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Elza [17]
3 years ago
9

Intuitiv Manufacturing's large plastics molding machine suddenly broke down during its day shift. When considering the purchase

of available alternatives, Intiutiv decided to rent one for the next two years instead of buying one. In this situation, the large plastics molding machine it rented would be classified as
a. ​an installation.
b. ​accessory equipment. c. ​an unsought good.
d. ​a process material.
e. ​MRO supplies.
Business
1 answer:
AnnyKZ [126]3 years ago
7 0

Answer:

A. an installation

Explanation:

In this situation, the large plastics molding machine it rented would be classified as an installation

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Which of the statements below concerning a sole proprietorship is true?
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The answer is: D) It is easy to create a sole proprietorship.

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3 years ago
The account balances of Sentinel Travel Service for the year ended August 31, 2019, are listed below:
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Answer:

Explanation:

The preparation of the report form balance sheet as of August 31, 2019 is presented below:

                                      Sentinel Travel Service

                                 Report form balance sheet

                              For the year ended August 31, 2019

Assets

Cash                                             $143,125

Account receivable                     $54,240

Supplies                                       $9,300      

Land                                             $248,000

Total assets                                 $454,665

Liabilities

Account payable                        $19,370

Owner equity

Ending capital                            $435,295

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And owners equity                    $454,665

The net income would be

= Fees earned - Office expense - Miscellaneous expense - Wages expense

= $774,800 - $178,205- $15,495 - $371,905

= $209,195

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= Opening capital - withdrawn amount + net income - additional cpiatl

= $209,000 - $29,400 + $209,195 + $46,500

= $435,295

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