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frutty [35]
3 years ago
14

The following information is available from the adjusted trial balance of the Harris Vacation Rental Agency. After closing entri

es are posted, what will be the balance in the Sue Harris, Capital account?
Total revenues $ 100,000
Total expenses 48,000
Sue Harris, Capital 64,000
Sue Harris, Withdrawals 12,000

a. $116,000.
b. $52,000.
c. $48,000.
d. $64,000.
e. $104,000.
Business
1 answer:
zvonat [6]3 years ago
8 0

Answer:

e. $104,000.

Explanation:

The computation of the ending capital balance is shown below:

As we know that

Ending capital balance = Opening capital balance + net income - withdrawn amount

where,

Opening capital balance = $64,000

Net income is

= Revenues - expenses

= $100,000 - $48,000

= $52,000

And, the withdrawn amount is $12,000

So, the ending capital balance i s

= $64,000 + $52,000 - $12,000

= $104,000

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What type of interview is most likely being conducted when an interviewer says, "I think your answer is totally inadequate: it d
Wittaler [7]

Answer:

The correct answer is letter "A": stress.

Explanation:

Stress interviews are those where applicants are tested in critical skills such as problem-solving scenarios <em>role-playing</em> those situations to find out how the applicant reacts. These evaluations place a special focus on having prospective employees show what they are capable of before being hired. Stress interviews also let applicants know what a regular day at work could be with the position they are applying for so they can review if it is what the applicants are looking for.

8 0
4 years ago
Mango Company applies overhead based on direct labor costs. For the current year, Mango Company estimated total overhead costs t
Masteriza [31]

Answer:

55,000 Credit balance

Explanation:

Mango Company

Predetermined overhead rate /Estimated overhead cost

= $600,000 / $300,000

Estimated direct labor cost = 200%

Applied overhead :

=Actual direct labor cost of $335,000 × 200%

= $670,000

Overhead incurred-Overhead applied

$615000 – $670,000

=$55,000

Therefore At year-end, the balance in the Factory Overhead account is a: credit of $55,000

8 0
3 years ago
Read 2 more answers
Question 4
sp2606 [1]

The main risk posed by pests when it comes to food is that of d. Biological contamination

Pests are very bad for food because:

  • They can infect it with faces
  • They can infect the food with dangerous pathogens

Fetal contamination and bacterial (pathogenic) infections are examples of biological contamination.

We can therefore conclude that pests are more likely than not, to pose a risk of biological contamination.

<em>Find out more at brainly.com/question/2600140. </em>

7 0
3 years ago
According to the assumptions of CVP, ______ will not change as the volume of a product increases or decreases. total variable co
fgiga [73]

Answer:

Fixed costs, sales price, and variable cost per unit

Explanation:

Cost-volume-profit (CVP) analysis is a cost accounting technique that examines how operating profit is affected by varying levels of costs and volume. Another name for CVP is break-even analysis because for different sales volumes and cost structures, it provides the break-even point (BEP) for different sales volumes and cost structures. BEP can assist managers during the short-term economic decision making.

Some of the assumptions of CVP are that fixed costs, sales price, and variable cost per unit will not change even when the volume of a product changes. The change in the volume of a product can either be an increase or a decrease.

Therefore, according to the assumptions of CVP, fixed costs, sales price, and variable cost per unit will not change as the volume of a product increases or decreases.

I wish you the best.

5 0
3 years ago
What is the controlling account for the accounts payable ledger?
Kruka [31]

Contains the account of each vendor that make credit sales to the company

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3 years ago
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