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Nitella [24]
3 years ago
10

Pablo was reviewing the water bill for his carwash business and determined that the highest​ bill, $5,000, occurred in july when

​ 4,000 cars were washed and the lowest​ bill, $4,000, occurred in february when​ 2,000 cars were washed. what was the fixed portion of the water​ bill?
Business
1 answer:
4vir4ik [10]3 years ago
8 0

The easiest way to solve this is to work with two equations:

<span>X + 4000Y = $5000  (1)</span>

<span>X + 2000Y = $4000  (2)</span>

Where X is the fixed portion of the water bill and Y is the cost of water per car.

 

Solve for X for each equation:

<span>X = $5000 – 4000Y  (3)</span>

<span>X = $4000 – 2000Y  (4)</span>

 

Therefore:

$5000 – 4000Y = $4000 – 2000Y (5)

 

Solve for Y:

Y = $0.5

 

Substitute into equation1:

X + 4000(0.5) = $5000

<span>X = $3000</span>

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g The following information relates to XYZ Company: January 1, 2023: Liabilities ............... $137,000 Retained earnings ....
Georgia [21]

Answer:

The common stock at January 1, 2023 is \$ 77,000

Explanation:

Total equity                                \$258,000

Total Liabilities                           \$123,000

Total asset as on December     \$381,000

Learn more about common stock, refer :

brainly.com/question/11453024

5 0
2 years ago
On January 1, the first day of its fiscal year, Pretender Company issued $12,700,000 of five-year, 11% bonds to finance its oper
yarga [219]

Answer:

1) Debit Bank $11787069 Debit bond discount $912931 ; Credit Bond $12700000

2) Debit Interest expense $751293 ; Credit Bank $660,000 Credit Discount on Bond payable $91293

3 )Debit interest expense $ 751293 ; Credit bank 660000, Credit discount on bond payable $91293

b)Interest expense = $1502586

c)It is because a financial crisis might have happened prior to issuing the bond and the company still went ahead with issuing even though the rate has changed.

Explanation:

interest expense = 12000000 * 0.11 * 6/12=$660000

discount on bond payable = $912931 /5 = 182586 /2= 91293

Interest expense = $751293 * 2 = $1502586

7 0
2 years ago
In a period of rising prices, the inventory method that produces the lowest ending inventory is the:
Dmitry [639]

Answer:

LIFO Periodic method

Explanation:

The LIFO means Last In First Out this means that item that have been stocked today would be sold first although there’s still some inventory from previous periods.

Using LIFO would result in lower ending inventory because closing inventory would be valued at low price which they had been bought assuming that there’s now a hick in price and goods in the warehouse were stocked when prices were low.

LIFO is used for the manipulation of profit.

8 0
3 years ago
Plz solve its timed!!!
Luda [366]

Answer:

Revaluation of assets and liabilities

Explanation:

The main adjustments required at the time of a partner from a partnership firm: Change in the profit sharing ratio. Accounting treatment of goodwill.

5 0
2 years ago
​Wellness, a healthy living​ magazine, collected in subscription revenue on May 31. Each subscriber will receive an issue of the
PIT_PIT [208]

Answer: $220,000

Explanation:

Using the Accrual Method of Accounting means that revenue is only to be recorded when it is earned i.e. when services have been delivered.

Any revenue received when the services have not been delivered will be recorded as Unearned Revenue.

With $528,000 in subscription revenue, the monthly subscription is;

= 528,000/12

= $44,000

From June to December would be 7 months so they would have earned;

= 44,000 * 7

= $308,000

The amount that they have not earned but have received would therefore be;

= 528,000 - 308,000

= $220,000

<em>This amount will be recorded after they finish deliveries of magazines in next year May. </em>

7 0
3 years ago
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