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
vfiekz [6]
3 years ago
9

Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company’s recor

ds show the following selected accounts and amounts for the month of August.
Cash $25,330 Dividends $5,960
Accounts receivable 22,330 Consulting fees earned 26,970
Office supplies 5,210 Rent expense 9,510
Land 43,980 Salaries expense 5,580
Office equipment 19,970 Telephone expense 840
Accounts payable 10,730 Miscellaneous expenses 490
Common stock 101,500

Required:
Use the above information to prepare an August 31 balance sheet
Business
1 answer:
mixas84 [53]3 years ago
5 0

Answer:

Help Today

Balance Sheet

For the month ended August 31, 202x

Assets:

Cash $25,330

Accounts receivable $22,330

Office supplies $5,210

Land $43,980

Office equipment $19,970

Total assets: $116,820

Liabilities and stockholders' equity:

Accounts payable $10,730

Common stock $101,500

Retained earnings $4,590

Total liabilities and stockholders' equity: $116,820

Explanation:

Income statement:

Consulting fees earned $26,970

Rent expense $9,510

Salaries expense $5,580

Telephone expense $840

Miscellaneous expenses $490

Net income $10,550

Retained earnings = net income - dividends = $10,550 - $5,960 = $4,590

You might be interested in
What is the amount that osha can impose as a penalty on an employer for committing a willful violation
hram777 [196]

The answer for this question is: $126,749 per violation

The ground for this huge amount is by wilful violate the rules, the employer basically putting his/her employee's life in danger on purpose, so the punishment for this should be a lot higher.

This amount is exactly ten times the amount of penalty imposed to the employer who commits willful violation ($ 12,675)

7 0
4 years ago
Magnus has reached the finals of a strength competition. In the first round, he has to pull a city bus as far as he can. One end
Soloha48 [4]

Answer: -3,300Nm or -3,300 Joules

Explanation:

Work = F X d

Where:

F = force = 1,500 N

d = distance = 2.20m

We will be taking into consideration that the work that the tension force on the rope does to Magnus is negative because the force goes against Magnus.

This is in accordance with Newton' third law, which states that for every action, there is an equal and opposite reaction.

Therefore, we have:

W = F X d

W = 1,500 X 2.20

W = 3,300Nm

Since we are not calculating the work done by Magnus, but rather the opposite work done by the rope, our answer will be negative.

We therefore have:

-3,300Nm or -3,300 Joules.

3 0
3 years ago
1 Which is an example of a short-term investment?
Furkat [3]

Explanation:

Short-term investments, also known as marketable securities or temporary investments, are those which can easily be converted to cash, typically within 5 years. ... Some common examples of short term investments include CDs, money market accounts, high-yield savings accounts, government bonds and Treasury bills.

.........................................PLS MARK AS BRAINLIEST..............................

8 0
4 years ago
Read 2 more answers
Problems and applications q6 darnell loves playing rock 'n' roll music at high volume. jacques loves opera and hates rock 'n' ro
mafiozo [28]

Answer:

false

Explanation:

The Coase theorem states that parties in dispute should seek an optimal solution to their problem regardless of how property rights were initially distributed.

In this case, you need to find an agreement that satisfies both Darnell and Jacques regardless of who initially would have been considered to be right about the argument. Conflicts over rights to use property can be solved when parties settle on the efficient use of inputs. E.g. they could establish hours at which Darnell can listen to rock n' roll, and other hours when he shouldn't. That way both of them can enjoy the music they like and not bother the neighbors.

An optimal solution can always be reached regardless of initial distribution of rights.

7 0
4 years ago
Taco bell's unique employee scheduling practices are partly the result of using:
Aleonysh [2.5K]
Stupid people...................................very stupid people
6 0
4 years ago
Other questions:
  • Dr. Leo is involved in an applied research study of customer satisfaction with a newly developed line of facial cosmetics and ot
    10·1 answer
  • A road map indicating the direction of systems​ development, the​ rationale, the current​ systems, new developments to​ consider
    7·1 answer
  • Lesa drives her car approximately 18,000 miles per year. During the most recent year, she drove 7,000 miles commuting to and fro
    5·1 answer
  • Of the following, which does NOT represent an example of a traditional workplace document?
    12·1 answer
  • John invested $12,000 in the stock of Hyper Cyber Eight years later, Hyper Cyber's shares reached $125,000, but John held onto t
    7·1 answer
  • When an accountant makes an adjusting entry for accrued expenses, which statement best reflects what the accounts look like befo
    15·1 answer
  • In the United States, there were _______ lodging establishments in 2010.
    14·2 answers
  • Turnbull Co. has a target capital structure of 58% debt, 6% preferred stock, and 36% common equity. It has a before-tax cost of
    11·1 answer
  • Every time a company hires a new employee and trains them to take on the new role, what kind of risk are they
    10·1 answer
  • which management employability skill involves being able to move beyond established ideas and rules to set up new models and pro
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!