Answer:
2.75x + 3.25y = 172.50 ... Equation 1
x + y = 60 ... Equation 2
Explanation:
Where x = number of pineapple smoothies and
y = number of mango smoothies
Also given that, cost of pineapple smoothies = $ 2.75
and cost of mango smoothies = $ 3.25
The total sales made by the company is the addition of the sum made from mango smoothies and pineapple smoothies.
Total amount made from pineapple smoothies = cost of pineapple smoothies × number of pineapple smoothies sold
= 2.75 × x
= 2.75x
Total amount made from mango smoothies = cost of mango smoothies × number of mango smoothies sold
= 3.25 × y
= 3.25y
Therefore where total sales = $172.50
2.75x + 3.25y = 172.50
Also, since there were 60 cups used in all. Where a cup is used for a smoothie,
x + y = 60
Therefore the equations representative of the situation are
2.75x + 3.25y = 172.50
and
x + y = 60
Answer:
a. Other Comprehensive income for 2020 = Unrealized holding loss = -$10.9 million
b. Comprehensive income for 2020 = Net income - Unrealized holding loss = $1,245.7 million -$10.9 million = $1,234.8 million
c. Accumulated other comprehensive income at December 31, 2020 = Accumulated other comprehensive income - Other Comprehensive income for 2020 = $57.2 million - $10.9 million = $46.3 million
Answer:
Luney Corporation is authorized to sell 100000 shares
luney has issued = 70000 shares
luney has shares outstanding 63000
Explanation:
given data
maximum shares of common stock = 100,000
sold shares = 70,000
reacquired = 7,000
solution
we know here 100000 shares are mention in charter of the company
so Luney Corporation is authorized to sell 100000 shares
and luney has issued = 70000 shares
so here
we know that
luney has shares outstanding = 70000 - 7000
luney has shares outstanding 63000
Answer:
Cowboy Law Firm
Income Statement
Service revenue $7,600
<u>Expenses:</u>
Salaries expense $1,350
Utilities expense $1,000
Total expenses <u>$2,350</u>
Net income <u>$5,250</u>
Answer:
Dr Commissions earned 84,900
Cr Income summary 84,900
Dr Income summary 55,900
Cr Wages Expense 36,000
Cr Insurance Expense 1,900
Cr Utilities Expense 8,200
Cr Depreciation Expense 9,800
Dr Income summary 29,000
Cr Retained earnings 29,000
The balance of the retained earnings account is $101,100 after all temporary accounts have been closed.
