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3 years ago

Displays more information on the spreadsheet?

1 answer:

6 0

When you ask a question like this, you have to include a picture of what you are talking about. I'll walk you through the process. When you first start asking a question there is an option for a little paperclip on the bottom of the question box. Click on that and then select the file (the photo is considered a file by the computer) then type in what the question is and simple hit ask question. Now it will post the picture along with your question.

Hope this helps,

Miri

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American Chip Corporation’s reporting year-end is December 31. The following is a partial adjusted trial balance as of December

guajiro [1.7K]

Answer:

Explanation:

The closing entry for the following accounts are shown below:

1. Sales Revenue A/c Dr 760,000

Interest Revenue A/c Dr $3,500

To Income Summary $763,500

(Being revenue account closed)

2. Income summary A/c Dr $593,200

To cost of goods sold $425,000

To Interest Expense $5,100

To Salaries Expense $110,000

To depreciation Expense $31,000

To Rent Expense $16,000

To Insurance expense $6,100

(Being expenses accounts are closed)

3. Income summary A/c Dr $170,300

To Retained earning $170,300

(Being the difference is credited to retained earning)

The retained earning is computed by

= Number 1 - Number 2

= $763,500 - $763,500

= $170,300

5 0

3 years ago

On April 1, 20X4, Kew Co. purchased new machinery for $300,000. The machinery has an estimated useful life of five years, and de

Afina-wow [57]

Answer:

The answer is B. $180,000

Explanation:

The sum of years' digits method is an accelerated depreciation that is based on the assumption that the productivity of the asset decreases with time.

Here, the sum of the digits are found. In this question, useful life is 5 years. So the sum of the digit is:

5+4+3+2+1 = 15.

April 1 20X4 through March 31 20X6 is 2 years.

First year depreciation is:

5/15 x $300,000

=$100,000

2nd year depreciation is:

4/15 x $300,000

=$80,000

Therefore, accumulated depreciation is

$100,000 + $80,000

$180,000

7 0

3 years ago

A stock has a correlation with the market of 0.49. The standard deviation of the market is 25%, and the standard deviation of th

olasank [31]

Answer:

Stock's beta = 0.65 (Approx)

Explanation:

Given:

Correlation = 0.49

Standard deviation of stock (SDs) = 33% = 0.33

Standard deviation of market (SDm) = 25% = 0.25

Find:

Stock's beta

Computation:

Stock's beta = Correlation(SDs) / SDm

Stock's beta = 0.49 (0.33) / 0.25

Stock's beta = 0.65 (Approx)

4 0

3 years ago

The payoff matrix above shows the profits associated with the strategic decisions of two oligopoly firms, Bright Company and Spa

sweet-ann [11.9K]

Answer:

E) Bright: No dominant strategy, Sparkle: Strategy 1

Explanation:

The payoff matrix above shows the profits associated with the strategic decisions of two oligopoly firms, Bright Company and Sparkle Company. The first entries in each cell show the profits to Bright and the second the profits to Sparkle. What are the dominant strategies for Bright and Sparkle, respectively?

Bright: No dominant strategy, Sparkle: Strategy 1

5 0

3 years ago

Is Informative listening a type of casual listening

Vlada [557]

Answer:

Yes.

Explanation:

You are listening to gather intel on a particular individual or set of individuals.

4 0

3 years ago