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leva [86]
3 years ago
12

Financial Statements from the End-of-Period Spreadsheet

Business
1 answer:
alexdok [17]3 years ago
5 0

Answer: See explanation

Explanation:

Triton Consulting Income Statement For the Year Ended April 30, 20Y3:

Fees earned 279000

Less: Expenses:

Salary expenses = 242000

Supplies expenses 1650

Depreciation expense. 900

Miscellaneous expenses 2000

Total expense = 246550

Net income 32450

Triton Consulting Balance Sheet April 30, 20Y3

Assets

Current assets

Cash 21500

Account receivable 51150

Supplies 750

Total current asset = 73400

Property, plant and equipments

Office equipment 32000

Accumulated Depreciation 5400

Total property,plant and equipment = 26600

Total asset = 100,000

Liabilities

Current liabilities:

Account payable: 3350

Salary payable: 2000

Total liabilities = 5350

Stockholders equity

Common stock 20000

Retained earnings 74650

Total stockholders equity = 94650

Total liability and stockholders equity = 100,000

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Answer:

Direct distribution

Explanation:

Direct distribution refers to a direct sales strategy where a company delivers its products directly to its costumers. This way the company avoids using intermediaries and retailers, and is able to either reduce distribution costs or increase profit margins.

8 0
3 years ago
In calculating the daily balance, cash advances are A. always added in. B. sometimes added in. C. sometimes subtracted out. D. a
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B. Sometimes added in

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4 years ago
What goals does the international monetary fund serve today?
makvit [3.9K]

The international monetary fund is an organization that is made up of 190 countries whose goals are to build international trade, promote economic development, and reduce poverty in the world.

The International Monetary Fund is a committee of many nations that are committed to developing the economy of their nations.

  • The goal is to reduce poverty and encourage international trade among nations.

  • They assist nations whose economies are struggling with loans that can help them wade through their difficult times.

Summarily, the IMF aims to reduce poverty in the world.

Learn more about IMF here:

brainly.com/question/10346932

8 0
3 years ago
On August 5, 2021, Carla Vista Furniture shipped 30 dining sets on consignment to Furniture Outlet, Inc. The cost of each dining
emmainna [20.7K]

Answer:

$15,592

Explanation:

Calculation to determine what The amount of cash received by Carla Vista furniture is

Cash received =[(20 × $920)*(100%-7%)] - $670 - $850

Cash received=($18,400*93%)-$670-$850

Cash received=17,112-$670-$850

Cash received=$15,592

Therefore The amount of cash received by Carla Vista furniture is $15,592

4 0
3 years ago
A manufacturing company has budgeted production at 940 units for the month. Each unit requires 3.5
USPshnik [31]

The total cost of direct labor for the month will be $ 49350, if the company has budgeted production at 940 units for the month, each unit requires 3.5 hours of labor to produce and the average labor rate is $15 per hour.

Explanation:

The given is,

          Total units produced in a month

                                 = 940 unit per month

          Time for each unit

                                 = 3.5 unit per hour

               Labor rate = $15 per hour

Step:1

           Total Labor working hours for 940 units,

                                  = Total units × Time for each unit

                                  = 940 × 3.5

                                  = 3290 hours

Step:2

           Labor cost total working hours

                                 = Total Labor working hours × Labor cost per hour

                                 = 3290 × 15

                                 = $ 49350

Result:

         The total cost of direct labor for the month will be $ 49350, if the company has budgeted production at 940 units for the month, each unit requires 3.5 hours of labor to produce and the average labor rate is $15 per hour.

5 0
3 years ago
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