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2 years ago

What report lists each vendor, the balance due to each vendor, and the total amount due to each vendors?

Business

1 answer:

Lena [83]2 years ago

6 0

Answer: D. schedule of accounts payable

Explanation: The schedule of accounts payable is a list of all vendors which includes their names, amount payable and due date.

It is also a schedule detailed from the account payable ledger.

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Daniels Transport has operating income of $68,200, interest expense of $210, dividends paid of $320, depreciation of $12,400, ot

Kisachek [45]

Answer:

Option (a) is correct.

Explanation:

Given that,

Operating income = $68,200

Interest expense = $210

Dividends paid = $320

Depreciation = $12,400

Other income = $2,100

common stock = $48,500 with a par value of $1 per share

Retained earnings = $29,700

Income before taxes:

= Operating income - Interest expense + Other income

= $68,200 - $210 + $2,100

= $70,090

Net income:

= Income before taxes - Taxes at 21%

= $70,090 - ($70,090 × 21%)

= $70,090 - $14,719

= $55,371

Shares of common stock outstanding:

= Common stock ÷ Par value per share

= $48,500 ÷ $1

= 48,500 shares

Earnings per share:

= (Net income - Preferred dividend) ÷ Shares of common stock outstanding = ($55,371 - 0) ÷ 48,500

= $1.14 per share

Therefore, the earnings per share if the tax rate is 21 percent is $1.14.

3 0

3 years ago

In a job order cost accounting system, the journal entry to record the flow of direct materials into production consists of a

Usimov [2.4K]

Answer:

Debit : Work In Process Account and Credit : Raw Materials Account

Explanation:

The Work In Process Account must be increased with the cost of raw materials being transferred to production from the Raw Materials Account.Whilst the Raw Materials Account must be decreased.

8 0

3 years ago

Assume all markets are in long-run equilibrium. Market price in a duopoly would be ________ the market price in a monopoly, and

Vladimir [108]

Answer:

Assume all markets are in long-run equilibrium. Market price in a duopoly would be greater than or equal to the market price in a monopoly, and less than or equal to the market price in a competitive market.

Explanation:

That is the logical answer to the question about markets that are in long-run equilibrium.

4 0

3 years ago

Allison is concerned that she is not getting full disclosure of information from a mortgage broker who is hoping to refinance th

blsea [12.9K]

Consumer Financial Protection Bureau (CFPB)

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3 years ago

For February, sales revenue is $900,000; sales commissions are 5% of sales; the sales manager's salary is $96,000; advertising e

FinnZ [79.3K]

Answer:

Option A

Total selling expenses for the month of February=$245,600

Explanation:

The selling expenses include all the expenditure incurred in respect of activities revolving around the marketing and distribution of goods to the final consumer.

These expenditures may be fixed or variable in nature

DATA

Sales revenue - $900,000;

Sales commission - 5%× 900,000 = 45000

Sales manager salaries - 96,000

Advertising expenses - 80,000

Shipping expenses - 2% × 900,000 = 18000

Miscellaneous selling expenses = 2100 + (1/2× 1%× 900,000) =6600

Total selling expenses for the month of February

= 45000 + 96,000 + 80,000+ 18000 + 6600 = $245,600

Total selling expenses for the month of February=$245,600

6 0

2 years ago