Answer:
$34,900
Explanation:
The computation of the ending balance in the Owner's Capital account is shown below:
= Net income + investment
= $29,200 + $5,700
= $34,900
The another method is
Stockholder equity = Total assets - total liabilities
where,
Total assets = Cash + Office supplies + accounts receivable
= $20,800 + $2,700 + $11,400
= $34,900
And, the total liabilities is zero
Now put these values to the above formula
So, the value would equal to
= $34,900 - $0
= $34,900
Answer:
(c)
Explanation:
The leadership grid also called managerial grid is a model propounded by Robert R. Blake and Jane Mouton in 1964.
The model is called leadership grid because it is represented in the form of a grid, with "concern for production" in the x-axis while "concern for people" as the y-axis.
This model identifies the ideal leadership style as one that incorporates a high concern for production while also considering the individuals who take part in the production; the people.
Answer:
$118,000
Explanation:
The formula and the estimation of the direct material used is shown below:
Direct material used = Starting raw material balance + purchase made during the year- ending raw material balance
= $42,000 + $127,000 - $51,000
= $118,000
Adding the purchased amount and deducting the ending raw material balance to the beginning raw material balance for computing the direct material used
Answer:
TRUE
Explanation:
This is known as historical cost, a common term in generally accepted accounting principles (GAAP). It's the original cost recorded in the balance sheet when an asset acquisition is recorded. It takes into consideration all of the items that can be attributed to its purchase and putting the asset to use. These items include the purchase price and such factors as commissions, transportation, appraisals, warranties, installation, and testing. For example, if a company buy a computer system, the original cost can include delivery charges, sales taxes, and setup fees.
Answer:
$313,288.16
Explanation:
Present value is the sum of discounted cash flows
present value can be calculated using a financial calculator
Cash flow in year 1 and 2 = 0
Cash flow in year 3 to 7 = $10,000
I = 10%
Present value = $313,288.16
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
