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3 years ago

How to do a balance sheet?

1 answer:

3 0

Balance sheet is a statement of all your assets, liabilities, and your capital.

List down all your assets, liabilities, and capital or equity.

Total Assets = Total Liabilities + Owner's Equity

Total Assets include: land, buildings, inventory, cash, account receivables, etc.

Total Liabilities include: accounts payable, notes payable, allowance for depreciation, etc.

Owner's equity: capital/stocks, withdrawal, additional capital, etc.

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Assume that on September 30, 2017, AirUS, an international airline based in Germany, purchased a Jumbo aircraft at a cost of

kaheart [24]

Answer:

A.7,650,000

B.2,677,500

C.17,000,000

Explanation:

DATA:

purchase cost = 42,500,000

Useful life = 5 years

Estimated useful life in miles = 5,000,000 miles

Salvage value = 4,250,000

Actual useful life in miles = 350,000miles

Solution

A. Depreciation (straight-line)= $\frac{Cost-residualvalue}{Usefullife}$

Depreciation( straight-line)= $\frac{42,500,000-4,250,000}{5}$

Depreciation( straight-line)= 7,650,000

B Depreciation (units of production)= (cost-Salvage value) x $\frac{Actualunits}{Estimatedunits}$

Depreciation (units of production)= (42,500,000-4,250,000)x $\frac{350,000}{5,000,000}$

Depreciation (units of production) = 2,677,500

C. Depreciation (Double declining) = 2 x cost x depreciation rate

Depreciation (Double declining) = 2 x 42,500,000 x 0.2(w)

Depreciation (Double declining) = 17,000,000

Working

Depreciation Rate = 1/Useful

Depeciation Rate = 1/ 05 = 0.2

6 0

4 years ago

In your own words, what are the strengths and

babymother [125]

Explanation:

yesbbjvvhbvvvnnnnjjhhhb

7 0

3 years ago

It is estimated that firms lose ___________ annually in productivity, absenteeism, and employee turnover due to caring for aging

Sergeu [11.5K]

Answer:

$11 billion annually.

Explanation:

Firms carried out assessments based on their daily activities as well as employee assessment.

Employees in firms are assessed based on their productivity level, rate at which they are absent from work as well as their turnover rate in the firm.

Low productivity can be defined as a decrease in the production capacity of a firm due to the inefficiency of workers.

Absenteeism can be defined as when a person is not present at work. This may be due to genuine or deliberate reasons.

Employee turnover can be defined as the number of employees who leave a firm and are replaced with new employees.

Low productivity, consistent absenteeism and employee turnover rates are said to cause firms to lose a lot of money due to:

a. Payment of salary for absent workers

b. Having to find replacement for absent staffs.

c. Low productivity due to lack of or absent staffs.

It is estimated that firms lose $11 billion annually in productivity, absenteeism, and employee turnover due to caring for aging parents.

7 0

4 years ago

The settlement option that provides for ongoing payments for a period of time is called

Aneli [31]

The settlement option that provides for ongoing payments for a period of time is called annuity. The annuity is a type of insurance contract in which they provide an individual an annual income for a long period of time such as an example of this is a pension.

7 0

3 years ago

On December 31, 2020, Berclair Inc. had 200 million shares of common stock and 3 million shares of 9%, $100 par value cumulative

Fed [463]

Answer:

0.65 per share

Explanation:

Calculate weighted average share

Date Weighted average share

Jan 1 200*1.05*2/12 35

Mar 1 (200-24)*1.05*4/12 61.6

July 1 184.80*3/12 46.2

Oct 1 188.80*3/12 47.2

Total 190

Earning per share = (150-27)/190 = 0.65 per share

4 0

3 years ago