Answer:
To make balance sheet we first have to calculate net income/net profit for the year.
<em><u>Net profit Calculation</u></em>
Service revenue $ 13,524
Insurance expense ($ 718
)
Depreciation expense ($ 4,876)
Interest expense ($ 2,392)
Profit $ 5,538
<em><u></u></em>
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
Answer:
The type of company that are at the forefront of campaign are proactive company.
Explanation:
A proactive company can be defined as a company, which puts great amount of emphasis on the forward thinking strategic planning ( where company sets its operational objectives, makes long term strategic decisions, assess strength and weakness etc ) rather than focusing on reactive strategies to manage the problems and taking advantage of business opportunities.
Answer:
Following are the journal entries to this question:
Explanation:
Date account title Dr. Cr.
Mar.2 Incorporation expense 
Common Stock (Par value
) 
Paid in excess of par- Common Stock 
(Bein 5000 common shares Of par value 
each issued )
June. 12 Cash 
Common Stock (Par value 
) 
Paid in excess of par- common stock 
(Being 63400 common shares of par value 
each issued for 
cash)
July-11 cash 
Preferred Stock (Par value 
) 
Paid in excess of par- Preferred stock 
(Being 2175 Prefered shares of par value 
each issued for 
each)
Nov. 28 Treasury Stock 
cash
(Purchased 2,350 shares of treasury stock for
).
At the profit-maximizing output, this firm's total profit will be $280.
<h3>Who is a monopolist?</h3>
A monopolist is a single firm that operates in an industry. There is only one firm in the industry because there are usually high barriers to entry of firms. The demand curve is downward sloping. A monopoly sets the price for its goods and services.
Profit is maximised when marginal revenue is equal to marginal cost. Looking at the given table, marginal revenue is equal to marginal cost when output is 4 and price is $70
Total profit = 70 x 4 = $280
To learn more about monopolies, please check: brainly.com/question/10441375
Answer:
460$ profit
Explanation:
Marginal revenue is equal to marginal cost which shows that the restaurant is working in a competitive environment.
The restaurant is serving 230 meals, per meal cost is 10$.
The total cost of serving 230 meals is = 230*10 = 2300$
The restaurant is earning 2$ profit per meal, the total profit is = 230* 2= 460$
