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DedPeter [7]
3 years ago
6

The following account balances appear in the 2021 adjusted trial balance of Blue Devils Corporation:

Business
1 answer:
muminat3 years ago
6 0

Answer and Explanation:

The preparation of the classified balance sheet is presented below:

                                        Blue Devils Corporation

                                                Balance Sheet

                                                    Dec 31, 2021

Assets Amount ($) Liabilities and shareholder equity Amount ($)

Current assets:                   Current liabilities  

cash $3,800                          Accounts payable                $24,800

Accounts receivable $7,800   Salaries payable                 $14,800

Supplies     $17,800

Total current assets $29,400   Total current liabilities        $39,600  

Long-term assets                     Stockholders equity  

Equipment   $108,000            Common stock               $48,000

Accumulated depreciation -39,000  Retained earnings        $10,800

Total assets $98,400     Total liabilities and stockholders equity $98,400

We find the retained earning balance by applying the accounting equation which is shown below:

Assets   = Liabilities + common stock + retained earnings

$98,400 = $39,600 + $48,000  + retained earning

So, the retained earning is $10,800

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Under Life Solicitation Rule, the definition that applies to a consumer that is most concerned about death benefit proceeds to b
Fiesta28 [93]

Answer:

life insurance net payment cost index

Explanation:

The accidental death benefit is referred to as a payment due to the sole beneficiary of an accidental death insurance policy. The accidental death benefit mostly is an amount paid which adds to the standard benefit payable if

and only if the insured died of natural causes e.g old age, earthquake or tsunami etc.

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6 0
3 years ago
If the interest rate on a savings account is 0.018%, approximately how much money do you need to keep in this account for 1 year
d1i1m1o1n [39]
The answer to this question would be: <span>A. $55,555
</span>In this question, the interest rate is 0.018% and you need to have $9.99 interest. That mean, you need to divide the target interest value with the current interest rate. The equation should be:

interest = bank account * interest rate
$9.99 = bank account * 0.018%
bank account = $9.99/ 0.018%   (don't forget the % mean 1/100)
bank account = $55,500

If we assume that the $9.99 value is $9.99... then the answer would be $55,555
7 0
3 years ago
________ for forecasting relies on the assumption that underlying relationships in the past will continue into the future, resul
Nitella [24]

Answer: The answer is Trend extrapolation

Explanation:

7 0
2 years ago
Gilberto Company currently manufactures 84,000 units per year of one of its crucial parts. Variable costs are $2.90 per unit, fi
RoseWind [281]

Answer:

Cost to make $337,600

Cost to make $344,400

The company should make the product

Explanation:

Calculation to determine the total incremental cost of making 84,000 and buying 84,000 units

COST TO MAKE

Relevant per unit Relevant fixed cost Total relevant cost

Variable cost per unit $2.90 - $243,600(84000*$2.90)

Fixed manufacturing costs - $94,000 $94,000

Cost to make $337,600

($243,600+$94,000)

COST TO BUY

Relevant per unit Relevant fixed cost Total relevant cost

purchase per unit $4.10 - $344,400[$4.10*84000]

Cost to make $344,400

Based on the above calculation the cost of buying is higher than the cost of making therefore the company should MAKE the product.

5 0
3 years ago
Using the PACED decision-making tool, what does the A stand for
sergiy2304 [10]
Hey There!

The A stands for "List alternatives".

Thank You!

8 0
3 years ago
Read 2 more answers
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