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
saw5 [17]
3 years ago
15

The following information is available for Sheridan Company

Business
1 answer:
Arte-miy333 [17]3 years ago
6 0

Answer:

See below

Explanation:

Balance sheet as of December 31, 2022.

Current assets

Account receivable $2,000

Cash $6,280

Supplies $3,790

Total $12,070

Fixed assets

Equipment net $110,300

Inventory $2,810

Total $113,110

Total assets = $12,070 + $113,110 = $125,180

Current liabilities

Accounts payable $3,900

Interest payable $500

Salaries and wages payable $740

Notes payable $32,500

Total $37,640

Financed by;

Common Stock $52,500

Total liabilities + Common stock

= $37,640 + $52,500

= $90,140

You might be interested in
Anita is an entrepreneur who is interested in starting a hair salon. Anita consulted her friend Ali, who is a businessman, to ge
Varvara68 [4.7K]

ANSWER 1. Capital

EXPLANATION: Calculating capital is necessary for a business. It is the basic duty of an entrepreneur to calculate capital before starting any business to check the financial capacity of the entrepreneur. Calculating capital also helps to estimate if any outside finance is necessary to start the business.

ANSWER 2: Set of Services

EXPLANATION: Choosing and categorizing set of services is necessary before starting any business. This will help in acquiring expert and trained set of labors to carry out the work. The clients will also come to know of the services that are available in the business. Expert and trained set of labors are difficult to find in any market.

ANSWER 3: Total Cost of Ownership

EXPLANATION: Total cost of ownership is a financial estimate intended to help buyers and owners determine the direct and indirect costs of a product or system. Each and every piece of equipment that Anita buys is added to the cost of the ownership of the business.

4 0
3 years ago
Read 2 more answers
True/False
Elanso [62]

<em>The answer is </em><em>FALSE.</em><em> </em>

<em>Relationship marketing is much important compared to maintaining databases of customer's information for mass marketing. A good relationship to clients can be a good promotion tool and technique compared to sending them promotional ads via email, SMS and social media sites. A word of a mouth is more powerful and personal compared to digital media. If the reputation of the company is good to some clients, then it will create good impression to other potential clients and to the people they know. If the company has a good impression, good attitude employees with good products, it will surely help to the company's revenue.</em>

5 0
3 years ago
You have borrowed $28,000 at an interest rate of 12% compounded annually. Equal payments will be made over a four-year period, w
Sloan [31]

Answer:

A = 28000 [\frac{0.12 (1.12)^4}{(1.12)^4 -1}]

A = 28000 [\frac{0.12*1.574}{1.574-1}]

A=28000*0.3292 = 9218.564

So then the annual pay would be $ 9218.564 for this case

Explanation:

For this question we can use the Equivalent annual value (A) given by the following expression:

A = PV [\frac{i (1+i)^t}{(1+i)^t -1}]

Where PV = 28000 represent the pesent value

i = 0.12 since the rate is yearly

t = 4 since we have 4 years to pay

So then we have everything to replace and we got:

A = 28000 [\frac{0.12 (1.12)^4}{(1.12)^4 -1}]

A = 28000 [\frac{0.12*1.574}{1.574-1}]

A=28000*0.3292 = 9218.564

So then the annual pay would be $ 9218.564 for this case

And this amount would be paid each year in order to pay all the money after 4 years.

6 0
3 years ago
The activity that uses the greatest share of u.s. household water is
alexdok [17]

<span>Flushing the toilet in your home increases and produces the greatest share of used water in U.S. households. Since flushing your toilet is a natural, necessary  use of water people often forget how much water is actually being used. Each time you flush the toilet and everyone in your home does, you are literally flushing water away. </span>

6 0
3 years ago
A semiconductor company has established a plant overseas in South Africa, where the power grid is somewhat unreliable. Which of
Leya [2.2K]

Answer:

A. Infrastructure

Explanation:

Economic risks refers to the likelihood of a country's macroeconomic conditions affecting investments or domestic/foreign businesses prospect. There are various forms of economic risks. In this case, Infrastructure is the main economic risk affecting the semi-conductor company. Due to the fact that the power grid of south Africa is somewhat reliable and the company needs it for continuous manufacturing process, by moving to south Africa, they bear the risks of infrastructure (economic risks)

3 0
3 years ago
Read 2 more answers
Other questions:
  • If the government removes a tax on a good then the quantity of the good sold will
    10·1 answer
  • Research has shown that knowledge workers spend about ________ of their time on nonproductivework—, unsuccessful searches, conve
    15·1 answer
  • Compute net sales, gross profit, and the gross margin ratio for each separate case a through d. (Round gross margin ratio to 1 d
    9·1 answer
  • Mill Co.'s trial balance included the following account balances at December 31, Year 6:
    5·1 answer
  • Determine current portion of long term note payable On January 1, Irving company purchased equipment of 280,000 with a long term
    15·1 answer
  • When stock prices decline steadily, investors refer to the market as a ________ market.?
    5·2 answers
  • Increasingly concerned about my minor heartbeat irregularities, I think that my health is being threatened, and more and more of
    14·1 answer
  • Write about your last week ( over 50 words)​
    7·2 answers
  • A product enters the maturity phase of the life cycle, during which sales are
    7·1 answer
  • Sheridan Company uses the percentage-of-receivables method for recording bad debt expense. The Accounts Receivable balance is $2
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!