Answer:
$2,000
Explanation:
Use the format
Jansen Company’s
Bank reconciliation as of May 31, 2013.
Balance as per Bank Statement
Add Outstanding Checks
Less Unpresented Checks
Balance as per Cash Book
Answer:
a. Informally
Explanation:
Most routine writing tasks, such as composing e-mail messages or informational reports, require information that you can collect informally. Informal information can be collected with the help of your observation, experience and exposure with different situations and circumstances. This information can be collected from informal platforms which can be different blogs, letters, social media posts, social media videos, Vlogs and podcasts etc.
Answer:
Chance Company
Income Statement
For the Year Ended December 31, 2016
After tax income from continuing operations $350,000
Discontinued operations:
Operating income ($130,000
)
Loss on disposal ($400,000)
Income tax on discontinued operations <u>$212,000</u>
Income from discontinued operations <u>($318,000
)</u>
Net income $32,000
Earnings per share (100,000 outstanding shares) $0.32
An operations strategy is a long-range plan for the design and use of resources in support of the business strategy.
A company is defined as an organization or company engaged in commercial, industrial, or professional activities. A business can be either a commercial enterprise or a non-profit organization. Legal forms range from limited liability companies to sole proprietors, corporations, and partnerships.
Business is the activity of making a living or making money by manufacturing or buying and selling products (such as goods or services). It is also a “commercial activity or enterprise”. Enterprises he improves the quality of life in two ways. First, we provide quality goods and services to people who need them for their enjoyment, comfort and health. Second, businesses provide people with employment opportunities through which they generate income and improve their quality of life.
Learn more about business here
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Answer:
Using the straight-line method, depreciation expense for the second year would be: $29,600
Explanation:
Depreciation Straight Line Method= Cost - Salvage Value/ Useful Life
Wickland Company
Cost of machine $154,000
Residual value of $6,000
Useful Life = 5 years
Formula
Depreciation Straight Line Method= Cost - Salvage Value/ Useful Life
Working:
Depreciation Straight Line Method= $154,000 -$6,000/5
Depreciation Straight Line Method= 148,000 /5
Depreciation Straight Line Method=$ 29,600
Using the straight-line method, depreciation expense for the second year would be: $29,600
The straight line depreciation method assigns equal depreciation to the machinery. So the depreciation for the five years would be the same amounting to $ 29,600 every year.
