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Savatey [412]
2 years ago
13

Beyers Corporation provides security services. Selected transactions for Beyers are presented below.

Business
1 answer:
arlik [135]2 years ago
5 0

Answer:

See explanation

Explanation:

See the images to get the right answer

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True or false: It is acceptable accounting practice to initially record prepaid rent in either a balance sheet or income stateme
umka2103 [35]

Answer:

False

Explanation:

In the initial period, the prepaid expenses should be recorded in the assets hand side of the balance sheet under the current asset column

But when some adjustments are made regarding this in terms of gains or expenses incurred, the same should be presented on the income statement

Hence, the given statement is false as it is recorded in the assets only during the initial period

4 0
2 years ago
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric gui
sergij07 [2.7K]

Answer and Explanation:

1. The preparation of the department contribution report is presented below:

                                        WHOLESALE GUITARS

           Income statement showing Departmental contribution to overhead

                           For year Ended December 31,2015

Particulars      Acoustic Dept          Electric Dept             Combined

Sales              $112,500                  $105,500                    $218,000

Less : Cost of Goods sold  

                   -$55,675                    -$66,750                    -$122,425

Gross Profit    $56,825                    $38,750                $95,575

Direct Expenses

Depreciation Expenses  - Equipment   $10,150     $9,000     $19,150

Salaries Expenses       $17,300             $13,500                       $30,800

Supplies Expenses     $2,030             $1,700                         $3,730  

Total Direct Expenses   $29,480         $24,200                     $53,680

Indirect Expenses

Advertising Expenses                                                                 $14,325  ($8,075 + $6,250)

Rent Expenses                                                                           $12,055  ($6,105 + $5,950)

Utilities Expenses                                                                       $5,595  ($3,045 + $2,550)

Total indirect Expenses                                                             $31,975

Net Income              $27,345            $14,550                                $9,920

2.  As we can see that there is a loss so electric should not be eliminated

7 0
2 years ago
Which factor places this nation in the transitioning<br> category?
lys-0071 [83]

Answer: B. It is shifting from a planned to a free-market economy.

Explanation:

5 0
2 years ago
20 points easy question………….
Vikentia [17]

Answer:

option A is correct

pls mark me brainliest

7 0
1 year ago
The Florida Investment Fund buys 70 bonds of the Gator Corporation through a broker. The bonds pay 8 percent annual interest. Th
jasenka [17]

Answer:

The question  requirement is found below:

a.Compute the price of a bond. (Do not round intermediate calculations and round your answer to 2 decimal places.)

b.Compute the total value of the 70 bonds. (Do not round intermediate calculations and round your answer to 2 decimal places.)

a. price of a bond is $829.73  

b value of 70 bonds is  $58,081.10  

Explanation:

The price of the bond can be computed using the pv formula in excel as found below:

=-pv(rate,nper,pmt,fv)

rate is the yield to maturity on the bond which is 10% annually

nper is the number of  annual coupon that the bond would pay before redemption,hence a 20 year bond would pay coupon interest 20 times before it is redeemed

pmt is the annual coupon,which is 8%*$1000=$80

fv is the face value of $1,000

=-pv(10%,20,80,1000)=$ 829.73  

each bond is worth $829.73  

70 bonds=70*$829.73  = $58,081.10  

3 0
3 years ago
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