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s2008m [1.1K]
3 years ago
5

Account Title Debit Credit Cash $ 6,400 Accounts receivable 24,500 Office supplies 7,700 Trucks 186,000 Accumulated depreciation

—Trucks $ 38,316 Land 47,000 Accounts payable 10,400 Interest payable 13,000 Long-term notes payable 46,000 Common stock 25,298 Retained earnings 138,000 Dividends 13,000 Trucking fees earned 121,000 Depreciation expense—Trucks 24,714 Salaries expense 65,660 Office supplies expense 5,000 Repairs expense—Trucks 12,040 Totals $ 392,014 $ 392,014 Use the above adjusted trial balance to prepare Wilson Trucking Company’s classified balance sheet as of December 31.
Business
1 answer:
olga nikolaevna [1]3 years ago
4 0

Answer:

TOTAL CURRENT ASSETS  $38,600

TOTAL ASSETS  $233,284

TOTAL CURRENT LIABILITIES  $23,400

TOTAL LIABILITIES  $69,400

TOTAL EQUITY  $163.884

TOTAL EQUITY & LIABILITIES  $233.284

Explanation:

It's necessary to start by preparing the balance sheets with the information available, as result we have a difference in the accounting equation of $0,586 because it's necessary to prepare the income statement to define how much of the income it's keep as retained earnings.

Balance Sheets.

Assets Dec 31

Cash $6,400

Accounts Receivable $24,500

Supplies $7,700

TOTAL CURRENT ASSETS  $38,600

Property and Equipment $186,000

Accumulated Depreciaiton -$38,316

Land $47,000

TOTAL ASSETS  $233,284

Accounts Payable  $10,400

Interest Payable  $13,000

TOTAL CURRENT LIABILITIES  $23,400

Long Term Notes Payables  $46,000

TOTAL LIABILITIES  $69,400

Common Stock  $25,298

<u>Retained Earnings  ($138,000 + 0,586)=138,586</u>

TOTAL EQUITY  $163,884

TOTAL EQUITY & LIABILITIES  $233,284

Income Statement  

Sales $121,000  

Depreciation -$24,714  

MARGEN BRUTO  $96,286  

Salaries expense -$65,660  

Office supplies expense -$5,000  

Other Income  -$12,040  

Income Statement  $13,586  

Dividends  $13,000  

Retained Earnings = $0,586

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Answer and Explanation:

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Now to do that, it's necessary to send the customer a message that they're purchasing value for a price.

2. Penetrative pricing :

When the target price is set on the basis of the competitive pricing model , it is important to obtain the product favourably from the consumer and to do so you can start selling a little lower than the target price and sell the goods as a discount or promotional deal.

If the initial sales are strong and buyers like the product then return the product to target pricing and do intensive marketing to sell the message that the product 's cost is a bargain for the value provided by the company.

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3 years ago
Wooten &amp; McMahon Enterprises produces a product with the following per-unit costs: Direct materials $13.00 Direct labor 8.80
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Answer:

b.$5,912.50

Explanation:

The computation of the operating income is shown below:

= Sales - Direct materials cost - Direct labor cost - Manufacturing overhead cost - Total selling and administrative expense

where,

Sales = Number of units × selling price per unit

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Direct materials cost = Number of units × Direct materials per unit

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Direct labor cost = Number of units × Direct labor per unit

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Now put these values to the above formula

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