Answer:
<u>Account Name</u> <u>Balance Sheet Classification</u> <u>DR or CR Balance
</u>
1. Accounts Receivable CA Debit
2. Prepaid Expense CA Debit
3. Inventories CA Debit
4. Long-Term Debt NCL Credit
5. Cash and Cash Equivalent CA Debit
6. Accounts Payable CL Credit
7. Income Tax Payable CL Credit
8. Contributed Capital SE Credit
9. Property Plant and Equipment NCA Debit
10. Retained Earning SE Credit
11. Short-Term Borrowing CL Credit
12. Accrued Liabilities CL Credit
13. Goodwill (an Intangible Asset) NCA Debit
Explanation:
The theorist that is referred above is MAX WEBER. He is the theorist who asserts that class members should be grouped according to their value in the marketplace. Max Weber is a well-known German sociologist, and a prominent figure in sociology.
Answer:
5.95
Explanation:
Deere inventory turnover for 2017 ratio is:
Formula for Inventory Turnover Ratio= Cost of Goods sold / Average Inventory
Where Average Inventory = (Previous Inventory + Current Inventory) / 2
= ($2,267 + $2,999) / 2
=$5,266 / 2
=$2,633
Average Inventory = $2,633
Therefore, Inventory Turnover Ratio = $15,661 / $2,633 = 5.9479 = 5.95
Deere Inventory Turnover for 2017 Ratio is 5.95.
Answer:
The cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is $10,200.
Explanation:
In order to calculate the cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is
, we have to make the following calculations.
First, we have to calculate the Annual preferred dividend = (2800*50*6.5%) = $9,100
Hence, First year preferred dividend = $9,100-$8,000 = $1,100
Finally, if we make $1,100+$9,100 = $10,200 and so this will be the cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders.
Answer:
8,850 units
Explanation:
We know that
Net income = Unit sales × (Selling price per unit - variable cost per unit) - Fixed cost
$23,600 = Unit sales × ($55 - $39) - $118,000
$23,600 = Unit sales × $16 - $118,000
$23,600 +$118,000 = $16 unit sales
So, unit sales = 8,850 units
The net income is computed below:
= Given percentage × Total fixed cost
= 20% × $118,000
= $23,600
