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3 years ago

Select the items below which must be adjusted to the book balance: ________

Business

1 answer:

Alona [7]3 years ago

6 0

Answer:

b. Book Error

e. Interest earned on the Checking account

f. Collections of Accounts receivable by the bank.

Explanation:

Items which must be adjusted to the book balance as this question is concerned are Book Error, Interest earned on the Checking account & Collections of Accounts receivable by the bank.

These above items require adjustment in book balance to compute the adjusted book balance.

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Youngstown Rubber reports the following data for its first year of operation. Direct materials used $710,200 Direct Labor 350,00

ser-zykov [4K]

Answer:

$1,160,300

Explanation:

Total Manufacturing Costs are all costs related to the production of goods to be sold. This consists of direct costs such as labor and material and other indirect costs such as electricity and rentals.

Calculation of total manufacturing costs :

Cost of goods manufactured 1,030,300

Add Closing Work In Process 130,000

Less Beginning Work In Process 0

Total manufacturing costs $1,160,300

6 0

3 years ago

Cash $ 8,600 Accounts receivable 16,500 Office supplies 2,000 Trucks 173,000 Accumulated depreciation—Trucks $ 35,638 Land 75,00

True [87]

Answer:

Net Income $23,588

Retained Earnings $140,088

Explanation:

To calculate the value of the retained earning at the end of the next year it's necessary to find the income of the current year and then deduct the dividends paid during the year, the remaining value adds to the retained earnings.

This value that we get of retained earnings at the end of the year, it's the value missing at the end of the year to explain the accounting equation of Assets = Liabilitites + Equity

Income Statement Blink

Trucking fees earned $ 135,000

Depreciation expenses -$ 22,987

Salaries expenses -$ 63,315

Office Supllies expenses -$ 13,500

Repair expenses -$ 11,610

Income $ 23,588

Retained Earnings Report

Opening retained earnings $ 135,500

Add: Net Income $ 23,588

Subtotal $ 159,088

Less: Dividens -$ 19,000

Total $ 140,088

BALANCE SHEETS Dec 31

Cash $ 8,600

Accounts Receivable $ 16,500

Office Supplies $ 2,000

TOTAL CURRENT ASSETS $ 27,100

Equipment $ 173,000

Accum Depreciation Truck -$ 35,638

Land $ 75,000

TOTAL NONCURRENT ASSETS $ 212,362

TOTAL ASSETS $ 239,462

Accounts Payable $ 12,600

Interest Payable $ 3,000

TOTAL CURRENT LIABILITIES $ 15,600

Long Term Notes Payable $ 52,000

TOTAL NONCURRENT LIABILITIES $ 52,000

TOTAL LIABILITIES $ 67,600

Common Stock $ 31,774

Retained Earnings $ 140,088

TOTAL EQUITY $ 171,862

7 0

3 years ago

At the beginning of the year, Vendors, Inc., had owners' equity of $50,435. During the year, net income was $6,675 and the compa

iogann1982 [59]

Answer:

Total cash flow to stockholders 13,320‬

Explanation:

We should consider the actual cash paid by the firm in favor of the stockholders. Net income doesn't represent cashflow is the amount earned by the company but a portion of it is reinvested or hold by the firm. What it matter for cashflwo arethe cash dividends and treasury stock as these are actual cashflow in going into the stockholders pockets

from dividends 4,535

from stock repurchase 8,785

Total cash flow to stockholders 13,320‬

8 0

3 years ago

Which of the choices is an example of offshore outsourcing?

Alexxx [7]

Answer:

None of the choices describe offshore outsourcing.

Explanation:

Offshore outsourcing is when a company hires a third party in another country to do some tasks for the company.

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