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Vanyuwa [196]
3 years ago
7

The following events apply to Equipment Services Inc. in its first year of operation:1. Acquired $60,000 cash from the issue of

common stock.2. Received a $8,200 cash advance for services to be provided in the future.3. Purchased $2,000 of supplies on account.4. Earned $36,000 of service revenue on account.5. Incurred $16,100 of operating expenses on account.6. Collected $28,500 cash from accounts receivable.7. Made a $15,100 payment on accounts payable.8. Paid a $2,000 cash dividend to the stockholders.9. Recognized $1,600 of supplies expense.10. Recorded $3,100 of accrued salaries expense.11. Recognized $3,100 of revenue for services provided to the customer in Event 2.12. Recognized $500 of accrued interest revenue.Requireda. Record the events in T-accounts and determine the ending account balances.b. Test the equality of the debit and credit balances of the T-accounts by preparing a trial balance
Business
1 answer:
Tju [1.3M]3 years ago
7 0

Answer:

what do you want me to answer ?

Explanation:

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The following estimates have been prepared for a project:Fixed costs: $27,000Depreciation: $18,000Sales price per unit: $4Accoun
Blababa [14]

Answer: $3.10

Explanation:

Accounting breakeven = Fixed costs / Contribution margin

Fixed costs = Fixed costs + Depreciation = 27,000 + 18,000 = $45,000

50,000 units = 45,000 / Contribution margin

Contribution * 50,000 = 45,000

Contribution = 45,000 / 50,000

Contribution margin = 0.9

Contribution margin = Sales - Variable cost

0.9 = 4 - Variable cost

Variable cost = 4 - 0.9

= $3.10

4 0
3 years ago
Suppose Will's 2009 food expenditures in 2011 dollars amount to $5,750. Then the inflation rate for 2011 is about _____.
marshall27 [118]

Answer:

the inflation rate was 8 percent and the nominal interest rate was 11 percent

Explanation:

Nominal interest rate is the rate without considering the inflation.

7 0
3 years ago
As the benefit of consuming more of a good falls with each additional unit, the price consumers are willing and able to pay also
eduard

As the benefit of consuming more of a good falls with each additional unit, the price consumers are willing and able to pay also falls with increased consumption. this scenario describes a downward-sloping demand curve

<h3>What is a Demand Curve?</h3>

This refers to the graph or pictorial representation that shows how the demand for a commodity or service varies with changes in its price.

Hence, we can see that As the benefit of consuming more of a good falls with each additional unit, the price consumers are willing and able to pay also falls with increased consumption. this scenario describes a downward-sloping demand curve

Read more about demand curve here:

brainly.com/question/9387886

#SPJ1

7 0
2 years ago
The local Target store sells a variety of Dyson vacuum cleaners. A particularly popular model is the DC22, which costs Target $2
777dan777 [17]

Answer:

24 units

Explanation:

safety stock = z-score 99% x √lead time x standard deviation of demand

safety stock = 2.576 x √3 x 2 = 8.92 units ≈ 9 units

reorder point = lead time demand + safety stock

lead time demand = 3 days x 5 = 15 units

reorder point = 15 + 9 = 24 units

6 0
3 years ago
The organization is very personal, much like an extended family. Involvement The organization is accomplishment oriented, with t
Alexxandr [17]

The correct answer to this open question is the following.

What we are trying to do in this question is to rank the options based on the strength of our preference, knowing that the relationship of a new manager in a company and the employees, as well as the understanding of the culture in the organization, can the degree of success and satisfaction in the workplace. So the strongest preference is "1" and the weakest preference would be "8."

So the rank would be like this:

The organization is very personal, much like an extended family. (4)

The organization is accomplishment oriented, with a focus on competition and getting jobs done. (1)

The organization is stable and structured, with clarity and established procedures. (1)

The organization is dynamic and changing, where people take risks.(3)

8 0
3 years ago
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