Answer: $332,540
Explanation: find attached my solution in the document below.
NB : note that the Insurance after equipment placed in service and Insurance for the first year of operations was not added because these are to be termed expenses to be deducted in the P & L account.
Answer:
Revenues are closed out to Equity (Retained Earnings) for Corporate.
Explanation:
Actually, for both Sole Proprietor and Corporate, the account that is closed out to Capital or Equity is the difference between the Revenue and the Expenses for the accounting period. This is more specifically referred to as Net Income. This is the bottom-line profit, which is available for distribution to the owners of the entity in the form of capital withdrawals for Sole Proprietorships and dividends for Corporate entities.
a data analyst is working on a project about the global supply chain. It speaks of information that is inadequate because it is spatially restricted. The dataset should be worldwide if the analytics project has a global focus.
<h3>What is Global supply-chain ?</h3>
Global supply-chain management is the process of distributing goods and services among a transnational corporation's global network in an effort to increase profit and minimize waste. Global supply chain management is essentially the same as supply chain management, but it gives international enterprises and organizations more of a focus.
The six main areas of focus in global supply-chain management are logistics management, customer orientation, competitor orientation, supply-chain coordination, supply management, and operations management. These six areas of specialization can be divided into groups using marketing, logistics, supply management, and operations management.
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Answer:
a. Purchased $133 of supplies for cash.
Effect on Cash: -$133
Effect on Net Income: -
b. Recorded an adjusting entry to record use of $31 of the above supplies.
Effect on Cash: -
Effect on Net Income: -$31
c. Made sales of $1,297, all on account.
Effect on Cash: -
Effect on Net Income: $1,297
d. Received $865 from customers in payment of their accounts.
Effect on Cash: $865
Effect on Net Income: -
e. Purchased equipment for cash, $2,528.
Effect on Cash: -$2,528
Effect on Net Income: -
f. Recorded depreciation of building for period used, $610.
Effect on Cash: -
Effect on Net Income: -$610
