_____ do much of the actual work to prepare for cases and are heavily relied upon by lawyers and law firms.

The transactions of Spade Company:

diamong [38]

Answer:

Trial Balance

Debit Credit

Cash $8,982

($16,500 - $479 + $1,947 - $9,125 - $530 + $1,469 - $800)

Common Stock $16,500

Office Supplies $479

Office Equipment $9,125

Accounts Payable ($9.125 - $9,125) $0

Service Fees ($1,947 + $3,498) $5,445

Accounts Receivable ($3,498 - $1,469) $4,967

Rent Expense $530

Dividends $800

Totals $21,945 $21,945

Explanation:

A trial Balance is a list of balances that are extracted from the ledger accounts from which the financial statements are prepared.

First Record the Transaction, then determine account balances.

a.

Cash $16,500 (debit)

Common Stock $16,500 (credit)

b.

Office Supplies $479 (debit)

Cash $479 (credit)

c.

Office Equipment $9.125 (debit)

Accounts Payable $9.125 (credit)

d.

Cash $1,947 (debit)

Service Fees $1,947 (credit)

e.

Accounts Payable $9,125 (debit)

Cash $9,125 (credit)

f.

Accounts Receivable $3,498 (debit)

Service Fees $3,498 (credit)

g.

Rent Expense $530 (debit)

Cash $530 (credit)

h.

Cash $1,469 (debit)

Accounts Receivable $1,469 (credit)

i.

Dividends $800 (debit)

Cash $800 (credit)

5 0

3 years ago

According to price progression, the lowest prices caskets are placed in the _______ quartile.

AlexFokin [52]

The lower-priced caskets are positioned in the higher mark-on quartile in accordance with price progression. Caskets that cost less will be marked up more.

<h3>What is Pricing Method?</h3>

The pricing method are the ways in which the cost of goods and services can be determined after taking into account all the variables influencing the pricing strategy as a whole, including the product or service, the competition, the target market, the product's life cycle, the firm's expansion plans, etc.

A pricing strategy is a plan or technique for choosing the most competitive price for a good or service. It assists you in setting prices while taking customer and market demand into account in order to maximize profits and shareholder value.

With this price strategy, as the consumer's investment rises, so does the value to them as opposed to value progressive pricing. An approach to pricing in which the cost of the casket and the markup are inversely related.

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7 0

2 years ago

Akua’s Paint Supply charges $15 per gallon of paint. Akua started with three employees, who together produced 40 gallons of pain

timofeeve [1]

Answer:

$70

Explanation:

Total revenue from three employees:

= No. of gallons of paint produced × Selling price per gallon

= 40 × $15

= $600

Total revenue from four employees:

= No. of gallons of paint produced × Selling price per gallon

= 48 × $15

= $720

Total revenue created by 4th worker:

= Total revenue from four employees - Total revenue from three employees

= $720 - $600

= $120

Cost of hiring 4th worker = $50 per day

Therefore,

Marginal profit for the fourth employee:

= Total revenue created by 4th worker - Cost of hiring 4th worker

= $120 - $50

= $70

4 0

3 years ago

Ekmark Corporation uses the following activity rates from its activity based costing to assign overhead costs to products: Activ

mel-nik [20]

Answer:

The correct answer is $10,014.40.

Explanation:

According to the scenario, computation of the given data are as follows:

Total cost of assembling = $6.56 × 240 = $1,574.40

Total cost of processing customer order = $65.38 × 48 = $3,138.24

Total cost of setting up batches = $82.84 × 64 = $5,301.76

So, we can calculate the total overhead cost by using following formula:

Total Overhead = $1,574.40 + $3,138.24 + $5,301.76

= $10,014.40

8 0

3 years ago

based on the information provided, what amount will be included as investment in saturn corporation in the consolidated balance

Nikolay [14]

based on the information provided, $60,000 amount will be included as investment in saturn corporation in the consolidated balance sheet immediately following the acquisition.

The Saturn Corporation, often known as Saturn LLC, was a General Motors subsidiary that began operations as an American automaker on January 7, 1985. In the beginning, the company was GM's attempt to directly compete with Japanese imports and transplants in the US compact car market. The company advertised itself as "a different kind of automotive company,"and it operated essentially autonomously from its parent company. introducing a new car, dealer network, pricing strategy, workforce, and independently run manufacturing facility in Spring Hill, Tennessee, in its entirety . Five years after the company's founding, the first automobiles themselves were launched, and they improved GM's spaceframe design while also demonstrating Saturn's value offer thanks to its dent-resistant polymer outer panels.

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4 0

1 year ago