All categories

3 years ago

Prepare a 2017 balance sheet for Jarrow Corp. based on the following information:

Business

1 answer:

Basile [38]3 years ago

3 0

Answer and Explanation:

The preparation of the balance sheet is presented below:

Assets Liabilities & Equity

Cash $142,000 Account payable $219,500

Account receivable $162,500 Note payable $115,000

Inventory $300,500 Long term debt $860,000

Tangible net fixed assets $1,655,000 Common stock $447,500

(Balancing figure)

Patents & copyrights $630,000 Acc retained earnings $1,248,000

Total assets $2,890,000 Total liabilities & Equity $2,890,000

You might be interested in

According to business analyst Scott Anthony, identifying opportunities requires understanding of:_________

Maurinko [17]

Answer:

the 5Cs of opportunity identication:

1. Circumstance

2. Context

3. Constraints

4. Compensating behaviors

5. Criteria

Explanation:

According to Scot Anthony, to identify opportunities it's important to understand the 5Cs of opportunity identication.

1. Circumstance: Know the specific problems which your customers care about and how they get solutions to it.

2. Context: Know what the customer did in the past and work around it to present something realistic.

3. Constraints: Get to understand customers' barriers and constraint.

4. Compensating behaviors: Understand the compensations that engage your customers.

5. Criteria: In order to know a good solution, it's important to understand the criteria that matter to your customers.

8 0

4 years ago

Schwartz's model suggests that: Select one: A. We are always aware of our values and how they influence us B. Values are formed

Nastasia [14]

Answer:

The correct answer is letter "D": Values may conflict with each other.

Explanation:

American psychologists Shalom H. Schwartz in his "Theory of Basic Human Values" proposes there are ten (10) values driving individuals' behaviors: stimulation, self-direction, universalism, benevolence, power, achievement, hedonism, tradition, conformity, and security.

According to Schwartz, some values like benevolence and power conflict with each other but some others such as conformity and security are compatible.

3 0

3 years ago

Assume that a major customer of the company that you are auditing files for bankruptcy during the subsequent period because of a

Tomtit [17]

Answer:

Type I subsequent event

Explanation:

The reason is that there are two types of subsequent events which includes a recognizable event and a non-recognizable event. In the Recognizable event which is also known as type 1 subsequent events is the event that has occurred at the financial statement date and is concluded after the year end. So in this case, the event had occured at the financial statement date which the auditor and the company didn't knew about and has been concluded in the subsequent period.

5 0

3 years ago

Chuck has AGI of $71,600 and has made the following payments

kodGreya [7K]

Answer: $4,690

Explanation:

From the above, Chuck can include the following with his itemized deductions,

County Real Estate Tax,

School District Tax on Realty,

State Income Tax estimated Payments and

State income tax withholding.

Calculating the above,

= 950 + 670 + 1,010 + 2,060

= $4,690

the amount of taxes that Chuck can include with his itemized deductions is $4,690.

7 0

3 years ago

Business communication that is interactive, conversational, and open to those who wish to join follows which type of communicati

brilliants [131]

Answer:

Social Communication model

Explanation:

Business communication that is interactive, conversational, and open to those who wish to join follows social communication model. In this model audience are the active participants in a conversation rather to act as passive member.

6 0

4 years ago