Answer:
The main function of a business is to add value to the customers they have chosen to serve.
A business simply satisfies a need or want of people and tries to make something convenient and easy for them.
The more a business understand the requirements, needs and wants of their customers, the more they add value and the more they will remain a successfully company.
Explanation:
similar occupations in different industries require similar skills.
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Answer:
$13,500
Explanation:
Bartley's gross income should include only two items:
- income from rent paid directly to a bond holder
- income from rental property in a sinking fund
2019 gross income = $8,000 + $5,500 = $13,500
The net gains or losses associated to the selling or rebuying of stocks are considered capital gains or losses, and they are taxed differently than gross income.
The beginning balances should be entered in the general ledger as of April 30, 2017, as
follows:
A. Beg. Bal
Supplies
(Beg. Bal 500]
Equipment,
[Beg.Bal___ 24000]
‘Accounts Payable
72100 Beg. Bal
Notes Payable
110000 Beg. Bal
neared Service Revenue
1000 Beg. Bal
Common Stock
‘5000 Beg. Bal
Retained Earnings
11400 Beg. Bal
D.
Prepare the trial balance as follows:
PM Salonine.
Trial Balance
As on May 31, 2017
Account Titles Debit ($) Credit ($)
Cash 5100
Supplies 1200
Equipment 24000
‘Accounts Payable 1200
Unearned Service Revenue 1200
Notes Payable 10000
Common Stock 5000
Retained Earnings 11400
Service Revenue 6000
Salaries Expense 2400
Rent Expense 1000
Advertising Expense 500
Utilities Expense 400
Interest Expense 50
Income Tax Expense 150
Total 34800-34800
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Answer:
a. Current ratio
Explanation:
Current Ratio is the least likely to be affected
The Current Ratio is given as
Current Ratio = [ Current assets ] ÷ [ Current liabilities ]
Now,
Building a new plant is a fixed asset for the company.
Thus, It will add to the Fixed assets
Since,
The Formula for current ratio is independent of the fixed assets
Therefore,
It will be least affected.
While,
Debt to equity ratio = [ Debt ] ÷ [ Equity ]
Debt to asset ratio= [ Total Debt ] ÷ [ Total Assets ]
Net fixed assets to total assets = [ Net fixed assets ] ÷ [ Total assets ]
in all the above relations, fixed asset will change the value of the total assets.
Hence,
They all will be affected
