
Business
1 answer:
lisabon 2012 [21]1 year ago
8 0

Davis Company has the following accounts and balances at the end of the year:

  • Cash, $1,200
  • <u>Accounts Receivable, $280</u>
  • Office Equipment, $3,000
  • Accounts Payable, $1,400
  • Income from Services, $3,500
  • Rent Expense, $670
  • Salaries Expense, $1,000

Your assets include certain items such as cash inventory assets and equipment as well as advance payments for securities and monies owed to you by a payor. Total assets are also the sum of total liabilities and total shareholders' funds.

The balance sheet shows the total assets of the company and how the assets are financed either by debt or equity. Also called an asset statement or asset statement.  Assets are reported on the company's balance sheet. They are classified as short-term fixed financial and intangible.

Learn more about The balance sheet here:- brainly.com/question/1113933

#SPJ4

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Each unit requires 2 pounds of direct materials, which cost $6 per pound. The company’s policy is to maintain direct materials i
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Answer: Budgeted Raw Material to be consumed in July.

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Explanation:

As for the information provided, the material at month end in hand shall be:

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If in June at month end, the inventory in hand = 2,040 pounds of raw material.

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This basically means:

Total inventory required =

Quantity         Price per pound             Total

10,200                 $6                             $61,200

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If the current interest rate is 5% and your semi-annual coupon paying bond has a duration of 5.33 years, how much will the price
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Answer:

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Explanation:

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Answer:

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