Answer and Explanation:
The preparation of the balance sheet is presented below:
<u> </u><u> Keisha King </u>
<u> Balance sheet</u>
Assets
Current Assets
Cash $2,000
Accounts receivable $17,000
Office supplies $4,250
Total current assets $23,250
Land $36,000
Office equipment $28,000
Total fixed assets $64,000
Total assets $87,250
Liabilities
Current liabilities
Accounts payable $7,500
Total current liabilities $7,500
Total liabilities $7,500
Equity
Common stock $76,470
Retained earning $3,280 (Working note)
Total equity $79,750
Total liabilities and owners equity $87,250
Working note:
As we know that
Retained earning = Sales - rent expense - salary expense - telephone expense - miscellaneous expense - dividend paid
= $19,000 - $3,420 - $7,600 - $660 - $680 - $3,360
= $3,280
Answer:
The answer is intrapreneurs
Explanation:
intrapreneurs are the people already in a company such as employees who have many of the same attributes as an entrepreneur
Answer:
$6673
$14,533.50
$421,256.38
$234,243.36
Explanation:
The formula for determining future value is :
The formula for calculating future value:
FV = P (1 + r)^n
FV = Future value
P = Present value
R = interest rate
N = number of years
$1,800 x (1.14)^10 = $6673
$7,852 x (1.08)^8 = $14,533.50
$67,355 x (1.13)^15 = $421,256.38
$174,796 x (1.05)^6 = $234,243.36
The financial statement that highlights the components of net income is the income statement.
<h3>What is an income statement?</h3>
The income statement is a financial statement that contains the record of a company's income and expenses in a financial year. It is used for determining if a company is earning a profit or a loss.
It also contains components that explains the net income of the company.
To learn more about income statement, please check: brainly.com/question/9060570