From the following information extracted from the Balance Sheet of XYZ Company, you are required to calculate:

The Boeing Company created a team made up of employees at the same level from production, planning, quality control, tooling, de

SCORPION-xisa [38]

i am a troll im here just to mess with people after i do this i with go on my main account and answer you question

5 0

2 years ago

Bindy Crawford created a corporation providing legal services, Skysong, Inc., on July 1, 2022. On July 31 the balance sheet show

ad-work [718]

Answer:

Bindy Crawford

1. Tabular Analysis of the August Transactions:

Cash Accounts Supplies Equipment Accounts Common Retained

Receivable Payable Earnings

7/31 $4,600 $7,400 $730 $9,900 $9,100 $11,700 $1,830

8/1 +1,200 -1,200

8/4 -2,770 -2,770

8/9 +3,510 +2,540 +6,050

8/15 -510 +4,180 +3,670

8/19 -2,480 -2,480

8/23 -670 -670

8/26 +5,700 +5,700

8/31 -370 -370

8/31 $8,210 $8,740 $730 $14,080 $15,700 $11,700 $4,360

2. Income Statement for the month of August

Service revenue $6,050

Salaries expense $1,390

Rent expense 760

Advertising expenses 330

Utility expenses 370 2,850

Net income $3,200

3. Retained Earnings Statement for the month of August

Retained earnings, July 31 $1,830

Net income 3,200

Dividends (670)

Retained earnings, Aug. 31 $4,360

4. Classified Balance Sheet as of August 31

Assets

Current Assets:

Cash $8,210

Accounts receivable 8,740

Supplies 730 $17,680

Long-term Assets:

Equipment $14,080

Total assets $31,760

Liabilities and Equity

Current liabilities:

Accounts Payable 10,000

Notes Payable 5,700 $15,700

Equity:

Common stock 11,700

Retained earnings 4,360 $16,060

Total liabilities and equity $31,760

Explanation:

a) Data and Analysis:

8/1 Cash $1,200 Accounts receivable $1,200

8/4 Accounts payable $2,770 Cash $2,770

8/9 Accounts receivable $2,540, Cash $3,510 Service revenue $6,050

8/15 Equipment $4,180 Cash $510 Accounts payable $3,670

8/19 Salaries expense $1,390, Rent expense $760, Advertising expenses $330 Cash $6,150

8/23 Cash dividend $670 Cash $670

8/26 Cash $5,700 Note payable (American Federal Bank) $5,700

8/31 Utility expenses $370 Cash $370

Tabular Analysis of the August Transactions:

Cash Accounts Supplies Equipment Accounts Common Retained

Receivable Payable Earnings

7/31 $4,600 $7,400 $730 $9,900 $9,100 $11,700 $1,830

8/1 +1,200 -1,200

8/4 -2,770 -2,770

8/9 +3,510 +2,540 +6,050

8/15 -510 +4,180 +3,670

8/19 -2,480 -2,480

8/23 -670 -670

8/26 +5,700 +5,700

8/31 -370 -370

8/31 $8,210 $8,740 $730 $14,080 $15,700 $11,700 $4,360

7 0

3 years ago

The basic work of managers in the hospitality industry calls for: a. Being able to perform each job in the organization and make

Tamiku [17]

Answer:

d. Making the guest welcome, making the operation run correctly, keeping control operating costs.

Explanation:

The basic work of managers in the hospitality industry calls for: Making the guest welcome, making the operation run correctly, keeping control operating costs.

The hospitality industry's backbone is comprised of customer service, it is the foundation and cornerstone of all segments of the industry. A business may focus on one or all facets of hospitality but the level of success achieved is dependent on how well the managers and staff, are serving their customers.

8 0

3 years ago

Walton Company has provided the following 2018 data:

timurjin [86]

Answer:

Walton Company

Income Statement

Actual Budgeted Variances

Sales 510,400 $ 519,000 8,600 U

Variable product costs 183400 188,000 4,600 F

Variable selling expense 48100 46,000 2,100 U

Other variable expenses 5100 3,300 1,800 U

Contribution Margin 273,800 281,700 7,900 unfav

Fixed product costs 15460 15,700 240 F

Fixed selling expense 22920 23,400 480 F

Operating Income 235420 242,600 7,180 unfav

Other fixed expenses 1460 1,300 160 U

Interest expense 710 800 90 F

Net income 233,250 240,500 7,250 unfav

We calculate the actual amounts from the budgeted amount by adding the variances when they are unfavorable and subtracting them when they are favorable . But in case of sales this is reversed. The actual sales are calculated by subtracting unfavorable variance from budgeted sales.

The fav amounts are subtracted from the unfav amounts to get the results .

8,600 u + ( 4,600)F + 2,100 U +1,800= 7,900 unfav

3 0

3 years ago

A young man recently was hired by a major mortgage company in Tampa. Because he was unfamiliar with Tampa, the man purchased a r

Pavel [41]

Question Completion with Options:

A) The man is not entitled to a refund, however, he may request that the $200 be applied to his down payment.

B) He is entitled to a refund of $200 if requested in writing within 30 days of the contract date.

C) He is entitled to a refund of $100 if requested within 45 days of the contract date.

D) He is entitled to a refund of $150 if requested within 30 days of the contract date.

Answer:

The statement that applies to this situation is:

B) He is entitled to a refund of $200 if requested in writing within 30 days of the contract date.

Explanation:

The Florida real estate laws provide that any real estate company that furnishes rental information to a prospective tenant for a fee must provide the prospective tenant with a receipt. The receipt should contain the repayment provision, which can be made under specified conditions. However, the young man is expected to make his demand for a return of any part of the fee within 30 days from the date of the broker/sale contract.

3 0

2 years ago