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iragen [17]
3 years ago
6

From the following list of selected items taken from the records of Bobcat Appliance Service as of a specific date, identify tho

se that would appear on the balance sheet and those that would appear on the income statement:1. Accounts Receivable2. Cash3. Common Stock4. Fees Earned5. Land6. Supplies7. Supplies Expense8. Utilities Expense9. Wages Expense10. Wages Payable
Business
1 answer:
Gennadij [26K]3 years ago
7 0

Answer:

Balance sheet:

Accounts receivable

Cash

Common stock

Land

Supplies

Wages payable

Income statement:

Fees earned

Supplies expense

Utilities expense

Wages expense

Explanation:

Accounts receivable, cash, land, and supplies are assets while wages payable is a liability while common stock is owner's equity, all of which are balance sheet items.

Besides, fees earned are a revenue item while utilities , suplplies  and wages expenses would appear in the income statement.

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An increase in debit balances means more investing by naive investors and would be a bearish indicator.
labwork [276]

Answer:

b) false

Explanation:

An increase in debit balances means more investing by naive investors and would be a bearish indicator.

A debit balance can be regarded as account balance that has positive balance at the left side of the account.

Some of the Accounts with debit balance are;expenses as well as

assets and losses. Some of these accounts Examples could be fixed assets accounts receivable as well as fixed assets. Some Contra accounts usually have debit balances , some of theses are;contra equity and contra liability. Typical example is the treasury stock account. bearish harami which can be regarded as candlestick chart indicator, ,that is responsible for reversal as regards bull price movement.

4 0
3 years ago
A new accountant at Windsor, Inc. is trying to identify which of the following amounts should be reported as the current asset "
seropon [69]

Answer:

The balance should Windsor report as its "Cash and cash equivalents" balance at April 30, 2017 is $19,410

Explanation:

The computation of the "Cash and cash equivalents" balance at April 30, 2017  is shown below:

= Currency amount + U.S treasury bill + check received in April month + checking account + saving account

= $70 + $11,100 + $300 + $2,730 + $5,210

= $19,410

The other given transactions would not be included because there is no outflow and inflow of cash for the April month. Hence, ignored it

5 0
3 years ago
27) Cooley Landscaping Company needs to borrow $30,000 for a new front-end dirt loader. The bank is willing to loan the funds at
viva [34]

Answer:

The annual payment at the end of each year: $4,572.23

Explanation:

The formular for calculating Present value of Annuity is applied in this case to help us find the equal annual payment.

Applying information in the question, we have the annuity that have:

n= 10 as there are 10 equal annual payments paid at the end of each year during 10 years;

i = 8.5% per annum compounded annually, as stated in the question;

PV = Borrowed amount = $30,000;

C = the equal annual payment.

The formular for PV of Annuity: PV = (C/i) x [ 1- (1+i)^(-n)] <=> C = (PV x i) / [ 1- (1+i)^(-n)]

Thus, C = (30,000 x 8.5%) / [ 1- 1.085^(-10) ] = $4,572.23

7 0
4 years ago
A country has constant opportunity cost of production. If they devote all of their resources to the production of blankets they
Zigmanuir [339]

Answer: 2.75 blankets.

Explanation:

The opportunity cost is the value of a good that is sacrificed by choosing some other alternative. So, there are certain costs associated with the consumption of some goods.

In our case,

Opportunity cost of producing 1 shirt = \frac{810}{294}

                                                              = 2.75 blankets

Opportunity cost of producing 1 shirt is 2.75 blankets which means that 2.75 blankets have to be foregone to produce 1 shirt.

7 0
3 years ago
John Chong is an inexperienced entrepreneur in global business. He wants to sell his product, Zulu doll, a toy for kids below th
SSSSS [86.1K]

Answer:

c. identification of the basic appeal for markets

Explanation:

As John is an inexperienced businessman and wants to sell his Zulu doll product, a toy for children who have less than 8 years in every part of the world and want to keep the cost low

So first thing he should do is feasible study whether his product is feasible or not and then identify the market with respect to the price, quality, competitors, etc so that he get a good idea

7 0
4 years ago
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