<img src="https://tex.z-dn.net/?f=6.000%20%5Ctimes%20%207%20%5Cfrac%7B1%7D%7B2%7D%20" id="TexFormula1" title="6.000 \times 7 \f

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ehidna [41]

3 years ago

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Business

1 answer:

Sever21 [200]3 years ago

7 0

Answer:

all work is shown and pictured

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Wolfpack Construction has the following account balances at the end of the year.

Artist 52 [7]

Answer:

Find the balance sheet below:

beginning retained earnings=$47,800-$39,800=$8,000

Explanation:

Net income for the year =service revenue-salaries expense=$38,000-$32,000=$6,000

retained earnings=net income=$6,000

Wolfpack Construction Balance Sheet as at year end

Non-current assets

equipment $25,000

land $17,000

Total non-current assets $42,000

Current assets:

cash $5,800

total current assets $5,800

Total assets $47,800

Common stock $12,000

retained earnings $6,000

total stockholders' equity $18,000

current liabilities:

accounts payable $2,800

notes payable $19,000

Total liabilities $21,800

Total liabilities and equity $39,800

The difference between the total assets and total equity plus liabilities may be due to beginning retained earnings figure which was not provided

5 0

4 years ago

Edwards Electronics recently reported $11,250 of sales, $5,500 of operating costs other than depreciation, and $1,250 of depreci

Nat2105 [25]

Answer:

Net cash flow is $4,032.81.

Explanation:

To determine the net cash flow, the income after tax will have to be computed first as follows:

Edwards Electronics

Income Statement

Particulars $

Sales 11,250

Operating costs (5,500)

Depreciation (1,250)

Interest on bond (218.75)

Income before taxes 4,281.25

Taxes (4,281.25 * 35%) (1,498.44)

Income after taxes  2,782.81 

The net cash flow can now be determined by preparing the cash flow statement where depreciation which which is not a non-cash expenses is adjusted for as follows:

Edwards Electronics

Cash Flow Statement

Particulars $

Income after taxes 2,782.81

Adjustment for non-cash item:

Depreciation 1,250.00

Net cash flow  4,032.81 

6 0

4 years ago

1. The following are questions that will help you begin to think about your capacity for trusting others EXCEPT: O A. Do you tru

Leni [432]

Answer:

Q A. A few people.

Q B. Yes

Q C. Both.

Q D. Yes.

Explanation:

this really depends on your thinking. you can't write other people’s opinions as your answer. you yourself knows how to answer these questions truthfully. this is my opinion based on the question. thank you.

3 0

3 years ago

On January 1, Year 1, Stratton Company borrowed $300,000 on a 10-year, 6% installment note payable. The terms of the note requir

ZanzabumX [31]

Answer:

debit interest expense of $16,634 , debit note payable $24,126 : Credit cash $40,760

Explanation:

Please attachment.

6 0

3 years ago

Barron's has collected data on the top 1,000 financial advisers. Company A and Company B have many of their advisers on this lis

scoray [572]

Answer:

We'll start by putting into consideration, the large sample variance at the numerator.

Barron's Variance will be represented using 1 as the subscript.

i.e.

1 = $583 million

2 = $489 million

So,

0: 1²= 2²

: 1² ≠ 2²

=1² / 2²=

= $583 million² / $489 million²

= 583²/489²

= 1.42

Degrees of freedom 15 and 9

Using F table, area in tail is greater than 0.10.

Two-tail p-value is greater than .20

Exact p-value corresponding to F= 1.42 is .5874 (See F table)

p-value > .10

So,we do not reject 0.

We cannot conclude there is a statistically significant difference between the variances for the two companies.

4 0

4 years ago