Preparation of statement of owner's equity for Hawkin for the month ended December 31.
<h3>What is owner's equity?</h3>
Owner's equity is the amount of money that would be returned to a company's shareholders if all of the assets were liquidated and all of the company's debt was paid off in the case of liquidation.
Owner's Equity = Assets – Liabilities
Assets
Cash $ 8,300
Accounts Receivable 1,100
Supplies $2,800
Equipment 15,100
Total Assets $27,300
Liabilities
Accounts Payable 7,600
Withdrawals 2,100
Total liabilities ($9,700)
Owner's equity $17,600
Learn more about owner's equity here : brainly.com/question/11110287
The answer is D as inflation usually consists of the rise of price in goods and services. The salary is not decreased, however it is worth less as everything rises in cost and his salary stays the same.
Hope that helps!
Answer:
monthly costs would increase by $1,350
Explanation:
Since basically no current cost is avoidable, i.e. labor costs remain the same and common fixed costs remain the same, the only possible cost reduction could be less office supplies used which is basically a marginal cost. Since no costs will decrease, then the incremental analysis = $1,350 (increased costs) - $0 = $1,350
Answer:
$85,050
Explanation:
The material handling cost of Merone Company is allocated on the basis of direct labor hours.
Expected Total direct labor-hours (710 labor hour per unit * 5,100 units produced + 210 labor hour per unit * 8,100 units produced
= 3,621,000 + 1,701,000
Total Expected direct labor hours = 5,322,000
Material handling cost per labor hour: $266,100 / 5322000 labor hours
= $0.05 per labor hour
$0.05 per labor hour * 1,701,000 labor hours of Prefab Brans
= $85,050
Answer:
A loss of $11600
Explanation:
The cost of the item is $36000. to calculate depreciation per year we first minus residual value and then divide it by the number of useful years as so:
$36000 - $4000 = $32000
$32000 ÷ $5 = 6400
This means on 31 December 2016 the Carrying amount would be :
$36000 - $6400 = 29600
if it was sold on this day that means that it would have been sold at a loss as the carrying amount exceeds the amount of money it was sold for
$18000 - $29600 = -$11600
