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3 years ago

The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation:

Business

1 answer:

Dvinal [7]3 years ago

8 0

Answer:

1. $132,600

2. $7,700

3. $25,600

Explanation:

1. Calculation to determine Total current assets

First step is to calculate the Current liabilities using this formula

Current liabilities = salaries payable + accounts playable + accrued interest

Let plug in the formula

Current liabilities= 19000 + 58000 + 1000

Current liabilities= 78000

Now let calculate the Total current assets using this formula

Total current assets = current ratio * current liabilities

Let plug in the formula

Total current assets = 1.7* 78000

Total current assets = $132,600

Therefore Total current assets is $132,600

2. Calculation to determine Short-term investments

Using this formula

Short term investments = Current assets - [cash + accounts receivables + inventory]

Let plug in the formula

Short term investments = 132,600 - [6900 + 39,000 + 79,000]

Short term investments = $7,700

Therefore Short term investments will be $7,700

3. Calculation to determine the Retained earnings

Using this formula

Current assets + fixed assets = Current liabilities + Long term liabilities + paid in capital + retained earnings

Let plug in the

132,600 + 215,000 = 78,000 + 49,000 + 195,000 + Retained earnings

347,600 = 322,000 + retained earnings

Retained earnings = 347,600 - 322,000

Retained earnings = $25,600

Therefore Retained earnings will be $25,600

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Innovative Consulting Co. has the following accounts in its ledger: Cash, Accounts Receivable, Supplies, Office Equipment, Accou

vodka [1.7K]

Answer:

Please see the Journal Entry below for Innovative Consulting Co.

Explanation:

Oct. 1

Debit: Rent Expense $2,500

Credit: Cash $2,500

Oct. 4

Debit: Advertising Expense $600

Credit: Cash $600

Oct. 5

Debit: Supplies $1,200

Credit: Cash $1,200

Oct. 6

Debit: Office Equipment $9,200

Credit: Accounts Payable $9,200

Oct. 12

Debit: Cash $15,900

Credit: Accounts Receivable $15,900

Oct. 20

Debit: Accounts Payable $3,410

Credit: Cash $3,410

Oct. 27

Debit: Miscellaneous Expense $550

Credit: Cash $550

Oct. 30

Debit: Utilities Expense $400

Credit: Cash $400

Oct. 31

Debit: Accounts Receivable $50,170

Credit: Fees Earned $50,170

Oct. 31

Debit: Utilities Expense $830

Credit: Cash $830

Oct. 31

Debit: Dividends $1,850

Credit: Cash $1,850

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3 years ago

Expected volume of production 50,000 units Actual volume of production 47,500 units Budgeted fixed overhead costs(for 50,000

Westkost [7]

Answer:

Volume Variance= $ 20,000 Unfavorable

Explanation:

The Volume Variance is the difference between actual production (AP) and budgeted production (BP) for a period multiplied by the standard fixed overhead rate (SR)

Volume Variance= (AP-BP) *SR = (47500- 50,000)* 400,000/50,000=

= 2,500 * 8= $ 20,000 Unfavorable

Whenever actual production is less than the budgeted production the fixed overhead charged to production is less than the budgeted cost the volume variance is adverse.

3 0

3 years ago

A company has a capital structure that includes 30% debts, 10% preferred stock, and 60% common stock. The before-tax cost of deb

Alexxandr [17]

Answer:

option (C) 11.8%

Explanation:

Debts = 30%

Preferred stock = 10%

Common stock = 60%

before-tax cost of debt = 11%

cost of preferred stock = 10.3%

cost of common stock = 14.7%

New common stock sales cost = 16%

The weighted average cost of capital for the company

marginal tax rate = 40%

= Debt × before-tax cost of debt × (1 - tax)) + (Common stock × cost of common stock ) + (Preferred stock × cost of preferred stock )

= 0.30 × 0.11 × (1 - 0.40) + (0.60 × 0.147 ) + ( 0.10 × 0.103 )

= 0.0198 + 0.0882 + 0.0103

= 0.1183

= 0.1183 × 100% = 11.83% ≈ 11.8%

Hence.

The correct answer is option (C) 11.8%

7 0

3 years ago

My starbucks idea, which provides customers a location to post suggestions, is a type of g

8_murik_8 [283]

The answer is open innovation
In business terms, open innovation refers to using input and knowledge from outside the company in order to accelerate the innovation process in the company. By creating my starbucks idea, starbuck will able to collect a lot of data from its customers and create a plan that will win the favor of most of its customers

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3 years ago

Denmark is a good example of a nation-state because:.

inna [77]

Denmark is a good example of a nation-state because nearly all Danes speak D.anish and live in Denmark.

<h3>What is nation-state?</h3>

Basically, a nation-state refers to sovereignty or state that is ruled in the name of a community of citizens that identify themselves as a nation.

Generally, the main component of a nation-state is presence of only one culture and language.

Therefore, the Option A is correct.