All categories

3 years ago

The following items are taken from the financial statements of Cullumber Company for 2022:

Business

1 answer:

Doss [256]3 years ago

4 0

Answer:

Cullumber Company

Balance Sheet

As at 2022

Explanation: Amount in $

Current Assets

Accounts Receivable 12,500

Cash 13,000

Prepaid Insurance 6,600

Supplies 4,600

Total Current Assets 36,700

Non-Current Assets

Equipment (225,000-36,900) 188,100

Total Assets 224,800

Liabilities & Shareholders' Equity

Current Liabilities

Accounts Payable 10,600

Notes Payable 65,000

Salaries Payable 3,900

Total Current Liabilities 79,500

Equity

Common Stocks 97,000

Retained Earnings (25,900+133,000-21,400-13,600-2,600-16,800-33,500-6,700) 64,300

Dividends (16,000)

Total Equity 145,300

Total Liabilities & shareholders' equity 224,800

You might be interested in

Which one of these statements is correct? Long-term debt is the residual difference between assets and liabilities. Net income t

sergey [27]

Answer:

Long term debt requires a payout of cash within a stated time period.

Explanation:

When entering into a long term debt, there are terms and conditions like interest to be charged and payment terms so obviously there is an expected cash payout to repay the debt at a stated time period.

3 0

3 years ago

Read 2 more answers

Expectancy theory suggests that managers must recognize employees work for a variety of reasons, these reasons may change over t

lana66690 [7]

TRUE

Explanation:

Managers appoint employees because they are able to produce work.
It is mandatory for a manager to keep recognition because task..
It could be monotonous,hard and the learning curve of this employee.
Existing employee can complete the task much faster, new ones.
Manager has to give champions of the month,spot award, golden.
Award it gives the employee that exponential boost and happiness.
Those things can change over time depending on the business.
If Manager in a particular business doesn't require recognition.
Manager provides promotion,salary, hike, bonus and others.
This self of awareness employee is comfortable, with Manager.
For a long time.

7 0

3 years ago

What will happen to trade if business is flourishing?

PolarNik [594]

Answer:

if the business is florishing, as an example Medical sectors during pandemic they are going to grow till they are in a high demand

8 0

3 years ago

You're the account manager for a client who wants to increase reservations at her boutique hotel. You've been manually managing

Bumek [7]

Answer: Apply target cost-per-acquisition (CPA) bidding to drive conversions at her desired CPA.

Explanation: In this case the customer wants to gain administrative division at her hotel, looking for ways to save time and optimize. We can most efficaciously do this by utilizing target cost-per-acquisition (CPA) bidding in order to thrust interpretation at her desired CPA.

Therefore the correct option in this case is (d)

3 0

3 years ago

After informing his employer that he had cancer, Maury was abruptly fired. The federal legislation that prohibits discrimination

DIA [1.3K]

Answer:

A) the Fair Labor Standards Act.

Explanation:

The fair labor standard act is a federal legislation set up to protect employees from certain sharp practices by employers which pertains to pay packages, minimum wage, record keeping in private or governmental organizations.

This also includes employment standards followed by employers when recruiting workers.

7 0

3 years ago