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myrzilka [38]
3 years ago
10

Solve for the missing amounts using a T-account for the balance sheet accounts in each situation. Assume that there is only one

debit entry and one credit entry in the account during the month. Required: a. The Supplies account had a balance of $1,250 at the beginning of the month and $1,700 at the end of the month. The cost of supplies purchased during the month was $4,000. Calculate the cost of supplies used during the month.
Business
1 answer:
miss Akunina [59]3 years ago
5 0

Answer:

$3,550

Explanation:

Supplies used = Opening supplies + Purchases of Supplies - Ending Supplies

therefore,

Supplies used = $1,250 + $4,000 - $1,700

                         = $3,550

thus,

The cost of supplies used during the month is $3,550.

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Kelso Electric is an all-equity firm with 49,250 shares of stock outstanding. The company is considering the issue of $335,000 i
Korolek [52]

Answer:

$79,194

Explanation:

The computation is shown below:

Break-even EBIT

(EBIT) ÷ (Number of shares) = (EBIT - Interest) ÷ Number of shares  

(EBIT) ÷ (49,250) = (EBIT - $30,150) ÷ 30,500

If we cross multiplied each other, so

30500 × EBIT = 49,250 × EBIT - 1,484,887,500

After solving this,  

The EBIT would be $79,194

The interest is come

= $335,000 × 9%

= $30,150

7 0
3 years ago
The buffers supplied to non-critical paths in critical chain project management are called:______.
maw [93]

The buffers supplied to non-critical paths in critical chain project management are called Feeder buffers

A time buffer known as the project buffer is added at the conclusion of the critical chain to safeguard the entire project timeline. Its size can be determined by taking the square root of the total of the squared differences between the estimated task length at the beginning and the estimated task duration after it has been reduced.

Buffer Feeding The feeding buffer is a time buffer that is situated at the conclusion of a list of duties that come before the critical chain. Similar to how the project buffer size is determined, so is its size.

Buffering Resources Different from the earlier buffers is the resource buffer. It is not a time buffer, to begin with. It is a marker that is frequently placed on the critical chain to notify a resource that it is required. 

Learn more about buffer here

brainly.com/question/22821585

#SPJ4

8 0
2 years ago
The Tradeoff Theory suggests that​ ________. A. with higher costs of financial​ distress, it is optimal for a firm to choose hig
ratelena [41]

Answer:

The correct answer is D. The Tradeoff Theory suggests that a firm should choose a debt level where the tax savings from increasing leverage are just offset by the increased probability of incurring the costs of financial distress.

Explanation:

The trade-off theory of capital structure states that companies choose their leverage ratio to maximize benefits and minimize costs. The classic version of the hypothesis goes back to Kraus and Litzenberg, who observed a balance between the risk of loss of welfare from impending bankruptcy and the tax benefits of outside capital. In the trade-off theory, debt and equity financing are calculated in such a way that the present value of the tax shield is as large as possible and the present value of the costs of “financial distress” is possibly small.

8 0
3 years ago
Read 2 more answers
Merando Industries employs a 5-day workweek and a September 30 year-end. Normal weekly wages amount to $41760. If September 30 e
kati45 [8]

Answer:

Debit: Salaries and wages expense $25,056

Credit: Salaries and wages payable $25,056

<em>(To recognize the salaries and wages payable at year-end)</em>

Explanation:

Merando Industries employs a 5-day workweek - this means $41,760 normal weekly wages can be divided by 5 to arrive at the daily workweek wages, which is $41,760 / 5 = $8,352.

If the fiscal year-end is a Wednesday, the company has to recognize a salaries and wages payable of $25,056 due to the following:

  • the workweek remains 2 weekdays to complete
  • the company pays at the completion of the 5-day workweek
  • there is no need to recognize the remaining 2 days next year as salaries and wages payable since the employer may not have control over the employees - they may decide the exit the company

So, the amount to be recognized will be $8,352 x 3 = $25,056.

4 0
3 years ago
The balance sheet shows the following accounts and amounts Inventory. $84,000, Long-term Debt 125.000; Common Stock $60,000; Acc
Brums [2.3K]

Answer:

b. $325,000

Explanation:

The current assets are the assets that are likely to be converted to cash within 12 months. These include cash, inventory, receivables, prepaid expenses etc.

Given;

Inventory = $84,000,

Long-term Debt = $125.000;

Common Stock $60,000;

Accounts Payable $44,000;

Cash $132,000,

Buildings and Equipment $390,000:

Short-term Debt $48.000:

Accounts Receivable $109,000,

Retained Earnings $204,000 Notes Payable $54.000:

Accumulated Depreciation $180.000

Total current asset = $84,000 + $132,000 + $109,000

= $325,000

5 0
3 years ago
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