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3 years ago

5

The money that you make from your wages, before taxes are taken out, is called your _____ pay. Question 4 options: Gross Net Tot

al

1 answer:

Romashka-Z-Leto [24]3 years ago

3 0

Answer:

it is Gross pay

Explanation:

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The following is the adjusted trial balance for Nadia Company. Nadia Company Adjusted Trial Balance December 31 Account No. Debi

muminat

Answer:

Net Income = $2,980

Statement of owner's equity = $15,280

Total Assets = $19,050

Total Liabilities = $3,770

Explanation:

Requirement A) Income Statement

Nadia Company

Income Statement

For the Year Ended December 31, 20X9

Revenues: $ $

Fees Earned 10,930

Expenses:

Wages expense 2,450

Rent expense 1,900

Utilities expense 1,475

Depreciation Expense 1,150

Miscellaneous Expense <u> 975</u>

Total Expenses <u> </u><u>(7,950)</u>

Net Income <u> 2,980</u>

Nadia company's total revenue exceeds the total expenses, therefore, the company earns a net income of $2,980.

Requirement B) Statement of owner's equity

Nadia Company

Statement of Owner's Equity

For the Year Ended December 31, 20X9

Particulars $

Beginning Capital 10,000

Add: Additional investment (Capital) 3,000

Add: Net income for the year <u>2,980</u>

15,980

Less: Drawings <u> 700</u>

Capital, December 31 (Ending Capital) <u> 15,280</u>

The amount of $15,280 is the total owner's equity for the company. The company will this amount in the balance sheet as well.

Requirement C) Balance Sheet

Nadia Company

Balance Sheet

As At December 31, 20X9

Particulars $ $

Assets

<u>Current Assets</u>

Cash 5,130

Accounts Receivable 3,300

Prepaid Expenses 420

Total Current Assets 8,850

<u>Property, Plant, and Equipment</u>

Equipment 12,400

Less: Accumulated Depreciation (2,200)

Total Property, Plant, and Equipment <u> </u><u>10,200</u>

Total Assets 19,050

Liabilities & Owner's Equity

Liabilities

Current Liabilities

Accounts Payable 700

Notes Payable (Short-term) <u> 3,070</u>

Total Liabilities 3,770

Owner's Equity

Owner's Equity (From requirement B) <u> 15,280</u>

Total liabilities and owner's equity 19,050

Therefore, <em>Total Assets = Total Liabilities + Owner's Equity</em>

5 0

3 years ago

Advertising refers to any paid form of personal communication about an organization, product, service, or idea by an identified

Zanzabum

Answer:

<em>any paid form of non-personal communication about an organization, product, service, or idea by an identified sponsor.</em>

Explanation:

Yes, it is very true that in advertising of a product or something, we have to pay and it is not a personal communication as well, it just advertises and promotes a particular thing which it is paid for and it also provide services to its customers who post their advertisement, and it is platform where new ideas are been generated by the sponsor of that particular advertisement.

6 0

3 years ago

The production function is f (L, M) = 5L1/2M1/2, where L is the number of units of labor and M is the number of machines. If the

Anton [14]

Answer:

The correct answer is option d.

Explanation:

The production function is given as:

f (L, M) = $5L^{1/2} M^{1/2}$

The total cost will be

= wL + rM

Here, w is the cost of labor or wages and r is the cost of capital or rent.

The cost of labor is given as $9 per unit and the cost of using machine is $64 per machine.

MPl

= $\frac{dQ}{dL}$

= $\frac{5}{2}\frac{M}{L}^{1/2}$

MPm

= $\frac{dQ}{dM}$

= $\frac{5}{2}\frac{L}{M}^{1/2}$

$\frac{MPl}{MPm} = \frac{9}{64}$

$\frac{M}{L} = \frac{9}{64}$

M = $\frac{9}{64}L$

f (L, M) = $5L^{1/2} M^{1/2}$

12 = $5L^{1/2} \frac{9}{64}L^{1/2}$

12 = $\frac{15L}{8}$

L = $\frac{96}{15}$

L = 6.4

M = $\frac{9}{64}\times 6.4$

M = 0.9

Total cost

= wL + rM

= 6.4 $\times$ 9 + 0.9 $\times$ 64

= 57.6 + 57.6

= $115.2

6 0

3 years ago

Exercise 7-14A Recording Credit Card Sales LO 7-6 Luna Company accepted credit cards in payment for $6,950 of services performed

Mamont248 [21]

Answer:

See the explanation below:

Explanation:

Interest expenses = $6,950 × 3.75% = $261

Cash received = $6,950 - $261 = $6,689

The payment an be in two forms; it can be immediate or delayed. The two are done below:

a. Journal Entries for Immediate payment

Details Dr ($) Cr ($)

Cash 6,689

Card expenses 261

Sales 6,950

b. Journal Entries for delayed payment

When the transaction is carried out, we have:

Details Dr ($) Cr ($)

Account receivables 6,689

Card expenses 261

Sales 6,950

When the payment is received, we have:

Details Dr ($) Cr ($)

Cash 6,689

Account receivables 6,689

3 0

3 years ago

A worker was just hit by a forklift. The scene is safe and you begin to assess the worker. You see that she is conscious and

user100 [1]

Answer:

Make sure the injury isn't severe. Call 911 and keep making sure they are breathing normally. If not, give them CPR until an ambulance comes. Try not to move them too much and keep them calm.

6 0

2 years ago