Answer:
Total stockholders' equity = $10,014,055
Explanation:
See below images to get step-by-step explanation:
Answer:
.
Bill can produce 10 unit of food or 10 unit of clothing, while Hillary can produce 20 units of food or 30 units of clothing in 10 hours a day.
Answer:
*** Cash $37,500
Explanation:
Optimum weight loss classified balance sheet .
Assets
Current assets
Cash $37,500
Account receivables $116,750
Prepaid insurance $7,200
Prepaid rent $21,000
Supplies $4,800
Total current assets $187,250
Non current assets
Equipment $474,150
Less
Accumulated depreciation $186,400
NBV $287,750
Land $300,000
Total non current assets
$587,750
Total assets
$775,000
Liabilities
Accounts payable $37,700
Salaries payable $9,000
Unearned fees $18,000
Total liabilities
$64,700
Equity
Common $75,000
Retained earnings $635,300
Total equity
$710,000
Total liabilities + equity
$710,300 + $64,700 = $775,000
Answer:
Arbitrary allocation.
Explanation:
Arbitrary allocation is a method where costs budgeted are not based on any precise measurement,hence accurate costs could not be arrived at.
This approach to budgeting breeds inefficiencies as the accurate budgeting is expected to lead to accurate costing of products as well as pricing.
All in all,the true profitability of a business cannot be ascertained.
Finally,the organization adopting this type of approach needs to change to other accurate methods of budgeting such incremental or rolling budgeting.
STEM is Science, Tech, Engineering, and Math
