Answer:
Detailed balance sheet is attached .
Explanation:
Answer:
quick ratio = 4.77
Explanation:
quick ratio = (current assets - inventory) / current liabilities
current assets = $910,000 + $1,330,000 + $1,050,000 = $3,290,000
inventory = $1,050,000
current liabilities = $470,000
quick ratio = ($3,290,000 - $1,050,000) / $470,000 = 4.766 ≈ 4.77
Answer:
Increase at a faster rate than the costs associated with those sales.
Explanation:
Generally, the break-even point refers to the point where total cost and total revenue are equal. This implies it is a point at which there is neither gain nor loss.
Specifically, break even unit therefore refers to the sales unit at which total cost is equal to the total revenue. When the unit sold is greater than the break even unit, total revenue will be greater than the total cost, while when the unit sold is less than the break even unit, total revenue will be less than the total cost.
From the question, when the room sales at the Motor Lodge Motel exceeded its break-even point for the month on the twentieth day of the month, it implies that any extra room sales will increase the revenue more than the costs associated with those sales.
Therefore, revenue generated by room sales during the remaining days of the month will increase at a faster rate than the costs associated with those sales.
Answer:
Physical capital consists of manmade goods that assist in the production process. Cash, real estate, equipment, and inventory are examples of physical capital. Physical capital values are listed in order of solvency on the balance sheet. The balance sheet provides an overview of the value of all physical and some non-physical assets. It also provides an overview of the capital raised to pay for those assets, which includes both physical and human capital.
Physical capital is recorded on the balance sheet as an asset at historical cost, not market value. As a result, the book value of assets is generally higher than market value. Accountants refer to physical capital as a tangible asset.
Human Capital
Intangible assets are non-physical capital. A balance sheet only lists intangible assets when they have identifiable values. Intangible assets can't be touched, but they are often represented by a legal document or paper.
Human capital is represented by more than the company brand. Harvard University is not Harvard University because of its crimson logo. The value of Harvard University is in its human capital. Human capital includes the knowledge base of the employees and is often measured by the quality of the product. It also refers to the network of the employee base and the general level of influence they have on the industry.
Examples of intangible assets include intellectual property such as brands, patents, customer lists, licensing agreements, and goodwill. When one company acquires or purchases another, and the purchase price is more than the physical assets it purchases, it creates goodwill. The difference is recorded as goodwill, and one of the largest components of goodwill is human capital. In fact, goodwill is one of the only places where an analyst can find a value for human capital on the balance sheet.
Explanation: