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3 years ago

The following preliminary unadjusted trial balance of Ranger Co., sports ticket agency, Errors in trial balance

Business

1 answer:

sp2606 [1]3 years ago

6 0

Answer and Explanation:

The preparation of the corrected un-adjusted trial balance is presented below:

Particulars Dr Amount Cr Amount

Cash $15,500

Accounts Receivable $46,750

Prepaid Insurance $12,000

Equipment $190,000

Accounts payable $24,600

Unearned rent $5,400

Common stock $40,000

Retained Earnings $70,000

Dividends $13,000

Service Revenue $385,000

Wages expense $213,000

Advertising expense $16,350

Miscellaneous expense $18,400

Total $525,000 $525000

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Describe the obama administration's strategy for holding the may 2009 health care reform meeting with the president and all inte

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3 years ago

"You save $3,260.00 in a savings account earning a 3.55% APR compounded monthly. How much is the total interest earned by the en

sammy [17]

Answer:

$ 29.018 ( approx )

Explanation:

The amount formula in compound interest,

$A=P(1+r)^t$

Where,

P = principal amount,

r = rate per period,

t = number of periods,

Here, P = $ 3260.00,

Since, the amount is compounded monthly,

So, the number of periods in 3 months, t = 3,

Also, annual rate = 3.55 % = 0.0355,

So, the rate per month, r = $\frac{0.0355}{12}$ (∵ 1 year = 12 months)

Thus, the amount after 3 months,

$A=3260(1+\frac{0.0355}{12})^3=3289.01817638\approx 3289.018$

Hence, the total interest earned,

I = A - P =3289.018 - 3260 = $ 29.018

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3 years ago

The employees at your job have been asked to attend a mandatory training meeting. Your co-worker, Mike, doesn't want to go and h

Basile [38]

Mike's request shows that he does not demonstrate any enthusiasm towards his workplace, it also shows that he is irresponsible, which may have him end up being demoted or fired.
Hope it was correct!

5 0

3 years ago

Read 2 more answers

Markland Manufacturing intends to increase capacity by overcoming a bottleneck operation by adding new equipment. Two vendors ha

Anna11 [10]

Answer:

Break-event point

Product A 6,000 units

Product B 6,250 units

Explanation:

The break-even point is the level of activity that a business must operate to equate total revenue to total cost . At the break even point, the business makes no profit or loss., and the total contribution is equal to total fixed cost

The break-even point is calculated as follows:

Total general fixed cost/(selling price - variable cost)

Break-even point = 60,000/(22-12)=6000 units

Product B

Beak-even point = 75,000/(22-10)=6250 units

Break-event point

Product A 6,000 units

Product B 6,250 units

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3 years ago

3) Janner Corporation uses the weighted-average method in its process costing system. Operating data for the Painting Department

Flura [38]

Answer:

93,760 units

Explanation:

For computing the equivalent units for conversion costs , first we have to compute the transferred units which is shown below:

= Transferred units - ending work in process inventory units

= 90,400 units - 1,600 units

= 88,800 units

Now the equivalent units for conversion costs equal to

= Beginning work in process inventory units × completed percentage + Transferred units × percentage of completion + ending work in process inventory units × percentage of completion

= 4,000 units × 100% + 88,800 units × 100% + 1,600 units × 60%

= 4,000 units + 88,800 units + 960 units

= 93,760 units

6 0

3 years ago