1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Tasya [4]
3 years ago
8

Need dire assistance

Business
1 answer:
yawa3891 [41]3 years ago
6 0
Okay i’ll tell you here it is
You might be interested in
Presented below are a number of balance sheet items for Tamarisk, Inc. for the current year, 2020.
Roman55 [17]

Answer:

Tamarisk, Inc.

Classified Balance Sheet

As of December 31, 2020:

ASSETS:

Current Assets:

Cash                                     $362,340

Equity investments (trading)  123,330

Notes receivable                    448,040

Income taxes receivable         99,960

Inventory                                 242,140

Prepaid expenses                   90,260

Total current assets                                  $1,366,070

Equipment         1,472,340

Accumulated

Depreciation    (292,490)   1,179,850  

Buildings           1,642,330

Accumulated

Depreciation     (270,446 )  1,371,884

Land                                      482,340

Goodwill                                  27,340

Total long-term assets                             $3,061,414

Total assets                                             $4,427,484

LIABILITIES

Current Liabilities

Accounts payable               492,340

Payroll Taxes Payable          179,931

Income taxes payable         100,702

Rent payable (short-term)     47,340

Discount on bonds  payable  15,490

Notes payable (to  banks)   267,340

Total current liabilities                             $1,103,143

Bonds payable                       302,340

Rent payable (long-term)      482,340

Notes payable  (long-term) 1,602,330

Total long-term liabilities                      $2,387,010

Total Liabilities                                      $3,490,153

EQUITY

Common stock, 400,000 shares authorized

Issued, 202,340 shares at

$1 par value                      202,340

Preferred stock, 200,000 shares authorized

Issued, 15,234 shares at

$10 par value                    152,340

Retained earnings            582,651

Total Equity                                                $937,331

Total liabilities & Stockholders' equity $4,427,484

Explanation:

a) Data:

Account Title                            Debit        Credit

Cash                                     $362,340

Equity investments (trading)  123,330

Notes receivable                    448,040

Income taxes receivable         99,960

Inventory                                 242,140

Prepaid expenses                   90,260

Equipment                           1,472,340

Accumulated Depreciation-Equipment    $292,490  

Buildings                             1,642,330

Accumulated Depreciation-Buildings         270,446

Land                                      482,340

Goodwill                                  27,340

Accounts payable                                       492,340

Payroll Taxes Payable                                  179,931

Income taxes payable                                 100,702

Rent payable (short-term)                            47,340

Discount on bonds  payable                         15,490

Notes payable (to  banks)                          267,340

Bonds payable                                          302,340

Rent payable (long-term)                         482,340

Notes payable  (long-term)                    1,602,330

Common stock, $1 par value                  202,340

Preferred stock, $10 par value                152,340

Retained earnings                                   582,651

Total                             $4,990,420  $4,990,420

4 0
3 years ago
38. Mary Catherine, an international student from Ireland, has a Form W-2 that shows amounts withheld for Social Security and Me
Lera25 [3.4K]

Answer: Form 843

Explanation:

As a taxpayer, Mary can use Form 843 to claim a refund of her Social Security taxes. First she tried to obtain the refund through her employer and should this fail, she should fill out a form 843 and submit it to get help on the claim.

The form can also be used to get an abatement on FUTA taxes as well as a refund of interest, penalties, or additions to taxes.

6 0
3 years ago
Joss Distributors had the following revenue-related transaction during December: Collected cash for services provided in Novembe
Elodia [21]

Answer:

The revenue for the month of December would be $25,500.

Explanation:

As per the revenue recognition principle, the revenue is recorded as and when the services are rendered or goods are delivered to the customer.

Cash collected for services provided in November: This won't be recorded as revenue in December as the services were rendered in the month of November. Therefore, it belongs to the month of November and not December.

Provided services on account $24,500 (collected $14,000 only): This would be considered as the revenue earned in the month of December.

Received $2,000 on December 1 and services provided evenly in December and January: The services will be provided evenly in both the months. So, the amount will be recorded as service revenue evenly in both the months. Thus, $1,000 would be recorded as revenue for December and remaining $1,00 as revenue for January.

Therefore, the revenue for December would be = $24,500 + $1,000 = $25,500.

8 0
3 years ago
In most cases, countries use tariffs to reduce foreign competition, but tariffs are also used?
Bumek [7]

In most cases, countries use tariffs to reduce foreign competition, but tariffs are also used to increase the demand of locally produced goods and services which further leads to increment in government revenue.

When countries impose tariffs, people get less attractive towards imported goods and services which pushes them towards domestic goods and services. This strategy increases the sale and purchase of locally produced goods and services which helps in enhancing the life of locals of country and also help in discarding the poverty.

Whenever domestic products or services purchased it also raises government revenue which is further used for benefit of local people and building nation which in whole level pushes the growth of entire country.

Read more about government revenue here

brainly.com/question/13846170

#SPJ4

6 0
2 years ago
A firm sells 1000 units per week. It charges $70 per unit, the average variable costs are $25, and the average costs are $65. At
Katarina [22]

Answer:

price $65

Explanation:

given data

total output = 1,000 units  per week

Average Price = $70 per unit

Average Variable Cost = $25

Average Cost = $65

solution

we have given average cost is $65

so here firm consider for shutting down in long run  price is here $65

because when the firm price go below to $65

then the firm simply exit here  industry

so answer is  price = $65

5 0
3 years ago
Other questions:
  • Which would you expect to be the biggest amount on your pay stub?
    15·2 answers
  • Use the following information to answer this question. Bayside, Inc. 2010 Income Statement ($ in thousands) Net sales $ 6,090 Le
    7·1 answer
  • A company's fixed operating costs are $370,000, its variable costs are $3.25 per unit, and the product's sales price is $5.65. W
    13·1 answer
  • Shipping the Good Apples​ Out?
    9·1 answer
  • Identify whether each statement describes the market period, the short run, or the long run.A.Output and the number of firms are
    7·1 answer
  • What is the term for a variety of activities designed to stimulate a trial or
    12·2 answers
  • International businesses with markets and production facilities in other countries, or that use materials from different countri
    8·1 answer
  • Economists who advocate the Keynesian theory of economics would say that prices and wages are sticky and decreases in AD will de
    15·1 answer
  • the combination of successive stages of production and distribution under a single ownership defines which vertical marketing sy
    8·1 answer
  • What would best explain why the equilibrium price of pink salmon decreased and the equilibrium quantity increased?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!