1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Furkat [3]
3 years ago
8

This information relates to Sunland Company for the year 2017. Retained earnings, January 1, 2017 $83,080 Advertising expense 2,

232 Dividends 7,440 Rent expense 12,896 Service revenue 71,920 Utilities expense 2,976 Salaries and wages expense 37,200 After analyzing the data, prepare an income statement for the year ending December 31, 2017.
Business
1 answer:
babymother [125]3 years ago
8 0

Answer:

Net Income : $16.616

Retained Earnings: $92.256

Please see details below:

Explanation:

Income Statement 2017

Sales  $71.920  

Advertising Expenses -$2.232  

Miscellaneous Expenses -$50.096  

Utilities Expenses -$2.976  

Net Income $16.616  

Retained Earnings Report  

Opening retained earnings $ 83.080

Add: Net Income $ 16.616

Subtotal $ 99.696

Less: Dividens -$ 7.440

Total $ 92.256

You might be interested in
The Yum and Yee food truck near the business school serves customers during lunch hour by taking orders and making fresh batches
vlada-n [284]

Answer:

0.89 orders per minute

Explanation:

As per the data given in the question,

Batch size = 4 orders

Here, process 1 = cooking

process 2 = Bagging and payment accepting

Time taken to complete process 1 by cooking a batch of 4 orders

= 3 × 1 + 0.5 × 3

= 4.5 minutes

Time taken to complete process 2 by Bagging and payment accepting of 4 orders

= 0.80 × 4

= 3.2 minutes

Time in process 1 is greater than time taken in process 2

Since, process 1 is bottleneck operation So, it will decide the capacity of project. therefore,

Overall capacity = 4.5 minutes for 4 orders

Therefore number of orders = 4 ÷ 4.5

= 0.89 orders per minute

Hence, Process capacity = 0.89 orders per minute

8 0
3 years ago
If, as a person consumes more and more of a good, each additional unit adds less satisfaction than the previous unit consumed, w
zalisa [80]

Answer:

The correct answer is option D.

Explanation:

The law of demand states that keeping other things constant there is an inverse relationship between quantity demanded and price.

According to the law of increasing marginal opportunity cost with each additional output the marginal opportunity cost to produce next unit of output increases.

While the law of supply states that keeping other things constant there is a direct relationship between price and quantity supplied.

According to the law of diminishing marginal utility, the marginal utility derived from the consumption of each additional unit of good keeps declining as more and more unit of goods is consumed.

So, option D is the correct answer.

8 0
3 years ago
Three major transportation segments and a major company within each segment are as follows:
Irina18 [472]

Answer:

Segment Company Motor

a) The asset turnover ratios for all three companies. Round to two decimal places are:

YRC Worldwide ___4.76_____

Union Pacific ___0.46____

C.H. Robinson Worldwide __12.34____

b) Based on the Asset Turnover Ratio computed above, Transportation Arrangement is the most efficient.  It outperformed YRC Worldwide and Union Pacific Corporation in deploying assets to generate revenue.  The performance of Union Pacific Corporation in comparison is very abysmal.

Explanation:

a) Data and Calculations:

                              YRC Worldwide   Railroads Union         Transportation    

                                 Inc. (YRCW)    Pacific Corporation    Arrangement C.H.

                                                                  (UNP)

Sales                              $4,832                $21,813                      $13,470

Average long-term

operating assets             1,016                47,569                           1,092

Asset turnover = Sales/Average operating assets

=                                        4.76                  0.46                            12.34

5 0
3 years ago
Respectively, Accounts​ Receivable, Salary Expense and Salary Payable​ are: A. all permanent accounts. B. ​permanent, temporary,
viktelen [127]

Answer:

B. ​permanent, temporary, and permanent accounts

Explanation:

Having in mind the closing of accounts at the end of the accounting year, the <em>difference between permanent and temporary accounts</em> is the following:

- Permanent accounts are the ones that are not closed at the end of the account year; instead, their balance is moved to the following year, as the starting balance. <em>Asset </em>accounts which are permanent are: <u>Accounts receivable</u>, Investment, Equipment, Cash, while the permanent <em>Liability </em>accounts are  Accounts payable, <u>Salary Payable</u>, Utilities Payable...

- Temporary accounts always start with zero balance when the accounting year begins. The balance at the end of the year is handled by moving it to another account. All sorts of revenues and <u>expenses </u>belong to this account category.

6 0
3 years ago
Brainly charged my paypal twice, how do I get a refund?
elena-s [515]

Answer:

Go 'setting' press the 'contact us' button

7 0
3 years ago
Other questions:
  • Limited focus of change is a major force for resistance to change that originates from an organizational source. It indicates th
    10·1 answer
  • Theodore Enterprises had the following pretax income (loss) over its first three years of operations: 2016 $ 500,000 2017 (900,0
    12·2 answers
  • hotel in Florida has instituted a policy to hire individuals living in close proximity to the hotel premises to reduce instances
    10·1 answer
  • "Mr. Tudor," said Judy, "Tom Pritchett suggested I contact you about our new computerized Civil War reenactment game." In this e
    5·1 answer
  • "Girls Just Wanna Have Funds" is a Washington, DC, support group that consists mostly of young women who offer tips on budgeting
    11·1 answer
  • LO 6.3A company calculated the predetermined overhead based on an estimated overhead of $70,000, and the activity for the cost d
    11·1 answer
  • Which is the largest of the four information technology pathways?
    12·2 answers
  • t's Manuel again. But now that we are getting to know him, we just call him Manny. So....Manny gets called in to work seven days
    6·1 answer
  • The Fed promotes secrecy by not releasing the minutes of the FOMC meetings to Congress or the public immediately. Discuss the ef
    5·1 answer
  • Luke is a student. Arrange the career planning steps that he should follow In sequence.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!