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2 years ago

7

All of the following are inventory accounts for a manufacturer except: Multiple choice question. indirect materials inventory fi

nished goods inventory raw materials inventory work in process inventory

1 answer:

skelet666 [1.2K]2 years ago

4 0

Answer: Indirect Materials Inventory

Explanation:

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Which of the following statements best expresses how courts treat legal

liraira [26]

Answer:

B. Legal rules must always be upheld to the letter without exception if law and order are to be maintained.

Explanation:

I only just guessed but I hope this helped u.

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3 years ago

Read 2 more answers

1) Prepare an ending 2015 Income Statement and Balance Sheet from the following information: Sales $800,000; Cost of Goods Sold

anygoal [31]

Answer:

Ending retained earning for 2015 = $345,000

Total Assets = $645,000

Shareholder's equity = $445,000

Total liabilities = $200,000

Explanation:

a. Income Statement for the year ended 2015

<u>Details $ </u>

Sales 800,000

Cost of Goods Sold <u>300,000</u>

Gross profit 500,000

Advertising Expense (1,000)

Administrative Expenses (35,000)

Depreciation Expense (40,000)

Rent Expense <u> (5,000) </u>

Operating income 419,000

Interest Expense <u> (24,000) </u>

Income before tax 395,000

Taxation (40% * $395,000) <u> (158,000) </u>

Net income 237,000

Dividend paid <u> (137,000) </u>

Retained earning for the year 100,000

Beginning retained earning <u> 245,000 </u>

Ending retained earning <u> 345,000 </u>

a. Balance sheet as at the year ended 2015

<u>Details $ $ </u>

Assets:

Beginning Net Fixed Assets 600,000

Depreciation <u> 40,000</u>

Ending Net Fixed Assets 560,000

Current Assets:

Cash 20,000

Accounts Receivables 20,000

Inventory <u> 45,000</u>

Total Assets <u>645,000</u>

Shareholder's Fund:

Common Stock 100,000

Ending retained earning <u> 345,000</u>

Shareholder's equity 445,000

Bonds Outstanding 160,000

Accounts Payable 20,000

Accruals <u> 20,000 </u>

Total liabilities <u>200,000</u>

Total equities and Liabilities <u> 645,000</u>

8 0

3 years ago

The opportunity cost of holding money is ______.

Contact [7]

The opportunity cost of holding money is the interest forgone on an alternative asset.

<h3>What is asset?</h3>

An asset is any resource held or controlled by a business or economic entity in financial accounting. It is anything that has the potential to provide positive economic value. Assets represent ownership value that may be transformed into cash.

A business asset is something that has current or future economic worth to the company. In essence, assets for businesses encompass anything controlled and held by the company that is today valuable or has the potential to give monetary advantage in the future. Patents, machines, and investments are some examples.

Depreciation is the systematic distribution of an asset's depreciable amount throughout its useful life. The depreciable amount of an asset is equal to the asset's cost or another number substituted for cost, less its residual value.

To know more about asset follow the link:

brainly.com/question/25746199

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1 year ago

Stocks are shares of ownership in a company. A stock certificate represents stock ownership. It specifies the name of the compan

Anna11 [10]

Answer:

<u>Advantages</u>

Dividends

These are payments to shareholders as a way to share the profits the company has accumulated.

This is an advantage to the issuing company because they are usually not under any obligation to pay Dividends with respect to common Equity. As a result profits can be plowed back into the company to increase profitability.

Repaid

This refers to the fact that shareholders do not have to be repaid for their investment like debt holders are. Stock Holders bought a piece of the company instead of loaning money to the company so they do not have to be paid back. This is an advantage because it frees up Cashflow for the company as well as allowing it to maintain a better credit rating due to lower debts.

Future Buy-Back

This is a clause inherent in most shares. It means that the Issuing company can choose to buy back the stock at a given time in future.

This is an Advantage because it allows the Issuing company to regain control of the company at a future date.

<u>Disadvantages</u>.

Shareholders

Shareholders are people or entities who buy shares in the Issuing company. As such, they are owners in the company and have voting rights on decisions that the company makes. This is a disadvantage because it means loss of Independence for the company who now legally have to take the opinions of shareholders into account.

Net Profit After Tax

This is money that the company has after paying off interests and then taxes. This is the money that the company retains. Having shareholders means that a company may have to pay shareholders from this amount instead of retaining all of it thereby making it at a disadvantage to the Issuing company.

One Vote per Share

This means that every shareholder has a vote for every share they hold in the company. This means that Shareholders therefore have a say in the affairs of the company. This is a disadvantage to the Issuing company because it means a loss of Independence for them when decisions need to be made.

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3 years ago

In 1679 new hamisphere was

weqwewe [10]

In 1679 , New hemisphere was separated from Massachusetts.
New hemisphere become a royal colony of the british crown.

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3 years ago