Answer:
Ending RE 153,000
Explanation:
Retained Earning will be calcualte as follows:
We need to solve for the net incoem in order to solve for ending Retained Rearnings (RE)
Net Income: Revenues - Expenses
Service Revenue 280,000
Salaries Expense (62,000)
Depreciation Expense (5,900)
Supplies Expense (14,000)
Insurance Expense (14,600)
Utilities Expense <u> (20,000) </u>
Net Income 163,500
Retained Earnings 11,500
Net Income 163,500
Dividends (22,000)
Ending RE 153,000
Answer:
He has lost the previous files as he has been replacing them.
Explanation:
When you save a file in your computer, you need to save it with a name that is different from the names of the other files you have in the computer. If you save file with the same name of another file, you will replace that file and will lose the information you had. So according to this, as Jack is saving all his work for the class with the name of the course, it means that he has saved everything with the same name and he has lost the previous files because everytime he saves a new file he replaces the previous one.
Answer:
Variable costs; Diminishing marginal returns; Fixed costs; Do not change.
An individual customer's account receivable is recorded in the customer's ledger account and then summarized with all other customers accounts on the balance sheet as accounts receivable.
Explanation:
The ledger account that provides a subsidiary ledger's account balances is called a control account. The subsidiary ledger collects the transaction data of individual creditors. The accounts received by the subsidiary ledger have a separate account for each customer who makes credit purchases.
The sum of the balances of the subsidiary ledger should equal the balance of related controlling account. it supports the controlling accounts in general ledger.
The balance sheet is the summary of current balances in the firm's Assets, liabilities, and equities accounts.
The common subsidiary ledges are accounts payable ledger, accounts receivable ledger, fixed assets ledger, inventory ledger and purchases ledger.
Answer:
Supply: In economic terms, supply is the amount of resources or products that are provided by the company or an organization to the public or the targeted marketed. For example a toy making company would be providing toys to people with children, who are in need of toys.
Demand: It is an economic concept that states the need of a product or service. People or organizations have needs which are fulfilled by products and services. For example, the need for toys of people with children is known to be their demand which is then fulfilled by companies.
