All categories

3 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]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

You might be interested in

Mary trades in that involves buying and selling of stocks and mutual funds. She is a major shareholder and the CEO of a large co

Damm [24]

ExplanatMary trades in paper assets that involves buying and selling of stocks and mutual funds. She is a major shareholder and the CEO of a large corporation. She needs capital to expand the company. Mary can raise capital by issuing bonds. This will assure lenders that Mary’s company will repay the loan.

8 0

4 years ago

1. The Whitehall study found the following link between stress, our position on the social hierarchy, and how we put on weight:

Iteru [2.4K]

The answer for this is A

3 0

3 years ago

Effie Company uses a periodic inventory system. Details for the inventory account for the month of January, 2018 are as follows:

masya89 [10]

Answer:

B) 1282

Explanation:

Units Per unit price Total

Balance, 1/1/18 200 $5.00 $1,000

Purchase, 1/15/18 100 $5.30 $530

Purchase, 1/28/18 100 $5.50 $550

total 400 $2,080

Balance, 1/31/18 140 $762

the first in, first out inventory method assigns cost of goods sold to the oldest merchandise available, so the 1/31/18 inventory's balance = (100 x $5.50) + (40 x $5.30) = $550 + $212 = $762

So COGS = $2,080 - $762 = $1,318

gross profit = revenue - COGS = [(400 - 140) x $10] - $1,318 = $2,600 - $1,318 = $1,282

3 0

3 years ago

3. Wholesalers and retailers are commonly referred to as

lesya [120]

Answer:

Explanation:

3. Trade Business ... including any and all business that buy from others companies to sell to the public.

4. Extraction business ... as they extract materials from the earth so that manufacturers can create valuable products for customers.

5. nonprofit corporation ... these corporations are legal entities which do not operate as a business and usually make all of their money through donations and grants to use for the benefit of the public, but can also sell goods and services for money.

6. franchise. ... there are many examples of franchises such as McDonalds, Target, Walmart etc. All of which sell the rights to individuals to operate under the franchises name.

7. retailer ... in other words these are the final stores where customers ultimately purchase the product. This can either be a brick and mortar store or an online shop.

3 0

3 years ago

When a business is making its initial purchase of an item to be used to perform a new job at a shoe factory, it is known as a __

Veseljchak [2.6K]

Answer: governmental, institutional, and reseller purposes.

Your mom

6 0

3 years ago