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3 years ago

Yard Designs (YD) experienced the following events in 2018, its first year of operation:

Business

1 answer:

Natasha_Volkova [10]3 years ago

5 0

Answer:

assets = liabilities + equity

cash deferred revenue retained earnings

1) $40,800 $40,800

2) $0 -$,6800 $6,800

$40,800 $34,000 $6,800

revenues - expenses = net income cash flows

1) $0 $0 $0 $40,800 OA

2) $6,800 $0 $6,800 $0 OA

$6,800 $0 $6,800 $40,800 NC

b) Yard Designs

Income Statement

For the year ended December 31, 2018

Revenues $6,800

Expenses $0

Net income $,6800

Yard Designs

Balance Sheet

For the year ended December 31, 2018

Assets:

Cash $40,800

Total assets $40,800

Liabilities:

Deferred revenue $34,000

Equity:

Retained earnings $6,800

Total liabilities and equity $40,800

Yard Designs

Statement of Cash Flows

For the year ended December 31, 2018

Cash flows from operating activities:

Net income $6,800

Adjustments to net income:

Increase in deferred revenue $34,000

Net cash flow from operating act. $40,800

Cash flows from investing activities: $0

Cash flows from financing activities: $0

Net increase in cash $40,800

Initial cash balance $0

Ending cash balance $40,800

c) $34,000

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Cominsky Company purchased a machine on July 1, 2021, for $28,000. Cominsky paid $200 in title fees and county property tax of $

sammy [17]

Answer:

Deprecation base=$26,300

Explanation:

Given Data:

Cost of machine=$28,000

Tax=$125

Fees=$200

Shipping charges=$500

Paid to contractor to build and wire a platform for the machine=$475

Salvage value=$3000

Useful life = 6 years

Required:

Depreciation base of Cominsky's new machine=?

Solution:

Deprecation base=Acquisition Cost-Salvage Value

Acquisition Cost:

It is the cost which involves the buying of asset and making the asset to work. In our case:

Acquisition Cost=Cost of machine+Tax+Fees+Shipping charges+Paid to contractor to build and wire a platform for the machine

Acquisition Cost=$28,000+$125+$200+$500+$475

Acquisition Cost=$29300

Deprecation base=Acquisition Cost-Salvage Value

Deprecation base=$29300-$3000

Deprecation base=$26,300

5 0

3 years ago

In general, the better candidates for shortening are: Early tasks opposed to later tasks. Later tasks opposed to early tasks. Bu

Vesnalui [34]

Answer:

Early tasks opposed to later tasks.

Explanation:

Shortening is a strategic procedure used by project managers to reduce or shorten a project's duration by cutting the duration of critical path tasks.

The rationale behind shortening of a project is basically to have a competitive advantage or edge in the market. In order to compete successfully, project managers are always expected to be spontaneous in bringing their company's goods and services to the market in a flash.

There are two important ways of shortening a particular project, these are;

1. Crashing.

2. Task splitting.

In project management, the longest task is considered to be the most effective and efficient candidate activities to shorten a project's duration.

In general, the better candidates for shortening are early tasks opposed to later tasks. The early start of tasks represents one of the primary date used in project scheduling and it's the earliest date a project manager commences an activity, with respect to all its predecessors and successors.

Early tasks usually involves the use of an easy approach to project kickoff while later tasks uses the difficult approach.

8 0

3 years ago

Which of the following is an example of a non-profit organization?

Anna007 [38]

Answer: Salvation army

Explanation: Non profit organisations are those organisation, which perform their operation with the objective of social welfare or charity.

Salvation army is a charitable organisation having more than 1.7 million members all over the world, whom they refer to as soldiers. This organisation mainly serves to the poor and hungry.

Thus, we can conclude that the right option is D.

8 0

3 years ago

The 20% off sale is a better deal than the $200 rebate or $150 coupon for the $1,500 dining set. The Porters budgeted $1,250 for

vovikov84 [41]

Answer:20% off is better and it is the only offer which is under the budget.

Explanation:Given,

The original cost of the dining set = $ 1,500,

If there is a off of 20%,

Then the discount on dinning table = 20% of 1500

= $ 300

So, the final amount of the dinning table after 20% off = 1500 - 300 = 1200 < 1250

Thus, it under the budget.

Now, in $ 200 rebate,

The new cost of the dinning table = 1500 - 200 = $ 1300 > 1250,

Thus, it is not under budget.

While, In $150 coupon,

The new cost of the dinning table = 1500 - 150 = $ 1350 > 1250,

Thus, it is not under budget.

5 0

3 years ago

Read 2 more answers

Which of the following is a potential safety hazard?

maxonik [38]

Umm... I can't find the choices... So, those are the choices I made up that are correct to your question.

Spills covering grounds or falling hazards, such as blocked paths or cords going over the ground.
Working from heights, including ladders, scaffolds, roofs, or an elevated workspace.
Unguarded device and moving machine pieces; guards dismissed or moving pieces that a worker can unintentionally touch.

6 0

3 years ago

Read 2 more answers