1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vlad1618 [11]
3 years ago
5

The following account titles were drawn from the general ledger of Holt Food Supplies, Incorporated (HFSI): Computers, Operating

Expenses, Rent Revenue, Building, Cash, Notes Payable, Land, Utilities Payable, Utilities Expense, Trucks, Gasoline Expense, Retained Earnings, Supplies, Accounts Payable, Office Furniture, Salaries Expense, Common Stock, Service Revenue, Interest Expense, Dividends, Supplies Expense.Label each account title as either an asset, liability, or stockholders' equity.
Business
2 answers:
arlik [135]3 years ago
8 0

Answer:

Explanation:

Asset: It include all types of assets such as current assets, fixed assets, etc.

It includes computers, buildings, cash, land, trucks, supplies, office furniture.  

Liability: It includes Notes payable, utilities payable, accounts payable

Stockholder's equity: It has two parts

1. Equity: It includes common stock

2. Retained earnings: It includes  retained earnings, operating expenses, rent revenue, utility expense, gasoline expense, salary expense, service revenue, interest expense, dividends.  

operating expenses, rent revenue, utility expense, gasoline expense, salary expense, service revenue, interest expense these are the part of the income statement through which net income or net loss can be computed.

otez555 [7]3 years ago
3 0

Answer:

For the provided accounts we have

Assets = Liabilities + Stockholder's equity

Stockholder's Equity = Stock + retained earnings

Here, for the list the items and their respective headings are:

Main solution:

Computers = Asset

Operating expenses = Retained earnings = Stockholder's Equity

Rent Revenue = Retained Earnings = Stockholder's Equity

Building = Asset

Cash = Asset

Notes Payable = Liability

Land = Asset

Utilities Payable = Liability

Utilities Expense = Retained Earning = Stockholder's Equity

Trucks = Assets

Gasoline Expense = Retained Earnings = Stockholder's Equity

Retained Earnings = Stockholder's Equity

Supplies = Asset

Accounts Payable = Liability

Office Furniture = Asset

Salaries Expense = Retained Earnings = Stockholder's Equity

Common Stock = Stockholder's Equity

Service Revenue = Retained Earnings = Stockholder's Equity

Interest Expense = Retained Earnings = Stockholder's Equity

Dividends = Retained Earnings = Stockholder's Equity

Supplies Expense = Retained Earnings = Stockholder's Equity

Note: All the expense items are deducted from retained earnings and thus deducted from stockholder's equity.

And all the incomes are added to retained earnings and thus, added to stockholder's equity.

You might be interested in
Find m2V.<br><br><br> V<br><br><br> W<br><br><br> (2x + 29)<br><br><br> (10x – 27)°<br><br><br> Y
bogdanovich [222]

Answer:

31x

17x

Explanation:

we should add 2x+29

we should subtract 10x and 27

8 0
2 years ago
The manager who provides overall guidance and leadership for the entire corporation is known as the ____ manager.
WITCHER [35]
<span>The manager who provides overall guidance and leadership for the entire corporation is known as the operations manager.

An operations manager oversees all organization departments from final production of goods/services, production, purchasing, productivity of employees, manufacturing, supplies and employees. An operations manager is an in office (sometimes out) but, is usually around to help each group within an organization keep focus on what tasks need to be accomplished.</span>
5 0
3 years ago
A consumer purchases a lawn mower from a retail store. It contains a tag that says the purchaser should read the instruction boo
mariarad [96]

Answer:

B. Contributory negligence

Explanation:

            Contributory negligence may be defined as a defense to the tort claim that is based on the negligence of the plaintiff in some law jurisdiction. And if contributory negligence is available defense completely  bars the person who files the suit from any recovery if the plaintiff contributes to their own injury and harm from any negligence.

           In the context, a person buys a lawn mover form a store. The lawn mover contains a instruction book where it was written that the lawn mover should not be moved over any stones or gravels or areas mixed with grass and stones.

           The consumer though remembers the warning but he moves the lawn mover over land filled with loose stones and rocks. Unfortunately, a rock flies and hits him on his face resulting in serious damage of his face. And so the consumer sues the manufacturer for selling a defective lawn mover.

           But the court will dis-miss the case as it was a case of contributory negligence of the consumer as the manufacturer warned the consumer with a written instruction not to use the product over areas covered with stones and rocks. Thus the defense that will give the manufacturer the best chance of having dismissing the case by the court is the Contributory negligence of the consumer.        

8 0
2 years ago
On a visit to his mother's home, steve's mother introduced him to her new next-door neighbor. after chatting with the neighbor f
Zielflug [23.3K]
He hasn't gotten to know the neighbor
5 0
3 years ago
Read 2 more answers
Company uses the​ weighted-average method in its process costing system. The Packaging Department started the month with units i
Musya8 [376]

Answer:

the numbers of the first part are missing here, so I looked for a similar one:

"The Packaging Department started the month with 300 units in process that were 70% complete, receiving 2,000 units from the Cutting Department. The Packaging department had 200 units in process at the end of the period that are 40% complete.

All materials are added at the beginning of the process and conversion is added uniformly.

From the Packaging Department, units are transferred to Finished Goods."

Since we are not asked to calculate costs, we are told to calculate equivalent units for conversion costs, the formula would be:

total units finished and transferred out = 300 + 2,000 - 200 = 2,100

equivalent units of ending WIP = 200 x 40% = 80

total equivalent units = 2,100 + 80 = 2,180 equivalent units

3 0
3 years ago
Other questions:
  • Business Bonus Question:
    15·2 answers
  • Harry owns a Cadillac and a Porsche. Ryan has always wanted a Porsche and knows Harry owns one. Harry decides to sell his Cadill
    13·1 answer
  • Anita’s take-home pay is $2200 a month. she spends 14% of her take-home pay on groceries. How much is Anita’s monthly grocery bi
    10·1 answer
  • To change document properties, first tap or click FILE on the ribbon to open the Properties view.
    13·1 answer
  • Your coworker Ginny is really concerned about a project that he has just been assigned. He is in charge of analyzing and determi
    7·1 answer
  • Can we tell from this information whether aggregate expenditure was higher or lower than GDP during this​ quarter? If​ not, what
    8·2 answers
  • The constraint at Rauchwerger Corporation is time on a particular machine. The company makes three products that use this machin
    13·1 answer
  • I need help with this question Ill mark brainliest
    9·1 answer
  • Assume University Athletic Pharoah Club sells T-shirts for $30 and anticipates selling 6,700 shirts during football season. The
    7·1 answer
  • In recent decades, Americans have increased their purchase of stocks of foreign-based companies. The Americans who have bought t
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!