All categories

2 years ago

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

Business

1 answer:

Alex Ar [27]2 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

You might be interested in

The Yamaha Aggressive Growth Fund has an expense ratio of 1.83 percent. If you invest $58,500 in this fund, what is the dollar a

astra-53 [7]

Answer:

$1070.55

Explanation:

Expense ratio is the fee charged by fund managers for managing your investment.

so if you invest $58,500 assuming no return this year, the fee deductible would be simply 1.83% of $58,500

This amounts to $1070.55

Hope this helps.

3 0

3 years ago

Help-. You and a friend are designing and selling artisan smartphone covers. The covers are decorated with tiny manufactured rhi

GuDViN [60]

I believe it would be capital. You have to invest in the jewels to complete the cases.

8 0

3 years ago

The diffusion of innovation refers to the rate at which consumers ______ a given product or service.

Yuri [45]

Answer:

adopt

Explanation:

4 0

2 years ago

Presented below is information related to Bobby Engram Company.

Natasha_Volkova [10]

Answer:

A. $ 98,210

B1. Cost to retail percentage 60%

B2. Cost to retail percentage 65.73 %

B3. Cost to retail percentage 58 %

B4. Cost to retail percentage 63.33 %

Explanation:

A. Computation for the ending inventory at retail

Inventory at Retail

Beginning Inventory $ 100,000

Purchase ( Net ) $ 200,000

Net Markup $ 10345

Less Net Markdown ($26,135)

Less Sales Revenue ($ 186,000)

Ending Inventory $ 98,210

Therefore the ending inventory at retail will be $ 98,210

B1) Computation for a cost-to-retail percentage

Excluding both markups and markdowns.

Cost to Retail Percentage

Excluding both Markup and Markdown

Cost Retail

Beginning Inventory $ 58,000 $ 100,000

Purchase (Net) $ 122,000 $ 200,000

Total $ 180,000 $ 300,000

Cost to retail percentage = $180,000/$300,000 Cost to retail percentage = 60%

B2. Computation for a cost-to-retail percentage Excluding Markups but Including Markdown

Cost Retail

Beginning Inventory $ 58,000 $ 100,000

Purchase (Net) $ 122,000 $ 200,000

Less Mark down ($ 26,135)

Total $ 180,000 $273,865

Cost to retail percentage= $180,000 /$ 273,865*100

Cost to retail percentage= 65.73 %

B3. Computation for a cost-to-retail percentage Excluding Markdowns but including Markups

Cost Retail

Beginning Inventory $ 58,000 $ 100,000

Purchase Net $ 122,000 $ 200,000

Add Net Markups $ 10,345

Total $180,000 $ 310,345

Cost to retail percentage = $180,000 / $ 310,345*100

Cost to retail percentage = 58 %

B4. Computation for a cost-to-retail percentage Including both Markups and Markdown

Cost Retail

Beginning Inventory $58,000 $100,000

Purchase Net $ 122,000 $ 200,000

Net Markups $ 10,345

Less Net Mardown ($26,135)

Total $ 180,000 $ 284,210

Cost to retail percentage = $ 180,000/ $ 284,210 × 100

Cost to retail percentage = 63.33 %

Therefore the cost-to-retail percentage are:

B1. Cost to retail percentage 60%

B2. Cost to retail percentage 65.73 %

B3. Cost to retail percentage 58 %

B4. Cost to retail percentage 63.33 %

8 0

2 years ago

In what situations is top-down planning likely to be superior to bottom-up emergent strategy development

Marianna [84]

Answer is given below :

Explanation:

Both strategies aim to convey and process knowledge between and within the organization. The top-down approach for sub-categories to gain insights at the senior management level breaks down a system.
This is a great tool to help managers identify areas of improvement using quota and monthly matrix goals. There are flaws in this strategy, employees are not involved in the process and managers do not understand the full impact of the changes made.
Morality can be affected because this strategy is motivated by fear and encouragement. The bottom line is that in some cases it is more complex, although employees feel motivated to provide more authority and quality work. The information is processed to a minimum and communicated to management.
This may help in some areas because administrators may not fully understand the process. I should use the military as an example for a top down strategy.
It works on the battlefield when there is no time to discuss or motivate employees. Top down is used when there is a slight change in environmental factors.

5 0

2 years ago