"Maple Corp. had net sales of $217,550 for the year ended December 31, 2017. Its beginning and ending total assets were $94,2
1 answer:
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Answer:
Following are the answer to this question:
In question first, the answer is "Option d".
In question second, the answer is "Option e".
In question third, the answer is "Option e".
In question fourth, the answer is "Option e ".
In question fifth, the answer is "Option b".
Explanation:
Given values:
Solution:
= $400000000+$340000000+$4000000
= $744000000
= $744000000 + $50000000+$6000000+$850000000
= $1,650,000,000
- Saving account deposits, which means its amount of money increased throughout the M2 portion regular savings account. So M2 will grow
- Its increase in the number of employees may not impact the balance sheet with banks, because each bank maintains its entire cash flow
- For banks, loans are investments if they're lending money as a bank to people. So, it's on income statement asset side
Answer:
(A) 352,410
(B) 328,910
(C) 474,120
(D) 461,770
(E) 165,000
(F) 175,000
Explanation:
1.- WIP, August 1st: $ 19,660 $ 41,650 (e)
2.- Cost added $ 332,750 (c) $ 1,075,000
3.- Subtotal (a) $ 515,770 $ 1,240,000
4.- WIP, August 31th $ 23,500 $ 54,000 (f)
5.- COGM (b) (d) $1,068,000
The identity to solve for this is as follow:
<u>The third row is the sum of the left side of the of the equation.</u>
beginning WIP + cost added.
(a) 332,750 + 19,660 = 352,410
(c) 515,770 - 41,650 = 474,120
(e) 1,240,000 - 1,075,000 = 165,000
COMG will be third row less fourth row
the ending WIP subtracted from the left side
(b) 352,410 - 23,500 = 328,910
(d) 515,770 - 54,000 = 461,770
(f) 1,240,000 - 1,068,000 = 175,000