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Sophie [7]
3 years ago
15

Please subscribe to my mom channel please​

Business
1 answer:
Alexxandr [17]3 years ago
6 0

Answer:

I did it already

Explanation:

pls mark brainliest

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Your cash t-account has a beginning debit balance of $5,000. New debits are $500 and new credits are three times new debits. Wha
gulaghasi [49]

Answer: 4000

Explanation:

7 0
3 years ago
Compute the current ratio, acid-test ratio, and gross margin ratio as of January 31, 2013. (Round your answers to 2 decimal plac
maxonik [38]

Answer:

NELSON COMPANY

A. Current Ratio = Current Assets/Current Liabilities

= $38,500/$13,000

= 2.96 : 1

B. Acid-test Ratio = Current Assets - Inventory/Current Liabilities

= $24,600/$13,000

= 1.89 : 1

C. Gross margin ratio = Gross margin/Net Sales x 100

= $70,750/$110,950 x 100

= 63.77%

Explanation:

a) Data and Calculations:

NELSON COMPANY

1. Unadjusted Trial Balance  as of January 31, 2013

                                                       Debit     Credit

Cash                                          $ 24,600

Merchandise inventory                12,500

Store supplies                               5,900

Prepaid insurance                         2,300

Store equipment                        42,900

Accumulated depreciation—

    Store equipment                                  $ 19,950

Accounts payable                                         13,000

J. Nelson, Capital                                        39,000

J. Nelson, Withdrawals                2,100

Sales                                                            115,200

Sales discounts                          2,000

Sales returns and allowances   2,250

Cost of goods sold                  38,000

Depreciation expense—

      Store equipment              0

Salaries expense                     31,300

Insurance expense                 0

Rent expense                         14,000

Store supplies expense         0

Advertising expense              9,300

Totals                                $ 187,150       $ 187,150

2. Adjusted Trial Balance as of January 31, 2013

                                                       Debit     Credit

Cash                                          $ 24,600

Merchandise inventory                10,300

Store supplies                                2,800

Prepaid insurance                             800

Store equipment                         42,900

Accumulated depreciation—

    Store equipment                                  $ 21,625

Accounts payable                                         13,000

J. Nelson, Capital                                        39,000

J. Nelson, Withdrawals                2,100

Sales                                                            115,200

Sales discounts                          2,000

Sales returns and allowances   2,250

Cost of goods sold                  40,200

Depreciation expense—

      Store equipment                 1,675

Salaries expense                     31,300

Insurance expense                   1,500

Rent expense                         14,000

Store supplies expense           3,100

Advertising expense               9,300

Totals                               $ 188,825      $ 188,825

3. NELSON COMPANY

Income Statement for the year ended January 31, 2013:

Sales Revenue                                     $110,950

Cost of goods sold                                40,200

Gross profit                                          $70,750

Depreciation expense—

      Store equipment                 1,675

Salaries expense                     31,300

Insurance expense                   1,500

Rent expense                         14,000

Store supplies expense           3,100

Advertising expense               9,300    60,875  

Net Income                                         $ 9,875

4. Sales Revenue                    $115,200

   Sales discount & allowances (4,250)

  Net Sales Revenue             $110,950

5. NELSON COMPANY

Balance Sheet as of January 31, 2013:

Assets:

Cash                                                         $ 24,600

Merchandise inventory                               10,300

Store supplies                                               2,800

Prepaid insurance                                            800

Current Assets:                                           38,500

Store equipment                         42,900

Accumulated depreciation—

    Store equipment                   (21,625)     21,275

Total Assets                                             $ 59,775

Liabilities + Equity:

Accounts payable                                       $13,000

J. Nelson, Capital                                         39,000

J. Nelson, Withdrawals                                 (2,100 )

Net Income                                                 $ 9,875

Total Liabilities + Equity                         $ 59,775

a) Nelson Company's current ratio is the measure of the company's ability to settle maturing short-term liabilities with short-term financial resources.  It is is measured as the relationship between current assets and current liabilities.

b) Nelson's acid-test ratio takes away the encumbrances that can slow the conversion of current assets into cash for the settlement of current liabilities.  In this case, the inventory, stores supplies, and prepaid insurance are excluded.

c) Nelson has a robust gross margin ratio of more than 60%.  This means that it is able to limit the cost of goods sold to below 40%.  However, management of Nelson Company is unable to control its periodic costs in order to generate reasonable net income, as it can only turn less than 9% of the sales into returns for J. Nelson.

7 0
2 years ago
What do alphas in the world state use for personal transportation?
Afina-wow [57]
Alpha transport is a concept that stands for <span>the separation of ‘active’ risk from the underlying market risk – typically expressed as a benchmark. </span>
3 0
2 years ago
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Selected transactions for Alvarado Company during its first month in business are presented below. Alvarado's chart of accounts
antiseptic1488 [7]

Answer:

cash     10,000 debit

  common stock   10,000 credit

equipemnt 12,000 debit

       cash                    4,000 credit

      account payable 8,000 credit

account payable  2,400 debit

               cash            2,400 credit

dividends          500 debit

        cash                 500 credit

Explanation:

To record the events in the journal entry we must make sure debit = credit on eahc of them

Cash,  will increase from debit so when cahs enters the company is being debit

when cash leaves the company/ it is used we credited.

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What are the 7 steps in the decision making process
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Answer:

7 decision-making process steps

Identify the decision. To make a decision, you must first identify the problem you need to solve or the question you need to answer. ...

Gather relevant information. ...

Identify the alternatives. ...

Weigh the evidence. ...

Choose among alternatives. ...

Take action. ...

Review your decision.

Explanation:

7 decision-making process steps

<u>Identify the decision. To make a decision, you must first identify the problem you need to solve or the question you need to answer. ... </u>

<u>Gather relevant information. ... </u>

<u>Identify the alternatives. ... </u>

<u>Weigh the evidence. ... </u>

<u>Choose among alternatives. ... </u>

<u>Take action. ... </u>

<u>Review your decision.</u>

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