Answer:
Retained Earnings: $ 100.000
Explanation:
Assets
Cash $190.000
Accounts Receivable $250.000
Net Furniture & Fixtures $200.000
Goodwill $180.000
Inventory 175.000
Land 305.000
TOTAL 1.300.000
Liabilities
Accounts Payable 260.000
Long Term Loan 340.000
Short Term Loan 200.000
Equity
Capital Surplus 100.000
Common Stock 300.000
Retained Earnings 100.000
TOTAL 1.300.000
INCOME STATEMENT
Sales 980.000
Costs -640.000
Depreciation Expense -40.000
Interest Expense -50.000
Earnings Before Taxes 250.000
Tax RATE -52.500
Net Income 197.500
Dividends : $ 97.500
Retained Earnings : $ 100.000
Answer:
Although all of these are good ways to demonstrate skills the best would be to finish projects as it shows you are dedicated and you can put those skills into action with different tasks.
Explanation:
<span>Because this couple is stated to have three small children I am assuming that Alan and Laura are under 50 years old. The annual maximum contribution for 2017 allowed is 5,500 for people under 50. They are allowed up to 1,000 as a catch up contribution as well if they are in fact over fifty.</span>
Answer and Explanation:
The correcting journal entries are shown below:
a. Cash Dr $774
To account payable $774
(Being purchase of supplies on account is recorded)
b. Wages expense Dr $475
To rent expense $475
(Being wages expense is recorded)
c. Account payable $396
To Supplies $196
To cash $200
(being cash paid is recorded)
These 3 correcting entries should be recorded
Answer:
a. start with output and then determine the resources necessary to create that output.
Explanation:
Activity-based budgets start with output and then determine the resources necessary to create that output.