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3 years ago

These items are taken from the financial statements of Windsor, Inc. at December 31, 2017.

Business

1 answer:

nordsb [41]3 years ago

5 0

Answer:

To make balance sheet we first have to calculate net income/net profit for the year.

Net profit Calculation

Service revenue $ 13,524

Insurance expense ($ 718 )

Depreciation expense ($ 4,876)

Interest expense ($ 2,392)

Profit $ 5,538

Balance Sheet

Asset

Non-Current Asset

Land $56,304

Buildings $97,336

Accumulated depreciation—buildings ($41,952)

Equipment $75,808

Accumulated depreciation—equipment ($17,222)

Total non Current Asset $170,274

Current Asset

Cash $10,893

Accounts receivable $11,592

Prepaid insurance $2,944

Current Asset $25,429

Total Asset $195,703

Equity

Common stock $55,200

Retain Earning (36,801+5,538) $42,339

Total Equity $97,539

Liability

Non-Current Liability

Current Liability

Accounts payable $8,740

Notes payable $86,112

Interest payable $3,312

Total Current Liability $98,164

Total Liability + Equity $195,703

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2 years ago

There is an old saying, "never go to the grocery store hungry." this saying suggests that a consumer's __________ state may adve

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Psychical is the correct answer

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2 years ago

Matthew manages the sales team at an information technology (IT) firm. His focus is to conduct business in accordance with his f

Romashka-Z-Leto [24]

Answer: utilitarian

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Like other forms of moral theories, its core principles is that whether an action is morally right or wrong depends on the final outcome or effects of such actions.

To be more specific, the only effects of actions that are relevant here are the good and bad results that they produce that such action produces nothing else matters.

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2 years ago

The price-demand and cost functions for the production and sales x BBQ grills are given as p ( x ) = 410 − x / 6 C ( x ) = 5900

snow_tiger [21]

Answer:

(a) $R(x)=410x-\frac{x^{2}}{6}$

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Explanation:

$Price:p(x)=410-\frac{x}{6}$

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(a) Revenue, R(x) = Price × Quantity

$=410-\frac{x}{6}\times x$

$=410x-\frac{x^{2}}{6}$

(b) profit = R(x) - C(x)

$=410x-\frac{x^{2}}{6}-5900 - 130x$

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3 years ago

Find the minimum payment on an unpaid balance of $. Assume that the minimum payment on a credit card is the greater of $ or %

antoniya [11.8K]

Answer:

$27

Explanation:

Giving that the most important(all in actuality) values related to the question are not listed, I'd do well to improvise and assume. And as such, I have these

I'm assuming that the minimum payment on a credit card is the greater of $27 or 3% of the unpaid balance. And thereafter, proceeding to find the minimum payment on an unpaid balance of about $815.69.

To do this, we use simple arithmetic to first find the value of the percentage in dollars, so that

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Remember that drum the question, the minimum payment is greater than 3% of the unpaid balance or $27. Given than 24.47 is less than 27, our answer is $27

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2 years ago