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
Luba_88 [7]
3 years ago
6

Crane Company had the following account balances:

Business
1 answer:
aivan3 [116]3 years ago
4 0

Answer:

The correct answer is $479,500.

Explanation:

According to the scenario, the computation of the given data are as follows:

We can calculate the total revenue by using following formula:

Total revenue = Net sale + Dividend revenue  + Rent revenue

Where, Net sales = Sales revenue - Sales return

= $445,000 - $34,000 = $411,000

By putting the value in the formula, we get

Total revenue = $411,000 + $10,500 + $58,000

= $479,500

You might be interested in
Heidi, a vsc-certified volunteer, is working at the intake station. as part of her duties, she is required to explain to the tax
umka21 [38]
<span>Heidi should inform them that form 13614-C has to be completed before the return can be prepared, the client will then be interviewed by whomever is preparing the return and additional questions would likely be asked, and the client would need to have a quality review done on their taxes by someone other than the person preparing the return.</span>
5 0
3 years ago
On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $85,050 in assets in exchange for i
hoa [83]

Answer:

$3,260

Explanation:

Preparation of December statement of cash flows for Ernst Consulting

ERNST CONSULTING Income Statement

For Month Ended October 31

REVENUES

Consulting fees earned $17,450

Total revenues $17,450

EXPENSES

Rent expense $4,530

Salaries expense $8,090

Telephone expense $880

Miscellaneous expenses $690

Total expenses $14,190

Net income $3,260

($17,450-$14,190)

Therefore December statement of cash flows for Ernst Consulting will be $3,260

5 0
2 years ago
In order to make sure it is possible to clean the floors under shelving units in food establishments, the shelves must be at lea
soldier1979 [14.2K]
The shelves must be at least SIX [6] INCHES above the floor. This is necessary in order to facilitates proper cleaning of the floors, the unobstructed space below the shelf will make it easier to clean the underneath of the shelves. This will prevent cockroaches and other kitchen pests from habouring the space.
3 0
3 years ago
Beranek Corp has $720,000 of assets, and it uses no debt--it is financed only with common equity. The new CFO wants to employ en
Andrej [43]

Answer:

Beranek Corp. should borrow $288,000 to achieve the target debt ratio.

Explanation:

40% of debt-to-asset ratio means that 40% of the assets should be Financed with debt and the remaining with equity. We have $720,000 worth of assets, simply multiply it with 40% and you will get the amount the needs to be borrowed.

If you have any queries about double entries of all this scenario, do leave a comment, I'll be pleased to help you.

Thank you!

4 0
3 years ago
Human capital is thea. knowledge and skills that workers acquire through education, training, and experience.b. stock of equipme
sertanlavr [38]

Answer:

a. knowledge and skills that workers acquire through education, training, and experience.

Explanation:

Human Capital is associated with all that improves the qualification of the workers. And is important because allows the increase of productivity and thus profitability of an organization or economy.

6 0
3 years ago
Other questions:
  • Tanya buys a certain brand of soft drink only when she gets discount coupons for it. she discontinues purchasing it when the dis
    15·1 answer
  • Magic Realm, Inc., has developed a new fantasy board game. The company sold 45,000 games last year at a selling price of $66 per
    8·1 answer
  • A 7-year municipal bond yields 4.8%. Your marginal tax rate (including state and federal taxes) is 39.00%. What interest rate on
    5·1 answer
  • The ________ statement of a business report provides a clear description of the situation that created the need for the report.
    8·1 answer
  • Merle Industries had been selling its product for $24 per unit, but recently lowered the selling price to $17 per unit. The comp
    5·1 answer
  • Which of the following is an example of a financial market?
    8·1 answer
  • You have a $56,000 portfolio consisting of Intel, GE, and Con Edison. You put $22,400 in Intel, $14,400 in GE, and the rest in C
    8·1 answer
  • Your uncle the banker offers to lend you $25,000 to start a new business. You will have to make a payment of $7,000 at the end o
    13·1 answer
  • In order to start a successful company, it is important to rely on other people to do all the work for you. True False​
    14·2 answers
  • abuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations: S
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!