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dybincka [34]
4 years ago
9

Assume that the beginning balances for the customer accounts were zero, except for Tillman Inc., which had a $590 beginning bala

nce. In addition, there were no collections during the period. a. Set up a T account for Accounts Receivable and T accounts for the four accounts needed in the customer ledger. b. Post to the T accounts. c. Determine the balance in the accounts. d. Prepare a listing of the accounts receivable customer balances as of May 31, 20Y3.
Business
1 answer:
bekas [8.4K]4 years ago
3 0

Answer:

Detailed balance sheet is attached .

Explanation:

Download docx
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Canine Industries anticipates investment in equipment designed to improve the efficiency of its operations. The company anticipa
pogonyaev

The amount of after-tax cash flows for Company C on its investment is $37,500.

<h3>What is an after-tax income?</h3>

After-tax income is the gains earned by the company in an accounting year that remain after adjusting its income taxes.

Given values:

Revenues: $10,000

Savings: $40,000

Total investment income: $50,000 ($10,000 + $40,000)

Rate of tax: 25%

Computation of after-tax cash flows of an investment project:

\rm\ After-tax \rm\ cash \rm\ flows=\rm\ Total \rm\ investment \rm\ income - (\rm\ Total \rm\ investment \rm\ income \times\ 25\%)\\\rm\ After-tax \rm\ cash \rm\ flows= \$50,000- (\$50,000 \times\ 25\%)\\\rm\ After-tax \rm\ cash \rm\ flows=\$37,500

Therefore, $37,500  is the value of after-tax ash flows being earned from the investment in equipment.

Learn more about the after-tax income in the related link:

brainly.com/question/14310665

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5 0
2 years ago
In January, Dieker Company requisitions raw materials for production as follows: Job 1 $970, Job 2 $1,700, Job 3 $790, and gener
Mekhanik [1.2K]

Answer:

Dr Work in Process Inventory $3460

Cr Manufacturing Overhead $660

Cr Raw materials Inventory $2,800

Explanation:

Preparation of a summary journal entry to record raw materials used.

Based on the information given the summary journal entry to record raw materials used will be:

Dr Work in Process Inventory $3460

($970+$1700+$790)

Cr Manufacturing Overhead $660

Cr Raw materials Inventory $2,800

($3460-$660)

(To record raw materials used)

3 0
3 years ago
How might a technology company like apple ensure that it behaves in a socially responsible way toward its customers? by protecti
Serhud [2]

The correct answer is the first option. By protecting the privacy of personal information collected on its website a company like apple would be behaving in a socially responsible way towards its customers. Technology companies like apple have a responsibility to protect the personal information of its customers, if this wasn't the case then people would not buy their products as they would not have any faith in the company.

7 0
3 years ago
Read 2 more answers
Many people think of organizations as clockworks, but in reality, organizations are often seen as __________ to those who work i
Neporo4naja [7]

Answer: Snakepits

Explanation: Schwartz in 1987 described human behavior in organizations is complex and often difficult to understand. The way organizations are seen can be from an internal or external perspective. Whereas the external perspective sees it as clockwork (a view of organizations as healthy and productive systems, where workers in them have a clear sense of the shared vision and values devoid of conflict, in other words, the behaviour of workers is defined as logical and rational), the internal perspective sees it as a snakepit (a view that conveys the daily conflict, distress, and struggle in organizations, in other words, it brings to light the dark aspect of human behavior—workplace violence, rage etc.)

3 0
4 years ago
You purchase one IBM July 90 call contract for a premium of $4. The stock has a 2 for 1 split prior to the expiration date. You
Jet001 [13]

Answer:

$200 profit

Explanation:

Call profit

=2 {0, [$48 - ($90/2)(100)]} - $400 = $200

3 0
4 years ago
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