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olganol [36]
3 years ago
7

Listed below in alphabetical order are the balance sheet items of Nolan Company at December 31, 2022

Business
1 answer:
Alex Ar [27]3 years ago
5 0

Answer and Explanation:

The preparation of the balance sheet is presented below:

Assets

cash  $11,000

account receivable $15,000

equipment $10,000

buidlings $65,000

land $31,000

Total assets $132,000

Liabilities and stockholder equity

Account payable $11000

common stock $80,000

retained earnings $41,000

Total Liabilities and stockholder equity $132,000

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The hindsight bias and overconfidence, plus our eagerness to perceive patterns in random events, can cause tendencies that may lead us to overestimate our intuition. Intuition and intellect are not always accurate, therefore these factors are not trustworthy compared to scientific facts or scientific inquiry which can help us overcome our intuition’s biases and shortcomings.
6 0
3 years ago
So like is there anyone that likes twillzlers (yes ik i cant spell), trips on hot pockets, is really nice, likes orange and blue
antiseptic1488 [7]
Everything but the twizlers I don’t like them lol sorry -
5 0
2 years ago
The following costs result from the production and sale of 5,000 drum sets manufactured by Tight Drums Company for the year ende
hammer [34]

Answer and Explanation:

The preparation of the contribution margin income statement for the company is presented below:

                                 Tight Drums Company

                    Contribution margin income statement

                    For the year ended December 31, 2017

Sales (5,000 drums × $350)      $1,750,000

Less: Variable cost

Plastic for casing -$185,000

Wages of assembly workers $510,000

Drum stands $230,000

Variable selling costs

Sales commissions $175,000

Total variable cost                                         -$1,100,000

Contribution margin                                        $650,000

Less: Fixed cost

Fixed manufacturing costs

Taxes on factory $5,000

Factory maintenance $10,000

Factory machinery depreciation $70,000

Fixed selling and administrative costs

Lease of equipment for sales staff $10,000

Accounting staff salaries $60,000

Administrative management salaries $140,000

Total fixed cost                                                          -$295,000

Net operating income                                                 $355,000

Less: income tax expense at 25%                             -$88,750

Net income                                                                   $266,250

We simply deduct the variable cost and fixed cost from the sales revenue so that the net operating income could come and then deducted the income tax expense so that net income could arrive

4 0
3 years ago
Which statements indicate that Rick’s company is a limited liability company? Rick Douglas is a bright and passionate lighting d
uranmaximum [27]

The statements are:

Because Dazzle is not a separate tax entity, all the owners declare revenue earned through the company on their personal federal tax returns.

The $5 million dollar villa is protected from business liabilities unless the liability is incurred through wrongful acts.

4 0
3 years ago
Sorry i accidently did this. do not know how to work
san4es73 [151]

Answer:

sorry for u

Explanation:

will they barn u

6 0
2 years ago
Read 2 more answers
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