Answer:
Dynamic Weight Loss Co.
DYNAMIC WEIGHT LOSS CO.
Classified Balance Sheet as of June 30, 20Y7
Assets
Current Assets:
Cash $119,630
Accounts Receivable 26,100
Prepaid Insurance 8,400
Prepaid Rent 6,000
Supplies 11,200
Total current assets $171,330
Long-term Assets:
Land 375,000
Equipment 325,900
Accumulated Depreciation (32,600) 293,300
Total long-term assets $668,300
Total assets $839,630
Liabilities and Equity
Current Liabilities:
Accounts Payable $10,830
Salaries Payable 7,500
Unearned Fees 21,000
Total current liabilities $39,330
Equity:
Common Stock 180,000
Retained Earnings 620,300
Total equity $800,300
Total liabilities and equity $839,630
Explanation:
a) Data and Calculations:
Trial Balance as of June 30, 20Y7
Account Titles Debit Credit
Cash $119,630
Accounts Receivable 26,100
Prepaid Insurance 8,400
Prepaid Rent 6,000
Supplies 11,200
Land 375,000
Equipment 325,900
Accumulated Depreciation - Equipment $32,600
Accounts Payable 10,830
Salaries Payable 7,500
Unearned Fees 21,000
Common Stock 180,000
Retained Earnings 620,300
Total $872,230 $872,230
Answer:
The correct answer would be B, Client Information Sheet.
Explanation:
When a patient is admitted in a hospital and has multiple ailments, like some kidney problem, heart problem, joints problem, blood pressure, sugar, etc, then there would be multiple doctors or the specialists who see the patient. They all will use a common Client information Sheet and put their reviews and suggestions on that sheet so that other doctors also have a look into that before giving medication to the specific patient. This is because all medicines can be just given to the patient without matching with the other medicines. For example there are some medicines of Blood Pressure that cant be given with the medicines of kidneys. So doctors have to give that medicine which matches the rest of the medicines. So when doctors will see the CIS, they will be able to continue the treatment of the patient with ease. So CIS provides continuity when multiple doctors are working on the same patient.
Answer:
a. Rp= 10.0hr
b. Tc= 1052 workers
c. n= 421 workstations
Explanation:
(a) Rp= Da/250Hsh. Rearranging, Hsh= Da/250Rp= 150,000/250(60) = 10.0 hr
(b) Tc= 60E/Rp= 60(0.95)/60 = 0.95 minTs= Tc– Tr= 0.95 – 0.10 = 0.85 minw= Min Int 14.0(60)/0.85(0.94) = 1051.3 rounded up to 1052 workers
(c) n= w/M= 1052/2.5 = 421 workstations
Answer:
$175,808
Explanation:
P=R (1-(1+i)^-n)/i
Where P=780,000*90%=$702,000
R=?
i=8%
N=5 years
By putting above values in formula, we get
P=R(1-(1+.08)^-5)/.08
702,000=R*3.993
R=702,000/3.993
R=$175,808
The question is incomplete as the figures are missing. The complete question is,
Fosnight Enterprises prepared the following sales budget:
Month Budgeted Sales
March $6,000
April $13,000
May $11,000
June $20,000
The expected gross profit rate is 20% and the inventory at the end of February was $7,000. Desired inventory levels at the end of the month are 30% of the next month's cost of goods sold. What are the total purchases budgeted for May?
Answer:
Purchases - May = $10960
Explanation:
To calculate the total value of purchases that are budgeted for May, we first need to calculate the cost of goods sold and the opening and closing inventory for May.
As the gross profit margin is 20%, the cost of goods sold will be 80% of sales.
Cost of goods sold for May = 0.8 * 11000 = $8800
Cost of goods sold for June = 0.8 * 20000 = $16000
Opening inventory - May = 8800 * 0.3 = $2640
Closing Inventory - May = 16000 * 0.3 = $4800
Purchases = Closing Inventory + Cost of Goods Sold for the month - Opening Inventory
Purchases - May = 4800 + 8800 - 2640
Purchases - May = $10960
