Answer:
The stockholders' equity is $6,90,000.
Explanation:
<u>Calculating the Total stockholders' equity:</u>
Total stockholders equity = Beginning stock equity + Net income
Total stockholders equity = (31,000 * 20) + 70,000
Total stockholders equity = 6,20,000 + 70,000
Total stockholders equity = $6,90,000
Answer:
Net Income for the year is $41700
Explanation:
The accounting basis that is generally followed by the businesses is the accrual basis of accounting. The accrual principle states that incomes and expenses should be recorded and recognized in the period to which they relate to rather than in the period where cash is received or paid.
This means that we will record income and expenses related to this year in this year's profit calculation even when we have not received or paid cash for such incomes and expenses.
Thus, net income for this year will be calculated as,
Net Income = Total Sales Revenue - Total expenses
Net income = 113000 - 71300
Net Income = $41700
Answer: See explanation
Explanation:
September 1:
Debit Common stock $6000
Credit: Cash $60000
September 1:
Debit: Rent $1500
Credit: Cash $1500
September 3:
Debit: Cash $10000
Credit: Note payable $10000
September 3:
Debit: Cleaning Equipment $5,500
Credit: Cash $3,000
Credit: Account payable $2,500
September 4:
Debit: Supplies $4200
Credit: Cash $4200
September 10:
Debit: Cash $3500
Credit: Service revenue $3500
September 21:
Debit: Account receivable $3800
Credit: Service revenue $3800
September 23:
Debit: Account payable $2500
Credit: Cash $2500
September 28:
Debit: Bank $2800
Credit: Account receivable $2800
September 29:
Debit: Electricity expense $85
Credit: Electricity payable $85
September 30:
Debit: Wages $1950
Credit: Cash $1950
September 30:
Debit: Gasoline $275
Credit: Cash $275
September 30:
Debit Dividend $900
Credit Cash $900
An agent and broker is one type of marketing intermediary that brings together buyers and sellers and assists in negotiating an exchange but does not take title to the goods.
<h3>What are agent and broker?</h3>
Agents and brokers are described as the traders that conduct the trade of goods, or can associate with buying and selling processes. It is important to mention that agents and brokers form an important link in influencing a supplier, trading of products, and movement of goods.
The agents and the brokers do not possess the goods but act as an important intermediary who makes it easy to buy and sell. In other words, the agents and the brokers bring the sellers and the buyers together so that an effective negotiation process can be conducted.
It can be concluded that an agent and broker is one type of marketing intermediary that brings together buyers and sellers and assists in negotiating an exchange but does not take title to the goods.
To know more about, agents and brokers, check this link:
brainly.com/question/28264386
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Solution :
The price per trip is given as 
The number of trips is given as = 800
The total cost calculations are as follows :
Particulars Amount Calculations
Annual cost for automobile van $ 18,000 
Cost of driver salary $ 80,000 45000 + 35000
Cost of fringe benefits $ 24,000 80000 x 30%
Cost of insurance $ 2,000 
Fuel and maintenance $ 8,000
Total cost $ 132,000.00
Therefore the price per trip 
