Using the data below, compute NET INCOME. Wages Expense 200

Cash 220

Income Tax Expense 240

Prepaid Insurance Expense 120

Interest Expense 300

Interest Revenue 500

Unearned Rent Revenue 150

Accounts Payable 600

Inventory 800

Cost of Goods Sold 1,600

Sales Revenue 3,000

$2,790
$1,310
$2,760
$1,160
$1,040
$1,190
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The trial balance below is for Company L.

Debit Credit

Cash 5,600

Inventory 14,000

Unearned Revenue 2,400

Paid-in Capital 4,000

Retained Earnings (beginning) 6,000

Sales 50,000

Cost of Goods Sold 36,000

Rent Expense 6,800

Total 62,400 62,400

Compute TOTAL ASSETS.

$29,600
$42,800
$62,400
$19,600
$23,600

Jimmy owns an ice cream parlor. he designs a schedule for the different tasks the employees have to perform in order to prevent monotony at work. according to the schedule, if an employee makes waffle cones on a day, he serves ice creams the next day and clears the tables on the day after that. jimmy is using the approach at his ice cream parlor.

Cool beans is a locally owned coffee shop that competes with two large coffee chains, planeteuro and frothies. alicia, the owner, hired two students to count the number of customers that entered each of the coffee shops to estimate what percent of people who are interested in coffee are visiting each shop. after a week, the students found the following results: 589 visited cool beans, 839 visited planeteuro, and 1,290 visited frothies. the students were surprised that cool beans had 139 visits on monday which represented 59% of all people who visited one of the three coffee shops on mondays. how many people visited one of the three coffee shops during the week?

Which of the following differentiates cost accounting and financial accounting? a. the primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers. b. cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions. c. cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties. d. cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.