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Scorpion4ik [409]
3 years ago
6

The trial balance of Blues Traveler Corporation does not balance.

Business
1 answer:
Anna [14]3 years ago
8 0

Answer:

Total DEBIT SIDE $24,509

Total CREDIT SIDE $24,509

Explanation:

Preparation of a corrected trial balance..

BLUES TRAVELER CORPORATION

Trial Balance April 30,2020

DEBIT SIDE

Cash $5,992

(5992+270-135-135=$5,992)

(1,890-1,620=270)

Accounts Receivable $5,010

(5,280-270=$5,010)

(1,890-1,620=270)

Supplies $3,007

Equipment $9,500

(6,140+3,360=$9,500)

Office Expense $1,000

(4,360-3,360=$1,000)

Total DEBIT SIDE $24,509

CREDIT SIDE

Accounts payable $7,084

Common stock $8,040

Retained earnings $2,040

Service revenue $7,345

(5,240+2,025+80=$7,345)

(2,290-265=2,025)

($5,320 - $5,240=80)

Total CREDIT SIDE $24,509

Therefore the corrected trial balance Total DEBIT SIDE and Total CREDIT SIDE will be $24,509

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True or false? the internal revenue code forbids nonprofit hospitals to make a profit.
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7 0
2 years ago
1. Harley Davidson has its engine plant in Milwaukee and its motorcycle assembly plant in Pennsylvania. Engines are transported
Serggg [28]

Answer:

Company should load 1,479.9 motorcycles on each truck.

Explanation:

Cost per trip = $1,000

Demand for motorcycles = 300 per day

Cost per engine = $500

Holding cost =  20% of $500

                     = $100

Assuming that company plant works for 365 days in a year,

Annual demand = 300 motorcycles × 365 days

                           = 109,500 motorcycles

Economic\ order\ quantity\ for\ each\ truck=\sqrt{\frac{2DS}{H}}

where,

D = Annual demand in units

S = Set up cost per order

H = Handling cost per order

Economic\ order\ quantity\ for\ each\ truck=\sqrt{\frac{2\times109,500\times1,000}{100}}

=\sqrt{\frac{219,000,000}{100} }

\sqrt{2,190,000}

= 1,479.9

Thus, the company should load 1,479.9 motorcycles on each truck.

5 0
3 years ago
Suppose you are going to receive $13,200 per year for five years. The appropriate interest rate is 8.1 percent.
sertanlavr [38]

Answer:

a-1) Pv = 52549

a-2) Pv = 56822

b-1) Fv = 77570

b-2 Fv = 83878

Explanation:

b-1) Future value:

S= Sum of amount of annuity=?

n=number of fixed periods=5 years

R=Fixed regular payments=13200

i=Compound interest rate= .081 (suppose annualy)

we know that ordinary  annuity:

S= R [(1+i)∧n-1)]/i

   = 13200[(1+.081)∧5-1]/.081

    =13200(1.476-1)/.081

    = 13200 * 5.8765

  S  = 77570

a.1)Present value of ordinary annuity:

Formula: Present value = C* [(1-(1+i)∧-n)]/i

                                  =13200 * [(1-(1+.081)∧-5]/.081

                                 =13200 * (1-.6774)/.081

                                =13200 * (.3225/.081)

                                =52549

a.2)Present value of ordinary Due:

Formula : Present value = C * [(1-(1+i)∧-n)]/i   *  (1+i)

                                    =  13200 * [(1- (1+.081)∧-5)/.081   * (1+.081)

                                 = 13200  * 3.9822 *  1.081

                               =  56822

b-2) Future value=?

we know that:         S= R [(1+i)∧n+1)-1]/i ]  -R

                             = 13200[ [ (1+.081)∧  5+1 ]-1/.081]   - 13200

                           = 13200 (.5957/.081)   -13200

                         = (13200 * 7.3544)-13200

                         = 97078  -  13200

                       =  83878

5 0
3 years ago
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Answer:

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Explanation:

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