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3 years ago

Can anyone help with solving a Budgeted Balance Sheet? or unlcok a chegg so I can see what they did please and thank you.

Business

1 answer:

Scrat [10]3 years ago

4 0

Answer:

If you need another chegg link just ask :)

Explanation:

Last one: Accounts payable balance

Particulars $

Beginning balance 14500

Add: Direct material purchase-35000*30% 10500

Total 25000

Less: beginning balance paid (14500)

Ending balance 10500

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Under current accounting practice, intangible assets are classified as________.

sweet [91]

Answer:

b. limited-life or indefinite-life.

Explanation:

As we know that as per current accounting practice, intangible assets are classified as Limited-life or indefinite-life.

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3 years ago

Wims, Inc., has sales of $15.2 million, total assets of $9.8 million, and total debt of $3.7 million. The profit margin is 6 per

lianna [129]

Answer:

A) 912,000 net income

B) ROA = 9.31%

C) ROE = 14.95%

Explanation:

a) net income:

$\frac{income}{sales} =$profit margin$

sales x profit margin = net income

15,200,000 x 6% = 912,000 net income

b) ROA = return on assets

$\frac{income}{assets} =$Return on Assets$

912,000/9,800,000 = 0,0930612 = 9.31%

b) ROE = return on equity

we use accounting equation to solve for equity:

aasets = liab + equity

9.8 M = 3.7M + E

E = 9.8 - 3.7 = 6.1

$\frac{income}{equity} =$Return on Equity$

912,000/6,1000,000 = 0,1495081 = 14.95%

7 0

4 years ago

The Divirgil Company Net Income is $100. Given the following items:Purchase of debt securities (trading) $7Amortization of premi

Darya [45]

Answer:

a. $74

Explanation:

The computation in the change in cash for the year is shown below:

Net income $100

Less: Purchase of Debt Securities -$7

Less: Amortization of Premium on Bonds payable -$4

Less: Purchase of Treasury Stock -$5

Less: cash Dividends paid -$10 {($100 - $92) + $2}

Change in Cash $74

Hence, the correct option is A. $74

We simply deduct all the items from the net income so that the change in cash could come

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3 years ago

How will the organization obtain cash to operate concession stands and provide

ankoles [38]

Answer:

Take inventory of all existing equipment and supplies. ...

Step out of the stand and view it from the outside. ...

Mentally walk through a transaction involving each type of menu item you sell. ...

Consider the customer's need for counter space.

Explanation:

Brainliest

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3 years ago

A company uses flexible budgets. At normal capacity of 8,000 units, budgeted manufacturing overhead is: $64,000 variable and $18

Alex_Xolod [135]

Answer:

$2,000 favorable

Explanation:

The computation is shown below:

= Actual overhead cost - budgeted flexible costs

where,

Actual overhead cost = $250,000

And, the budgeted flexible cost would be

= Number of units produced × variable cost per unit + fixed cost

= 9,000 units × $8 + $180,000

= $72,000 + $180,000

= $252,000

The variable cost per unit would be

= $64,000 ÷ 8,000 units

= $8

So, the difference would be

= $250,000 - $252,000

= $2,000 favorable

3 0

3 years ago