Question Completion:
Centerpiece Arrangements has just completed operations for the year ended December 31, 2018. This is the third year of operations for the company. The following data have been assembled for the business (Click the icon to view the assembled data of Centerpiece Arrangements.) Prepare the income statement of Centerpiece Arrangements for the year ended December 31, 2018. (If a box is not used in the table leave the box empty, do not select a label or enter a zero.) Net Income
i Data Table $ $ Insurance Expense Service Revenue Utilities Expense Rent Expense Common Stock Cash Retained Earnings, January 1, 2018 6,500 92,000 800 13,000 7,000 6,400 Salaries Expense Accounts Payable Office Supplies Dividends Accounts Receivable Equipment 42,000 2,600 2,500 4,500 3,500 27,600 5,200
Answer:
Centerpiece Arrangements
Income Statement for the year ended December 31, 2024:
Service Revenue $92,000
Expenses:
Insurance expense $6,500
Utilities expense 800
Rent expense 13,000
Salaries expense 42,000
Total Expense $62,300
Net Income $29,700
Explanation:
a) Data:
Trial Balance as for December 31, 2024:
$ $
Insurance Expense 6,500
Service Revenue 92,000
Utilities Expense 800
Rent Expense 13,000
Common Stock 7,000
Cash 6,400
Retained Earnings,
January 1, 2018 5,200
Salaries Expense 42,000
Accounts Payable 2,600
Office Supplies 2,500
Dividends 4,500
Accounts Receivable 3,500
Equipment 27,600
Total $106,800 $106,800
Answer:
$18,783
Explanation:
Ann Price loaned to Joe Kiger × Rate of Interest
Ann Price loaned to Joe Kiger$187,825
Rate of Interest 10%
Hence;
$187,825 × .10
= $18,783
Therefore amount of interest income should Ms. Price recognize in 2020 will be
$18,783
Answer:510 students
Explanation: given that total student is 850
And Of every 10 student 6 will have to sit for a refresher math course
Hence the number that will need a refresher math course will be (850/10)*6= 510
Or better still to better understand this let's use the crossing multiplication method
of 10 student 6must do a refresher math then
Of 850 students x must do a refresher math
Cross multiplying we have
X=(850*6)/10=510 students
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