1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
maxonik [38]
3 years ago
13

The following table contains financial information for Trumpeter Inc. before closing entries:

Business
1 answer:
Diano4ka-milaya [45]3 years ago
5 0

Answer:

Please see details below:

Explanation:

Net Income

Sales  $29.700  

Salaries Expenses  -$4.900  

Miscellaneous Expenses -$20.300  

=================================

Net Income                 $4.500

Balance Sheets

Assets  

Cash  $12.200  

Prepaid Rent $3.800  

Equipment  $66.600  

Supplies  $6.200  

TOTAL ASSETS   $88.800  

Liabilities  

Accounts Payable   $4.200  

TOTAL LIABILITIES   $4.200  

Equity  

Common Stock   $67.400  

Retained Earnings   $17.200  

TOTAL EQUITY   $84.600  

 

Dividends  $3.600  

You might be interested in
Joseph Juran provided guidance regarding how to conduct quality planning, quality control, and quality improvement. Which of the
Grace [21]

Answer:

b. work to identify root causes, not just symptoms.

Explanation:

The main thing on which Joseph Juran focused was on quality, how it could be improved in planning, and performing properly.

This provided for the quality controls, plans, improvements which could be made, but it did not work on finding the causes behind the lack that why it could not be achieved.

Accordingly it did not in manner focused on the finding the symptoms or root causes.

As it was focused on the action of now what can be done.

7 0
2 years ago
The internal rate of return is:
shepuryov [24]

Answer:

The correct answer is letter "A": the discount rate that makes the net present value of a project equal to the initial cash.

Explanation:

The Internal Return Rate, or IRR, is a central component of corporate finance capital budgeting. Companies use it to determine which discount rate will make the Present Value of the after tax cash flows equal to zero (0). Any project that returns an IRR greater than 0 ads has a value.

<em>In the decision-making process, IRR is subordinated to Net Present Value because it is preferred an absolute dollar amount that is higher than a higher IRR.</em>

5 0
3 years ago
A construction company entered into a fixed-price contract to build an office building for $28 million. Construction costs incur
Radda [10]

Answer:

$3.2 million

Explanation:

The revenue and gross profit or loss which the company identify in the first and second year if it recognizes revenue upon contract completion is calculated below.

Total costs = Incurred costs + estimated costs to complete = $8 million + $12 million = $20 million

Revenue to recognize = $8m/$20m*$28m = $11.2 million

Gross Profit = Revenue recognized less costs incurred

= $11.2m - $8m = $3.2 million

4 0
3 years ago
Two years ago, you purchased 100 shares of Coca-Cola Company. Your purchase price was $52 a share, plus a total commission of $2
Kitty [74]

Answer:

The answer is: 2.98%

Explanation:

The dividend yield for the stock during the purchase year can be calculated using the following formula:

  • dividend yield year A = dividend year A / stock price year A

In this case year A is the purchase year.

Dividend yield = $1.55 / $52 = 0.0298 or 2.98%

5 0
3 years ago
9. Sometimes economic goals conflict with one another, therefore societies must prioritize their
GarryVolchara [31]

Answer:

the answer is true. some economic goals do conflict with each other.

6 0
3 years ago
Other questions:
  • Oliver's company is planning the launch of their hybrid cars. The company has included "never-before-seen product benefits in th
    6·1 answer
  • Both lloyd and harry are claiming patent protection for the same invention that each independently created. the rights to protec
    9·1 answer
  • Hisaoki picks up the local newspaper and reads a stinging letter to the editor criticizing his beverage company for supporting a
    12·1 answer
  • Jessica teaches business studies in a reputed college. As part of the curriculum, she needs to demonstrate to her students the s
    11·1 answer
  • Kansas Enterprises purchased equipment for $73,500 on January 1, 2021. The equipment is expected to have a five-year service lif
    9·1 answer
  • If the number of people classified as unemployed is 50,000 and the number of people classified as employed is 250,000, what is t
    12·2 answers
  • Which environmental force did Unibic use in segmenting its market? What is this force about?
    11·1 answer
  • Using the chart below for reference, how would you describe the relationship between the amount of education you receive and the
    6·1 answer
  • Three attraction places found in SA ​
    12·1 answer
  • What is the present value of an ordinary annuity of $500 a year for 6 years assuming an interest rate of 9%?.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!