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4 years ago

Oriole Company has collected the following information related to its December 31, 2017, balance sheet.

Business

1 answer:

77julia77 [94]4 years ago

6 0

Answer:

<h2>Oriole Company</h2>

Assets side of the Balance Sheet:

Assets:

Current Assets:

Cash $11,000

Accounts Receivable 16,000

Supplies 5,000

Inventory 64,500 $96,500

Non-current assets:

Equipment $173,500

less acc. depreciation 47,700 $125,800

Total Assets $222,300

Explanation:

The assets side of the balance sheet is usually prepared in the order of liquidity, starting with the most liquid assets, Cash in the Current Assets subsection, or working capital for running the operations of the business. It ends with the most illiquid assets called non-current assets, which form the core resources of the entity in generating revenue. The accumulated depreciation is subtracted from the non-current assets to obtain the net non-current or fixed assets value.

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Company acquired a new truck at at cost of $52,000 on January 1, 2019. The truck is expected to be used for 4 years and have a s

AfilCa [17]

Answer and Explanation:

The computation is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($52,000 - $8,000) ÷ (4 years)

= ($44000) ÷ (4 years)

= $11,000

In this method, the depreciation is same for all the remaining useful life

a. The depreciation expense for 2019 is $11,000

b. The depreciation expense for 2020 is $11,000

c. The accumulated depreciation for year 2019 is $11,000

d. The accumulated depreciation for year 2020 is $22,000 ($11,000 + $11,000)

e. The book value is

= Original cost - accumulated depreciation

= $52,000 - $22,000

= $30,000

3 0

3 years ago

The separate components highlight several features of return on investment not revealed by a single calculation:a.The importance

Snezhnost [94]

Answer:

The options (a) (b) and (c) is correct.

Explanation:

From the question stated the features that highlights the return of investment is listed as follows.

The significance of investment turnover as a key to income is stressed

The importance import of revenues is explicitly recognized

The significant components are expressed as ratios or percentages instead of dollar figures.

Hence, the last option is not correct.

4 0

3 years ago

Could somebody help me?

lara31 [8.8K]

Answer: Data

Look at what is shows the cycle graph and that

7 0

4 years ago

Please indicate whether each item is Mostly False or Mostly True.

inn [45]

Answer:

1. I can identify the things that I do really well. True, I take feedback and suggestions from experts which lets me know I am doing my job in accordance.

2. I can match my strong points to opportunities in the job market. True, I am a hard-working person and a dedicated person when it comes to Jobs.

3. I get along well with others, even those considered difficult. True, I help the people around me fix their problems even if I have my own.

4. I understand what to do to make myself more competitive. True, I create an opponent inside my mind and emotions to feel challenged and beat my record.

5. I have limited financial resources. False, due to my hard work and experience in business I have many financial resources.

6. I realize that others have more skills in advanced technology than I do.

7. I know exactly what I want to achieve. True, I have set my goals and I can imagine how far I can get.

8. I perform better without specific deadlines. True, in order for me to have a great performance I must take my time to give it all I got.

9. I know what tasks I have to accomplish to reach my goal. True, due to all my experience, I have learned what is needed to comeplete my goal.

10. I know what measures indicate that I have achieved my goal. True.

Explanation:

I own three stores and I am willing to help anyone in the business industry.

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2 years ago

What is a difference between merchandising companies and service enterprises? a. Merchandising companies must prepare multiple-s

faust18 [17]

Answer:

b. Merchandising companies generally have a longer operating cycle than service enterprises.

Explanation:

Merchandising store has a long run because they keep selling goods to customers and restocking them, they deal with tangible goods while services enterprise deals with consulting services and auditing services, they do not sell goods to customers.

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3 years ago