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Nookie1986 [14]
3 years ago
9

Question 3 of 20

Business
1 answer:
Nat2105 [25]3 years ago
5 0
I think that the answer would be D
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In a balanced balance sheet, if liabilities are $2,000 and owner’s equity is $3,300, what must assets be ____?
TEA [102]

Answer:

5300

Explanation:

assets=equitys +liabilities

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2 years ago
...<br><br><br><br><br>Great <br><br>-----------------
Vilka [71]

Answer:

Thanks for the points.

Explanation:

6 0
3 years ago
Yozamba Technology has two divisions, Consumer and Commercial, and two corporate service departments, Tech Support and Purchasin
kipiarov [429]

Answer:

Yozamba Technology

Divisional Income Statements:

                                  Consumer       Commercial        Total

Revenues                 $7,430,000        $6,184,000    $13,614,000

Cost of goods sold     4,123,000          3,125,000       7,248,000

Gross profit              $3,307,000      $3,059,000    $6,366,000

Operating expenses  1,465,000          1,546,000        3,011,000

Corporate expenses:

Tech Support               322,500             193,500          516,000

Purchasing                      31,360               58,240           89,600

Other corporate administrative expenses                  560,000

Total expenses       $1,818,860          $1,797,740     $4,176,600

Net income (loss)    $1,488,140         $1,261,260     $2,189,400

Explanation:

a) Data and Calculations:

Corporate expenses for the year ended December 31, 20Y7:

Tech Support Department                         $516,000  Number of computers

Purchasing Department                                 89,600  Number of POs

Other corporate administrative expenses 560,000

Total corporate expense                         $1,165,600

Usage of Service:

                                 Tech Support          Purchasing

Consumer Division    375 computers     1,960 purchase order

Commercial Division 225                       3,640

Total                           600 computers    5,600 purchase order

Overhead Rates:

Tech Support = $860 per computer ($516,000/600)

Purchase = $16 per purchase order ($89,600/5,600)

Allocation of Corporate Expenses:

                                     Tech Support     Purchasing     Total

Consumer Division           $322,500        $31,360        353,860

                                       (375 * $860)     (1,960 * $16)

Commercial Division            193,500        58,240          251,740

                                      (225 * $860)     (3,640 * $16)

Total                                   $516,000      $89,600      $605,600

3 0
2 years ago
Flash Co. uses the allowance method to account for bad debts. At the end of 2010, Flash Co.'s unadjusted trial balance shows an
nevsk [136]

Answer:

7500

Explanation:

4 0
3 years ago
Read 2 more answers
Unless an extension is given, a federal income tax return must be filed for the preceding tax year by
Nesterboy [21]

Answer:

April 15

Explanation:

3 0
3 years ago
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