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
Answer:
Cash budget.
Explanation:
A company's expected receipts from sales and planned disbursements to pay bills is commonly called a cash budget.
A cash budget can be defined as a budget consisting of expected cash receipts or estimation of the cash flows and planned disbursements to pay bills, for a business over a specific period of time.
In Financial accounting, a cash budget is typically used to determine whether a business firm has sufficient funds for its smooth operations and evaluate if cash are being spent judiciously or productively. A cash budget comprises of financial items such as costs incurred or expenses paid, revenues generated, payments and loan receipts collected.
Answer:
resource immobility
Explanation:
"Resource Immobility" refers to<em> the ability of a company to enjoy a comparative advantage of its resources because other companies cannot easily copy their strategies and resources. </em>
So, in the situation above, the Southwest Airlines' (SWA) <u>offerings</u> (strategy) are <em>imperfectly imitable</em> by Continental and Delta. This makes the offerings by SWA valuable to the company. This has given the company a sustained competitive advantage over several decades since the other companies have a hard time copying it.
In this kind of scenario, the strategies and resources that are hard to imitate are often rare and costs a lot to organize.
Answer:
c) $5,000
Explanation:
Kansas Plating Company
Cost of Goods Manufactured.
DM used $40,000
Add Direct labor $70,000
Add Overhead $180,000
Total Manufacturing Costs 290,000
Work in Process Inventory
Add Begin. Inv. 5000
Avail. for mfg. 295,000
Less End. Inv. 3,500
0
Cost of goods mfg 260,000
As the beginning balances of materials direct labor and FOH are given we add these to get total manufacturing costs and also the ending balances are given of Cost of Goods Manufactured and ending Inventory we calculate backwards to get to the Work In Process opening Inventory.
