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3 years ago

The following information relates to Sheridan Company for the year 2022.

Business

1 answer:

aliina [53]3 years ago

5 0

Answer:

a. Computation of net income

Particulars Amount

Service revenue $52,500

Less: Expenses

Salaries and wages expenses ($23,520)

Utilities expense ($2,600)

Rent expense ($8,740)

Advertising expense ($1,510)

Net Income $16,130

b. Computation of comprehensive income statement

Particulars Amount

Net Income $16,130

Add: Other Comprehensive Income $380

Comprehensive Income $16,470

Note: Dividend will not be included as it forms part of Income statement

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a rectangular swimming pool has dimensions 45 metre by 20 metre concrete path of 3.5 m width is laid around it .Find the cost of

Anon25 [30]

Answer:

Rs. 5993.75

Explanation:

The computation of the cost of laying the path is given below:

= {area of(pool +path)- area of pool }

= ((45 + 3.5) × (20 + 3.5)) - (45 × 20)

= (48.5×23.5) - (45 × 20)

= 1139.75 - 900

= 239.75 square meters

Now the cost is

= 239.75 × 25

= Rs. 5993.75

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3 years ago

On October 31, Legacy Rocks Inc., a marble contractor, issued for cash 77,000 shares of $10 par common stock at $11, and on Nove

kkurt [141]

Answer:

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Explanation:

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3 years ago

You are the beneficiary of a life insurance policy. The insurance company informs you that you have two options for receiving th

lara [203]

Answer:

E. You should accept the $200,000 because the payments are only worth $195,413 to you today

Explanation:

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$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 1,400.00

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3 years ago

You decide to take $600 out of your piggy bank at home and place it in the bank. If the reserve requirement is 2 percent, how mu

Ostrovityanka [42]

To determine the increase in the amount of money in the economy brought about the $600 taken out of the piggy bank, we multiply $600 by the decimal equivalent of the percentage given. That is,
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2 years ago

Kayleigh is looking over a number of material requisition slips from her employees. She has to sign off on each request after re

dedylja [7]

Answer:

B. No, approval by an individual other than the requestor establishes greater accountability over inventory.

Explanation:

This step is required as it will ensure control over inventory usage.

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3 years ago