Business
Business, 18.06.2020 23:57, citiboy45

Finley CompanyEnd-of-Period SpreadsheetFor the Year Ended December 31Adjusted Trial BalanceIncome StatementBalance SheetAccount 16,000 16,000Accounts Receivable6,000 6,000Supplies2,000 2,000Equipment19,000 19,000Accumulated Depr. 6,000 6,000Accounts Payable 10,000 10,000Wages Payable 2,000 2,000Common Stock 5,000 5,000Retained Earnings 11,640 11,640Dividends1,000 1,000Fees Earned 40,291 40,291 Wages Expense20,072 20,072 Rent Expense5,057 5,057 Depreciation Expense5,802 5,802 Totals74,93174,93130,93140,29144,00 034,640Net Income (Loss) 9,360 9,36040,29140,29144,00044,000The ending balance of retained earnings is:$16,640$0$9,360$20,000

answer
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 21:00, libi052207
The management of a private investment club has a fund of $250,000 earmarked for investment in stocks. to arrive at an acceptable overall level of risk, the stocks that management is considering have been classified into three categories: high risk (x), medium risk (y), and low risk (z). management estimates that high risk stocks will have a rate of return of 15%/year; medium risk stocks, 10%/year; and low risk stocks, 6%/year. the amount of money invested in low risk stocks is to be twice the sum of the amount invested in stocks of the other two categories. if the investment goal is to have a rate of return of 9% on the total investment, determine how much the club should invest in each type of stock. (assume that all the money available for investment is invested.)
Answers: 3
image
Business, 22.06.2019 02:50, dreyes439
Grey company holds an overdue note receivable of $800,000 plus recorded accrued interest of $64,000. the effective interest rate is 8%. as the result of a court-imposed settlement on december 31, year 3, grey agreed to the following restructuring arrangement: reduced the principal obligation to $600,000.forgave the $64,000 accrued interest. extended the maturity date to december 31, year 5.annual interest of $40,000 is to be paid to grey on december 31, year 4 and year 5. the present value of the interest and principal payments to be received by grey company discounted for two years at 8% is $585,734. grey does not elect the fair value option for reporting the debt modification. on december 31, year 3, grey would recognize a valuation allowance for impaired loans of
Answers: 3
image
Business, 22.06.2019 23:00, kobiemajak
Doogan corporation makes a product with the following standard costs: standard quantity or hours standard price or rate direct materials 2.0 grams $ 7.00 per gram direct labor 1.6 hours $ 12.00 per hour variable overhead 1.6 hours $ 6.00 per hour the company produced 5,000 units in january using 10,340 grams of direct material and 2,320 direct labor-hours. during the month, the company purchased 10,910 grams of the direct material at $7.30 per gram. the actual direct labor rate was $12.85 per hour and the actual variable overhead rate was $5.80 per hour. the company applies variable overhead on the basis of direct labor-hours. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for january is:
Answers: 1
image
Business, 23.06.2019 01:00, alyo31500
Ido not understand this project overview agricultural commodities are bought and sold through the stock exchange. the price of commodities changes all the time. investors buy many agricultural commodities before they are ready for shipping. when an investor buys an agricultural commodity that is going to be ready in the future, they call this purchasing futures. this might be a future crop, meat that has not yet been processed, or another type of agricultural commodity. for this project, you will have to decide how to spend $10,000. research the new york stock exchange. find one or more agricultural commodities that you are interested in. remember, it may be listed as a future crop. instructions identify the agricultural commodities that you think have the best chance of going up in price. think about what is going on with supply and demand. decide how you will spend your money. you may purchase only agricultural commodities. check the market every day for a week. record the price of your commodity or commodities each day. you may buy or sell your commodities at any time during the week. you may sell your commodities and buy different ones. feel free to experiment with the $10,000 by buying and selling commodities, but make sure to keep a careful record of your activities. at the end of the week, you will write a report on your investments. this report should be structured to include this information: page 1: explain how the stock market works. page 2: list all commodities purchased. describe each in detail. discuss why you selected these commodities. remember, they must be agricultural. page 3: create a chart or graph to illustrate the price of your commodity or commodities over the week’s time. list all of your activity buying and selling. make sure you include prices and details. page 4: write a summary of your experience. describe what you might do differently if you were using actual money. propose potential reasons why the price of each commodity may go up or down.
Answers: 1
Do you know the correct answer?
Finley CompanyEnd-of-Period SpreadsheetFor the Year Ended December 31Adjusted Trial BalanceIncome St...

Questions in other subjects:

Konu
Chemistry, 12.04.2021 19:30
Konu
English, 12.04.2021 19:30