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Naddik [55]
3 years ago
10

Tootsie Roll Industries is engaged in the manufacture and sale of candy. Major products include Tootsie Roll, Tootsie Roll Pops,

Tootsie Pop Drops, Tootsie Flavor Rolls, Charms, and Blow-Pop lollipops. The following items were listed on Tootsie Roll's recent income statement and balance sheet. Mark each item from the balance sheet as an asset (A), liability (L), or shareholders' equity (SE) and each item from the income statement as a revenue (R) or expense (E).
a. Notes payable to banks
b. General and administrative
c. Accounts payable
d. Dividends payable
e. Retained earnings
f. Cash and cash equivalents
g. Accounts receivable
h. Provision for income taxes[1]
i. Cost of goods sold
Business
1 answer:
kolezko [41]3 years ago
3 0

Answer:

Matching the financial statement items to financial statement categories:

Financial Statement Items                          Financial statement

a. Notes payable to banks                             Liability (L)

b. General and administrative                       Expense (E)

c. Accounts payable                                       Liability (L)

d. Dividends payable                                      Liability (L)

e. Retained earnings                                       Shareholders' equity (SE

f. Cash and cash equivalents                        Asset (A)

g. Accounts receivable                                  Asset (A)

h. Provision for income taxes[1]                     Expense (E)

i. Cost of goods sold                                     Expense (E)

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arsen [322]
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6 0
3 years ago
Ways by which scientific management play a role in the management of a modern crisis ​
stiv31 [10]

Explanation:

In the current global health crisis, scientific management has an extremely relevant role in helping to find solutions and improvements that will reduce the crisis.

Through science and scientific research supported by a set of reliable evidence, it is possible to find new solutions and technologies for diagnosis and treatment of the disease that caused the crisis.

Some of the ways in which scientific management can assist in the global pandemic are:

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5 0
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Based on the following cost estimates, what is the reproduction cost of a 2,350-sq.-ft. house with a 1,100-sq.-ft. basement, a 6
alukav5142 [94]

Answer: Total reproduction estimate = $215750

Explanation:

house = 2350 sq.ft. x $77 = $180950

Basement = 1100 sq.ft x $18 = $19800

Garage cost = 650 sq.ft x $18 = $11700

Wood deck = 300 sq.ft. x $11 = $3300

Total reproduction estimate = $180950 +   $19800 + $11700 + $3300

Total reproduction estimate = $215750

7 0
3 years ago
Q1. SISKO & Co. Ltd commences business and issues one million shares with a nominal value of Le3 each. The company allows it
Artyom0805 [142]

Answer:

SISKO & Co. Ltd.

1. The paid-up share capital is:

A. Le1.25 million

2. Current Ratio will be:

(B) 3:1

Explanation:

a) Data and Calculations:

Issued share capital = 1,000,000 shares

Allotment = Le1.25 per share

Paid-up share capital = Le1.25 million (Le1.25 * 1,000,000)

Current Ratio:

Cash Balance                  Le15,000

Trade Receivables         Le35,000

Inventory                        Le40,000

Total current assets      Le90,000

Current liabilities:

Trade Payables             Le24,000

Bank Overdraft               Le6,000

Total current liabilities Le30,000

Current ratio = Current assets/Current liabilities

= Le90,000/Le30,000

= 3:1

8 0
3 years ago
Kasey Corp. has a bond outstanding with a coupon rate of 5.86 percent and semiannual payments. The bond has a yield to maturity
BaLLatris [955]

Answer:

Market price = $2,464.21

Explanation:

coupon rate = 5.86% / 2 = 2.93%

YTM = 4.3% / 2 = 2.15%

face value = $2,000

periods to maturity = 24 x 2 = 48

Present value of face value = $2,000 / (1 + 2.15%)⁴⁸ = $720.42

Present value of coupon payments = $58.60 x {[1 - 1/(1 + 0.0215)⁴⁸ ] / 0.0215} = $1,743.79

Market price = $2,464.21

3 0
3 years ago
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