All categories

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

You might be interested in

How do organizations use podcasts?

Zepler [3.9K]

That’s the same thing I have in school

6 0

2 years ago

Charles Berkeley, Inc. just paid an annual dividend of $3.60 per share on its stock. The dividends are expected to grow at a con

8_murik_8 [283]

Answer:

D. $98.15

Explanation:

Price of stock formula;

Price today(P0) = $\frac{D0(1+g)}{r-g}$

D0= Current dividend

g = growth rate

r = required return

Price = $\frac{3.60(1.045)}{0.11 -0.045}$

= 3.762 /0.065

Price = 57.877

Price in 12 years (P12) = P0(1+g)

P12 = 57.877 * $1.045^{12}$

P12 =$98.152

Therefore, price of stock in 12 years will be $98.15

5 0

3 years ago

Identify the element of sensory memory that would be most useful in quickly scanning a map of a country to learn the geographica

alisha [4.7K]

Had to look for the missing options and here is my answer.

The element of sensory memory that is being described above is ICONIC. Iconic memory is part of the visual memory, and this is when someone is able to store visual information. This is stimulated with pictures and images and may be in a form of short term or long term memory. Hope this answer helps.

4 0

3 years ago

Read 2 more answers

Three contractors (call them a, b, and

patriot [66]

Answer: The probabilities of winning a contract are

$P(A) = \frac{28}{36}$

$P(B) = \frac{7}{36}$

$P(C) = \frac{1}{36}$

Let the Probability of C winning the contract - P(C) be 'X'

Then,

Probability of B winning the contract - P(B) will be '7X' and

Probability of A winning the contract - P(A) will be $\mathbf{P(A) = 4 * P(B) = 4*7X = 28X}$

Since the total of all the probabilities is 1,

$\mathbf{P(A) + P(B) + P(C) =1}$

$\mathbf{28X + 7X + X =1}$

$\mathbf{36X =1}$

$\mathbf{X =\frac{1}{36}}$

So,

$P(A) = \frac{28}{36}$

$P(B) = \frac{7}{36}$

$P(C) = \frac{1}{36}$

4 0

3 years ago

Explain how the basic economic problems are solved under capitalism?

Brums [2.3K]

Answer:

Under capitalistic economy, allocation of various resources takes place with the help of market mechanism. Price of various goods and services including the price of factors of production are determined with help of the forces of demand and supply. Free price mechanism helps producers to decide what to produce.

The goods which are more in demand and on which consumers can afford to spend more, are produced in larger quantity than those goods or services which have lower demand. The price of various factors of production including technology helps to decide production techniques or methods of production. Rational producer intends to use those factors or techniques which has relatively lower price in the market.

Factor earnings received by the employers of factors of production decides spending capacity of the people. This helps producers to identify the consumers for whom goods could be produced in larger or smaller quantities. Price mechanism works well only if competition exists and natural flow of demand and supply of goods is not disturbed artificially.

Explanation:

7 0

2 years ago