The answer & explanation for this question is given in the attachment below.
Answer:
$437.50
Explanation:
According to google search, Andrea worked 8.5 hours on Wednesday.
Her weekly wages will total hours worked multiplied by $10.
Total hours worked will be
Monday 9 + Tuesday 7, + Wednesday 8.5 hours, Thursday 6 hours. Friday 9 hours, Saturday 3 hours
=9+ 7+ 8.5 +6+9+3
=42.5 hours
For the first 40 hours, she will earn 40 x $10= $400
For the 2.5 hours, she will earn 2.5 x $15=$37.5
Total wages will be $400 +$ 37.5
=$437.50
Answer:
Assets in a company are those things owned by a company to enable it make profit.
Liabilities refer to those amounts and objects owed to other entities.
Equity refers to amounts and objects that represent shareholder interest. Any item that would be in the income statement is equity related because it is related to the net income which is an equity amount.
1. Accounts Payable - Liability as it is owed by the company .
2. Accounts Receivable - Asset as it is owed to the company.
3. Auto Expense - Stockholders' Equity as it is a part of net income.
4. Common Stock - Stockholders' Equity as it represents ownership in company.
5. Cash - Asset
6. Dividends - Stockholders' Equity as it is money paid to shareholders.
7. Fees Earned - Stockholders' Equity as it is part of the net income.
8. Land - Asset as it is owned by the company to generate profit.
9. Miscellaneous Expense - Stockholders' Equity as it is part of the net income.
10. Supplies - Assets as it is owned by the company to generate profit.
11. Supplies Expense - Stockholders' Equity as it is part of the net income.
12. Wages Expense - Stockholders' Equity as it is part of the net income.
Firms that buy goods and services and sell them at a profit.
Re-sellers purchase things with the intent of selling them to other people and businesses and do not produce new goods or services.
Answer:
a. $1,765,000
Explanation:
Total stockholder’s equity on December 31, 2013 = Total equity at end 2012 – amount paid for 3,000 shares were reacquired at $28 per share – amount paid for 3,000 shares were reacquired at $35 per share + amount collect from 1,800 shares of treasury stock were sold at $30 per share + net income of $450,000
= $1,450,000 – 3,000 * $28 – 3,000 * $35 + 1,8000 *$30 + $450,000 = $1,765,000
