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stich3 [128]
3 years ago
12

The following accounts appear in an adjusted trial balance of Blaine Auto Service Company. Indicate whether each account would b

e reported in the (a) current assets, (b) property, plant, and equipment, (c) current liabilities, (d) long-term liabilities, or (e) stockholders' equity section of the December 31 balance sheet of Blaine Auto Service Company. 1. Retained Earnings 2. Accumulated Depreciation 3. Unearned Revenues 4. Mortgage Payable (due in 6 months) 5. Equipment Property, Plant, and Equipment 6. Notes Payable (due in two years) 7. Cash Current Assets 8. Accounts Receivable
Business
1 answer:
valkas [14]3 years ago
4 0

Answer:

          Account                                     <u>To be indicated in</u>

1. Retained Earnings                         e) Stockholders' Equity

2. Accumulated Depreciation          b) Property, Plant, and Equipment

3. Unearned Revenues                     c) Current Liabilities

4. Mortgage Payable (due                c) Current Liabilities

    in 6 months)

5. Equipment Property, Plant,           b) Property, Plant, and Equipment

    and Equipment

6. Notes Payable (due in                   d) Long-term Liabilities

    two years)

7. Cash                                                 a) Current Assets

8. Accounts Receivable                      a) Current Assets

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Murljashka [212]

Answer:

c. The firm will make an additional $4200 in income per day if it sells taco shells instead of tortillas.

Explanation:

Tortilla daily revenue: $8000

Tortilla daily cost: $22500

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Taco shell daily cost: $8000 + $4200 = 12200

Additional income if Taco Shells sold instead of Tortillas: $26,700 - 22,500 = $4200

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An oligopoly a. is a type of imperfectly competitive market. b. has a concentration ratio of less than 50 percent. c. is a price
andrew-mc [135]

Answer:

Option A

is a type of imperfectly competitive market

Explanation:

<em>An oligopoly is a market arrangement where a few number of producer/sellers dominate and control the market. </em>

<em>Usually, in this type of imperfect ,market, firms would always need to collude to increase their prices for their  products which are relatively differentiated products</em>

These firm together have a concentration ratio of more than 50% i.e they control more than 50% of  the entire market share.

Answer

is a type of imperfectly competitive market

7 0
3 years ago
The relationship between the number of years for the mortgage / home loan and the monthly payment amount.
dsp73

Answer:

If A = { a , c , e } , B = { b , c , d ) and C = { a , c , d , f ) , find n ( A n B n C)

4 0
2 years ago
Find the after-tax return to a corporation that buys a share of preferred stock at $50, sells it at year-end at $50, and receive
enyata [817]

Answer:

After tax Return is $3.50

After tax rate of return is 7.00%

Explanation:

Purchase Price = $50

Price at the end of the year = $50

Dividend Received =$5

Return on share = Dividend + Gain on share price

Return on share = $5 + ( $50 - $50 )

Return on share = $5 + $0

Return on share = $5

After tax return = $5 x ( 1 - 0.3 ) = $5 x 0.7 = $3.5

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Rate of return on share = 7%

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3 years ago
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