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Bezzdna [24]
3 years ago
9

Pls help me and thank you

Business
2 answers:
Mandarinka [93]3 years ago
8 0

Answer:

C

Explanation:

10000/1500

Lesechka [4]3 years ago
8 0
The right answer is C :)
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The following is the ending balances of accounts at December 31, 2021, for the Vosburgh Electronics Corporation.
Maurinko [17]

Answer:

Vosburgh Electronics Corporation

Classified Balance Sheet

As of December 31, 2021:

Assets

Current Assets:

Cash                                           $67,000

Short-term investments             182,000

Accounts receivable                  123,000  

Allowance for uncollectible         (8,000)

Inventory                                    215,000

Receivables from employees    40,000

Notes receivable (short-term)   67,000

Interest receivable                     12,000

Prepaid expenses (for 2022)    16,000

Total current liabilities                                 $714,000

Long-term Assets:

Land                                         280,000

Building                                 1,550,000

Accumulated depreciation    (620,000)  

Equipment                               637,000

Accumulated depreciation    (210,000)

Patent (net)                              152,000

Franchise (net)                         40,000

Notes receivable                    183,000

Long-term investments          35,000

Total long-term assets                             $2,047,000

Total assets                                               $2,761,000

Liabilities + Equity:

Liabilities

Current Liabilities:

Accounts payable                                     $189,000

Dividends payable (payable on 1/16/2022) 10,000

Interest payable                                            16,000

Income taxes payable                                 40,000

Deferred revenue                                       48,000

Total current liabilities                                                $303,000

Long-term liabilities:

Deferred revenue                                        12,000  

Notes payable                                           300,000

Total Long-term liabilities                                          $312,000

Total Liabilities                                                           $615,000

Equity:

Common stock, 1.4 million authorized

670,000 shares issued & outstanding 2,000,000

Retained earnings                                      146,000

Total Equity                                                            $2,146,000

Total liabilities + equity                                          $2,761,000

Explanation:

a) Data and Calculations:

Account Title                              Debits        Credits

Cash                                        $67,000

Short-term investments          182,000

Accounts receivable               123,000

Long-term investments           35,000

Inventory                                 215,000

Receivables from employees 40,000

Prepaid expenses (for 2022)  16,000

Land                                      280,000

Building                              1,550,000

Equipment                            637,000

Patent (net)                           152,000

Franchise (net)                      40,000

Notes receivable                250,000

Interest receivable                12,000

Accumulated depreciation—building      $620,000

Accumulated depreciation—equipment    210,000

Accounts payable                                       189,000

Dividends payable (payable on 1/16/2022) 10,000

Interest payable                                            16,000

Income taxes payable                                  40,000

Deferred revenue                                        60,000

Notes payable                                            300,000

Common stock, 1.4 million authorized

670,000 shares issued & outstanding 2,000,000

Retained earnings                                      146,000

Totals                            $3,599,000    $3,599,000

Adjustments:

Common stock, 1.4 million shares of no par stock authorized,

670,000 shares issued and outstanding

Receivables from employees are short-term assets

Notes receivable 250,000

Short-term =          67,000

Long-term =         183,000

Deferred Revenue:

Short-term = $48,000 ($60,000 * 80%)

Long-term = $12,000 ($60,000 * 20%)

8 0
3 years ago
Match the treatment of unrealized gains and losses on debt investments existing at the time of transfer between investment categ
lisov135 [29]
Option D

Because the answer is AFS to HTM- Amortize to net income over remaining life.
5 0
2 years ago
Constable Co. reported the following information at December 31, Year 1: Accounts Payable $ 4,620 Accounts Receivable 9,470 Cash
avanturin [10]

Answer:

The total of the credit balance accounts is $117,260

Explanation:

In the classified balance sheet, we summarize the asset and liabilities into various types

Like assets are divided into fixed assets, current assets, and intangible assets.

Likewise, liabilities are also divided into current liabilities, long term liabilities

In every balance sheet, the accounting equation has used that means

Total assets = Total liabilities + Shareholder equity

The total assets have the debit balances whereas the total liabilities and the shareholder equity have the credit balances

So, The computation is shown below:

= Accounts Payable + Common Stock + Notes Payable  + Retained Earnings + Wages Payable

= $4,620 + $91,200 + $2,620 + $14,210 + $4,610

= $117,260

6 0
2 years ago
When its sales were declining, canadian airline conducted a marketing survey to understand the expectations of the business trav
Montano1993 [528]

Answer:

The correct answer would be, The Canadian Airline would have used Lost Customer Recovery Strategy.

Explanation:

When the sales of the Canadian Airline declines, they surveyed their target market which is Business Class Travelers. From the responses of the customers, they found out that customers feel bounded by the staff of the airplane. They think that they were totally controlled by the staff on board.

Now if the Canadian Airline would have surveyed their former customers, then they would have known why they left their airline, and what was their concerns and what they want in this airline; then the strategy used by them would have Lost Customer Recovery Strategy.

7 0
3 years ago
"if Washburn achieves the sales target of 2,000 units at the $349 retail price, what will its profit be?"
dybincka [34]

Answer: $370,000

Explanation:

Your question isn't complete as there were some further questions asked before getting to this question.

The profit from 2,000 units at $349 will be:

Profit = Total revenue – Total cost

Total revenue = (P x Q)

= $349 x 2000

= $698000

Total cost = [FC + (UVC x Q)]=

= [$38,000 + ($145 x 2,000)]

=$38000 + $290000

= $328000

Profit = Total revenue - Total cost

Profit = $698000 - $328000

Profit = $370000

5 0
2 years ago
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