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3 years ago

Prepare a trial balance from the ledger accounts of Black Diamond Express as of January 31, 2018.

Business

1 answer:

malfutka [58]3 years ago

4 0

Answer:

Black Diamond Express

Trial Balance as at January 31, 2018.

Debit Credit

Accounts Payable $1,100

Rent Expense $500

Accounts Receivable $1,700

Service Revenue $3,000

Cash $1,400

Supplies $200

Common stock $2,000

Salaries and Wages Expense $1,300

Dividends $1,000

Totals $6,100 $6,100

Explanation:

A trial balance is a list of balances (debits and credits) that is prepared from the ledger accounts from which Financial Statements are prepared.

The Trial Balance can be used a check to the correctness of the double entry system.

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Loughry Catering uses two measures of activity, jobs and meals, in the cost formulas in its budgets and performance reports. The

Andreyy89

Answer:

The correct option is D. $7,124

Explanation:

To compute the catering supplies amount, the following items need to be considered. along with this, the computation is also shown:

= Catering supplies + Job cost + meal cost

where,

Catering supplies are $530 per month

Job cost = Per job cost × expected number of jobs

= $114 × 25 jobs

= $2,850

Meal cost = Per meal cost × expected number of meals

= $16 × 234 meals

= $3,744

Now put these values to the above formula

So, the answer would be equal to

= $530 + $2,850 + $3,744

= $7,124

The actual activity is not consider. Thus, it is ignored.

Hence, The catering supplies in the flexible budget for October would be closest to $7,124

Therefore, the correct option is D. $7,124

5 0

3 years ago

______ consists of a set of techniques and principles for systematically collecting, recording, analyzing, and interpreting data

Mademuasel [1]

Answer:

The correct answer is option A.

Explanation:

Marketing research refers to the set of techniques and principles for systematically collecting, recording, analyzing, and interpreting data that can aid decision-makers involved in marketing goods, services, or ideas.

It involves a number of steps such as defining the objectives and research needs, designing the research, collection of data.

Marketing research is helpful in making decisions related to marketing goods, services and ideas.

5 0

3 years ago

Ciara is taking AP Biology and her twin brother, Elon, is in regular Biology. At the end of the year, Ciara earned a B and Elon

ozzi

Both Ciara and Elon earned the same number of points toward their GPA.

AP classes are on a 5.0 scale, so a b in an AP class is the same as an A in a regular class

8 0

2 years ago

Read 2 more answers

Cyclical unemployment is BEST described as unemployment arising from

Ira Lisetskai [31]

Answer:

Contraction cycle or Recession

Explanation:

The cyclical unemployment is due to the cycles of economy ( expantion:Grow and contraction: recession) Under these circumstances unemployment is considered normal as the economy cannot sustain itself always in an expansion cycle.

3 0

3 years ago

Beale Manufacturing Company has a beta of 1.8, and Foley Industries has a beta of 0.80. The required return on an index fund tha

navik [9.2K]

Answer:

3.5%

Explanation:

We will apply asset pricing model to calculate cost of equity (required rate of return). The capital asset pricing model is stated as below:

Cost of equity = Risk-free rate + Beta x Market risk premium

Putting all the number together, we have:

Cost of equity (Beale) = 5.5% + 1.8 x (9% - 5.5%) = 11.8%

Cost of equity (Foley) = 5.5% + 0.8 x (9% - 5.5%) = 8.3%

Cost of equity (Beale) - Cost of equity (Foley) = 11.8% - 8.3% = 3.5%

Note: You can also do quick calculation as below:

Cost of equity (Beale) - Cost of equity (Foley) = (Beta of Beale - Bete of Foley) x Market risk premium = (1.8 - 0.8) x (9% - 5.5%) = 3.5%

6 0

2 years ago