Answer:
Common Stock 100,000
Retained Earnings 425,000
Total 525,000
Explanation:
Paradise Travel Service Statement of Net Income
Fees Earned : 900,000
Less Office Expense : (300,000)
Less Miscelleaneous Expenses :( 15,000)
Less Wages expense (450,000)
Net Earnings 135,000
Paradise Travel Service statement of stockholders’ equity for the year ended May 31, 20Y6
Common stock Retained Earning Total
Balance Jan 1 60,000 300,000 360,000
Additional Invested capital
40,000 - 40,000
Net Income :
- $135,000 $135,000
Less Dividends paid
- ($10,000) ($10,000)
Balance, May 31 20y6
100000 425000 525000
Common Stock 100,000
Retained Earnings 425,000
Total 525,000
Answer:
The question is not complete,find in the attached the complete of questions as well as the spread sheets containing all calculations
Explanation:
Costs of finished goods manufactured
Direct materials used 69000
Direct labour 130000
Prime cost 199000
Total manufacturing overhead 145600
Opening work in progress 45000
closing work in progress -99600
Costs of finished goods manufactured 290000
Overabsorption of overhead=overhead used-actual overhead 15600 Net income=sales-costs of good sold-total adminand selling expense24600
Answer:
(a) the financial ratio will be calculated with the projections of the cash flow. This will help the company to determinate their liquidity needs and their other atios as to budget the cash flow, the company had to solve for their dividend plan (to solve for financing activities cashflow) this will allow to calcualte for dividend per share for example. Also, the budget solve for purchase and sale of long-term equipment this makes the company to plan ahead how it is going to finance this. It will allow to solve the long term debt to equity, the long term asset to equity among other.
Resuming the budgeting of the financial statement will allow the managers to check for the performance of the company if operations runs according to plan.
(b) the budget allow to forecast the future while it is certain that actual values will differ if it isn't working in the papper there are less chances of a good output in real-life thus, It is used to discard bad project and only actual realize thoseth good odds. Also, is a resource of control once the operation are concluded to look for deviancy. Whitout budgeting accounting there is no way to plant ahead the use of cash to the business requirement.
Explanation:
Answer:
Explanation: The database contains three tables containing information about this company's sales process: Inventory, Sales and Sales items.
The relationship between the above stated database content are:
1. Sales items are what is included in the inventory,
2. Inventory is a list of items available for sale.
3. Sales is the exchange of Inventory for cash.
4. As cash is collected, inventory reduces in quantity.
5. Sales items are included in the inventory and sales is the exchange of sales item for cash.
Updating accounts receivable is part of revenue cycle.
The procedure used by healthcare systems in the United States and around the world to track patient income, from their initial appointment or encounter with the healthcare system to their final payment of debt, is known as revenue cycle management (RCM). It is a typical component of healthcare management.
What is revenue cycle?
- The phrase "all administrative and clinical functions that contribute to the capture, management, and collection of patient service revenue" can be used to describe the revenue cycle.
- It is a cycle that explains and illustrates a patient's life cycle (and the ensuing income and payments) during a typical medical interaction, from admission (registration) through final payment (or adjustment off of accounts receivables).
- After a patient makes an appointment, the revenue cycle starts, and it ends when the healthcare provider has taken all of the payments. Errors in revenue cycle management may result in payments to the healthcare provider being delayed or nonexistent altogether.
- Healthcare providers can outsource their revenue cycle management to businesses that handle this complex process with specialized agents and proprietary technologies to manage healthcare provider revenue cycles because the revenue cycle process is complex and subject to regulatory supervision.
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