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Julli [10]
3 years ago
7

Use the following information for Exercises 8-9 below. (Static)[The following information applies to the questions displayed bel

ow.]
a. M&R Company provided $2,000 in services to customers in December, which are not yet recorded. Those customers are expected to pay the company in January following the company’s year-end.
b. Wage expenses of $1,000 have been incurred but are not paid as of December 31.
c. M&R Company has a $5,000 bank loan and has incurred (but not recorded) 8% interest expense of $400 for the year ended December 31. The company will pay the $400 interest in cash on January 2 following the company’s year-end.
d. M&R Company hired a firm that provided lawn services during December for $500.
e. M&R will pay for December lawn services on January 15 following the company’s year-end.M&R Company has earned $200 in interest revenue from investments for the year ended December 31. The interest revenue will be received on January 15 following the company’s year-end.
f. Salary expenses of $900 have been earned by supervisors but not paid as of December 31.
Business
1 answer:
Ipatiy [6.2K]3 years ago
6 0

Answer:

The requirements are missing, so I looked for similar questions. You should make any necessary adjusting entries on the accounting equation. Since there is not enough room here, I used an excel spreadsheet.

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Born and raised in India, Rashmi has always enjoyed Indian cooking. As a matter of fact, cooking was her passion and she always
My name is Ann [436]

Answer:

The answer is: Modify

Explanation:

In Rashmi´s catering business, modify refers to changing the process in order to solve problems.

Rashmi must change her recipes so that the food she sells isn´t too spicy for his potential customers. Indian food is famous for being extra spicy, but American food isn´t so she must modify it to satisfy American taste.    

3 0
3 years ago
If you work an 8 hour shift on each weekend day and take two weeks off during the year, how many hours will you work in a year?
postnew [5]
Well there are approximately 104 weekend days in a year (not including a leap year) and if he takes 2 weeks off it which would include 4 weekend days you would be left with 100 weekend days. So 100x8=800. So you would work a total of 800 hours in a year.
5 0
3 years ago
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Comprehension and speed are the two most important traits in reading for business. Please select the best answer from the choice
zimovet [89]

Answer:

<em>Comprehension and speed are the two most important traits in reading for business</em><em> </em><em><u>True</u></em>

3 0
2 years ago
Head-First Company plans to sell 5,800 bicycle helmets at $76 each in the coming year. Unit variable cost is $44 (includes direc
Romashka [77]

Answer:

1. 4,350 helmets

Explanation:

1. The computation of the number of helmets is shown below:

= (Total fixed cost + operating income) ÷ (Contribution margin per unit)

where,  

Contribution margin per unit = Selling price per unit - Variable cost per unit

= $76 - $44

= $32

So, it would be

= ($49,600 + $89,600) ÷ ($32)

= ($139,200) ÷ ($32)

= 4,350 helmets

2. The contribution margin income statement is presented below:

Sales (4,350 × $76)                                          $330,600

Less: Variable cost  (4,350 × $44)                  ($191,400)

Contribution margin                                        $139,200

Less: Total Fixed cost                                     ($49,600)

Operating income                                            $89,600

8 0
3 years ago
Suppose you deposit $2,262.00 into an account today. In 11.00 years the account is worth $3,855.00. The account earned ____% per
zmey [24]

Answer:

4.97 %

Explanation:

Data and Calculation :

PV = - $2,262.00

N =  11.00

FV = $3,855.00

P/YR = 1

PMT = $0

I/YR = ? 4.97 %

THUS,

The account earned 4.97 % per year.

3 0
3 years ago
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