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777dan777 [17]
3 years ago
12

Diehl Cleaners has the following balance sheet items. Classify each item as an asset, liability, or owner’s equity. Accounts pay

able Cash Equipment Supplies Accounts receivable Notes payable Salaries and wages payable Owner’s capital
Business
1 answer:
Strike441 [17]3 years ago
4 0

Answer:

Assets : Cash, Accounts receivable, Equipment

Liabilities : Salaries and wages payable,  Accounts payable,  Notes payable

Owners Equity : Owner’s capital

Explanation:

Assets are valuable things owned by a business, to which firm's present or future monetary economic benefit can be entitled.

Cash , Account receivables (from debtors who owe money to us) , Equipments are all beneficial ownerships and hence are Assets.

Liabilities are financial burden of the business, the amount business owes to others.

Salaries and wages payable, Accounts payable (from creditors to whom we owe money), Notes payable are all financial obligations to be fulfilled by business - so are liabilities of business.

Owners Equity are the assets of business which have been bought in by the Entrepreneur as 'Capital' in the firm.

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On January 1, 2018, the Accounts Receivable and the Allowance for Doubtful Accounts balances of Kendall Company were $40,000 and
aivan3 [116]

Answer:

Bad Debt Expense = $652

Explanation:

Ending balance [Un-adjusted) = Beginning balance + Credit sales - Cash collected  - Written off

Ending balance [Un-adjusted) = $40,000 + $80,000 - $78,200 - $500

Ending balance [Un-adjusted) = $41,300

Allowance For Doubtful Accounts = Beginning balance - Written off

Allowance For Doubtful Accounts = $1,500 - $500

Allowance For Doubtful Accounts = $1,000

Adjusted amount required = $41,300 × 4%

Adjusted amount required = $1,652 Credit

Un-adjusted balance available = $ 1000 Credit

Bad Debt Expense = Adjusted amount required - Un-adjusted balance available

Bad Debt Expense = $1,652 - $1,000

Bad Debt Expense = $652

7 0
3 years ago
The relationship between an employer and an employee can be thought of in terms of a(n) __________, a description of what an emp
myrzilka [38]

The answer is psychological contract.

A broken psychological contract may occur when an employee believes that working extra would be naturally rewarded. This, however, may not be business policy. If the person is salaried, they may not be compensated for the extra hours worked.

Daily acts and remarks made in the workplace, as well as how they are interpreted by all parties involved, have an impact on the contract.

`

In other words, it is a promise developed via regular workplace encounters in which the organization learns what is expected of each employee.

Psychological contracts evolve and adapt to the organizational working culture over time. However, they are generally difficult to change and can differ across individual party members and whole organizations.

To know more about employer and employee relationship click here:

brainly.com/question/13400621

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8 0
2 years ago
Good that cost one half dollar in the U.S. cost one euro in Germany, the real exchange rate would be computed as how many German
olchik [2.2K]

Answer:

Real Exchange Rate computed as German goods per U.S. goods: 2

Explanation:

Cost in the US: 0.50 dollar

Cost in Germany: 1 euro

Real Exchange Rate: German Goods / U.S. Goods

Real Exchange Rate: 1 / 0.50 = 2

The real exchange rate measures the price of foreign goods relative to the price of domestic goods.

3 0
3 years ago
In 2019, Alliant Corporation acquired Centerpoint Inc. for $352 million, of which $62 million was allocated to goodwill. At the
Komok [63]

Answer:

1. $34 million

2. $0

Explanation:

Given that,

Fair value of Centerpoint Inc = $256 million

Book value of Centerpoint's net assets (excluding goodwill) = $228 million

Book value of Centerpoint's net assets (including goodwill) = 290 million

1. Actual Value of Goodwill:

= Fair Value of Centrepoint Inc. - Book Value of Net assets (excluding goodwill)

= $256 million - 228 million

= $28 million

Loss on Impairment of Goodwill:

= Goodwill recorded - Actual value of goodwill

= $62 million - $28 million

= $34 million

2. In this case Fair value of ($318 million) is more than Book value ($290 million) then there will be no Impairment Loss.

It means that the loss on Impairment of Goodwill = $0.

6 0
3 years ago
One Planters NUT-rition Cranberry Almond Peanut bar weighs 35 grams and is composed of 23% lipid, 57% carbohydrate, 14% protein,
Aloiza [94]

Answer:

C) 42%; 11%

Explanation:

The total calories in one Planters NUT-rition Cranberry Almond Peanut bar =

  • fats: 35 grams x 23% x 9 calories = 72.45 calories
  • carbohydrates: 35 grams x 57% x 4 calories = 79.8 calories
  • proteins: 35 grams x 14% x 4 calories = 19.6 calories
  • total 171.85 calories

percent calories from fat = 72.45 calories / 171.85 calories = 0.4216 x 100 = 42.16% ≈ 42%

percent calories from protein = 19.6 calories / 171.85 calories = 0.1141 x 100 = 11.41% ≈ 11%

6 0
3 years ago
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