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3 years ago

The Azuza Company owns no plant assets and had the following income statement for the year:

Business

1 answer:

Nutka1998 [239]3 years ago

6 0

Answer:Please see answer below

Explanation:

Solving

Net income= $16,000

Change in asset and liabilities

Accounts receivable Increased $67,000- $59,000 =- -8000

Inventory Decreased 62,000- 86,000=24,000

Prepaid rent --Increased 9,000- 7,000 = -2000

Accounts payable ---decreased 22,000 -30,000 = -8000

Wages payable ----Increased 9,000- 7,000=2000

Net cash provided by operating activity.=24,000+ 2000-(8000+2000+8000)

= $24,000

Net income= $16,000

Change in asset and liabilities

Accounts receivable--Increase -$8,000

Inventory--Decreased-- $24,000

Prepaid rent --Increased -$2,000

Accounts payable ---decreased-$8,000

Wages payable ----Increased $2,000

Net cash provided by operating activities,= $24,000

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Balance Sheet Below are items that may appear on the balance sheet. Required: Match each item with its appropriate classificatio

JulijaS [17]

Answer:

Item Classification

1. Buildings - Property, plant, and equipment

2. Copyright - Intangible assets

3. Supplies - Current assets

4. Unearned service revenue - Current liabilities

5. Prepaid insurance - Current assets

6. Common stock - Contributed capital

7. Rent payable - Current liabilities

8. Accounts receivable - Current assets

9. Allowance for doubtful accounts - Retained earnings

10. Bonds payable - Long-term liabilities

Explanation:

A. Current assets - Assets that exist for a period not exceeding 12 months such as supplies.

B. Property, plant, and equipment - Assets of a Physical Nature that are expected to be used for more than a year.

C. Intangible assets - Assets that do not have a physical nature and are expected to be used for more than a year.

D. Current liabilities - Short term obligation due within a period of 12 months.

E. Long-term liabilities - Long term obligations due within a period exceeding 12 months.

F. Contributed capital - Capital raised by owners of the company excluding reserves attributed to them.

G. Retained earnings - Amounts set aside out of profits that are distributable to the shareholders of the company. Therefore Incomes and expenses are found here.

3 0

3 years ago

Billy's Hamburger Barn has a single drive-up window. Currently, there is one attendant at the window who takes the order (20

Umnica [9.8K]

Answer:

The map of the current process is found in the attached

The minimum cycle time is 1 min 40 seconds

The longest cycle time is 2 min 35 seconds

The new minimum cycle is 1 min 15 seconds

The new longest cycle time is 2 mins

The potential problem that could surface from splitting the process is that once the customer has finished paying the customer has to wait for about 30 to 55 seconds before the second attendant finishes with packaging,hence ,a queue would likely be formed awaiting the second attendant.

The problem could be solved by ensuring the taking money and packaging takes the same time.

Explanation:

Minimum cycle time=20+55+25=100 seconds=1 minute 40 seconds

The longest cycle time=30+90+35=155 seconds=2 min 35 seconds

The new minimum cycle time=20+55=75 seconds=1 min 15 seconds

Taking customer's money also happened in the first 35 seconds of the 55 seconds above.

The new longest cycle time=30+90=120 seconds=2 mins

Download xlsx

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3 years ago

Choose TWO of the responses that describe disadvantages of Roth IRAS

insens350 [35]

Answer:

You pay taxes upfront

the maximum contribution is low

Explanation:

UTP quiz

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3 years ago

Campbell, Inc. has just conducted a SWOT analysis. Typically, the next step in the marketing planning process would be ________

Law Incorporation [45]

There are different kinds analysis. The next step in the marketing planning process would be Identifying and evaluating opportunities and involves using STP (segmentation, targeting, positioning).

<h3>What is Identifying and evaluating opportunities?</h3>

The steps of the strategic marketing process includes mission, situation analysis, marketing plan, marketing mix, and implementation and control.

The third step in the marketing planning process, following the situation analysis, is known to be the steps where one has to identify the various opportunities by using STP which is Segmentation, Targeting, and Positioning.

See full question below

After a firm has conducted a SWOT analysis, it would typically progress to the next step of marketing planning which is _______ and involves using STP (segmentation, targeting, and positioning).

A. defining the mission

B. conducting a situation analysis.

C. identifying and evaluating opportunities

D. implementing the marketing mix

E. evaluating performance

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3 years ago

The California Food Handler Card law requires food handlers to _____.

aalyn [17]

Answer:

undergo basic food-safety training

Explanation:

The California Food Handler Card law demands that every restaurant employee be trained on food safety practices to eradicate or minimize the possibilities of transmitting diseases. The law requires a reasonable level of training to ensure conformity with best practices in food handling.

Each restaurant must maintain records showing each employee is trained and possesses a valid California Food Handler Card. The card should be availed on request by the local enforcement officials upon request.

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3 years ago