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Elis [28]
3 years ago
15

Darell Hair​ Stylists's adjusted trial balance and statement of​ owner's equity follow.

Business
1 answer:
il63 [147K]3 years ago
4 0

Answer:

Total Assets = Total Liabilities and Stockholder's Equity = $20,200

Explanation:

An unclassified balance sheet is a type of balance sheet that does not present assets and liabilities under different categories. It only presents all assets in order of liquidity and liabilities in order of the shortness of their terms.

This can be prepared for this question as follows:

Darell Hair​ Stylists

Unclassifed Balance Sheet

At December 31​, 2018

<u>Particulars                                                       Amount ($)         </u>

Cash                                                                     1,000

Accounts Receivable                                            900

Office Supplies                                                      600

Equipment                                                         19,700

Accumulated Dep. - Equipment                     <u>  (2,000)  </u>

Total Assets                                                     <u>  20,200  </u>

Accounts Payable                                                 900

Interest Payable                                                    550

Notes Payable                                                    3,400

Common Stock                                                 10,650

Retained Earnings, Dec. 31, 2018                  <u>   4,700  </u>

Total Liabilities and Stockholder's Equity   <u>  20,200 </u>

Since Total Assets and Total Liabilities and Stockholder's Equity as it is normally required, that indicates that the unclasified balance sheet has been prepared accurately.

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ArbitrLikvidat [17]

Answer:

Instructios are listed below

Explanation:

Giving the following information:

Assume Pinkie started the year with 100 containers of ink​ (average cost of $ 9.10 ​each, FIFO cost of $ 8.60 ​each, LIFO cost of $ 8.00 ​each).

During the​ year, the company purchased 800 containers of ink at $10.00 and sold 600 units for $21.75 each. Pinkie paid operating expenses throughout the​ year, a total of $ 5,000.

FIFO:

Sales= 600*21.75= 13,050

COGS= (100*8.60 + 500*10)= 5860

Gross profit= 7190

Operating expense= 5000

Net operating profit= $2,190

LIFO:

Sales= 13,050

COGS= (600*10)= 6000

Gross profit= 7,050

Operating expense= 5000

Net operating profit= $2,050

Average-cost

Sales= 13,050

COGS= [(9.10+10)/2]*600= 5730

Gross profit= 7,320

Operating expense= 5000

Net operating profit= $2,320

6 0
2 years ago
Sophia's family is growing, and she needs to buy a bigger car by financing it for five years. Why is it important for her to che
GalinKa [24]

Answer:

To verify the accuracy of his rental history

Explanation:

Based on the scenario in the question, it is it important for Christian to check the information recorded on his credit report so as to verify the accuracy of his rental history.

He has to verify his rental history so as to know if there's a mistake or if the details written are not correct. To apply for the mortgage, he needs to ensure that the details are correct.

Explanation:

4 0
2 years ago
Explain the difference between socialism and a pure command economy
AleksandrR [38]
Command economies have public enterprises where the government controls everything including business and production. In socialism, the means of production, distribution, and exchange are owned or regulated by the community as a whole. 
4 0
2 years ago
Regarding competitive strategies, companies seek efficient manufacturing and productive employees to achieve ___________.
hoa [83]

Answer:

D. differentiation.

Explanation:

Option A - Low-cost leadership refers to the strategy in which the customers are getting the products at a low cost. Companies seek to achieve cost leadership, but with efficient manufacturing and productive employees cannot help them to achieve that.

Options B and C - With local employees, it is challenging to achieve global operation, and focused differentiation is the selling of unique products to the customers. So, those are wrong answers.

Option D - With the help of differentiation strategy, companies seek effective manufacturing and productive employees to attract customers to take their products from the thousands of products in the market. Therefore, it is the correct answer.

8 0
3 years ago
1. Assume that the money demand function is (M / P)d = 2,200 – 200r, where r is the interest rate in percent. The money supply M
Wittaler [7]

Answer:

r= 3

Explanation:

Due that the level price does not changed, the first thing that you have to do to find the equilibrium is put the two equations with an equal

Money demand =Supply of money

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Now you have to find the value of r and you have to clear the formula and first you have to:

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Now that you have the number together you have to apply the operation

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As the 200 is multiplying the r you have to pass the 200 to divided the 600

r= (600/200)

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The interest rate is 3%

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