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nirvana33 [79]
2 years ago
5

Below is the complete list of accounts of Sooner Company and the related balance at the end of April. All accounts have their no

rmal debit or credit balance. Cash, $2,600; Prepaid Rent, $6,100; Accounts Payable $3,000; Common Stock, $27,000; Service Revenue, $24,100; Salaries Expense, $6,900; Accounts Receivable, $4,800; Land, $47,000; Deferred Revenue, $1,650; Retained Earnings, $19,750; Supplies Expense, $8,100.
Required:
Prepare a trial balance with the list of accounts in the following order: assets, liabilities, stockholders' equity, revenues, and expenses.
Business
1 answer:
Cloud [144]2 years ago
6 0

Answer:

Sooner Company

Trial Balance

For the month ended April 30, 202x

                                          Debit                 Credit

Cash                                $2,600

Accounts Receivable     $4,800

Prepaid Rent                   $6,100

Land                              $47,000

Accounts Payable                                      $3,000

Deferred Revenue                                      $1,650

Common Stock                                        $27,000

Retained Earnings                                    $19,750

Service Revenue                                      $24,100

Salaries Expense             $6,900

Supplies Expense             $8,100

Totals                              $75,500           $75,000

When you are preparing a trial balance, you must report the accounts with their normal balances, e.g. assets have a normal debit balance while equity has a normal credit balance.

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Answer:

$13,153.15

Explanation:

Present value is the sum of discounted cash flows.

Present value can be calculated using a financial calculator

Cash flow each year from year 0 to 5 = $2,468

I = 5%

PV = $13,153.15

To find the PV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

6 0
3 years ago
If shell decided to open a new service station I a rural area of uk, which was not well serviced with filling stations, it would
timofeeve [1]

Answer:

The stakeholders are ; Customers, shareholders/investors, local community, suppliers, employees, Government, competitors, creditors etc.

Explanation:

Stakeholders are a group of people or individuals within a locality, whose interest is Paramount to the survival of an organization.

There are two types of stakeholders, which are;

Internal stakeholders : These group of people or individuals are part of the organization . eg employees, board of directors, managers. Etc.

External stakeholders: These group of people or individuals are not part of the organization but have interest in its performance. Eg local community, media, consumers, suppliers etc.

There are also primary stakeholders and secondary stakeholders.

Primary stakeholders. I.e those who have financial interest in an organization. Eg creditors, shareholders/investors etc.

Secondary stakeholders. i.e those who do not have financial interest but whose decision is influential. Eg trade union, government body etc.

As in the scenario above, impact of shell on several stakeholders are enumerated below;

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Answer:

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