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disa [49]
3 years ago
8

The following table gives the number of pints of type A blood used at Damascus Hospital in the past 6​ weeks:

Business
1 answer:
Lynna [10]3 years ago
3 0

Answer:

The forecasted demand for the week of October 12 using a 3-week moving average is 376,710

Explanation:

a) Data

21-Sep  383,383

28-Sep 368,368

5-Oct    378,378

Total  1,130,129

Average = 1,130,129/3 = 376,710

b) To calculate the moving average, the quantities for three weeks' demand are added and divided by 3.  This shows that the average demand for type A blood at the Damascus Hospital will be 376,710, going by the figures provided.  If the correct figures should have been 383, 368, and 378, the average would have equal to 376 pints.

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After a prolonged period of high inflation the government of Atlantia decides to set a target of 0% inflation going forward. As
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The preemptive right is important to shareholders because it a. protects bondholders, and thus enables the firm to issue debt wi
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On June 1, 2022, Elite Service Co. was started with an initial investment in the company of $22,100 cash. Here are the assets, l
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Question Completion:

Cash                         $ 4,600

Accounts receivable   4,000

Supplies                      2,400  

Equipment               26,000

Total assets          $37,000

Notes payable       $12,000

Accounts payable        500

Service revenue       7,500

Supplies expense    1,000  

Maintenance and repairs expense  600

Advertising expense  400  

Utilities expense  300

Salaries and wages expense  1,400

Common stock  22,100

In June, the company issues no additional stock but paid dividends of $1,400.

Prepare an income statement, retained earnings statement, and balance sheet.

Check figures:

·         Net income is $3,800.

·         Total assets are $37,000.

·         Total liabilities are $12,500.

Answer:

Elite Service Co.

a) Income Statement for the month of June 30, 2022:

Service revenue                                         $7,500

Supplies expense                           $1,000  

Maintenance and repairs expense    600

Advertising expense                          400  

Utilities expense                                300

Salaries and wages expense         1,400   3,700

Net Income                                              $3,800

b) Retained Earnings Statement for the month of June 30, 2022:

Net Income                     $3,800

Dividends paid                  1,400

Retained Earnings         $2,400

c) Balance Sheet as of June 30, 2022:

Cash                                   $ 4,600

Accounts receivable             4,000

Supplies                                2,400  

Equipment                         26,000

Total assets                    $37,000

Notes payable                 $12,000

Accounts payable                  500

Total liabilities                $12,500

Common stock                 22,100

Retained Earnings          $2,400

Total liabilities + Equity $37,000

Explanation:

Data and Calculations:

Cash                         $ 4,600

Accounts receivable   4,000

Supplies                      2,400  

Equipment               26,000

Total assets          $37,000

Notes payable       $12,000

Accounts payable        500

Common stock       22,100

3 0
2 years ago
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