Answer:
Explanation:
In the income statement, the total revenues and the total expenses are recorded.
If the total revenues are more than the total expenditure then the company earns net income
And, If the total revenues are less than the total expenditure then the company have a net loss
This net income or net loss would reflect in the statement of the retained earning account.
The preparation of the income statement is presented in the spreadsheet. Kindly find the attachment below:
A motive is a reason for doing something, so A
I would say all of them, only because you want to make sure that you're choosing the best account overall. My best guess, if that's not the answer, which it should be, would to be to look and see from your text, if it specifically mentions that any of these are not a part of a savings account. Nowadays, they all can be. It depends what bank you go to. But in Business classes, it might show that you a savings can't have one or more of these. For example, you usually see APR on other types of accounts. Not always savings. But for your grade level, and argument sake, I'd say all.
Accounts payable $36,500, Accounts receivable $46,500, Capital stock $100,000, Cash $46,000, Dividends $10,000, Goodwill $47,000
kolbaska11 [484]
Answer:
The Charlie current ratio is 1.84 times
Explanation:
The formula to compute the current ratio is shown below:
Current Ratio = Current Assets ÷ Current liabilities
where,
Current assets = Cash + accounts receivable + inventory + prepaid expenses
= $46,000 + $46,500 + $32,000 + 4,400
= $128,900
And, the current liabilities equal to
= Accounts payable + interest payable + short term notes payable
= $36,500 + $3,500 + $30,000
= $70,000
Now put these values to the above formula
So, the ratio equal to
= $128,900 ÷ $70,000
= 1.84 times
Answer:
Total= $159,552
Explanation:
Giving the following information:
The company has budgeted to sell 15,600 Debs in February.
Sales commissions $ 0.96*15,600= 14,976
Shipping $ 1.46 *15,600= 22,776
Executive salaries $ 60,600
Depreciation on office equipment $ 20,600
Other $ 40,600
Total= $159,552
