1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kolbaska11 [484]
3 years ago
14

Q 3.35: paulson oil account balances at january 31st include: cash $70,000, accounts receivable $100,000, common stock $120,000

and accounts payable $50,000. during the month of february, the company collected $25,000 of its account receivable and paid $10,000 of its accounts payable. what is paulson’s cash balance on their february 28th trial balance?
Business
1 answer:
AleksAgata [21]3 years ago
7 0
Cash Balance at the beginning of February:
70,000
Collected $25,000 of AR:
+25,000
Paid 10,000 owed
-10,000
Cash Balance at the end of February:
70,000 + 25,000 - 10,000 = 85,000 
You might be interested in
FindFor Inc. is an e-commerce retail firm that sells a variety of merchandise online. Through services like cash on delivery, ea
wolverine [178]

Answer:

2) strategic positioning

Explanation:

Based on the scenario being described within the question it can be said that they have most likely been able to provide this through strategic positioning. This term refers to the way in which a company sets itself apart from the competition in a market and provides value to their customers. Allowing them to make specific decisions based on their position. Such as FindFor is able to provide all of their online services.

3 0
3 years ago
How often should you visit your site and have others visit it for you to find out if everything is working as it should? A.Every
Mice21 [21]

Answer:

A. Every two weeks

Explanation:

8 0
3 years ago
Read 2 more answers
If you have a team that is low on conscientiousness, which of the following would you recommend?
IceJOKER [234]

Answer: E) They need to define the task and maintenance.

Explanation:

Conscientiousness means being thorough and careful in one's task performance. A team that is low on Conscientiousness need to define task and maintenance.

6 0
3 years ago
Read 2 more answers
For 2012 Fielder Corporation reported net income of $30,000; net sales $400,000; and average share outstanding 12,000. There wer
jonny [76]

Answer:

$2.50

Explanation:

The Earnings Per Share of a company is determined by using the formula:

EPS= (Net Income of the Company - Dividend to Preferred Shareholders) ÷ Average Outstanding Shares of the Company

Since there is no dividend to preferred shareholders

EPS= Net Income of the Company - ÷ Average Outstanding Shares of the Company

=30000 ÷ 12000

=$2.50

5 0
3 years ago
2. On January 2, 2017, heavy equipment costing $800,000 was purchased. The equipment had a life of 5 years and no salvage value.
Naddika [18.5K]

Answer:

The solution to the given problem is done below.

Explanation:

(a)            Depreciation

            for Financial              Depreciation for Temporary

Year         Reporting Purposes           Tax Purposes            Difference

2017           $160,000                          $264,000          (104,000)

2018           $160,000                          $360,000          (200,000)

2019           $160,000                           $120,000            40,000

2020           $160,000                           $56,000            104,000

2021                  $160,000                                      0                        $160,000

                         $800,000                            $800,000                   0

(b)                        2018       2019          2020         2021           Total  

Future taxable

amounts:

Depreciation     $(200,000)      $40,000      104,000    $160,000    $104,000

Deferred tax liability: $104,000 × 40% = $41,600 at the end of 2017.

8 0
3 years ago
Other questions:
  • An organization adopts the ______________ concept when it takes steps to know a much about the consumer as possible, combined wi
    11·1 answer
  • Planet Corporation acquired 90 percent of Saturn Company’s voting shares of stock in 20X1. During 20X4, Planet purchased 57,000
    14·1 answer
  • The Covington Engine Company is considering opening a new plant facility to build truck engines. As part of a detailed analysis
    7·1 answer
  • A sale of goods was denominated in a currency other than the entity’s functional currency. The sale resulted in a receivable tha
    15·1 answer
  • The following transactions occurred during January 2021:
    12·1 answer
  • Chris purchased a 10 year 100 par value bond where 6% coupons are paid semiannually. Cheryl purchased a 100 par value bond where
    11·1 answer
  • If the earnings per share of a company is $3.85 and the earnings yield is 2.5%, what is the price per sharE
    9·1 answer
  • Dinham Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-d
    7·1 answer
  • Drag the tiles to the boxes to form correct pairs.
    5·1 answer
  • irs guidelines require specific information to substantiate deductible automobile expenses. which 3 items are included in the su
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!