An example of an ______ goal would be enrolling in an architect program

On 12/31/2015, Heaton Industries Inc. reported retained earnings of $675,000 on its balance sheet, and it reported that it had $

Sergio [31]

Answer:

Heaton paid a total of $52,500 as dividend during 2015

Explanation:

Dividends in 2015 = Previous year retained earnings - Current year retained earnings + Current year net income

Dividends in 2015 = 555,000 - 675,000 + 172,500

Dividends in 2015 = $52,500

Heaton paid a total of $52,500 as dividend during 2015

7 0

4 years ago

Answer the questions below regarding the heating of a house in the Midwestern United States. Assume the following.

Mandarinka [93]

a. The calculation of the requirements is as follows:

i. The cubic feet of natural gas required to heat the house for one winter is 160,000 (160,000,000/1,000).

ii. The cost of heating the house for one winter is $800 (160,000,000/1,000,000 x $5).

b. To conserve heat energy, lowering the cost of heating the house, the residents could take the following actions:

Turn off lights, computers, televisions, video games, and other electrical equipment when not in use.
Buy equipment with less energy consumption (that is, energy-saving appliances).
Adopt renewable energy sources.

c. i. Two pollutants resulting from burning coal are <u>Sulfur dioxide (SO2) and Nitrogen oxides (NOx)</u>.

ii. One method to reduce the impact of coal energy is carbon capture. Carbon capture separates the CO2 and recovers it for underground permanent storage or sequestration.

<h3>Data and Calculations:</h3>

Square feet of the house's living space = 2,000

Heat per square foot = 80,000 BTU

Total heat required = 160,000,000 BTU (2,000 x 80,000)

Cost of natural gas per thousand cubic feet = $5

Cubit foot of natural gas = 1,000 BTUs of heat energy

Total cost of heating = $800 (160,000,000/1,000,000 x $5)

Learn more about the cost of heating here: brainly.com/question/3858176

7 0

3 years ago

During May 2020, a company spend $14,000 on ordinary maintenance of its delivery trucks. These maintenance costs should have bee

dalvyx [7]

Answer: A. Total Assets are overstated as of May 31, 2020 and May 2020 Net Income is overstated

Explanation:

Capitalizing the costs of the maintenance means that the $14,000 was taken to the Machinery Account which is an asset when in fact it should have been taken to the Maintenance Expense account which is an expense. This will increase the Asset account for May by $14,000 when it should not have meaning that the Asset account is now Overstated.

Net Income is acquired by deducting expenses from Sales/Revenue. The $14,000 which should never have been recorded as an Asset but instead as an expense, will mean that this Expense will not be deducted from the Net Income because it is being recognized as an Asset. This will mean that the Net Income for May will be Overstated by $14,000 which was supposed to be removed from it.

5 0

3 years ago

Common inherent limitations in internal control include ________.

lianna [129]

Answer:

A. ineffective understanding of the purpose of a control

Explanation:

Internal controls can be regarded as mechanisms or rules, as well as procedures put in place, by a company so that integrity of financial as well as accounting information, are ensured and to promote accountability as well as prevention of fraud. It should be noted that Common inherent limitations in internal control include ineffective understanding of the purpose of a control

8 0

3 years ago

You and a friend decide to spend $100 each on concert tickets. Each of you alternatively could have spent the $100 to purchase

Rus_ich [418]

Answer:

The opportunity cost is the cost that is generated by selecting some other alternative. The opportunity cost indicates the value or activity that is foregone to do something else.

In our case, me and my friend decided to go on a concert and concert ticket price is $100.

There are other three alternatives available for me and my friend other than concert:

(i) purchase a textbook worth of $100.

(ii) meal at a highly rated local restaurant

(iii) internet movie downloads

It was given that my next best alternative to the concert is internet movie downloads and my friend's next best alternative to the concert is meal at a highly rated local restaurant.

Hence,

The opportunity cost for me and my friend of the concert tickets that we purchased are internet movie downloads and meal at a highly rated local restaurant, respectively.

8 0

4 years ago