All categories

3 years ago

The following information is available for Blossom Company:

Business

1 answer:

Aleonysh [2.5K]3 years ago

8 0

Answer:

Total Assets = $124,510

Total Liabilities = $38,320

Total Stockholders' equity = $86,190

Explanation:

Blossom Company

Balance sheet

As at December 31, 2022

Assets

Current assets

Cash $6,390

Accounts receivable 2,100

Supplies 3,800

Inventory 2,920

Total current asset $15,210

Non-current asset

Equipment (net) 109,300

Total assets 124,510

Liabilities and Stockholders' Equity

Current liabilities

Accounts payable $4,500

Interest payable 670

Unearned service revenue 820

Salaries and wages payable 830

Total current liabilities $6,820

Long-term liabilities

Notes payable 31,500

Total liabilities $38,320

Stockholders' equity

Common stock 58,900

Retained earnings (Balancing amount) 27,290

Total stockholders' equity $86190

Total liabilities and stockholders' equity $124,510

You might be interested in

Among the following, who is not a Management expert? Peter F. Drucker Mc Kinsey Albert Grahmbell Elton Mayo

monitta

Answer:

Elton mayo should be the answer

7 0

3 years ago

If an excise tax is imposed on restaurant meals, a. fewer meals will be produced and sold b. more meals will be produced and sol

solniwko [45]

Answer:

Correct option is (a)

Explanation:

Excise tax is an indirect tax which is not imposed on customers directly. Excise tax is imposed on producers or sellers for goods produced and they in turn transfer the burden of tax on customers in the form of higher prices. That is why, it is called indirect tax.

It is usually imposed on those goods such as liquor and tobacco whose consumption the Government needs to decrease. If excise tax is imposed on restaurant meals, then the restaurant will be able to produce and sell less at the same price it was charging earlier. If the restaurant wishes to sell more, then it will have to charge higher price.

6 0

3 years ago

An example of an externally identified problem would be management voicing concern about the organization's lack of a competitiv

asambeis [7]

Ihope it helps you

ithink the answer is true !!!

8 0

3 years ago

Which of the following is the process of designing, managing, and improving the movement of finished goods and works in process

IrinaVladis [17]

Answer:

E. Outbound logistics.

Explanation:

Outbound logistics is the process of designing, managing, and improving the movement of finished goods and works in process through the supply chain. In outbound logistics goods are stored, transported and distributed to the customers. There are two types of logistics, inbound and outbound. In inbound logistics, goods and materials move inside the organization while in outbound logistics the movement of the products is outside of the business. Outbound logistics is one of the important mechanism of the organization where they move their final products to the distributors, wholesalers and final consumers.

4 0

3 years ago

Sharman Athletic Gear Inc. (SAG) is considering a special order for 15,000 baseball caps with the logo of East Texas University

Vedmedyk [2.9K]

Solution and Explanation:

The data of SAG of special order is given below:

Cost per unit = $3.50 , Allocated fix cost = $1.50 , Number of units in order = 15000

Calculated the total cost of the special order as follows:

Incremental cost per unit = Cost per unit-Allocated fix cost =$(3.50 minus 1.50) =$2

Incremental cost per unit=cost per unit-allocated fix cost =$(3.50 minus1.50) =$2

Total incremental cost 15000 unit = number of units in order x Incremental cost per unit =15000 multiply $2 =$30000

Therefore, total cost of the special order is $30000

b) Offering price by ETU = $35000. Hence, the offer made by ETU would affect the short term of the special order.

Contribution cost = $(35000 minus 30000) =$5000

6 0

3 years ago