Answer:
2. Relationship
3. Show table
4.
5. Close
6.
7.
8. Create
Explanation: Just did it on edge
Answer:
$97,645
Explanation:
Preparation of Mark Brock Services Co corrected balance sheet :
Mark Brock Services Co. Balance Sheet December 31
Assets
Current assets:
Cash$ 7,170
Accounts receivable10,000
Supplies2,590
Prepaid insurance800
Total current assets $20,560
Property, plant, and equipment:
Land$24,000
Building$43,700
Less accumulated depreciation( 12,525)
Equipment$29,250
Less accumumulated depreciation (7,340)
Total property, plant,and equipment 77,085
Total assets (77,085+20,560) $97,645
Liabilities
Current liabilities:
Accounts payable$ 7,500
Wages payable1,500
Total liabilities$ 9,000
Owner's Equity
Capital 88,645
Total liabilities and owner's equity (88,645+9,000) $97,645
Question Completion:
Figures in thousands (000):
Product Segment Capacity Next Round
Dug Core 1200
Dune Core 1450
Beetle Core 1040
Bat Core 1050
New Core 100
Adam Core 1200
Answer:
Chester Company
Competitive Intelligence Report:
Based on the increased 10% capacity, the industry can produce 6,644 units.
Explanation:
a) Data and Calculations:
Product Segment Capacity Next Round Increased Capacity (1.1)
Dug Core 1,200 1,320
Dune Core 1,450 1,595
Beetle Core 1,040 1,144
Bat Core 1,050 1,155
New Core 100 110
Adam Core 1,200 1,320
Total 6,040 6,644
b) Each of the core segment products can be increased by the increased capacity factor of 1.10 (1 + i), where "i" is the rate of capacity increase. Alternatively, the total capacity in the current period can be increased by the increased capacity factor. Either way, produces the same result of an increased capacity of 6,644 units that the industry can produce. The result also shows that the options provided in the question are not correct. They must have been based on other assumptions.
Answer:
Explanation:
The journal entries are shown below:
1. Purchase A/c Dr $5,400
To Accounts Payable $5,400
(Being merchandise is purchased on credit)
2. Freight-In A/c Dr $500
To Cash A/c $500
(Being freight charges are paid in cash)
3. Accounts Payable A/c Dr $800
To Purchase Returns A/c $800
(Being return merchandise is recorded)
4. Cash A/c Dr $5600
To Sales revenue A/c $5600
(Being merchandise is sold for cash)
5. No journal entry required
Answer:
April 5
Debit : Merchandise $36,000
Credit : Accounts Payable - Tamarisk Company $36,000
April 6
Debit : Accounts Payable - Tamarisk Company $920
Credit : Cash $920
April 7
Debit : Equipment $30,500
Credit : Accounts Payable $30,500
April 8
Debit : Accounts Payable - Tamarisk Company $4,200
Credit : Merchandise $4,200
April 15
Debit : Accounts Payable - Tamarisk Company $30,880
Credit : Discount received $926.40
Credit : Cash $29,954
Explanation:
Working for Journal on April 15
Balance = $36,000 - $920 - $4,200
= $30,880
Discount = $30,880 x 3%
= $926.40
Amount Paid = $30,880 - $926.40
= $29,954
