Business
Business, 09.06.2020 14:57, smithmorgan773p35885

Ken Young and Kim Sherwood organized Reader Direct as a corporation; each contributed $41,000 cash to start the business and received 4,000 shares of stock. The store completed its first year of operations on December 31, 2014. On that date, the following financial items for the year were determined: cash on hand and in the bank, $36,500; amounts due from customers from sales of books, $27,100; equipment, $40,000; amounts owed to publishers for books purchased, $7,600; one-year note payable to a local bank for $3,150. No dividends were declared or paid to the stockholders during the year. Complete the following balance sheet at December 31, 2014.

Assets Liabilities
Stock Holder's Equity

Cash:
Accounts Payable:
Common Staock:

Accounts receivable:
Notes Payable:
Retained earnings: 10,850

eguipment:
Total Liabilities:
Total Stock holder's equity:

Total liabilities and stock holder's equity

Total Assets:

answer
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 19:30, ceceshelby51631
What would be the input, conversion and output of developing a new soft drink
Answers: 3
image
Business, 21.06.2019 21:30, Studyhard4706
8. agreement and disagreement among economists suppose that bob, an economist from a university in arizona, and cho, an economist from a public television program, are arguing over saving incentives. the following dialogue shows an excerpt from their debate: cho: i think it's safe to say that, in general, the savings rate of households in today's economy is much lower than it really needs to be to sustain an improvement in living standards. bob: i think a switch from the income tax to a consumption tax would bring growth in living standards. cho: you really think households would change their saving behavior enough in response to this to make a difference? because i don't. the disagreement between these economists is most likely due to . despite their differences, with which proposition are two economists chosen at random most likely to agree? rent ceilings reduce the quantity and quality of available housing. immigrants receive more in government benefits than they contribute in taxes. having a single income tax rate would improve economic performance.
Answers: 1
image
Business, 22.06.2019 06:30, brony2199
"in my opinion, we ought to stop making our own drums and accept that outside supplier's offer," said wim niewindt, managing director of antilles refining, n. v., of aruba. "at a price of $21 per drum, we would be paying $4.70 less than it costs us to manufacture the drums in our own plant. since we use 70,000 drums a year, that would be an annual cost savings of $329,000." antilles refining's current cost to manufacture one drum is given below (based on 70,000 drums per year):
Answers: 1
image
Business, 22.06.2019 08:00, browneyedbaby20
Lavage rapide is a canadian company that owns and operates a large automatic car wash facility near montreal. the following table provides data concerning the company’s costs: fixed cost per month cost per car washed cleaning supplies $ 0.70 electricity $ 1,400 $ 0.07 maintenance $ 0.15 wages and salaries $ 4,900 $ 0.30 depreciation $ 8,300 rent $ 1,900 administrative expenses $ 1,400 $ 0.03 for example, electricity costs are $1,400 per month plus $0.07 per car washed. the company expects to wash 8,000 cars in august and to collect an average of $6.50 per car washed. the actual operating results for august appear below. lavage rapide income statement for the month ended august 31 actual cars washed 8,100 revenue $ 54,100 expenses: cleaning supplies 6,100 electricity 1,930 maintenance 1,440 wages and salaries 7,660 depreciation 8,300 rent 2,100 administrative expenses 1,540 total expense 29,070 net operating income $ 25,030 required: calculate the company's revenue and spending variances for august.
Answers: 3
Do you know the correct answer?
Ken Young and Kim Sherwood organized Reader Direct as a corporation; each contributed $41,000 cash t...

Questions in other subjects:

Konu
Chemistry, 21.06.2019 20:00