Answer:
b. $1,000
Explanation:
In this question we have to apply the unitary method which is shown below:
Given that
Payment = $20,000
Number of gallons of water = 5,000,000
Extracts = 250,000 gallons
So, the total depletion would be
= (Payment × extracted gallons) ÷ (Number of gallons of water)
= ($20,000 × 250,000 gallons) ÷ (5,000,000 gallons)
= $1,000
Answer & Explanation:
Most balance sheets are arranged according to this equation:
Assets = Liabilities + Shareholders’ Equity
The equation above includes three broad buckets, or categories, of value which must be accounted for:
1. Assets
An asset is anything a company owns which holds some amount of quantifiable value, meaning that it could be liquidated and turned to cash. They are the goods and resources owned by the company.
Assets can be further broken down into current assets and noncurrent assets.
- Current assets are typically what a company expects to convert into cash within a year’s time, such as cash and cash equivalents, prepaid expenses, inventory, marketable securities, and accounts receivable.
- Noncurrent assets are long-term investments that a company does not expect to convert into cash in the short term, such as land, equipment, patents, trademarks, and intellectual property.
2. Liabilities
A liability is anything a company or organization owes to a debtor. This may refer to payroll expenses, rent and utility payments, debt payments, money owed to suppliers, taxes, or bonds payable.
As with assets, liabilities can be classified as either current liabilities or noncurrent liabilities.
- Current liabilities are typically those due within one year, which may include accounts payable and other accrued expenses.
- Noncurrent liabilities are typically those that a company doesn’t expect to repay within one year. They are usually long-term obligations, such as leases, bonds payable, or loans.
3. Shareholders’ Equity
Shareholders’ equity refers generally to the net worth of a company, and reflects the amount of money that would be left over if all assets were sold and liabilities paid. Shareholders’ equity belongs to the shareholders, whether they be private or public owners.
Just as assets must equal liabilities plus shareholders’ equity, shareholders’ equity can be depicted by this equation:
Shareholders’ Equity = Assets - Liabilities
— Courtesy of Harvard Business School
I hope this helped! :)
Answer:
31
Explanation:
The calculation of indifferent between your current mode of operation and the new option is shown below:-
Current Operation
Contribution Margin = Monthly Fees - Variable Cost
= $734.00 - $91.00
= $643.00
Total Fixed Cost = Rent and Utilities + Salaries + Insurance
= $5,435.00 + $6,171.00 + $1,545.00
= $13,151.00
New Operation
Contribution Margin = Monthly Fees - Variable Cost
= $1,054.00 - $158.00
= $896.00
Total Fixed Cost = Rent and Utilities + Salaries + Insurance
= $11,679.00 + $6,974.00 + $2,408.00
= $21,061.00
Here we will assume the indifferent number of students will be X
So,
Income under current option = Income under new option
$643.00 × X - $13,151.00 = $896.00 × X - $21,061.00
$253X = $7,910
X = $7,910 ÷ $253
= 31.26
or
= 31
Answer:
April 1
J1
Trade Receivable - Mann Company $5,500 (debit)
Revenue $5,500 (credit)
J2
Cost of Goods Sold $2,500 (debit)
Merchandise $2,500 (credit)
April 2
Merchandise $9,000 (debit)
Trade Payable - Wild Corporation $9,000 (credit)
April 4
Merchandise $1,000 (debit)
Trade Payable - Ryan Company $1,000 (credit)
April 10
J1
Discount Allowed $110 (debit)
Trade Receivable - Mann Company $110 (credit)
J2
Cash $5,390 (debit)
Trade Receivable - Mann Company $5,390 (credit)
April 11
Trade Payable - Wild Corporation $9,000 (debit)
Cash $9,000 (credit)
Explanation:
Note : Leiss uses the perpetual inventory system
Therefore,
Recognize the Cost of Goods Sold with each sale that is made.
I believe the answer is Medusa Stage.
Medusa is <span> form of cnidarian which body is very similar to an umbrella and they are able to free swimming around the environment unlike the other type and hey also tend to have tentacles to catch their preys. One example of this is Jellyfishes.</span>
