Answer:
C. $674,000
Explanation:
The answer is calculated as :
Deposits for containers delivered in 20X5 + Deposits for containers returned in 20X5 - Deposits for containers returned in 20X5 from deliveries in 20X5 - Sales credited = The liability for deposits on returnable containers.
$580,000 + $780,000 - $626,000 -$60,000 = $674,000
Customers from 20X3 still hold some containers $150,000 - $90,000 = $60,000 which is the sales credited as the two year refund warranty is expired.
I’m happy to answer this question if you can give me more detail.
By writing and allowing the resource to become more in evloved in the system and they would become more into planning a high profile idk if this is right
Answer:
![\left[\begin{array}{ccc}$Account&$DEBIT&$CREDIT\\$Cash&37,600&-\\$Prepaid insurance&4,600&\\$Office supplies&890&-\\$office equipment&12,900&\\$accouts payable&-&12,900\\$Capital Account&&18,000\\$drawins&3,370&\\$Sales revenue&&36,000\\$Rent expense&7,540&\\$Total&66,900&66,900\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D%24Account%26%24DEBIT%26%24CREDIT%5C%5C%24Cash%2637%2C600%26-%5C%5C%24Prepaid%20insurance%264%2C600%26%5C%5C%24Office%20supplies%26890%26-%5C%5C%24office%20equipment%2612%2C900%26%5C%5C%24accouts%20payable%26-%2612%2C900%5C%5C%24Capital%20Account%26%2618%2C000%5C%5C%24drawins%263%2C370%26%5C%5C%24Sales%20revenue%26%2636%2C000%5C%5C%24Rent%20expense%267%2C540%26%5C%5C%24Total%2666%2C900%2666%2C900%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Explanation:
We must do ledger for each accounts, most of them only got one transaction so we just post them directly.
For cash we must do it as there are several transaction:
CASH
<u>DEBIT CREDIT</u>
18,000
(7,540)
(4,600)
(890)
36,000
<u> (3,370)</u>
37,600
Assets and expenses goes into debit column
Liabilities, equity and revenues into credit column
Answer:
Matching Statements to Appropriate Terms:
Price-earnings ratio = Profitability Ratio
Return on Assets = Profitability Ratio
Accounts Receivable Turnover = Liquidity Ratio
Earnings per share = Profitability Ratio
Payout ratio = Profitability Ratio
Working capital = Liquidity Ratio
Current ratio = Liquidity Ratio
Debt to Assets = Solvency Ratio
Free Cash Flow = Solvency Ratio
Explanation:
Profitability Ratios are one of the classes of financial metrics that measure a business's ability to generate earnings relative to its revenue, operating costs, assets, or shareholders' equity during a period of time.
Liquidity Ratios measure the ability of the company to pay its maturing short-term debt obligations from its current assets. They include the working capital, the current ratio, and the acid-test ratio.
Solvency Ratios measure the ability of the company to pay its maturing long-term debt obligations from its assets.
