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2 years ago

B. Panuto: Isulat sa patlang kung ano ang tinutukoy sa pangungusap.

Business

1 answer:

DanielleElmas [232]2 years ago

8 0

Explanation:

1.negosyante.

2.kapital.

3.ng sapat na kaalaman sa pang negosyo.

4.inquiry

5.flayears

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The outdoor clothing company Patagonia, Inc. pledges one percent of the company's annual revenue to environmental causes around

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Obligation is a condition of being linked in a relationship. We are all obligated to maintain the earth so it will sustain us because we all live on it

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2 years ago

The following data were taken from the financial statements of Gates Inc. for the current fiscal year. Property, plant, and equi

Alex Ar [27]

Answer:

Ratio of fixed assets to long-term liabilities = fixed assets / long term liabilities = $971,600 / $694,000 = 1.4

Ratio of liabilities to stockholders' equity = total liabilities / stockholders' equity = $834,000 / $2,780,000 = 0.3

Asset turnover = net sales / average total assets = $21,141,000 / [($3,614,000 + $3,433,000)/2] = 6

Return on total assets = (net income + interest expense) / average total assets = ($386,000 + $41,640) / [($3,614,000 + $3,433,000)/2] = 12.14%

Return on stockholders’ equity = net income / average stockholders' equity = $386,000 / [($2,780,000 + $2,558,000) = 14.46%

Return on common stockholders' equity = net income / average common stockholders' equity = $386,000 / [($1,946,000 + $1,724,000) = 21.04%

8 0

2 years ago

On January 1, 2019, Smith, Inc., has the following balances for accounts receivable and allowance for doubtful accounts: Account

slava [35]

Answer:

1. $372,150

2. $650

Explanation:

1. Smith's preadjustment balance in accounts receivable on December 31, 2019:

= Accounts Receivable on January 1, 2019 + Credit sales - Collected accounts receivable - uncollectible accounts receivable

= $386,000 + $2,895,000 - $2,905,000 - $3,850

= $372,150

2. Smith's preadjustment balance in allowance for doubtful accounts on December 31, 2019:

= Allowance for Doubtful Accounts (a credit balance) on January 1, 2019 - uncollectible accounts receivable

= $4,500 - $3,850

= $650

3. The Journal entry is as follows:

Bad Debt Expense ($3,800 - $650) A/c Dr. $3,150

To Allowance for Doubtful Accounts $3,150

(Record adjusting entry for bad debt expense estimate)

5 0

2 years ago

Using the fifo method what is the cost of goods sold in september

valina [46]

Answer:

1805

Explanation:

Number of units sold in September = 160 units

Using the first - In, First out inventory method : assumes that the oldest (first) inventory items have been sold first.

Inventory items will first be sold from April, the May and so on :

Unit price in April = $11 ; Number of items = 115

($11 * 115) = $1265

(160 - 115) = 45 units

This 45 units will be sold at unit price for May :

(45 * $12) = $540

Cost of goods sold in September :

$1265 + $540 = $1805

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2 years ago

On November 1, Jasper Company loaned another company $100,000 at a 6.0% interest rate. The note receivable plus interest will no

allochka39001 [22]

Answer:

Explanation:

The journal entry is shown below:

Interest receivable A/c Dr $1,000

To Interest revenue A/c $1,000

(Being accrued interest is recorded)

The computation of accrued interest is presented below:

= Principal × rate of interest × number of months ÷ (total number of months in a year)

= $100,000 × 6% × (2 months ÷ 12 months)

= $1,000

The 2 months is calculated from November 1 to December 31

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2 years ago