What is the best thing to say when somebody knocks on the bathroom door

Elliptical Consulting is a consulting firm owned and operated by Jayson Neese. The following end-of-period spreadsheet was prepa

skad [1K]

Answer and Explanation:

The Preparation of income statement, retained earnings statement, and balance sheet is prepared below:-

Elliptical Consulting

Income statement

For the Year Ended June 30, 2016

Particulars Amount

Revenue

Fees earned $60,000

Less:

Expenses

Salary expense $32,375

Supplies expense $2,100

Depreciation expense $1,500

Miscellaneous expense $2,000

Total expense $37,975

Net income $22,025

Elliptical Consulting

Retained earning

For the Year Ended June 30, 2016

Particulars Amount

Opening balance $52,200

Add:Net income for the year $22,025

Total $74,225

Less: Dividends $2,000

Closing balance of retained

earnings $72,225

Elliptical Consulting

Balance Sheet

For the Year Ended June 30, 2016

Particulars Amount

Assets

Cash $27,000

Accounts receivable $53,500

Supplies $900

Total current assets $81,400

Property plant and equipment

Office Equipment $30,500

Less:Accumulated

Depreciation $6,000 $24,500

Total Assets $105,900

Liabilities & Stockholder's Equity

Accounts payable $3,300

Salaries payable $375

Total liabilities $3,675

Stockholder's Equity

Common Stock $30,000

Retained earnings $72,225

total stockholders Equity $102,225

Total liabilities and Stockholder's

Equity $105,900

8 0

3 years ago

In which careers could someone be self employed? Check all that apply. Greenhouse Manager Animal Breeder Public Parks Groundskee

Gnom [1K]

The careers where an individual can be self employed include:

Greenhouse manager.
Animal breeder
Baker.
Agricultural equipment operator.

A self-employed person simply means an individual who earns their living from any independent pursuit of economic activity.

It's the state of working for oneself. Examples include greenhouse manager, animal breeder, baker, and gricultural equipment operator.

Learn more about self employment on:

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3 0

2 years ago

Read 2 more answers

A fleet repair facility has the capacity to repair 800 trucks per month. However, due to scheduled maintenance of their equipmen

Svetlanka [38]

Answer:

Efficiency of the repair shop is 66.67%

Explanation:

Efficiency is the ability to avoid the available resources such as workforce, time, money, material etc. The maximum output in the available resources is efficiency.

Total Capacity of repair fleet = 800 trucks

Effective Capacity of repair fleet = 600 trucks

Actual Output = 400 trucks

Trucks Utilization = Actual Output / Total Capacity = (400 / 800) x 100 = 50%

Efficiency = Actual output / Effective Capacity = (400 / 600) x 100 = 66.7%

7 0

3 years ago

Mike relocated for work and learned that the region in which he planned to buy a home had many old underground mines. In fact, M

4vir4ik [10]

The issue that a home inspector will flag for Mike, given the concerns about a undermining, is the formation of a sinkhole on the property

The reason for the presence of a sinkhole on the property being raised by the home inspector is as follows;

The location Mike intended to buy a home is one with several underground mines, such that Mike could need mine subsidence insurance

A home inspection is an aid that helps a person intending to but a house make more informed decisions about the home under consideration

The function of an home inspector includes the identification of the issues that could possibly arise and the maintenance to be expected on the property, and therefore, the risks and opportunity in the purchase

Among the potential risk that will raised by a home inspector on the property with underground mines include the possibility of a sinkhole on the property

A sinkhole is a surface depression that results due to dissolution of near surface rocks by water draining into cavities under the soil surface, thereby eroding the rock such limestone, underneath, that develops in a manner which is not readily obvious or predictable

Sinkhole are not covered by most homeowner's insurance policy, making the property a money pit

Therefore, the home inspector might flag the likelihood of a sinkhole on the property

Learn more about home insurance and home inspection here;

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8 0

3 years ago

You are considering two savings options. Both options offer a rate of return of 7.6 percent. The first option is to save $2,500,

Ostrovityanka [42]

Answer: $6,891

Explanation: This question requires that the principle amount be calculated. This is the current value of the lump sum saving on the first day, before interest has been compounded. In essence this is the original savings value. To calculate this value, the compound interest formula can be used. However this formula needs to be manipulated so that the principal value, P, is determined:

P = $\frac{A}{(1 + i)^{n} }$