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4 years ago

How would cost availability and accessibility differ for an older person?

1 answer:

8 0

An older person may have issues with cost availability and accessibility for many reasons, largely work-related. Such a person may have limited or no income, for instance. This would be especially true for an older person past retirement age. They would no longer be working and may have a low fixed income. Accessibility can also be an issue for those who no longer drive.

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The following are the assets and liabilities of Jill Carlson Realty Company, as of January 31, 2018. Also included are revenu

pogonyaev

Complete Question:

Apply the accounting equation; construct a balance sheet) The following are the assets and liabilities of Jill Carlson Realty Company, as of January 31, 2018. Also included are revenue, expense, and selected stockholders' equity figures for the year ended on that date (amounts in millions):

Complete Table is in the attachment given at the end of the answer.

Requirement 1.

Construct the balance sheet of Jill Carlson Realty Company at January 31, 2018. Use the accounting equation to compute ending retained earnings.

<h2>Answer:</h2>

Balance Sheet of Jill Carlson Realty Company, as of January 31, 2018

<h2>ASSETS</h2>

Current Assets

Cash $57.2

Receivables $0.5

Non Current Assets

Investment Assets $79.4

Property, Plant and Equipment $1.6

Other Assets $9.3

Total Assets $148

<h2>LIABILITIES</h2>

Current Liabilities $2.9

Non Current Liabilities $102.6

Total Liabilities $105.5

EQUITY

Common Stock $39.2

Closing Retained Earnings (Step1) $3.3

Total Equity $42.5

Step 1: Find Closing Retained Earnings

As we know that:

Closing Retained Earnings = Total Assets - Total Liabilities - Common Stock

Here

Total Assets is $148 million

Total liabilities is $105.5 million

Common Stock is $39.2 million

By putting these values in the above equation, we have:

Closing Retained Earnings = $148 million - $105.5 million - $39.2 million

Closing Retained Earnings = $3.3 million

7 0

4 years ago

The Federal Reserve comes to the conclusion that more money must be pumped into the economy in an effort to stimulate economic g

wolverine [178]

The answer is: B) Buying securities (Bonds)

Money supply refers to the amount of money that circulated in the country. When government buy securities from the private sector, the money would be exchanged from the government's purse to the private sector's. If this occurs, the amount of money that circulated would be increased.

4 0

3 years ago

Read 2 more answers

The financial analysis component of a business plan is to describe _____.

umka2103 [35]

The financial analysis component of a business plan is to describe the viability, stability and profitability of a business, sub-business or project.
It is an aspect of the overall business finance function which includes the examining historical data to acquire information about the current and future financial health of a company, business or project.

8 0

3 years ago

Pete is a woodworker and charges $125 an hour for his time manufacturing custom-made wood products. For his wife's birthday, he

andreev551 [17]

Answer:

GDP is not affected by Pete's production of the jewelry box.

Explanation:

Pete is a woodworker and works 20 hours to prepare a jewelry box to gift his wife. If Pete prepares this jewelry box to sell and earn revenue, this will be considered in GDP but in this case Pete prepares a jewelry box to give his wife as his wife's birthday gift.

All types of gifts received or given in kind are not included in Gross Domestic Production.

6 0

3 years ago

On April 1, 2016, the KB Toy Company purchased equipment to be used in its manufacturing process. The equipment cost $57,200, ha

Harman [31]

Answer:

2016 Depreciation

Dr depreciation expense $5720

Cr Accumulated depreciation $5720

2017 Depreciation

Dr depreciation expense $5720

Cr Accumulated depreciation $5720

Journal entries for 2018 expenditure

Dr repairs and maintenance $2900

Dr Equipment account $11850

Cr Cash account $14750

2018 Depreciation

Dr depreciation expense $4800.83

Cr Accumulated depreciation $4800.83

Explanation:

There are two policies for depreciating non-current asset especially when it is acquired part-way through the year like we have here, namely full year depreciation in the year of purchase and none in the year of disposal or proportional depreciation throughout the useful life,I am adopting the former in this question.

Formula for depreciation=cost-residual value/useful life

Yearly depreciation is ($57200-$0)/10=$5720

However,after two years the book value is calculated thus:

Book value=$57200-($5720*2)=$45760

additional cost incurred in enhancing the capacity of the asset would be added : $45760 +$11,850=$57610

Since the useful life has also been reviewed up to 12 years, the depreciation from now on is $57610/12=$4800.83

5 0

3 years ago

Read 2 more answers