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3 years ago

On August 31 of the current year, the assets and liabilities of Gladstone, Inc. are as follows:

Business

1 answer:

Solnce55 [7]3 years ago

4 0

Answer:

The equity for this firm is $32,540

Explanation:

Using the accounting equation we can solve for the equity:

assets = Liabilities + Equity

Equity = Assets - Liabilities

Now, we need to determiante the totals for assets and liabilities and sovle for equity:

Cash 31,800

Supplies 740

Equipment 11,300

Total Assets 43,840

Liabilities 11,300

Equity = 43,840 - 11,300 = 32,540

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Unscramble the vocabulary word from Chapter 12: yalplor

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Payroll is your answer.

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4 years ago

While other suppliers bidding for the contract brought bids with lower per unit costs, Orchard wanted to take delivery based on

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Answer:

The correct answer is A) top quality.

Explanation:

There are generally two sales approaches: the first, product-oriented. This takes into account its own characteristics in terms of presentation, quality and utility; and the second, people-oriented, where the real needs of the consumer are studied to determine how he uses the good in order to orient himself towards satisfying a need.

The example clearly shows that the orientation with minimum unit costs was mainly focused on the client, so that the first impression is that of a lower price to motivate their purchase decision. For his part, Orchard clearly shows a product orientation, because he tries to offer quality by sacrificing other variables to supply a need.

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3 years ago

Read 2 more answers

Financial statements are prepared: Group of answer choices For corporations, but not for sole proprietorships or partnerships. P

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Answer:

Primarily for the benefit of persons outside of the business organization.

Explanation:

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3 years ago

Innovative Consulting Co. has the following accounts in its ledger: Cash, Accounts Receivable, Supplies, Office Equipment, Accou

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Answer:

Explanation:

The journal entries are shown below:

On Oct 1

Rent expense A/c Dr $ 4,400

To Cash A/c $4,400

(Being payment of rent is made in cash)

On Oct 3

Advertising expense A/c Dr $1,350

To Cash A/c $1,350

(Being payment of adverting expense is made in cash)

On Oct 5

Supplies A/c Dr $ 1,800

To Cash A/c $1,800

(Being payment of supplies is made in cash)

On Oct 6

Office equipment A/c Dr $11,500

To Accounts payable $11,500

(Being purchase of office equipment on account is recorded)

On Oct 6

Cash A/c Dr $8,600

To Accounts receivable $8,600

(Being cash is received from customer is recorded)

On Oct 15

Accounts payable A/c Dr $3,180

To Cash A/c $3,180

(Being payment is made in cash is recorded)

On Oct 27

Miscellaneous expense A/c Dr $700

To Cash A/c $700

(Being expenses is paid in cash is recorded)

On Oct 30

Utilities expenses $550

To Cash A/c $550

(Being telephone expenses is paid in cash is recorded)

On Oct 31

Accounts receivable A/c Dr $37,200

To Fees earned $37,200

(Being feed earned and billed customer is recorded)

On Oct 31

Utilities expenses $830

To Cash A/c $830

(Being electricity expenses is paid in cash is recorded)

On Oct 31

Dividend A/c Dr $2,000

To Cash A/c $2,000

(Being dividend is paid in cash is recorded)

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3 years ago

The rhythmic value of beamed notes is determined by

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A beam is a flat or diagonal line used to attach multiple consecutive notes (and irregularly rests) to designate rhythmic grouping. The rhythmic value can be determined through the number of notes. One beam is 8th note, 2 is 16th, 3 is 32nd, etc. in other words, the first beam touching the stem.

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