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3 years ago

Given the list of accounts below, identify which of them would appear on a balance sheet. (Check all that apply.)

Business

1 answer:

aksik [14]3 years ago

4 0

Answer:

(A) Accounts Payable - Liabilities

(D) Equipment - Assets

(E) Supplies - Assets

(F) Retained earning - Owner's Equity

(H) Cash - Assets

Explanation:

The major categories in a balance sheets are: Assets, Liabilities and Owner's Equity,

Assets are many things (as equipment, machinery, Receivables, etc) that belongs to the company, please see details in the answer.

Liabilities represent the obligations of the company with all kind of creditors.

And finally Owner's Equity it's the Capital that support part of the Assets along with the Liabilites.

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.Cantlivia is a small and poor nation, but its current prime minister has a desire to create more wealth for her citizens. The p

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<h2>Establish a business environment that promotes and rewards is the choice which the Prime Minister likely to choose.</h2>

Explanation:

The motto here is to increase the wealth of the country.

Option 1: Invading other countries is unethical and also, it cannot assure that, Cantlivia will improve. The reason is the country which the option says is poorer than Cantlivia, so point of growth could be seen.

Option 2: Already the country economy is down, so purchasing new tools is not possible hence this option is invalid.

Option 3: We can increase wealth only by creating business and creating entrepreneurs. So this is the right choice.

Option 4: Creating a barrier will actually slow down wealth. So this option is not right.

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3 years ago

The Rogers Corporation has a gross profit of $746,000 and $305,000 in depreciation expense. The Evans Corporation also has $746,

allochka39001 [22]

Answer:

Net cash flow for The Rogers Corporation: $435,200

Net cash flow for The Evans Corporation: $332,400

Explanation:

For The Rogers Corporation:

Income before tax = $746,000 - $305,000 - $224,000 = $217,000

Tax = $217,000 x 40% = $86,800

Net income afer tax = $217,000 - $86,800 = $130,200

Net cash flow = Gross profit - Selling and administrative expense - Tax = $746,000 - $224,000 - $86,800 = $435,200

For The Evans Corporation

Income before tax = $746,000 - $48,000 - $224,000 = $474,000

Tax = $474,000 x 40% = $189,600

Net income afer tax = $474,000 - $189,600 = $284,400

Net cash flow = $746,000 - $224,000 - $189,600 = $332,400

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4 years ago

Suppose the federal reserve wants to decrease the money supply by $400 billion. if the reserve requirement (rr) is 0.2, calculat

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Two main modifications be made to guard the public, avoid bank bailouts, and expand banking protection and soundness.

<h3>What is the change in required reserves?</h3>

Increasing the (reserve requirement) ratios reduces the extent of deposits that can be supported with the aid of a given level of reserves and, in the absence of different actions, reduces the money stock and raises the price of credit.

<h3>What are the three dreams of the Federal Reserve?</h3>

It is the Federal Reserve's actions, as a central bank, to acquire three dreams distinct by using Congress: maximum employment, secure prices, and average long-term hobby rates in the United States.

Learn more about federal reserves here:

<h3>brainly.com/question/25817380</h3><h3 /><h3>#SPJ4</h3>

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2 years ago

The Arkansas Company makes and sells a product called Product K. Each unit of Product K sells for $39 dollars and has a unit var

ioda

Answer:

$36,020.40

Explanation:

The computation of cash balance is shown below:-

Excess of cash receipts over disbursement = Beginning cash balance + Cash receipts - Cash disbursement

= $64,500 + $1,302,200 - $1,310,000

= $1,366,700 - $1,310,000

= $56,700

Interest = X × 0.02

Cash balance at end = Excess of cash receipts over disbursement + Borrowing - Interest

$92,000 = $56,700 + X - 0.02x

$92,000 - $56,700 = 0.98x

X = $35,300 ÷ 0.98

= $36,020.40

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3 years ago

Following are two income statements for Alexis Co. for the year ended December 31. The left number column is prepared before any

ladessa [460]

Explanation:

Adjusting entries of fees collected in advance:

1. Dr unearned fee 6600

Cr fees earned 6600

Depreciation of Computers:

Dr Depreciation expense - computer 1650

Cr Accumulated depreciation 1650

Depreciation of Furniture:

Dr Depreciation expense - office furniture 1925

Cr Accumulated depreciation 1925

Adjusting entries of salaries:

Dr Salary expense 2695

Cr Salary payable 2695

Adjusting entries of Insurance:

Dr Insurance expense 1430

Cr prepaid insurance 1430.

Adjusting entries of office supplies:

Dr Office supplies expense 528

Cr Office supplies 528

Adjusting entries of utilities:

Dr Utilities expense 77

Cr Utilities payable 77

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3 years ago

Read 2 more answers