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3 years ago

What is an important part of taking meeting minutes?

1 answer:

3 0

An important part of taking meeting minutes is C. PAYING CLOSE AND CAREFUL ATTENTION.

A meeting minutes can be described as a log of chronological event within the meeting. It is a log wherein everything that happened during the meeting is noted. Like who led the meeting, the topics discussed, the questions raised and the answers given. It also records the plans for future discussions and resolutions reached during the meeting.

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At the end of the first month of operations, the Lamar Company's accountant prepared financial statements that showed the follow

Sedaia [141]

Answer:

Assets = $87,350

Liabilities = $30,450

Stockholders' Equity = $56,900

Net Income = $7,900

Explanation:

The correct amounts of assets, liabilities and stockholders' equity at month-end and net income for the month can be determined as follows:

Assets = Recorded asset value - Depreciation + Unbilled service revenue = $90,000 - $4,500 + $1,850 = $87,350

Liabilities = Recorded liabilities + Unpaid wages = 30,000 + 450 = $30,450

Stockholders' Equity = Recorded Stockholders' Equity - Depreciation + Unbilled service revenue - Unpaid wages = $60,000 - $4,500 + $1,850 - $450 = $56,900

Net Income = Recorded net income - Depreciation + Unbilled service revenue - Unpaid wages = 11,000 - $4,500 + $1,850 - $450 = $7,900

Note that from the above calculations, we can obtain:

Liabilities + Stockholders' Equity = $30,450 + $56,900 = $87,350

This therefore confirms the accounting equation that:

Assets = Liabilities + Stockholders' Equity = $87,350

8 0

3 years ago

How can money in a savings account grow

Masteriza [31]

The bank puts interest in your account because they take sum of it to loan to ppl and it’s goes through a lot and comes back to your account and then sum

7 0

3 years ago

A company manufactures various sized plastic bottles for its medicinal product. The manufacturing cost for small bottles is $67

VLD [36.1K]

Answer:

The company should buy from an outside source rahter than manufacturing because each bottle manufactured costs $5 more.

Explanation:

Differential Analysis

Make Buy

Manufacturing Cost per bottle $ 67

Purchasing Cost per bottle $35

Freight per bottle $ 5

Fixed Costs $ 22

Total $ 67 $62 

The company should buy the bottles from the outside source because the manufacturing costs are higher than the purchasing costs and the fixed costs.

The fixed costs are the irrelevant costs that will continue whether bottles are manufactured or purchased.

6 0

3 years ago

The following information was taken from the records of Roland Carlson Inc. for the year 2017: income tax applicable to income f

avanturin [10]

Answer:

Following are the solution to the given question:

Explanation:

Revenue before continuing business 585000

less:income tax -187000

Continuous business revenue 398,000

Operations stopped

Loss of non-compliance -75000

Less: Applicable drop in income tax from 25500 - 49500

net sales 348500

Popular inventory per share

Continued operating revenue $[\frac{398000}{100000}] \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$3.98$

Losses on disrupted businesses, tax net $[\frac{-49500}{100000}]$ Net-0.495

Net profits $[\frac{348500}{100000}] \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 3.485$

8 0

3 years ago

Assume that Saudi Arabia has production possibilities to produce either 100 barrels of oil using 100 worker hours or 25 bushels

Hatshy [7]

Answer: 10 bushels

Explanation:

If they produce 100 barrels of oil using 100 worker hours, it means that the number of work hours taken for 1 barrel is:

= 100 / 100

= 1 work hour

For bushels however, 1 worker hour produces:

= 25 / 100

= 0.25 bushels of corn

If 60 barrels of oil are produced, it means 60 worker hours were used which would leave 40 worker hours.

Bushels of corn produced is therefore:

= 40 * 0.25

= 10 bushels

5 0

3 years ago