Which component of table setting includes knives?

The Doak Company has projected the following quarterly sales amounts for the coming year:

tester [92]

Answer: Check attachment

Explanation:

The cash collection was calculated as:

a. (90-45)/90 = 1/2

Q1 = 1700 + (1/2 × 3900)

= 1700 + 1950

= 3650

Q2 = 1950 + (1/2 × 4700)

= 1950 + 2350

= 4300

Q3 = 2350 + (1/2 × 4300)

= 2350 + 2150

= 4500

Q4 = 2150 + (1/2 × 3600)

= 2150 + 1800

= 3950

Check the attachments for further information.

6 0

3 years ago

Levi Corporation (a U.S. company) has several transactions with foreign entities. Each transaction is denominated in the local c

alukav5142 [94]

Answer: $1500 loss

Explanation:

From the question, On December 2, 20X1, Levi sold confectionary items to a foreign company by selling at a price of 50,000 yen when direct exchange rate was 1 yen = $1.15.

Sale value in dollar = 50,000 × 1.15

= $57500

The account has not been settled as of the year ended December 31, 20X1, when exchange rate had changed to 1 yen = $1.12.

Sale value in dollar = 50,000 × 1.12

= $56000

Foreign exchange loss:

= $57500 - $56000

= $1500 loss

3 0

3 years ago

Following are the accounts and balances from the adjusted trial balance of stark company

Lorico [155]

Answer:

STARK COMPANY

INCOME STATEMENT

FOR THE YEAR ENDED DECEMBER 31

PARTICULARS AMOUNT $

Service Revenue 20,000

Expenses

Supplies expense 200

Interest expense 500

Insurance expense 1,800

Utilities expense 1,300

Depreciation expense 2,000

Wages expense 7,500

Total expenses 13,300

Net profit 6,700

STARK COMPANY

STATEMENT OF RETAINED EARNINGS

FOR THE YEAR ENDED DECEMBER 31

Amount $

Retained earnings December 31 prior year end 14,800

Add- Net income 6,700

Less- Dividends 3,000 3,700

Retained earnings, December 31 Current year end 18,500

3. STARK COMPANY

BALANCE SHEET FOR THE YEAR ENDED DECEMBER 31

Current Assets

Cash 10,000

Accounts receivable 4,000

Office supplies 800

Prepaid insurance 2,500

Total current asset 17,300

Non Current Assets

Buildings 40,000

Less- Accumulated dep. 15,000

Total Non Current Assets 25,000

Total Assets 42,300

Liabilities

Current liabilities

Accounts payable 1,500

Interest payable 100

Notes payable 11,000

Unearned revenue 800

Wages payable 400

Total Current liabilities 13,800

Long term liabilities

Common stock 10,000

Retained earnings 18,500 28,500

Total liabilities and capital 42,300

7 0

3 years ago

In a task assignment situation, in how many different ways can five jobs be assigned to five machines if each job must be assign

Tcecarenko [31]

120
The simple answer is that 5 items can be arranged 5! (5 factorial) different ways. But let's expand upon that brief answer. We have 5 jobs and 5 machines with which to perform those jobs. So let's look at the 1st machine. Any of 5 of the jobs may be assigned to it. Now we have 4 jobs left unassigned. So let's look at the 2nd machine. For that machine, any of the 4 remaining jobs may be assigned to it, leaving 3 unassigned jobs. We can continue in that fashion, assigning at random one the of 3 remaining jobs to the 3rd machine, one of the 2 remaining jobs to the 4th machine, and finally, the only unassigned job to the 5th machine. So there's 5 * 4 * 3 * 2 * 1 = 5! = 120 different ways to assign those 5 jobs to all 5 machines.

3 0

3 years ago

When preparing the statement of owner's equity, the beginning capital balance can always be found a.on the statement of cash flo

Paladinen [302]

When preparing the statement of owner's equity, the beginning capital balance can always be found in the general ledger.

A general ledger is a book keeping ledger which shows the set of numbered accounts a business uses to keep track of its financial transactions and to prepare financial reports.
Each account is a unique record summarizing a specific type of asset, liability, equity, revenue or expense.
The general ledger consists of all the individual accounts needed to record the assets, liabilities, equity, revenue, expense, gain, and loss transactions of a business. In most cases, detailed transactions are recorded directly in these general ledger accounts.
It helps you look at the bigger picture. Accounts including assets (fixed and current), liabilities, revenues, expenses, gains, and losses.

Thus the correct answer is option D.

To learn more about general ledger, refer: brainly.com/question/1436327

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6 0

2 years ago