How do a traditional economy, a market economy, a command economy, and a mixed economy differ?

The following account balances were taken from the adjusted trial balance of Kendall Company: Revenues $ 22,400 Operating Expens

dsp73

Answer:

Retained earnings-Closing = $19,900

Explanation:

Given that,

Revenues = $22,400

Operating Expenses = $15,000

Dividends = $4,500

Retained Earnings(opening) = $17,000

Net Income = Revenues - Operating expenses

= $ 22,400 - $15,000

= $7,400

Statement of Retained Earnings:

Retained earnings-Closing:

= Retained earnings -opening + Net Income - Dividends

= $17,000 + $7,400 - $4,500

= $19,900

7 0

3 years ago

These items are taken from the financial statements of Coronado Industries at December 31, 2017. Buildings $105,800 Accounts rec

swat32

Answer:

Assets: Liabilities:

Current Assets Current Liabilities

Cash 11,840 Accounts payable 9,500

Accounts receivable 12,600 Notes payable(current) 13,600

Prepaid insurance 3,200 Interest payable 3,600

Total current assets: 27,640 Total Current Liab 26,700

Fixed assets: Long-term Liabilities:

Buildings (net) 60,200 Note Payable: 80,000

Equipment (net) 63,680 Total Liabilities 106,700

Land 61,200 Equity:

total fixed assets: 185,080 Common stock 60,000

RE 46,020

Total Equity 106,020

Total Assets: 212,720‬ Total Liab + E 212,720

Explanation:

for RE we need to calculate the net income

income:

Service revenue 14,700

Insurance expense ( 780 )

Depreciation expense ( 5,300 )

Interest expense ( 2,600 )

Net income: 6,020

RE 40,000 + 6,020 = 46,020

for note payable we split the current and long term portion

93,600 - 13,600 = 80,000 long term debt

te rest is self-explanatory

8 0

3 years ago

in your own opinion, how importance having a security tools, privacy, social networking, employment contacts in hotel and why?

Nadya [2.5K]

Answer:

It's important

Explanation:

Because maybe when you stay in hotel and then you have your things then you actually die in accident in the hotel then if someone or forensics or policemen/policewoman want your details she/he will check your room gotel

6 0

3 years ago

Which two tasks does a geologist perform?

USPshnik [31]

They study earth and the materials it's made from.

4 0

3 years ago

review the statements below and select the ones that are correct regarding the days' sales in inventory ratio. (check all that a

aleksley [76]

The physical count is used to bring the inventory balance in the Inventory account up to date.furthermore, The actual count is utilized to decide whether there has been any burglary, misfortune, harm or mistakes in stock.

How is Days Sales of Inventory calculated?

Days Sales of Inventory is calculated as follows:Days Sales of Inventory = COGS x (Average Inventory x 365).

What exactly is Days Sales of Inventory, or DSI?

A financial ratio known as days sales of inventory (DSI) depicts the average number of days it takes a company to sell its inventory, including work in progress goods.

Learn more about Sales of Inventory here:

brainly.com/question/13199620

#SPJ4

5 0

1 year ago