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Dafna11 [192]
1 year ago
12

1 Cash 15,000 2 Bank 22,000 3 Account Receivable 41,000 4 Goodwill 60,000 5 Merchandinse 1-1-2021 31,000 6 Furniture 70,000 7 Bu

ilding 110,000 8 Land 280,000 9 Prepaid Insurance 17,000 10 Bad debt Expense 2,000 11 Salary Expense 24,000 12 Utility Expense 8,000 13 Rent Expense 6,000 14 Purchases 140,000 15 Transportation Expense 2,500 16 Sale Return 1,400 17 Purchase Return 7,000 18 Sales Discount 1,400 19 Cash Sales 268,000 20 Credit Sales 220,000 21 Note Payable 14,000 22 Bond Payable 50,000 23 Accounts Payable 26,000 24 Equity 246,300 Total 831,300 831,300 Additional Information Merchandise 31-12-2021 is 37000 Insurance expense during the year was 14000 Depreciation expense of the furniture was calculated 20% of the book value Requirement: Prepare Income Statement and Balance sheet for Williom and Sons for the year ended 31-12-2021 Calculate: Current Ratio, Net Profit Margin, Quick Ratio, Gross Profit Margin and Account Receivable Turnover Period
Business
1 answer:
Otrada [13]1 year ago
8 0

Answer:

232323232

Explanation:

34343434

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The relationship between the interactive communication capabilities of the internet and customization is that
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<span>The relationship between the interactive communication capabilities of the Internet and customization is a highly interactive and individualized information and exchange environment is created for shoppers and buyers.</span>
8 0
3 years ago
Paula owns a variety store in a tourist town. The store recently went online, and the response has been remarkable. The store’s
Nina [5.8K]

Answer:

a) Add another server to their infrastructure.

Explanation:

Cloud computing service provides for access of various private or public clouds so that the storage of the information is sorted and there is no problem in storing such data and information.

Other than storage there are other services like, security and outside programming are also provided.

But in the given instance if the server is getting loaded with the data, and it can be solved by adding another server and that will maintain the privacy and security of data.

Thus, the best option will be to install another server.

8 0
3 years ago
What idea did both the Regulators and Stamp Act Congress share? a. Colonial governors should make decisions unilaterally. b. Boy
alexandr1967 [171]

Answer:

the correct answer is

<em> c. Colonists wanted to be represented in the government.</em>

<em></em>

good luck

8 0
3 years ago
When demand is unit elastic, price elasticity of demand equals a. 1, and total revenue and price move in the same direction. b.
yawa3891 [41]

Answer:

a. 1, and total revenue and price move in the same direction

Explanation:

Unit elasticity of demand is when a change in price leads to a proportional change in quantity demanded.

A good has a unit elastic demand when its coefficient of elasticity is equal to one.

If price increases by 20% , quantity demanded falls by 20%.

If price falls by 20%, quantity demanded increases by 20%.

I hope my answer helps you.

4 0
3 years ago
The Playa Company has the following information in its records. Certain data have been intentionally omitted ($ in thousands). R
Zinaida [17]

Answer:

Explanation:

using the following formulars

Net purchase = (Gross Purchase) - (purchase return) - (purchase discount) + freight-in

Beginning inventory + Net purchases = cost of goods available for sales

Cost of goods sold = cost of goods available for sale - ending inventory

for 2013 we have that

beginning inventory = cost of goods available for sale - net purchases

Net purchases = 630 - 24  - 18 + 13 = 601

2013, beginning inventory = 876- 601 = 275

Ending inventory = 876 - 627 = 249

2014,

Begning inventory = closing inventory of 2013 = 249

Cost of goods available for sale = 621  + 225 = 846

Net purchase  -Cost of goods available for sale - beginning inventory = 846   - 249 = 597

Gross purchase = 597 + 15 + 30 - 32 = 610

2015

Cost of good sold = 800 - 216 = 784

Net purchase = 800 - 225 = 575

purchase discount = 585 -575 - 14 + 16 = 12

4 0
3 years ago
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