1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Svetlanka [38]
3 years ago
12

Optimum Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been cl

osed on November 30, 2016, the end of the fiscal year, the balances of selected accounts from the ledger of Optimum Weight Loss Co. are as follows:
Accounts Payable $37,700
Accounts Receivable 116,750
Accumulated Depreciation-Equipment 186,400
Cash ?
Common Stock 75,000
Equipment 474,150
Land 300,000
Prepaid Insurance 7,200
Prepaid Rent 21,000
Retained Earnings 635,300
Salaries Payable 9,000
Supplies 4,800
Unearned Fees 18,000
Prepare a classified balance sheet that includes the correct balance for Cash. Fixed assets must be entered in order according to account number. Be sure to complete the statement heading.
Business
1 answer:
denis23 [38]3 years ago
6 0

Answer:

*** Cash $37,500

Explanation:

Optimum weight loss classified balance sheet .

Assets

Current assets

Cash $37,500

Account receivables $116,750

Prepaid insurance $7,200

Prepaid rent $21,000

Supplies $4,800

Total current assets $187,250

Non current assets

Equipment $474,150

Less

Accumulated depreciation $186,400

NBV $287,750

Land $300,000

Total non current assets

$587,750

Total assets

$775,000

Liabilities

Accounts payable $37,700

Salaries payable $9,000

Unearned fees $18,000

Total liabilities

$64,700

Equity

Common $75,000

Retained earnings $635,300

Total equity

$710,000

Total liabilities + equity

$710,300 + $64,700 = $775,000

You might be interested in
Managers are important members of the organization. Within an organization, there are managers at f aders. Each of these levels
Ulleksa [173]

Answer:

GlobalTech Advertising Inc.

1. Pat leads the sales force to achieve GlobalTech Advertising Inc.'s sales goals for the quarter

Pat is a first-line manager.

2. Rick develops GlobalTech Advertising Inc.'s human-resources policies

Rick is a top manager.

3. Daisy is the foreperson of the warehouse and ensures products are loaded effectively

Daisy is a team leader.

4. Ruth is the art department head and supervises the art staff.

Ruth is a team leader.

5. Gary analyzes the national sales forecasts of Yellow Pages directories and develops projections on long- term industry growth.

Gary is a team leader.

6. Greg is the national sales manager and coordinates the activities of his first-line managers.

Greg is a middle manager.

7. Although he can't fire or discipline team members. Mike is in charge of making sure the team meets its production goals.

Mike is a team leader.

8. Nancy is the go-to person when the teams needs to coordinate their work or they have conflicts arise.

Nancy is the first-line manager.

Explanation:

a) Data:

Levels of management    Managerial Challenges

Top manager                     Long-term decisions, organization-wide

Middle manager                Policy and Plan Implementation, Supervision

                                          and Coordination of first-line managers

First-line manager             Short-term operating decisions, tasks direction

Team leader                      Facilitating team activities

b) The level of a manager can be determined by the managerial challenges she faces, as classified above.

5 0
3 years ago
Explain how the costs of poor quality can affect competitiveness.
Soloha48 [4]
The competitiveness of a good usually depends on two key factors: its price, and its quality. While poor quality goods are less competitive from a quality perspective but poor quality goods are usually cheaper to produce resulting to a lower final price. So overall, the lower the cost and the higher the quality the more competitive a good is.
8 0
4 years ago
A market structure in which many companies sell products that are similar but not identical called
Zina [86]
This is called a franchise
3 0
4 years ago
Read 2 more answers
When does the irs start accepting tax returns with dependents?.
Degger [83]

Answer:

In general, the agency aims to send refunds within 21 days. The simpler your return, the faster the IRS should theoretically be able to process it. The more credits you claim, the longer it might take to receive a refund.

Explanation:

4 0
2 years ago
3(x - 7) = 2y + 5x + 8 find y intercept​
Ksivusya [100]

Answer:

y  = -x - 29/2 Your Welcome

Explanation:

4 0
3 years ago
Other questions:
  • Which of the following are non-price determinants of supply?
    5·2 answers
  • Mcdonald's sells tacos for breakfast in arizona because its marketers have identified a _____ segment.
    13·2 answers
  • A count of supplies indicated that $104 of supplies had been used.
    13·1 answer
  • WILL MARK BRAINLIEST<br><br>List four ways that you might expand your substitute resources.​
    15·1 answer
  • Question :As leader of your company's Web team, you have been asked to give an oral presentation of plans for your company's new
    11·1 answer
  • ________Any real or potential condition that can cause injury, illness, or death to personnel; damage to or loss of equipment or
    15·1 answer
  • Which of the following cash flows are NOT considered in the calculation of the initial outlay for a capital investment proposal?
    14·1 answer
  • Robert Cassidy wants to deposit the following into his savings account: 28 one-dollar bills, 4 five-dollar bills, 16 quarters, 1
    12·1 answer
  • A section at the top of the page that makes it easy for the recipient to respond to a letter is called a(n)
    9·1 answer
  • Explain what business you would start today if given the opportunity. Why this business?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!