All categories

3 years ago

The following information is available for Oriole Company

Business

1 answer:

marta [7]3 years ago

7 0

Answer: $33,520

Explanation:

Assets = Equity + Liability

Assets = Retained earnings + Common Stock + Liability - because equity is made up of common stock and retained earnings

Retained earnings = Assets - Common Stock - Liability

Assets;

= Accounts receivable + Supplies + Cash + Inventory + Equipment (net)

= 3,500 + 3,720 + 6,360 + 2,970 + 109,200

= $‭125,750‬

Liabilities;

= Accounts payable + Interest payable + Unearned service revenue + Notes payable + Salaries and wages payable

= 3,700 + 530 + 820 + 31,000 + 780

= $36,830

Retained earnings = Assets - Common Stock - Liability

= ‭125,750‬ - 55,400 - 36,830

= $33,520

You might be interested in

Assume the plum corporation has two different issues of common stock. one issue carries voting rights, and the other issue does

Alchen [17]

Assume the Plum Corporation has two different issues of common stock. One issue carries voting rights, and the other issue does not. In this situation, Plum is said to have issued classified stock.

A legal entity is a form of legal entity that is also a separate legal entity from its owner. All companies are companies, but not all companies are necessarily companies. The standard answer today is that the purpose of a corporation is to benefit its shareholders. Scholars talk about the 'shareholder-first norm' and many talks about the role of corporate leaders as 'shareholders'. Wealth maximization”. Even seemingly selfless entrepreneurial actions B. charitable donations are considered legitimate.

Learn more about Corporation here

brainly.com/question/1918077

#SPJ4

6 0

1 year ago

. The organizers of a conference in the Houston Convention Center are evaluating the possibility of setting up a computer area w

Mars2501 [29]

Answer:

They would need to have at least 3 computers

Explanation:

According to the given data we have the following:

Arrival rate = 15 persons per hour

Servicing rate = 60 / 10 = 6 persons per hour with one computer

Servicing rate with x number of computers = 6x per hour

Servicing rate at 90% utilisation = 6x (0.90) = 5.40x per hour

Therefore to service 13 arrivals per hour, we will need x computers = 15/ 5.40 = 2.78

With 2 computers, the service capacity will be 12 per hour and the utilisation will be 15/12 = 125%, which exceeds the organiser’s standard of 90% utilization.

With 3 computers, the service capacity increases to 18 persons per hour. If only 13 persons arrive, the utilisation rate will be 15 / 18 = 83.33%, below the required maximum of 90% utilisation.

Therefore, the 2.78 can be rounded off to next whole number 3 computers

4 0

3 years ago

Read 2 more answers

Dallas Boot Corporation has been asked to submit a bid on supplying 1,000 pairs of military combat boots to the Armed Forces Tra

Kipish [7]

Answer:

Dallas Boot Corporation

Assuming that there would be no commission on this potential sale, the lowest price the firm can bid is some price greater than:_________

= $20.

Explanation:

a) Data and Calculations:

Pairs of military combat boots on the bid = 1,000

Direct material $8

Direct labor 6

Variable overhead 3

Variable selling cost (commission) 3

Fixed overhead (allocated) 2

Fixed selling and administrative cost 1

Total cost of production and sales $23

Less commission 3

Total cost per boot $20

b) The bidding price less sales commission will be a price that is greater than $20 per boot. The extra amount per boot will cover the profit expected from the transaction.

7 0

3 years ago

Under GASB standards, financial information useful for assessing operational accountability is primarily reported in which finan

ANEK [815]

Answer: b. Yes; No

Explanation:

The Government Accounting Standards Board (GASB) is simply a non-governmental organization which is private that helps in the creation of accounting reporting standards, for both states in the United States and the local governments.

Under GASB standards, financial information useful for assessing operational accountability is primarily reported in the Government wide financial statements and not the Fund Financial statements.

7 0

3 years ago

Your company manufactures riding lawn mowers.One of your customers,Marie,writes a claim,demanding a compensation for her faulty

Alekssandra [29.7K]

Answer: D) As stated in our contract,we are liable to pay compensation only when our personnel repair the equipment

Explanation:

Based on the information given in the question, the best way to phrase the refusal of Marie's claim for adjustment is that "As stated in our contract, we are liable to pay compensation only when our personnel repair the equipment".

Since a service executive in the company discovers that the mower was dismantled by someone, then Marie's claim for adjustment can be refused since it wasn't dismantled by someone from the company.

4 0

3 years ago