True statements about Anna's balance sheet are:
- Anna will need to find the total value of her jewelry and bank account.
- The period of the balance sheet will be one year.
- Anna will add the value of the assets and subtract the value of the liabilities.
<h3>What goes into the Balance Sheet?</h3>
The balance sheet includes the totals of assets which includes Anna's jewelry and the cash in her bank account. She will then add the value of these assets and subtract the liabilities to find the Net Asset Value.
The period of the balance sheet will be a year because the Balance sheet shows the statement of one's financial position over a year.
Find out more on Balance sheets at brainly.com/question/1113933.
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Answer:
$1,275
Explanation:
Recall that,
Net operating working assets (NOWC) = Current assets - (current liabilities - notes payable).
Thus,
Given that
Current assets = 2500
Current liabilities = 975 + 250 + 600 = 1825
Notes Payable = 600
Therefore,
NOWC = 2500 - (1825 - 600)
NOWC = 2500 - 1225
NOWC = $1275
Answer:
$3,500 Unfavorable
Explanation:
The computation of variable overhead efficiency variance for Clan for November Year 2 is shown below:-
Variable overhead efficiency variance
= (Standard labor hours - actual labor hours) × (Standard variable overhead rate)
= (3,500 × 2 - 7,500) × $7
= (7,000 - 7,500) × $7
= $3,500 Unfavorable
Therefore for computing the Variable overhead efficiency variance we simply applied the above formula.
Answer:
$1,000 loss
Explanation:
The numbers are missing here, so I looked for a similar question:
A copy machine cost $5,000 when new and has accumulated depreciation of $4,000.
The carrying value of the copy machine = purchase cost - accumulated depreciation = $5,000 - $4,000 = $1,000
if the copy machine is discarded and doesn't get any money for it, this will result in a loss equal to the carrying value = $1,000
If as a part of its business, a company routinely handles toxic materials, all employees who come into contact with the hazardous materials should <span>be trained to safely handle and dispose of the materials! This is extremely important.</span>